PPP conversion factor for private consumption in Kiribati
Kiribati: PPP conversion factor for private consumption was 0.9344 LCU per international $ in 2024. ▼ Falling
Latest (2024)
0.9344 LCU per international $
Change on year
down 0.5%
World rank
160th
of 204 countries
All-time high
1.15 LCU per international $
in 2009
All-time low
0.8945 LCU per international $
in 2022
Years of data
19
2006–2024
PPP conversion factor for private consumption in Kiribati, 2006–2024
Source: ICP, Eurostat PPP Programme, and OECD PPP Programme, via World Bank (2026) – processed by Our World in Data. Measured in LCU per international $.
Analysis
In 2024, ppp conversion factor for private consumption in Kiribati stood at 0.9344 LCU per international $.
Compared with earlier readings it is down 0.5% on the previous year and down 5.4% over ten years.
Over the whole period, ppp conversion factor for private consumption in Kiribati peaked at 1.15 LCU per international $ in 2009 and was at its lowest, 0.8945 LCU per international $, in 2022.
That places Kiribati 160th out of 204 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 19 years of available data.
PPP conversion factor for private consumption in Kiribati, year by year
| Year | LCU per international $ | Change |
|---|---|---|
| 2006 | 0.9428 LCU per international $ | — |
| 2007 | 0.9496 LCU per international $ | +0.7% |
| 2008 | 1.04 LCU per international $ | +9.5% |
| 2009 | 1.15 LCU per international $ | +10.2% |
| 2010 | 1.08 LCU per international $ | -5.4% |
| 2011 | 1.07 LCU per international $ | -1.6% |
| 2012 | 1.01 LCU per international $ | -5.0% |
| 2013 | 0.9828 LCU per international $ | -2.9% |
| 2014 | 0.9875 LCU per international $ | +0.5% |
| 2015 | 0.992 LCU per international $ | +0.5% |
| 2016 | 0.9984 LCU per international $ | +0.6% |
| 2017 | 0.981 LCU per international $ | -1.7% |
| 2018 | 0.9631 LCU per international $ | -1.8% |
| 2019 | 0.9288 LCU per international $ | -3.6% |
| 2020 | 0.9409 LCU per international $ | +1.3% |
| 2021 | 0.9171 LCU per international $ | -2.5% |
| 2022 | 0.8945 LCU per international $ | -2.5% |
| 2023 | 0.9389 LCU per international $ | +5.0% |
| 2024 | 0.9344 LCU per international $ | -0.5% |
Kiribati compared with similar countries
- Kiribati's 0.9344 LCU per international $ is below the median for lower middle income countries, which is 32.13 LCU per international $, 3% of the median. (46 countries reporting)
- Kiribati's 0.9344 LCU per international $ is below the median for East Asia & Pacific, which is 2.32 LCU per international $, 40% of the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.02 LCU per international $ | 0.9428 LCU per international $ | 1.15 LCU per international $ | 4 |
| 2010s | 0.9995 LCU per international $ | 0.9288 LCU per international $ | 1.08 LCU per international $ | 10 |
| 2020s | 0.9252 LCU per international $ | 0.8945 LCU per international $ | 0.9409 LCU per international $ | 5 |
Countries ranked near Kiribati
- 157 Palau 0.9633 LCU per international $ compare
- 158 Marshall Islands 0.9521 LCU per international $ compare
- 159 Northern Mariana Islands 0.9375 LCU per international $ compare
- 161 Micronesia (country) 0.9267 LCU per international $ compare
- 162 Palestine 0.9065 LCU per international $ compare
- 163 Ireland 0.904 LCU per international $ 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 ppp conversion factor for private consumption in Kiribati?
- Ppp conversion factor for private consumption in Kiribati was 0.9344 LCU per international $ in 2024, according to ICP, Eurostat PPP Programme, and OECD PPP Programme, via World Bank (2026) – processed by Our World in Data.
- What is the highest ppp conversion factor for private consumption recorded in Kiribati?
- The highest recorded value was 1.15 LCU per international $ in 2009.
- What is the lowest ppp conversion factor for private consumption recorded in Kiribati?
- The lowest recorded value was 0.8945 LCU per international $ in 2022.
- How does Kiribati rank for ppp conversion factor for private consumption?
- Kiribati ranks 160th out of 204 countries with data for 2024.
- Is ppp conversion factor for private consumption rising or falling in Kiribati?
- Over the last ten years it is down 5.4%. The long-run trend across the full record is falling.
- Where does this Kiribati data come from?
- The figures come from ICP, Eurostat PPP Programme, and OECD PPP Programme, via World Bank (2026) – processed by Our World in Data, published as part of PPP conversion factor for private consumption. Statizoid updates them automatically from the source API.
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