Net lending (+) / net borrowing (-) in Kiribati
Kiribati: Net lending (+) / net borrowing (-) was -6.29 million current LCU in 2023. ◆ Volatile
Net lending (+) / net borrowing (-) in Kiribati, 2011–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for net lending (+) / net borrowing (-) in Kiribati is -6.29 million current LCU, measured in 2023.
That represents a change of up 84.0% on the previous year and down 116.0% over ten years.
Over the whole period, net lending (+) / net borrowing (-) in Kiribati peaked at 135.70 million current LCU in 2018 and was at its lowest, -39.42 million current LCU, in 2022.
That places Kiribati 40th out of 156 countries with data for 2023, 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 |
|---|---|---|---|---|
| 2010s | 59.03 million current LCU | -12.58 million current LCU | 135.70 million current LCU | 9 |
| 2020s | 5.75 million current LCU | -39.42 million current LCU | 79.44 million current LCU | 4 |
Countries ranked near Kiribati
- 37 Marshall Islands 12.17 million current LCU compare
- 38 Zimbabwe -1.01 million current LCU compare
- 39 San Marino -2.94 million current LCU compare
- 41 Ecuador -7.22 million current LCU compare
- 42 Palau -24.64 million current LCU compare
- 43 Saint Vincent and the Grenadines -35.14 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 net lending (+) / net borrowing (-) in Kiribati?
- Net lending (+) / net borrowing (-) in Kiribati was -6.29 million current LCU in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net lending (+) / net borrowing (-) recorded in Kiribati?
- The highest recorded value was 135.70 million current LCU in 2018.
- What is the lowest net lending (+) / net borrowing (-) recorded in Kiribati?
- The lowest recorded value was -39.42 million current LCU in 2022.
- How does Kiribati rank for net lending (+) / net borrowing (-)?
- Kiribati ranks 40th out of 156 countries with data for 2023.
- Is net lending (+) / net borrowing (-) rising or falling in Kiribati?
- Over the last ten years it is down 116.0%. 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 lending (+) / net borrowing (-) (current LCU). Statizoid updates them automatically from the source API.
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About this data
Net lending (+) / net borrowing (–) equals government revenue minus expense, minus net investment in nonfinancial assets. It is also equal to the net result of transactions in financial assets and liabilities. Net lending/net borrowing is a summary measure indicating the extent to which government is either putting financial resources at the disposal of other sectors in the economy or abroad, or utilizing the financial resources generated by other sectors in the economy or from abroad. 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.