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.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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)
| year | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
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 |
