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Economy of Kiribati vs Uzbekistan compared: GDP & Debt

Updated on by Georank team

Kiribati has a GDP of $308M compared to $115B for Uzbekistan, ranking 192/197 and 66/197 by economy size, respectively.

Kiribati has $30.5M in government debt (8.77% of GDP), compared to $37.5B (33% of GDP) in Uzbekistan.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Kiribati
GDP, current $

GDP, constant 2015 $
Uzbekistan
GDP, current $

GDP, constant 2015 $
Year GDP
Kiribati Uzbekistan
Current $ Constant $ Current $ Constant $
1970 $11,560,877 $84,746,575 - -
1971 $12,356,134 $82,805,827 - -
1972 $15,314,346 $92,808,131 - -
1973 $25,645,040 $112,214,203 - -
1974 $69,256,489 $163,050,326 - -
1975 $44,547,454 $171,764,420 - -
1976 $33,246,817 $125,786,121 - -
1977 $31,335,459 $119,984,073 - -
1978 $36,563,965 $121,255,417 - -
1979 $34,466,197 $107,207,984 - -
1980 $33,157,723 $106,050,818 - -
1981 $35,267,489 $112,543,455 - -
1982 $32,742,713 $111,316,560 - -
1983 $31,000,546 $100,432,092 - -
1984 $34,394,167 $114,410,720 - -
1985 $26,126,615 $99,262,600 - -
1986 $25,993,009 $96,815,059 - -
1987 $29,554,413 $98,066,620 $8,523,160,593 $28,089,418,035
1988 $38,278,810 $119,685,813 $10,722,799,639 $30,656,392,613
1989 $37,645,319 $110,957,795 $11,948,815,258 $31,604,071,830
1990 $36,534,295 $103,872,769 $13,362,340,338 $32,109,736,981
1991 $41,247,792 $98,005,325 $13,800,167,712 $31,951,757,074
1992 $61,491,369 $121,486,649 $12,953,801,760 $28,373,160,282
1993 $58,953,596 $121,360,309 $13,099,920,056 $27,720,577,595
1994 $67,055,334 $123,842,439 $12,899,074,922 $26,279,107,562
1995 $68,596,395 $127,250,841 $13,350,461,265 $26,042,595,592
1996 $81,456,854 $127,184,611 $13,948,892,216 $26,485,319,718
1997 $80,205,807 $128,681,743 $14,744,603,774 $27,862,556,343
1998 $74,905,706 $134,398,139 $14,988,971,211 $29,060,646,266
1999 $77,323,978 $129,137,484 $17,078,465,982 $30,310,254,055
2000 $74,910,527 $137,844,792 $13,760,513,969 $31,472,652,299
2001 $64,935,850 $133,510,774 $11,401,421,329 $32,783,122,633
2002 $74,743,869 $135,442,881 $9,687,788,513 $34,085,756,140
2003 $96,105,619 $133,309,024 $10,134,453,435 $35,528,479,188
2004 $104,085,892 $132,497,215 $12,030,023,548 $38,174,995,818
2005 $113,895,437 $134,209,649 $14,307,509,839 $40,828,160,774
2006 $112,338,353 $141,962,853 $17,330,833,853 $43,870,437,889
2007 $138,054,946 $146,299,931 $22,311,393,928 $48,026,286,798
2008 $147,017,895 $141,933,271 $29,549,438,884 $52,362,657,564
2009 $140,177,384 $142,695,171 $33,689,223,673 $56,578,340,213
2010 $165,458,433 $144,444,545 $49,765,676,402 $60,876,691,748
2011 $195,970,140 $149,158,821 $60,178,909,297 $65,457,747,965
2012 $207,001,546 $157,815,491 $67,517,349,212 $70,106,848,439
2013 $201,730,861 $170,016,084 $73,180,037,915 $75,222,229,948
2014 $200,287,282 $172,164,514 $80,845,385,809 $80,392,884,506
2015 $191,559,399 $191,559,399 $86,196,264,755 $86,196,264,755
2016 $206,467,819 $205,137,195 $86,138,288,644 $91,309,557,165
2017 $222,875,736 $212,828,030 $69,703,222,283 $95,322,862,969
2018 $233,514,717 $220,233,253 $58,695,899,092 $100,622,047,496
2019 $216,985,388 $227,422,300 $67,293,639,798 $107,444,145,840
2020 $220,897,999 $224,083,588 $66,443,265,418 $109,123,866,128
2021 $285,259,894 $243,085,289 $77,340,060,003 $117,891,622,987
2022 $270,040,457 $254,185,355 $90,095,926,567 $124,966,702,851
2023 $288,610,732 $260,926,379 $102,641,879,249 $132,828,878,428
2024 $307,862,547 $274,669,108 $114,965,293,467 $141,462,755,525

Economic indicators

Kiribati Uzbekistan
Gross domestic product
$308M
2024
$115B
2024
GDP rank
192/197
2024
66/197
2024
GDP growth
6.67%
2023-2024
12%
2023-2024
GDP per capita
$2,289
2024
$3,162
2024
GDP per capita rank
151/197
2024
139/197
2024
GDP per capita, PPP
$3,702
2024
$11,879
2024
Government debt
$30.5M
2024
$37.5B
2024
Debt-to-GDP ratio
8.77%
2025
33%
2025
Government debt per person
$226.9
2024
$1,032
2024
Government debt per person rank
181/185
2024
142/185
2024
Average annual personal income after taxes
$2,170
2025
$3,203
2025
Market capitalization of domestic companies n/a
$18.8B
2024
Income share by richest 10%
22.8%
2019
25.7%
2024
Income share by poorest 10%
4%
2019
2.3%
2024
Government expenditure, % of GDP
126.6%
2025
27.8%
2025
Consumer prices inflation
7.8%
2024-2025
9.1%
2024-2025
Central bank interest rate n/a
14%
2025
Unemployment rate
2.79%
2023
5.29%
2020
Population
138067
37592263

GDP per capita in Kiribati vs Uzbekistan

Kiribati's GDP per capita is $2,289, ranking 151/197, compared to $3,162 in Uzbekistan, ranking 139/197. Adjusted for purchasing power (GDP per capita PPP), Kiribati ranks 169th at $3,702, while Uzbekistan ranks 123rd at $11,879.

Kiribati
GDP per capita

GDP per capita, PPP
Uzbekistan
GDP per capita

GDP per capita, PPP
Year Current $
Kiribati Uzbekistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1970 $201 - - -
1971 $210.7 - - -
1972 $256.2 - - -
1973 $422 - - -
1974 $1,131 - - -
1975 $730 - - -
1976 $548 - - -
1977 $520 - - -
1978 $611 - - -
1979 $573 - - -
1980 $542 - - -
1981 $568 - - -
1982 $519 - - -
1983 $483 - - -
1984 $527 - - -
1985 $393 - - -
1986 $382 - - -
1987 $424 - $450 -
1988 $536 - $551 -
1989 $515 - $598 -
1990 $488 $1,192 $653 $2,665
1991 $540 $1,139 $658 $2,676
1992 $792 $1,421 $603 $2,371
1993 $748 $1,431 $596 $2,318
1994 $838 $1,469 $574 $2,197
1995 $844 $1,518 $583 $2,178
1996 $986 $1,519 $597 $2,214
1997 $953 $1,535 $621 $2,329
1998 $874 $1,593 $621 $2,418
1999 $887 $1,526 $698 $2,522
2000 $845 $1,638 $555 $2,644
2001 $719 $1,591 $454 $2,782
2002 $810 $1,605 $381 $2,902
2003 $1,021 $1,578 $394 $3,047
2004 $1,083 $1,579 $462 $3,321
2005 $1,162 $1,617 $543 $3,618
2006 $1,123 $1,728 $649 $3,956
2007 $1,353 $1,792 $824 $4,386
2008 $1,411 $1,735 $1,075 $4,800
2009 $1,317 $1,718 $1,206 $5,135
2010 $1,522 $1,724 $1,753 $5,505
2011 $1,771 $1,786 $2,088 $5,949
2012 $1,844 $1,896 $2,307 $6,168
2013 $1,772 $2,049 $2,462 $6,413
2014 $1,737 $2,084 $2,675 $6,610
2015 $1,640 $2,311 $2,803 $6,800
2016 $1,743 $2,463 $2,753 $6,919
2017 $1,853 $2,562 $2,191 $7,818
2018 $1,913 $2,672 $1,813 $8,129
2019 $1,751 $2,763 $2,041 $8,544
2020 $1,752 $2,711 $1,978 $8,452
2021 $2,222 $3,020 $2,259 $9,248
2022 $2,070 $3,329 $2,579 $10,293
2023 $2,178 $3,486 $2,879 $11,107
2024 $2,289 $3,702 $3,162 $11,879

Spending and national debt comparison

In 2024, Kiribati's government spending was $302M, accounting for 126.6% of its GDP, while Uzbekistan's spent $31.9B, or 27.8% of GDP.

Debt-to-GDP ratio is 8.77% in Kiribati and 33% in Uzbekistan, ranking 180/185 and 155/185, respectively.

Kiribati
Government spending

Government debt
Uzbekistan
Government spending

Government debt
Year % of GDP
Kiribati Uzbekistan
Government spending Government debt Government spending Government debt
1990 105.5% 7.72% - -
1991 82.1% 8.43% - -
1992 65.9% 7.31% 18% -
1993 55.3% 10.9% 39.6% -
1994 54.6% 12.3% 27.1% -
1995 69.6% 12.3% 29.4% -
1996 68.4% 11% 35.1% -
1997 70.9% 10.7% 31.8% 15.3%
1998 74.7% 9.81% 35.1% 18%
1999 77.6% 11.8% 33.6% 18.4%
2000 66% 12.7% 32.9% 29.5%
2001 101.3% 17% 30.6% 44.8%
2002 96.9% 13.3% 34.6% 41.6%
2003 84.4% 12.3% 31.5% 31.4%
2004 103.8% 13.6% 29.4% 26.9%
2005 95.6% 12.1% 28.1% 21%
2006 82.1% 12.9% 24.7% 13.5%
2007 77.3% 11.1% 24.8% 9.56%
2008 79.4% 13.9% 26.5% 8.33%
2009 74.7% 10.3% 27.5% 7.3%
2010 75.7% 9.43% 26.4% 6.61%
2011 80.9% 8.8% 23.7% 6.33%
2012 83.9% 8.13% 23.9% 6.76%
2013 78% 8.86% 25.2% 6.23%
2014 101.2% 8.97% 24.9% 6.09%
2015 90.9% 18.8% 24.6% 6.72%
2016 99% 21.2% 23.3% 8.19%
2017 92.1% 20.2% 19.9% 17.3%
2018 108.8% 19% 22.2% 17.5%
2019 108.3% 19% 24.3% 25.4%
2020 102.2% 21% 26% 33.7%
2021 84% 17.3% 27.4% 31.7%
2022 87.5% 16.3% 31.4% 30.5%
2023 95.3% 11.4% 29.9% 32.2%
2024 98.1% 9.92% 27.8% 32.6%
2025 126.6% 8.77% 27.8% 33%

Government deficit by year

In 2024, Kiribati's government deficit, the difference between spending and revenue, was -$67.7M, equivalent to -22% of GDP. This compares to Uzbekistan's deficit of -$2.6B, or -2.26% of GDP.

Over the past 33 years, Kiribati recorded a fiscal deficit in 18 of those years, while Uzbekistan ran a deficit in 20 years. On average, Kiribati posted an annual deficit equal to -0.38% of GDP, compared to deficit of -0.86% of GDP for Uzbekistan.

Deficit/surplus
Kiribati

Uzbekistan
Year Deficit/surplus, % of GDP
Kiribati Uzbekistan
1990 -4.62% -
1991 3.87% -
1992 0.79% 7.15%
1993 6.27% -12%
1994 0.74% -4.47%
1995 -5.14% -1.77%
1996 -20.2% -1.57%
1997 5.92% -2.05%
1998 14.6% -3.04%
1999 -1.81% -2.91%
2000 -0.03% -3.66%
2001 -10.9% -3.28%
2002 3.13% -6.31%
2003 -8.93% -4.87%
2004 -19.2% -3.74%
2005 -9.96% -3.52%
2006 -12.3% 2.72%
2007 -12.5% 3.55%
2008 -15.8% 5.97%
2009 -8.56% 1.82%
2010 -7.8% 2.56%
2011 -17.6% 5.11%
2012 -5.43% 5.89%
2013 11.8% 2.15%
2014 35% 1.9%
2015 42.5% -0.28%
2016 20.1% 0.7%
2017 34.1% 1.04%
2018 5.18% 1.64%
2019 10.8% -0.26%
2020 3.57% -2.95%
2021 -10.8% -4.1%
2022 -18.3% -3.65%
2023 0.13% -3.98%
2024 -22% -2.26%
2025 -15.1% -2.27%

Inflation comparison by year

Over the past 30 years, Kiribati has recorded an average annual inflation rate of 2.3%, compared with 17.6% in Uzbekistan. In 2025, inflation was 7.8% in Kiribati and 9.1% in Uzbekistan.

Inflation
Kiribati

Uzbekistan
Year Inflation
Kiribati Uzbekistan Kiribati Uzbekistan
1996 -1.7% 54%
1997 2.6% 70.9%
1998 3.7% 29%
1999 1.8% 29.1%
2000 0.4% 25%
2001 6% 27.3%
2002 3.2% 27.3%
2003 1.6% 12.5%
2004 -0.7% 7.3%
2005 -0.4% 10.7%
2006 -1% 13.1%
2007 3.6% 11.2%
2008 13.7% 13.1%
2009 9.8% 12.3%
2010 -3.9% 12.3%
2011 1.5% 12.4%
2012 -3% 11.9%
2013 -1.5% 11.7%
2014 2.1% 9.1%
2015 0.6% 8.5%
2016 1.9% 8.8%
2017 0.4% 13.9%
2018 0.6% 17.5%
2019 -1.8% 14.5%
2020 2.6% 12.9%
2021 2.1% 10.8%
2022 5.3% 11.4%
2023 9.3% 10%
2024 2.5% 9.6%
2025 7.8% 9.1%

Balance of trade

Kiribati Uzbekistan
Current account balance
-$59.5M
2024
-$5.72B
2024
Current account balance ranking
81/189
2024
170/189
2024
Current account balance, % of GDP
-19.3%
2024
-4.97%
2024
Goods imports
$227M
2024
$33.2B
2024
Goods exports
$8.49M
2024
$19.6B
2024
Service imports
$108M
2024
$10.5B
2024
Service exports
$7M
2024
$6.55B
2024
Imports of goods and services, % of GDP
94.9%
2024
38%
2024
Exports of goods and services, % of GDP
6.27%
2024
22.8%
2024

Economic freedom indices

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

Kiribati Uzbekistan
Economic freedom 50.9 58
Economic freedom ranking 159/197 111/197
Property rights 68.5 33.5
Government integrity 48.9 31.2
Judicial effectiveness 59.9 14.5
Tax burden 72.9 92.8
Government spending 0 73.6
Fiscal health 19.7 73.3
Business freedom 62.8 64.4
Labor freedom 65.3 47.9
Monetary freedom 72.5 64.6
Trade freedom 80 80.6
Investment freedom 30 60
Financial freedom 30 60

Economic freedom by year comparison

The Economic Freedom Index for Kiribati is 50.9, ranking 159/197, compared to 58 for Uzbekistan, ranking 111/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Kiribati
Uzbekistan
Year Economic freedom index
Kiribati Uzbekistan
1998 - 31.5
1999 - 33.8
2000 - 38.1
2001 - 38.2
2002 - 38.5
2003 - 38.3
2004 - 39.1
2005 - 45.8
2006 - 48.7
2007 - 51.5
2008 - 51.9
2009 45.7 50.5
2010 43.7 47.5
2011 44.8 45.8
2012 46.9 45.8
2013 45.9 46
2014 46.3 46.5
2015 46.4 47
2016 46.2 46
2017 50.9 52.3
2018 50.8 51.5
2019 47.3 53.3
2020 45.2 57.2
2021 44.4 58.3
2022 59.2 55.7
2023 58.8 56.5
2024 51.3 55.9
2025 50.9 58

More economic indicators

Kiribati Uzbekistan
Services, % of GDP
65.7%
2022
45.2%
2024
Industry, % of GDP
9.86%
2022
31.8%
2024
Agriculture, forestry, and fishing, % of GDP
27.8%
2022
18.3%
2024
GNI, Atlas method
$487M
2024
$110B
2024
GNI per capita, PPP
$5,990
2024
$12,000
2024
Total reserves including gold n/a
$41.2B
2024
Total reserves ranking n/a
50/177
2024
Net foreign direct investment
-$8.06M
2024
-$2.8B
2024
Net inflows of foreign direct investment
$8.07M
2024
$2.84B
2024
Net outflows of foreign direct investment
$16.4K
2024
$36.7M
2024
Servicing debt to the IMF, % of GNI
n/a
8.24%
2023
Poverty at national poverty lines
5.5%
2023
8.9%
2024
Gross capital formation, % of GDP
20.4%
2022
33.3%
2024

GDP per capita map

GDP per capita

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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.

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.