Gross fixed capital formation (current LCU), annual growth rate in Kiribati
Kiribati: Gross fixed capital formation (current LCU), annual growth rate was 39.38 % change on previous year in 2024. ◆ Volatile
Gross fixed capital formation (current LCU), annual growth rate in Kiribati, 2007–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gross fixed capital formation (current lcu), annual growth rate in Kiribati stood at 39.38 % change on previous year.
Compared with earlier readings it is up 61.0% on the previous year and up 80,791.2% over ten years.
Over the whole period, gross fixed capital formation (current lcu), annual growth rate in Kiribati peaked at 57.39 % change on previous year in 2015 and was at its lowest, -22.66 % change on previous year, in 2018.
Kiribati ranks 11th of 179 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 (current LCU), annual growth rate in Kiribati, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2007 | 8.39 % change on previous year | — |
| 2008 | -4.77 % change on previous year | -156.9% |
| 2009 | 31.06 % change on previous year | -750.7% |
| 2010 | -10.94 % change on previous year | -135.2% |
| 2011 | 30.81 % change on previous year | -381.7% |
| 2012 | 36.57 % change on previous year | +18.7% |
| 2013 | 23.88 % change on previous year | -34.7% |
| 2014 | -0.0488 % change on previous year | -100.2% |
| 2015 | 57.39 % change on previous year | -117697.7% |
| 2016 | -13.69 % change on previous year | -123.8% |
| 2017 | -12.76 % change on previous year | -6.8% |
| 2018 | -22.66 % change on previous year | +77.6% |
| 2019 | -14.11 % change on previous year | -37.7% |
| 2020 | -4.69 % change on previous year | -66.8% |
| 2021 | 41.09 % change on previous year | -976.7% |
| 2022 | 31.61 % change on previous year | -23.1% |
| 2023 | 24.46 % change on previous year | -22.6% |
| 2024 | 39.38 % change on previous year | +61.0% |
Kiribati compared with similar countries
- Kiribati's 39.38 % change on previous year is above the median for lower middle income countries, which is 11.72 % change on previous year, 3.4× the median. (45 countries reporting)
- Kiribati's 39.38 % change on previous year is above the median for East Asia & Pacific, which is 6.2 % change on previous year, 6.4× the median. (29 countries reporting)
Biggest year-on-year movements
Years where Gross fixed capital formation (current LCU), annual growth rate in Kiribati changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2015 | +117697.7% | -0.0488 % change on previous year | 57.39 % change on previous year |
| 2021 | +976.7% | -4.69 % change on previous year | 41.09 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 11.56 % change on previous year | -4.77 % change on previous year | 31.06 % change on previous year | 3 |
| 2010s | 7.45 % change on previous year | -22.66 % change on previous year | 57.39 % change on previous year | 10 |
| 2020s | 26.37 % change on previous year | -4.69 % change on previous year | 41.09 % change on previous year | 5 |
Countries ranked near Kiribati
- 8 Guyana 44.92 % change on previous year
- 9 Sao Tome and Principe 43.46 % change on previous year compare
- 10 East Timor 39.59 % change on previous year compare
- 12 Turkey 38.07 % change on previous year compare
- 13 Kyrgyzstan 37.86 % change on previous year compare
- 14 Eritrea 32.44 % change on previous year 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 (current lcu), annual growth rate in Kiribati?
- Gross fixed capital formation (current lcu), annual growth rate in Kiribati was 39.38 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross fixed capital formation (current lcu), annual growth rate recorded in Kiribati?
- The highest recorded value was 57.39 % change on previous year in 2015.
- What is the lowest gross fixed capital formation (current lcu), annual growth rate recorded in Kiribati?
- The lowest recorded value was -22.66 % change on previous year in 2018.
- How does Kiribati rank for gross fixed capital formation (current lcu), annual growth rate?
- Kiribati ranks 11th out of 179 countries with data for 2024.
- Is gross fixed capital formation (current lcu), annual growth rate rising or falling in Kiribati?
- Over the last ten years it is up 80,791.2%. The long-run trend across the full record is volatile.
- Where does this Kiribati data come from?
- The figures come from Statizoid (derived), published as part of Gross fixed capital formation (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 18 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross fixed capital formation (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross fixed capital formation Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross fixed capital formation (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.