Gross value added at basic prices (GVA) in Kiribati
Kiribati: Gross value added at basic prices (GVA) was 273.29 million constant 2015 US$ in 2024. ▲ Rising
Gross value added at basic prices (GVA) in Kiribati, 1979–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
In 2024, gross value added at basic prices (gva) in Kiribati stood at 273.29 million constant 2015 US$. That is the highest value across all 46 years on record.
The figure is up 6.0% on the previous year and up 58.5% over ten years.
Over the whole period, gross value added at basic prices (gva) in Kiribati peaked at 273.29 million constant 2015 US$ in 2024 and was at its lowest, 90.02 million constant 2015 US$, in 1987.
That places Kiribati 191st out of 193 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 46 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 101.68 million constant 2015 US$ | 101.68 million constant 2015 US$ | 101.68 million constant 2015 US$ | 1 |
| 1980s | 101.70 million constant 2015 US$ | 90.02 million constant 2015 US$ | 111.74 million constant 2015 US$ | 10 |
| 1990s | 124.80 million constant 2015 US$ | 95.44 million constant 2015 US$ | 137.76 million constant 2015 US$ | 10 |
| 2000s | 135.92 million constant 2015 US$ | 128.62 million constant 2015 US$ | 143.76 million constant 2015 US$ | 10 |
| 2010s | 182.50 million constant 2015 US$ | 140.40 million constant 2015 US$ | 227.24 million constant 2015 US$ | 10 |
| 2020s | 248.66 million constant 2015 US$ | 225.67 million constant 2015 US$ | 273.29 million constant 2015 US$ | 5 |
Countries ranked near Kiribati
- 188 Tonga 427.12 million constant 2015 US$ compare
- 189 Micronesia (country) 309.56 million constant 2015 US$ compare
- 190 Sao Tome and Principe 304.84 million constant 2015 US$ compare
- 192 Palau 233.52 million constant 2015 US$ compare
- 193 Marshall Islands 211.17 million constant 2015 US$ compare
More economy & growth data for Kiribati
- Exports of goods and services 23.48 million current LCU (2024)
- Industry (including construction), value added 21.1% (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 36.02 million constant 2015 US$ (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 gross value added at basic prices (gva) in Kiribati?
- Gross value added at basic prices (gva) in Kiribati was 273.29 million constant 2015 US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross value added at basic prices (gva) recorded in Kiribati?
- The highest recorded value was 273.29 million constant 2015 US$ in 2024.
- What is the lowest gross value added at basic prices (gva) recorded in Kiribati?
- The lowest recorded value was 90.02 million constant 2015 US$ in 1987.
- How does Kiribati rank for gross value added at basic prices (gva)?
- Kiribati ranks 191st out of 193 countries with data for 2024.
- Is gross value added at basic prices (gva) rising or falling in Kiribati?
- Over the last ten years it is up 58.5%. The long-run trend across the full record is rising.
- 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 Gross value added at basic prices (GVA) (constant 2015 US$). 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
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. 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 is 2015. This indicator is expressed in United States dollars.