Net lending (+) / net borrowing (-) in Kiribati
Kiribati: Net lending (+) / net borrowing (-) was -1.4% in 2023. ◆ Volatile
Net lending (+) / net borrowing (-) in Kiribati, 2011–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2023, net lending (+) / net borrowing (-) in Kiribati stood at -1.4%.
The figure is up 85.8% on the previous year and down 107.6% over ten years.
Over the whole period, net lending (+) / net borrowing (-) in Kiribati peaked at 49.9% in 2015 and was at its lowest, -10.1%, in 2022.
Kiribati ranks 58th of 156 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net lending (+) / net borrowing (-) in Kiribati, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2011 | -6.6% | — |
| 2012 | 3.2% | -148.9% |
| 2013 | 18.8% | +479.8% |
| 2014 | 40.1% | +113.6% |
| 2015 | 49.9% | +24.4% |
| 2016 | 18.6% | -62.8% |
| 2017 | 14.2% | -23.4% |
| 2018 | 43.4% | +204.8% |
| 2019 | 17.0% | -60.8% |
| 2020 | 24.7% | +45.6% |
| 2021 | -2.8% | -111.4% |
| 2022 | -10.1% | +256.8% |
| 2023 | -1.4% | -85.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 22.1% | -6.6% | 49.9% | 9 |
| 2020s | 2.6% | -10.1% | 24.7% | 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)
- 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 lending (+) / net borrowing (-) in Kiribati?
- Net lending (+) / net borrowing (-) in Kiribati was -1.4% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net lending (+) / net borrowing (-) recorded in Kiribati?
- The highest recorded value was 49.9% in 2015.
- What is the lowest net lending (+) / net borrowing (-) recorded in Kiribati?
- The lowest recorded value was -10.1% in 2022.
- How does Kiribati rank for net lending (+) / net borrowing (-)?
- Kiribati ranks 58th out of 156 countries with data for 2023.
- Is net lending (+) / net borrowing (-) rising or falling in Kiribati?
- Over the last ten years it is down 107.6%. 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 lending (+) / net borrowing (-) (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Net lending (+) / net borrowing (–) equals government revenue minus expense, minus net investment in nonfinancial assets. It is also equal to the net result of transactions in financial assets and liabilities. Net lending/net borrowing is a summary measure indicating the extent to which government is either putting financial resources at the disposal of other sectors in the economy or abroad, or utilizing the financial resources generated by other sectors in the economy or from abroad. 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.