Kiribati's changes in inventories (constant LCU) was 5.05 million in 2024, the latest year in the World Bank's World Development Indicators. That is up 188.31% from 1.75 million in 2014 (11.17% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 5.05 million | 2024 |
| Five years earlier | 474,528 | 2019 |
| Ten years earlier | 1.75 million | 2014 |
| Highest | 5.11 million | 2012 |
| Lowest | -2.21 million | 2015 |
| Average since 2015 | 1.39 million | 2015–2024 |
| First recorded | 78,300 |
What the numbers say
In 2024, Kiribati's changes in inventories (constant LCU) rose 4.86 million on 2023 (from 188,878 to 5.05 million).
Across the 17 yearly changes before that (2007 to 2023), the average change was +6,505 and a typical year strayed about 2.66 million from that (the standard deviation). This year's change was 1.8 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 6.16 million in 2017 and the biggest yearly fall was 3.96 million in 2015. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 there is no clear straight-line trend: a straight line explains 28% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Kiribati had the 21st highest value of the 32 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 2024 ranking
- Timor-Leste — 18th of 32: 63.48 million
- Kosovo — 19th of 32: 55.79 million
- Cuba — 20th of 32: 38 million
- Tonga — 22nd of 32: 2.67 million
- Palau — 23rd of 32: -2.1 million
- Marshall Islands — 24th of 32: -4.26 million
What this measures
Changes in inventories is the value of entries into inventories less the value of withdrawals and less the value of any recurrent losses of goods held in inventories during the accounting period.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.
All 19 values
| Year | Changes in inventories (constant LCU) |
|---|---|
| 2024 | 5,049,104 |
| 2023 | 188,878 |
| 2022 | 3,752,633 |
| 2021 | 1,262,641 |
| 2020 | 339,755 |
| 2019 | 474,528 |
| 2018 | 2,052,200 |
| 2017 | 4,585,900 |
| 2016 | -1,572,200 |
| 2015 | -2,211,800 |
| 2014 |
Changes in inventories (constant LCU) in nearby economies
- American Samoa — -18 million (2022)
- Australia — 2.99 billion (2025)
- Brunei Darussalam — 39.62 million (2025)
- Cambodia — 1.28 trillion (2025)
- Hong Kong SAR, China — 39.38 billion (2025)
- Indonesia — 214.22 trillion (2025)
- Korea, Rep. — 7.67 trillion (2025)
- Lao PDR — 0 (2016)
- Macao SAR, China — 1.25 billion (2025)
- Malaysia — 8.59 billion (2025)
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 changes in inventories (constant LCU)?
- 5.05 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2006?
- It is up 6,348% from 78,300 in 2006 (26.04% a year on average, compounded). The highest value was 5.11 million in 2012 and the lowest -2.21 million in 2015.
- How does Kiribati rank?
- 21st highest of 32 economies with data for 2024.
- Is the latest change in changes in inventories (constant LCU) unusual for Kiribati?
- In 2024, Kiribati's changes in inventories (constant LCU) rose 4.86 million on 2023 (from 188,878 to 5.05 million). Across the 17 yearly changes before that (2007 to 2023), the average change was +6,505 and a typical year strayed about 2.66 million from that (the standard deviation). This year's change was 1.8 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
Source
World Bank, World Development Indicators, indicator NE.GDI.STKB.KN, 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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