External balance on goods and services in Kiribati
Kiribati: External balance on goods and services was -484.01 million current LCU in 2024. ◆ Volatile
External balance on goods and services in Kiribati, 1972–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
Kiribati recorded -484.01 million current LCU for external balance on goods and services in 2024. That is the lowest value across all 53 years on record.
The figure is down 16.3% on the previous year and down 171.9% over ten years.
Over the whole period, external balance on goods and services in Kiribati peaked at 16.74 million current LCU in 1975 and was at its lowest, -484.01 million current LCU, in 2024.
That places Kiribati 86th out of 192 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 6.78 million current LCU | 645,000 current LCU | 16.74 million current LCU | 8 |
| 1980s | -17.49 million current LCU | -38.70 million current LCU | -586,431 current LCU | 10 |
| 1990s | -60.69 million current LCU | -80.78 million current LCU | -44.66 million current LCU | 10 |
| 2000s | -113.08 million current LCU | -142.15 million current LCU | -93.63 million current LCU | 10 |
| 2010s | -177.43 million current LCU | -216.74 million current LCU | -112.85 million current LCU | 10 |
| 2020s | -339.82 million current LCU | -484.01 million current LCU | -184.78 million current LCU | 5 |
Countries ranked near Kiribati
- 83 Micronesia (country) -245.00 million current LCU compare
- 84 American Samoa -268.00 million current LCU compare
- 85 Antigua and Barbuda -416.08 million current LCU compare
- 87 United States Virgin Islands -509.00 million current LCU compare
- 88 Northern Mariana Islands -533.00 million current LCU compare
- 89 Samoa -551.78 million current 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 -484.01 million current 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 16.74 million current LCU in 1975.
- What is the lowest external balance on goods and services recorded in Kiribati?
- The lowest recorded value was -484.01 million current LCU in 2024.
- How does Kiribati rank for external balance on goods and services?
- Kiribati ranks 86th out of 192 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 171.9%. 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 External balance on goods and services (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.