Services, value added in Kiribati
Kiribati: Services, value added was 6.2% in 2024. ◆ Volatile
Services, value added in Kiribati, 1980–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
Kiribati recorded 6.2% for services, value added in 2024.
The figure is up 18.6% on the previous year and up 203.8% over ten years.
Over the whole period, services, value added in Kiribati peaked at 10.0% in 1980 and was at its lowest, -6.7%, in 1983.
That places Kiribati 32nd out of 197 countries with data for 2024, putting it in the top 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 |
|---|---|---|---|---|
| 1980s | 1.6% | -6.7% | 10.0% | 10 |
| 1990s | 1.7% | -1.9% | 7.2% | 10 |
| 2000s | 1.9% | -0.7% | 5.9% | 10 |
| 2010s | 5.0% | 1.2% | 8.5% | 10 |
| 2020s | 4.6% | -1.8% | 8.6% | 5 |
Countries ranked near Kiribati
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 services, value added in Kiribati?
- Services, value added in Kiribati was 6.2% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Kiribati?
- The highest recorded value was 10.0% in 1980.
- What is the lowest services, value added recorded in Kiribati?
- The lowest recorded value was -6.7% in 1983.
- How does Kiribati rank for services, value added?
- Kiribati ranks 32nd out of 197 countries with data for 2024.
- Is services, value added rising or falling in Kiribati?
- Over the last ten years it is up 203.8%. 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 Offices (NSOs), published as part of Services, value added (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.