Expense in Kiribati
Kiribati: Expense was 367.36 million current LCU in 2023. ▲ Rising
Expense in Kiribati, 2011–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2023, expense in Kiribati stood at 367.36 million current LCU. That is the highest value across all 13 years on record.
Compared with earlier readings it is up 15.2% on the previous year and up 192.0% over ten years.
Over the whole period, expense in Kiribati peaked at 367.36 million current LCU in 2023 and was at its lowest, 112.63 million current LCU, in 2011.
That places Kiribati 152nd out of 157 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 13 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 156.08 million current LCU | 112.63 million current LCU | 218.74 million current LCU | 9 |
| 2020s | 312.36 million current LCU | 243.86 million current LCU | 367.36 million current LCU | 4 |
Countries ranked near Kiribati
- 149 Saint Kitts and Nevis 638.40 million current LCU compare
- 150 Saint Vincent and the Grenadines 563.61 million current LCU compare
- 151 Tonga 483.79 million current LCU compare
- 153 Nauru 192.69 million current LCU compare
- 154 Palau 152.68 million current LCU compare
- 155 Marshall Islands 143.73 million current LCU 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 expense in Kiribati?
- Expense in Kiribati was 367.36 million current LCU in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest expense recorded in Kiribati?
- The highest recorded value was 367.36 million current LCU in 2023.
- What is the lowest expense recorded in Kiribati?
- The lowest recorded value was 112.63 million current LCU in 2011.
- How does Kiribati rank for expense?
- Kiribati ranks 152nd out of 157 countries with data for 2023.
- Is expense rising or falling in Kiribati?
- Over the last ten years it is up 192.0%. The long-run trend across the full record is rising.
- Where does this Kiribati data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Expense (current LCU). Statizoid updates them automatically from the source API.
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About this data
Expense is a decrease in net worth resulting from a transaction. 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.