Kiribati's gross national expenditure (current LCU) was 1 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 147.5% from 404.95 million in 2014 (9.49% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 1 billion | 2024 |
| Five years earlier | 525.95 million | 2019 |
| Ten years earlier | 404.95 million | 2014 |
| Highest | 1 billion | 2024 |
| Lowest | 260.66 million | 2006 |
| Average since 2015 | 630.76 million | 2015–2024 |
| First recorded | 260.66 million |
What the numbers say
In 2024, Kiribati's gross national expenditure (current LCU) rose 13.6% on 2023 (from 882.03 million to 1 billion).
Across the 17 yearly changes before that (2007 to 2023), the average change was +7.7% and a typical year strayed about 7.6% from that (the standard deviation). This year's change was 0.8 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 24.8% in 2021 and the biggest yearly fall was 3.2% in 2010. 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 55.3 million a year. A straight line explains 80% 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 37th 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: 6.07 billion
- Timor-Leste — 34th of 38: 3.25 billion
- Tonga — 35th of 38: 2.25 billion
- Palau — 37th of 38: 475.51 million
- Marshall Islands — 38th of 38: 413.62 million
What this measures
Gross national expenditure is the sum of household final consumption expenditure, general government final consumption expenditure, and gross capital formation. 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 national expenditure (current LCU) |
|---|---|
| 2024 | 1,002,257,143 |
| 2023 | 882,025,135 |
| 2022 | 761,525,221 |
| 2021 | 637,022,226 |
| 2020 | 510,616,280 |
| 2019 | 525,947,789 |
| 2018 | 514,482,000 |
| 2017 | 510,694,900 |
| 2016 | 495,809,400 |
| 2015 | 467,242,800 |
| 2014 |
Gross national expenditure (current LCU) in nearby economies
- Australia — 2.76 trillion (2025)
- Brunei Darussalam — 15.77 billion (2025)
- Cambodia — 196.35 trillion (2025)
- China — 130.98 trillion (2024)
- Fiji — 14.91 billion (2024)
- French Polynesia — 890.2 billion (2024)
- Hong Kong SAR, China — 3.24 trillion (2025)
- Indonesia — 22,244.3 trillion (2025)
- Japan — 639.89 trillion (2024)
- Korea, Rep. — 2,524.87 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 national expenditure (current LCU)?
- 1 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2006?
- It is up 284.51% from 260.66 million in 2006 (7.77% a year on average, compounded). The highest value was 1 billion in 2024 and the lowest 260.66 million in 2006.
- How does Kiribati rank?
- 37th highest of 38 economies with data for 2024.
- Is the latest change in gross national expenditure (current LCU) unusual for Kiribati?
- In 2024, Kiribati's gross national expenditure (current LCU) rose 13.6% on 2023 (from 882.03 million to 1 billion). Across the 17 yearly changes before that (2007 to 2023), the average change was +7.7% and a typical year strayed about 7.6% from that (the standard deviation). This year's change was 0.8 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.DAB.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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