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

StatKiribatiPalau
GDP$188.3M$284M
GDP growth, 1 year2.3%1.71%
GDP growth, 5-years average3.5%N/A
Population116k22k
GDP per capita$1.6k$16k
GDP per capita growth0.51%1.14%
Purchasing Power Parity conversion factor0.950.86
Price level ratio of PPP conversion factor GDP to market exchange rate0.710.86
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

StatKiribatiPalau
Income Tax Rate35%N/A
Corporate Tax Rate35%N/A
Inflation, consumer prices1.9%1.3%
Inflation, GDP deflator2%-2.5%
Unemployment30.6%1.4%
Economic Freedom Index45.262
Personal Freedom Index4.86.4
Human Freedom Index4.26.4
Property Rights Index47.5N/A
Judical Effectiveness Index34.2N/A
Business Freedom Index40.6N/A
Fiscal Health Index99N/A
Labor Freedom Index62.9N/A
Investment Freedom Index25N/A
Financial Freedom Index30N/A
Trade Freedom Index23.8N/A
Monetary Freedom Index82.2N/A
Government Spending Index0N/A
Tax Burden Index72.4N/A
Government Integrity Index24.3N/A
Corruption Perceptions Index4049
Life expectancy at birth, years67.969.1
Suicide mortality rate, per 100,000 people14.421.7
Mortality caused by road traffic injury, per 100,000 people4.44.8
Intentional homicides, per 100,000 people7.53.1
International tourism, number of arrivals7.1k106k

Government debt & reserves

StatKiribatiPalau
Central government debt, % of GDP21.9%67.5%
External debt stocks, % of GNIN/AN/A
External debt stocksN/AN/A
Short-term debt, % of total reservesN/AN/A
Total debt service, % of exports and primary incomeN/AN/A
Adjusted net savings including particulate emission damage, % of GNIN/AN/A
Gross savings, % of GDP96%10.7%
Gross capital formation, % of GDP40%26.7%
Total reserves including goldN/AN/A
Foreign direct investment net inflows$591k$21.5M

Exports, imports and economic structure

StatKiribatiPalau
Exports of goods and services, % of GDP13.2%47%
Imports of goods and services, % of GDP92%76.3%
Current account balance (balance of payments)$70.5M-$51.8M
Revenue excluding grants, % of GDP100.5%27.3%
Grants excluding technical cooperation, BoP$50.7M$81.2M
Personal remittances received$18M$2.2M
Industry including construction value added, % of GDP12.4%8%
Agriculture, forestry and fishing value added, % of GDP30.8%3.2%
Charges for the use of intellectual property, payments BoPN/AN/A
Charges for the use of intellectual property, receipts BoP$13.4MN/A
Expense, % of GDP77.4%41.4%
Government Expenditure, % of GDP125.7%N/A

Compare with countries close by GDP per capita

Kiribati vs

CountryGDP
per capita
Population
Honduras
$2.5k
9.27M
Ghana
$2.2k
26.9M
Congo
$2.1k
5.26M
Zimbabwe
$2.1k
16.5M
Solomon Islands
$2.1k
611k
East Timor
$2k
1.3M
Syria
$2k
18.3M
Nicaragua
$2k
6.22M
Nigeria
$2k
191M
India
$2k
1.33B
Sao Tome and Principe
$2k
204k
Ivory Coast
$1.7k
24.3M
Kenya
$1.7k
48.5M
North Korea
$1.7k
25.5M
Bangladesh
$1.7k
165M
Zambia
$1.5k
17.1M
Cameroon
$1.5k
24.1M
Uzbekistan
$1.5k
32.4M
Senegal
$1.5k
15.9M
Cambodia
$1.5k
16M
Pakistan
$1.5k
197M
Comoros
$1.4k
824k
Myanmar
$1.3k
53.4M
Lesotho
$1.3k
2.23M
Kyrgyzstan
$1.3k
6.2M
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Nepal
$1k
29.4M
Sudan
$977
40.5M

Palau vs

CountryGDP
per capita
Population
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.4M
Saint Kitts and Nevis
$19k
55.3k
Lithuania
$19k
2.79M
Barbados
$18k
286k
Latvia
$18k
1.91M
Uruguay
$17k
3.46M
Trinidad and Tobago
$17k
1.37M
Antigua and Barbuda
$17k
102k
Seychelles
$16k
95.8k
Oman
$16k
4.83M
Hungary
$16k
9.94M
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Panama
$16k
4.1M
Poland
$15k
38.4M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18.3M