Gross value added at basic prices (GVA) in Kiribati
Kiribati: Gross value added at basic prices (GVA) was 530.28 million current LCU in 2024. ◆ Volatile
Gross value added at basic prices (GVA) in Kiribati, 1979–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
In 2024, gross value added at basic prices (gva) in Kiribati stood at 530.28 million current LCU. That is the highest value across all 46 years on record.
Compared with earlier readings it is up 18.3% on the previous year and up 145.4% over ten years.
Over the whole period, gross value added at basic prices (gva) in Kiribati peaked at 530.28 million current LCU in 2024 and was at its lowest, 27.88 million current LCU, in 1980.
Kiribati ranks 201st of 206 countries on this measure, in the bottom quarter.
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 | 29.14 million current LCU | 29.14 million current LCU | 29.14 million current LCU | 1 |
| 1980s | 35.49 million current LCU | 27.88 million current LCU | 44.33 million current LCU | 10 |
| 1990s | 85.46 million current LCU | 41.32 million current LCU | 115.41 million current LCU | 10 |
| 2000s | 138.79 million current LCU | 115.70 million current LCU | 169.95 million current LCU | 10 |
| 2010s | 240.21 million current LCU | 172.73 million current LCU | 314.47 million current LCU | 10 |
| 2020s | 414.90 million current LCU | 325.28 million current LCU | 530.28 million current LCU | 5 |
Countries ranked near Kiribati
- 198 Dominica 1.63 billion current LCU compare
- 199 Turks and Caicos Islands 1.44 billion current LCU compare
- 200 Tonga 1.32 billion current LCU compare
- 202 Micronesia (country) 457.34 million current LCU compare
- 203 Palau 281.37 million current LCU compare
- 204 Marshall Islands 278.06 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 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 530.28 million current LCU 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 530.28 million current LCU in 2024.
- What is the lowest gross value added at basic prices (gva) recorded in Kiribati?
- The lowest recorded value was 27.88 million current LCU in 1980.
- How does Kiribati rank for gross value added at basic prices (gva)?
- Kiribati ranks 201st out of 206 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 145.4%. 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 Gross value added at basic prices (GVA) (current LCU). Statizoid updates them automatically from the source API.
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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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.