Taxes less subsidies on products (current LCU) in Kiribati
Kiribati: Taxes less subsidies on products (current LCU) was -10.45 million current LCU in 2024. ◆ Volatile
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 194th out of 199 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 (current LCU) 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% |
Kiribati compared with similar countries
- Kiribati's -10.45 million current LCU is below the median for lower middle income countries, which is 101.04 billion current LCU. (46 countries reporting)
- Kiribati's -10.45 million current LCU is below the median for East Asia & Pacific, which is 20.94 billion current LCU. (28 countries reporting)
Biggest year-on-year movements
Years where Taxes less subsidies on products (current LCU) 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 |
|---|---|---|---|
| 2017 | -3525.9% | 205,000 current LCU | -7.02 million current LCU |
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
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 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 194th out of 199 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.