Deficit, Percent of own spending in Kiribati
Kiribati: Deficit, Percent of own spending was 0.311 in 2020. ◆ Volatile
Deficit, Percent of own spending in Kiribati, 2010–2020
Source: International Monetary Fund.
Analysis
In 2020, deficit, percent of own spending in Kiribati stood at 0.311.
That represents a change of up 67.4% on the previous year and up 196.3% over ten years.
Over the whole period, deficit, percent of own spending in Kiribati peaked at 0.8006 in 2015 and was at its lowest, -0.1046, in 2011.
Kiribati ranks 1st of 66 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Deficit, Percent of own spending in Kiribati, year by year
| Year | Value | Change |
|---|---|---|
| 2010 | 0.105 | — |
| 2011 | -0.1046 | -199.6% |
| 2012 | 0.0497 | -147.5% |
| 2013 | 0.2974 | +498.3% |
| 2014 | 0.689 | +131.7% |
| 2015 | 0.8006 | +16.2% |
| 2016 | 0.2819 | -64.8% |
| 2017 | 0.2013 | -28.6% |
| 2018 | 0.6664 | +231.1% |
| 2019 | 0.1858 | -72.1% |
| 2020 | 0.311 | +67.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 0.3172 | -0.1046 | 0.8006 | 10 |
| 2020s | 0.311 | 0.311 | 0.311 | 1 |
Countries ranked near Kiribati
- 2 Azerbaijan 0.1927 compare
- 3 Iran, Islamic Republic of 0.0182
- 4 Marshall Islands 0.012 compare
More public sector data for Kiribati
- Tax revenue 17.5% (2023)
- Taxes on income, profits and capital gains 7.4% (2023)
- Taxes on goods and services 11.8% (2023)
- Net investment in nonfinancial assets 7.1% (2023)
- Net lending (+) / net borrowing (-) -1.4% (2023)
- Interest payments 0.7% (2023)
- Grants and other revenue 80.4% (2023)
- Interest payments 0.8% (2023)
- Compensation of employees 31.4% (2023)
- Goods and services expense 29.4% (2023)
Frequently asked questions
- What is deficit, percent of own spending in Kiribati?
- Deficit, percent of own spending in Kiribati was 0.311 in 2020, according to International Monetary Fund.
- What is the highest deficit, percent of own spending recorded in Kiribati?
- The highest recorded value was 0.8006 in 2015.
- What is the lowest deficit, percent of own spending recorded in Kiribati?
- The lowest recorded value was -0.1046 in 2011.
- How does Kiribati rank for deficit, percent of own spending?
- Kiribati ranks 1st out of 66 countries with data for 2020.
- Is deficit, percent of own spending rising or falling in Kiribati?
- Over the last ten years it is up 196.3%. The long-run trend across the full record is volatile.
- Where does this Kiribati data come from?
- The figures come from International Monetary Fund, published as part of Deficit, Percent of own spending (Central government). Statizoid updates them automatically from the source API.
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About this data
The Fiscal Decentralization dataset includes fiscal decentralization indicators for a sample of IMF member countries. The following indicators are included in the dataset: Revenue and Expenditure Decentralization Shares; Transfer dependency and Vertical Fiscal Imbalances; Deficit and Debt; Allocation of expenditure (economic classification); Allocation of expenditure (functional classification); Allocation of non-Tax Revenues; and Allocation of Taxes.