Gross domestic savings (% of GDP) in Kiribati
Kiribati: Gross domestic savings (% of GDP) was -62.8% in 2024. ▼ Falling
Gross domestic savings in Kiribati, 2006–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
Kiribati recorded -62.8% for gross domestic savings in 2024.
That represents a change of up 17.5% on the previous year and down 17.2% over ten years.
Over the whole period, gross domestic savings in Kiribati peaked at -44.4% in 2020 and was at its lowest, -76.2%, in 2023.
Kiribati ranks 188th of 188 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 19 years of available data.
Gross domestic savings (% of GDP) in Kiribati, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2006 | -59.0% | — |
| 2007 | -50.0% | -15.2% |
| 2008 | -52.3% | +4.7% |
| 2009 | -50.6% | -3.3% |
| 2010 | -46.3% | -8.5% |
| 2011 | -48.6% | +4.9% |
| 2012 | -45.8% | -5.8% |
| 2013 | -45.8% | +0.1% |
| 2014 | -53.6% | +16.9% |
| 2015 | -45.5% | -15.1% |
| 2016 | -48.5% | +6.8% |
| 2017 | -48.5% | -0.1% |
| 2018 | -45.4% | -6.3% |
| 2019 | -52.7% | +15.9% |
| 2020 | -44.4% | -15.7% |
| 2021 | -49.9% | +12.4% |
| 2022 | -71.5% | +43.3% |
| 2023 | -76.2% | +6.6% |
| 2024 | -62.8% | -17.5% |
Kiribati compared with similar countries
- Kiribati's -62.8% is below the median for lower middle income countries, which is 12.2%. (45 countries reporting)
- Kiribati's -62.8% is below the median for East Asia & Pacific, which is 22.0%. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -53.0% | -59.0% | -50.0% | 4 |
| 2010s | -48.1% | -53.6% | -45.4% | 10 |
| 2020s | -60.9% | -76.2% | -44.4% | 5 |
Countries ranked near Kiribati
- 185 Afghanistan -35.3% compare
- 186 Somalia -41.5% compare
- 187 East Timor -44.2% 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 domestic savings in Kiribati?
- Gross domestic savings in Kiribati was -62.8% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross domestic savings recorded in Kiribati?
- The highest recorded value was -44.4% in 2020.
- What is the lowest gross domestic savings recorded in Kiribati?
- The lowest recorded value was -76.2% in 2023.
- How does Kiribati rank for gross domestic savings?
- Kiribati ranks 188th out of 188 countries with data for 2024.
- Is gross domestic savings rising or falling in Kiribati?
- Over the last ten years it is down 17.2%. The long-run trend across the full record is falling.
- 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 domestic savings (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption). 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.