Kiribati's gross capital formation (current LCU) was 155.55 million in 2024, the latest year in the World Bank's World Development Indicators. That is up 144.28% from 63.68 million in 2014 (9.34% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 155.55 million | 2024 |
| Five years earlier | 49.65 million | 2019 |
| Ten years earlier | 63.68 million | 2014 |
| Highest | 155.55 million | 2024 |
| Lowest | 23.5 million | 2006 |
| Average since 2015 | 83.69 million | 2015–2024 |
| First recorded | 23.5 million |
What the numbers say
In 2024, Kiribati's gross capital formation (current LCU) rose 43.2% on 2023 (from 108.63 million to 155.55 million).
Across the 17 yearly changes before that (2007 to 2023), the average change was +11.9% and a typical year strayed about 24.2% from that (the standard deviation). This year's change was 1.3 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 51.2% in 2015 and the biggest yearly fall was 24.5% in 2018. 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 20% 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 36th highest value of the 38 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
- Bermuda — 33rd of 38: 1.01 billion
- Timor-Leste — 34th of 38: 561.69 million
- Tonga — 35th of 38: 405.67 million
- Palau — 37th of 38: 112.42 million
- Marshall Islands — 38th of 38: 60.18 million
What this measures
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. 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 19 values
| Year | Gross capital formation (current LCU) |
|---|---|
| 2024 | 155,554,443 |
| 2023 | 108,626,592 |
| 2022 | 91,006,683 |
| 2021 | 67,503,059 |
| 2020 | 47,177,524 |
| 2019 | 49,651,890 |
| 2018 | 59,286,900 |
| 2017 | 78,576,300 |
| 2016 | 83,230,300 |
| 2015 | 96,304,600 |
| 2014 |
Gross capital formation (current LCU) in nearby economies
- Australia — 679.75 billion (2025)
- Brunei Darussalam — 5.33 billion (2025)
- Cambodia — 64.86 trillion (2025)
- China — 54.57 trillion (2024)
- Fiji — 2.82 billion (2024)
- French Polynesia — 152.8 billion (2024)
- Hong Kong SAR, China — 611.33 billion (2025)
- Indonesia — 7,293.71 trillion (2025)
- Japan — 175.55 trillion (2024)
- Korea, Rep. — 775.86 trillion (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 gross capital formation (current LCU)?
- 155.55 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2006?
- It is up 561.85% from 23.5 million in 2006 (11.07% a year on average, compounded). The highest value was 155.55 million in 2024 and the lowest 23.5 million in 2006.
- How does Kiribati rank?
- 36th highest of 38 economies with data for 2024.
- Is the latest change in gross capital formation (current LCU) unusual for Kiribati?
- In 2024, Kiribati's gross capital formation (current LCU) rose 43.2% on 2023 (from 108.63 million to 155.55 million). Across the 17 yearly changes before that (2007 to 2023), the average change was +11.9% and a typical year strayed about 24.2% from that (the standard deviation). This year's change was 1.3 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.TOTL.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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