Gross fixed capital formation in Kiribati
Kiribati: Gross fixed capital formation was 29.0% in 2024. ▲ Rising
Gross fixed capital formation in Kiribati, 2006–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
The most recent figure for gross fixed capital formation in Kiribati is 29.0%, measured in 2024.
The figure is up 17.7% on the previous year and up 3.3% over ten years.
Over the whole period, gross fixed capital formation in Kiribati peaked at 38.6% in 2015 and was at its lowest, 13.8%, in 2008.
Kiribati ranks 27th of 181 countries on this measure, in the top 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 | % of GDP | Change |
|---|---|---|
| 2006 | 15.7% | — |
| 2007 | 15.4% | -2.0% |
| 2008 | 13.8% | -10.4% |
| 2009 | 17.6% | +27.8% |
| 2010 | 15.7% | -11.3% |
| 2011 | 19.4% | +24.2% |
| 2012 | 25.2% | +29.8% |
| 2013 | 29.9% | +18.5% |
| 2014 | 28.1% | -6.0% |
| 2015 | 38.6% | +37.2% |
| 2016 | 30.6% | -20.8% |
| 2017 | 25.4% | -16.7% |
| 2018 | 18.3% | -28.1% |
| 2019 | 15.8% | -13.8% |
| 2020 | 14.6% | -7.4% |
| 2021 | 17.4% | +19.2% |
| 2022 | 22.3% | +27.9% |
| 2023 | 24.7% | +10.8% |
| 2024 | 29.0% | +17.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 15.6% | 13.8% | 17.6% | 4 |
| 2010s | 24.7% | 15.7% | 38.6% | 10 |
| 2020s | 21.6% | 14.6% | 29.0% | 5 |
Countries ranked near Kiribati
- 24 Saudi Arabia 30.1% compare
- 25 Viet Nam 29.2% compare
- 26 Congo 29.1% compare
- 28 Lao People's Democratic Republic 29.0% compare
- 29 United Arab Emirates 28.9%
- 30 Bahrain 28.9% 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)
- Manufacturing, value added (current US$), per unit of GDP 0.0424 current US$ per US$ of GDP (2024)
- Manufacturing, value added (current US$), per capita 108.28 current US$ per person (2024)
- Manufacturing, value added (current LCU), per unit of GDP 0.0643 current LCU per US$ of GDP (2024)
- Manufacturing, value added (current LCU), per capita 164.09 current LCU per person (2024)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.0361 constant 2015 US$ per US$ of GDP (2024)
- Manufacturing, value added (constant 2015 US$), per capita 92.12 constant 2015 US$ per person (2024)
- Manufacturing, value added (constant LCU), per capita 122.89 constant LCU per person (2024)
- Industry (including construction), value added (current US$), annual 23.11 % change on previous year (2024)
Frequently asked questions
- What is gross fixed capital formation in Kiribati?
- Gross fixed capital formation in Kiribati was 29.0% 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 38.6% in 2015.
- What is the lowest gross fixed capital formation recorded in Kiribati?
- The lowest recorded value was 13.8% in 2008.
- How does Kiribati rank for gross fixed capital formation?
- Kiribati ranks 27th 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 3.3%. 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 (% of GDP). 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 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.