Kiribati: Savings, percent of GDP

The latest value from 2024 is 12.85 percent, a decline from 16.84 percent in 2023. In comparison, the world average is 22.62 percent, based on data from 146 countries. Historically, the average for Kiribati from 2006 to 2024 is 28.45 percent. The minimum value, 2.63 percent, was reached in 2006 while the maximum of 65.84 percent was recorded in 2015. See the global rankings for that indicator or use the country comparator to compare trends over time.

The savings in Kiribati and other countries is calculated as the difference between income and consumption, expressed as percent of GDP.

Definition: Savings is an amount that represents the part of disposable income (adjusted for thechange in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. 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.