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Economy of Ireland vs Kiribati compared: GDP & Debt

Updated on by Georank

Ireland has a GDP of $722B compared to $349M for Kiribati, ranking 24/197 and 192/197 by economy size, respectively.

Ireland has $238B in government debt (32.9% of GDP), compared to $27.8M (7.95% of GDP) in Kiribati.

Ireland vs Kiribati GDP by year

Ireland
Kiribati
1x
Year GDP, current $
Ireland Kiribati
2025 $721,701,359,046 $349,227,254
2024 $609,157,459,747 $343,153,235
2023 $567,372,737,459 $291,657,338
2022 $548,341,794,599 $271,214,375
2021 $530,394,123,830 $285,451,584
2020 $436,009,027,819 $220,909,307
2019 $407,211,793,801 $216,891,541
2018 $395,780,319,817 $233,859,230
2017 $348,355,212,569 $223,029,865
2016 $305,431,252,709 $206,467,819
2015 $302,101,388,556 $191,559,399
2014 $266,490,442,124 $200,287,282
2013 $242,924,245,719 $201,730,861
2012 $226,921,827,888 $207,001,546
2011 $240,975,871,047 $195,970,140
2010 $221,732,824,603 $165,458,433
2009 $236,443,115,854 $140,177,384
2008 $275,447,471,451 $147,017,895
2007 $270,079,279,420 $138,054,946
2006 $232,180,617,162 $112,338,353
2005 $211,876,989,656 $113,895,437
2004 $194,372,115,041 $104,085,892
2003 $164,670,771,260 $96,105,619
2002 $128,596,035,288 $74,743,869
2001 $109,346,669,230 $64,935,850
2000 $100,207,610,430 $74,910,527
1999 $98,893,958,263 $77,323,978
1998 $90,199,410,116 $74,905,706
1997 $82,856,648,758 $80,205,807
1996 $75,790,786,290 $81,456,854
1995 $69,139,823,232 $68,596,395
1994 $57,097,656,066 $67,055,334
1993 $52,417,477,614 $58,953,596
1992 $55,918,538,121 $61,491,369
1991 $49,787,501,584 $41,247,792
1990 $49,305,632,408 $36,534,295
1989 $39,238,392,678 $37,645,319
1988 $37,772,896,221 $38,278,810
1987 $33,920,518,493 $29,554,413
1986 $28,714,571,852 $25,993,009
1985 $21,270,013,326 $26,126,615
1984 $20,106,648,455 $34,394,167
1983 $20,766,047,764 $31,000,546
1982 $21,474,752,962 $32,742,713
1981 $20,670,190,138 $35,267,489
1980 $21,747,855,640 $33,157,723
1979 $18,319,334,300 $34,466,197
1978 $14,647,996,074 $36,563,965
1977 $11,248,340,431 $31,335,459
1976 $9,453,756,015 $33,246,817
1975 $9,483,808,362 $44,547,454
1974 $7,896,860,615 $69,256,489
1973 $7,481,173,066 $25,645,040
1972 $6,318,060,582 $15,314,346
1971 $5,098,250,287 $12,356,134
1970 $4,395,995,086 $11,560,877
1969 $3,902,721,632 -
1968 $3,378,701,147 -
1967 $3,445,739,915 -
1966 $3,198,820,904 -
1965 $3,035,655,794 -
1964 $2,851,091,646 -
1963 $2,505,073,358 -
1962 $2,329,372,972 -
1961 $2,151,772,980 -
1960 $1,998,550,222 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/ireland/kiribati | CC BY

GDP per capita in Ireland vs Kiribati by year

Ireland
GDP per capita

GDP per capita, PPP
Kiribati
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ireland Kiribati
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $131,592 - $2,559 -
2024 $112,895 $133,437 $2,551 $3,702
2023 $106,819 $129,683 $2,201 $3,486
2022 $105,191 $138,523 $2,079 $3,329
2021 $103,783 $116,904 $2,224 $3,020
2020 $86,514 $97,800 $1,752 $2,711
2019 $81,828 $92,023 $1,750 $2,763
2018 $80,804 $86,299 $1,916 $2,672
2017 $72,161 $80,450 $1,854 $2,562
2016 $64,130 $73,013 $1,743 $2,463
2015 $64,250 $71,588 $1,640 $2,311
2014 $57,215 $52,641 $1,737 $2,084
2013 $52,538 $48,839 $1,772 $2,049
2012 $49,336 $46,726 $1,844 $1,896
2011 $52,614 $45,526 $1,771 $1,786
2010 $48,624 $43,212 $1,522 $1,724
2009 $52,133 $41,491 $1,317 $1,718
2008 $61,353 $44,169 $1,411 $1,735
2007 $61,396 $46,782 $1,353 $1,792
2006 $54,329 $44,223 $1,123 $1,728
2005 $50,933 $40,466 $1,162 $1,617
2004 $47,754 $38,729 $1,083 $1,579
2003 $41,204 $36,280 $1,021 $1,578
2002 $32,705 $35,222 $810 $1,605
2001 $28,282 $32,573 $719 $1,591
2000 $26,335 $30,216 $845 $1,638
1999 $26,338 $27,041 $887 $1,526
1998 $24,295 $25,094 $874 $1,593
1997 $22,551 $22,637 $953 $1,535
1996 $20,836 $20,482 $986 $1,519
1995 $19,158 $18,944 $844 $1,518
1994 $15,903 $17,011 $838 $1,469
1993 $14,657 $15,811 $748 $1,431
1992 $15,714 $15,116 $792 $1,421
1991 $14,087 $14,399 $540 $1,139
1990 $14,031 $13,743 $488 $1,192
1989 $11,176 - $515 -
1988 $10,716 - $536 -
1987 $9,582 - $424 -
1986 $8,112 - $382 -
1985 $6,012 - $393 -
1984 $5,692 - $527 -
1983 $5,915 - $483 -
1982 $6,161 - $519 -
1981 $5,986 - $568 -
1980 $6,372 - $542 -
1979 $5,430 - $573 -
1978 $4,400 - $611 -
1977 $3,427 - $520 -
1976 $2,920 - $548 -
1975 $2,973 - $730 -
1974 $2,517 - $1,131 -
1973 $2,424 - $422 -
1972 $2,080 - $256.2 -
1971 $1,704 - $210.7 -
1970 $1,487 - $201 -
1969 $1,331 - - -
1968 $1,159 - - -
1967 $1,187 - - -
1966 $1,107 - - -
1965 $1,055 - - -
1964 $995 - - -
1963 $878 - - -
1962 $821 - - -
1961 $762 - - -
1960 $707 - - -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/ireland/kiribati | CC BY

Ireland's GDP per capita is $131,592, ranking 4/197, compared to $2,559 in Kiribati, ranking 152/197. Adjusted for purchasing power (GDP per capita PPP), Ireland ranks 4th at $133,437, while Kiribati ranks 169th at $3,702.

Economic indicators

Ireland Kiribati
Gross domestic product
$722B
2025
$349M
2025
GDP rank
24/197
2025
192/197
2025
GDP growth
12.3%
2024-2025
4.22%
2024-2025
GDP per capita
$131,592
2025
$2,559
2025
GDP per capita rank
4/197
2025
152/197
2025
GDP per capita, PPP
$133,437
2024
$3,702
2024
GDP per capita PPP rank
4/197
2024
169/197
2024
Government debt
$238B
2025
$27.8M
2025
Debt-to-GDP ratio
32.9%
2025
7.95%
2025
Government debt per person
$43,334
2025
$203.4
2025
Government debt per person rank
14/185
2025
181/185
2025
Average annual personal income after taxes
$47,174
2026
$2,170
2026
Market capitalization of domestic companies
$110B
2018
n/a
Number of millionaires
192,000
2026
n/a
Number of billionaires
11
2026
n/a
Income share by richest 10%
24.1%
2023
20.9%
2023
Income share by poorest 10%
3.7%
2023
4.4%
2023
Government expenditure, % of GDP
21.6%
2025
88.2%
2025
Consumer prices inflation
2.21%
2024-2025
6.5%
2024-2025
Unemployment rate
4.7%
2025
2.79%
2023
Population
5562212
139471

Spending and national debt comparison by year

Ireland
Spending

Debt
Kiribati
Spending

Debt
1x
Year % of GDP
Ireland Kiribati
Government spending Government debt Government spending Government debt
2025 21.6% 32.9% 88.2% 7.95%
2024 22.4% 38.3% 86.1% 8.9%
2023 22.2% 41.8% 94.4% 11.3%
2022 20.7% 42.9% 87.2% 16.2%
2021 23.5% 52.4% 84% 17.3%
2020 26.7% 56.9% 102.2% 21%
2019 23.9% 55.8% 108.3% 18.5%
2018 24.7% 61.3% 108.8% 19%
2017 25.3% 65.2% 92.1% 20.2%
2016 27.5% 72.7% 99% 21.2%
2015 28.1% 74% 90.9% 18.8%
2014 36.6% 101.4% 101.2% 8.97%
2013 39.8% 117.7% 78% 8.86%
2012 42.3% 118.9% 83.9% 8.13%
2011 46.9% 109.6% 80.9% 8.8%
2010 64.9% 86.2% 75.7% 9.43%
2009 46.9% 61.8% 74.7% 10.3%
2008 41.6% 42.5% 79.4% 13.9%
2007 35.6% 23.9% 77.3% 11.1%
2006 33.6% 23.7% 82.1% 12.9%
2005 33% 26.1% 95.6% 12.1%
2004 32.8% 28.1% 103.8% 13.6%
2003 32.7% 29.8% 84.4% 12.3%
2002 32.9% 30.9% 96.9% 13.3%
2001 32.2% 33.6% 101.3% 17%
2000 30.6% 36.4% 66% 12.7%
1999 32.5% 46.6% 77.6% 11.8%
1998 34.2% 51.4% 74.7% 9.81%
1997 36.1% 61.6% 70.9% 10.7%
1996 38.5% 69.8% 68.4% 11%
1995 40.3% 78.5% 69.6% 12.3%
1994 43.9% 88% 54.6% 12.3%
1993 44.6% 93.4% 55.3% 10.9%
1992 44.8% 90.6% 65.9% 7.31%
1991 44.4% 93.8% 82.1% 8.43%
1990 42.8% 92.7% 105.5% 7.72%
1989 42.5% 97.9% - -
1988 48.2% 106.5% - -
1987 51.4% 108.3% - -
1986 52.9% 107.2% - -
1985 53.2% 93% - -
1984 52.7% 90.2% - -
1983 55.6% 86.1% - -
1982 56.7% 73.5% - -
1981 54.1% 68.8% - -
1980 53.7% 64.6% - -
1979 48.7% 63.5% - -
1978 46.2% 50.6% - -
1977 44.6% 49.2% - -
1976 47.8% 51.7% - -
1975 48.2% 48.3% - -
1974 44.3% 43.5% - -
1973 40.3% 35.1% - -
1972 41.5% 37.3% - -
1971 45.3% 39.8% - -
1970 44.1% 41.7% - -
1969 42.5% 42.6% - -
1968 40% 44.7% - -
1967 39.3% 47.1% - -
1966 36.9% 47.7% - -
1965 35.8% 44.6% - -
1964 34.8% 43.1% - -
1963 33.6% 45.2% - -
1962 31.7% 44.5% - -
1961 31.4% 44.3% - -
1960 29.1% 44.9% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1994, retrieved 2026-07-08).

GeoRank.org/economy/ireland/kiribati | CC BY

In 2025, Ireland's government spending was $156B, accounting for 21.6% of its GDP, while Kiribati spent $308M, or 88.2% of GDP.

Debt-to-GDP ratio is 32.9% in Ireland and 7.95% in Kiribati, ranking 149/185 and 182/185, respectively.

Government deficit by year

Deficit/surplus
Ireland

Kiribati
1x
Year Deficit/surplus, % of GDP
Ireland Kiribati
2025 1.54% -14.5%
2024 4.02% -14.1%
2023 1.36% 1.81%
2022 1.58% -18.2%
2021 -1.31% -10.8%
2020 -4.87% 3.57%
2019 0.41% 10.8%
2018 0.09% 5.18%
2017 -0.3% 34.1%
2016 -0.76% 20.1%
2015 -1.97% 42.5%
2014 -3.52% 35%
2013 -6.28% 11.8%
2012 -8.42% -5.43%
2011 -13.5% -17.6%
2010 -32.1% -7.8%
2009 -13.9% -8.56%
2008 -7.03% -15.8%
2007 0.27% -12.5%
2006 2.78% -12.3%
2005 1.57% -9.96%
2004 1.3% -19.2%
2003 0.35% -8.93%
2002 -0.52% 3.13%
2001 0.96% -10.9%
2000 4.86% -0.03%
1999 3.54% -1.81%
1998 2.07% 14.6%
1997 1.37% 5.92%
1996 -0.2% -20.2%
1995 -2.07% -5.14%
1994 -1.98% 0.74%
1993 -2.7% 6.27%
1992 -2.92% 0.79%
1991 -2.82% 3.87%
1990 -2.77% -4.62%
1989 -2.64% -
1988 -4.62% -
1987 -8.47% -
1986 -10.5% -
1985 -10.7% -
1984 -9.43% -
1983 -11.5% -
1982 -13.1% -
1981 -12.1% -
1980 -11.1% -
1979 -10% -
1978 -8.27% -
1977 -6.44% -
1976 -7.34% -
1975 -11.1% -
1974 -6.96% -
1973 -3.84% -
1972 -3.23% -
1971 -3.5% -
1970 -3.64% -
1969 -3.4% -
1968 -2.72% -
1967 -2.69% -
1966 -2.26% -
1965 -3.5% -
1964 -3.35% -
1963 -2.92% -
1962 -2.91% -
1961 -2.6% -
1960 -1.97% -
1959 -2.16% -
1958 -4.3% -
1957 -5.19% -
1956 -3.23% -
1955 -5.06% -
1954 -5.28% -
1953 -5.77% -
1952 -7.84% -
1951 -4.62% -
1950 -5.21% -
1949 -2.17% -
1948 -1.29% -
1947 -1.8% -
1946 -0.43% -
1945 -0.43% -
1944 0.39% -
1943 -1.18% -
1942 -2.48% -
1941 -1.42% -
1940 -0.15% -
1939 -7.31% -
1938 -0.92% -
1937 -0.77% -
1936 -0.19% -
1935 - -
1934 - -
1933 2.97% -
1932 - -
1931 -1.63% -
1930 - -
1929 -3.41% -
1928 - -
1927 - -
1926 -1.95% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1926–1994, retrieved 2026-07-08).

GeoRank.org/economy/ireland/kiribati | CC BY

In 2025, Ireland's government surplus, the difference between spending and revenue, was $11.2B, equivalent to 1.54% of GDP. This compares to Kiribati's deficit of $50.6M, or 14.5% of GDP.

Over the past 36 years, Ireland recorded a fiscal deficit in 20 of those years, while Kiribati ran a deficit in 20 years. On average, Ireland posted an annual deficit equal to 2.27% of GDP, compared to deficit of 0.51% of GDP for Kiribati.

Inflation comparison by year

Inflation
Ireland

Kiribati
1x
Year Consumer prices inflation
Ireland Kiribati
2025 2.21% 6.5%
2024 2.11% 2.5%
2023 6.3% 9.3%
2022 7.83% 5.3%
2021 2.34% 2.1%
2020 -0.33% 2.6%
2019 0.94% -1.8%
2018 0.47% 0.6%
2017 0.36% 0.4%
2016 0.02% 1.9%
2015 -0.33% 0.6%
2014 0.19% 2.1%
2013 0.52% -1.5%
2012 1.69% -3%
2011 2.55% 1.5%
2010 -0.92% -3.9%
2009 -4.45% 9.8%
2008 4.04% 13.7%
2007 4.89% 3.6%
2006 3.94% -1%
2005 2.46% -0.4%
2004 2.18% -0.7%
2003 3.49% 1.6%
2002 4.63% 3.2%
2001 4.85% 6%
2000 5.58% 0.4%
1999 1.63% 1.8%
1998 2.41% 3.7%
1997 1.54% 2.6%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/ireland/kiribati | CC BY

Over the past 29 years, Ireland has recorded an average annual inflation rate of 2.18%, compared with 2.4% in Kiribati. In 2025, inflation was 2.21% in Ireland and 6.5% in Kiribati.

Top exports between countries

Ireland
Export category Export value
Chemicals & pharma $142K
Kiribati
Export category Export value

Balance of trade

Ireland Kiribati
Current account balance
$106B
2024
-$61.3M
2025
Current account balance ranking
7/190
2024
77/190
2025
Current account balance, % of GDP
+17.4%
2024
-17.6%
2025
Goods imports
$165B
2024
$270M
2025
Goods exports
$356B
2024
$17.3M
2025
Service imports
$467B
2024
$110M
2025
Service exports
$526B
2024
$8.63M
2025
Imports of goods and services, % of GDP
99.9%
2025
97.6%
2024
Exports of goods and services, % of GDP
140.1%
2025
4.52%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Ireland Kiribati
Economic freedom 83.3 50.8
Economic freedom ranking 3/197 158/197
Property rights 94.4 69.6
Government integrity 84 50.5
Judicial effectiveness 95.4 54.6
Tax burden 77.7 72.6
Government spending 85.9 0
Fiscal health 97 19.8
Business freedom 85.5 60.2
Labor freedom 61.3 65.3
Monetary freedom 79.3 76.7
Trade freedom 79.4 80
Investment freedom 90 30
Financial freedom 70 30

Economic freedom comparison by year

Ireland
Kiribati
1x
Year Economic freedom index
Ireland Kiribati
2026 83.3 50.8
2025 83.1 50.9
2024 82.6 51.3
2023 82 58.8
2022 82 59.2
2021 81.4 44.4
2020 80.9 45.2
2019 80.5 47.3
2018 80.4 50.8
2017 76.7 50.9
2016 77.3 46.2
2015 76.6 46.4
2014 76.2 46.3
2013 75.7 45.9
2012 76.9 46.9
2011 78.7 44.8
2010 81.3 43.7
2009 82.2 45.7
2008 82.5 -
2007 82.6 -
2006 82.2 -
2005 80.8 -
2004 80.3 -
2003 80.9 -
2002 80.5 -
2001 81.2 -
2000 76.1 -
1999 74.6 -
1998 73.7 -
1997 72.6 -
1996 68.5 -
1995 68.5 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

GeoRank.org/economy/ireland/kiribati | CC BY

The Economic Freedom Index for Ireland is 83.3, ranking 3/197, compared to 50.8 for Kiribati, ranking 158/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Ireland Kiribati
Services, % of GDP
56.7%
2025
70.3%
2024
Industry, % of GDP
37.8%
2025
11.8%
2024
Agriculture, forestry, and fishing, % of GDP
1.06%
2025
23.2%
2024
GNI, Atlas method
$479B
2025
$537M
2025
GNI per capita, PPP
$106,310
2025
$6,080
2025
Total reserves including gold
$13.7B
2025
n/a
Total reserves ranking
73/177
2025
n/a
Net foreign direct investment
$62.3B
2024
-$4.14M
2025
Net inflows of foreign direct investment
$4.82B
2024
$8.07M
2024
Net outflows of foreign direct investment
$67.1B
2024
$16.4K
2024
Poverty at national poverty lines
14%
2021
5.5%
2023
Gross capital formation, % of GDP
22.9%
2025
29.9%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/ireland/kiribati | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1926–1994, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)
  8. TradeMap (2020, retrieved 2026-07-08)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.