External balance on goods and services in Kiribati
Kiribati: External balance on goods and services was -319.40 million current US$ 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 US$.
Analysis
Kiribati recorded -319.40 million current US$ for external balance on goods and services in 2024. That is the lowest value across all 53 years on record.
That represents a change of down 15.6% on the previous year and down 99.0% over ten years.
Over the whole period, external balance on goods and services in Kiribati peaked at 39.05 million current US$ in 1974 and was at its lowest, -319.40 million current US$, in 2024.
That places Kiribati 95th out of 192 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 10.76 million current US$ | 720,960 current US$ | 39.05 million current US$ | 8 |
| 1980s | -14.45 million current US$ | -29.61 million current US$ | -667,731 current US$ | 10 |
| 1990s | -43.67 million current US$ | -52.23 million current US$ | -34.47 million current US$ | 10 |
| 2000s | -79.75 million current US$ | -108.55 million current US$ | -51.71 million current US$ | 10 |
| 2010s | -147.65 million current US$ | -165.04 million current US$ | -103.52 million current US$ | 10 |
| 2020s | -232.74 million current US$ | -319.40 million current US$ | -127.16 million current US$ | 5 |
Countries ranked near Kiribati
- 92 Tonga -283.48 million current US$ compare
- 93 Vanuatu -294.46 million current US$ compare
- 94 Seychelles -311.50 million current US$ compare
- 96 Guinea-Bissau -332.34 million current US$ compare
- 97 Greenland -342.39 million current US$ compare
- 98 Cape Verde -347.73 million current US$ 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 -319.40 million current US$ 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 39.05 million current US$ in 1974.
- What is the lowest external balance on goods and services recorded in Kiribati?
- The lowest recorded value was -319.40 million current US$ in 2024.
- How does Kiribati rank for external balance on goods and services?
- Kiribati ranks 95th 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 99.0%. 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 US$). 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 indicator is expressed in United States dollars.