Final consumption expenditure in Kiribati
Kiribati: Final consumption expenditure was 162.8% in 2024. ▲ Rising
Final consumption expenditure in Kiribati, 2006–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
In 2024, final consumption expenditure in Kiribati stood at 162.8%.
The figure is down 7.6% on the previous year and up 6.0% over ten years.
Over the whole period, final consumption expenditure in Kiribati peaked at 176.2% in 2023 and was at its lowest, 144.4%, in 2020.
Kiribati ranks 1st of 187 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 19 years of available data.
Final consumption expenditure in Kiribati, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2006 | 159.0% | — |
| 2007 | 150.0% | -5.6% |
| 2008 | 152.3% | +1.6% |
| 2009 | 150.6% | -1.1% |
| 2010 | 146.3% | -2.8% |
| 2011 | 148.6% | +1.6% |
| 2012 | 145.8% | -1.9% |
| 2013 | 145.8% | +0.0% |
| 2014 | 153.6% | +5.3% |
| 2015 | 145.5% | -5.3% |
| 2016 | 148.5% | +2.1% |
| 2017 | 148.5% | -0.0% |
| 2018 | 145.4% | -2.1% |
| 2019 | 152.7% | +5.0% |
| 2020 | 144.4% | -5.4% |
| 2021 | 149.9% | +3.8% |
| 2022 | 171.5% | +14.4% |
| 2023 | 176.2% | +2.7% |
| 2024 | 162.8% | -7.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 153.0% | 150.0% | 159.0% | 4 |
| 2010s | 148.1% | 145.4% | 153.6% | 10 |
| 2020s | 160.9% | 144.4% | 176.2% | 5 |
Countries ranked near Kiribati
- 2 East Timor 144.2% compare
- 3 Somalia 141.5% compare
- 4 Afghanistan 135.3% compare
More economy & growth data for Kiribati
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.6343 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.11 Percent per annum (2029)
- Industry (including construction), value added (constant 2015 US$) 21.1 % change on previous year (2024)
- Industry (including construction), value added (constant 2015 US$) 0.105 constant 2015 US$ per US$ of GDP (2024)
- Industry (including construction), value added (constant 2015 US$) 267.78 constant 2015 US$ per person (2024)
- Industry (including construction), value added (constant LCU), annual 21.1 % change on previous year (2024)
- Industry (including construction), value added (constant LCU), per 0.1394 constant LCU per US$ of GDP (2024)
- Industry (including construction), value added (constant LCU), per 355.51 constant LCU per person (2024)
- Services, value added (current US$), annual growth rate 22.91 % change on previous year (2024)
- Services, value added (current US$), per unit of GDP 0.7028 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is final consumption expenditure in Kiribati?
- Final consumption expenditure in Kiribati was 162.8% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest final consumption expenditure recorded in Kiribati?
- The highest recorded value was 176.2% in 2023.
- What is the lowest final consumption expenditure recorded in Kiribati?
- The lowest recorded value was 144.4% in 2020.
- How does Kiribati rank for final consumption expenditure?
- Kiribati ranks 1st out of 187 countries with data for 2024.
- Is final consumption expenditure rising or falling in Kiribati?
- Over the last ten years it is up 6.0%. The long-run trend across the full record is rising.
- Where does this Kiribati data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Final consumption expenditure (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.