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Gross domestic product in current prices

(billion US dollars)

In 2018, GDP in Kiribati was 0.21 billion US dollars. In the ranking by GDP including 190 countries, Kiribati has the 188th rank that is close to the positions of such countries as Marshall Islands and the Nauru. Compared to the United States of America which at the top of the ranking with GDP of 20,513 billion US dollars in 2018, Kiribati has 100.00 % percent lower GDP.

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What is GDP?

GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates.