Taxes on international trade in Kiribati
Kiribati: Taxes on international trade was 0.5% in 2023. ◆ Volatile
Taxes on international trade in Kiribati, 2011–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
The most recent figure for taxes on international trade in Kiribati is 0.5%, measured in 2023.
The figure is down 77.2% on the previous year and down 96.2% over ten years.
Over the whole period, taxes on international trade in Kiribati peaked at 17.4% in 2011 and was at its lowest, 0.3%, in 2018.
Kiribati ranks 125th of 154 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes on international trade in Kiribati, year by year
| Year | % of revenue | Change |
|---|---|---|
| 2011 | 17.4% | — |
| 2012 | 13.6% | -21.9% |
| 2013 | 11.8% | -12.7% |
| 2014 | 3.2% | -73.2% |
| 2015 | 1.1% | -64.4% |
| 2016 | 1.4% | +20.9% |
| 2017 | 2.0% | +43.3% |
| 2018 | 0.3% | -83.6% |
| 2019 | 1.5% | +375.6% |
| 2020 | 1.5% | +0.6% |
| 2021 | 3.0% | +91.5% |
| 2022 | 2.0% | -32.2% |
| 2023 | 0.5% | -77.2% |
Kiribati compared with similar countries
- Kiribati's 0.5% is below the median for lower middle income countries, which is 7.8%, 6% of the median. (36 countries reporting)
- Kiribati's 0.5% is below the median for East Asia & Pacific, which is 4.5%, 10% of the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 5.8% | 0.3% | 17.4% | 9 |
| 2020s | 1.7% | 0.5% | 3.0% | 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 taxes on international trade in Kiribati?
- Taxes on international trade in Kiribati was 0.5% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on international trade recorded in Kiribati?
- The highest recorded value was 17.4% in 2011.
- What is the lowest taxes on international trade recorded in Kiribati?
- The lowest recorded value was 0.3% in 2018.
- How does Kiribati rank for taxes on international trade?
- Kiribati ranks 125th out of 154 countries with data for 2023.
- Is taxes on international trade rising or falling in Kiribati?
- Over the last ten years it is down 96.2%. 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 Taxes on international trade (% of revenue). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 13 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Taxes on international trade are taxes that become payable when goods cross the national or customs frontiers of the economic territory or when transactions in services exchange between residents and non-residents. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.