Net investment in nonfinancial assets in Kiribati
Kiribati: Net investment in nonfinancial assets was 7.1% 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 % of GDP.
Analysis
In 2023, net investment in nonfinancial assets in Kiribati stood at 7.1%.
That represents a change of down 1.9% on the previous year and up 75.7% over ten years.
Over the whole period, net investment in nonfinancial assets in Kiribati peaked at 22.4% in 2019 and was at its lowest, 2.9%, in 2021.
That places Kiribati 17th out of 156 countries with data for 2023, putting it in the top 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 | % of GDP | Change |
|---|---|---|
| 2011 | 5.3% | — |
| 2012 | 4.5% | -14.6% |
| 2013 | 4.0% | -11.0% |
| 2014 | 3.2% | -21.2% |
| 2015 | 3.5% | +10.7% |
| 2016 | 5.2% | +48.1% |
| 2017 | 7.2% | +37.7% |
| 2018 | 4.3% | -39.7% |
| 2019 | 22.4% | +417.4% |
| 2020 | 4.6% | -79.2% |
| 2021 | 2.9% | -38.3% |
| 2022 | 7.2% | +151.9% |
| 2023 | 7.1% | -1.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 6.6% | 3.2% | 22.4% | 9 |
| 2020s | 5.4% | 2.9% | 7.2% | 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 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)
- Taxes on international trade 0.5% (2023)
Frequently asked questions
- What is net investment in nonfinancial assets in Kiribati?
- Net investment in nonfinancial assets in Kiribati was 7.1% 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 22.4% in 2019.
- What is the lowest net investment in nonfinancial assets recorded in Kiribati?
- The lowest recorded value was 2.9% in 2021.
- How does Kiribati rank for net investment in nonfinancial assets?
- Kiribati ranks 17th 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 75.7%. 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 (% of GDP). 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 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.