Net incurrence of liabilities, total in Kiribati
Kiribati: Net incurrence of liabilities, total was -12.76 million current LCU in 2023. ◆ Volatile
Net incurrence of liabilities, total in Kiribati, 2011–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Kiribati recorded -12.76 million current LCU for net incurrence of liabilities, total in 2023.
That represents a change of down 549.5% on the previous year and up 35.1% over ten years.
Over the whole period, net incurrence of liabilities, total in Kiribati peaked at 2.00 million current LCU in 2011 and was at its lowest, -19.67 million current LCU, in 2013.
That places Kiribati 125th out of 136 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.
Net incurrence of liabilities, total in Kiribati, year by year
| Year | current LCU | Change |
|---|---|---|
| 2011 | 2.00 million current LCU | — |
| 2012 | -702,767 current LCU | -135.2% |
| 2013 | -19.67 million current LCU | +2698.5% |
| 2014 | -9.91 million current LCU | -49.6% |
| 2015 | -1.08 million current LCU | -89.1% |
| 2016 | -1.61 million current LCU | +49.0% |
| 2017 | -2.04 million current LCU | +26.3% |
| 2018 | -905,218 current LCU | -55.6% |
| 2019 | -563,332 current LCU | -37.8% |
| 2020 | -3.41 million current LCU | +505.2% |
| 2021 | -1.23 million current LCU | -63.9% |
| 2022 | -1.96 million current LCU | +59.6% |
| 2023 | -12.76 million current LCU | +549.5% |
Kiribati compared with similar countries
- Kiribati's -12.76 million current LCU is below the median for lower middle income countries, which is 53.44 billion current LCU. (34 countries reporting)
- Kiribati's -12.76 million current LCU is below the median for East Asia & Pacific, which is 3.15 billion current LCU. (24 countries reporting)
Biggest year-on-year movements
Years where Net incurrence of liabilities, total in Kiribati changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2013 | -2698.5% | -702,767 current LCU | -19.67 million current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | -3.83 million current LCU | -19.67 million current LCU | 2.00 million current LCU | 9 |
| 2020s | -4.84 million current LCU | -12.76 million current LCU | -1.23 million current LCU | 4 |
Countries ranked near Kiribati
- 122 Tonga 693,426 current LCU compare
- 123 Marshall Islands -241,000 current LCU compare
- 124 Nauru -3.75 million current LCU compare
- 126 Saint Lucia -23.24 million current LCU
- 127 Saint Kitts and Nevis -24.10 million current LCU compare
- 128 East Timor -59.55 million current LCU 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)
- Democracy 7 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is net incurrence of liabilities, total in Kiribati?
- Net incurrence of liabilities, total in Kiribati was -12.76 million current LCU in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in Kiribati?
- The highest recorded value was 2.00 million current LCU in 2011.
- What is the lowest net incurrence of liabilities, total recorded in Kiribati?
- The lowest recorded value was -19.67 million current LCU in 2013.
- How does Kiribati rank for net incurrence of liabilities, total?
- Kiribati ranks 125th out of 136 countries with data for 2023.
- Is net incurrence of liabilities, total rising or falling in Kiribati?
- Over the last ten years it is up 35.1%. 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 incurrence of liabilities, total (current LCU). Statizoid updates them automatically from the source API.
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About this data
Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets. 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.