Kiribati vs Palau: Economic Indicators Comparison

Palau with a GDP of $284M ranked the 192nd largest economy in the world, while Kiribati ranked 194th with $188.3M. By GDP per capita, Palau and Kiribati ranked 60th vs 156th, respectively.

Gross Domestic Product & Income

Stat	Kiribati	Palau
GDP	$188.3M	$284M
GDP growth, 1 year	2.3%	1.71%
GDP growth, 5-years average	3.5%	N/A
Population	116k	22k
GDP per capita	$1.6k	$16k
GDP per capita growth	0.51%	1.14%
Purchasing Power Parity conversion factor	0.95	0.86
Price level ratio of PPP conversion factor GDP to market exchange rate	0.71	0.86
GDP per capita, PPP adjusted	$2.1k	$19k
GNI, Atlas method	$363.8M	$309.4M
GNI per capita	$3.1k	$17k
GNI, PPP adjusted	$511.5M	$349.4M
GNI per capita, PPP adjusted	$4.4k	$20k

Financial system and Human development

Stat	Kiribati	Palau
Income Tax Rate	35%	N/A
Corporate Tax Rate	35%	N/A
Inflation, consumer prices	1.9%	1.3%
Inflation, GDP deflator	2%	-2.5%
Unemployment	30.6%	1.4%
Economic Freedom Index	45.2	62
Personal Freedom Index	4.8	6.4
Human Freedom Index	4.2	6.4
Property Rights Index	47.5	N/A
Judical Effectiveness Index	34.2	N/A
Business Freedom Index	40.6	N/A
Fiscal Health Index	99	N/A
Labor Freedom Index	62.9	N/A
Investment Freedom Index	25	N/A
Financial Freedom Index	30	N/A
Trade Freedom Index	23.8	N/A
Monetary Freedom Index	82.2	N/A
Government Spending Index	0	N/A
Tax Burden Index	72.4	N/A
Government Integrity Index	24.3	N/A
Corruption Perceptions Index	40	49
Life expectancy at birth, years	67.9	69.1
Suicide mortality rate, per 100,000 people	14.4	21.7
Mortality caused by road traffic injury, per 100,000 people	4.4	4.8
Intentional homicides, per 100,000 people	7.5	3.1
International tourism, number of arrivals	7.1k	106k

Government debt & reserves

Stat	Kiribati	Palau
Central government debt, % of GDP	21.9%	67.5%
External debt stocks, % of GNI	N/A	N/A
External debt stocks	N/A	N/A
Short-term debt, % of total reserves	N/A	N/A
Total debt service, % of exports and primary income	N/A	N/A
Adjusted net savings including particulate emission damage, % of GNI	N/A	N/A
Gross savings, % of GDP	96%	10.7%
Gross capital formation, % of GDP	40%	26.7%
Total reserves including gold	N/A	N/A
Foreign direct investment net inflows	$591k	$21.5M

Exports, imports and economic structure

Stat	Kiribati	Palau
Exports of goods and services, % of GDP	13.2%	47%
Imports of goods and services, % of GDP	92%	76.3%
Current account balance (balance of payments)	$70.5M	-$51.8M
Revenue excluding grants, % of GDP	100.5%	27.3%
Grants excluding technical cooperation, BoP	$50.7M	$81.2M
Personal remittances received	$18M	$2.2M
Industry including construction value added, % of GDP	12.4%	8%
Agriculture, forestry and fishing value added, % of GDP	30.8%	3.2%
Charges for the use of intellectual property, payments BoP	N/A	N/A
Charges for the use of intellectual property, receipts BoP	$13.4M	N/A
Expense, % of GDP	77.4%	41.4%
Government Expenditure, % of GDP	125.7%	N/A