National Accounts: Real Gross Domestic Product for Kiribati
KIRNGDPRPCPPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.11
Year-over-Year Change
-43.65%
Date Range
1/1/1990 - 1/1/2029
Summary
The 'National Accounts: Real Gross Domestic Product for Kiribati' series measures the total inflation-adjusted economic output of Kiribati. This metric is a key indicator of a country's economic health and development.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Real GDP is a comprehensive measure of a nation's economic activity, including consumption, investment, government spending, and net exports. It is used by economists and policymakers to analyze economic trends, forecast growth, and inform fiscal and monetary policies.
Methodology
The data is calculated by the Kiribati National Statistics Office using established national accounting frameworks.
Historical Context
Policymakers and international institutions closely monitor Kiribati's real GDP to assess the overall performance and development of its economy.
Key Facts
- Kiribati is a small island nation in the central Pacific Ocean.
- Fishing and tourism are major industries in Kiribati's economy.
- Kiribati faces economic challenges due to its remote location and vulnerability to climate change.
FAQs
Q: What does this economic trend measure?
A: This series measures the total real, inflation-adjusted economic output of Kiribati, including consumption, investment, government spending, and net exports.
Q: Why is this trend relevant for users or analysts?
A: Real GDP is a key indicator of a country's overall economic health and development, making it important for economists, policymakers, and investors to monitor.
Q: How is this data collected or calculated?
A: The data is calculated by the Kiribati National Statistics Office using established national accounting frameworks.
Q: How is this trend used in economic policy?
A: Policymakers and international institutions closely monitor Kiribati's real GDP to assess the overall performance and development of its economy, informing fiscal and monetary policies.
Q: Are there update delays or limitations?
A: There may be lags in data reporting or updates due to Kiribati's remote location and limited statistical capacity.
Related Trends
Value of Exports to Kiribati from South Carolina
SCKIRA052SCEN
Use of Financial Services, Liabilities: Outstanding Deposits by Small and Medium Enterprises at Commercial Banks for Kiribati
KIRFCLODCSXDC
Use of Financial Services, Assets: Outstanding Loans to Small and Medium Enterprises at Credit Unions and Financial Cooperatives for Kiribati
KIRFCSODUSXDC
Number of Identified Exporters to Kiribati from Ohio
OHKIRA475SCEN
Value of Exports to Kiribati from Montana
MTKIRA052SCEN
Value of Exports to Kiribati from Indiana
INKIRA052SCEN
Citation
U.S. Federal Reserve, National Accounts: Real Gross Domestic Product for Kiribati (KIRNGDPRPCPPPT), retrieved from FRED.