Net acquisition of financial assets in Kiribati
Kiribati: Net acquisition of financial assets was -4.3% in 2023. ◆ Volatile
Net acquisition of financial assets in Kiribati, 2011–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2023, net acquisition of financial assets in Kiribati stood at -4.3%.
The figure is up 59.0% on the previous year and down 146.3% over ten years.
Over the whole period, net acquisition of financial assets in Kiribati peaked at 49.5% in 2015 and was at its lowest, -10.6%, in 2022.
Kiribati ranks 134th of 134 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net acquisition of financial assets in Kiribati, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2011 | -5.6% | — |
| 2012 | 2.9% | -151.9% |
| 2013 | 9.4% | +224.5% |
| 2014 | 35.7% | +280.6% |
| 2015 | 49.5% | +38.8% |
| 2016 | 18.0% | -63.7% |
| 2017 | 13.5% | -24.8% |
| 2018 | 43.1% | +218.4% |
| 2019 | 16.8% | -61.0% |
| 2020 | 23.7% | +40.8% |
| 2021 | -3.2% | -113.3% |
| 2022 | -10.6% | +236.0% |
| 2023 | -4.3% | -59.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 20.4% | -5.6% | 49.5% | 9 |
| 2020s | 1.4% | -10.6% | 23.7% | 4 |
Countries ranked near Kiribati
- 131 Jamaica -2.6% compare
- 132 Mauritius -2.9% compare
- 133 Netherlands -3.5%
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 net acquisition of financial assets in Kiribati?
- Net acquisition of financial assets in Kiribati was -4.3% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net acquisition of financial assets recorded in Kiribati?
- The highest recorded value was 49.5% in 2015.
- What is the lowest net acquisition of financial assets recorded in Kiribati?
- The lowest recorded value was -10.6% in 2022.
- How does Kiribati rank for net acquisition of financial assets?
- Kiribati ranks 134th out of 134 countries with data for 2023.
- Is net acquisition of financial assets rising or falling in Kiribati?
- Over the last ten years it is down 146.3%. 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 Net acquisition of financial assets (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Net acquisition of government financial assets includes domestic and foreign financial claims, SDRs, and gold bullion held by monetary authorities as a reserve asset. The net acquisition of financial assets should be offset by the net incurrence of liabilities. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.