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Economy of Fiji vs Guinea compared: GDP & Debt

Updated on by Georank team

Fiji has a GDP of $5.97B compared to $25B for Guinea, ranking 161/197 and 118/197 by economy size, respectively.

Fiji has $4.54B in government debt (76.2% of GDP), compared to $12.2B (48.8% of GDP) in Guinea.

Fiji vs Guinea GDP by year

Fiji
Guinea
1x
Year GDP, current $
Fiji Guinea
2024 $5,968,125,909 $25,008,678,293
2023 $5,476,673,518 $22,407,615,556
2022 $4,977,861,886 $19,910,452,542
2021 $4,158,873,156 $17,069,115,738
2020 $4,227,719,873 $14,088,693,743
2019 $5,344,907,153 $13,442,861,496
2018 $5,581,425,327 $11,857,030,367
2017 $5,353,469,174 $10,324,668,271
2016 $4,930,213,644 $8,595,955,222
2015 $4,682,479,894 $8,794,201,743
2014 $4,857,104,769 $8,778,473,373
2013 $4,189,967,999 $8,376,613,539
2012 $3,972,028,104 $7,638,044,557
2011 $3,779,411,899 $6,785,137,203
2010 $3,140,166,713 $6,853,467,146
2009 $2,870,624,636 $6,716,905,340
2008 $3,523,185,920 $6,964,179,983
2007 $3,378,314,600 $6,281,918,226
2006 $3,076,305,453 $4,220,019,845
2005 $2,980,403,845 $4,282,468,637
2004 $2,708,078,477 $5,300,767,961
2003 $2,300,492,465 $5,025,167,975
2002 $1,833,279,985 $4,301,608,753
2001 $1,652,462,023 $4,125,527,603
2000 $1,678,219,508 $4,367,458,867
1999 $1,936,459,986 $5,046,806,783
1998 $1,653,146,717 $5,232,118,046
1997 $2,090,221,137 $5,516,916,163
1996 $2,128,696,644 $5,641,243,100
1995 $1,970,301,486 $5,385,704,166
1994 $1,825,732,093 $4,932,800,407
1993 $1,636,101,247 $4,781,166,117
1992 $1,532,411,039 $4,789,220,417
1991 $1,383,883,250 $4,396,178,694
1990 $1,337,017,559 $3,888,320,666
1989 $1,182,660,266 $3,546,079,263
1988 $1,110,009,523 $3,476,480,303
1987 $1,177,947,965 $2,976,714,019
1986 $1,290,267,340 $2,909,130,355
1985 $1,141,168,944 $22,787,644,566
1984 $1,178,000,678 $18,421,497,251
1983 $1,123,085,190 $15,129,893,722
1982 $1,194,059,943 $11,926,032,493
1981 $1,235,626,771 $9,646,440,667
1980 $1,202,618,816 $9,746,524,915
1979 $1,019,691,460 $8,877,094,497
1978 $829,267,889 $8,087,305,999
1977 $719,501,766 $6,914,381,291
1976 $694,540,806 $6,762,781,871
1975 $684,282,434 $6,102,769,605
1974 $558,587,097 $5,691,417,541
1973 $425,950,488 $5,152,080,388
1972 $316,656,649 $4,203,069,035
1971 $247,749,328 $3,594,302,908
1970 $219,878,482 $3,220,224,608
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/fiji/guinea | CC BY

GDP per capita in Fiji vs Guinea by year

Fiji
GDP per capita

GDP per capita, PPP
Guinea
GDP per capita

GDP per capita, PPP
1x
Year Current $
Fiji Guinea
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,426 $15,450 $1,695 $4,565
2023 $5,926 $14,644 $1,555 $4,334
2022 $5,414 $12,982 $1,417 $4,062
2021 $4,537 $10,322 $1,245 $3,739
2020 $4,621 $10,716 $1,054 $3,332
2019 $5,842 $12,978 $1,031 $3,106
2018 $6,085 $12,984 $933 $2,844
2017 $5,827 $12,585 $834 $2,687
2016 $5,364 $11,766 $712 $2,255
2015 $5,098 $11,519 $747 $1,930
2014 $5,293 $10,516 $765 $1,873
2013 $4,572 $8,842 $748 $1,842
2012 $4,341 $8,204 $699 $1,790
2011 $4,140 $7,672 $637 $1,705
2010 $3,449 $7,339 $659 $1,622
2009 $3,164 $7,068 $662 $1,567
2008 $3,900 $7,154 $704 $1,614
2007 $3,763 $6,990 $650 $1,558
2006 $3,455 $6,921 $447 $1,453
2005 $3,378 $6,652 $463 $1,422
2004 $3,097 $6,463 $585 $1,366
2003 $2,656 $6,033 $566 $1,328
2002 $2,137 $5,914 $496 $1,315
2001 $1,945 $5,699 $483 $1,251
2000 $1,996 $5,521 $518 $1,196
1999 $2,328 $5,552 $611 $1,163
1998 $2,010 $5,090 $647 $1,130
1997 $2,574 $5,031 $696 $1,099
1996 $2,648 $5,109 $726 $1,048
1995 $2,467 $4,818 $713 $1,014
1994 $2,297 $4,627 $672 $976
1993 $2,070 $4,334 $671 $947
1992 $1,951 $4,172 $693 $908
1991 $1,775 $3,873 $656 $887
1990 $1,729 $3,882 $604 $871
1989 $1,543 - $570 -
1988 $1,463 - $574 -
1987 $1,569 - $505 -
1986 $1,745 - $506 -
1985 $1,577 - $4,062 -
1984 $1,667 - $3,362 -
1983 $1,628 - $2,823 -
1982 $1,773 - $2,273 -
1981 $1,879 - $1,876 -
1980 $1,873 - $1,931 -
1979 $1,627 - $1,790 -
1978 $1,355 - $1,658 -
1977 $1,204 - $1,440 -
1976 $1,186 - $1,431 -
1975 $1,188 - $1,311 -
1974 $984 - $1,243 -
1973 $762 - $1,143 -
1972 $575 - $948 -
1971 $458 - $825 -
1970 $414 - $753 -
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/fiji/guinea | CC BY

Fiji's GDP per capita is $6,426, ranking 108/197, compared to $1,695 in Guinea, ranking 160/197. Adjusted for purchasing power (GDP per capita PPP), Fiji ranks 113th at $15,450, while Guinea ranks 161st at $4,565.

Economic indicators

Fiji Guinea
Gross domestic product
$5.97B
2024
$25B
2024
GDP rank
161/197
2024
118/197
2024
GDP growth
3.53%
2023-2024
5.35%
2023-2024
GDP per capita
$6,426
2024
$1,695
2024
GDP per capita rank
108/197
2024
160/197
2024
GDP per capita, PPP
$15,450
2024
$4,565
2024
GDP per capita PPP rank
113/197
2024
161/197
2024
Government debt
$4.54B
2024
$12.2B
2024
Debt-to-GDP ratio
76.2%
2024
48.8%
2024
Government debt per person
$4,893
2024
$828
2024
Government debt per person rank
80/185
2024
147/185
2024
Average annual personal income after taxes
$6,964
2026
$20,020
2026
Income share by richest 10%
24.2%
2019
23.1%
2018
Income share by poorest 10%
3.5%
2019
3.5%
2018
Government expenditure, % of GDP
29.7%
2024
20.6%
2024
Consumer prices inflation
4.51%
2023-2024
4.7%
2023-2024
Central bank interest rate
0.25%
2020
n/a
Unemployment rate
5.36%
2024
5.02%
2019
Population
938628
15546235

Spending and national debt comparison by year

Fiji
Spending

Debt
Guinea
Spending

Debt
1x
Year % of GDP
Fiji Guinea
Government spending Government debt Government spending Government debt
2024 29.7% 76.2% 20.6% 48.8%
2023 28.8% 79.1% 18.3% 40.4%
2022 30.9% 83.3% 15.7% 37.9%
2021 36.7% 89% 15.1% 40.6%
2020 36.2% 72.9% 17.1% 45.3%
2019 30.8% 49.7% 14.9% 37.3%
2018 31.8% 44.8% 15.9% 37.5%
2017 27.3% 42.2% 17.3% 39.9%
2016 31.4% 43.6% 16.1% 40.6%
2015 29.8% 43% 21.7% 41.5%
2014 29.1% 44.5% 20.1% 32.1%
2013 25.1% 45.8% 18.6% 30.5%
2012 25.5% 47.7% 19.6% 26.9%
2011 25.3% 48.6% 16% 53.8%
2010 24.8% 51.8% 20.5% 71.1%
2009 26.2% 51.5% 16.2% 61.3%
2008 22.6% 47.5% 10.1% 58.5%
2007 23.3% 46% 8.66% 60.8%
2006 24.8% 49.2% 13.2% 95.2%
2005 23.3% 44% 11% 97.9%
2004 24% 44.5% 13% 86.9%
2003 25.8% 44.9% 14.7% 81.6%
2002 27.4% 43.4% 14.4% 82.6%
2001 26.4% 41% 14.9% 90.4%
2000 24.8% 36.9% 12.6% 91.5%
1999 23.2% 32.7% 11.6% 92.3%
1998 26.8% 36.6% 10.3% 75.9%
1997 29.1% 54.1% 12.6% 67.9%
1996 26.4% 48.8% 12% 67.7%
1995 23.2% 48.4% 12.7% 66.5%
1994 24.3% 47.6% 12.6% 71.3%
1993 25.7% 44.3% 13.3% 68.9%
1992 25.8% 42.2% 13.8% 62%
1991 - - 16.3% 70.9%
1990 - - 18.7% 71.6%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2024, Fiji's government spending was $1.77B, accounting for 29.7% of its GDP, while Guinea spent $5.14B, or 20.6% of GDP.

Debt-to-GDP ratio is 76.2% in Fiji and 48.8% in Guinea, ranking 47/185 and 111/185, respectively.

Government deficit by year

Deficit/surplus
Fiji

Guinea
1x
Year Deficit/surplus, % of GDP
Fiji Guinea
2024 -3.36% -4.99%
2023 -6.82% -3.86%
2022 -11.2% -1.88%
2021 -14.6% -1.7%
2020 -9.24% -3.08%
2019 -3.67% -0.17%
2018 -4.72% -0.97%
2017 -2.22% -1.98%
2016 -5.58% -0.08%
2015 -3.8% -6.53%
2014 -3.36% -3.01%
2013 -0.08% -3.86%
2012 -0.67% 23.7%
2011 -0.69% -0.92%
2010 -1.26% -9.66%
2009 -2.76% -4.87%
2008 1.54% 0.38%
2007 0.35% 1.28%
2006 -0.74% -2.13%
2005 -1.14% -1.06%
2004 -0.95% -3.85%
2003 -3.34% -4.65%
2002 -3.58% -3.37%
2001 -4.4% -3.23%
2000 -1.37% -2.42%
1999 1.1% -1.3%
1998 5.21% 2.46%
1997 -4.48% 0.07%
1996 -3.35% -2.2%
1995 0.77% -1.07%
1994 -0.19% -2.59%
1993 -1.83% -2.33%
1992 -2.14% -0.89%
1991 - -3.25%
1990 - -3.76%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2024, Fiji's government deficit, the difference between spending and revenue, was $201M, equivalent to 3.36% of GDP. This compares to Guinea's deficit of $1.25B, or 4.99% of GDP.

Over the past 33 years, Fiji recorded a fiscal deficit in 28 of those years, while Guinea ran a deficit in 28 years. On average, Fiji posted an annual deficit equal to 2.81% of GDP, compared to deficit of 1.54% of GDP for Guinea.

Inflation comparison by year

Inflation
Fiji

Guinea
1x
Year Consumer prices inflation
Fiji Guinea
2024 4.51% 4.7%
2023 2.34% 5.4%
2022 4.32% 10.5%
2021 0.16% 12.6%
2020 -2.6% 10.6%
2019 1.77% 9.5%
2018 4.08% 9.8%
2017 3.35% 8.9%
2016 3.86% 8.2%
2015 1.37% 8.2%
2014 0.52% 9.7%
2013 2.91% 11.9%
2012 3.42% 15.2%
2011 7.28% 21.4%
2010 3.69% 15.5%
2009 3.13% 4.7%
2008 7.73% 18.4%
2007 4.8% 22.9%
2006 2.49% 34.7%
2005 2.37% 31.4%
2004 2.83% 17.5%
2003 4.17% 11%
2002 0.76% 3%
2001 4.27% 5.4%
2000 1.09% 6.8%
1999 1.97% 4.6%
1998 5.71% 5.1%
1997 3.37% 1.9%

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

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

Over the past 28 years, Fiji has recorded an average annual inflation rate of 3.06%, compared with 11.8% in Guinea. In 2024, inflation was 4.51% in Fiji and 4.7% in Guinea.

Balance of trade

Fiji Guinea
Current account balance
-$866M
2022
-$392M
2024
Current account balance ranking
120/190
2022
104/190
2024
Current account balance, % of GDP
-17.4%
2022
-1.57%
2024
Goods imports
$2.68B
2022
$7.08B
2024
Goods exports
$1.05B
2022
$11.6B
2024
Service imports
$754M
2022
$3.15B
2024
Service exports
$1.33B
2022
$71.2M
2024
Imports of goods and services, % of GDP
69.2%
2023
56.4%
2024
Exports of goods and services, % of GDP
57%
2023
41.4%
2024

Economic freedom indices

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

Fiji Guinea
Economic freedom 59.5 53.1
Economic freedom ranking 103/197 141/197
Property rights 59.9 21.3
Government integrity 55.4 26.7
Judicial effectiveness 53.2 26
Tax burden 87.8 70.1
Government spending 70 90.1
Fiscal health 7.5 74.8
Business freedom 69.5 44.8
Labor freedom 66.9 56.4
Monetary freedom 72.4 75.3
Trade freedom 66.6 61.8
Investment freedom 55 50
Financial freedom 50 40

Economic freedom comparison by year

Fiji
Guinea
1x
Year Economic freedom index
Fiji Guinea
2026 59.5 53.1
2025 59.1 54.6
2024 58 53.3
2023 58 53.2
2022 56.4 54.2
2021 62.2 56.5
2020 63.4 56.5
2019 62.2 55.7
2018 62 52.2
2017 63.4 47.6
2016 58.8 53.3
2015 59 52.1
2014 58.7 53.5
2013 57.2 51.2
2012 57.3 50.8
2011 60.4 51.7
2010 60.3 51.8
2009 61 51
2008 61.8 52.8
2007 60.8 54.5
2006 58.4 52.8
2005 58.2 57.4
2004 58 56.1
2003 54.7 54.6
2002 53.9 52.9
2001 53.7 58.4
2000 57.8 58.2
1999 58.4 59.4
1998 58.2 61
1997 58 52.9
1996 57.4 58.5
1995 54.7 59.4

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

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

The Economic Freedom Index for Fiji is 59.5, ranking 103/197, compared to 53.1 for Guinea, ranking 141/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Fiji Guinea
Services, % of GDP
54.6%
2024
36.3%
2024
Industry, % of GDP
16.5%
2024
25.1%
2024
Agriculture, forestry, and fishing, % of GDP
13.2%
2024
31%
2024
GNI, Atlas method
$5.4B
2024
$21.3B
2024
GNI per capita, PPP
$14,490
2024
$4,130
2024
Total reserves including gold
$1.6B
2024
$1.89B
2023
Total reserves ranking
133/177
2024
128/177
2023
Net foreign direct investment
-$86.9M
2022
-$1.4B
2024
Net inflows of foreign direct investment
$204M
2024
$1.4B
2024
Net outflows of foreign direct investment
$25.6M
2024
$30K
2024
Servicing debt to the IMF, % of GNI
4.36%
2024
1.94%
2024
Poverty at national poverty lines
31%
2020
47%
2020
Gross capital formation, % of GDP
19.7%
2023
32.1%
2024

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/fiji/guinea | 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. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. Central Intelligence Agency (CIA) (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.