Goods and services expense in Kiribati
Kiribati: Goods and services expense was 107.94 million current LCU in 2023. ▲ Rising
Goods and services expense in Kiribati, 2011–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2023, goods and services expense in Kiribati stood at 107.94 million current LCU. That is the highest value across all 13 years on record.
That represents a change of up 26.2% on the previous year and up 120.4% over ten years.
Over the whole period, goods and services expense in Kiribati peaked at 107.94 million current LCU in 2023 and was at its lowest, 40.29 million current LCU, in 2011.
Kiribati ranks 149th of 155 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 13 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 57.93 million current LCU | 40.29 million current LCU | 80.77 million current LCU | 9 |
| 2020s | 90.49 million current LCU | 83.76 million current LCU | 107.94 million current LCU | 4 |
Countries ranked near Kiribati
- 146 Saint Kitts and Nevis 180.80 million current LCU compare
- 147 San Marino 176.37 million current LCU compare
- 148 Andorra 136.86 million current LCU compare
- 150 Saint Vincent and the Grenadines 78.14 million current LCU compare
- 151 Nauru 76.28 million current LCU compare
- 152 Marshall Islands 37.19 million current LCU compare
More public sector data for Kiribati
- Tax revenue 17.5% (2023)
- Taxes on income, profits and capital gains 7.4% (2023)
- Taxes on goods and services 11.8% (2023)
- Net investment in nonfinancial assets 7.1% (2023)
- Net lending (+) / net borrowing (-) -1.4% (2023)
- Interest payments 0.7% (2023)
- Grants and other revenue 80.4% (2023)
- Interest payments 0.8% (2023)
- Compensation of employees 31.4% (2023)
- Goods and services expense 29.4% (2023)
Frequently asked questions
- What is goods and services expense in Kiribati?
- Goods and services expense in Kiribati was 107.94 million current LCU in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Kiribati?
- The highest recorded value was 107.94 million current LCU in 2023.
- What is the lowest goods and services expense recorded in Kiribati?
- The lowest recorded value was 40.29 million current LCU in 2011.
- How does Kiribati rank for goods and services expense?
- Kiribati ranks 149th out of 155 countries with data for 2023.
- Is goods and services expense rising or falling in Kiribati?
- Over the last ten years it is up 120.4%. The long-run trend across the full record is rising.
- Where does this Kiribati data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Goods and services expense (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 13 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for account capital formation is excluded. 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.