Gross fixed capital formation (current LCU) in Kiribati
Kiribati: Gross fixed capital formation (current LCU) was 150.99 million current LCU in 2024. ◆ Volatile
Gross fixed capital formation in Kiribati, 2006–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
Kiribati recorded 150.99 million current LCU for gross fixed capital formation in 2024. That is the highest value across all 19 years on record.
The figure is up 39.4% on the previous year and up 141.7% over ten years.
Over the whole period, gross fixed capital formation in Kiribati peaked at 150.99 million current LCU in 2024 and was at its lowest, 23.44 million current LCU, in 2006.
That places Kiribati 179th out of 181 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed capital formation (current LCU) in Kiribati, year by year
| Year | current LCU | Change |
|---|---|---|
| 2006 | 23.44 million current LCU | — |
| 2007 | 25.41 million current LCU | +8.4% |
| 2008 | 24.19 million current LCU | -4.8% |
| 2009 | 31.71 million current LCU | +31.1% |
| 2010 | 28.24 million current LCU | -10.9% |
| 2011 | 36.94 million current LCU | +30.8% |
| 2012 | 50.45 million current LCU | +36.6% |
| 2013 | 62.49 million current LCU | +23.9% |
| 2014 | 62.46 million current LCU | -0.0% |
| 2015 | 98.31 million current LCU | +57.4% |
| 2016 | 84.86 million current LCU | -13.7% |
| 2017 | 74.03 million current LCU | -12.8% |
| 2018 | 57.26 million current LCU | -22.7% |
| 2019 | 49.18 million current LCU | -14.1% |
| 2020 | 46.87 million current LCU | -4.7% |
| 2021 | 66.13 million current LCU | +41.1% |
| 2022 | 87.04 million current LCU | +31.6% |
| 2023 | 108.33 million current LCU | +24.5% |
| 2024 | 150.99 million current LCU | +39.4% |
Kiribati compared with similar countries
- Kiribati's 150.99 million current LCU is below the median for lower middle income countries, which is 457.10 billion current LCU, 0% of the median. (45 countries reporting)
- Kiribati's 150.99 million current LCU is below the median for East Asia & Pacific, which is 174.36 billion current LCU, 0% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 26.19 million current LCU | 23.44 million current LCU | 31.71 million current LCU | 4 |
| 2010s | 60.42 million current LCU | 28.24 million current LCU | 98.31 million current LCU | 10 |
| 2020s | 91.87 million current LCU | 46.87 million current LCU | 150.99 million current LCU | 5 |
Countries ranked near Kiribati
- 176 East Timor 503.86 million current LCU compare
- 177 Tonga 402.00 million current LCU compare
- 178 San Marino 316.53 million current LCU compare
- 180 Palau 115.22 million current LCU compare
- 181 Marshall Islands 65.14 million current 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)
- 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)
- IMF holdings of currency, US dollar, per unit of GDP 0.0384 units per US$ of GDP (2025)
Frequently asked questions
- What is gross fixed capital formation in Kiribati?
- Gross fixed capital formation in Kiribati was 150.99 million current 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 150.99 million current LCU in 2024.
- What is the lowest gross fixed capital formation recorded in Kiribati?
- The lowest recorded value was 23.44 million current LCU in 2006.
- How does Kiribati rank for gross fixed capital formation?
- Kiribati ranks 179th out of 181 countries with data for 2024.
- Is gross fixed capital formation rising or falling in Kiribati?
- Over the last ten years it is up 141.7%. 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 Organizations and/or Central Banks, published as part of Gross fixed capital formation (current LCU). 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 is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.