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Economy of Cyprus vs Fiji compared: GDP & Debt

Updated on by Georank team

Cyprus has a GDP of $37.6B compared to $5.97B for Fiji, ranking 103/197 and 161/197 by economy size, respectively.

Cyprus has $24.5B in government debt (65.1% of GDP), compared to $4.54B (76.2% of GDP) in Fiji.

Cyprus vs Fiji GDP by year

Cyprus
Fiji
1x
Year GDP, current $
Cyprus Fiji
2024 $37,634,533,332 $5,968,125,909
2023 $35,075,423,857 $5,476,673,518
2022 $31,218,038,929 $4,977,861,886
2021 $30,372,642,502 $4,158,873,156
2020 $25,555,093,854 $4,227,719,873
2019 $26,196,667,100 $5,344,907,153
2018 $25,754,001,368 $5,581,425,327
2017 $22,946,570,629 $5,353,469,174
2016 $21,046,462,281 $4,930,213,644
2015 $19,909,278,417 $4,682,479,894
2014 $23,225,918,260 $4,857,104,769
2013 $23,959,712,861 $4,189,967,999
2012 $25,047,436,975 $3,972,028,104
2011 $27,641,549,302 $3,779,411,899
2010 $25,799,940,078 $3,140,166,713
2009 $26,048,179,949 $2,870,624,636
2008 $27,844,646,258 $3,523,185,920
2007 $23,968,727,074 $3,378,314,600
2006 $20,072,754,987 $3,076,305,453
2005 $18,433,412,511 $2,980,403,845
2004 $17,320,551,250 $2,708,078,477
2003 $14,547,329,558 $2,300,492,465
2002 $11,420,228,846 $1,833,279,985
2001 $10,397,898,907 $1,652,462,023
2000 $9,985,847,314 $1,678,219,508
1999 $10,497,907,228 $1,936,459,986
1998 $10,248,618,778 $1,653,146,717
1997 $9,547,816,420 $2,090,221,137
1996 $10,011,914,680 $2,128,696,644
1995 $9,933,137,128 $1,970,301,486
1994 $7,425,703,929 $1,825,732,093
1993 $6,590,291,048 $1,636,101,247
1992 $6,912,150,456 $1,532,411,039
1991 $5,770,197,348 $1,383,883,250
1990 $5,591,130,218 $1,337,017,559
1989 $4,563,482,604 $1,182,660,266
1988 $4,278,792,597 $1,110,009,523
1987 $3,704,813,886 $1,177,947,965
1986 $3,090,734,463 $1,290,267,340
1985 $2,430,411,900 $1,141,168,944
1984 $2,278,248,953 $1,178,000,678
1983 $2,160,364,071 $1,123,085,190
1982 $2,159,242,417 $1,194,059,943
1981 $2,087,496,374 $1,235,626,771
1980 $2,154,311,277 $1,202,618,816
1979 $1,288,699,776 $1,019,691,460
1978 $964,024,364 $829,267,889
1977 $734,876,021 $719,501,766
1976 $576,090,074 $694,540,806
1975 $489,912,574 $684,282,434
1974 - $558,587,097
1973 - $425,950,488
1972 - $316,656,649
1971 - $247,749,328
1970 - $219,878,482
1969 - $182,182,068
1968 - $166,952,937
1967 - $162,625,886
1966 - $150,603,926
1965 - $147,084,750
1964 - $140,032,741
1963 - $129,454,729
1962 - $122,906,435
1961 - $116,987,785
1960 - $112,328,422

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/cyprus/fiji | CC BY

GDP per capita in Cyprus vs Fiji by year

Cyprus
GDP per capita

GDP per capita, PPP
Fiji
GDP per capita

GDP per capita, PPP
1x
Year Current $
Cyprus Fiji
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $27,707 $63,007 $6,426 $15,450
2023 $26,079 $59,875 $5,926 $14,644
2022 $23,448 $55,876 $5,414 $12,982
2021 $23,057 $47,633 $4,537 $10,322
2020 $19,624 $42,569 $4,621 $10,716
2019 $20,360 $44,394 $5,842 $12,978
2018 $20,267 $40,262 $6,085 $12,984
2017 $18,295 $37,768 $5,827 $12,585
2016 $17,013 $35,247 $5,364 $11,766
2015 $16,326 $31,380 $5,098 $11,519
2014 $19,326 $29,893 $5,293 $10,516
2013 $20,238 $30,416 $4,572 $8,842
2012 $21,493 $31,924 $4,341 $8,204
2011 $24,110 $33,406 $4,140 $7,672
2010 $22,876 $33,502 $3,449 $7,339
2009 $23,480 $33,901 $3,164 $7,068
2008 $25,522 $34,830 $3,900 $7,154
2007 $22,344 $32,888 $3,763 $6,990
2006 $19,037 $30,009 $3,455 $6,921
2005 $17,790 $27,763 $3,378 $6,652
2004 $17,016 $25,942 $3,097 $6,463
2003 $14,553 $24,278 $2,656 $6,033
2002 $11,636 $23,556 $2,137 $5,914
2001 $10,785 $22,866 $1,945 $5,699
2000 $10,537 $21,296 $1,996 $5,521
1999 $11,273 $19,663 $2,328 $5,552
1998 $11,206 $18,760 $2,010 $5,090
1997 $10,637 $17,781 $2,574 $5,031
1996 $11,373 $17,320 $2,648 $5,109
1995 $11,514 $17,096 $2,467 $4,818
1994 $8,791 $15,735 $2,297 $4,627
1993 $7,978 $14,852 $2,070 $4,334
1992 $8,530 $14,759 $1,951 $4,172
1991 $7,222 $13,546 $1,775 $3,873
1990 $7,092 $13,348 $1,729 $3,882
1989 $5,870 - $1,543 -
1988 $5,584 - $1,463 -
1987 $4,908 - $1,569 -
1986 $4,159 - $1,745 -
1985 $3,324 - $1,577 -
1984 $3,167 - $1,667 -
1983 $3,055 - $1,628 -
1982 $3,100 - $1,773 -
1981 $3,030 - $1,879 -
1980 $3,154 - $1,873 -
1979 $1,902 - $1,627 -
1978 $1,434 - $1,355 -
1977 $1,102 - $1,204 -
1976 $870 - $1,186 -
1975 $743 - $1,188 -
1974 - - $984 -
1973 - - $762 -
1972 - - $575 -
1971 - - $458 -
1970 - - $414 -
1969 - - $350 -
1968 - - $327 -
1967 - - $326 -
1966 - - $310 -
1965 - - $311 -
1964 - - $306 -
1963 - - $291.4 -
1962 - - $285.5 -
1961 - - $280.3 -
1960 - - $277.4 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/cyprus/fiji | CC BY

Cyprus' GDP per capita is $27,707, ranking 45/197, compared to $6,426 in Fiji, ranking 108/197. Adjusted for purchasing power (GDP per capita PPP), Cyprus ranks 29th at $63,007, while Fiji ranks 113th at $15,450.

Economic indicators

Cyprus Fiji
Gross domestic product
$37.6B
2024
$5.97B
2024
GDP rank
103/197
2024
161/197
2024
GDP growth
3.94%
2023-2024
3.53%
2023-2024
GDP per capita
$27,707
2024
$6,426
2024
GDP per capita rank
45/197
2024
108/197
2024
GDP per capita, PPP
$63,007
2024
$15,450
2024
GDP per capita PPP rank
29/197
2024
113/197
2024
Government debt
$24.5B
2024
$4.54B
2024
Debt-to-GDP ratio
65.1%
2024
76.2%
2024
Government debt per person
$18,034
2024
$4,893
2024
Government debt per person rank
34/185
2024
80/185
2024
Average annual personal income after taxes
$25,384
2026
$6,964
2026
Market capitalization of domestic companies
$10.9B
2024
n/a
Number of billionaires
10
2025
n/a
Income share by richest 10%
26.3%
2023
24.2%
2019
Income share by poorest 10%
3.6%
2023
3.5%
2019
Government expenditure, % of GDP
40%
2024
29.7%
2024
Consumer prices inflation
1.8%
2023-2024
4.51%
2023-2024
Central bank interest rate n/a
0.25%
2020
Unemployment rate
4.87%
2024
5.36%
2024
Population
1386362
938628

Spending and national debt comparison by year

Cyprus
Spending

Debt
Fiji
Spending

Debt
1x
Year % of GDP
Cyprus Fiji
Government spending Government debt Government spending Government debt
2024 40% 65.1% 29.7% 76.2%
2023 42% 73.6% 28.8% 79.1%
2022 38% 81.1% 30.9% 83.3%
2021 42.6% 96.5% 36.7% 89%
2020 45.9% 113.6% 36.2% 72.9%
2019 40.3% 92.3% 30.8% 49.7%
2018 44.3% 100.7% 31.8% 44.8%
2017 38.4% 96.4% 27.3% 42.2%
2016 39.6% 106.8% 31.4% 43.6%
2015 43% 111.6% 29.8% 43%
2014 52.1% 113% 29.1% 44.5%
2013 42.1% 102.7% 25.1% 45.8%
2012 41.9% 79.2% 25.5% 47.7%
2011 42.1% 64.8% 25.3% 48.6%
2010 41.7% 55.3% 24.8% 51.8%
2009 41.9% 52.8% 26.2% 51.5%
2008 38.2% 44.1% 22.6% 47.5%
2007 37.6% 53.1% 23.3% 46%
2006 39.1% 59% 24.8% 49.2%
2005 39.7% 64% 23.3% 44%
2004 38.6% 64.7% 24% 44.5%
2003 40.4% 63% 25.8% 44.9%
2002 37.4% 61% 27.4% 43.4%
2001 35.7% 57.5% 26.4% 41%
2000 35% 56% 24.8% 36.9%
1999 34.3% 55.7% 23.2% 32.7%
1998 34.4% 55% 26.8% 36.6%
1997 34.2% 53.5% 29.1% 54.1%
1996 32.4% 48.8% 26.4% 48.8%
1995 30.4% 46.7% 23.2% 48.4%
1994 - - 24.3% 47.6%
1993 - - 25.7% 44.3%
1992 - - 25.8% 42.2%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2024, retrieved 2026-02-20).

GeoRank.org/economy/cyprus/fiji | CC BY

In 2024, Cyprus' government spending was $15B, accounting for 40% of its GDP, while Fiji spent $1.77B, or 29.7% of GDP.

Debt-to-GDP ratio is 65.1% in Cyprus and 76.2% in Fiji, ranking 68/185 and 47/185, respectively.

Government deficit by year

Deficit/surplus
Cyprus

Fiji
1x
Year Deficit/surplus, % of GDP
Cyprus Fiji
2024 4.28% -3.36%
2023 1.7% -6.82%
2022 2.65% -11.2%
2021 -1.64% -14.6%
2020 -5.57% -9.24%
2019 1.03% -3.67%
2018 -3.36% -4.72%
2017 2.13% -2.22%
2016 0.45% -5.58%
2015 -0.77% -3.8%
2014 -8.8% -3.36%
2013 -5.16% -0.08%
2012 -5.55% -0.67%
2011 -5.65% -0.69%
2010 -4.68% -1.26%
2009 -5.43% -2.76%
2008 0.87% 1.54%
2007 3.23% 0.35%
2006 -1.04% -0.74%
2005 -2.22% -1.14%
2004 -3.71% -0.95%
2003 -5.91% -3.34%
2002 -4.13% -3.58%
2001 -2.11% -4.4%
2000 -2.24% -1.37%
1999 -4.05% 1.1%
1998 -3.85% 5.21%
1997 -4.82% -4.48%
1996 -2.96% -3.35%
1995 -0.71% 0.77%
1994 - -0.19%
1993 - -1.83%
1992 - -2.14%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2024, retrieved 2026-02-20).

GeoRank.org/economy/cyprus/fiji | CC BY

In 2024, Cyprus' government surplus, the difference between spending and revenue, was $1.61B, equivalent to 4.28% of GDP. This compares to Fiji's deficit of $201M, or 3.36% of GDP.

Over the past 30 years, Cyprus recorded a fiscal deficit in 22 of those years, while Fiji ran a deficit in 25 years. On average, Cyprus posted an annual deficit equal to 2.27% of GDP, compared to deficit of 2.95% of GDP for Fiji.

Inflation comparison by year

Inflation
Cyprus

Fiji
1x
Year Consumer prices inflation
Cyprus Fiji
2024 1.8% 4.51%
2023 3.54% 2.34%
2022 8.4% 4.32%
2021 2.45% 0.16%
2020 -0.64% -2.6%
2019 0.25% 1.77%
2018 1.44% 4.08%
2017 0.53% 3.35%
2016 -1.43% 3.86%
2015 -2.1% 1.37%
2014 -1.35% 0.52%
2013 -0.4% 2.91%
2012 2.39% 3.42%
2011 3.29% 7.28%
2010 2.43% 3.69%
2009 0.33% 3.13%
2008 4.67% 7.73%
2007 2.37% 4.8%
2006 2.3% 2.49%
2005 2.56% 2.37%
2004 2.29% 2.83%
2003 4.14% 4.17%
2002 2.8% 0.76%
2001 1.97% 4.27%
2000 4.14% 1.09%
1999 1.63% 1.97%
1998 2.23% 5.71%
1997 3.61% 3.37%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/cyprus/fiji | CC BY

Over the past 28 years, Cyprus has recorded an average annual inflation rate of 1.99%, compared with 3.06% in Fiji. In 2024, inflation was 1.8% in Cyprus and 4.51% in Fiji.

Top exports between countries

Cyprus
Export category Export value
Processed food, beverages & tobacco $126K
Machinery & equipment $6K
Miscellaneous $4K
Raw materials & minerals $2K
Fiji
Export category Export value
Textiles & consumer goods $168K
Miscellaneous $72K
Processed food, beverages & tobacco $19K
Machinery & equipment $12K
Chemicals & pharma $2K
Precious metals & jewellery $1K

Balance of trade

Cyprus Fiji
Current account balance
-$3.07B
2024
-$866M
2022
Current account balance ranking
157/190
2024
120/190
2022
Current account balance, % of GDP
-8.16%
2024
-17.4%
2022
Goods imports
$11.9B
2024
$2.68B
2022
Goods exports
$4.43B
2024
$1.05B
2022
Service imports
$23.2B
2024
$754M
2022
Service exports
$32.1B
2024
$1.33B
2022
Imports of goods and services, % of GDP
93.4%
2024
69.2%
2023
Exports of goods and services, % of GDP
97%
2024
57%
2023

Economic freedom indices

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

Cyprus Fiji
Economic freedom 74.1 59.5
Economic freedom ranking 21/197 103/197
Property rights 85.1 59.9
Government integrity 59.7 55.4
Judicial effectiveness 89.8 53.2
Tax burden 80.8 87.8
Government spending 52.1 70
Fiscal health 91.5 7.5
Business freedom 82.3 69.5
Labor freedom 60.3 66.9
Monetary freedom 78.7 72.4
Trade freedom 79.4 66.6
Investment freedom 70 55
Financial freedom 60 50

Economic freedom comparison by year

Cyprus
Fiji
1x
Year Economic freedom index
Cyprus Fiji
2026 74.1 59.5
2025 73.2 59.1
2024 72.2 58
2023 72.3 58
2022 72.9 56.4
2021 71.4 62.2
2020 70.1 63.4
2019 68.1 62.2
2018 67.8 62
2017 67.9 63.4
2016 68.7 58.8
2015 67.9 59
2014 67.6 58.7
2013 69 57.2
2012 71.8 57.3
2011 73.3 60.4
2010 70.9 60.3
2009 70.8 61
2008 71.3 61.8
2007 71.7 60.8
2006 71.8 58.4
2005 71.9 58.2
2004 74.1 58
2003 73.3 54.7
2002 73 53.9
2001 71 53.7
2000 67.2 57.8
1999 67.8 58.4
1998 68.2 58.2
1997 67.9 58
1996 67.7 57.4
1995 - 54.7

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/cyprus/fiji | CC BY

The Economic Freedom Index for Cyprus is 74.1, ranking 21/197, compared to 59.5 for Fiji, ranking 103/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Cyprus Fiji
Services, % of GDP
76.5%
2024
54.6%
2024
Industry, % of GDP
11.1%
2024
16.5%
2024
Agriculture, forestry, and fishing, % of GDP
1.16%
2024
13.2%
2024
GNI, Atlas method
$32B
2024
$5.4B
2024
GNI per capita, PPP
$56,200
2024
$14,490
2024
Total reserves including gold
$2.09B
2024
$1.6B
2024
Total reserves ranking
124/177
2024
133/177
2024
Net foreign direct investment
-$5.49B
2024
-$86.9M
2022
Net inflows of foreign direct investment
-$50.4B
2024
$204M
2024
Net outflows of foreign direct investment
-$55.9B
2024
$25.6M
2024
Servicing debt to the IMF, % of GNI n/a
4.36%
2024
Poverty at national poverty lines
13.9%
2021
31%
2020
Gross capital formation, % of GDP
20.7%
2024
19.7%
2023

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/cyprus/fiji | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1992–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2021–2024, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

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.