Kiribati: Fiscal balance, percent of GDP
* indicates monthly or quarterly data series
| Kiribati |
Fiscal balance, percent of GDP |
|---|---|
| Latest value | -13.12 |
| Year | 2022 |
| Measure | percent |
| Data availability | 2011 - 2022 |
| Average | 20.11 |
| Min - Max | -13.12 - 56.07 |
| Source | Asian Development Bank |
The latest value from 2022 is -13.12 percent, a decline from -3.29 percent in 2021. In comparison, the world average is -2.50 percent, based on data from 163 countries. Historically, the average for Kiribati from 2011 to 2022 is 20.11 percent. The minimum value, -13.12 percent, was reached in 2022 while the maximum of 56.07 percent was recorded in 2015.
See the global rankings for that indicator or
use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series
Recent data
Historical series
Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.
Selected articles from our guide:
What factors determine the exchange rates
International lending and sovereign debt
All articles
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 70.44 | 2021 | percent |
| Fiscal balance, percent of GDP | -13.12 | 2022 | percent |
| Government debt | 14.10 | 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 |