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
Latest (2024)
378.20 million constant LCU
Change on year
up 6.0%
World rank
195th
of 198 countries
All-time high
378.20 million constant LCU
in 2024
All-time low
124.57 million constant LCU
in 1987
Years of data
46
1979–2024
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 195th of 198 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 46 years of available data.
Gross value added at basic prices (GVA) in Kiribati, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1979 | 140.71 million constant LCU | — |
| 1980 | 141.12 million constant LCU | +0.3% |
| 1981 | 149.80 million constant LCU | +6.1% |
| 1982 | 150.54 million constant LCU | +0.5% |
| 1983 | 134.11 million constant LCU | -10.9% |
| 1984 | 151.98 million constant LCU | +13.3% |
| 1985 | 132.07 million constant LCU | -13.1% |
| 1986 | 125.86 million constant LCU | -4.7% |
| 1987 | 124.57 million constant LCU | -1.0% |
| 1988 | 154.64 million constant LCU | +24.1% |
| 1989 | 142.69 million constant LCU | -7.7% |
| 1990 | 132.07 million constant LCU | -7.4% |
| 1991 | 142.11 million constant LCU | +7.6% |
| 1992 | 176.33 million constant LCU | +24.1% |
| 1993 | 176.31 million constant LCU | -0.0% |
| 1994 | 183.01 million constant LCU | +3.8% |
| 1995 | 184.54 million constant LCU | +0.8% |
| 1996 | 180.68 million constant LCU | -2.1% |
| 1997 | 172.44 million constant LCU | -4.6% |
| 1998 | 190.64 million constant LCU | +10.6% |
| 1999 | 188.99 million constant LCU | -0.9% |
| 2000 | 183.50 million constant LCU | -2.9% |
| 2001 | 180.58 million constant LCU | -1.6% |
| 2002 | 179.23 million constant LCU | -0.7% |
| 2003 | 185.35 million constant LCU | +3.4% |
| 2004 | 187.17 million constant LCU | +1.0% |
| 2005 | 178.00 million constant LCU | -4.9% |
| 2006 | 195.31 million constant LCU | +9.7% |
| 2007 | 198.37 million constant LCU | +1.6% |
| 2008 | 198.94 million constant LCU | +0.3% |
| 2009 | 194.56 million constant LCU | -2.2% |
| 2010 | 194.29 million constant LCU | -0.1% |
| 2011 | 207.58 million constant LCU | +6.8% |
| 2012 | 222.25 million constant LCU | +7.1% |
| 2013 | 232.04 million constant LCU | +4.4% |
| 2014 | 238.61 million constant LCU | +2.8% |
| 2015 | 251.87 million constant LCU | +5.6% |
| 2016 | 274.71 million constant LCU | +9.1% |
| 2017 | 296.35 million constant LCU | +7.9% |
| 2018 | 293.44 million constant LCU | -1.0% |
| 2019 | 314.47 million constant LCU | +7.2% |
| 2020 | 312.30 million constant LCU | -0.7% |
| 2021 | 329.11 million constant LCU | +5.4% |
| 2022 | 344.01 million constant LCU | +4.5% |
| 2023 | 356.91 million constant LCU | +3.8% |
| 2024 | 378.20 million constant LCU | +6.0% |
Kiribati compared with similar countries
- Kiribati's 378.20 million constant LCU is below the median for lower middle income countries, which is 664.36 billion constant LCU, 0% of the median. (47 countries reporting)
- Kiribati's 378.20 million constant LCU is below the median for East Asia & Pacific, which is 473.15 billion constant LCU, 0% of the median. (28 countries reporting)
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
- 192 Turks and Caicos Islands 1.39 billion constant LCU compare
- 193 San Marino 1.31 billion constant LCU compare
- 194 Tonga 902.26 million constant LCU compare
- 196 Micronesia (country) 239.36 million constant LCU compare
- 197 Palau 235.29 million constant LCU compare
- 198 Marshall Islands 211.17 million constant 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 16,114 BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 0.1181 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 4.16 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -48.46 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0119 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 30.49 BoP, current US$ per person (2025)
- General government final consumption expenditure (current US$) 8.03 % change on previous year (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 195th out of 198 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.