Gross fixed capital formation in Kiribati
Kiribati: Gross fixed capital formation was 27.1% in 2024. ◆ Volatile
Gross fixed capital formation in Kiribati, 2007–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
In 2024, gross fixed capital formation in Kiribati stood at 27.1%.
The figure is down 36.3% on the previous year and up 1,384.7% over ten years.
Over the whole period, gross fixed capital formation in Kiribati peaked at 56.5% in 2015 and was at its lowest, -23.1%, in 2018.
Kiribati ranks 5th of 166 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed capital formation in Kiribati, year by year
| Year | annual % growth | Change |
|---|---|---|
| 2007 | 4.2% | — |
| 2008 | -16.2% | -482.6% |
| 2009 | 19.3% | -219.2% |
| 2010 | -7.3% | -137.9% |
| 2011 | 28.9% | -494.3% |
| 2012 | 40.9% | +41.5% |
| 2013 | 25.7% | -37.0% |
| 2014 | -2.1% | -108.2% |
| 2015 | 56.5% | -2779.8% |
| 2016 | -15.3% | -127.1% |
| 2017 | -13.1% | -14.6% |
| 2018 | -23.1% | +76.7% |
| 2019 | -12.5% | -45.8% |
| 2020 | -7.1% | -43.6% |
| 2021 | 38.3% | -641.8% |
| 2022 | 6.9% | -82.0% |
| 2023 | 42.5% | +516.3% |
| 2024 | 27.1% | -36.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.5% | -16.2% | 19.3% | 3 |
| 2010s | 7.9% | -23.1% | 56.5% | 10 |
| 2020s | 21.5% | -7.1% | 42.5% | 5 |
Countries ranked near Kiribati
- 2 Yemen 181.8% compare
- 3 Ireland 42.6% compare
- 4 East Timor 41.7% compare
- 6 Guinea 26.0% compare
- 7 El Salvador 22.6% compare
- 8 Sao Tome and Principe 22.2% 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)
- 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)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 5.96 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.7964 constant 2015 US$ per US$ of GDP (2024)
Frequently asked questions
- What is gross fixed capital formation in Kiribati?
- Gross fixed capital formation in Kiribati was 27.1% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross fixed capital formation recorded in Kiribati?
- The highest recorded value was 56.5% in 2015.
- What is the lowest gross fixed capital formation recorded in Kiribati?
- The lowest recorded value was -23.1% in 2018.
- How does Kiribati rank for gross fixed capital formation?
- Kiribati ranks 5th out of 166 countries with data for 2024.
- Is gross fixed capital formation rising or falling in Kiribati?
- Over the last ten years it is up 1,384.7%. 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 Offices (NSOs), published as part of Gross fixed capital formation (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.