Kiribati's gross fixed capital formation (current US$) was US$99.64 million in 2024, the latest year in the World Bank's World Development Indicators. That is up 76.97% from US$56.3 million in 2014 (5.87% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$99.64 million | 2024 |
| Five years earlier | US$34.19 million | 2019 |
| Ten years earlier | US$56.3 million | 2014 |
| Highest | US$99.64 million | 2024 |
| Lowest | US$17.65 million | 2006 |
| Average since 2015 | US$58.46 million | 2015–2024 |
| First recorded | US$17.65 million |
What the numbers say
In 2024, Kiribati's gross fixed capital formation (current US$) rose 38.4% on 2023 (from US$71.97 million to US$99.64 million).
Across the 17 yearly changes before that (2007 to 2023), the average change was +11% and a typical year strayed about 23.5% from that (the standard deviation). This year's change was 1.2 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 54% in 2021 and the biggest yearly fall was 24.6% 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 9% 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 37 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$99.64 million | 2024 |
| World | US$28.61 trillion | 2024 |
| East Asia & Pacific | US$10.99 trillion | 2024 |
| Lower middle income | US$2.11 trillion | 2025 |
Closest to Kiribati in the 2024 ranking
- Solomon Islands — 33rd of 37: US$308.25 million
- Tonga — 34th of 37: US$169.33 million
- Palau — 35th of 37: US$115.22 million
- Marshall Islands — 37th of 37: US$65.14 million
What this measures
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Regional and income-group figures are computed by the World Bank as a gap-filled total.
All 19 values
| Year | Gross fixed capital formation (current US$) |
|---|---|
| 2024 | 99,640,616 |
| 2023 | 71,970,260 |
| 2022 | 60,375,519 |
| 2021 | 49,678,806 |
| 2020 | 32,257,020 |
| 2019 | 34,186,391 |
| 2018 | 42,778,980 |
| 2017 | 56,738,874 |
| 2016 | 63,081,116 |
| 2015 | 73,858,267 |
| 2014 |
Gross fixed capital formation (current US$) in nearby economies
- Australia — US$437.56 billion (2025)
- Brunei Darussalam — US$4.05 billion (2025)
- Cambodia — US$15.85 billion (2025)
- China — US$7.43 trillion (2024)
- Fiji — US$1.2 billion (2024)
- French Polynesia — US$1.39 billion (2024)
- Hong Kong SAR, China — US$72.38 billion (2025)
- Indonesia — US$415.87 billion (2025)
- Japan — US$1.17 trillion (2024)
- Korea, Rep.
More economic policy & debt data for Kiribati
- Grants, excluding technical cooperation (BoP, current US$) — 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 gross fixed capital formation (current US$)?
- US$99.64 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2006?
- It is up 464.52% from US$17.65 million in 2006 (10.09% a year on average, compounded). The highest value was US$99.64 million in 2024 and the lowest US$17.65 million in 2006.
- How does Kiribati rank?
- 36th highest of 37 economies with data for 2024.
- Is the latest change in gross fixed capital formation (current US$) unusual for Kiribati?
- In 2024, Kiribati's gross fixed capital formation (current US$) rose 38.4% on 2023 (from US$71.97 million to US$99.64 million). Across the 17 yearly changes before that (2007 to 2023), the average change was +11% and a typical year strayed about 23.5% from that (the standard deviation). This year's change was 1.2 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.FTOT.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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