Services, value added in Kiribati
Kiribati: Services, value added was 260.63 million constant LCU in 2024. ▲ Rising
Services, value added in Kiribati, 1979–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
The most recent figure for services, value added in Kiribati is 260.63 million constant LCU, measured in 2024. That is the highest value across all 46 years on record.
Compared with earlier readings it is up 6.2% on the previous year and up 77.6% over ten years.
Over the whole period, services, value added in Kiribati peaked at 260.63 million constant LCU in 2024 and was at its lowest, 78.51 million constant LCU, in 1979.
Kiribati ranks 195th of 198 countries on this measure, 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 | 78.51 million constant LCU | 78.51 million constant LCU | 78.51 million constant LCU | 1 |
| 1980s | 87.09 million constant LCU | 82.99 million constant LCU | 92.13 million constant LCU | 10 |
| 1990s | 99.45 million constant LCU | 93.67 million constant LCU | 107.88 million constant LCU | 10 |
| 2000s | 120.14 million constant LCU | 111.51 million constant LCU | 129.32 million constant LCU | 10 |
| 2010s | 161.17 million constant LCU | 130.91 million constant LCU | 208.99 million constant LCU | 10 |
| 2020s | 231.80 million constant LCU | 205.21 million constant LCU | 260.63 million constant LCU | 5 |
Countries ranked near Kiribati
- 192 Dominica 1.03 billion constant LCU compare
- 193 San Marino 805.90 million constant LCU compare
- 194 Tonga 528.25 million constant LCU compare
- 196 Palau 203.63 million constant LCU compare
- 197 Micronesia (country) 172.59 million constant LCU compare
- 198 Marshall Islands 142.71 million constant 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 services, value added in Kiribati?
- Services, value added in Kiribati was 260.63 million constant LCU 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 260.63 million constant LCU in 2024.
- What is the lowest services, value added recorded in Kiribati?
- The lowest recorded value was 78.51 million constant LCU in 1979.
- How does Kiribati rank for services, value added?
- Kiribati ranks 195th out of 198 countries with data for 2024.
- Is services, value added rising or falling in Kiribati?
- Over the last ten years it is up 77.6%. 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 Offices (NSOs), published as part of Services, value added (constant LCU). 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
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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.