Kiribati: Fiscal balance, percent of GDP

* indicates monthly or quarterly data series
 Kiribati

Fiscal balance, percent of GDP

 Latest value -3.29
 Year 2021
 Measure percent
 Data availability 2011 - 2021
 Average 23.13
 Min - Max -6.9 - 56.07
 Source Asian Development Bank
For that indicator, we provide data for Kiribati from 2011 to 2021. The average value for Kiribati during that period was 23.13 percent with a minimum of -6.9 percent in 2011 and a maximum of 56.07 percent in 2015. The latest value from 2021 is -3.29 percent. For comparison, the world average in 2021 based on 171 countries is -4.10 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 - Fiscal balance, percent of GDP - recent values

Historical chart
Kiribati - Fiscal balance, percent of GDP - historical chart - 2011-2021




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.


 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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