Subsidies and other transfers in Kiribati
Kiribati: Subsidies and other transfers was 130.47 million current LCU in 2023. ◆ Volatile
Subsidies and other transfers in Kiribati, 2011–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Kiribati recorded 130.47 million current LCU for subsidies and other transfers in 2023. That is the highest value across all 13 years on record.
The figure is up 14.5% on the previous year and up 555.1% over ten years.
Over the whole period, subsidies and other transfers in Kiribati peaked at 130.47 million current LCU in 2023 and was at its lowest, 15.99 million current LCU, in 2011.
That places Kiribati 145th out of 153 countries with data for 2023, putting it 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 |
|---|---|---|---|---|
| 2010s | 28.39 million current LCU | 15.99 million current LCU | 48.06 million current LCU | 9 |
| 2020s | 108.01 million current LCU | 70.31 million current LCU | 130.47 million current LCU | 4 |
Countries ranked near Kiribati
- 142 Saint Lucia 228.51 million current LCU compare
- 143 Saint Kitts and Nevis 210.90 million current LCU compare
- 144 Saint Vincent and the Grenadines 132.30 million current LCU compare
- 146 Nauru 66.69 million current LCU compare
- 147 Belize 52.11 million current LCU compare
- 148 Tonga 51.31 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 subsidies and other transfers in Kiribati?
- Subsidies and other transfers in Kiribati was 130.47 million current LCU in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest subsidies and other transfers recorded in Kiribati?
- The highest recorded value was 130.47 million current LCU in 2023.
- What is the lowest subsidies and other transfers recorded in Kiribati?
- The lowest recorded value was 15.99 million current LCU in 2011.
- How does Kiribati rank for subsidies and other transfers?
- Kiribati ranks 145th out of 153 countries with data for 2023.
- Is subsidies and other transfers rising or falling in Kiribati?
- Over the last ten years it is up 555.1%. 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 Subsidies and other transfers (current LCU). Statizoid updates them automatically from the source API.
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About this data
Subsidies are current unrequited payments that government units, including nonresident government units, make to enterprises on the basis of the levels of their production activities or the quantities or values of the goods or services that they produce, sell, export or import. 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.