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2015 GDP Release: December, 2016
GDP Highlights
Gross Domestic Product (GDP)



Nominal and real GDP have been steadily
increasing since 2010.
The estimated level of nominal GDP for 2015
was A$222.5 million in current prices.
The estimated level of GDP in 2006 prices for
2015 was A$173.2 million.
Kiribati GDP 2005–2015
A$'million
250
200
150
100
50
0
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Nominal GDP
Real GDP
GDP Growth rate

In 2015 the real growth rate was 7.5 percent
compared with revised 0.4 percent in 2014.
The increase was mainly due to construction,
wholesale and retail trade industries.

The average growth rate since 2011 is 4.5
percent, mainly due to construction (which
includes donor-funded aid projects), financial
intermediation, wholesale and retail trade.
GDP Growth rate 2005–2015
Percent
14
12
10
8
6
4
2
0
-2 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
-4
Nominal GDP
Real GDP
GDP per capita

GDP per capita has also increased steadily
over the past four years.

In 2015, current price GDP per capita was
$2,020.

In 2015, GDP per capita in 2006 prices was
$1,573
A$
1,600
Real GDP per capita
1,550
1,500
1,450
1,400
1,350
1,300
1,250
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Real GDP per capita
Kiribati National Statistics Office
2015 GDP Release: December, 2016
Gross National Income & Gross National Disposable Income



Gross National Income (GNI) has grown
strongly since 2011 mainly due to
Government income from fishing licenses
A'$ million
500
450
400
2015 Net Income from Abroad has more
than tripled since 2011.This item includes
compensation of employees earned
overseas and fishing license income.
The ratio of GNI to GDP increased from
140 percent in 2011 to 199 percent in
2015.
350
300
250
200
150
100
50
0
2005
GDP
2006
2007
2008
2009
2010
Gross National income (GNI)
2011
2012
2013
2014
2015
Gross National Disposal Income(GNDI)
Background information
1. Compilation of the accounts
This release is the preliminary release of data for the 2015 financial year and revisions to earlier years.
The release contains data from 2005 to 2015 and provides annual estimates for production, gross
national income and gross national disposable income.
2. Constant price (real) GDP
Real GDP is expressed in the base-year prices for 2006. The purpose of GDP revaluation by base-year
prices (real GDP) is to eliminate the effects of price changes/inflation in time series of GDP, so that
changes in the series represent the changes in the physical volume of goods and services. Intertemporal comparisons of GDP or other related figures should be measured in real prices.
3. Revisions
There have been ongoing revisions that impact on latest years, due to updated data and improvements
in deflators. With the incorporation of the 2015 census data, the 2011 – 2015 population is lower than
previously estimated, leading to downwards revisions in some industries from 2011. Industries in which
government workers are employed have risen from 2008 due to a change in the deflator. The level of
GDP per capita has risen due to the revised population numbers.
A$'million
200
Revision to Real GDP
150
100
50
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
revised
Previously published
4. Acknowledgement
The Statistics Department wishes to thank Government ministries that supplied data for use in these
estimates and also special thanks to PFTAC technical assistance from Anne McAllister in finalizing
GDP2015e.
Kiribati National Statistics Office