Gross value added at basic prices (GVA) in Kiribati
Kiribati: Gross value added at basic prices (GVA) was 378.20 million constant LCU in 2024. ▲ Rising
Gross value added at basic prices (GVA) in Kiribati, 1979–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
In 2024, gross value added at basic prices (gva) in Kiribati stood at 378.20 million constant LCU. That is the highest value across all 46 years on record.
That represents a change of up 6.0% on the previous year and up 58.5% over ten years.
Over the whole period, gross value added at basic prices (gva) in Kiribati peaked at 378.20 million constant LCU in 2024 and was at its lowest, 124.57 million constant LCU, in 1987.
Kiribati ranks 194th of 197 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 46 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 140.71 million constant LCU | 140.71 million constant LCU | 140.71 million constant LCU | 1 |
| 1980s | 140.74 million constant LCU | 124.57 million constant LCU | 154.64 million constant LCU | 10 |
| 1990s | 172.71 million constant LCU | 132.07 million constant LCU | 190.64 million constant LCU | 10 |
| 2000s | 188.10 million constant LCU | 178.00 million constant LCU | 198.94 million constant LCU | 10 |
| 2010s | 252.56 million constant LCU | 194.29 million constant LCU | 314.47 million constant LCU | 10 |
| 2020s | 344.11 million constant LCU | 312.30 million constant LCU | 378.20 million constant LCU | 5 |
Countries ranked near Kiribati
- 191 Turks and Caicos Islands 1.39 billion constant LCU compare
- 192 San Marino 1.31 billion constant LCU compare
- 193 Tonga 902.26 million constant LCU compare
- 195 Micronesia (country) 239.36 million constant LCU compare
- 196 Palau 235.29 million constant LCU compare
- 197 Marshall Islands 211.17 million constant LCU compare
More economy & growth data for Kiribati
- External balance on goods and services as a percent of GDP -93.1% (2024)
- Inflation of consumer prices 2.5% (2024)
- GDP per capita 2,109 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 4.2% (2024)
- Gross domestic product (GDP) 287.80 million constant 2015 US$ (2025)
- GDP per capita in international and market dollars 2,109 constant 2015 US$ (2025)
- DEC alternative conversion factor 1.55 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 152.09 million current LCU (2025)
- Net secondary income (Net current transfers from abroad) 97.99 million current US$ (2025)
- Taxes less subsidies on products -10.45 million current LCU (2024)
Frequently asked questions
- What is gross value added at basic prices (gva) in Kiribati?
- Gross value added at basic prices (gva) in Kiribati was 378.20 million constant LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross value added at basic prices (gva) recorded in Kiribati?
- The highest recorded value was 378.20 million constant LCU in 2024.
- What is the lowest gross value added at basic prices (gva) recorded in Kiribati?
- The lowest recorded value was 124.57 million constant LCU in 1987.
- How does Kiribati rank for gross value added at basic prices (gva)?
- Kiribati ranks 194th out of 197 countries with data for 2024.
- Is gross value added at basic prices (gva) rising or falling in Kiribati?
- Over the last ten years it is up 58.5%. 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 Offices (NSOs), published as part of Gross value added at basic prices (GVA) (constant LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 46 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.