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Economy of Kiribati vs Netherlands compared: GDP & Debt

Updated on by Georank team

Kiribati has a GDP of $308M compared to $1.21T for the Netherlands, ranking 192/197 and 19/197 by economy size, respectively.

Kiribati has $30.5M in government debt (9.92% of GDP), compared to $532B (43.8% of GDP) in the Netherlands.

Kiribati vs Netherlands GDP by year

Kiribati
Netherlands
1x
Year GDP, current $
Kiribati Netherlands
2024 $307,862,564 $1,214,927,698,573
2023 $288,610,748 $1,135,475,867,551
2022 $270,040,453 $1,046,540,797,549
2021 $285,259,881 $1,054,472,123,450
2020 $220,898,020 $932,560,861,701
2019 $216,985,388 $928,903,005,576
2018 $233,514,717 $929,733,599,797
2017 $222,875,736 $848,233,537,846
2016 $206,467,819 $797,163,949,290
2015 $191,559,399 $775,743,675,303
2014 $200,287,282 $901,556,501,756
2013 $201,730,861 $883,951,539,007
2012 $207,001,546 $845,689,017,066
2011 $195,970,140 $913,140,741,333
2010 $165,458,433 $852,464,982,433
2009 $140,177,384 $878,954,223,140
2008 $147,017,895 $957,901,566,041
2007 $138,054,946 $853,499,460,873
2006 $112,338,353 $737,593,995,289
2005 $113,895,437 $688,133,699,636
2004 $104,085,892 $661,224,886,143
2003 $96,105,619 $582,435,617,082
2002 $74,743,869 $475,529,972,123
2001 $64,935,850 $432,536,219,669
2000 $74,910,527 $417,649,282,154
1999 $77,323,978 $447,778,514,140
1998 $74,905,706 $438,612,530,549
1997 $80,205,807 $417,506,211,882
1996 $81,456,854 $451,372,549,020
1995 $68,596,395 $452,967,334,614
1994 $67,055,334 $379,688,232,232
1993 $58,953,596 $354,070,495,966
1992 $61,491,369 $363,497,050,125
1991 $41,247,792 $327,982,316,124
1990 $36,534,295 $318,799,003,994
1989 $37,645,319 $258,716,904,292
1988 $38,278,810 $262,295,966,105
1987 $29,554,413 $245,406,949,521
1986 $25,993,009 $201,157,708,221
1985 $26,126,615 $144,057,523,222
1984 $34,394,167 $144,124,462,912
1983 $31,000,546 $153,671,294,109
1982 $32,742,713 $158,712,765,536
1981 $35,267,489 $164,375,775,854
1980 $33,157,723 $195,439,301,707
1979 $34,466,197 $179,933,827,310
1978 $36,563,965 $156,089,077,205
1977 $31,335,459 $127,203,923,857
1976 $33,246,817 $109,329,386,564
1975 $44,547,454 $100,397,061,694
1974 $69,256,489 $87,371,810,804
1973 $25,645,040 $71,946,639,603
1972 $15,314,346 $54,787,070,173
1971 $12,356,134 $44,644,730,576
1970 $11,560,877 $38,220,884,519
1969 - $34,086,038,090
1968 - $30,097,635,751
1967 - $27,143,828,099
1966 - $24,741,480,717
1965 - $22,721,869,808
1964 - $20,232,048,553
1963 - $17,193,744,109
1962 - $15,847,582,341
1961 - $14,599,836,396
1960 - $13,282,979,015

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Kiribati vs Netherlands by year

Kiribati
GDP per capita

GDP per capita, PPP
Netherlands
GDP per capita

GDP per capita, PPP
1x
Year Current $
Kiribati Netherlands
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,289 $3,702 $67,520 $86,174
2023 $2,178 $3,486 $63,516 $81,729
2022 $2,070 $3,329 $59,123 $78,630
2021 $2,222 $3,020 $60,142 $68,574
2020 $1,752 $2,711 $53,468 $62,597
2019 $1,751 $2,763 $53,555 $62,345
2018 $1,913 $2,672 $53,955 $58,819
2017 $1,853 $2,562 $49,514 $56,038
2016 $1,743 $2,463 $46,809 $53,162
2015 $1,640 $2,311 $45,794 $50,957
2014 $1,737 $2,084 $53,457 $49,751
2013 $1,772 $2,049 $52,602 $49,622
2012 $1,844 $1,896 $50,474 $47,653
2011 $1,771 $1,786 $54,702 $47,004
2010 $1,522 $1,724 $51,306 $45,301
2009 $1,317 $1,718 $53,172 $44,959
2008 $1,411 $1,735 $58,247 $46,714
2007 $1,353 $1,792 $52,101 $44,203
2006 $1,123 $1,728 $45,124 $41,208
2005 $1,162 $1,617 $42,165 $37,778
2004 $1,083 $1,579 $40,611 $35,961
2003 $1,021 $1,578 $35,897 $34,286
2002 $810 $1,605 $29,447 $34,568
2001 $719 $1,591 $26,956 $33,259
2000 $845 $1,638 $26,225 $31,895
1999 $887 $1,526 $28,319 $29,316
1998 $874 $1,593 $27,924 $27,749
1997 $953 $1,535 $26,745 $26,062
1996 $986 $1,519 $29,064 $24,564
1995 $844 $1,518 $29,301 $23,480
1994 $838 $1,469 $24,683 $22,414
1993 $748 $1,431 $23,156 $21,443
1992 $792 $1,421 $23,939 $20,831
1991 $540 $1,139 $21,764 $20,177
1990 $488 $1,192 $21,322 $19,203
1989 $515 - $17,423 -
1988 $536 - $17,771 -
1987 $424 - $16,734 -
1986 $382 - $13,804 -
1985 $393 - $9,941 -
1984 $527 - $9,992 -
1983 $483 - $10,696 -
1982 $519 - $11,089 -
1981 $568 - $11,537 -
1980 $542 - $13,812 -
1979 $573 - $12,817 -
1978 $611 - $11,196 -
1977 $520 - $9,180 -
1976 $548 - $7,937 -
1975 $730 - $7,346 -
1974 $1,131 - $6,450 -
1973 $422 - $5,353 -
1972 $256.2 - $4,110 -
1971 $210.7 - $3,384 -
1970 $201 - $2,931 -
1969 - - $2,647 -
1968 - - $2,364 -
1967 - - $2,155 -
1966 - - $1,986 -
1965 - - $1,848 -
1964 - - $1,668 -
1963 - - $1,437 -
1962 - - $1,342 -
1961 - - $1,254 -
1960 - - $1,156 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Kiribati's GDP per capita is $2,289, ranking 152/197, compared to $67,520 in the Netherlands, ranking 13/197. Adjusted for purchasing power (GDP per capita PPP), Kiribati ranks 169th at $3,702, while the Netherlands ranks 11th at $86,174.

Economic indicators

Kiribati Netherlands
Gross domestic product
$308M
2024
$1.21T
2024
GDP rank
192/197
2024
19/197
2024
GDP growth
5.27%
2023-2024
1.08%
2023-2024
GDP per capita
$2,289
2024
$67,520
2024
GDP per capita rank
152/197
2024
13/197
2024
GDP per capita, PPP
$3,702
2024
$86,174
2024
GDP per capita PPP rank
169/197
2024
11/197
2024
Government debt
$30.5M
2024
$532B
2024
Debt-to-GDP ratio
9.92%
2024
43.8%
2024
Government debt per person
$226.9
2024
$29,571
2024
Government debt per person rank
181/185
2024
24/185
2024
Average annual personal income after taxes
$1,967
2026
$47,815
2026
Market capitalization of domestic companies n/a
$1.1T
2017
Number of millionaires n/a
1,267,000
2025
Number of billionaires n/a
13
2025
Income share by richest 10%
22.8%
2019
21.4%
2021
Income share by poorest 10%
4%
2019
3.6%
2021
Government expenditure, % of GDP
98.1%
2024
44.4%
2024
Consumer prices inflation
2.5%
2023-2024
3.35%
2023-2024
Unemployment rate
2.79%
2023
3.64%
2024
Population
139020
18252623

Spending and national debt comparison by year

Kiribati
Spending

Debt
Netherlands
Spending

Debt
1x
Year % of GDP
Kiribati Netherlands
Government spending Government debt Government spending Government debt
2024 98.1% 9.92% 44.4% 43.8%
2023 95.3% 11.4% 44% 45.9%
2022 87.5% 16.3% 43.3% 48.4%
2021 84% 17.3% 45.9% 50.5%
2020 102.2% 21% 47.8% 53.4%
2019 108.3% 19% 42.1% 47.7%
2018 108.8% 19% 42.4% 51.6%
2017 92.1% 20.2% 42.8% 56%
2016 99% 21.2% 43.9% 60.9%
2015 90.9% 18.8% 45.3% 63.8%
2014 101.2% 8.97% 46.7% 67.2%
2013 78% 8.86% 47.5% 67.2%
2012 83.9% 8.13% 47.6% 65.7%
2011 80.9% 8.8% 47.8% 61.2%
2010 75.7% 9.43% 48.9% 58.9%
2009 74.7% 10.3% 48.4% 56.3%
2008 79.4% 13.9% 44.3% 54.4%
2007 77.3% 11.1% 43.3% 42.7%
2006 82.1% 12.9% 44% 45%
2005 95.6% 12.1% 43.4% 49.6%
2004 103.8% 13.6% 44.7% 50.1%
2003 84.4% 12.3% 45.8% 49.8%
2002 96.9% 13.3% 44.8% 48.7%
2001 101.3% 17% 44.1% 49.4%
2000 66% 12.7% 43.2% 52.2%
1999 77.6% 11.8% 44.3% 58.6%
1998 74.7% 9.81% 44.6% 62.7%
1997 70.9% 10.7% 45.7% 65.7%
1996 68.4% 11% 47.3% 71.2%
1995 69.6% 12.3% 53.9% 73%
1994 54.6% 12.3% 49.4% 73.5%
1993 55.3% 10.9% 50.9% 76.7%
1992 65.9% 7.31% 50.2% 75.6%
1991 82.1% 8.43% 49.6% 74.8%
1990 105.5% 7.72% 48.8% 75%
1989 - - 54.5% 73.7%
1988 - - 56.4% 73.7%
1987 - - 58.5% 71.3%
1986 - - 57% 68.9%
1985 - - 57.3% 67.1%
1984 - - 58.1% 61.9%
1983 - - 59.1% 58.4%
1982 - - 59.1% 52.4%
1981 - - 56.8% 46.9%
1980 - - 55.2% 43.6%
1979 - - 53.7% 39.5%
1978 - - 52.3% 38.1%
1977 - - 50.6% 34.9%
1976 - - 50.8% 35.2%
1975 - - 50.8% 36.1%
1974 - - 46.4% 36.3%
1973 - - 44.6% 38.1%
1972 - - 44.9% 41.3%
1971 - - 44.6% 43.7%
1970 - - 43.2% 46.1%
1969 - - 42.1% 48.2%
1968 - - 25.4% 54.4%
1967 - - 24.1% 55%
1966 - - 24.4% 55.6%
1965 - - 23.4% 55.8%
1964 - - 22.3% 57.1%
1963 - - 21.9% 61.7%
1962 - - 22.1% 63.8%
1961 - - 22.2% 65.9%
1960 - - 20.4% 66.7%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-02-20).

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

In 2024, Kiribati's government spending was $302M, accounting for 98.1% of its GDP, while the Netherlands spent $540B, or 44.4% of GDP.

Debt-to-GDP ratio is 9.92% in Kiribati and 43.8% in the Netherlands, ranking 180/185 and 123/185, respectively.

Government deficit by year

Deficit/surplus
Kiribati

Netherlands
1x
Year Deficit/surplus, % of GDP
Kiribati Netherlands
2024 -22% -0.94%
2023 0.13% -0.37%
2022 -18.3% 0.002%
2021 -10.8% -2.26%
2020 3.57% -3.72%
2019 10.8% 1.91%
2018 5.18% 1.49%
2017 34.1% 1.35%
2016 20.1% 0.23%
2015 42.5% -1.84%
2014 35% -2.17%
2013 11.8% -2.87%
2012 -5.43% -3.83%
2011 -17.6% -4.42%
2010 -7.8% -5.3%
2009 -8.56% -5.06%
2008 -15.8% -0.06%
2007 -12.5% -0.16%
2006 -12.3% 0.04%
2005 -9.96% -0.51%
2004 -19.2% -1.82%
2003 -8.93% -3.19%
2002 3.13% -2.23%
2001 -10.9% -0.47%
2000 -0.03% 1.14%
1999 -1.81% 0.28%
1998 14.6% -1.34%
1997 5.92% -1.6%
1996 -20.2% -1.91%
1995 -5.14% -8.72%
1994 0.74% -3.53%
1993 6.27% -3.13%
1992 0.79% -3.12%
1991 3.87% -2.05%
1990 -4.62% -4.08%
1989 - -5%
1988 - -4.23%
1987 - -5.39%
1986 - -4.62%
1985 - -3.6%
1984 - -5.25%
1983 - -5.47%
1982 - -6.17%
1981 - -4.92%
1980 - -3.95%
1979 - -2.46%
1978 - -2.09%
1977 - -0.75%
1976 - -2.02%
1975 - -2.82%
1974 - -0.26%
1973 - 0.54%
1972 - -0.7%
1971 - -1.58%
1970 - -1.52%
1969 - -1.14%
1968 - -3.06%
1967 - -1.97%
1966 - -2.37%
1965 - -1.15%
1964 - -1.2%
1963 - -0.54%
1962 - -1.38%
1961 - -0.38%
1960 - 0.9%
1959 - -0.74%
1958 - -0.89%
1957 - 0.3%
1956 - -0.83%
1955 - -0.25%
1954 - 0.76%
1953 - -2.95%
1952 - 2.19%
1951 - 2.13%
1950 - 0.81%
1949 - 2.3%
1948 - -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 - -3.19%
1938 - -0.37%
1937 - 0.02%
1936 - -0.41%
1935 - -0.69%
1934 - -0.92%
1933 - -2.55%
1932 - -1.97%
1931 - -1.66%
1930 - -0.55%
1929 - -1.16%
1928 - -0.62%
1927 - -0.33%
1926 - -0.78%
1925 - -2.04%
1924 - -3.37%
1923 - -2.62%
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - -0.45%
1912 - -0.47%
1911 - -0.13%
1910 - -0.93%
1909 - -0.34%
1908 - -0.57%
1907 - 0.03%
1906 - 0.16%
1905 - 0.1%
1904 - -0.72%
1903 - 0.09%
1902 - -0.14%
1901 - 0.03%
1900 - 0.06%
1899 - -0.13%
1898 - -0.48%
1897 - -0.45%
1896 - 0.08%
1895 - -0.06%
1894 - 0.12%
1893 - -0.76%
1892 - -1.72%
1891 - -0.06%
1890 - -0.06%
1889 - 0.04%
1888 - -0.31%
1887 - -0.37%
1886 - -0.08%
1885 - -0.55%
1884 - 0%
1883 - -2.1%
1882 - -1.11%
1881 - -1.06%
1880 - 0.21%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2024, Kiribati's government deficit, the difference between spending and revenue, was $67.7M, equivalent to 22% of GDP. This compares to the Netherlands' deficit of $11.5B, or 0.94% of GDP.

Over the past 35 years, Kiribati recorded a fiscal deficit in 19 of those years, while the Netherlands ran a deficit in 27 years. On average, Kiribati posted an annual deficit equal to 0.38% of GDP, compared to deficit of 1.84% of GDP for the Netherlands.

Inflation comparison by year

Inflation
Kiribati

Netherlands
1x
Year Consumer prices inflation
Kiribati Netherlands
2024 2.5% 3.35%
2023 9.3% 3.84%
2022 5.3% 10%
2021 2.1% 2.68%
2020 2.6% 1.27%
2019 -1.8% 2.63%
2018 0.6% 1.7%
2017 0.4% 1.38%
2016 1.9% 0.32%
2015 0.6% 0.6%
2014 2.1% 0.98%
2013 -1.5% 2.51%
2012 -3% 2.46%
2011 1.5% 2.34%
2010 -3.9% 1.28%
2009 9.8% 1.19%
2008 13.7% 2.49%
2007 3.6% 1.61%
2006 -1% 1.1%
2005 -0.4% 1.69%
2004 -0.7% 1.26%
2003 1.6% 2.09%
2002 3.2% 3.29%
2001 6% 4.16%
2000 0.4% 2.36%
1999 1.8% 2.16%
1998 3.7% 1.96%
1997 2.6% 2.11%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Kiribati has recorded an average annual inflation rate of 2.25%, compared with 2.31% in the Netherlands. In 2024, inflation was 2.5% in Kiribati and 3.35% in the Netherlands.

Top exports between countries

Kiribati
Export category Export value
Netherlands
Export category Export value
Animal & marine products $224K
Chemicals & pharma $85K
Machinery & equipment $63K
Raw agricultural goods $43K
Processed food, beverages & tobacco $17K
Raw materials & minerals $4K
Metals $3K
Textiles & consumer goods $3K
Precious metals & jewellery $2K
Wood & paper products $1K

Balance of trade

Kiribati Netherlands
Current account balance
-$59.5M
2024
$111B
2024
Current account balance ranking
85/190
2024
5/190
2024
Current account balance, % of GDP
-19.3%
2024
+9.13%
2024
Goods imports
$227M
2024
$606B
2024
Goods exports
$8.49M
2024
$693B
2024
Service imports
$108M
2024
$262B
2024
Service exports
$7M
2024
$308B
2024
Imports of goods and services, % of GDP
94.9%
2024
71.4%
2024
Exports of goods and services, % of GDP
6.27%
2024
82.4%
2024

Economic freedom indices

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

Kiribati Netherlands
Economic freedom 50.8 78.5
Economic freedom ranking 158/197 11/197
Property rights 69.6 96
Government integrity 50.5 86.8
Judicial effectiveness 54.6 96.1
Tax burden 72.6 54
Government spending 0 42.2
Fiscal health 19.8 95.9
Business freedom 60.2 85
Labor freedom 65.3 59.3
Monetary freedom 76.7 77
Trade freedom 80 79.4
Investment freedom 30 90
Financial freedom 30 80

Economic freedom comparison by year

Kiribati
Netherlands
1x
Year Economic freedom index
Kiribati Netherlands
2026 50.8 78.5
2025 50.9 78.2
2024 51.3 77.3
2023 58.8 78
2022 59.2 79.5
2021 44.4 76.8
2020 45.2 77
2019 47.3 76.8
2018 50.8 76.2
2017 50.9 75.8
2016 46.2 74.6
2015 46.4 73.7
2014 46.3 74.2
2013 45.9 73.5
2012 46.9 73.3
2011 44.8 74.7
2010 43.7 75
2009 45.7 77
2008 - 77.4
2007 - 75.5
2006 - 75.4
2005 - 72.9
2004 - 74.5
2003 - 74.6
2002 - 75.1
2001 - 73
2000 - 70.4
1999 - 70.2
1998 - 69.2
1997 - 70.4
1996 - 69.7

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Kiribati is 50.8, ranking 158/197, compared to 78.5 for the Netherlands, ranking 11/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Kiribati Netherlands
Services, % of GDP
67.1%
2023
70.5%
2024
Industry, % of GDP
11.5%
2023
17.5%
2024
Agriculture, forestry, and fishing, % of GDP
27.2%
2023
1.73%
2024
GNI, Atlas method
$493M
2024
$1.12T
2024
GNI per capita, PPP
$6,060
2024
$84,970
2024
Total reserves including gold n/a
$79.1B
2024
Total reserves ranking n/a
34/177
2024
Net foreign direct investment
-$8.06M
2024
$11.1B
2024
Net inflows of foreign direct investment
$8.07M
2024
-$17.1B
2024
Net outflows of foreign direct investment
$16.4K
2024
-$5.93B
2024
Poverty at national poverty lines
5.5%
2023
14.5%
2021
Gross capital formation, % of GDP
25.8%
2023
19.7%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2020–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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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.

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.