Gross fixed capital formation in Kiribati
Kiribati: Gross fixed capital formation was 122.32 million constant LCU in 2024. ▲ Rising
Gross fixed capital formation in Kiribati, 2006–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
The most recent figure for gross fixed capital formation in Kiribati is 122.32 million constant LCU, measured in 2024. That is the highest value across all 19 years on record.
Compared with earlier readings it is up 27.1% on the previous year and up 92.8% over ten years.
Over the whole period, gross fixed capital formation in Kiribati peaked at 122.32 million constant LCU in 2024 and was at its lowest, 25.67 million constant LCU, in 2008.
That places Kiribati 165th out of 168 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 19 years of available data.
Gross fixed capital formation in Kiribati, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2006 | 29.39 million constant LCU | — |
| 2007 | 30.64 million constant LCU | +4.2% |
| 2008 | 25.67 million constant LCU | -16.2% |
| 2009 | 30.63 million constant LCU | +19.3% |
| 2010 | 28.39 million constant LCU | -7.3% |
| 2011 | 36.59 million constant LCU | +28.9% |
| 2012 | 51.54 million constant LCU | +40.9% |
| 2013 | 64.81 million constant LCU | +25.7% |
| 2014 | 63.44 million constant LCU | -2.1% |
| 2015 | 99.29 million constant LCU | +56.5% |
| 2016 | 84.09 million constant LCU | -15.3% |
| 2017 | 73.10 million constant LCU | -13.1% |
| 2018 | 56.22 million constant LCU | -23.1% |
| 2019 | 49.18 million constant LCU | -12.5% |
| 2020 | 45.71 million constant LCU | -7.1% |
| 2021 | 63.19 million constant LCU | +38.3% |
| 2022 | 67.55 million constant LCU | +6.9% |
| 2023 | 96.25 million constant LCU | +42.5% |
| 2024 | 122.32 million constant LCU | +27.1% |
Kiribati compared with similar countries
- Kiribati's 122.32 million constant LCU is below the median for lower middle income countries, which is 109.54 billion constant LCU, 0% of the median. (44 countries reporting)
- Kiribati's 122.32 million constant LCU is below the median for East Asia & Pacific, which is 144.50 billion constant LCU, 0% of the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 29.08 million constant LCU | 25.67 million constant LCU | 30.64 million constant LCU | 4 |
| 2010s | 60.66 million constant LCU | 28.39 million constant LCU | 99.29 million constant LCU | 10 |
| 2020s | 79.00 million constant LCU | 45.71 million constant LCU | 122.32 million constant LCU | 5 |
Countries ranked near Kiribati
- 162 Tonga 292.73 million constant LCU compare
- 163 Tajikistan 279.91 million constant LCU compare
- 164 San Marino 239.14 million constant LCU compare
- 166 Sudan 94.85 million constant LCU compare
- 167 Palau 90.52 million constant LCU compare
- 168 Marshall Islands 60.68 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 fixed capital formation in Kiribati?
- Gross fixed capital formation in Kiribati was 122.32 million constant LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross fixed capital formation recorded in Kiribati?
- The highest recorded value was 122.32 million constant LCU in 2024.
- What is the lowest gross fixed capital formation recorded in Kiribati?
- The lowest recorded value was 25.67 million constant LCU in 2008.
- How does Kiribati rank for gross fixed capital formation?
- Kiribati ranks 165th out of 168 countries with data for 2024.
- Is gross fixed capital formation rising or falling in Kiribati?
- Over the last ten years it is up 92.8%. 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 fixed 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 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 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.