Taxes less subsidies on products in Kiribati
Kiribati: Taxes less subsidies on products was -10.45 million current LCU in 2024. ◆ Volatile
Latest (2024)
-10.45 million current LCU
Change on year
down 8.5%
World rank
192nd
of 197 countries
All-time high
14.58 million current LCU
in 2003
All-time low
-10.45 million current LCU
in 2024
Years of data
46
1979–2024
Taxes less subsidies on products in Kiribati, 1979–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
The most recent figure for taxes less subsidies on products in Kiribati is -10.45 million current LCU, measured in 2024. That is the lowest value across all 46 years on record.
The figure is down 8.5% on the previous year and down 271.9% over ten years.
Over the whole period, taxes less subsidies on products in Kiribati peaked at 14.58 million current LCU in 2003 and was at its lowest, -10.45 million current LCU, in 2024.
That places Kiribati 192nd out of 197 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes less subsidies on products in Kiribati, year by year
| Year | current LCU | Change |
|---|---|---|
| 1979 | 1.70 million current LCU | — |
| 1980 | 1.25 million current LCU | -26.7% |
| 1981 | 1.54 million current LCU | +23.9% |
| 1982 | 783,000 current LCU | -49.2% |
| 1983 | 1.39 million current LCU | +77.0% |
| 1984 | 2.02 million current LCU | +45.5% |
| 1985 | 1.72 million current LCU | -14.9% |
| 1986 | 3.04 million current LCU | +77.2% |
| 1987 | 4.68 million current LCU | +53.9% |
| 1988 | 4.66 million current LCU | -0.3% |
| 1989 | 4.82 million current LCU | +3.4% |
| 1990 | 5.49 million current LCU | +13.8% |
| 1991 | 3.30 million current LCU | -39.8% |
| 1992 | 3.28 million current LCU | -0.6% |
| 1993 | 4.61 million current LCU | +40.3% |
| 1994 | 4.09 million current LCU | -11.2% |
| 1995 | 4.38 million current LCU | +7.1% |
| 1996 | 5.74 million current LCU | +31.0% |
| 1997 | 8.21 million current LCU | +43.1% |
| 1998 | 7.57 million current LCU | -7.8% |
| 1999 | 4.44 million current LCU | -41.4% |
| 2000 | 13.51 million current LCU | +204.3% |
| 2001 | 8.28 million current LCU | -38.7% |
| 2002 | 11.21 million current LCU | +35.4% |
| 2003 | 14.58 million current LCU | +30.0% |
| 2004 | 10.37 million current LCU | -28.9% |
| 2005 | 14.16 million current LCU | +36.5% |
| 2006 | 9.80 million current LCU | -30.8% |
| 2007 | 11.99 million current LCU | +22.3% |
| 2008 | 8.84 million current LCU | -26.3% |
| 2009 | 9.79 million current LCU | +10.8% |
| 2010 | 7.65 million current LCU | -21.9% |
| 2011 | 6.62 million current LCU | -13.4% |
| 2012 | 7.71 million current LCU | +16.4% |
| 2013 | 8.62 million current LCU | +11.8% |
| 2014 | 6.08 million current LCU | -29.5% |
| 2015 | 12.72 million current LCU | +109.2% |
| 2016 | 205,000 current LCU | -98.4% |
| 2017 | -7.02 million current LCU | -3525.9% |
| 2018 | 7.33 million current LCU | -204.3% |
| 2019 | -2.33 million current LCU | -131.8% |
| 2020 | -4.29 million current LCU | +84.0% |
| 2021 | 5.73 million current LCU | -233.4% |
| 2022 | -5.71 million current LCU | -199.7% |
| 2023 | -9.63 million current LCU | +68.6% |
| 2024 | -10.45 million current LCU | +8.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.70 million current LCU | 1.70 million current LCU | 1.70 million current LCU | 1 |
| 1980s | 2.59 million current LCU | 783,000 current LCU | 4.82 million current LCU | 10 |
| 1990s | 5.11 million current LCU | 3.28 million current LCU | 8.21 million current LCU | 10 |
| 2000s | 11.25 million current LCU | 8.28 million current LCU | 14.58 million current LCU | 10 |
| 2010s | 4.76 million current LCU | -7.02 million current LCU | 12.72 million current LCU | 10 |
| 2020s | -4.87 million current LCU | -10.45 million current LCU | 5.73 million current LCU | 5 |
Countries ranked near Kiribati
- 189 Marshall Islands 12.05 million current LCU compare
- 190 Tuvalu 7.48 million current LCU compare
- 191 Venezuela, Bolivarian Republic of 0 current LCU compare
- 193 Timor-Leste -34.79 million current LCU compare
- 194 Oman -228.64 million current LCU compare
- 195 Brunei Darussalam -279.94 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)
- Gross value added at basic prices (GVA) (current US$), annual growth 17.5 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 1.02 current US$ per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current US$), per capita 2,601 current US$ per person (2024)
- Gross value added at basic prices (GVA) (current LCU), annual growth 18.3 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 1.55 current LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current LCU), per capita 3,942 current LCU per person (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 5.96 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.7964 constant 2015 US$ per US$ of GDP (2024)
Frequently asked questions
- What is taxes less subsidies on products in Kiribati?
- Taxes less subsidies on products in Kiribati was -10.45 million current LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest taxes less subsidies on products recorded in Kiribati?
- The highest recorded value was 14.58 million current LCU in 2003.
- What is the lowest taxes less subsidies on products recorded in Kiribati?
- The lowest recorded value was -10.45 million current LCU in 2024.
- How does Kiribati rank for taxes less subsidies on products?
- Kiribati ranks 192nd out of 197 countries with data for 2024.
- Is taxes less subsidies on products rising or falling in Kiribati?
- Over the last ten years it is down 271.9%. 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 Taxes less subsidies on products (current 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
Taxes less subsidies on products are taxes payable per unit of a good or service. 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.