Net incurrence of liabilities, total (% of GDP) in Kiribati
Kiribati: Net incurrence of liabilities, total (% of GDP) was -2.9% 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 % of GDP.
Analysis
The most recent figure for net incurrence of liabilities, total in Kiribati is -2.9%, measured in 2023.
The figure is down 478.5% on the previous year and up 69.1% over ten years.
Over the whole period, net incurrence of liabilities, total in Kiribati peaked at 1.1% in 2011 and was at its lowest, -9.4%, in 2013.
Kiribati ranks 136th of 136 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 incurrence of liabilities, total (% of GDP) in Kiribati, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2011 | 1.1% | — |
| 2012 | -0.4% | -133.4% |
| 2013 | -9.4% | +2577.4% |
| 2014 | -4.5% | -52.6% |
| 2015 | -0.4% | -90.5% |
| 2016 | -0.6% | +36.8% |
| 2017 | -0.7% | +20.6% |
| 2018 | -0.3% | -58.7% |
| 2019 | -0.2% | -37.6% |
| 2020 | -1.1% | +488.3% |
| 2021 | -0.3% | -69.5% |
| 2022 | -0.5% | +55.1% |
| 2023 | -2.9% | +478.5% |
Kiribati compared with similar countries
- Kiribati's -2.9% is below the median for lower middle income countries, which is 2.9%. (34 countries reporting)
- Kiribati's -2.9% is below the median for East Asia & Pacific, which is 2.0%. (24 countries reporting)
Biggest year-on-year movements
Years where Net incurrence of liabilities, total (% of GDP) 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 | -2577.4% | -0.4% | -9.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | -1.7% | -9.4% | 1.1% | 9 |
| 2020s | -1.2% | -2.9% | -0.3% | 4 |
Countries ranked near Kiribati
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 net incurrence of liabilities, total in Kiribati?
- Net incurrence of liabilities, total in Kiribati was -2.9% 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 1.1% in 2011.
- What is the lowest net incurrence of liabilities, total recorded in Kiribati?
- The lowest recorded value was -9.4% in 2013.
- How does Kiribati rank for net incurrence of liabilities, total?
- Kiribati ranks 136th 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 69.1%. 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 (% of GDP). 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 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.