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Economy of Ethiopia vs Fiji compared: GDP & Debt

Updated on by Georank team

Ethiopia has a GDP of $150B compared to $5.97B for Fiji, ranking 60/197 and 161/197 by economy size, respectively.

Ethiopia has $48.9B in government debt (32.7% of GDP), compared to $4.54B (76.2% of GDP) in Fiji.

Ethiopia vs Fiji GDP by year

Ethiopia
Fiji
1x
Year GDP, current $
Ethiopia Fiji
2024 $149,740,297,953 $5,968,125,909
2023 $135,874,093,202 $5,476,673,518
2022 $123,140,304,666 $4,977,861,886
2021 $109,070,960,372 $4,158,873,156
2020 $98,676,811,061 $4,227,719,873
2019 $91,834,517,113 $5,344,907,153
2018 $83,337,901,072 $5,581,425,327
2017 $76,366,081,767 $5,353,469,174
2016 $68,475,871,210 $4,930,213,644
2015 $62,103,418,182 $4,682,479,894
2014 $55,612,228,234 $4,857,104,769
2013 $47,648,276,605 $4,189,967,999
2012 $43,310,721,414 $3,972,028,104
2011 $31,952,763,089 $3,779,411,899
2010 $29,933,790,334 $3,140,166,713
2009 $32,437,389,116 $2,870,624,636
2008 $27,066,912,635 $3,523,185,920
2007 $19,707,616,773 $3,378,314,600
2006 $15,280,861,835 $3,076,305,453
2005 $12,401,139,454 $2,980,403,845
2004 $10,131,187,261 $2,708,078,477
2003 $8,623,691,300 $2,300,492,465
2002 $7,850,809,498 $1,833,279,985
2001 $8,231,326,016 $1,652,462,023
2000 $8,242,349,618 $1,678,219,508
1999 $7,892,973,532 $1,936,459,986
1998 $8,013,274,132 $1,653,146,717
1997 $8,803,539,988 $2,090,221,137
1996 $8,761,215,548 $2,128,696,644
1995 $7,855,205,207 $1,970,301,486
1994 $7,100,806,754 $1,825,732,093
1993 $9,051,043,870 $1,636,101,247
1992 $10,754,799,037 $1,532,411,039
1991 $13,799,799,324 $1,383,883,250
1990 $12,478,943,895 $1,337,017,559
1989 $11,762,932,007 $1,182,660,266
1988 $11,181,119,718 $1,110,009,523
1987 $10,790,001,558 $1,177,947,965
1986 $10,094,328,898 $1,290,267,340
1985 $9,717,392,687 $1,141,168,944
1984 $8,298,309,581 $1,178,000,678
1983 $8,781,664,427 $1,123,085,190
1982 $7,899,988,841 $1,194,059,943
1981 $7,507,663,567 $1,235,626,771
1980 $7,012,585,454 $1,202,618,816
1979 $6,586,048,398 $1,019,691,460
1978 $6,014,961,435 $829,267,889
1977 $5,651,840,585 $719,501,766
1976 $4,943,806,093 $694,540,806
1975 $4,577,047,854 $684,282,434
1974 $4,577,209,966 $558,587,097
1973 $4,070,570,550 $425,950,488
1972 $3,520,252,938 $316,656,649
1971 $3,224,280,835 $247,749,328
1970 $3,045,354,455 $219,878,482
1969 $2,768,987,372 $182,182,068
1968 $2,619,948,865 $166,952,937
1967 $2,461,762,003 $162,625,886
1966 $2,324,466,416 $150,603,926
1965 $2,159,998,591 $147,084,750
1964 $1,984,129,186 $140,032,741
1963 $1,825,058,828 $129,454,729
1962 $1,747,566,307 $122,906,435
1961 $1,680,859,514 $116,987,785
1960 $1,610,511,694 $112,328,422

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

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

GDP per capita in Ethiopia vs Fiji by year

Ethiopia
GDP per capita

GDP per capita, PPP
Fiji
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ethiopia Fiji
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,134 $3,288 $6,426 $15,450
2023 $1,056 $3,061 $5,926 $14,644
2022 $982 $2,845 $5,414 $12,982
2021 $893 $2,588 $4,537 $10,322
2020 $830 $2,407 $4,621 $10,716
2019 $793 $2,242 $5,842 $12,978
2018 $740 $2,095 $6,085 $12,984
2017 $696 $2,005 $5,827 $12,585
2016 $642 $1,858 $5,364 $11,766
2015 $598 $1,633 $5,098 $11,519
2014 $550 $1,485 $5,293 $10,516
2013 $484 $1,253 $4,572 $8,842
2012 $452 $1,179 $4,341 $8,204
2011 $343 $1,098 $4,140 $7,672
2010 $331 $996 $3,449 $7,339
2009 $369 $899 $3,164 $7,068
2008 $316 $845 $3,900 $7,154
2007 $237.1 $770 $3,763 $6,990
2006 $189.3 $693 $3,455 $6,921
2005 $158.2 $625 $3,378 $6,652
2004 $133.2 $558 $3,097 $6,463
2003 $116.8 $493 $2,656 $6,033
2002 $109.6 $509 $2,137 $5,914
2001 $118.5 $509 $1,945 $5,699
2000 $122.3 $474 $1,996 $5,521
1999 $120.7 $450 $2,328 $5,552
1998 $126.5 $436 $2,010 $5,090
1997 $143.4 $461 $2,574 $5,031
1996 $147.3 $453 $2,648 $5,109
1995 $136.5 $409 $2,467 $4,818
1994 $127.7 $391 $2,297 $4,627
1993 $168.5 $384 $2,070 $4,334
1992 $207.4 $343 $1,951 $4,172
1991 $277.6 $383 $1,775 $3,873
1990 $262.1 $417 $1,729 $3,882
1989 $256.4 - $1,543 -
1988 $253.2 - $1,463 -
1987 $254.1 - $1,569 -
1986 $246 - $1,745 -
1985 $243.9 - $1,577 -
1984 $214.2 - $1,667 -
1983 $232.7 - $1,628 -
1982 $215.3 - $1,773 -
1981 $212.7 - $1,879 -
1980 $203.7 - $1,873 -
1979 $192.4 - $1,627 -
1978 $178.3 - $1,355 -
1977 $170.4 - $1,204 -
1976 $152 - $1,186 -
1975 $144.3 - $1,188 -
1974 $147.9 - $984 -
1973 $134.9 - $762 -
1972 $119.8 - $575 -
1971 $112.7 - $458 -
1970 $109.4 - $414 -
1969 $102.3 - $350 -
1968 $99.5 - $327 -
1967 $96.1 - $326 -
1966 $93.2 - $310 -
1965 $88.9 - $311 -
1964 $83.8 - $306 -
1963 $79.2 - $291.4 -
1962 $77.8 - $285.5 -
1961 $76.7 - $280.3 -
1960 $75.3 - $277.4 -

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

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

Ethiopia's GDP per capita is $1,134, ranking 171/197, compared to $6,426 in Fiji, ranking 108/197. Adjusted for purchasing power (GDP per capita PPP), Ethiopia ranks 175th at $3,288, while Fiji ranks 113th at $15,450.

Economic indicators

Ethiopia Fiji
Gross domestic product
$150B
2024
$5.97B
2024
GDP rank
60/197
2024
161/197
2024
GDP growth
7.61%
2023-2024
3.53%
2023-2024
GDP per capita
$1,134
2024
$6,426
2024
GDP per capita rank
171/197
2024
108/197
2024
GDP per capita, PPP
$3,288
2024
$15,450
2024
GDP per capita PPP rank
175/197
2024
113/197
2024
Government debt
$48.9B
2024
$4.54B
2024
Debt-to-GDP ratio
32.7%
2024
76.2%
2024
Government debt per person
$370
2024
$4,893
2024
Government debt per person rank
172/185
2024
80/185
2024
Average annual personal income after taxes
$1,946
2026
$6,964
2026
Income share by richest 10%
24.8%
2021
24.2%
2019
Income share by poorest 10%
3.5%
2021
3.5%
2019
Government expenditure, % of GDP
9.54%
2024
29.7%
2024
Consumer prices inflation
21%
2023-2024
4.51%
2023-2024
Central bank interest rate n/a
0.25%
2020
Unemployment rate
3.94%
2021
5.36%
2024
Population
139917664
938628

Spending and national debt comparison by year

Ethiopia
Spending

Debt
Fiji
Spending

Debt
1x
Year % of GDP
Ethiopia Fiji
Government spending Government debt Government spending Government debt
2024 9.54% 32.7% 29.7% 76.2%
2023 10.8% 38.7% 28.8% 79.1%
2022 12.7% 46.9% 30.9% 83.3%
2021 13.8% 53.8% 36.7% 89%
2020 14.5% 53.7% 36.2% 72.9%
2019 15.4% 54.7% 30.8% 49.7%
2018 16.1% 58.4% 31.8% 44.8%
2017 18% 55.3% 27.3% 42.2%
2016 17.9% 51.8% 31.4% 43.6%
2015 17.3% 50.7% 29.8% 43%
2014 17.5% 44.2% 29.1% 44.5%
2013 17.8% 44.1% 25.1% 45.8%
2012 16.6% 39.4% 25.5% 47.7%
2011 18.2% 44.6% 25.3% 48.6%
2010 18.5% 39.4% 24.8% 51.8%
2009 17.1% 30% 26.2% 51.5%
2008 18.8% 56.1% 22.6% 47.5%
2007 20.5% 55.7% 23.3% 46%
2006 22.1% 79.6% 24.8% 49.2%
2005 22.9% 78.2% 23.3% 44%
2004 23.1% 103.1% 24% 44.5%
2003 27% 103.7% 25.8% 44.9%
2002 24.9% 107.4% 27.4% 43.4%
2001 22.4% 97.3% 26.4% 41%
2000 25.6% 93.6% 24.8% 36.9%
1999 25.8% 94.3% 23.2% 32.7%
1998 20.4% 86% 26.8% 36.6%
1997 17.3% 77.4% 29.1% 54.1%
1996 18.2% 129% 26.4% 48.8%
1995 16.9% 142.3% 23.2% 48.4%
1994 17.1% 150.7% 24.3% 47.6%
1993 13.4% 136.9% 25.7% 44.3%
1992 13.8% 85.4% 25.8% 42.2%
1991 16.8% 89.3% - -
1990 20.3% 91.6% - -
1989 24% 84.7% - -
1988 21.6% 84.3% - -
1987 18.4% 82.3% - -
1986 19.8% 75.7% - -
1985 19.7% 67.7% - -
1984 18.8% 65.4% - -
1983 21.3% 55.2% - -
1982 16.4% 48.8% - -
1981 14.2% 30.6% - -
1980 13.5% 18.5% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1980–1991, retrieved 2026-02-20).

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

In 2024, Ethiopia's government spending was $14.3B, accounting for 9.54% of its GDP, while Fiji spent $1.77B, or 29.7% of GDP.

Debt-to-GDP ratio is 32.7% in Ethiopia and 76.2% in Fiji, ranking 150/185 and 47/185, respectively.

Government deficit by year

Deficit/surplus
Ethiopia

Fiji
1x
Year Deficit/surplus, % of GDP
Ethiopia Fiji
2024 -1.99% -3.36%
2023 -2.6% -6.82%
2022 -4.16% -11.2%
2021 -2.77% -14.6%
2020 -2.76% -9.24%
2019 -2.53% -3.67%
2018 -3.03% -4.72%
2017 -3.24% -2.22%
2016 -2.3% -5.58%
2015 -1.95% -3.8%
2014 -2.58% -3.36%
2013 -1.93% -0.08%
2012 -1.17% -0.67%
2011 -1.61% -0.69%
2010 -1.32% -1.26%
2009 -0.93% -2.76%
2008 -2.88% 1.54%
2007 -3.57% 0.35%
2006 -3.79% -0.74%
2005 -4.12% -1.14%
2004 -2.65% -0.95%
2003 -5.59% -3.34%
2002 -5.76% -3.58%
2001 -3.76% -4.4%
2000 -8.88% -1.37%
1999 -8.23% 1.1%
1998 -3.51% 5.21%
1997 -1.7% -4.48%
1996 -3.81% -3.35%
1995 -2.68% 0.77%
1994 -5.23% -0.19%
1993 -4% -1.83%
1992 -4.78% -2.14%
1991 -5.83% -
1990 -6.66% -
1989 -4.33% -
1988 -3.48% -
1987 -3.54% -
1986 -3.98% -
1985 -4.71% -
1984 -3.69% -
1983 -7.59% -
1982 -3.6% -
1981 -2.19% -
1980 -2.56% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1980–1989, retrieved 2026-02-20).

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

In 2024, Ethiopia's government deficit, the difference between spending and revenue, was $2.98B, equivalent to 1.99% of GDP. This compares to Fiji's deficit of $201M, or 3.36% of GDP.

Over the past 33 years, Ethiopia recorded a fiscal deficit in 33 of those years, while Fiji ran a deficit in 28 years. On average, Ethiopia posted an annual deficit equal to 3.39% of GDP, compared to deficit of 2.81% of GDP for Fiji.

Inflation comparison by year

Inflation
Ethiopia

Fiji
1x
Year Consumer prices inflation
Ethiopia Fiji
2024 21% 4.51%
2023 30.2% 2.34%
2022 33.9% 4.32%
2021 26.8% 0.16%
2020 20.4% -2.6%
2019 15.8% 1.77%
2018 13.8% 4.08%
2017 10.7% 3.35%
2016 6.63% 3.86%
2015 9.57% 1.37%
2014 6.89% 0.52%
2013 7.46% 2.91%
2012 23.6% 3.42%
2011 33.2% 7.28%
2010 8.15% 3.69%
2009 8.48% 3.13%
2008 44.4% 7.73%
2007 17.2% 4.8%
2006 12.3% 2.49%
2005 9.97% 2.37%
2004 3.33% 2.83%
2003 13.7% 4.17%
2002 0.68% 0.76%
2001 -8.24% 4.27%
2000 0.66% 1.09%
1999 7.94% 1.97%
1998 0.89% 5.71%
1997 2.4% 3.37%

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

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

Over the past 28 years, Ethiopia has recorded an average annual inflation rate of 13.6%, compared with 3.06% in Fiji. In 2024, inflation was 21% in Ethiopia and 4.51% in Fiji.

Balance of trade

Ethiopia Fiji
Current account balance
-$3.79B
2024
-$866M
2022
Current account balance ranking
160/190
2024
120/190
2022
Current account balance, % of GDP
-2.53%
2024
-17.4%
2022
Goods imports
$19.6B
2024
$2.68B
2022
Goods exports
$5.58B
2024
$1.05B
2022
Service imports
$5.51B
2024
$754M
2022
Service exports
$7.61B
2024
$1.33B
2022
Imports of goods and services, % of GDP
11.9%
2024
69.2%
2023
Exports of goods and services, % of GDP
5.54%
2024
57%
2023

Economic freedom indices

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

Ethiopia Fiji
Economic freedom 48.1 59.5
Economic freedom ranking 171/197 103/197
Property rights 22.1 59.9
Government integrity 33.2 55.4
Judicial effectiveness 19.1 53.2
Tax burden 78.6 87.8
Government spending 96.4 70
Fiscal health 84.3 7.5
Business freedom 44.5 69.5
Labor freedom 37.8 66.9
Monetary freedom 53.7 72.4
Trade freedom 57.4 66.6
Investment freedom 30 55
Financial freedom 20 50

Economic freedom comparison by year

Ethiopia
Fiji
1x
Year Economic freedom index
Ethiopia Fiji
2026 48.1 59.5
2025 48.1 59.1
2024 47.9 58
2023 48.3 58
2022 49.6 56.4
2021 51.7 62.2
2020 53.6 63.4
2019 53.6 62.2
2018 52.8 62
2017 52.7 63.4
2016 51.5 58.8
2015 51.5 59
2014 50 58.7
2013 49.4 57.2
2012 52 57.3
2011 50.5 60.4
2010 51.2 60.3
2009 53 61
2008 52.5 61.8
2007 53.6 60.8
2006 50.9 58.4
2005 51.1 58.2
2004 54.5 58
2003 48.8 54.7
2002 49.8 53.9
2001 48.9 53.7
2000 50.2 57.8
1999 46.7 58.4
1998 49.2 58.2
1997 48.1 58
1996 45.9 57.4
1995 42.6 54.7

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

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

The Economic Freedom Index for Ethiopia is 48.1, ranking 171/197, 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

Ethiopia Fiji
Services, % of GDP
37.5%
2024
54.6%
2024
Industry, % of GDP
25.4%
2024
16.5%
2024
Agriculture, forestry, and fishing, % of GDP
34.8%
2024
13.2%
2024
GNI, Atlas method
$146B
2024
$5.4B
2024
GNI per capita, PPP
$3,280
2024
$14,490
2024
Total reserves including gold
$3.78B
2024
$1.6B
2024
Total reserves ranking
109/177
2024
133/177
2024
Net foreign direct investment
-$4.02B
2024
-$86.9M
2022
Net inflows of foreign direct investment
$4.02B
2024
$204M
2024
Net outflows of foreign direct investment
$0
2024
$25.6M
2024
Servicing debt to the IMF, % of GNI
0.91%
2024
4.36%
2024
Poverty at national poverty lines
33.1%
2021
31%
2020
Gross capital formation, % of GDP
20.6%
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/ethiopia/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 (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. International Monetary Fund (IMF) | Public Finances in Modern History (1980–1991, retrieved 2026-02-20)
  5. U.S. Census Bureau (1985–2024, 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.