Taxes less subsidies on products in Kiribati
Kiribati: Taxes less subsidies on products was -10.45 million current LCU in 2024. ◆ Volatile
Taxes less subsidies on products in Kiribati, 1979–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
The most recent figure for taxes less subsidies on products in Kiribati is -10.45 million current LCU, measured in 2024. That is the lowest value across all 46 years on record.
The figure is down 8.5% on the previous year and down 271.9% over ten years.
Over the whole period, taxes less subsidies on products in Kiribati peaked at 14.58 million current LCU in 2003 and was at its lowest, -10.45 million current LCU, in 2024.
That places Kiribati 193rd out of 198 countries with data for 2024, 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 |
|---|---|---|---|---|
| 1970s | 1.70 million current LCU | 1.70 million current LCU | 1.70 million current LCU | 1 |
| 1980s | 2.59 million current LCU | 783,000 current LCU | 4.82 million current LCU | 10 |
| 1990s | 5.11 million current LCU | 3.28 million current LCU | 8.21 million current LCU | 10 |
| 2000s | 11.25 million current LCU | 8.28 million current LCU | 14.58 million current LCU | 10 |
| 2010s | 4.76 million current LCU | -7.02 million current LCU | 12.72 million current LCU | 10 |
| 2020s | -4.87 million current LCU | -10.45 million current LCU | 5.73 million current LCU | 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 taxes less subsidies on products in Kiribati?
- Taxes less subsidies on products in Kiribati was -10.45 million current LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest taxes less subsidies on products recorded in Kiribati?
- The highest recorded value was 14.58 million current LCU in 2003.
- What is the lowest taxes less subsidies on products recorded in Kiribati?
- The lowest recorded value was -10.45 million current LCU in 2024.
- How does Kiribati rank for taxes less subsidies on products?
- Kiribati ranks 193rd out of 198 countries with data for 2024.
- Is taxes less subsidies on products rising or falling in Kiribati?
- Over the last ten years it is down 271.9%. 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 Organizations and/or Central Banks, published as part of Taxes less subsidies on products (current LCU). Statizoid updates them automatically from the source API.
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CSV · JSON — 46 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Taxes less subsidies on products are taxes payable per unit of a good or service. 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.