Kiribati GDP Trends from 1980 to 2024: A overall increase with some decline Flow

Kiribati's GDP changed from approximately $33M in 1980 to $311M in 2024, showing an overall 842.4% sharply increased during the period.
The lowest GDP was recorded in 1985 at $26M, and the highest in 2024 at $311M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 5.2%.
For comparison, the average annual growth rate of Tuvalu was 6.4%, and that of Samoa was 4.9%.

Overview of Kiribati's GDP (1980–2024)

The Gross Domestic Product (GDP) of Kiribati recorded a 842.4% sharply increased from 1980 to 2024.
The average GDP during this period was $121M 422K, and the median was $81M.
GDP fluctuated within a range of $285M, with a standard deviation of $84M 998K.
The average annual change was $6M 186K.


Kiribati GDP from 1980 to 2024

The total market value of goods and services produced annually in Kiribati.

Change Chart

    Highest and Lowest GDP Records

    • Lowest GDP: 1985, $26M
    • Highest GDP: 2024, $311M
    • Most Recent GDP: 2024, $311M

    Notable Annual GDP Changes

    • 2021: Significant increase in GDP
    • 2022: Noticeable drop in GDP

    Overall pattern: overall increase with some decline


    Global Economic Events and Kiribati's GDP

    COVID-19 Pandemic (2020)

    • Period: From 2019 to 2020
    • GDP Change: $217M → $224M
    • Outcome: increased

    2008 Global Financial Crisis

    • Period: From 2007 to 2009
    • GDP Change: $138M → $142M
    • Outcome: increased

    2001 Dot-com Bubble Burst

    • Period: From 2000 to 2001
    • GDP Change: $75M → $65M
    • Outcome: sharply declined

    1998 Asian Financial Crisis

    • Period: From 1997 to 1998
    • GDP Change: $80M → $75M
    • Outcome: declined

    Key Economic Indicators of Kiribati (1980–2024)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    1980
    $ 33M
    $ 567.52
    $ 932.98
    $ 55M
    -1.079 %
    34.579 %
    0 %
    0 %
    58,000 people
    1981
    $ 35M
    $ 591.50
    $ 1,062.66
    $ 63M
    6.122 %
    25.756 %
    0 %
    0 %
    60,000 people
    1982
    $ 33M
    $ 527.42
    $ 1,068.75
    $ 67M
    -1.09 %
    14.303 %
    0 %
    0 %
    62,000 people
    1983
    $ 31M
    $ 510.50
    $ 1,025.94
    $ 62M
    -9.778 %
    12.775 %
    0 %
    0 %
    61,000 people
    1984
    $ 34M
    $ 555.73
    $ 1,187.32
    $ 74M
    13.918 %
    28.059 %
    0 %
    0 %
    62,000 people
    1985
    $ 26M
    $ 410.22
    $ 1,031.78
    $ 66M
    -13.24 %
    21.569 %
    0 %
    0 %
    64,000 people
    1986
    $ 26M
    $ 398.26
    $ 1,001.41
    $ 66M
    -2.466 %
    40.764 %
    0 %
    0 %
    65,000 people
    1987
    $ 30M
    $ 440.58
    $ 1,013.98
    $ 68M
    1.293 %
    21.106 %
    0 %
    0 %
    67,000 people
    1988
    $ 38M
    $ 558.14
    $ 1,249.72
    $ 86M
    22.045 %
    1.883 %
    0 %
    0 %
    69,000 people
    1989
    $ 38M
    $ 534.58
    $ 1,174.46
    $ 83M
    -7.292 %
    6.987 %
    0 %
    0 %
    71,000 people
    1990
    $ 37M
    $ 505.42
    $ 1,112.61
    $ 80M
    -6.385 %
    -17.196 %
    0 %
    -4.547 %
    72,000 people
    1991
    $ 41M
    $ 562.27
    $ 1,069.96
    $ 79M
    -5.649 %
    21.011 %
    0 %
    3.957 %
    73,000 people
    1992
    $ 62M
    $ 827.26
    $ 1,337.42
    $ 100M
    23.959 %
    -14.045 %
    0 %
    0.842 %
    74,000 people
    1993
    $ 59M
    $ 781.48
    $ 1,348.41
    $ 102M
    -0.104 %
    -1.319 %
    0 %
    6.316 %
    75,000 people
    1994
    $ 67M
    $ 876.46
    $ 1,385.55
    $ 106M
    2.045 %
    0.629 %
    0 %
    0.805 %
    77,000 people
    1995
    $ 69M
    $ 883.58
    $ 1,433.04
    $ 111M
    2.752 %
    -8.717 %
    0 %
    -5.024 %
    78,000 people
    1996
    $ 81M
    $ 1,031.87
    $ 1,434.12
    $ 113M
    -0.052 %
    -20.349 %
    0 %
    -20.133 %
    79,000 people
    1997
    $ 80M
    $ 1,001.07
    $ 1,451.32
    $ 117M
    1.177 %
    5.185 %
    0 %
    6.336 %
    80,000 people
    1998
    $ 75M
    $ 918.69
    $ 1,507.18
    $ 123M
    4.442 %
    21.325 %
    0 %
    14.751 %
    82,000 people
    1999
    $ 77M
    $ 930.93
    $ 1,444.11
    $ 120M
    -3.914 %
    2.351 %
    0 %
    -1.66 %
    83,000 people