Kiribati Gross Savings
Gross savings as % of GDP NY.GNS.ICTR.ZS
Kiribati's gross savings was 29.80% in 2023, ranked 46th globally. This represents a 15.1% increase from 2022. Data from World Bank, covering 2006–2023.
Overview
Kiribati's gross savings stood at 29.80% in 2023, a rise of +3.90% from 2022. Kiribati ranked 46th globally.
Kiribati’s gross savings rate has risen dramatically from a low of 2.63 percent in 2006, the all‑time trough, to a peak of 65.84 percent in 2015, before settling at 29.80 percent in 2023, placing the nation 46th in the world. This upward trajectory reflects a marked improvement in fiscal discipline and the accumulation of reserves after a period of external debt stress in the early 2000s. The 2023 figure is virtually identical to the savings shares of peers such as the Netherlands (29.50 percent) and North Macedonia (29.96 percent), suggesting that Kiribati has joined a group of small economies that now retain roughly thirty percent of their gross domestic product. The sustained high savings rate could enable greater investment in climate‑resilient infrastructure, but maintaining the current level will depend on the stability of external aid flows and the ability to diversify the narrow export base.
Data & projection
| Year | Gross Savings | YoY change | Rank |
|---|---|---|---|
| 2023 | 29.80% | +3.90% | #46 |
| 2022 | 25.90% | +1.67% | #66 |
| 2021 | 24.23% | −21.88% | #80 |
| 2020 | 46.11% | −8.28% | #4 |
| 2019 | 54.39% | +1.83% | #1 |
| 2018 | 52.56% | −4.53% | #2 |
| 2017 | 57.08% | +18.54% | #1 |
| 2016 | 38.54% | −27.31% | #8 |
| 2015 | 65.84% | +11.20% | #2 |
| 2014 | 54.65% | +29.46% | #6 |
| 2013 | 25.19% | −0.91% | #65 |
| 2012 | 26.10% | +15.56% | #58 |
| 2011 | 10.54% | −5.35% | #156 |
| 2010 | 15.88% | +9.92% | #127 |
| 2009 | 5.96% | −4.43% | #167 |
Analysis
Kiribati's gross savings was 29.80% in 2023, a rise of +3.90% from 2022.
Frequently Asked Questions
Kiribati's gross savings was 29.80% in 2023. Ranked 46th globally. This represents a 15.1% increase from the previous year.
Kiribati's gross savings peaked at 65.84% in 2015.
The lowest gross savings in Kiribati was 2.63% in 2006.
Kiribati ranks 46th globally in gross savings as of 2023.
The World Bank indicator code is NY.GNS.ICTR.ZS. Data sourced from World Bank.
The gross savings of Kiribati in 2023 was 29.80%. This ranks 46th in the world.
Cite this page
@misc{historysaid_kiribati_gross-savings,
title = {Kiribati Gross Savings},
url = {https://historysaid.com/kiribati/gross-savings/},
publisher = {HistorySaid},
year = {2026}
}