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Economy of Kiribati vs South Africa compared: GDP & Debt

Updated on by Georank

Kiribati has a GDP of $349M compared to $427B for South Africa, ranking 192/197 and 40/197 by economy size, respectively.

Kiribati has $27.8M in government debt (7.95% of GDP), compared to $336B (78.6% of GDP) in South Africa.

Kiribati vs South Africa GDP by year

Kiribati
South Africa
1x
Year GDP, current $
Kiribati South Africa
2025 $349,227,254 $427,184,325,997
2024 $343,153,235 $401,144,998,374
2023 $291,657,338 $381,440,724,491
2022 $271,214,375 $407,596,043,068
2021 $285,451,584 $419,986,284,375
2020 $220,909,307 $337,974,655,408
2019 $216,891,541 $389,330,032,224
2018 $233,859,230 $405,260,723,893
2017 $223,029,865 $381,448,814,653
2016 $206,467,819 $323,585,509,674
2015 $191,559,399 $346,709,790,459
2014 $200,287,282 $381,198,869,776
2013 $201,730,861 $400,886,013,596
2012 $207,001,546 $434,400,545,086
2011 $195,970,140 $458,199,494,831
2010 $165,458,433 $417,363,822,802
2009 $140,177,384 $329,754,060,647
2008 $147,017,895 $316,131,258,616
2007 $138,054,946 $333,077,117,254
2006 $112,338,353 $303,858,675,364
2005 $113,895,437 $288,867,217,197
2004 $104,085,892 $255,806,908,595
2003 $96,105,619 $197,018,965,309
2002 $74,743,869 $129,087,556,612
2001 $64,935,850 $135,429,905,923
2000 $74,910,527 $151,752,757,215
1999 $77,323,978 $151,516,957,079
1998 $74,905,706 $152,982,984,557
1997 $80,205,807 $168,978,057,328
1996 $81,456,854 $163,234,925,381
1995 $68,596,395 $171,735,933,897
1994 $67,055,334 $153,512,712,382
1993 $58,953,596 $147,194,747,566
1992 $61,491,369 $146,956,150,987
1991 $41,247,792 $135,203,698,238
1990 $36,534,295 $126,048,140,142
1989 $37,645,319 $108,055,624,082
1988 $38,278,810 $103,976,831,871
1987 $29,554,413 $96,535,763,418
1986 $25,993,009 $73,354,771,399
1985 $26,126,615 $64,459,376,087
1984 $34,394,167 $84,870,163,366
1983 $31,000,546 $96,204,110,942
1982 $32,742,713 $85,904,057,409
1981 $35,267,489 $93,141,472,164
1980 $33,157,723 $89,411,864,402
1979 $34,466,197 $63,038,658,089
1978 $36,563,965 $51,607,412,902
1977 $31,335,459 $45,328,411,332
1976 $33,246,817 $41,150,460,288
1975 $44,547,454 $42,906,905,672
1974 $69,256,489 $41,389,186,095
1973 $25,645,040 $33,262,772,008
1972 $15,314,346 $24,515,919,217
1971 $12,356,134 $23,411,076,638
1970 $11,560,877 $21,218,391,513
1969 - $19,256,992,297
1968 - $17,124,793,150
1967 - $15,821,393,671
1966 - $14,211,394,315
1965 - $13,068,994,772
1964 - $11,955,995,218
1963 - $10,854,195,658
1962 - $9,813,996,074
1961 - $9,225,996,310
1960 - $8,748,596,501

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

GeoRank.org/economy/kiribati/south-africa | CC BY

GDP per capita in Kiribati vs South Africa by year

Kiribati
GDP per capita

GDP per capita, PPP
South Africa
GDP per capita

GDP per capita, PPP
1x
Year Current $
Kiribati South Africa
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $2,559 - $6,598 -
2024 $2,551 $3,702 $6,267 $15,456
2023 $2,201 $3,486 $6,034 $15,200
2022 $2,079 $3,329 $6,534 $14,749
2021 $2,224 $3,020 $6,829 $13,682
2020 $1,752 $2,711 $5,581 $12,671
2019 $1,750 $2,763 $6,534 $13,361
2018 $1,916 $2,672 $6,914 $13,347
2017 $1,854 $2,562 $6,618 $13,738
2016 $1,743 $2,463 $5,651 $13,519
2015 $1,640 $2,311 $6,112 $13,398
2014 $1,737 $2,084 $6,857 $13,359
2013 $1,772 $2,049 $7,332 $13,369
2012 $1,844 $1,896 $8,077 $12,987
2011 $1,771 $1,786 $8,646 $13,143
2010 $1,522 $1,724 $7,973 $12,637
2009 $1,317 $1,718 $6,375 $12,261
2008 $1,411 $1,735 $6,185 $12,525
2007 $1,353 $1,792 $6,592 $12,047
2006 $1,123 $1,728 $6,077 $11,250
2005 $1,162 $1,617 $5,837 $10,441
2004 $1,083 $1,579 $5,221 $9,714
2003 $1,021 $1,578 $4,062 $9,139
2002 $810 $1,605 $2,688 $8,792
2001 $719 $1,591 $2,847 $8,428
2000 $845 $1,638 $3,218 $8,095
1999 $887 $1,526 $3,242 $7,667
1998 $874 $1,593 $3,310 $7,463
1997 $953 $1,535 $3,700 $7,433
1996 $986 $1,519 $3,618 $7,208
1995 $844 $1,518 $3,856 $6,875
1994 $838 $1,469 $3,489 $6,611
1993 $748 $1,431 $3,400 $6,375
1992 $792 $1,421 $3,462 $6,275
1991 $540 $1,139 $3,243 $6,383
1990 $488 $1,192 $3,093 $6,382
1989 $515 - $2,727 -
1988 $536 - $2,702 -
1987 $424 - $2,586 -
1986 $382 - $2,027 -
1985 $393 - $1,839 -
1984 $527 - $2,504 -
1983 $483 - $2,938 -
1982 $519 - $2,717 -
1981 $568 - $3,050 -
1980 $542 - $3,029 -
1979 $573 - $2,202 -
1978 $611 - $1,852 -
1977 $520 - $1,671 -
1976 $548 - $1,559 -
1975 $730 - $1,670 -
1974 $1,131 - $1,656 -
1973 $422 - $1,369 -
1972 $256.2 - $1,038 -
1971 $210.7 - $1,020 -
1970 $201 - $952 -
1969 - - $891 -
1968 - - $817 -
1967 - - $779 -
1966 - - $722 -
1965 - - $685 -
1964 - - $646 -
1963 - - $605 -
1962 - - $563 -
1961 - - $546 -
1960 - - $532 -

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

GeoRank.org/economy/kiribati/south-africa | CC BY

Kiribati's GDP per capita is $2,559, ranking 152/197, compared to $6,598 in South Africa, ranking 109/197. Adjusted for purchasing power (GDP per capita PPP), Kiribati ranks 169th at $3,702, while South Africa ranks 112th at $15,456.

Economic indicators

Kiribati South Africa
Gross domestic product
$349M
2025
$427B
2025
GDP rank
192/197
2025
40/197
2025
GDP growth
4.22%
2024-2025
1.11%
2024-2025
GDP per capita
$2,559
2025
$6,598
2025
GDP per capita rank
152/197
2025
109/197
2025
GDP per capita, PPP
$3,702
2024
$15,456
2024
GDP per capita PPP rank
169/197
2024
112/197
2024
Government debt
$27.8M
2025
$336B
2025
Debt-to-GDP ratio
7.95%
2025
78.6%
2025
Government debt per person
$203.4
2025
$5,189
2025
Government debt per person rank
181/185
2025
84/185
2025
Average annual personal income after taxes
$2,170
2026
$4,738
2026
Market capitalization of domestic companies n/a
$1.4T
2025
Number of millionaires n/a
97,000
2026
Number of billionaires n/a
7
2026
Income share by richest 10%
20.9%
2023
42.1%
2022
Income share by poorest 10%
4.4%
2023
1.4%
2022
Government expenditure, % of GDP
88.2%
2025
34.2%
2025
Consumer prices inflation
6.5%
2024-2025
3.21%
2024-2025
Central bank interest rate n/a
7%
2026
Unemployment rate
2.79%
2023
32.3%
2024
Population
139471
65829368

Spending and national debt comparison by year

Kiribati
Spending

Debt
South Africa
Spending

Debt
1x
Year % of GDP
Kiribati South Africa
Government spending Government debt Government spending Government debt
2025 88.2% 7.95% 34.2% 78.6%
2024 86.1% 8.9% 33% 76%
2023 94.4% 11.3% 32.5% 73.2%
2022 87.2% 16.2% 31.9% 70.7%
2021 84% 17.3% 32.7% 68.8%
2020 102.2% 21% 34.6% 68.9%
2019 108.3% 18.5% 31.4% 56.1%
2018 108.8% 19% 30.2% 51.5%
2017 92.1% 20.2% 29.9% 48.6%
2016 99% 21.2% 29.9% 47.1%
2015 90.9% 18.8% 30.2% 45.2%
2014 101.2% 8.97% 29.3% 43.3%
2013 78% 8.86% 28.9% 40.4%
2012 83.9% 8.13% 28.6% 37.4%
2011 80.9% 8.8% 28.1% 34.7%
2010 75.7% 9.43% 28.3% 31.2%
2009 74.7% 10.3% 28.5% 27%
2008 79.4% 13.9% 26% 24%
2007 77.3% 11.1% 24.4% 24.3%
2006 82.1% 12.9% 24.7% 28%
2005 95.6% 12.1% 25.1% 29.6%
2004 103.8% 13.6% 22.7% 30.7%
2003 84.4% 12.3% 22.6% 31.5%
2002 96.9% 13.3% 22.2% 31.8%
2001 101.3% 17% 22.6% 38%
2000 66% 12.7% 22.6% 37.9%
1999 77.6% 11.8% 26.7% 45.9%
1998 74.7% 9.81% 27.1% 45.8%
1997 70.9% 10.7% 27.9% 45.8%
1996 68.4% 11% 28.5% 44.3%
1995 69.6% 12.3% 27.2% 47%
1994 54.6% 12.3% 31.3% 46.4%
1993 55.3% 10.9% 29.1% 39.8%
1992 65.9% 7.31% 29.8% 34.8%
1991 82.1% 8.43% 27.8% 34.7%
1990 105.5% 7.72% 28.7% 31.8%
1989 - - 29.6% 33.3%
1988 - - 23.9% 30.6%
1987 - - 28% 33.5%
1986 - - 27.8% 32.5%
1985 - - 26.8% 26.3%
1984 - - 25.2% 23.2%
1983 - - 25.1% 28.7%
1982 - - 23.8% 31.3%
1981 - - 23.3% 27.4%
1980 - - 21.8% 33.3%
1979 - - 26.5% 41.9%
1978 - - 26.8% 44.7%
1977 - - 27.3% 45.3%
1976 - - 23% 35%
1975 - - 21.2% 32.8%
1974 - - 19.1% 33.7%
1973 - - 21% 38.2%
1972 - - 22.9% 41.1%
1971 - - 19.9% 41.1%
1970 - - 20% 43.3%
1969 - - 18.8% 44.4%
1968 - - 19.4% 42.7%
1967 - - 18.8% 41.1%
1966 - - 18.3% 41.4%
1965 - - 18.2% 42.7%
1964 - - 11.3% 30%
1963 - - 15.9% 43.4%
1962 - - 15.9% 45.7%
1961 - - 15.7% 52.8%
1960 - - 16.7% 52.9%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-07-08).

GeoRank.org/economy/kiribati/south-africa | CC BY

In 2025, Kiribati's government spending was $308M, accounting for 88.2% of its GDP, while South Africa spent $146B, or 34.2% of GDP.

Debt-to-GDP ratio is 7.95% in Kiribati and 78.6% in South Africa, ranking 182/185 and 46/185, respectively.

Government deficit by year

Deficit/surplus
Kiribati

South Africa
1x
Year Deficit/surplus, % of GDP
Kiribati South Africa
2025 -14.5% -5.78%
2024 -14.1% -5.67%
2023 1.81% -5.6%
2022 -18.2% -4.25%
2021 -10.8% -5.54%
2020 3.57% -9.62%
2019 10.8% -5.07%
2018 5.18% -3.73%
2017 34.1% -4.02%
2016 20.1% -3.72%
2015 42.5% -4.37%
2014 35% -3.93%
2013 11.8% -3.9%
2012 -5.43% -4.04%
2011 -17.6% -3.7%
2010 -7.8% -4.51%
2009 -8.56% -4.67%
2008 -15.8% -0.49%
2007 -12.5% 1.22%
2006 -12.3% 0.81%
2005 -9.96% -0.1%
2004 -19.2% -1.04%
2003 -8.93% -1.59%
2002 3.13% -0.96%
2001 -10.9% -1.02%
2000 -0.03% -1.38%
1999 -1.81% -2.21%
1998 14.6% -2.56%
1997 5.92% -4.08%
1996 -20.2% -4.53%
1995 -5.14% -4.38%
1994 0.74% -8.09%
1993 6.27% -8.54%
1992 0.79% -7.09%
1991 3.87% -4.85%
1990 -4.62% -3.82%
1989 - -8.3%
1988 - -3.29%
1987 - -6.36%
1986 - -5.69%
1985 - -4.86%
1984 - -5.24%
1983 - -5.3%
1982 - -3.88%
1981 - -3.72%
1980 - -1.91%
1979 - -4.65%
1978 - -5.42%
1977 - -5.52%
1976 - -4.19%
1975 - -2.62%
1974 - -1.5%
1973 - -4.54%
1972 - -5.39%
1971 - -1.96%
1970 - -3.19%
1969 - -3.94%
1968 - -3.38%
1967 - -3.8%
1966 - -3.04%
1965 - -3.15%
1964 - -1.19%
1963 - -2.26%
1962 - -1.4%
1961 - -3.25%
1960 - -2.36%
1959 - -4.4%
1958 - -3.5%
1957 - -2.8%
1956 - -2.12%
1955 - -2.9%
1954 - -2.53%
1953 - -3.72%
1952 - -4.14%
1951 - -0.4%
1950 - -2.33%
1949 - -6.87%
1948 - -6.03%
1947 - -1.82%
1946 - -4.03%
1945 - -7.41%
1944 - -8.94%
1943 - -8.49%
1942 - -9.08%
1941 - -7.3%
1940 - -10.9%
1939 - -2.96%
1938 - -3.91%
1937 - -2.16%
1936 - -2.58%
1935 - -3.2%
1934 - -3.29%
1933 - -3.31%
1932 - -4.72%
1931 - -5.31%
1930 - -5.19%
1929 - -4.41%
1928 - -3.29%
1927 - -3.79%
1926 - -4.76%
1925 - -4.92%
1924 - -4.72%
1923 - -5.53%
1922 - -4.51%
1921 - -5.38%
1920 - -5.52%
1919 - -2.6%
1918 - -3.7%
1917 - -3.52%
1916 - -2.57%
1915 - -10.7%
1914 - -11.6%
1913 - -4.15%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1913–1999, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/kiribati/south-africa | 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 South Africa's deficit of $24.7B, or 5.78% of GDP.

Over the past 36 years, Kiribati recorded a fiscal deficit in 20 of those years, while South Africa ran a deficit in 34 years. On average, Kiribati posted an annual deficit equal to 0.51% of GDP, compared to deficit of 3.8% of GDP for South Africa.

Inflation comparison by year

Inflation
Kiribati

South Africa
1x
Year Consumer prices inflation
Kiribati South Africa
2025 6.5% 3.21%
2024 2.5% 4.36%
2023 9.3% 6.08%
2022 5.3% 7.04%
2021 2.1% 4.62%
2020 2.6% 3.23%
2019 -1.8% 4.1%
2018 0.6% 4.51%
2017 0.4% 5.19%
2016 1.9% 6.6%
2015 0.6% 4.52%
2014 2.1% 6.13%
2013 -1.5% 5.78%
2012 -3% 5.74%
2011 1.5% 5%
2010 -3.9% 4.07%
2009 9.8% 7.24%
2008 13.7% 9.91%
2007 3.6% 6.18%
2006 -1% 3.24%
2005 -0.4% 2.06%
2004 -0.7% -0.69%
2003 1.6% 5.68%
2002 3.2% 9.49%
2001 6% 5.7%
2000 0.4% 5.34%
1999 1.8% 5.18%
1998 3.7% 6.88%
1997 2.6% 8.6%

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/south-africa | CC BY

Over the past 29 years, Kiribati has recorded an average annual inflation rate of 2.4%, compared with 5.34% in South Africa. In 2025, inflation was 6.5% in Kiribati and 3.21% in South Africa.

Top exports between countries

Kiribati
Export category Export value
South Africa
Export category Export value
Chemicals & pharma $78K
Wood & paper products $76K
Machinery & equipment $23K
Processed food, beverages & tobacco $6K
Animal & marine products $2K
Textiles & consumer goods $2K
Metals $1K

Balance of trade

Kiribati South Africa
Current account balance
-$61.3M
2025
-$1.81B
2025
Current account balance ranking
77/190
2025
135/190
2025
Current account balance, % of GDP
-17.6%
2025
-0.42%
2025
Goods imports
$270M
2025
$104B
2025
Goods exports
$17.3M
2025
$116B
2025
Service imports
$110M
2025
$21.8B
2025
Service exports
$8.63M
2025
$18.1B
2025
Imports of goods and services, % of GDP
97.6%
2024
29.5%
2025
Exports of goods and services, % of GDP
4.52%
2024
31.4%
2025

Economic freedom indices

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

Kiribati South Africa
Economic freedom 50.8 58.6
Economic freedom ranking 158/197 110/197
Property rights 69.6 48.8
Government integrity 50.5 46.7
Judicial effectiveness 54.6 64.6
Tax burden 72.6 65.4
Government spending 0 68.4
Fiscal health 19.8 45.3
Business freedom 60.2 67.9
Labor freedom 65.3 70.8
Monetary freedom 76.7 75.8
Trade freedom 80 68.8
Investment freedom 30 40
Financial freedom 30 40

Economic freedom comparison by year

Kiribati
South Africa
1x
Year Economic freedom index
Kiribati South Africa
2026 50.8 58.6
2025 50.9 57.3
2024 51.3 55.3
2023 58.8 55.7
2022 59.2 56.2
2021 44.4 59.7
2020 45.2 58.8
2019 47.3 58.3
2018 50.8 63
2017 50.9 62.3
2016 46.2 61.9
2015 46.4 62.6
2014 46.3 62.5
2013 45.9 61.8
2012 46.9 62.7
2011 44.8 62.7
2010 43.7 62.8
2009 45.7 63.8
2008 - 63.4
2007 - 63.5
2006 - 63.7
2005 - 62.9
2004 - 66.3
2003 - 67.1
2002 - 64
2001 - 63.8
2000 - 63.7
1999 - 63.3
1998 - 64.3
1997 - 63.2
1996 - 62.5
1995 - 60.7

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

GeoRank.org/economy/kiribati/south-africa | CC BY

The Economic Freedom Index for Kiribati is 50.8, ranking 158/197, compared to 58.6 for South Africa, ranking 110/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Kiribati South Africa
Services, % of GDP
70.3%
2024
63.1%
2025
Industry, % of GDP
11.8%
2024
24.1%
2025
Agriculture, forestry, and fishing, % of GDP
23.2%
2024
2.83%
2025
GNI, Atlas method
$537M
2025
$406B
2025
GNI per capita, PPP
$6,080
2025
$15,600
2025
Total reserves including gold n/a
$76B
2025
Total reserves ranking n/a
35/177
2025
Net foreign direct investment
-$4.14M
2025
-$1.85B
2025
Net inflows of foreign direct investment
$8.07M
2024
$2.33B
2024
Net outflows of foreign direct investment
$16.4K
2024
-$1.26B
2024
Servicing debt to the IMF, % of GNI n/a
5.74%
2024
Poverty at national poverty lines
5.5%
2023
37.9%
2022
Gross capital formation, % of GDP
29.9%
2024
13.9%
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/south-africa | 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 (1913–1999, 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. TradeMap (2021–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. 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.