Kiribati: Government debt

* indicates monthly or quarterly data series

Government debt as percent of GDP

 Latest value 17.08
 Year 2021
 Measure percent
 Data availability 1988 - 2021
 Average 12.63
 Min - Max 2.11 - 23.47
 Source International Monetary Fund (IMF)
For that indicator, we provide data for Kiribati from 1988 to 2021. The average value for Kiribati during that period was 12.63 percent with a minimum of 2.11 percent in 1988 and a maximum of 23.47 percent in 2016. The latest value from 2021 is 17.08 percent. For comparison, the world average in 2021 based on 172 countries is 64.08 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Kiribati - Government debt - recent values

Historical chart
Kiribati - Government debt - historical chart - 1988-2021

The government debt in Kiribati and other countries is calculated as the total amount owed by the national government to domestic and international lenders. It is reported as percent of GDP so that we can evaluate its magnitude relative to the size of the economy.

Government debt of about 60 percent or less of GDP is not considered a problem. The government can make payments without strain and even has some room to borrow more. If debt levels reach 80-90 percent that may have negative effects on the economy. Debt above 120 percent of GDP is quite detrimental.
Definition: Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year.

 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 70.44 2021 percent
 Government spending, in dollars 0.16 2021 billion U.S. dollars
 Fiscal balance, percent of GDP -3.29 2021 percent
 Government debt 17.08 2021 percent
 Tax revenue 27.38 2021 percent
 Commercial tax rate 32.70 2019 percent
 Tax preparation time 168 2019 hours
 Number of taxes 11 2019 taxes
 Taxes on goods and services 14.77 2021 percent
 Taxes on international trade 2.95 2021 percent
 Income and profits taxes 8.23 2021 percent
 Foreign aid 72.79 2021 million U.S. dollars
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