Net acquisition of financial assets in Kiribati
Kiribati: Net acquisition of financial assets was -19.05 million current LCU in 2023. ◆ Volatile
Net acquisition of financial assets in Kiribati, 2011–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Kiribati recorded -19.05 million current LCU for net acquisition of financial assets in 2023.
The figure is up 54.0% on the previous year and down 197.3% over ten years.
Over the whole period, net acquisition of financial assets in Kiribati peaked at 134.80 million current LCU in 2018 and was at its lowest, -41.39 million current LCU, in 2022.
Kiribati ranks 99th of 134 countries on this measure, 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 |
|---|---|---|---|---|
| 2010s | 55.20 million current LCU | -10.58 million current LCU | 134.80 million current LCU | 9 |
| 2020s | 905,450 current LCU | -41.39 million current LCU | 76.03 million current LCU | 4 |
Countries ranked near Kiribati
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 net acquisition of financial assets in Kiribati?
- Net acquisition of financial assets in Kiribati was -19.05 million current LCU in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net acquisition of financial assets recorded in Kiribati?
- The highest recorded value was 134.80 million current LCU in 2018.
- What is the lowest net acquisition of financial assets recorded in Kiribati?
- The lowest recorded value was -41.39 million current LCU in 2022.
- How does Kiribati rank for net acquisition of financial assets?
- Kiribati ranks 99th out of 134 countries with data for 2023.
- Is net acquisition of financial assets rising or falling in Kiribati?
- Over the last ten years it is down 197.3%. The long-run trend across the full record is volatile.
- 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 Net acquisition of financial assets (current LCU). Statizoid updates them automatically from the source API.
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About this data
Net acquisition of government financial assets includes domestic and foreign financial claims, SDRs, and gold bullion held by monetary authorities as a reserve asset. The net acquisition of financial assets should be offset by the net incurrence of liabilities. 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.