Gross capital formation (current LCU) in Kiribati
Kiribati: Gross capital formation (current LCU) was 155.55 million current LCU in 2024. ◆ Volatile
Gross capital formation in Kiribati, 2006–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
The most recent figure for gross capital formation in Kiribati is 155.55 million current LCU, measured in 2024. That is the highest value across all 19 years on record.
Compared with earlier readings it is up 43.2% on the previous year and up 144.3% over ten years.
Over the whole period, gross capital formation in Kiribati peaked at 155.55 million current LCU in 2024 and was at its lowest, 23.50 million current LCU, in 2006.
Kiribati ranks 184th of 187 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross capital formation (current LCU) in Kiribati, year by year
| Year | current LCU | Change |
|---|---|---|
| 2006 | 23.50 million current LCU | — |
| 2007 | 25.35 million current LCU | +7.9% |
| 2008 | 24.76 million current LCU | -2.3% |
| 2009 | 31.58 million current LCU | +27.6% |
| 2010 | 28.71 million current LCU | -9.1% |
| 2011 | 36.97 million current LCU | +28.8% |
| 2012 | 55.43 million current LCU | +49.9% |
| 2013 | 65.57 million current LCU | +18.3% |
| 2014 | 63.68 million current LCU | -2.9% |
| 2015 | 96.30 million current LCU | +51.2% |
| 2016 | 83.23 million current LCU | -13.6% |
| 2017 | 78.58 million current LCU | -5.6% |
| 2018 | 59.29 million current LCU | -24.5% |
| 2019 | 49.65 million current LCU | -16.3% |
| 2020 | 47.18 million current LCU | -5.0% |
| 2021 | 67.50 million current LCU | +43.1% |
| 2022 | 91.01 million current LCU | +34.8% |
| 2023 | 108.63 million current LCU | +19.4% |
| 2024 | 155.55 million current LCU | +43.2% |
Kiribati compared with similar countries
- Kiribati's 155.55 million current LCU is below the median for lower middle income countries, which is 505.56 billion current LCU, 0% of the median. (45 countries reporting)
- Kiribati's 155.55 million current LCU is below the median for East Asia & Pacific, which is 177.54 billion current LCU, 0% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 26.30 million current LCU | 23.50 million current LCU | 31.58 million current LCU | 4 |
| 2010s | 61.74 million current LCU | 28.71 million current LCU | 96.30 million current LCU | 10 |
| 2020s | 93.97 million current LCU | 47.18 million current LCU | 155.55 million current LCU | 5 |
Countries ranked near Kiribati
- 181 East Timor 561.69 million current LCU compare
- 182 Tonga 405.67 million current LCU compare
- 183 San Marino 310.91 million current LCU compare
- 185 Palau 112.42 million current LCU compare
- 186 Marshall Islands 60.18 million current LCU compare
- 187 Equatorial Guinea -274.55 billion current LCU compare
More economy & growth data for Kiribati
- Real gdp growth, annual growth rate 40.32 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate 4.98 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0577 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 147.57 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.0313 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0421 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 107.75 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is gross capital formation in Kiribati?
- Gross capital formation in Kiribati was 155.55 million current 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 155.55 million current LCU in 2024.
- What is the lowest gross capital formation recorded in Kiribati?
- The lowest recorded value was 23.50 million current LCU in 2006.
- How does Kiribati rank for gross capital formation?
- Kiribati ranks 184th out of 187 countries with data for 2024.
- Is gross capital formation rising or falling in Kiribati?
- Over the last ten years it is up 144.3%. 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 (current LCU). 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 is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.