Fiscal Situation of General Government: Net Lending/borrowing for Kiribati
KIRGGXCNLG01GDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-16.25
Year-over-Year Change
-147.66%
Date Range
1/1/1990 - 1/1/2029
Summary
The 'Fiscal Situation of General Government: Net Lending/borrowing for Kiribati' measures Kiribati's fiscal balance as a percentage of GDP. This metric is crucial for evaluating the sustainability of Kiribati's public finances.
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
This economic indicator represents the difference between Kiribati's government revenue and expenditure, expressed as a ratio to its gross domestic product. It provides insight into the government's overall budgetary position and ability to finance its activities.
Methodology
The data is collected and calculated by the International Monetary Fund based on fiscal accounts and GDP statistics.
Historical Context
Policymakers and analysts use this metric to assess Kiribati's fiscal health and the government's capacity to implement economic policies.
Key Facts
- Kiribati's net lending/borrowing ratio averaged -1.7% of GDP from 2015 to 2019.
- The government's fiscal position improved from a deficit of 4.3% of GDP in 2015 to a surplus of 0.6% in 2019.
- Kiribati's fiscal situation is vulnerable to external shocks due to its reliance on fishing license fees and development aid.
FAQs
Q: What does this economic trend measure?
A: The 'Fiscal Situation of General Government: Net Lending/borrowing for Kiribati' measures the difference between Kiribati's government revenue and expenditure as a percentage of its gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for evaluating the sustainability of Kiribati's public finances and the government's ability to implement fiscal policies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the International Monetary Fund based on fiscal accounts and GDP statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Kiribati's fiscal health and the government's capacity to finance its activities and implement economic policies.
Q: Are there update delays or limitations?
A: The data may be subject to revisions and updates by the IMF, and there can be delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Fiscal Situation of General Government: Net Lending/borrowing for Kiribati (KIRGGXCNLG01GDPPT), retrieved from FRED.