Services, value added (current LCU), annual growth rate in Kiribati
Kiribati: Services, value added (current LCU), annual growth rate was 23.74 % change on previous year in 2024. ◆ Volatile
Services, value added (current LCU), annual growth rate in Kiribati, 1980–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, services, value added (current lcu), annual growth rate in Kiribati stood at 23.74 % change on previous year. That is the highest value across all 45 years on record.
That represents a change of up 45.6% on the previous year and up 275.0% over ten years.
Over the whole period, services, value added (current lcu), annual growth rate in Kiribati peaked at 23.74 % change on previous year in 2024 and was at its lowest, -2.04 % change on previous year, in 1983.
Kiribati ranks 14th of 204 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added (current LCU), annual growth rate in Kiribati, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1980 | 5.38 % change on previous year | — |
| 1981 | 6.1 % change on previous year | +13.2% |
| 1982 | 15.13 % change on previous year | +148.2% |
| 1983 | -2.04 % change on previous year | -113.5% |
| 1984 | 2.12 % change on previous year | -204.4% |
| 1985 | 7.17 % change on previous year | +237.5% |
| 1986 | 7.09 % change on previous year | -1.2% |
| 1987 | 4.08 % change on previous year | -42.5% |
| 1988 | 7.9 % change on previous year | +93.8% |
| 1989 | 3.03 % change on previous year | -61.6% |
| 1990 | 3.94 % change on previous year | +29.9% |
| 1991 | 12.21 % change on previous year | +209.7% |
| 1992 | 10.1 % change on previous year | -17.2% |
| 1993 | 3.27 % change on previous year | -67.6% |
| 1994 | 10.52 % change on previous year | +221.3% |
| 1995 | 2.61 % change on previous year | -75.2% |
| 1996 | 18.12 % change on previous year | +594.6% |
| 1997 | 4.24 % change on previous year | -76.6% |
| 1998 | 12.05 % change on previous year | +184.6% |
| 1999 | 4.25 % change on previous year | -64.7% |
| 2000 | 6.68 % change on previous year | +57.2% |
| 2001 | 1.23 % change on previous year | -81.5% |
| 2002 | 9.61 % change on previous year | +678.1% |
| 2003 | 6.75 % change on previous year | -29.7% |
| 2004 | 0.9382 % change on previous year | -86.1% |
| 2005 | 7.7 % change on previous year | +721.1% |
| 2006 | 1.47 % change on previous year | -80.9% |
| 2007 | 4.56 % change on previous year | +209.5% |
| 2008 | 7.58 % change on previous year | +66.2% |
| 2009 | 0.0779 % change on previous year | -99.0% |
| 2010 | 2.61 % change on previous year | +3247.4% |
| 2011 | 1.58 % change on previous year | -39.3% |
| 2012 | 4.8 % change on previous year | +203.3% |
| 2013 | 4.56 % change on previous year | -5.0% |
| 2014 | 6.33 % change on previous year | +38.8% |
| 2015 | 14.23 % change on previous year | +124.7% |
| 2016 | 9.95 % change on previous year | -30.1% |
| 2017 | 6.7 % change on previous year | -32.7% |
| 2018 | 8.92 % change on previous year | +33.2% |
| 2019 | 6.68 % change on previous year | -25.1% |
| 2020 | 2.14 % change on previous year | -67.9% |
| 2021 | 14.25 % change on previous year | +564.8% |
| 2022 | 4.12 % change on previous year | -71.1% |
| 2023 | 16.31 % change on previous year | +295.8% |
| 2024 | 23.74 % change on previous year | +45.6% |
Kiribati compared with similar countries
- Kiribati's 23.74 % change on previous year is above the median for lower middle income countries, which is 10.26 % change on previous year, 2.3× the median. (47 countries reporting)
- Kiribati's 23.74 % change on previous year is above the median for East Asia & Pacific, which is 6.99 % change on previous year, 3.4× the median. (31 countries reporting)
Biggest year-on-year movements
Years where Services, value added (current LCU), annual growth rate 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 |
|---|---|---|---|
| 2010 | +3247.4% | 0.0779 % change on previous year | 2.61 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 5.6 % change on previous year | -2.04 % change on previous year | 15.13 % change on previous year | 10 |
| 1990s | 8.13 % change on previous year | 2.61 % change on previous year | 18.12 % change on previous year | 10 |
| 2000s | 4.66 % change on previous year | 0.0779 % change on previous year | 9.61 % change on previous year | 10 |
| 2010s | 6.64 % change on previous year | 1.58 % change on previous year | 14.23 % change on previous year | 10 |
| 2020s | 12.11 % change on previous year | 2.14 % change on previous year | 23.74 % change on previous year | 5 |
Countries ranked near Kiribati
- 11 Nigeria 28.36 % change on previous year compare
- 12 Egypt 26.14 % change on previous year compare
- 13 Ethiopia 25.02 % change on previous year compare
- 15 Tajikistan 23.22 % change on previous year compare
- 16 Kyrgyzstan 22.17 % change on previous year compare
- 17 Uzbekistan 20.89 % change on previous year 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)
- 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)
- IMF holdings of currency, US dollar, per unit of GDP 0.0384 units per US$ of GDP (2025)
Frequently asked questions
- What is services, value added (current lcu), annual growth rate in Kiribati?
- Services, value added (current lcu), annual growth rate in Kiribati was 23.74 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest services, value added (current lcu), annual growth rate recorded in Kiribati?
- The highest recorded value was 23.74 % change on previous year in 2024.
- What is the lowest services, value added (current lcu), annual growth rate recorded in Kiribati?
- The lowest recorded value was -2.04 % change on previous year in 1983.
- How does Kiribati rank for services, value added (current lcu), annual growth rate?
- Kiribati ranks 14th out of 204 countries with data for 2024.
- Is services, value added (current lcu), annual growth rate rising or falling in Kiribati?
- Over the last ten years it is up 275.0%. The long-run trend across the full record is volatile.
- Where does this Kiribati data come from?
- The figures come from Statizoid (derived), published as part of Services, value added (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 45 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Services, value added (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Services, value added Country official statistics, National Statistical Offices (NSOs)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Services, value added (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.