Kiribati's external balance on goods and services (current LCU) was -484.01 million in 2024, the latest year in the World Bank's World Development Indicators. That is down 171.88% from -178.03 million in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | -484.01 million | 2024 |
| Five years earlier | -213.34 million | 2019 |
| Ten years earlier | -178.03 million | 2014 |
| Highest | 16.74 million | 1975 |
| Lowest | -484.01 million | 2024 |
| Average since 2015 | -275.75 million | 2015–2024 |
| First recorded | 743,000 |
What the numbers say
In 2024, Kiribati's external balance on goods and services (current LCU) fell 68 million on 2023 (from -416.01 million to -484.01 million).
Across the 30 yearly changes before that (1994 to 2023), the average change was −11.96 million and a typical year strayed about 27.48 million from that (the standard deviation). This year's change was 2.0 standard deviations below that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was 32.28 million in 2006 and the biggest yearly fall was 105.74 million in 2022. 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 the straight-line trend is downward, about 28.58 million a year. A straight line explains 68% 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 2024, Kiribati had the 16th highest value of the 34 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
What this measures
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. 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.
All 53 values
| Year | External balance on goods and services (current LCU) |
|---|---|
| 2024 | -484,008,582 |
| 2023 | -416,010,178 |
| 2022 | -360,017,363 |
| 2021 | -254,277,505 |
| 2020 | -184,775,019 |
| 2019 | -213,341,876 |
| 2018 | -203,978,700 |
| 2017 | -215,332,600 |
| 2016 | -216,737,700 |
| 2015 | -209,020,100 |
External balance on goods and services (current LCU) in nearby economies
- American Samoa — -268 million (2022)
- Australia — 16.32 billion (2025)
- Brunei Darussalam — 3.84 billion (2025)
- Cambodia — 2.48 trillion (2025)
- China — 5.87 trillion (2025)
- Fiji — -1.37 billion (2024)
- French Polynesia — -194.1 billion (2024)
- Guam — -3.88 billion (2022)
- Hong Kong SAR, China — 95.62 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 external balance on goods and services (current LCU)?
- -484.01 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1972?
- It is down 65,242% from 743,000 in 1972. The highest value was 16.74 million in 1975 and the lowest -484.01 million in 2024.
- How does Kiribati rank?
- 16th highest of 34 economies with data for 2024.
- Is the latest change in external balance on goods and services (current LCU) unusual for Kiribati?
- In 2024, Kiribati's external balance on goods and services (current LCU) fell 68 million on 2023 (from -416.01 million to -484.01 million). Across the 30 yearly changes before that (1994 to 2023), the average change was −11.96 million and a typical year strayed about 27.48 million from that (the standard deviation). This year's change was 2.0 standard deviations below that average, so it was unusually large compared with the rest of the record.
Source
World Bank, World Development Indicators, indicator NE.RSB.GNFS.CN, 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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