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Economy of Kiribati vs Qatar compared: GDP & Debt

Updated on by Georank

Kiribati has a GDP of $349M compared to $216B for Qatar, ranking 192/197 and 56/197 by economy size, respectively.

Kiribati has $27.8M in government debt (7.95% of GDP), compared to $89.2B (41.4% of GDP) in Qatar.

Kiribati vs Qatar GDP by year

Kiribati
Qatar
1x
Year GDP, current $
Kiribati Qatar
2025 $349,227,254 $215,559,615,385
2024 $343,153,235 $216,294,505,495
2023 $291,657,338 $213,002,809,341
2022 $271,214,375 $235,709,325,714
2021 $285,451,584 $179,732,009,560
2020 $220,909,307 $144,411,363,352
2019 $216,891,541 $176,371,267,692
2018 $233,859,230 $183,334,953,819
2017 $223,029,865 $161,099,122,225
2016 $206,467,819 $151,732,181,868
2015 $191,559,399 $161,739,955,577
2014 $200,287,282 $206,224,598,571
2013 $201,730,861 $198,727,642,967
2012 $207,001,546 $186,833,502,363
2011 $195,970,140 $167,775,274,725
2010 $165,458,433 $125,122,252,747
2009 $140,177,384 $97,798,351,648
2008 $147,017,895 $115,269,780,220
2007 $138,054,946 $79,711,813,187
2006 $112,338,353 $60,882,142,857
2005 $113,895,437 $44,530,494,505
2004 $104,085,892 $31,734,065,934
2003 $96,105,619 $23,533,791,209
2002 $74,743,869 $19,363,736,264
2001 $64,935,850 $17,538,461,538
2000 $74,910,527 $17,759,890,110
1999 $77,323,978 $12,393,131,868
1998 $74,905,706 $10,255,494,505
1997 $80,205,807 $11,297,802,198
1996 $81,456,854 $9,059,340,659
1995 $68,596,395 $8,137,912,088
1994 $67,055,334 $7,374,450,549
1993 $58,953,596 $7,156,593,407
1992 $61,491,369 $7,646,153,846
1991 $41,247,792 $6,883,516,484
1990 $36,534,295 $7,360,439,560
1989 $37,645,319 $6,487,912,088
1988 $38,278,810 $6,038,186,813
1987 $29,554,413 $5,446,428,571
1986 $25,993,009 $5,053,021,978
1985 $26,126,615 $6,153,296,703
1984 $34,394,167 $6,870,329,670
1983 $31,000,546 $6,484,890,110
1982 $32,742,713 $7,611,263,736
1981 $35,267,489 $8,672,527,473
1980 $33,157,723 $7,837,915,956
1979 $34,466,197 $5,632,962,997
1978 $36,563,965 $4,052,000,413
1977 $31,335,459 $3,617,564,638
1976 $33,246,817 $3,284,273,987
1975 $44,547,454 $2,512,773,166
1974 $69,256,489 $2,401,403,227
1973 $25,645,040 $793,885,560
1972 $15,314,346 $510,262,500
1971 $12,356,134 $387,703,106
1970 $11,560,877 $301,791,302

Data sources: World Bank | Economy & Growth (1970–2025, retrieved 2026-07-08).

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

GDP per capita in Kiribati vs Qatar by year

Kiribati
GDP per capita

GDP per capita, PPP
Qatar
GDP per capita

GDP per capita, PPP
1x
Year Current $
Kiribati Qatar
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $2,559 - $72,525 -
2024 $2,551 $3,702 $75,685 $126,046
2023 $2,201 $3,486 $80,196 $129,368
2022 $2,079 $3,329 $88,701 $122,921
2021 $2,224 $3,020 $71,752 $116,833
2020 $1,752 $2,711 $51,684 $82,149
2019 $1,750 $2,763 $66,841 $107,503
2018 $1,916 $2,672 $71,040 $110,033
2017 $1,854 $2,562 $63,280 $99,358
2016 $1,743 $2,463 $61,254 $89,935
2015 $1,640 $2,311 $68,985 $102,546
2014 $1,737 $2,084 $95,841 $148,389
2013 $1,772 $2,049 $103,697 $169,203
2012 $1,844 $1,896 $108,470 $180,939
2011 $1,771 $1,786 $103,262 $174,620
2010 $1,522 $1,724 $77,387 $151,646
2009 $1,317 $1,718 $60,786 $125,898
2008 $1,411 $1,735 $80,781 $126,015
2007 $1,353 $1,792 $65,954 $124,056
2006 $1,123 $1,728 $62,582 $127,181
2005 $1,162 $1,617 $53,950 $115,250
2004 $1,083 $1,579 $41,036 $110,958
2003 $1,021 $1,578 $31,602 $94,120
2002 $810 $1,605 $27,227 $93,177
2001 $719 $1,591 $25,871 $89,805
2000 $845 $1,638 $27,535 $88,849
1999 $887 $1,526 $20,234 $84,690
1998 $874 $1,593 $17,665 $84,486
1997 $953 $1,535 $20,523 $79,219
1996 $986 $1,519 $17,125 $62,331
1995 $844 $1,518 $15,823 $60,321
1994 $838 $1,469 $14,765 $59,415
1993 $748 $1,431 $14,770 $59,125
1992 $792 $1,421 $16,280 $60,387
1991 $540 $1,139 $15,133 $54,759
1990 $488 $1,192 $16,722 $55,659
1989 $515 - $15,243 -
1988 $536 - $14,682 -
1987 $424 - $13,719 -
1986 $382 - $13,213 -
1985 $393 - $16,815 -
1984 $527 - $19,749 -
1983 $483 - $19,669 -
1982 $519 - $24,431 -
1981 $568 - $29,543 -
1980 $542 - $28,407 -
1979 $573 - $21,777 -
1978 $611 - $16,757 -
1977 $520 - $16,058 -
1976 $548 - $15,710 -
1975 $730 - $13,014 -
1974 $1,131 - $13,540 -
1973 $422 - $4,905 -
1972 $256.2 - $3,483 -
1971 $210.7 - $2,952 -
1970 $201 - $2,594 -

Data sources: World Bank | Economy & Growth (1970–2025, retrieved 2026-07-08).

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

Kiribati's GDP per capita is $2,559, ranking 152/197, compared to $72,525 in Qatar, ranking 13/197. Adjusted for purchasing power (GDP per capita PPP), Kiribati ranks 169th at $3,702, while Qatar ranks 5th at $126,046.

Economic indicators

Kiribati Qatar
Gross domestic product
$349M
2025
$216B
2025
GDP rank
192/197
2025
56/197
2025
GDP growth
4.22%
2024-2025
2.9%
2024-2025
GDP per capita
$2,559
2025
$72,525
2025
GDP per capita rank
152/197
2025
13/197
2025
GDP per capita, PPP
$3,702
2024
$126,046
2024
GDP per capita PPP rank
169/197
2024
5/197
2024
Government debt
$27.8M
2025
$89.2B
2025
Debt-to-GDP ratio
7.95%
2025
41.4%
2025
Government debt per person
$203.4
2025
$30,009
2025
Government debt per person rank
181/185
2025
24/185
2025
Average annual personal income after taxes
$2,170
2026
$37,042
2026
Market capitalization of domestic companies n/a
$177B
2025
Number of millionaires n/a
30,000
2026
Number of billionaires n/a
2
2026
Income share by richest 10%
20.9%
2023
25.8%
2017
Income share by poorest 10%
4.4%
2023
2.6%
2017
Government expenditure, % of GDP
88.2%
2025
27.1%
2025
Consumer prices inflation
6.5%
2024-2025
0.6%
2024-2025
Central bank interest rate n/a
4.1%
2025
Unemployment rate
2.79%
2023
0.1%
2024
Population
139471
3058826

Spending and national debt comparison by year

Kiribati
Spending

Debt
Qatar
Spending

Debt
1x
Year % of GDP
Kiribati Qatar
Government spending Government debt Government spending Government debt
2025 88.2% 7.95% 27.1% 41.4%
2024 86.1% 8.9% 26% 41.3%
2023 94.4% 11.3% 26.7% 42.8%
2022 87.2% 16.2% 24.3% 42.6%
2021 84% 17.3% 29.4% 58.4%
2020 102.2% 21% 34.7% 72.6%
2019 108.3% 18.5% 32.5% 62.1%
2018 108.8% 19% 28.9% 52.2%
2017 92.1% 20.2% 34.7% 51.6%
2016 99% 21.2% 40.1% 46.7%
2015 90.9% 18.8% 38.6% 35.5%
2014 101.2% 8.97% 32.3% 24.9%
2013 78% 8.86% 28.3% 30.9%
2012 83.9% 8.13% 31% 32.1%
2011 80.9% 8.8% 28.5% 33.5%
2010 75.7% 9.43% 32% 30.4%
2009 74.7% 10.3% 36.4% 36%
2008 79.4% 13.9% 23.5% 11.4%
2007 77.3% 11.1% 29.5% 9.37%
2006 82.1% 12.9% 29.5% 13.9%
2005 95.6% 12.1% 29% 19.1%
2004 103.8% 13.6% 29.9% 30.1%
2003 84.4% 12.3% 28.5% 38.8%
2002 96.9% 13.3% 31.6% 47.7%
2001 101.3% 17% 32.1% 59.2%
2000 66% 12.7% 29.8% 51.6%
1999 77.6% 11.8% 42.4% 81.8%
1998 74.7% 9.81% 55.1% 76.6%
1997 70.9% 10.7% 47.6% 54.4%
1996 68.4% 11% 55.2% 57.8%
1995 69.6% 12.3% 52.2% 50.2%
1994 54.6% 12.3% 59.8% 54.8%
1993 55.3% 10.9% 62.8% 46.3%
1992 65.9% 7.31% 54.2% 19.9%
1991 82.1% 8.43% 57.5% 21.8%
1990 105.5% 7.72% 50% 12.6%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Kiribati's government spending was $308M, accounting for 88.2% of its GDP, while Qatar spent $58.4B, or 27.1% of GDP.

Debt-to-GDP ratio is 7.95% in Kiribati and 41.4% in Qatar, ranking 182/185 and 127/185, respectively.

Government deficit by year

Deficit/surplus
Kiribati

Qatar
1x
Year Deficit/surplus, % of GDP
Kiribati Qatar
2025 -14.5% -1%
2024 -14.1% 0.71%
2023 1.81% 5.51%
2022 -18.2% 10.4%
2021 -10.8% 0.24%
2020 3.57% -2.13%
2019 10.8% 1%
2018 5.18% 2.26%
2017 34.1% -6.82%
2016 20.1% -9.2%
2015 42.5% 18.4%
2014 35% 13.4%
2013 11.8% 19.3%
2012 -5.43% 8.55%
2011 -17.6% 5.24%
2010 -7.8% 4.6%
2009 -8.56% 14.1%
2008 -15.8% 9.49%
2007 -12.5% 10.3%
2006 -12.3% 8.39%
2005 -9.96% 9.8%
2004 -19.2% 17.7%
2003 -8.93% 6.71%
2002 3.13% 7.89%
2001 -10.9% 4.48%
2000 -0.03% 4.62%
1999 -1.81% -4.35%
1998 14.6% -7%
1997 5.92% -9.4%
1996 -20.2% -8.73%
1995 -5.14% -5.78%
1994 0.74% -11.8%
1993 6.27% -9.53%
1992 0.79% -2.74%
1991 3.87% -2.57%
1990 -4.62% 3.23%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/kiribati/qatar | 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 Qatar's deficit of $2.16B, or 1% of GDP.

Over the past 36 years, Kiribati recorded a fiscal deficit in 20 of those years, while Qatar ran a deficit in 13 years. On average, Kiribati posted an annual deficit equal to 0.51% of GDP, compared to surplus of 2.92% of GDP for Qatar.

Inflation comparison by year

Inflation
Kiribati

Qatar
1x
Year Consumer prices inflation
Kiribati Qatar
2025 6.5% 0.6%
2024 2.5% 1.2%
2023 9.3% 3.1%
2022 5.3% 5%
2021 2.1% 2.3%
2020 2.6% -2.5%
2019 -1.8% -0.9%
2018 0.6% 0.1%
2017 0.4% 0.6%
2016 1.9% 2.7%
2015 0.6% 0.9%
2014 2.1% 4.2%
2013 -1.5% 3.1%
2012 -3% 1.8%
2011 1.5% 2%
2010 -3.9% -2.4%
2009 9.8% -4.9%
2008 13.7% 15.1%
2007 3.6% 13.7%
2006 -1% 11.7%
2005 -0.4% 9%
2004 -0.7% 6.8%
2003 1.6% 2.3%
2002 3.2% 0.2%
2001 6% 1.7%
2000 0.4% 1.6%
1999 1.8% 2.2%
1998 3.7% 2.9%
1997 2.6% 2.7%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Kiribati has recorded an average annual inflation rate of 2.4%, compared with 2.99% in Qatar. In 2025, inflation was 6.5% in Kiribati and 0.6% in Qatar.

Balance of trade

Kiribati Qatar
Current account balance
-$61.3M
2025
$31.9B
2025
Current account balance ranking
77/190
2025
17/190
2025
Current account balance, % of GDP
-17.6%
2025
+14.8%
2025
Goods imports
$270M
2025
$34.3B
2025
Goods exports
$17.3M
2025
$90B
2025
Service imports
$110M
2025
$31.3B
2025
Service exports
$8.63M
2025
$24.4B
2025
Imports of goods and services, % of GDP
97.6%
2024
31.6%
2022
Exports of goods and services, % of GDP
4.52%
2024
68.6%
2022

Economic freedom indices

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

Kiribati Qatar
Economic freedom 50.8 70.2
Economic freedom ranking 158/197 37/197
Property rights 69.6 66.2
Government integrity 50.5 53.5
Judicial effectiveness 54.6 41.5
Tax burden 72.6 99.9
Government spending 0 79.9
Fiscal health 19.8 96.6
Business freedom 60.2 68
Labor freedom 65.3 58.5
Monetary freedom 76.7 76
Trade freedom 80 81.8
Investment freedom 30 60
Financial freedom 30 60

Economic freedom comparison by year

Kiribati
Qatar
1x
Year Economic freedom index
Kiribati Qatar
2026 50.8 70.2
2025 50.9 70.2
2024 51.3 68.8
2023 58.8 68.6
2022 59.2 67.7
2021 44.4 72
2020 45.2 72.3
2019 47.3 72.6
2018 50.8 72.6
2017 50.9 73.1
2016 46.2 70.7
2015 46.4 70.8
2014 46.3 71.2
2013 45.9 71.3
2012 46.9 71.3
2011 44.8 70.5
2010 43.7 69
2009 45.7 65.8
2008 - 62.2
2007 - 62.9
2006 - 62.4
2005 - 63.5
2004 - 66.5
2003 - 65.9
2002 - 61.9
2001 - 60
2000 - 62
1999 - 62

Data sources: The Heritage Foundation | Economic Freedom Index (1999–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Kiribati is 50.8, ranking 158/197, compared to 70.2 for Qatar, ranking 37/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Kiribati Qatar
Services, % of GDP
70.3%
2024
47%
2025
Industry, % of GDP
11.8%
2024
57%
2025
Agriculture, forestry, and fishing, % of GDP
23.2%
2024
0.31%
2025
GNI, Atlas method
$537M
2025
$221B
2025
GNI per capita, PPP
$6,080
2025
$126,290
2025
Total reserves including gold n/a
$55.8B
2025
Total reserves ranking n/a
45/177
2025
Net foreign direct investment
-$4.14M
2025
$311M
2025
Net inflows of foreign direct investment
$8.07M
2024
$460M
2024
Net outflows of foreign direct investment
$16.4K
2024
$1.56B
2024
Poverty at national poverty lines
5.5%
2023
n/a
Gross capital formation, % of GDP
29.9%
2024
30.6%
2022

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/qatar | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1970–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1999–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  6. 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.

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.