Kiribati: Trade (% of GDP)
In , Kiribati's Trade (% of GDP) was 107.60.
That's down 0.1% from 2022, the highest value since .
The global average for this indicator in 2023 was 92.19 .
Source: World Bank Open Data (NE.TRD.GNFS.ZS) • Data as of 2023
Trend (2005–2023)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 123.59
- Trough
- 74.50
- 1-year change
- -0.1%
- 5-year change
- +29.1%
- +5.2% / yr
- 10-year change
- +11.2%
- +1.1% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 107.6038 | |
| 107.6859 | |
| 74.5005 | |
| 78.4052 | |
| 98.3140 | |
| 83.3664 | |
| 100.5613 | |
| 111.2698 | |
| 109.8891 | |
| 104.1880 |
About Trade (% of GDP)
Trade is the sum of exports and imports of goods and services. 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.
Indicator code: NE.TRD.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Kiribati's Trade (% of GDP) in 2023?
- In 2023, Kiribati's Trade (% of GDP) was 107.60, according to World Bank Open Data.
- Is Kiribati's Trade (% of GDP) rising or falling?
- Kiribati's Trade (% of GDP) fell 0.1% from 2022 to 2023.
- How does Kiribati's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2023 was 92.19, so Kiribati is above the world average.
- What is Trade (% of GDP) and how is it measured?
- Trade is the sum of exports and imports of goods and services. 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.
Source: World Bank Open Data (NE.TRD.GNFS.ZS), CC BY 4.0.