Ppp conversion factor for private consumption in Kiribati
Kiribati: Ppp conversion factor for private consumption was 0.9344 in 2024. ▼ Falling
Latest (2024)
0.9344
Change on year
down 0.5%
World rank
160th
of 204 countries
All-time high
1.15
in 2009
All-time low
0.8945
in 2022
Years of data
19
2006–2024
Ppp conversion factor for private consumption in Kiribati, 2006–2024
Source: Our World in Data.
Analysis
In 2024, ppp conversion factor for private consumption in Kiribati stood at 0.9344.
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 in 2009 and was at its lowest, 0.8945, 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 | Value | Change |
|---|---|---|
| 2006 | 0.9428 | — |
| 2007 | 0.9496 | +0.7% |
| 2008 | 1.04 | +9.5% |
| 2009 | 1.15 | +10.2% |
| 2010 | 1.08 | -5.4% |
| 2011 | 1.07 | -1.6% |
| 2012 | 1.01 | -5.0% |
| 2013 | 0.9828 | -2.9% |
| 2014 | 0.9875 | +0.5% |
| 2015 | 0.992 | +0.5% |
| 2016 | 0.9984 | +0.6% |
| 2017 | 0.981 | -1.7% |
| 2018 | 0.9631 | -1.8% |
| 2019 | 0.9288 | -3.6% |
| 2020 | 0.9409 | +1.3% |
| 2021 | 0.9171 | -2.5% |
| 2022 | 0.8945 | -2.5% |
| 2023 | 0.9389 | +5.0% |
| 2024 | 0.9344 | -0.5% |
Kiribati compared with similar countries
- Kiribati's 0.9344 is below the median for lower middle income countries, which is 32.13, 3% of the median. (46 countries reporting)
- Kiribati's 0.9344 is below the median for East Asia & Pacific, which is 2.32, 40% of the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.02 | 0.9428 | 1.15 | 4 |
| 2010s | 0.9995 | 0.9288 | 1.08 | 10 |
| 2020s | 0.9252 | 0.8945 | 0.9409 | 5 |
Countries ranked near Kiribati
- 157 Palau 0.9633 compare
- 158 Marshall Islands 0.9521 compare
- 159 Northern Mariana Islands 0.9375 compare
- 161 Micronesia (country) 0.9267 compare
- 162 Palestine 0.9065 compare
- 163 Ireland 0.904 compare
More economy & growth data for Kiribati
- Real gdp growth, annual growth rate 40.32 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate 4.98 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0577 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 147.57 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.0313 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0421 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 107.75 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is ppp conversion factor for private consumption in Kiribati?
- Ppp conversion factor for private consumption in Kiribati was 0.9344 in 2024, according to Our World in Data.
- What is the highest ppp conversion factor for private consumption recorded in Kiribati?
- The highest recorded value was 1.15 in 2009.
- What is the lowest ppp conversion factor for private consumption recorded in Kiribati?
- The lowest recorded value was 0.8945 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 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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CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (Our World in Data).