Kiribati's adjusted savings, net national savings (current US$) was US$92.32 million in 2020, the latest year in the World Bank's World Development Indicators. That is up 878.93% from US$9.43 million in 2010 (25.62% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$92.32 million | 2020 |
| Five years earlier | US$116.12 million | 2015 |
| Ten years earlier | US$9.43 million | 2010 |
| Highest | US$116.62 million | 2017 |
| Lowest | −US$7.39 million | 2006 |
| Average since 2011 | US$77.91 million | 2011–2020 |
| First recorded | US$19.2 million |
What the numbers say
In 2020, Kiribati's adjusted savings, net national savings (current US$) fell US$12.82 million on 2019 (from US$105.14 million to US$92.32 million).
Across the 26 yearly changes before that (1980 to 2019), the average change was +US$5.23 million and a typical year strayed about US$20.23 million from that (the standard deviation). This year's change was 0.9 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 US$59.5 million in 2014 and the biggest yearly fall was US$46.59 million in 2016. 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 US$10.36 million a year. A straight line explains 59% 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 16th 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
- Lesotho — 12th of 20: US$159.43 million
- Solomon Islands — 13th of 20: US$151.95 million
- Guinea-Bissau — 14th of 20: US$129.02 million
- Antigua and Barbuda — 16th of 20: US$40.3 million
- Marshall Islands — 17th of 20: US$14.88 million
- Sierra Leone — 18th of 20: −US$210.56 million
What this measures
Net national savings are equal to gross national savings less the value of consumption of fixed capital. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
All 29 values
| Year | Adjusted savings, net national savings (current US$) |
|---|---|
| 2020 | 92,322,269 |
| 2019 | 105,139,861 |
| 2018 | 112,170,470 |
| 2017 | 116,617,710 |
| 2016 | 69,530,691 |
| 2015 | 116,116,534 |
| 2014 | 95,295,294 |
| 2013 | 35,796,916 |
| 2012 | 34,460,556 |
| 2011 | 1,698,420 |
Adjusted savings, net national savings (current US$) in nearby economies
- Australia — US$134.41 billion (2021)
- Brunei Darussalam — US$5.41 billion (2021)
- Cambodia — US$4.97 billion (2021)
- China — US$3.3 trillion (2021)
- Fiji — US$169.06 million (2020)
- Hong Kong SAR, China — US$36.15 billion (2021)
- Indonesia — US$157.76 billion (2021)
- Japan — US$96.19 billion (2021)
- Korea, Rep. — US$284.55 billion (2021)
More economic policy & debt data for Kiribati
- Grants, excluding technical cooperation (BoP, current US$) — 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, net national savings (current US$)?
- US$92.32 million in 2020, according to the World Bank (World Development Indicators).
- How has it changed since 1979?
- It is up 380.74% from US$19.2 million in 1979 (3.9% a year on average, compounded). The highest value was US$116.62 million in 2017 and the lowest −US$7.39 million in 2006.
- How does Kiribati rank?
- 16th highest of 20 economies with data for 2020.
- Is the latest change in adjusted savings, net national savings (current US$) unusual for Kiribati?
- In 2020, Kiribati's adjusted savings, net national savings (current US$) fell US$12.82 million on 2019 (from US$105.14 million to US$92.32 million). Across the 26 yearly changes before that (1980 to 2019), the average change was +US$5.23 million and a typical year strayed about US$20.23 million from that (the standard deviation). This year's change was 0.9 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.NNAT.CD, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium, 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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