Fiji vs Iceland: Economic Indicators Comparison

Iceland with a GDP of $25.9B ranked the 108th largest economy in the world, while Fiji ranked 152nd with $5.5B. By GDP 5-years average growth and GDP per capita, Iceland and Fiji ranked 47th vs 78th and 8th vs 98th, respectively.

Gross Domestic Product & Income

StatFijiIceland
GDP$5.5B$25.9B
GDP growth, 1 year3.2%4.6%
GDP growth, 5-years average3.3%4.5%
Population906k357k
GDP per capita$6.3k$73k
GDP per capita growth2.82%1.6%
Purchasing Power Parity conversion factor1.2138.33
Price level ratio of PPP conversion factor GDP to market exchange rate0.581.28
GDP per capita, PPP adjusted$10k$56k
GNI, Atlas method$5.2B$24B
GNI per capita$5.9k$68k
GNI, PPP adjusted$9B$19.5B
GNI per capita, PPP adjusted$10k$55k

Financial system and Human development

StatFijiIceland
Income Tax Rate29%31.8%
Corporate Tax Rate20%20%
Inflation, consumer prices4.1%2.7%
Inflation, GDP deflator0.9%2.4%
Unemployment4.2%2.9%
Economic Freedom Index63.477.1
Personal Freedom Index7.899.27
Human Freedom Index7.468.22
Property Rights Index69.987.6
Judical Effectiveness Index42.663.2
Business Freedom Index62.684.7
Fiscal Health Index84.297.5
Labor Freedom Index76.263.5
Investment Freedom Index5585
Financial Freedom Index5070
Trade Freedom Index52.886.8
Monetary Freedom Index72.580.3
Government Spending Index68.944.1
Tax Burden Index80.571.7
Government Integrity Index45.690.3
Corruption Perceptions Index5876
Life expectancy at birth, years67.382.2
Suicide mortality rate, per 100,000 people514
Mortality caused by road traffic injury, per 100,000 people9.66.6
Intentional homicides, per 100,000 people2.30.9
International tourism, number of arrivals870k2.3M

Government debt & reserves

StatFijiIceland
Central government debt, % of GDP49.7%35.4%
External debt stocks, % of GNI16.7%N/A
External debt stocks$851.8MN/A
Short-term debt, % of total reserves4.7%N/A
Total debt service, % of exports and primary income2%N/A
Adjusted net savings including particulate emission damage, % of GNI8.1%16.6%
Gross savings, % of GDPN/A21.2%
Gross capital formation, % of GDPN/A22.6%
Total reserves including gold$947.7M$6.3B
Foreign direct investment net inflows$468.8M-$434.6M

Exports, imports and economic structure

StatFijiIceland
Exports of goods and services, % of GDPN/A47.2%
Imports of goods and services, % of GDPN/A44.1%
Current account balance (balance of payments)-$470.1M$731.3M
Revenue excluding grants, % of GDP26.4%31%
Grants excluding technical cooperation, BoP$65.9MN/A
Personal remittances received$284.7M$168.9M
Industry including construction value added, % of GDP15.6%19.6%
Agriculture, forestry and fishing value added, % of GDP10.7%4.6%
Charges for the use of intellectual property, payments BoP$6.7M$143.4M
Charges for the use of intellectual property, receipts BoP$861k$241.7M
Expense, % of GDP28.3%30.8%
Government Expenditure, % of GDP32.2%43.2%

Compare with countries close by GDP per capita

Fiji vs

CountryGDP
per capita
Population
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k

Iceland vs

CountryGDP
per capita
Population
Monaco
$186k
38.7k
Liechtenstein
$165k
37.9k
Luxembourg
$117k
626k
Switzerland
$83k
8.47M
Norway
$82k
5.37M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Qatar
$69k
2.64M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k