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Economy of Eritrea vs Fiji compared: GDP & Debt

Updated on by Georank team

Eritrea has a GDP of $2.07B compared to $5.97B for Fiji, ranking 179/197 and 161/197 by economy size, respectively.

Eritrea has $3.54B in government debt (260.4% of GDP), compared to $4.54B (76.2% of GDP) in Fiji.

Eritrea vs Fiji GDP by year

Eritrea
Fiji
1x
Year GDP, current $
Eritrea Fiji
2024 - $5,968,125,909
2023 - $5,476,673,518
2022 - $4,977,861,886
2021 - $4,158,873,156
2020 - $4,227,719,873
2019 - $5,344,907,153
2018 - $5,581,425,327
2017 - $5,353,469,174
2016 - $4,930,213,644
2015 - $4,682,479,894
2014 - $4,857,104,769
2013 - $4,189,967,999
2012 - $3,972,028,104
2011 $2,065,001,626 $3,779,411,899
2010 $1,589,515,447 $3,140,166,713
2009 $1,856,695,551 $2,870,624,636
2008 $1,380,188,800 $3,523,185,920
2007 $1,317,974,491 $3,378,314,600
2006 $1,211,161,880 $3,076,305,453
2005 $1,098,424,686 $2,980,403,845
2004 $1,109,054,005 $2,708,078,477
2003 $870,248,268 $2,300,492,465
2002 $729,321,680 $1,833,279,985
2001 $752,371,689 $1,652,462,023
2000 $706,370,816 $1,678,219,508
1999 $688,918,537 $1,936,459,986
1998 $745,523,117 $1,653,146,717
1997 $686,490,090 $2,090,221,137
1996 $693,535,954 $2,128,696,644
1995 $578,015,625 $1,970,301,486
1994 $531,688,312 $1,825,732,093
1993 $467,872,715 $1,636,101,247
1992 $477,101,652 $1,532,411,039
1991 - $1,383,883,250
1990 - $1,337,017,559
1989 - $1,182,660,266
1988 - $1,110,009,523
1987 - $1,177,947,965
1986 - $1,290,267,340
1985 - $1,141,168,944
1984 - $1,178,000,678
1983 - $1,123,085,190
1982 - $1,194,059,943
1981 - $1,235,626,771
1980 - $1,202,618,816
1979 - $1,019,691,460
1978 - $829,267,889
1977 - $719,501,766
1976 - $694,540,806
1975 - $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/eritrea/fiji | CC BY

GDP per capita in Eritrea vs Fiji by year

Eritrea
GDP per capita

GDP per capita, PPP
Fiji
GDP per capita

GDP per capita, PPP
1x
Year Current $
Eritrea Fiji
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 - - $6,426 $15,450
2023 - - $5,926 $14,644
2022 - - $5,414 $12,982
2021 - - $4,537 $10,322
2020 - - $4,621 $10,716
2019 - - $5,842 $12,978
2018 - - $6,085 $12,984
2017 - - $5,827 $12,585
2016 - - $5,364 $11,766
2015 - - $5,098 $11,519
2014 - - $5,293 $10,516
2013 - - $4,572 $8,842
2012 - - $4,341 $8,204
2011 $689 $1,742 $4,140 $7,672
2010 $540 $1,599 $3,449 $7,339
2009 $643 $1,577 $3,164 $7,068
2008 $490 $1,547 $3,900 $7,154
2007 $480 $1,727 $3,763 $6,990
2006 $448 $1,682 $3,455 $6,921
2005 $413 $1,674 $3,378 $6,652
2004 $427 $1,621 $3,097 $6,463
2003 $349 $1,621 $2,656 $6,033
2002 $305 $1,702 $2,137 $5,914
2001 $325 $1,684 $1,945 $5,699
2000 $314 $1,558 $1,996 $5,521
1999 $311 $1,597 $2,328 $5,552
1998 $342 $1,598 $2,010 $5,090
1997 $319 $1,573 $2,574 $5,031
1996 $326 $1,449 $2,648 $5,109
1995 $285.4 $1,369 $2,467 $4,818
1994 $277.8 $1,379 $2,297 $4,627
1993 $252.1 $1,149 $2,070 $4,334
1992 $265.2 $1,021 $1,951 $4,172
1991 - - $1,775 $3,873
1990 - - $1,729 $3,882
1989 - - $1,543 -
1988 - - $1,463 -
1987 - - $1,569 -
1986 - - $1,745 -
1985 - - $1,577 -
1984 - - $1,667 -
1983 - - $1,628 -
1982 - - $1,773 -
1981 - - $1,879 -
1980 - - $1,873 -
1979 - - $1,627 -
1978 - - $1,355 -
1977 - - $1,204 -
1976 - - $1,186 -
1975 - - $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/eritrea/fiji | CC BY

Eritrea's GDP per capita is $689, ranking 188/197, compared to $6,426 in Fiji, ranking 108/197. Adjusted for purchasing power (GDP per capita PPP), Eritrea ranks 191st at $1,742, while Fiji ranks 113th at $15,450.

Economic indicators

Eritrea Fiji
Gross domestic product
$2.07B
2011
$5.97B
2024
GDP rank
179/197
2011
161/197
2024
GDP growth
8.68%
2010-2011
3.53%
2023-2024
GDP per capita
$689
2011
$6,426
2024
GDP per capita rank
188/197
2011
108/197
2024
GDP per capita, PPP
$1,742
2011
$15,450
2024
GDP per capita PPP rank
191/197
2011
113/197
2024
Government debt
$3.54B
2011
$4.54B
2024
Debt-to-GDP ratio
260.4%
2019
76.2%
2024
Government debt per person
$1,182
2011
$4,893
2024
Government debt per person rank
136/185
2011
80/185
2024
Average annual personal income after taxes
$1,129
2026
$6,964
2026
Income share by richest 10% n/a
24.2%
2019
Income share by poorest 10% n/a
3.5%
2019
Government expenditure, % of GDP
31.3%
2019
29.7%
2024
Consumer prices inflation
1.3%
2018-2019
4.51%
2023-2024
Central bank interest rate n/a
0.25%
2020
Unemployment rate
5.8%
2017
5.36%
2024
Population
3700586
938628

Spending and national debt comparison by year

Eritrea
Spending

Debt
Fiji
Spending

Debt
1x
Year % of GDP
Eritrea Fiji
Government spending Government debt Government spending Government debt
2024 - - 29.7% 76.2%
2023 - - 28.8% 79.1%
2022 - - 30.9% 83.3%
2021 - - 36.7% 89%
2020 - - 36.2% 72.9%
2019 31.3% 260.4% 30.8% 49.7%
2018 26.4% 267.1% 31.8% 44.8%
2017 42.5% 290.4% 27.3% 42.2%
2016 30.9% 251.2% 31.4% 43.6%
2015 31.1% 271.4% 29.8% 43%
2014 21.6% 204.5% 29.1% 44.5%
2013 32.7% 232.4% 25.1% 45.8%
2012 33.3% 171.6% 25.5% 47.7%
2011 32.3% 171.6% 25.3% 48.6%
2010 42.4% 201.8% 24.8% 51.8%
2009 44.9% 207.1% 26.2% 51.5%
2008 69.4% 259.7% 22.6% 47.5%
2007 51.2% 201.3% 23.3% 46%
2006 50.5% 199% 24.8% 49.2%
2005 76.6% 205.4% 23.3% 44%
2004 57.1% 193.5% 24% 44.5%
2003 58.1% 264% 25.8% 44.9%
2002 60.1% 243.4% 27.4% 43.4%
2001 59.5% 238.6% 26.4% 41%
2000 84.7% 219.1% 24.8% 36.9%
1999 106.1% - 23.2% 32.7%
1998 88% - 26.8% 36.6%
1997 60.1% - 29.1% 54.1%
1996 68.6% - 26.4% 48.8%
1995 81.2% - 23.2% 48.4%
1994 50.4% - 24.3% 47.6%
1993 67.2% - 25.7% 44.3%
1992 32.7% - 25.8% 42.2%

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

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

In 2024, Eritrea's government spending was $666M, accounting for 31.3% of its GDP, while Fiji spent $1.77B, or 29.7% of GDP.

Debt-to-GDP ratio is 260.4% in Eritrea and 76.2% in Fiji, ranking 2/185 and 47/185, respectively.

Government deficit by year

Deficit/surplus
Eritrea

Fiji
1x
Year Deficit/surplus, % of GDP
Eritrea Fiji
2024 - -3.36%
2023 - -6.82%
2022 - -11.2%
2021 - -14.6%
2020 - -9.24%
2019 2.72% -3.67%
2018 5.22% -4.72%
2017 -5.74% -2.22%
2016 -1.44% -5.58%
2015 -2.77% -3.8%
2014 -0.12% -3.36%
2013 -7.62% -0.08%
2012 -5.21% -0.67%
2011 -5.5% -0.69%
2010 -16.5% -1.26%
2009 -22.2% -2.76%
2008 -38% 1.54%
2007 -19.8% 0.35%
2006 -15.5% -0.74%
2005 -31% -1.14%
2004 -7.65% -0.95%
2003 6.23% -3.34%
2002 -13.3% -3.58%
2001 -9.62% -4.4%
2000 -25.4% -1.37%
1999 -59.7% 1.1%
1998 -40.3% 5.21%
1997 -5.65% -4.48%
1996 -18.4% -3.35%
1995 -22.9% 0.77%
1994 8.69% -0.19%
1993 4.22% -1.83%
1992 6.85% -2.14%

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

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

In 2011, Eritrea's government deficit, the difference between spending and revenue, was $114M, equivalent to 5.5% of GDP. This compares to Fiji's deficit of $25.9M, or 0.69% of GDP.

Over the past 20 years, Eritrea recorded a fiscal deficit in 16 of those years, while Fiji ran a deficit in 15 years. On average, Eritrea posted an annual deficit equal to 16.3% of GDP, compared to deficit of 1.16% of GDP for Fiji.

Inflation comparison by year

Inflation
Eritrea

Fiji
1x
Year Consumer prices inflation
Eritrea Fiji
2024 - 4.51%
2023 - 2.34%
2022 - 4.32%
2021 - 0.16%
2020 - -2.6%
2019 1.3% 1.77%
2018 -14.4% 4.08%
2017 -13.3% 3.35%
2016 -5.6% 3.86%
2015 28.5% 1.37%
2014 8.4% 0.52%
2013 6.3% 2.91%
2012 6% 3.42%
2011 5.9% 7.28%
2010 10.3% 3.69%
2009 33.9% 3.13%
2008 22.2% 7.73%
2007 9.4% 4.8%
2006 7.7% 2.49%
2005 12.5% 2.37%
2004 25.1% 2.83%
2003 22.7% 4.17%
2002 16.9% 0.76%
2001 14.6% 4.27%
2000 19.9% 1.09%
1999 8.4% 1.97%
1998 9.5% 5.71%
1997 3.7% 3.37%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06); International Monetary Fund (IMF) | World Economic Outlook (1997–2019, retrieved 2026-02-20).

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

Over the past 23 years, Eritrea has recorded an average annual inflation rate of 10.4%, compared with 3.35% in Fiji. In 2019, inflation was 1.3% in Eritrea and 4.51% in Fiji.

Balance of trade

Eritrea Fiji
Current account balance
-$105M
2000
-$866M
2022
Current account balance ranking
89/190
2000
120/190
2022
Current account balance, % of GDP
-14.8%
2000
-17.4%
2022
Goods imports
$471M
2000
$2.68B
2022
Goods exports
$36.8M
2000
$1.05B
2022
Service imports
$28.5M
2000
$754M
2022
Service exports
$60.9M
2000
$1.33B
2022
Imports of goods and services, % of GDP
29.2%
2011
69.2%
2023
Exports of goods and services, % of GDP
18.2%
2011
57%
2023

Economic freedom indices

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

Eritrea Fiji
Economic freedom 39.6 59.5
Economic freedom ranking 188/197 103/197
Property rights 4.8 59.9
Government integrity 10.9 55.4
Judicial effectiveness 5.5 53.2
Tax burden 80.3 87.8
Government spending 62.3 70
Fiscal health 69 7.5
Business freedom 30.7 69.5
Labor freedom 43.4 66.9
Monetary freedom 80 72.4
Trade freedom 68.4 66.6
Investment freedom 0 55
Financial freedom 20 50

Economic freedom comparison by year

Eritrea
Fiji
1x
Year Economic freedom index
Eritrea Fiji
2026 39.6 59.5
2025 38.6 59.1
2024 39.5 58
2023 39.5 58
2022 39.7 56.4
2021 42.3 62.2
2020 38.5 63.4
2019 38.9 62.2
2018 41.7 62
2017 42.2 63.4
2016 42.7 58.8
2015 38.9 59
2014 38.5 58.7
2013 36.3 57.2
2012 36.2 57.3
2011 36.7 60.4
2010 35.3 60.3
2009 38.5 61
2008 - 61.8
2007 - 60.8
2006 - 58.4
2005 - 58.2
2004 - 58
2003 - 54.7
2002 - 53.9
2001 - 53.7
2000 - 57.8
1999 - 58.4
1998 - 58.2
1997 - 58
1996 - 57.4
1995 - 54.7

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

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

The Economic Freedom Index for Eritrea is 39.6, ranking 188/197, 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

Eritrea Fiji
Services, % of GDP n/a
54.6%
2024
Industry, % of GDP
21.8%
2009
16.5%
2024
Agriculture, forestry, and fishing, % of GDP
14.1%
2009
13.2%
2024
GNI, Atlas method
$1.94B
2011
$5.4B
2024
GNI per capita, PPP
$1,720
2011
$14,490
2024
Total reserves including gold
$192M
2019
$1.6B
2024
Total reserves ranking
170/177
2019
133/177
2024
Net foreign direct investment
-$27.9M
2000
-$86.9M
2022
Net inflows of foreign direct investment
-$27.9M
2024
$204M
2024
Net outflows of foreign direct investment
$0
2024
$25.6M
2024
Servicing debt to the IMF, % of GNI
1.07%
2011
4.36%
2024
Poverty at national poverty lines
50%
2020
31%
2020
Gross capital formation, % of GDP
12.6%
2011
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/eritrea/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. Central Intelligence Agency (CIA) (2017–2020, retrieved 2026-02-20)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)

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.