External balance on goods and services in Kiribati
Kiribati: External balance on goods and services was -395.63 million constant LCU in 2024. ▼ Falling
External balance on goods and services in Kiribati, 2019–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
In 2024, external balance on goods and services in Kiribati stood at -395.63 million constant LCU. That is the lowest value across all 6 years on record.
That represents a change of down 14.0% on the previous year and down 85.4% over ten years.
Kiribati ranks 66th of 161 countries on this measure, in the middle of the range.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | -213.34 million constant LCU | -213.34 million constant LCU | -213.34 million constant LCU | 1 |
| 2020s | -299.72 million constant LCU | -395.63 million constant LCU | -181.75 million constant LCU | 5 |
Countries ranked near Kiribati
- 63 Bahamas -153.10 million constant LCU compare
- 64 American Samoa -249.00 million constant LCU compare
- 65 Cuba -354.00 million constant LCU compare
- 67 Sierra Leone -425.93 million constant LCU compare
- 68 Tonga -470.86 million constant LCU compare
- 69 Northern Mariana Islands -520.00 million constant LCU compare
More economy & growth data for Kiribati
- Exports of goods and services 23.48 million current LCU (2024)
- Industry (including construction), value added 47.82 million constant LCU (2024)
- Gross national expenditure 661.40 million current US$ (2024)
- Gross national expenditure 1.00 billion current LCU (2024)
- Gross national expenditure 563.70 million constant 2015 US$ (2024)
- Industry (including construction), value added 21.1% (2024)
- Gross national expenditure 192.7% (2024)
- Exports of goods and services 15.50 million current US$ (2024)
- Gross fixed capital formation 99.64 million current US$ (2024)
- Exports of goods and services 4.5% (2024)
Frequently asked questions
- What is external balance on goods and services in Kiribati?
- External balance on goods and services in Kiribati was -395.63 million constant LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in Kiribati?
- The highest recorded value was -181.75 million constant LCU in 2020.
- What is the lowest external balance on goods and services recorded in Kiribati?
- The lowest recorded value was -395.63 million constant LCU in 2024.
- How does Kiribati rank for external balance on goods and services?
- Kiribati ranks 66th out of 161 countries with data for 2024.
- Is external balance on goods and services rising or falling in Kiribati?
- Over the last ten years it is down 85.4%. The long-run trend across the full record is falling.
- 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 External balance on goods and services (constant LCU). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.