Gross capital formation in Kiribati
Kiribati: Gross capital formation was 127.37 million constant LCU in 2024. ▲ Rising
Gross capital formation in Kiribati, 2006–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
Kiribati recorded 127.37 million constant LCU for gross capital formation in 2024. That is the highest value across all 19 years on record.
The figure is up 32.1% on the previous year and up 95.4% over ten years.
Over the whole period, gross capital formation in Kiribati peaked at 127.37 million constant LCU in 2024 and was at its lowest, 26.12 million constant LCU, in 2008.
Kiribati ranks 166th of 170 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 19 years of available data.
Gross capital formation in Kiribati, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2006 | 29.47 million constant LCU | — |
| 2007 | 30.62 million constant LCU | +3.9% |
| 2008 | 26.12 million constant LCU | -14.7% |
| 2009 | 30.48 million constant LCU | +16.7% |
| 2010 | 28.81 million constant LCU | -5.5% |
| 2011 | 36.82 million constant LCU | +27.8% |
| 2012 | 56.65 million constant LCU | +53.9% |
| 2013 | 68.28 million constant LCU | +20.5% |
| 2014 | 65.19 million constant LCU | -4.5% |
| 2015 | 97.08 million constant LCU | +48.9% |
| 2016 | 82.51 million constant LCU | -15.0% |
| 2017 | 77.68 million constant LCU | -5.9% |
| 2018 | 58.27 million constant LCU | -25.0% |
| 2019 | 49.65 million constant LCU | -14.8% |
| 2020 | 46.05 million constant LCU | -7.3% |
| 2021 | 64.45 million constant LCU | +40.0% |
| 2022 | 71.30 million constant LCU | +10.6% |
| 2023 | 96.44 million constant LCU | +35.3% |
| 2024 | 127.37 million constant LCU | +32.1% |
Kiribati compared with similar countries
- Kiribati's 127.37 million constant LCU is below the median for lower middle income countries, which is 100.52 billion constant LCU, 0% of the median. (43 countries reporting)
- Kiribati's 127.37 million constant LCU is below the median for East Asia & Pacific, which is 80.47 billion constant LCU, 0% of the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 29.17 million constant LCU | 26.12 million constant LCU | 30.62 million constant LCU | 4 |
| 2010s | 62.09 million constant LCU | 28.81 million constant LCU | 97.08 million constant LCU | 10 |
| 2020s | 81.12 million constant LCU | 46.05 million constant LCU | 127.37 million constant LCU | 5 |
Countries ranked near Kiribati
- 163 Tajikistan 498.04 million constant LCU compare
- 164 Tonga 295.40 million constant LCU compare
- 165 San Marino 234.89 million constant LCU compare
- 167 Sudan 94.85 million constant LCU compare
- 168 Palau 88.42 million constant LCU compare
- 169 Marshall Islands 56.43 million constant LCU 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 16,114 BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 0.1181 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 4.16 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -48.46 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0119 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 30.49 BoP, current US$ per person (2025)
- General government final consumption expenditure (current US$) 8.03 % change on previous year (2024)
Frequently asked questions
- What is gross capital formation in Kiribati?
- Gross capital formation in Kiribati was 127.37 million constant LCU 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 127.37 million constant LCU in 2024.
- What is the lowest gross capital formation recorded in Kiribati?
- The lowest recorded value was 26.12 million constant LCU in 2008.
- How does Kiribati rank for gross capital formation?
- Kiribati ranks 166th out of 170 countries with data for 2024.
- Is gross capital formation rising or falling in Kiribati?
- Over the last ten years it is up 95.4%. 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 Gross capital formation (constant LCU). Statizoid updates them automatically from the source API.
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CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.