Kiribati's final consumption expenditure (current US$) was US$558.75 million in 2024, the latest year in the World Bank's World Development Indicators. That is up 81.63% from US$307.63 million in 2014 (6.15% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$558.75 million | 2024 |
| Five years earlier | US$331.1 million | 2019 |
| Ten years earlier | US$307.63 million | 2014 |
| Highest | US$558.75 million | 2024 |
| Lowest | US$178.59 million | 2006 |
| Average since 2015 | US$387.22 million | 2015–2024 |
| First recorded | US$178.59 million |
What the numbers say
In 2024, Kiribati's final consumption expenditure (current US$) rose 8.7% on 2023 (from US$513.82 million to US$558.75 million).
Across the 17 yearly changes before that (2007 to 2023), the average change was +6.9% and a typical year strayed about 10.7% from that (the standard deviation). This year's change was 0.2 standard deviations above 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 34.1% in 2021 and the biggest yearly fall was 9.4% 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 the straight-line trend is upward, about US$29.64 million a year. A straight line explains 86% 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 35th highest value of the 36 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.
| Value | Year | |
|---|---|---|
| Kiribati | US$558.75 million | 2024 |
| World | US$81.66 trillion | 2024 |
| East Asia & Pacific | US$19.98 trillion | 2024 |
| Lower middle income | US$5.92 trillion | 2025 |
Closest to Kiribati in the 2024 ranking
- Solomon Islands — 31st of 36: US$1.71 billion
- Vanuatu — 32nd of 36: US$1.25 billion
- Tonga — 33rd of 36: US$775.34 million
- Palau — 35th of 36: US$363.09 million
- Marshall Islands — 36th of 36: US$353.45 million
What this measures
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Regional and income-group figures are computed by the World Bank as a gap-filled total.
All 19 values
| Year | Final consumption expenditure (current US$) |
|---|---|
| 2024 | 558,747,636 |
| 2023 | 513,820,866 |
| 2022 | 465,100,424 |
| 2021 | 427,816,180 |
| 2020 | 318,934,375 |
| 2019 | 331,104,332 |
| 2018 | 340,100,881 |
| 2017 | 331,186,779 |
| 2016 | 306,701,462 |
| 2015 | 278,672,517 |
| 2014 |
Final consumption expenditure (current US$) in nearby economies
- Australia — US$1.35 trillion (2025)
- Brunei Darussalam — US$7.99 billion (2025)
- Cambodia — US$32.76 billion (2025)
- China — US$10.62 trillion (2024)
- Fiji — US$5.33 billion (2024)
- French Polynesia — US$6.69 billion (2024)
- Hong Kong SAR, China — US$336.64 billion (2025)
- Indonesia — US$907.32 billion (2025)
- Japan — US$3.07 trillion (2024)
- Korea, Rep.
More economic policy & debt data for Kiribati
- Grants, excluding technical cooperation (BoP, current US$) — 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 final consumption expenditure (current US$)?
- US$558.75 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2006?
- It is up 212.87% from US$178.59 million in 2006 (6.54% a year on average, compounded). The highest value was US$558.75 million in 2024 and the lowest US$178.59 million in 2006.
- How does Kiribati rank?
- 35th highest of 36 economies with data for 2024.
- Is the latest change in final consumption expenditure (current US$) unusual for Kiribati?
- In 2024, Kiribati's final consumption expenditure (current US$) rose 8.7% on 2023 (from US$513.82 million to US$558.75 million). Across the 17 yearly changes before that (2007 to 2023), the average change was +6.9% and a typical year strayed about 10.7% from that (the standard deviation). This year's change was 0.2 standard deviations above 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 NE.CON.TOTL.CD, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; 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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