Net investment in nonfinancial assets in Kiribati
Kiribati: Net investment in nonfinancial assets was 31.07 million current LCU in 2023. ◆ Volatile
Net investment in nonfinancial assets in Kiribati, 2011–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for net investment in nonfinancial assets in Kiribati is 31.07 million current LCU, measured in 2023.
Compared with earlier readings it is up 10.2% on the previous year and up 269.2% over ten years.
Over the whole period, net investment in nonfinancial assets in Kiribati peaked at 69.76 million current LCU in 2019 and was at its lowest, 7.05 million current LCU, in 2014.
That places Kiribati 150th out of 156 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 investment in nonfinancial assets in Kiribati, year by year
| Year | current LCU | Change |
|---|---|---|
| 2011 | 10.06 million current LCU | — |
| 2012 | 9.04 million current LCU | -10.1% |
| 2013 | 8.41 million current LCU | -7.0% |
| 2014 | 7.05 million current LCU | -16.2% |
| 2015 | 8.95 million current LCU | +27.0% |
| 2016 | 14.45 million current LCU | +61.4% |
| 2017 | 20.85 million current LCU | +44.3% |
| 2018 | 13.53 million current LCU | -35.1% |
| 2019 | 69.76 million current LCU | +415.7% |
| 2020 | 14.90 million current LCU | -78.6% |
| 2021 | 10.88 million current LCU | -27.0% |
| 2022 | 28.20 million current LCU | +159.2% |
| 2023 | 31.07 million current LCU | +10.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 18.01 million current LCU | 7.05 million current LCU | 69.76 million current LCU | 9 |
| 2020s | 21.26 million current LCU | 10.88 million current LCU | 31.07 million current LCU | 4 |
Countries ranked near Kiribati
- 147 Saint Vincent and the Grenadines 82.82 million current LCU compare
- 148 Andorra 64.77 million current LCU compare
- 149 Micronesia, Federated States of 39.22 million current LCU compare
- 151 San Marino 26.54 million current LCU compare
- 152 Naoero 23.44 million current LCU compare
- 153 Marshall Islands 21.35 million current LCU compare
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 investment in nonfinancial assets in Kiribati?
- Net investment in nonfinancial assets in Kiribati was 31.07 million current LCU in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net investment in nonfinancial assets recorded in Kiribati?
- The highest recorded value was 69.76 million current LCU in 2019.
- What is the lowest net investment in nonfinancial assets recorded in Kiribati?
- The lowest recorded value was 7.05 million current LCU in 2014.
- How does Kiribati rank for net investment in nonfinancial assets?
- Kiribati ranks 150th out of 156 countries with data for 2023.
- Is net investment in nonfinancial assets rising or falling in Kiribati?
- Over the last ten years it is up 269.2%. 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 investment in nonfinancial assets (current LCU). Statizoid updates them automatically from the source API.
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About this data
Net investment in government nonfinancial assets includes fixed assets, inventories, valuables, and nonproduced assets. Nonfinancial assets are stores of value and provide benefits either through their use in the production of goods and services or in the form of property income and holding gains. Net investment in nonfinancial assets also includes consumption of fixed capital. 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.