Gross capital formation in Kiribati
Kiribati: Gross capital formation was 29.9% in 2024. ▲ Rising
Gross capital formation in Kiribati, 2006–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
Kiribati recorded 29.9% for gross capital formation in 2024.
Compared with earlier readings it is up 20.9% on the previous year and up 4.4% over ten years.
Over the whole period, gross capital formation in Kiribati peaked at 37.8% in 2015 and was at its lowest, 14.1%, in 2008.
That places Kiribati 38th out of 187 countries with data for 2024, putting it in the top 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 | % of GDP | Change |
|---|---|---|
| 2006 | 15.8% | — |
| 2007 | 15.4% | -2.5% |
| 2008 | 14.1% | -8.1% |
| 2009 | 17.6% | +24.4% |
| 2010 | 15.9% | -9.4% |
| 2011 | 19.5% | +22.3% |
| 2012 | 27.7% | +42.5% |
| 2013 | 31.4% | +13.2% |
| 2014 | 28.7% | -8.7% |
| 2015 | 37.8% | +31.8% |
| 2016 | 30.0% | -20.7% |
| 2017 | 27.0% | -9.9% |
| 2018 | 18.9% | -29.9% |
| 2019 | 15.9% | -16.0% |
| 2020 | 14.7% | -7.6% |
| 2021 | 17.8% | +20.9% |
| 2022 | 23.3% | +31.0% |
| 2023 | 24.7% | +6.3% |
| 2024 | 29.9% | +20.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 15.7% | 14.1% | 17.6% | 4 |
| 2010s | 25.3% | 15.9% | 37.8% | 10 |
| 2020s | 22.1% | 14.7% | 29.9% | 5 |
Countries ranked near Kiribati
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)
- Gross capital formation (constant 2015 US$), annual growth rate 32.07 % change on previous year (2024)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.2766 constant 2015 US$ per US$ of GDP (2024)
- Gross capital formation (constant 2015 US$), per capita 705.68 constant 2015 US$ per person (2024)
- Imports of goods and services (current US$), annual growth rate 14.12 % change on previous year (2024)
- Imports of goods and services (current US$), per unit of GDP 0.9759 current US$ per US$ of GDP (2024)
- Imports of goods and services (current US$), per capita 2,490 current US$ per person (2024)
- Imports of goods and services (current LCU), annual growth rate 14.89 % change on previous year (2024)
- Imports of goods and services (current LCU), per unit of GDP 1.48 current LCU per US$ of GDP (2024)
Frequently asked questions
- What is gross capital formation in Kiribati?
- Gross capital formation in Kiribati was 29.9% 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 37.8% in 2015.
- What is the lowest gross capital formation recorded in Kiribati?
- The lowest recorded value was 14.1% in 2008.
- How does Kiribati rank for gross capital formation?
- Kiribati ranks 38th 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 4.4%. 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 (% of GDP). 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 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.