[ Nominal GDP in billion of USD ]
Year -
$0.31 billion
Kiribati GDP expanded from 1970 to 2024, increasing from $0.01 billion to $0.31 billion.The compound annual growth rate (CAGR) averaged 6.57% over the period. The economy recorded its peak level in 2024 and its lowest level in 1970. Growth volatility remained high. The maximum drawdown reached 57.14%, indicating the largest cyclical decline from peak levels. The country experienced 13 recession episode(s) during the observed period.
| Metric | Nominal GDP (Current USD) | GDP (PPP, Int$) |
|---|---|---|
| Latest Year | 2024 | 2024 |
| Latest GDP | $ 0.31 Billions | $ 0.50 Int Billions |
| Growth (YoY) | 6.671% | 7.812% |
| Net Change vs Previous Year | $ 0.02 Billion | $ 0.04 Int Billion |
| % of World GDP | 0.00% | 0.00% |
| Meaning | Nominal GDP (Current USD, exchange-rate based) | GDP (PPP, cost-of-living adjusted) |
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | - | - | - | - | - | - |
| 1961 | - | - | - | - | - | - |
| 1962 | - | - | - | - | - | - |
| 1963 | - | - | - | - | - | - |
| 1964 | - | - | - | - | - | - |
| 1965 | - | - | - | - | - | - |
| 1966 | - | - | - | - | - | - |
| 1967 | - | - | - | - | - | - |
| 1968 | - | - | - | - | - | - |
| 1969 | - | - | - | - | - | - |
| 1970 | 0.01 | - | - | - | - | - |
| 1971 | 0.01 | 0 | 6.879 % | - | - | - |
| 1972 | 0.02 | 0 | 23.941 % | - | - | - |
| 1973 | 0.03 | 0.01 | 67.458 % | - | - | - |
| 1974 | 0.07 | 0.04 | 170.058 % | - | - | - |
| 1975 | 0.04 | -0.02 | -35.678 % | - | - | - |
| 1976 | 0.03 | -0.01 | -25.368 % | - | - | - |
| 1977 | 0.03 | 0 | -5.749 % | - | - | - |
| 1978 | 0.04 | 0.01 | 16.686 % | - | - | - |
| 1979 | 0.03 | 0 | -5.737 % | - | - | - |
| 1980 | 0.03 | 0 | -3.796 % | - | - | - |
| 1981 | 0.04 | 0 | 6.363 % | - | - | - |
| 1982 | 0.03 | 0 | -7.159 % | - | - | - |
| 1983 | 0.03 | 0 | -5.321 % | - | - | - |
| 1984 | 0.03 | 0 | 10.947 % | - | - | - |
| 1985 | 0.03 | -0.01 | -24.038 % | - | - | - |
| 1986 | 0.03 | 0 | -0.511 % | - | - | - |
| 1987 | 0.03 | 0 | 13.701 % | - | - | - |
| 1988 | 0.04 | 0.01 | 29.52 % | - | - | - |
| 1989 | 0.04 | 0 | -1.655 % | - | - | - |
| 1990 | 0.04 | 0 | -2.951 % | 0.09 | - | - |
| 1991 | 0.04 | 0 | 12.902 % | 0.09 | 0 | -2.458 % |
| 1992 | 0.06 | 0.02 | 49.078 % | 0.11 | 0.02 | 26.784 % |
| 1993 | 0.06 | 0 | -4.127 % | 0.11 | 0 | 2.264 % |
| 1994 | 0.07 | 0.01 | 13.743 % | 0.12 | 0 | 4.224 % |
| 1995 | 0.07 | 0 | 2.298 % | 0.12 | 0.01 | 4.907 % |
| 1996 | 0.08 | 0.01 | 18.748 % | 0.13 | 0 | 1.778 % |
| 1997 | 0.08 | 0 | -1.536 % | 0.13 | 0 | 2.922 % |
| 1998 | 0.07 | -0.01 | -6.608 % | 0.14 | 0.01 | 5.616 % |
| 1999 | 0.08 | 0 | 3.228 % | 0.13 | 0 | -2.555 % |
| 2000 | 0.07 | 0 | -3.121 % | 0.15 | 0.01 | 9.161 % |
| 2001 | 0.06 | -0.01 | -13.315 % | 0.14 | 0 | -0.963 % |
| 2002 | 0.07 | 0.01 | 15.104 % | 0.15 | 0 | 3.024 % |
| 2003 | 0.1 | 0.02 | 28.58 % | 0.15 | 0 | 0.368 % |
| 2004 | 0.1 | 0.01 | 8.304 % | 0.15 | 0 | 2.064 % |
| 2005 | 0.11 | 0.01 | 9.424 % | 0.16 | 0.01 | 4.468 % |
| 2006 | 0.11 | 0 | -1.367 % | 0.17 | 0.01 | 9.039 % |
| 2007 | 0.14 | 0.03 | 22.892 % | 0.18 | 0.01 | 5.847 % |
| 2008 | 0.15 | 0.01 | 6.492 % | 0.18 | 0 | -1.116 % |
| 2009 | 0.14 | -0.01 | -4.653 % | 0.18 | 0 | 1.157 % |
| 2010 | 0.17 | 0.03 | 18.035 % | 0.19 | 0 | 2.456 % |
| 2011 | 0.2 | 0.03 | 18.441 % | 0.2 | 0.01 | 5.394 % |
| 2012 | 0.21 | 0.01 | 5.629 % | 0.21 | 0.02 | 7.774 % |
| 2013 | 0.2 | -0.01 | -2.546 % | 0.23 | 0.02 | 9.564 % |
| 2014 | 0.2 | 0 | -0.716 % | 0.24 | 0.01 | 3.027 % |
| 2015 | 0.19 | -0.01 | -4.358 % | 0.27 | 0.03 | 12.298 % |
| 2016 | 0.21 | 0.01 | 7.783 % | 0.29 | 0.02 | 8.106 % |
| 2017 | 0.22 | 0.02 | 7.947 % | 0.31 | 0.02 | 5.607 % |
| 2018 | 0.23 | 0.01 | 4.774 % | 0.33 | 0.02 | 5.85 % |
| 2019 | 0.22 | -0.02 | -7.078 % | 0.34 | 0.02 | 4.969 % |
| 2020 | 0.22 | 0 | 1.803 % | 0.34 | 0 | -0.159 % |
| 2021 | 0.29 | 0.06 | 29.136 % | 0.39 | 0.05 | 13.433 % |
| 2022 | 0.27 | -0.02 | -5.335 % | 0.43 | 0.05 | 12.021 % |
| 2023 | 0.29 | 0.02 | 6.877 % | 0.46 | 0.03 | 6.346 % |
| 2024 | 0.31 | 0.02 | 6.671 % | 0.5 | 0.04 | 7.812 % |
Between 1970 to 2024, Kiribati experienced the following economic phases:
The most remarkable growth occurred in 1974 with an increase of 170.058%, while the largest decline was in 1975 at -35.678%.