Interest payments (% of revenue) in Kiribati
Kiribati: Interest payments (% of revenue) was 0.7% in 2023. ◆ Volatile
Interest payments in Kiribati, 2011–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
The most recent figure for interest payments in Kiribati is 0.7%, measured in 2023.
That represents a change of down 16.8% on the previous year and down 33.3% over ten years.
Over the whole period, interest payments in Kiribati peaked at 4.6% in 2012 and was at its lowest, 0.1%, in 2015.
That places Kiribati 144th out of 155 countries with data for 2023, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Interest payments (% of revenue) in Kiribati, year by year
| Year | % of revenue | Change |
|---|---|---|
| 2011 | 3.5% | — |
| 2012 | 4.6% | +30.7% |
| 2013 | 1.1% | -77.0% |
| 2014 | 0.1% | -92.5% |
| 2015 | 0.1% | -27.0% |
| 2016 | 0.1% | +8.9% |
| 2017 | 0.1% | +91.9% |
| 2018 | 0.2% | +52.2% |
| 2019 | 0.7% | +260.9% |
| 2021 | 0.8% | +17.5% |
| 2022 | 0.8% | +8.2% |
| 2023 | 0.7% | -16.8% |
Kiribati compared with similar countries
- Kiribati's 0.7% is below the median for lower middle income countries, which is 8.6%, 8% of the median. (36 countries reporting)
- Kiribati's 0.7% is below the median for East Asia & Pacific, which is 3.3%, 22% of the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 1.2% | 0.1% | 4.6% | 9 |
| 2020s | 0.8% | 0.7% | 0.8% | 3 |
Countries ranked near Kiribati
- 141 Sweden 1.1% compare
- 142 Switzerland 0.9% compare
- 143 Azerbaijan 0.9% compare
- 145 Somalia 0.6%
- 146 Luxembourg 0.6% compare
- 147 Palau 0.6% compare
More public sector data for Kiribati
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- 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)
Frequently asked questions
- What is interest payments in Kiribati?
- Interest payments in Kiribati was 0.7% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in Kiribati?
- The highest recorded value was 4.6% in 2012.
- What is the lowest interest payments recorded in Kiribati?
- The lowest recorded value was 0.1% in 2015.
- How does Kiribati rank for interest payments?
- Kiribati ranks 144th out of 155 countries with data for 2023.
- Is interest payments rising or falling in Kiribati?
- Over the last ten years it is down 33.3%. The long-run trend across the full record is volatile.
- 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 Interest payments (% of revenue). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 12 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Interest payments include interest payments on government debt (including long-term bonds, long-term loans, and other debt instruments) to domestic and foreign residents. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.