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Economy of Kiribati vs Mexico compared: GDP & Debt

Updated on by Georank

Kiribati has a GDP of $349M compared to $1.83T for Mexico, ranking 192/197 and 14/197 by economy size, respectively.

Kiribati has $27.8M in government debt (7.95% of GDP), compared to $1.13T (61.8% of GDP) in Mexico.

Kiribati vs Mexico GDP by year

Kiribati
Mexico
1x
Year GDP, current $
Kiribati Mexico
2025 $349,227,254 $1,832,641,364,776
2024 $343,153,235 $1,830,489,311,089
2023 $291,657,338 $1,794,410,347,718
2022 $271,214,375 $1,466,934,724,243
2021 $285,451,584 $1,316,569,466,834
2020 $220,909,307 $1,121,064,767,169
2019 $216,891,541 $1,304,106,204,006
2018 $233,859,230 $1,256,300,182,984
2017 $223,029,865 $1,190,721,475,853
2016 $206,467,819 $1,112,233,497,453
2015 $191,559,399 $1,213,294,467,654
2014 $200,287,282 $1,364,507,717,689
2013 $201,730,861 $1,327,436,290,439
2012 $207,001,546 $1,255,110,424,742
2011 $195,970,140 $1,229,013,703,417
2010 $165,458,433 $1,105,424,238,652
2009 $140,177,384 $943,437,414,951
2008 $147,017,895 $1,161,553,459,985
2007 $138,054,946 $1,102,355,554,880
2006 $112,338,353 $1,020,265,057,882
2005 $113,895,437 $917,571,853,437
2004 $104,085,892 $819,459,227,375
2003 $96,105,619 $765,549,967,889
2002 $74,743,869 $810,666,116,402
2001 $64,935,850 $796,064,590,549
2000 $74,910,527 $742,061,329,749
1999 $77,323,978 $631,249,359,702
1998 $74,905,706 $557,461,102,631
1997 $80,205,807 $523,449,530,464
1996 $81,456,854 $432,157,945,024
1995 $68,596,395 $380,157,469,867
1994 $67,055,334 $553,618,247,901
1993 $58,953,596 $530,160,763,663
1992 $61,491,369 $363,157,832,924
1991 $41,247,792 $313,139,656,146
1990 $36,534,295 $261,253,675,693
1989 $37,645,319 $221,403,098,267
1988 $38,278,810 $181,611,150,497
1987 $29,554,413 $147,542,558,209
1986 $25,993,009 $134,556,034,673
1985 $26,126,615 $195,241,069,482
1984 $34,394,167 $184,230,754,105
1983 $31,000,546 $156,167,000,433
1982 $32,742,713 $184,602,611,610
1981 $35,267,489 $263,797,827,860
1980 $33,157,723 $205,577,055,466
1979 $34,466,197 $134,531,900,899
1978 $36,563,965 $102,648,570,299
1977 $31,335,459 $81,912,018,784
1976 $33,246,817 $88,875,923,765
1975 $44,547,454 $88,000,000,000
1974 $69,256,489 $72,000,000,000
1973 $25,645,040 $55,280,000,000
1972 $15,314,346 $45,200,000,000
1971 $12,356,134 $39,200,000,000
1970 $11,560,877 $35,520,000,000
1969 - $32,480,000,000
1968 - $29,360,000,000
1967 - $26,560,000,000
1966 - $24,320,000,000
1965 - $21,840,000,000
1964 - $20,080,000,000
1963 - $16,960,000,000
1962 - $15,200,000,000
1961 - $14,160,000,000
1960 - $13,040,000,000

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

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

GDP per capita in Kiribati vs Mexico by year

Kiribati
GDP per capita

GDP per capita, PPP
Mexico
GDP per capita

GDP per capita, PPP
1x
Year Current $
Kiribati Mexico
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $2,559 - $13,889 -
2024 $2,551 $3,702 $13,988 $26,185
2023 $2,201 $3,486 $13,831 $25,243
2022 $2,079 $3,329 $11,406 $23,135
2021 $2,224 $3,020 $10,314 $20,783
2020 $1,752 $2,711 $8,841 $19,354
2019 $1,750 $2,763 $10,370 $20,964
2018 $1,916 $2,672 $10,085 $20,921
2017 $1,854 $2,562 $9,649 $20,489
2016 $1,743 $2,463 $9,098 $20,105
2015 $1,640 $2,311 $10,021 $19,071
2014 $1,737 $2,084 $11,391 $18,821
2013 $1,772 $2,049 $11,217 $18,170
2012 $1,844 $1,896 $10,744 $18,005
2011 $1,771 $1,786 $10,664 $17,267
2010 $1,522 $1,724 $9,729 $15,909
2009 $1,317 $1,718 $8,424 $15,191
2008 $1,411 $1,735 $10,524 $15,681
2007 $1,353 $1,792 $10,134 $15,032
2006 $1,123 $1,728 $9,513 $14,540
2005 $1,162 $1,617 $8,672 $13,260
2004 $1,083 $1,579 $7,850 $12,658
2003 $1,021 $1,578 $7,434 $12,066
2002 $810 $1,605 $7,983 $11,762
2001 $719 $1,591 $7,953 $11,739
2000 $845 $1,638 $7,524 $11,705
1999 $887 $1,526 $6,500 $11,031
1998 $874 $1,593 $5,833 $10,756
1997 $953 $1,535 $5,567 $10,182
1996 $986 $1,519 $4,674 $9,496
1995 $844 $1,518 $4,184 $8,933
1994 $838 $1,469 $6,202 $9,466
1993 $748 $1,431 $6,048 $9,041
1992 $792 $1,421 $4,221 $9,470
1991 $540 $1,139 $3,709 $9,079
1990 $488 $1,192 $3,154 $8,578
1989 $515 - $2,725 -
1988 $536 - $2,279 -
1987 $424 - $1,888 -
1986 $382 - $1,757 -
1985 $393 - $2,602 -
1984 $527 - $2,506 -
1983 $483 - $2,170 -
1982 $519 - $2,621 -
1981 $568 - $3,829 -
1980 $542 - $3,055 -
1979 $573 - $2,049 -
1978 $611 - $1,604 -
1977 $520 - $1,315 -
1976 $548 - $1,465 -
1975 $730 - $1,492 -
1974 $1,131 - $1,256 -
1973 $422 - $993 -
1972 $256.2 - $837 -
1971 $210.7 - $748 -
1970 $201 - $699 -
1969 - - $660 -
1968 - - $616 -
1967 - - $576 -
1966 - - $545 -
1965 - - $506 -
1964 - - $481 -
1963 - - $420 -
1962 - - $388 -
1961 - - $374 -
1960 - - $355 -

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

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

Kiribati's GDP per capita is $2,559, ranking 152/197, compared to $13,889 in Mexico, ranking 76/197. Adjusted for purchasing power (GDP per capita PPP), Kiribati ranks 169th at $3,702, while Mexico ranks 80th at $26,185.

Economic indicators

Kiribati Mexico
Gross domestic product
$349M
2025
$1.83T
2025
GDP rank
192/197
2025
14/197
2025
GDP growth
4.22%
2024-2025
0.56%
2024-2025
GDP per capita
$2,559
2025
$13,889
2025
GDP per capita rank
152/197
2025
76/197
2025
GDP per capita, PPP
$3,702
2024
$26,185
2024
GDP per capita PPP rank
169/197
2024
80/197
2024
Government debt
$27.8M
2025
$1.13T
2025
Debt-to-GDP ratio
7.95%
2025
61.8%
2025
Government debt per person
$203.4
2025
$8,577
2025
Government debt per person rank
181/185
2025
66/185
2025
Average annual personal income after taxes
$2,170
2026
$10,482
2026
Market capitalization of domestic companies n/a
$560B
2025
Number of millionaires n/a
333,000
2026
Number of billionaires n/a
22
2026
Income share by richest 10%
20.9%
2023
33.4%
2024
Income share by poorest 10%
4.4%
2023
2.1%
2024
Government expenditure, % of GDP
88.2%
2025
29.8%
2025
Consumer prices inflation
6.5%
2024-2025
3.81%
2024-2025
Central bank interest rate n/a
6.5%
2026
Unemployment rate
2.79%
2023
2.54%
2025
Population
139471
133551566

Spending and national debt comparison by year

Kiribati
Spending

Debt
Mexico
Spending

Debt
1x
Year % of GDP
Kiribati Mexico
Government spending Government debt Government spending Government debt
2025 88.2% 7.95% 29.8% 61.8%
2024 86.1% 8.9% 30.8% 59.1%
2023 94.4% 11.3% 28.6% 52.8%
2022 87.2% 16.2% 28.5% 53.8%
2021 84% 17.3% 26.7% 56.7%
2020 102.2% 21% 27.8% 58.5%
2019 108.3% 18.5% 25.3% 51.9%
2018 108.8% 19% 25% 52.2%
2017 92.1% 20.2% 25% 52.5%
2016 99% 21.2% 26.5% 55%
2015 90.9% 18.8% 26.6% 51%
2014 101.2% 8.97% 26.9% 47.1%
2013 78% 8.86% 26.7% 44.1%
2012 83.9% 8.13% 27% 40.8%
2011 80.9% 8.8% 26.6% 41.2%
2010 75.7% 9.43% 26.5% 40.2%
2009 74.7% 10.3% 26.5% 41.7%
2008 79.4% 13.9% 26.5% 40.6%
2007 77.3% 11.1% 22.5% 35.5%
2006 82.1% 12.9% 21.6% 35.8%
2005 95.6% 12.1% 21.2% 36.8%
2004 103.8% 13.6% 20.5% 38.9%
2003 84.4% 12.3% 21.5% 42.1%
2002 96.9% 13.3% 19.8% 39.9%
2001 101.3% 17% 19.5% 37.3%
2000 66% 12.7% 19.4% 38.5%
1999 77.6% 11.8% 20.1% 41.7%
1998 74.7% 9.81% 19.5% 39.7%
1997 70.9% 10.7% 20.7% 39.1%
1996 68.4% 11% 20.8% 42.5%
1995 69.6% 12.3% 18.9% 30.7%
1994 54.6% 12.3% 18.9% 26.8%
1993 55.3% 10.9% 18.2% 19.2%
1992 65.9% 7.31% 19% 21.5%
1991 82.1% 8.43% 20.1% 29.2%
1990 105.5% 7.72% 22.9% 35.7%
1989 - - 19.2% 36%
1988 - - 23.6% 36.5%
1987 - - 26.7% 52.7%
1986 - - 25.1% 47.8%
1985 - - 21.4% 30.4%
1984 - - 19.8% 25.2%
1983 - - 21.6% 25.3%
1982 - - 24.7% 29.8%
1981 - - 20.1% 41.7%
1980 - - 17.5% 31.4%
1979 - - 16.5% 35.8%
1978 - - 15.7% 39%
1977 - - 15.5% 41.5%
1976 - - 15.5% 31.3%
1975 - - 14.7% 24.4%
1974 - - 13.8% 21.7%
1973 - - 12.7% 20%
1972 - - 11.9% 17.9%
1971 - - 10.6% 17%
1970 - - 10.9% 17.1%
1969 - - 11.8% 10.7%
1968 - - 10.9% 7.85%
1967 - - 10.4% 8.22%
1966 - - 11.6% 5.14%
1965 - - 10.7% 9.99%
1964 - - 9.21% 6.22%
1963 - - 8.51% 4.13%
1962 - - 8.26% 4.2%
1961 - - 8.01% 4.38%
1960 - - 9.5% 4.58%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1995, retrieved 2026-07-08).

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

In 2025, Kiribati's government spending was $308M, accounting for 88.2% of its GDP, while Mexico spent $547B, or 29.8% of GDP.

Debt-to-GDP ratio is 7.95% in Kiribati and 61.8% in Mexico, ranking 182/185 and 73/185, respectively.

Government deficit by year

Deficit/surplus
Kiribati

Mexico
1x
Year Deficit/surplus, % of GDP
Kiribati Mexico
2025 -14.5% -4.86%
2024 -14.1% -5.78%
2023 1.81% -4.3%
2022 -18.2% -4.32%
2021 -10.8% -3.75%
2020 3.57% -4.29%
2019 10.8% -2.27%
2018 5.18% -2.14%
2017 34.1% -1.03%
2016 20.1% -2.68%
2015 42.5% -3.86%
2014 35% -4.37%
2013 11.8% -3.56%
2012 -5.43% -3.57%
2011 -17.6% -3.2%
2010 -7.8% -3.8%
2009 -8.56% -3.94%
2008 -15.8% -0.68%
2007 -12.5% -1.46%
2006 -12.3% -1.23%
2005 -9.96% -1.43%
2004 -19.2% -1.35%
2003 -8.93% -2.24%
2002 3.13% -2.18%
2001 -10.9% -2.57%
2000 -0.03% -2.69%
1999 -1.81% -4.49%
1998 14.6% -4.49%
1997 5.92% -3.48%
1996 -20.2% -3.66%
1995 -5.14% -2.28%
1994 0.74% -2.25%
1993 6.27% -1.51%
1992 0.79% 2.26%
1991 3.87% 1.49%
1990 -4.62% -3.11%
1989 - -4.75%
1988 - -8.76%
1987 - -11.6%
1986 - -11.2%
1985 - -7.2%
1984 - -5.79%
1983 - -6.03%
1982 - -11.4%
1981 - -4.9%
1980 - -1.75%
1979 - -2.15%
1978 - -1.88%
1977 - -2.43%
1976 - -3.14%
1975 - -2.64%
1974 - -3.33%
1973 - -2.75%
1972 - -2.3%
1971 - -1.43%
1970 - -1.71%
1969 - -2.74%
1968 - -2.06%
1967 - -2.12%
1966 - -3.2%
1965 - -2.51%
1964 - -1.44%
1963 - -0.92%
1962 - -0.79%
1961 - -0.88%
1960 - -1.36%
1959 - -0.73%
1958 - 0.24%
1957 - -0.03%
1956 - 0.52%
1955 - 0.6%
1954 - -0.94%
1953 - -0.58%
1952 - 0.42%
1951 - -0.26%
1950 - -0.2%
1949 - 0.44%
1948 - -1.55%
1947 - -0.93%
1946 - 0.66%
1945 - -1.11%
1944 - -1.12%
1943 - 0.05%
1942 - -0.93%
1941 - -0.26%
1940 - -0.4%
1939 - -0.06%
1938 - -0.91%
1937 - -0.41%
1936 - -0.39%
1935 - 0.26%
1934 - 0.72%
1933 - -0.58%
1932 - 0%
1931 - 0.71%
1930 - 0.21%
1929 - 0.95%
1928 - 0.24%
1927 - -0.3%
1926 - -0.29%
1925 - 0.46%
1924 - 1.34%
1923 - 1.02%
1922 - 1.13%
1921 - 0.64%
1920 - 0.91%
1919 - 0.41%
1918 - -0.19%
1917 - 0.63%
1916 - -
1915 - -
1914 - -
1913 - 0.28%
1912 - -0.79%
1911 - -0.31%
1910 - 0.1%
1909 - 0.15%
1908 - -0.08%
1907 - 0.43%
1906 - 0.72%
1905 - 0.35%
1904 - 1.09%
1903 - 3.82%
1902 - 0.42%
1901 - 0.62%
1900 - 0.76%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1900–1989, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Kiribati's government deficit, the difference between spending and revenue, was $50.6M, equivalent to 14.5% of GDP. This compares to Mexico's deficit of $89B, or 4.86% of GDP.

Over the past 36 years, Kiribati recorded a fiscal deficit in 20 of those years, while Mexico ran a deficit in 34 years. On average, Kiribati posted an annual deficit equal to 0.51% of GDP, compared to deficit of 2.75% of GDP for Mexico.

Inflation comparison by year

Inflation
Kiribati

Mexico
1x
Year Consumer prices inflation
Kiribati Mexico
2025 6.5% 3.81%
2024 2.5% 4.72%
2023 9.3% 5.53%
2022 5.3% 7.9%
2021 2.1% 5.69%
2020 2.6% 3.4%
2019 -1.8% 3.64%
2018 0.6% 4.9%
2017 0.4% 6.04%
2016 1.9% 2.82%
2015 0.6% 2.72%
2014 2.1% 4.02%
2013 -1.5% 3.81%
2012 -3% 4.11%
2011 1.5% 3.41%
2010 -3.9% 4.16%
2009 9.8% 5.3%
2008 13.7% 5.12%
2007 3.6% 3.97%
2006 -1% 3.63%
2005 -0.4% 3.99%
2004 -0.7% 4.69%
2003 1.6% 4.55%
2002 3.2% 5.03%
2001 6% 6.37%
2000 0.4% 9.49%
1999 1.8% 16.6%
1998 3.7% 15.9%
1997 2.6% 20.6%

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/kiribati/mexico | CC BY

Over the past 29 years, Kiribati has recorded an average annual inflation rate of 2.4%, compared with 6.07% in Mexico. In 2025, inflation was 6.5% in Kiribati and 3.81% in Mexico.

Balance of trade

Kiribati Mexico
Current account balance
-$61.3M
2025
-$8.2B
2025
Current account balance ranking
77/190
2025
171/190
2025
Current account balance, % of GDP
-17.6%
2025
-0.45%
2025
Goods imports
$270M
2025
$665B
2025
Goods exports
$17.3M
2025
$666B
2025
Service imports
$110M
2025
$75.4B
2025
Service exports
$8.63M
2025
$64B
2025
Imports of goods and services, % of GDP
97.6%
2024
40.3%
2025
Exports of goods and services, % of GDP
4.52%
2024
39.6%
2025

Economic freedom indices

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

Kiribati Mexico
Economic freedom 50.8 59.8
Economic freedom ranking 158/197 102/197
Property rights 69.6 37.6
Government integrity 50.5 28.8
Judicial effectiveness 54.6 40.4
Tax burden 72.6 75.4
Government spending 0 74.6
Fiscal health 19.8 56.7
Business freedom 60.2 67
Labor freedom 65.3 57.3
Monetary freedom 76.7 70.6
Trade freedom 80 74.2
Investment freedom 30 75
Financial freedom 30 60

Economic freedom comparison by year

Kiribati
Mexico
1x
Year Economic freedom index
Kiribati Mexico
2026 50.8 59.8
2025 50.9 61.3
2024 51.3 62
2023 58.8 63.2
2022 59.2 63.7
2021 44.4 65.5
2020 45.2 66
2019 47.3 64.7
2018 50.8 64.8
2017 50.9 63.6
2016 46.2 65.2
2015 46.4 66.4
2014 46.3 66.8
2013 45.9 67
2012 46.9 65.3
2011 44.8 67.8
2010 43.7 68.3
2009 45.7 65.8
2008 - 66.2
2007 - 66
2006 - 64.7
2005 - 65.2
2004 - 66
2003 - 65.3
2002 - 63
2001 - 60.6
2000 - 59.3
1999 - 58.5
1998 - 57.9
1997 - 57.1
1996 - 61.2
1995 - 63.1

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

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

The Economic Freedom Index for Kiribati is 50.8, ranking 158/197, compared to 59.8 for Mexico, ranking 102/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Kiribati Mexico
Services, % of GDP
70.3%
2024
58.9%
2025
Industry, % of GDP
11.8%
2024
30.6%
2025
Agriculture, forestry, and fishing, % of GDP
23.2%
2024
3.88%
2025
GNI, Atlas method
$537M
2025
$1.81T
2025
GNI per capita, PPP
$6,080
2025
$25,070
2025
Total reserves including gold n/a
$256B
2025
Total reserves ranking n/a
17/177
2025
Net foreign direct investment
-$4.14M
2025
-$31.8B
2025
Net inflows of foreign direct investment
$8.07M
2024
$45.5B
2024
Net outflows of foreign direct investment
$16.4K
2024
$13B
2024
Servicing debt to the IMF, % of GNI n/a
3.77%
2024
Poverty at national poverty lines
5.5%
2023
29.6%
2024
Gross capital formation, % of GDP
29.9%
2024
22.6%
2025

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/kiribati/mexico | 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 (1900–1995, 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)

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.

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.