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Kiribati GDP Annual Growth Rate

Kiribati's GDP annual growth rate rose to 5.27% in 2024, up from 2.65% in 2023, according to World Bank. This represents an increase of 2.62% from the previous year. Kiribati has GDP annual growth rate higher than the global median (5.27% vs median 3.24%). Compared with the median in Oceania, Kiribati is higher (5.27% vs regional median 3.00%) and ranks 3rd out of 19 countries in Oceania.

Kiribati's real GDP rose to $274.67 million in 2024, up from $260.93 million in 2023.

Yearly Historical Data (1971-2024)

(in %)
Year GDP Annual Growth Rate (%)
2024 5.27%
2023 2.65%
2022 4.57%
2021 8.48%
2020 -1.47%
2019 3.26%
2018 3.48%
2017 3.75%
2016 7.09%
2015 11.27%
2014 1.26%
2013 7.73%
2012 5.8%
2011 3.26%
2010 1.23%
2009 0.54%
2008 -2.98%
2007 3.06%
2006 5.78%
2005 1.29%
2004 -0.61%
2003 -1.58%
2002 1.45%
2001 -3.14%
2000 6.74%
1999 -3.91%
1998 4.44%
1997 1.18%
1996 -0.05%
1995 2.75%
1994 2.05%
1993 -0.1%
1992 23.96%
1991 -5.65%
1990 -6.39%
1989 -7.29%
1988 22.05%
1987 1.29%
1986 -2.47%
1985 -13.24%
1984 13.92%
1983 -9.78%
1982 -1.09%
1981 6.12%
1980 -1.08%
1979 -11.58%
1978 1.06%
1977 -4.61%
1976 -26.77%
1975 5.34%
1974 45.3%
1973 20.91%
1972 12.08%
1971 -2.29%
Kiribati GDP Annual Growth Rate : Definition
GDP Annual Growth Rate measures the yearly percentage change in Kiribati's total economic output.
Indicator Last Value Prior Value Period
GDP $307.86M $288.61M 2024
GDP per Capita $2,041.88 $1,968.81 2024
GDP per Capita PPP $3,257.14 $3,140.58 2024
Real GDP $274.67M $260.93M 2024