Gross capital formation in Kiribati
Kiribati: Gross capital formation was 32.1% in 2024. ◆ Volatile
Gross capital formation in Kiribati, 2007–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual % growth.
Analysis
The most recent figure for gross capital formation in Kiribati is 32.1%, measured in 2024.
Compared with earlier readings it is down 9.0% on the previous year and up 809.4% over ten years.
Over the whole period, gross capital formation in Kiribati peaked at 53.9% in 2012 and was at its lowest, -25.0%, in 2018.
That places Kiribati 8th out of 168 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross capital formation in Kiribati, year by year
| Year | annual % growth | Change |
|---|---|---|
| 2007 | 3.9% | — |
| 2008 | -14.7% | -476.9% |
| 2009 | 16.7% | -213.5% |
| 2010 | -5.5% | -132.8% |
| 2011 | 27.8% | -608.5% |
| 2012 | 53.9% | +93.9% |
| 2013 | 20.5% | -61.9% |
| 2014 | -4.5% | -122.0% |
| 2015 | 48.9% | -1181.7% |
| 2016 | -15.0% | -130.7% |
| 2017 | -5.9% | -61.0% |
| 2018 | -25.0% | +326.9% |
| 2019 | -14.8% | -40.8% |
| 2020 | -7.3% | -50.9% |
| 2021 | 40.0% | -650.3% |
| 2022 | 10.6% | -73.4% |
| 2023 | 35.3% | +231.9% |
| 2024 | 32.1% | -9.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.0% | -14.7% | 16.7% | 3 |
| 2010s | 8.0% | -25.0% | 53.9% | 10 |
| 2020s | 22.1% | -7.3% | 40.0% | 5 |
Countries ranked near Kiribati
- 5 Ireland 39.8% compare
- 6 El Salvador 34.5% compare
- 7 Timor-Leste 32.2% compare
- 9 Guinea 26.8% compare
- 10 Paraguay 23.3% compare
- 11 Sao Tome and Principe 21.9% 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)
- Services, value added (constant LCU), per capita 1,938 constant LCU per person (2024)
- GDP deflator (base year varies by country), annual growth rate 0.0087 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 17.5 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 1.02 current US$ per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current US$), per capita 2,601 current US$ per person (2024)
- Gross value added at basic prices (GVA) (current LCU), annual growth 18.3 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 1.55 current LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current LCU), per capita 3,942 current LCU per person (2024)
Frequently asked questions
- What is gross capital formation in Kiribati?
- Gross capital formation in Kiribati was 32.1% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross capital formation recorded in Kiribati?
- The highest recorded value was 53.9% in 2012.
- What is the lowest gross capital formation recorded in Kiribati?
- The lowest recorded value was -25.0% in 2018.
- How does Kiribati rank for gross capital formation?
- Kiribati ranks 8th out of 168 countries with data for 2024.
- Is gross capital formation rising or falling in Kiribati?
- Over the last ten years it is up 809.4%. The long-run trend across the full record is volatile.
- 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 Gross capital formation (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.