Subsidies and other transfers in Kiribati
Kiribati: Subsidies and other transfers was 35.5% in 2023. ▲ Rising
Subsidies and other transfers in Kiribati, 2011–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
The most recent figure for subsidies and other transfers in Kiribati is 35.5%, measured in 2023.
Compared with earlier readings it is down 0.7% on the previous year and up 124.3% over ten years.
Over the whole period, subsidies and other transfers in Kiribati peaked at 36.7% in 2021 and was at its lowest, 12.5%, in 2015.
That places Kiribati 81st out of 152 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 13 years of available data.
Subsidies and other transfers in Kiribati, year by year
| Year | % of expense | Change |
|---|---|---|
| 2011 | 14.2% | — |
| 2012 | 15.1% | +6.0% |
| 2013 | 15.8% | +5.2% |
| 2014 | 16.2% | +2.5% |
| 2015 | 12.5% | -23.0% |
| 2016 | 21.3% | +70.5% |
| 2017 | 25.7% | +20.4% |
| 2018 | 18.7% | -27.0% |
| 2019 | 19.1% | +1.8% |
| 2020 | 28.8% | +51.2% |
| 2021 | 36.7% | +27.3% |
| 2022 | 35.8% | -2.6% |
| 2023 | 35.5% | -0.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 17.6% | 12.5% | 25.7% | 9 |
| 2020s | 34.2% | 28.8% | 36.7% | 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)
- 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 subsidies and other transfers in Kiribati?
- Subsidies and other transfers in Kiribati was 35.5% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest subsidies and other transfers recorded in Kiribati?
- The highest recorded value was 36.7% in 2021.
- What is the lowest subsidies and other transfers recorded in Kiribati?
- The lowest recorded value was 12.5% in 2015.
- How does Kiribati rank for subsidies and other transfers?
- Kiribati ranks 81st out of 152 countries with data for 2023.
- Is subsidies and other transfers rising or falling in Kiribati?
- Over the last ten years it is up 124.3%. The long-run trend across the full record is rising.
- 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 Subsidies and other transfers (% of expense). Statizoid updates them automatically from the source API.
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CSV · JSON — 13 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Subsidies are current unrequited payments that government units, including nonresident government units, make to enterprises on the basis of the levels of their production activities or the quantities or values of the goods or services that they produce, sell, export or import. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.