Gross value added at basic prices (GVA) in Kiribati
Kiribati: Gross value added at basic prices (GVA) was 530.28 million current LCU in 2024. ◆ Volatile
Gross value added at basic prices (GVA) in Kiribati, 1979–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
In 2024, gross value added at basic prices (gva) in Kiribati stood at 530.28 million current LCU. That is the highest value across all 46 years on record.
Compared with earlier readings it is up 18.3% on the previous year and up 145.4% over ten years.
Over the whole period, gross value added at basic prices (gva) in Kiribati peaked at 530.28 million current LCU in 2024 and was at its lowest, 27.88 million current LCU, in 1980.
Kiribati ranks 202nd of 207 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 value added at basic prices (GVA) in Kiribati, year by year
| Year | current LCU | Change |
|---|---|---|
| 1979 | 29.14 million current LCU | — |
| 1980 | 27.88 million current LCU | -4.3% |
| 1981 | 29.15 million current LCU | +4.6% |
| 1982 | 31.50 million current LCU | +8.1% |
| 1983 | 33.03 million current LCU | +4.9% |
| 1984 | 37.18 million current LCU | +12.6% |
| 1985 | 35.70 million current LCU | -4.0% |
| 1986 | 35.85 million current LCU | +0.4% |
| 1987 | 37.53 million current LCU | +4.7% |
| 1988 | 44.33 million current LCU | +18.1% |
| 1989 | 42.78 million current LCU | -3.5% |
| 1990 | 41.32 million current LCU | -3.4% |
| 1991 | 49.65 million current LCU | +20.2% |
| 1992 | 80.45 million current LCU | +62.0% |
| 1993 | 82.09 million current LCU | +2.0% |
| 1994 | 87.62 million current LCU | +6.7% |
| 1995 | 88.16 million current LCU | +0.6% |
| 1996 | 98.35 million current LCU | +11.6% |
| 1997 | 99.85 million current LCU | +1.5% |
| 1998 | 111.67 million current LCU | +11.8% |
| 1999 | 115.41 million current LCU | +3.4% |
| 2000 | 115.70 million current LCU | +0.3% |
| 2001 | 117.27 million current LCU | +1.4% |
| 2002 | 126.36 million current LCU | +7.7% |
| 2003 | 133.61 million current LCU | +5.7% |
| 2004 | 131.16 million current LCU | -1.8% |
| 2005 | 134.99 million current LCU | +2.9% |
| 2006 | 139.38 million current LCU | +3.3% |
| 2007 | 153.00 million current LCU | +9.8% |
| 2008 | 166.44 million current LCU | +8.8% |
| 2009 | 169.95 million current LCU | +2.1% |
| 2010 | 172.73 million current LCU | +1.6% |
| 2011 | 183.36 million current LCU | +6.2% |
| 2012 | 192.21 million current LCU | +4.8% |
| 2013 | 200.34 million current LCU | +4.2% |
| 2014 | 216.11 million current LCU | +7.9% |
| 2015 | 242.26 million current LCU | +12.1% |
| 2016 | 277.54 million current LCU | +14.6% |
| 2017 | 297.82 million current LCU | +7.3% |
| 2018 | 305.21 million current LCU | +2.5% |
| 2019 | 314.47 million current LCU | +3.0% |
| 2020 | 325.28 million current LCU | +3.4% |
| 2021 | 374.02 million current LCU | +15.0% |
| 2022 | 396.65 million current LCU | +6.1% |
| 2023 | 448.27 million current LCU | +13.0% |
| 2024 | 530.28 million current LCU | +18.3% |
Kiribati compared with similar countries
- Kiribati's 530.28 million current LCU is below the median for lower middle income countries, which is 1.54 trillion current LCU, 0% of the median. (47 countries reporting)
- Kiribati's 530.28 million current LCU is below the median for East Asia & Pacific, which is 504.71 billion current LCU, 0% of the median. (31 countries reporting)
Biggest year-on-year movements
Years where Gross value added at basic prices (GVA) in Kiribati changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1992 | +62.0% | 49.65 million current LCU | 80.45 million current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 29.14 million current LCU | 29.14 million current LCU | 29.14 million current LCU | 1 |
| 1980s | 35.49 million current LCU | 27.88 million current LCU | 44.33 million current LCU | 10 |
| 1990s | 85.46 million current LCU | 41.32 million current LCU | 115.41 million current LCU | 10 |
| 2000s | 138.79 million current LCU | 115.70 million current LCU | 169.95 million current LCU | 10 |
| 2010s | 240.21 million current LCU | 172.73 million current LCU | 314.47 million current LCU | 10 |
| 2020s | 414.90 million current LCU | 325.28 million current LCU | 530.28 million current LCU | 5 |
Countries ranked near Kiribati
- 199 Dominica 1.63 billion current LCU compare
- 200 Turks and Caicos Islands 1.44 billion current LCU compare
- 201 Tonga 1.32 billion current LCU compare
- 203 Micronesia (country) 457.34 million current LCU compare
- 204 Palau 281.37 million current LCU compare
- 205 Marshall Islands 278.06 million current 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 530.28 million current LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross value added at basic prices (gva) recorded in Kiribati?
- The highest recorded value was 530.28 million current LCU in 2024.
- What is the lowest gross value added at basic prices (gva) recorded in Kiribati?
- The lowest recorded value was 27.88 million current LCU in 1980.
- How does Kiribati rank for gross value added at basic prices (gva)?
- Kiribati ranks 202nd out of 207 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 145.4%. 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 Organizations and/or Central Banks, published as part of Gross value added at basic prices (GVA) (current LCU). Statizoid updates them automatically from the source API.
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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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.