Net incurrence of liabilities, total in Kiribati
Kiribati: Net incurrence of liabilities, total 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 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% |
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
- 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 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.