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Economy of Kiribati vs Mauritania compared: GDP & Debt

Updated on by Georank team

Kiribati has a GDP of $308M compared to $10.8B for Mauritania, ranking 192/197 and 152/197 by economy size, respectively.

Kiribati has $30.5M in government debt (8.77% of GDP), compared to $4.84B (45.7% of GDP) in Mauritania.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Kiribati
GDP, current $

GDP, constant 2015 $
Mauritania
GDP, current $

GDP, constant 2015 $
Year GDP
Kiribati Mauritania
Current $ Constant $ Current $ Constant $
1961 - - $159,213,430 $1,064,724,230
1962 - - $164,271,558 $1,072,460,606
1963 - - $168,186,297 $1,051,185,480
1964 - - $224,495,744 $1,342,268,057
1965 - - $255,340,475 $1,558,887,712
1966 - - $266,533,605 $1,562,488,150
1967 - - $282,615,310 $1,618,224,178
1968 - - $311,395,937 $1,783,225,478
1969 - - $295,062,308 $1,805,489,621
1970 $11,560,877 $84,746,575 $309,405,316 $2,021,894,364
1971 $12,356,134 $82,805,827 $335,568,907 $2,059,155,581
1972 $15,314,346 $92,808,131 $391,669,449 $2,044,063,867
1973 $25,645,040 $112,214,203 $493,237,876 $1,950,348,507
1974 $69,256,489 $163,050,326 $613,010,553 $2,187,561,811
1975 $44,547,454 $171,764,420 $703,377,837 $2,075,244,196
1976 $33,246,817 $125,786,121 $775,045,517 $2,252,596,743
1977 $31,335,459 $119,984,073 $799,030,017 $2,210,279,603
1978 $36,563,965 $121,255,417 $804,629,877 $2,199,124,016
1979 $34,466,197 $107,207,984 $951,900,945 $2,304,462,932
1980 $33,157,723 $106,050,818 $1,047,925,106 $2,382,151,222
1981 $35,267,489 $112,543,455 $1,105,494,682 $2,464,342,310
1982 $32,742,713 $111,316,560 $1,108,776,653 $2,406,678,570
1983 $31,000,546 $100,432,092 $1,165,171,263 $2,496,576,246
1984 $34,394,167 $114,410,720 $1,074,373,230 $2,416,015,114
1985 $26,126,615 $99,262,600 $1,009,723,326 $2,488,368,981
1986 $25,993,009 $96,815,059 $1,186,628,778 $2,630,543,917
1987 $29,554,413 $98,066,620 $1,344,664,725 $2,680,534,357
1988 $38,278,810 $119,685,813 $1,414,951,290 $2,726,650,215
1989 $37,645,319 $110,957,795 $1,450,647,019 $2,856,918,259
1990 $36,534,295 $103,872,769 $1,506,914,408 $2,806,313,536
1991 $41,247,792 $98,005,325 $2,133,692,697 $2,856,492,871
1992 $61,491,369 $121,486,649 $2,164,298,425 $2,910,027,139
1993 $58,953,596 $121,360,309 $1,847,353,211 $3,080,951,582
1994 $67,055,334 $123,842,439 $1,944,876,755 $2,986,651,906
1995 $68,596,395 $127,250,841 $2,091,726,101 $3,279,935,161
1996 $81,456,854 $127,184,611 $2,132,087,009 $3,470,788,902
1997 $80,205,807 $128,681,743 $2,071,996,564 $3,330,406,023
1998 $74,905,706 $134,398,139 $2,032,347,665 $3,422,918,202
1999 $77,323,978 $129,137,484 $1,985,922,776 $3,548,648,091
2000 $74,910,527 $137,844,792 $1,779,520,886 $3,409,611,141
2001 $64,935,850 $133,510,774 $1,746,063,558 $3,382,351,510
2002 $74,743,869 $135,442,881 $1,777,057,481 $3,429,078,154
2003 $96,105,619 $133,309,024 $2,051,147,607 $3,666,653,932
2004 $104,085,892 $132,497,215 $2,362,501,023 $3,840,187,785
2005 $113,895,437 $134,209,649 $2,936,019,526 $4,169,149,304
2006 $112,338,353 $141,962,853 $3,919,577,286 $4,933,487,730
2007 $138,054,946 $146,299,931 $4,346,212,355 $4,836,326,500
2008 $147,017,895 $141,933,271 $5,206,437,194 $4,820,314,428
2009 $140,177,384 $142,695,171 $4,714,595,548 $4,825,032,355
2010 $165,458,433 $144,444,545 $5,628,878,798 $4,951,459,275
2011 $195,970,140 $149,158,821 $6,764,627,746 $5,158,072,940
2012 $207,001,546 $157,815,491 $6,728,208,836 $5,388,639,481
2013 $201,730,861 $170,016,084 $7,223,071,097 $5,612,311,839
2014 $200,287,282 $172,164,514 $6,592,537,782 $5,852,228,253
2015 $191,559,399 $191,559,399 $6,166,863,897 $6,166,863,897
2016 $206,467,819 $205,137,195 $6,398,747,592 $6,244,622,453
2017 $222,875,736 $212,828,030 $6,800,135,898 $6,636,194,356
2018 $233,514,717 $220,233,253 $7,473,550,557 $6,952,885,074
2019 $216,985,388 $227,422,300 $7,894,764,886 $7,171,275,535
2020 $220,897,999 $224,083,588 $8,260,752,385 $7,145,411,800
2021 $285,259,894 $243,085,289 $9,222,536,364 $7,198,481,874
2022 $270,040,457 $254,185,355 $9,557,966,698 $7,687,691,069
2023 $288,610,732 $260,926,379 $10,651,709,314 $8,187,943,518
2024 $307,862,547 $274,669,108 $10,766,731,874 $8,613,716,581

Economic indicators

Kiribati Mauritania
Gross domestic product
$308M
2024
$10.8B
2024
GDP rank
192/197
2024
152/197
2024
GDP growth
6.67%
2023-2024
1.08%
2023-2024
GDP per capita
$2,289
2024
$2,083
2024
GDP per capita rank
151/197
2024
157/197
2024
GDP per capita, PPP
$3,702
2024
$7,271
2024
Government debt
$30.5M
2024
$4.84B
2024
Debt-to-GDP ratio
8.77%
2025
45.7%
2025
Government debt per person
$226.9
2024
$936
2024
Government debt per person rank
181/185
2024
144/185
2024
Average annual personal income after taxes
$2,170
2025
$2,194
2025
Income share by richest 10%
22.8%
2019
24.6%
2019
Income share by poorest 10%
4%
2019
3.1%
2019
Government expenditure, % of GDP
126.6%
2025
25.5%
2025
Consumer prices inflation
7.8%
2024-2025
2.49%
2023-2024
Unemployment rate
2.79%
2023
10.4%
2019
Population
138067
5432542

GDP per capita in Kiribati vs Mauritania

Kiribati's GDP per capita is $2,289, ranking 151/197, compared to $2,083 in Mauritania, ranking 157/197. Adjusted for purchasing power (GDP per capita PPP), Kiribati ranks 169th at $3,702, while Mauritania ranks 146th at $7,271.

Kiribati
GDP per capita

GDP per capita, PPP
Mauritania
GDP per capita

GDP per capita, PPP
Year Current $
Kiribati Mauritania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1961 - - $188.2 -
1962 - - $189 -
1963 - - $188.2 -
1964 - - $244.3 -
1965 - - $270 -
1966 - - $273.6 -
1967 - - $281.5 -
1968 - - $301 -
1969 - - $276.6 -
1970 $201 - $281.3 -
1971 $210.7 - $296 -
1972 $256.2 - $335 -
1973 $422 - $410 -
1974 $1,131 - $494 -
1975 $730 - $551 -
1976 $548 - $589 -
1977 $520 - $590 -
1978 $611 - $578 -
1979 $573 - $664 -
1980 $542 - $711 -
1981 $568 - $729 -
1982 $519 - $710 -
1983 $483 - $725 -
1984 $527 - $650 -
1985 $393 - $593 -
1986 $382 - $677 -
1987 $424 - $746 -
1988 $536 - $762 -
1989 $515 - $762 -
1990 $488 $1,192 $772 $2,070
1991 $540 $1,139 $1,062 $2,116
1992 $792 $1,421 $1,036 $2,122
1993 $748 $1,431 $850 $2,209
1994 $838 $1,469 $865 $2,114
1995 $844 $1,518 $905 $2,306
1996 $986 $1,519 $904 $2,436
1997 $953 $1,535 $859 $2,325
1998 $874 $1,593 $821 $2,355
1999 $887 $1,526 $781 $2,411
2000 $845 $1,638 $681 $2,304
2001 $719 $1,591 $652 $2,280
2002 $810 $1,605 $649 $2,296
2003 $1,021 $1,578 $732 $2,447
2004 $1,083 $1,579 $824 $2,570
2005 $1,162 $1,617 $999 $2,809
2006 $1,123 $1,728 $1,301 $3,342
2007 $1,353 $1,792 $1,405 $3,278
2008 $1,411 $1,735 $1,636 $3,236
2009 $1,317 $1,718 $1,435 $3,159
2010 $1,522 $1,724 $1,660 $3,178
2011 $1,771 $1,786 $1,931 $3,271
2012 $1,844 $1,896 $1,859 $3,465
2013 $1,772 $2,049 $1,934 $3,831
2014 $1,737 $2,084 $1,713 $3,865
2015 $1,640 $2,311 $1,555 $3,978
2016 $1,743 $2,463 $1,566 $4,683
2017 $1,853 $2,562 $1,615 $5,353
2018 $1,913 $2,672 $1,723 $5,429
2019 $1,751 $2,763 $1,767 $5,610
2020 $1,752 $2,711 $1,796 $5,741
2021 $2,222 $3,020 $1,948 $5,837
2022 $2,070 $3,329 $1,960 $6,485
2023 $2,178 $3,486 $2,121 $6,946
2024 $2,289 $3,702 $2,083 $7,271

Spending and national debt comparison

In 2024, Kiribati's government spending was $302M, accounting for 126.6% of its GDP, while Mauritania's spent $2.6B, or 25.5% of GDP.

Debt-to-GDP ratio is 8.77% in Kiribati and 45.7% in Mauritania, ranking 180/185 and 116/185, respectively.

Kiribati
Government spending

Government debt
Mauritania
Government spending

Government debt
Year % of GDP
Kiribati Mauritania
Government spending Government debt Government spending Government debt
1990 105.5% 7.72% - -
1991 82.1% 8.43% - -
1992 65.9% 7.31% - -
1993 55.3% 10.9% - -
1994 54.6% 12.3% - -
1995 69.6% 12.3% - -
1996 68.4% 11% - -
1997 70.9% 10.7% - -
1998 74.7% 9.81% - -
1999 77.6% 11.8% - -
2000 66% 12.7% - 55.5%
2001 101.3% 17% - 63.5%
2002 96.9% 13.3% - 59.5%
2003 84.4% 12.3% - 22.9%
2004 103.8% 13.6% 23.9% 22%
2005 95.6% 12.1% 21.3% 71.1%
2006 82.1% 12.9% 19% 38%
2007 77.3% 11.1% 19.7% 61.5%
2008 79.4% 13.9% 19.8% 57.2%
2009 74.7% 10.3% 19.6% 54.3%
2010 75.7% 9.43% 17.3% 43.9%
2011 80.9% 8.8% 17% 38.8%
2012 83.9% 8.13% 21.5% 39.3%
2013 78% 8.86% 20.1% 40.7%
2014 101.2% 8.97% 23.9% 49.5%
2015 90.9% 18.8% 25.7% 59.9%
2016 99% 21.2% 20.8% 57.6%
2017 92.1% 20.2% 20.3% 55.7%
2018 108.8% 19% 19% 59.2%
2019 108.3% 19% 17.8% 57.7%
2020 102.2% 21% 18.5% 56.5%
2021 84% 17.3% 20.8% 54.5%
2022 87.5% 16.3% 28.7% 50.5%
2023 95.3% 11.4% 25% 47.5%
2024 98.1% 9.92% 24.1% 44.9%
2025 126.6% 8.77% 25.5% 45.7%

Government deficit by year

In 2024, Kiribati's government deficit, the difference between spending and revenue, was -$67.7M, equivalent to -22% of GDP. This compares to Mauritania's deficit of -$13.5M, or -0.12% of GDP.

Over the past 21 years, Kiribati recorded a fiscal deficit in 12 of those years, while Mauritania ran a deficit in 12 years. On average, Kiribati posted an annual surplus equal to +0.14% of GDP, compared to deficit of -0.51% of GDP for Mauritania.

Deficit/surplus
Kiribati

Mauritania
Year Deficit/surplus, % of GDP
Kiribati Mauritania
1990 -4.62% -
1991 3.87% -
1992 0.79% -
1993 6.27% -
1994 0.74% -
1995 -5.14% -
1996 -20.2% -
1997 5.92% -
1998 14.6% -
1999 -1.81% -
2000 -0.03% -
2001 -10.9% -
2002 3.13% -
2003 -8.93% -
2004 -19.2% -3.06%
2005 -9.96% -3.16%
2006 -12.3% 2.05%
2007 -12.5% -1.38%
2008 -15.8% -3.32%
2009 -8.56% -3.59%
2010 -7.8% -0.45%
2011 -17.6% 0.07%
2012 -5.43% 1.67%
2013 11.8% -0.66%
2014 35% -2.64%
2015 42.5% -2.44%
2016 20.1% 0.13%
2017 34.1% 0.53%
2018 5.18% 3.23%
2019 10.8% 2.65%
2020 3.57% 2.78%
2021 -10.8% 2.6%
2022 -18.3% -3.09%
2023 0.13% -2.47%
2024 -22% -0.12%
2025 -15.1% -1.27%

Inflation comparison by year

Over the past 29 years, Kiribati has recorded an average annual inflation rate of 2.11%, compared with 4.96% in Mauritania. In 2024, inflation was 7.8% in Kiribati and 2.49% in Mauritania.

Inflation
Kiribati

Mauritania
Year Inflation
Kiribati Mauritania Kiribati Mauritania
1996 -1.7% 4.68%
1997 2.6% 4.63%
1998 3.7% 8.03%
1999 1.8% 4.07%
2000 0.4% 3.25%
2001 6% 4.71%
2002 3.2% 3.9%
2003 1.6% 5.15%
2004 -0.7% 10.4%
2005 -0.4% 12.1%
2006 -1% 6.24%
2007 3.6% 7.25%
2008 13.7% 7.35%
2009 9.8% 2.22%
2010 -3.9% 6.28%
2011 1.5% 5.69%
2012 -3% 4.9%
2013 -1.5% 4.13%
2014 2.1% 3.53%
2015 0.6% 3.25%
2016 1.9% 1.47%
2017 0.4% 2.25%
2018 0.6% 3.07%
2019 -1.8% 2.3%
2020 2.6% 2.39%
2021 2.1% 3.57%
2022 5.3% 9.53%
2023 9.3% 4.95%
2024 2.5% 2.49%
2025 7.8% -

Balance of trade

Kiribati Mauritania
Current account balance
-$59.5M
2024
-$1.04B
2024
Current account balance ranking
81/189
2024
123/189
2024
Current account balance, % of GDP
-19.3%
2024
-9.65%
2024
Goods imports
$227M
2024
$4.32B
2024
Goods exports
$8.49M
2024
$3.83B
2024
Service imports
$108M
2024
$1.05B
2024
Service exports
$7M
2024
$230M
2024
Imports of goods and services, % of GDP
94.9%
2024
53.2%
2023
Exports of goods and services, % of GDP
6.27%
2024
38.3%
2023

Economic freedom indices

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

Kiribati Mauritania
Economic freedom 50.9 54.9
Economic freedom ranking 159/197 131/197
Property rights 68.5 35.8
Government integrity 48.9 23.8
Judicial effectiveness 59.9 28.3
Tax burden 72.9 75.8
Government spending 0 81.5
Fiscal health 19.7 95.4
Business freedom 62.8 38.8
Labor freedom 65.3 53.6
Monetary freedom 72.5 74.6
Trade freedom 80 60.6
Investment freedom 30 50
Financial freedom 30 40

Economic freedom by year comparison

The Economic Freedom Index for Kiribati is 50.9, ranking 159/197, compared to 54.9 for Mauritania, ranking 131/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Kiribati
Mauritania
Year Economic freedom index
Kiribati Mauritania
1996 - 45.5
1997 - 47
1998 - 43.7
1999 - 42.8
2000 - 46
2001 - 48.5
2002 - 52.5
2003 - 59
2004 - 61.8
2005 - 59.4
2006 - 55.7
2007 - 53.6
2008 - 55.2
2009 45.7 53.9
2010 43.7 52
2011 44.8 52.1
2012 46.9 53
2013 45.9 52.3
2014 46.3 53.2
2015 46.4 53.3
2016 46.2 54.8
2017 50.9 54.4
2018 50.8 54
2019 47.3 55.7
2020 45.2 55.3
2021 44.4 56.1
2022 59.2 55.3
2023 58.8 55.3
2024 51.3 55.3
2025 50.9 54.9

More economic indicators

Kiribati Mauritania
Services, % of GDP
65.7%
2022
43.2%
2024
Industry, % of GDP
9.86%
2022
30.6%
2024
Agriculture, forestry, and fishing, % of GDP
27.8%
2022
18.6%
2024
GNI, Atlas method
$487M
2024
$10.8B
2024
GNI per capita, PPP
$5,990
2024
$7,200
2024
Total reserves including gold n/a
$2.04B
2021
Total reserves ranking n/a
126/177
2021
Net foreign direct investment
-$8.06M
2024
-$1.44B
2024
Net inflows of foreign direct investment
$8.07M
2024
$1.44B
2024
Net outflows of foreign direct investment
$16.4K
2024
$3.9M
2024
Servicing debt to the IMF, % of GNI
n/a
3.68%
2023
Poverty at national poverty lines
5.5%
2023
31.8%
2019
Gross capital formation, % of GDP
20.4%
2022
42.4%
2023

GDP per capita map

GDP per capita

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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.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

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.