Kiribati's adjusted savings, gross savings (% of GNI) was 31.7% in 2020, the latest year in the World Bank's World Development Indicators. That is up 22.06 percentage points from 9.64% in 2010.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 31.7% | 2020 |
| Five years earlier | 36.86% | 2015 |
| Ten years earlier | 9.64% | 2010 |
| Highest | 62.86% | 1991 |
| Lowest | 0.55% | 2006 |
| Average since 2011 | 27.03% | 2011–2020 |
| First recorded | 44.17% | 1979 |
What the numbers say
In 2020, Kiribati's adjusted savings, gross savings (% of GNI) fell 0.07 percentage points on 2019 (from 31.77% to 31.7%).
Across the 26 yearly changes before that (1980 to 2019), the average change was +1.78 percentage points and a typical year strayed about 9.83 percentage points from that (the standard deviation). This year's change was 0.2 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 21.03 percentage points in 1982 and the biggest yearly fall was 22.82 percentage points in 1985. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2011 to 2020 the straight-line trend is upward, about 2.54 percentage points a year. A straight line explains 56% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2020, Kiribati had the 4th highest value of the 20 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Kiribati in the 2020 ranking
- Tanzania — 1st of 20: 34.66%
- Sri Lanka — 2nd of 20: 33.09%
- Tajikistan — 4th of 20: 31.01%
- Saudi Arabia — 5th of 20: 24.09%
- Togo — 6th of 20: 22.31%
What this measures
Gross savings are the difference between gross national income and public and private consumption, plus net current transfers. This indicator is expressed as a percentage of Gross National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.
Limitations: Because gross savings is calculated as a residual it includes errors, which may not be offsetting, in its components.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 29 values
| Year | Adjusted savings, gross savings (% of GNI) |
|---|---|
| 2020 | 31.7 |
| 2019 | 31.77 |
| 2018 | 34.55 |
| 2017 | 36.24 |
| 2016 | 26.12 |
| 2015 | 36.86 |
| 2014 | 32.63 |
| 2013 | 16.82 |
| 2012 | 17.25 |
| 2011 | 6.33 |
| 2010 |
Adjusted savings, gross savings (% of GNI) in nearby economies
- Australia — 26.06% (2021)
- Brunei Darussalam — 49.44% (2021)
- Cambodia — 30.17% (2021)
- China — 45.3% (2021)
- Fiji — 16.41% (2020)
- Hong Kong SAR, China — 26.99% (2021)
- Indonesia — 33.98% (2021)
- Japan — 27.08% (2021)
- Korea, Rep. — 36.19% (2021)
- Lao PDR — 18.43% (2016)
More economic policy & debt data for Kiribati
- Grants, excluding technical cooperation (BoP, current US$) — US$96.28 million (2023)
- Net bilateral aid flows from DAC donors, Total (current US$) — US$74.04 million (2023)
- Net official development assistance and official aid received (current US$) — US$98.32 million (2023)
- Net official development assistance and official aid received (constant 2023 US$) — US$98.32 million (2023)
- Net official development assistance received (current US$) — US$98.32 million (2023)
- Net official development assistance received (constant 2023 US$) — US$98.32 million (2023)
- Net ODA received per capita (current US$) — US$741.9 (2023)
- Technical cooperation grants (BoP, current US$)
Reading data like this
Questions people ask
- What is Kiribati's adjusted savings, gross savings (% of GNI)?
- 31.7% in 2020, according to the World Bank (World Development Indicators).
- How has it changed since 1979?
- It is down 12.47 percentage points from 44.17% in 1979. The highest value was 62.86% in 1991 and the lowest 0.55% in 2006.
- How does Kiribati rank?
- 4th highest of 20 economies with data for 2020.
- Is the latest change in adjusted savings, gross savings (% of GNI) unusual for Kiribati?
- In 2020, Kiribati's adjusted savings, gross savings (% of GNI) fell 0.07 percentage points on 2019 (from 31.77% to 31.7%). Across the 26 yearly changes before that (1980 to 2019), the average change was +1.78 percentage points and a typical year strayed about 9.83 percentage points from that (the standard deviation). This year's change was 0.2 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NY.ADJ.ICTR.GN.ZS, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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