Gross savings in Kiribati
Kiribati: Gross savings was 8.3% in 2024. ◆ Volatile
Gross savings in Kiribati, 2006–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GNI.
Analysis
The most recent figure for gross savings in Kiribati is 8.3%, measured in 2024.
The figure is down 18.8% on the previous year and down 72.7% over ten years.
Over the whole period, gross savings in Kiribati peaked at 33.8% in 2015 and was at its lowest, 1.9%, in 2006.
Kiribati ranks 164th of 177 countries on this measure, 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 GNI | Change |
|---|---|---|
| 2006 | 1.9% | — |
| 2007 | 8.1% | +329.4% |
| 2008 | 7.2% | -10.8% |
| 2009 | 4.4% | -39.3% |
| 2010 | 11.0% | +151.7% |
| 2011 | 7.7% | -30.0% |
| 2012 | 17.7% | +129.3% |
| 2013 | 15.8% | -10.7% |
| 2014 | 30.5% | +92.8% |
| 2015 | 33.8% | +10.9% |
| 2016 | 23.0% | -32.1% |
| 2017 | 32.3% | +40.6% |
| 2018 | 30.4% | -5.8% |
| 2019 | 28.6% | -6.0% |
| 2020 | 27.0% | -5.8% |
| 2021 | 15.5% | -42.5% |
| 2022 | 6.1% | -60.7% |
| 2023 | 10.3% | +68.4% |
| 2024 | 8.3% | -18.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.4% | 1.9% | 8.1% | 4 |
| 2010s | 23.1% | 7.7% | 33.8% | 10 |
| 2020s | 13.4% | 6.1% | 27.0% | 5 |
Countries ranked near Kiribati
- 161 Sao Tome and Principe 8.9% compare
- 162 Palestine, State of 8.6% compare
- 163 Egypt 8.5% compare
- 165 Montenegro 7.0% compare
- 166 Vanuatu 6.2% compare
- 167 Tunisia 5.6% 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 (constant LCU), per capita 122.89 constant LCU per person (2024)
- Industry (including construction), value added (current US$), annual 23.11 % change on previous year (2024)
- Industry (including construction), value added (current US$), per 0.1178 current US$ per US$ of GDP (2024)
- Industry (including construction), value added (current US$), per 300.47 current US$ per person (2024)
- Industry (including construction), value added (current LCU), annual 23.94 % change on previous year (2024)
- Industry (including construction), value added (current LCU), per 0.1785 current LCU per US$ of GDP (2024)
- Industry (including construction), value added (current LCU), per 455.32 current LCU per person (2024)
- Industry (including construction), value added (constant 2015 US$) 21.1 % change on previous year (2024)
Frequently asked questions
- What is gross savings in Kiribati?
- Gross savings in Kiribati was 8.3% 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 33.8% in 2015.
- What is the lowest gross savings recorded in Kiribati?
- The lowest recorded value was 1.9% in 2006.
- How does Kiribati rank for gross savings?
- Kiribati ranks 164th out of 177 countries with data for 2024.
- Is gross savings rising or falling in Kiribati?
- Over the last ten years it is down 72.7%. 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 Offices (NSOs), published as part of Gross savings (% of GNI). 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 National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.