Gross savings in Kiribati
Kiribati: Gross savings was 12.9% in 2024. ◆ Volatile
Gross savings in Kiribati, 2006–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
In 2024, gross savings in Kiribati stood at 12.9%.
Compared with earlier readings it is down 23.7% on the previous year and down 76.5% over ten years.
Over the whole period, gross savings in Kiribati peaked at 65.8% in 2015 and was at its lowest, 2.6%, in 2006.
That places Kiribati 149th out of 177 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 savings in Kiribati, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2006 | 2.6% | — |
| 2007 | 11.4% | +334.2% |
| 2008 | 10.4% | -9.0% |
| 2009 | 6.0% | -42.6% |
| 2010 | 15.9% | +166.4% |
| 2011 | 10.5% | -33.7% |
| 2012 | 26.1% | +147.7% |
| 2013 | 25.2% | -3.5% |
| 2014 | 54.6% | +116.9% |
| 2015 | 65.8% | +20.5% |
| 2016 | 38.5% | -41.5% |
| 2017 | 57.1% | +48.2% |
| 2018 | 52.6% | -7.9% |
| 2019 | 54.4% | +3.3% |
| 2020 | 46.1% | -15.2% |
| 2021 | 24.3% | -47.3% |
| 2022 | 9.1% | -62.4% |
| 2023 | 16.8% | +84.5% |
| 2024 | 12.9% | -23.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7.6% | 2.6% | 11.4% | 4 |
| 2010s | 40.1% | 10.5% | 65.8% | 10 |
| 2020s | 21.8% | 9.1% | 46.1% | 5 |
Countries ranked near Kiribati
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 savings in Kiribati?
- Gross savings in Kiribati was 12.9% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Kiribati?
- The highest recorded value was 65.8% in 2015.
- What is the lowest gross savings recorded in Kiribati?
- The lowest recorded value was 2.6% in 2006.
- How does Kiribati rank for gross savings?
- Kiribati ranks 149th out of 177 countries with data for 2024.
- Is gross savings rising or falling in Kiribati?
- Over the last ten years it is down 76.5%. 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 savings (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. 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.