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Economy of Fiji vs Indonesia compared: GDP & Debt

Updated on by Georank team

Fiji has a GDP of $5.97B compared to $1.4T for Indonesia, ranking 161/197 and 16/197 by economy size, respectively.

Fiji has $4.54B in government debt (76.2% of GDP), compared to $561B (40.2% of GDP) in Indonesia.

Fiji vs Indonesia GDP by year

Fiji
Indonesia
1x
Year GDP, current $
Fiji Indonesia
2024 $5,968,125,909 $1,396,300,098,191
2023 $5,476,673,518 $1,371,169,301,564
2022 $4,977,861,886 $1,319,101,183,380
2021 $4,158,873,156 $1,186,509,691,087
2020 $4,227,719,873 $1,059,054,842,698
2019 $5,344,907,153 $1,119,099,871,350
2018 $5,581,425,327 $1,042,271,532,989
2017 $5,353,469,174 $1,015,618,744,160
2016 $4,930,213,644 $931,877,364,038
2015 $4,682,479,894 $860,854,232,686
2014 $4,857,104,769 $890,814,755,534
2013 $4,189,967,999 $912,524,136,718
2012 $3,972,028,104 $917,869,913,333
2011 $3,779,411,899 $892,969,104,563
2010 $3,140,166,713 $755,094,157,622
2009 $2,870,624,636 $539,580,085,612
2008 $3,523,185,920 $510,228,634,992
2007 $3,378,314,600 $432,216,737,775
2006 $3,076,305,453 $364,570,515,618
2005 $2,980,403,845 $285,868,619,196
2004 $2,708,078,477 $256,836,875,295
2003 $2,300,492,465 $234,772,463,824
2002 $1,833,279,985 $195,660,611,165
2001 $1,652,462,023 $160,446,947,785
2000 $1,678,219,508 $165,021,012,078
1999 $1,936,459,986 $140,001,351,215
1998 $1,653,146,717 $95,445,547,873
1997 $2,090,221,137 $215,748,998,610
1996 $2,128,696,644 $227,369,679,375
1995 $1,970,301,486 $202,132,028,723
1994 $1,825,732,093 $176,892,143,932
1993 $1,636,101,247 $158,006,700,302
1992 $1,532,411,039 $128,026,966,580
1991 $1,383,883,250 $116,621,996,217
1990 $1,337,017,559 $106,140,727,334
1989 $1,182,660,266 $94,451,427,877
1988 $1,110,009,523 $84,300,174,486
1987 $1,177,947,965 $75,929,617,558
1986 $1,290,267,340 $79,954,072,545
1985 $1,141,168,944 $85,289,488,375
1984 $1,178,000,678 $84,853,700,028
1983 $1,123,085,190 $81,052,283,384
1982 $1,194,059,943 $90,158,449,295
1981 $1,235,626,771 $85,518,233,419
1980 $1,202,618,816 $72,482,337,397
1979 $1,019,691,460 $51,400,186,343
1978 $829,267,889 $51,455,719,076
1977 $719,501,766 $45,808,915,663
1976 $694,540,806 $37,269,156,627
1975 $684,282,434 $30,463,855,422
1974 $558,587,097 $25,802,409,639
1973 $425,950,488 $16,273,253,012
1972 $316,656,649 $10,997,590,361
1971 $247,749,328 $9,333,536,370
1970 $219,878,482 $9,150,684,932
1969 $182,182,068 $8,337,423,313
1968 $166,952,937 $7,076,465,300
1967 $162,625,886 $5,667,756,628
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/indonesia | CC BY

GDP per capita in Fiji vs Indonesia by year

Fiji
GDP per capita

GDP per capita, PPP
Indonesia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Fiji Indonesia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,426 $15,450 $4,925 $16,448
2023 $5,926 $14,644 $4,876 $15,416
2022 $5,414 $12,982 $4,731 $14,285
2021 $4,537 $10,322 $4,287 $12,757
2020 $4,621 $10,716 $3,854 $11,729
2019 $5,842 $12,978 $4,107 $11,986
2018 $6,085 $12,984 $3,861 $11,372
2017 $5,827 $12,585 $3,799 $10,688
2016 $5,364 $11,766 $3,521 $10,263
2015 $5,098 $11,519 $3,288 $10,028
2014 $5,293 $10,516 $3,441 $10,065
2013 $4,572 $8,842 $3,567 $9,866
2012 $4,341 $8,204 $3,632 $9,530
2011 $4,140 $7,672 $3,579 $8,937
2010 $3,449 $7,339 $3,066 $8,353
2009 $3,164 $7,068 $2,218 $7,868
2008 $3,900 $7,154 $2,125 $7,569
2007 $3,763 $6,990 $1,823 $7,096
2006 $3,455 $6,921 $1,558 $6,583
2005 $3,378 $6,652 $1,238 $6,134
2004 $3,097 $6,463 $1,127 $5,700
2003 $2,656 $6,033 $1,043 $5,353
2002 $2,137 $5,914 $881 $5,076
2001 $1,945 $5,699 $732 $4,849
2000 $1,996 $5,521 $764 $4,639
1999 $2,328 $5,552 $657 $4,386
1998 $2,010 $5,090 $455 $4,356
1997 $2,574 $5,031 $1,045 $5,037
1996 $2,648 $5,109 $1,119 $4,807
1995 $2,467 $4,818 $1,011 $4,451
1994 $2,297 $4,627 $900 $4,096
1993 $2,070 $4,334 $817 $3,793
1992 $1,951 $4,172 $674 $3,538
1991 $1,775 $3,873 $624 $3,305
1990 $1,729 $3,882 $578 $3,044
1989 $1,543 - $524 -
1988 $1,463 - $477 -
1987 $1,569 - $438 -
1986 $1,745 - $470 -
1985 $1,577 - $511 -
1984 $1,667 - $520 -
1983 $1,628 - $508 -
1982 $1,773 - $578 -
1981 $1,879 - $561 -
1980 $1,873 - $487 -
1979 $1,627 - $353 -
1978 $1,355 - $362 -
1977 $1,204 - $331 -
1976 $1,186 - $275.7 -
1975 $1,188 - $231.1 -
1974 $984 - $200.7 -
1973 $762 - $129.9 -
1972 $575 - $90.1 -
1971 $458 - $78.5 -
1970 $414 - $79.1 -
1969 $350 - $74.1 -
1968 $327 - $64.7 -
1967 $326 - $53.2 -
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/indonesia | CC BY

Fiji's GDP per capita is $6,426, ranking 108/197, compared to $4,925 in Indonesia, ranking 121/197. Adjusted for purchasing power (GDP per capita PPP), Fiji ranks 113th at $15,450, while Indonesia ranks 107th at $16,448.

Economic indicators

Fiji Indonesia
Gross domestic product
$5.97B
2024
$1.4T
2024
GDP rank
161/197
2024
16/197
2024
GDP growth
3.53%
2023-2024
5.03%
2023-2024
GDP per capita
$6,426
2024
$4,925
2024
GDP per capita rank
108/197
2024
121/197
2024
GDP per capita, PPP
$15,450
2024
$16,448
2024
GDP per capita PPP rank
113/197
2024
107/197
2024
Government debt
$4.54B
2024
$561B
2024
Debt-to-GDP ratio
76.2%
2024
40.2%
2024
Government debt per person
$4,893
2024
$1,978
2024
Government debt per person rank
80/185
2024
120/185
2024
Average annual personal income after taxes
$6,964
2026
$3,371
2026
Market capitalization of domestic companies n/a
$758B
2023
Number of millionaires n/a
178,605
2025
Number of billionaires n/a
33
2025
Income share by richest 10%
24.2%
2019
28.8%
2024
Income share by poorest 10%
3.5%
2019
3.5%
2024
Government expenditure, % of GDP
29.7%
2024
16.8%
2024
Consumer prices inflation
4.51%
2023-2024
2.18%
2023-2024
Central bank interest rate
0.25%
2020
4.75%
2025
Unemployment rate
5.36%
2024
3.31%
2023
Population
938628
288551776

Spending and national debt comparison by year

Fiji
Spending

Debt
Indonesia
Spending

Debt
1x
Year % of GDP
Fiji Indonesia
Government spending Government debt Government spending Government debt
2024 29.7% 76.2% 16.8% 40.2%
2023 28.8% 79.1% 16.6% 39.6%
2022 30.9% 83.3% 17.3% 40.1%
2021 36.7% 89% 18.1% 41.1%
2020 36.2% 72.9% 18.4% 39.7%
2019 30.8% 49.7% 16.4% 30.6%
2018 31.8% 44.8% 16.6% 30.4%
2017 27.3% 42.2% 16.4% 29.4%
2016 31.4% 43.6% 16.9% 28%
2015 29.8% 43% 17.6% 27%
2014 29.1% 44.5% 18.4% 24.6%
2013 25.1% 45.8% 18.8% 24.9%
2012 25.5% 47.7% 18.8% 23%
2011 25.3% 48.6% 17.7% 23.1%
2010 24.8% 51.8% 16.9% 26.4%
2009 26.2% 51.5% 17% 26.5%
2008 22.6% 47.5% 19.4% 30.3%
2007 23.3% 46% 18.7% 38.1%
2006 24.8% 49.2% 18.4% 35.8%
2005 23.3% 44% 17.4% 42.6%
2004 24% 44.5% 17.8% 51.3%
2003 25.8% 44.9% 18.2% 55.6%
2002 27.4% 43.4% 16.9% 62.3%
2001 26.4% 41% 19.5% 73.7%
2000 24.8% 36.9% 15.3% 87.4%
1999 23.2% 32.7% 15.1% 95.9%
1998 26.8% 36.6% 15.1% 72.5%
1997 29.1% 54.1% 15.2% 26.4%
1996 26.4% 48.8% 11.5% 27.5%
1995 23.2% 48.4% 11.9% 32%
1994 24.3% 47.6% 13.5% 37%
1993 25.7% 44.3% 14.1% 40.4%
1992 25.8% 42.2% 16.8% 42.6%
1991 - - 15% 39.2%
1990 - - 15.8% 40.8%
1989 - - 16.5% 42.5%
1988 - - 17.3% 45.6%
1987 - - 18% 49.7%
1986 - - 20.9% 38.3%
1985 - - 18.5% 28%
1984 - - 16.1% 23.5%
1983 - - 18.2% 23.1%
1982 - - 18.8% 18.6%
1981 - - 24.4% 16.4%
1980 - - 22.1% 17.3%
1979 - - 20.9% 22%
1978 - - 20.1% 30.3%
1977 - - 19.5% 27.7%
1976 - - 21.8% 38.1%
1975 - - 20.5% 36.7%
1974 - - 17.3% 34.4%
1973 - - 16.3% 43.1%
1972 - - 15.7% 51.2%
1971 - - 14.5% 50.5%
1970 - - 13.8% 46.7%
1969 - - 12.8% -
1968 - - 8.82% -
1967 - - 10.4% -
1966 - - 9.18% -
1965 - - 10.7% -
1964 - - 9.55% -
1963 - - 10.3% -
1962 - - 7.89% -
1961 - - 15.1% -
1960 - - 14.4% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

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

In 2024, Fiji's government spending was $1.77B, accounting for 29.7% of its GDP, while Indonesia spent $235B, or 16.8% of GDP.

Debt-to-GDP ratio is 76.2% in Fiji and 40.2% in Indonesia, ranking 47/185 and 132/185, respectively.

Government deficit by year

Deficit/surplus
Fiji

Indonesia
1x
Year Deficit/surplus, % of GDP
Fiji Indonesia
2024 -3.36% -2.3%
2023 -6.82% -1.64%
2022 -11.2% -2.31%
2021 -14.6% -4.4%
2020 -9.24% -6.07%
2019 -3.67% -2.09%
2018 -4.72% -1.69%
2017 -2.22% -2.26%
2016 -5.58% -2.56%
2015 -3.8% -2.72%
2014 -3.36% -1.8%
2013 -0.08% -1.96%
2012 -0.67% -1.59%
2011 -0.69% -0.7%
2010 -1.26% -1.24%
2009 -2.76% -1.64%
2008 1.54% 0.05%
2007 0.35% -0.95%
2006 -0.74% 0.45%
2005 -1.14% 0.46%
2004 -0.95% -0.26%
2003 -3.34% -1.08%
2002 -3.58% -0.58%
2001 -4.4% -1.76%
2000 -1.37% -1.87%
1999 1.1% -0.96%
1998 5.21% -1.89%
1997 -4.48% -1.03%
1996 -3.35% 0.96%
1995 0.77% 0.64%
1994 -0.19% 0.005%
1993 -1.83% -0.59%
1992 -2.14% -2.95%
1991 - -0.87%
1990 - -0.55%
1989 - -1.72%
1988 - -2.68%
1987 - -0.9%
1986 - -2.94%
1985 - -0.45%
1984 - 1.83%
1983 - -1%
1982 - -1.11%
1981 - -0.69%
1980 - -0.82%
1979 - -0.67%
1978 - -2.03%
1977 - -0.38%
1976 - -2.63%
1975 - -2.33%
1974 - -0.35%
1973 - -1.33%
1972 - -1.82%
1971 - -2.51%
1970 - -3.02%
1969 - -2.8%
1968 - 0%
1967 - -0.35%
1966 - -5.06%
1965 - -6.62%
1964 - -5.58%
1963 - -5.24%
1962 - -3.1%
1961 - -4.57%
1960 - -1.65%
1959 - -4.06%
1958 - -6.67%
1957 - -2.92%
1956 - -1.38%
1955 - -1.6%
1954 - -3.16%
1953 - -2.33%
1952 - -3.66%
1951 - 1.52%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1951–1992, retrieved 2026-02-20).

GeoRank.org/economy/fiji/indonesia | 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 Indonesia's deficit of $32.1B, or 2.3% of GDP.

Over the past 33 years, Fiji recorded a fiscal deficit in 28 of those years, while Indonesia ran a deficit in 27 years. On average, Fiji posted an annual deficit equal to 2.81% of GDP, compared to deficit of 1.46% of GDP for Indonesia.

Inflation comparison by year

Inflation
Fiji

Indonesia
1x
Year Consumer prices inflation
Fiji Indonesia
2024 4.51% 2.18%
2023 2.34% 3.67%
2022 4.32% 4.21%
2021 0.16% 1.56%
2020 -2.6% 1.92%
2019 1.77% 3.03%
2018 4.08% 3.2%
2017 3.35% 3.81%
2016 3.86% 3.53%
2015 1.37% 6.36%
2014 0.52% 6.39%
2013 2.91% 6.41%
2012 3.42% 4.28%
2011 7.28% 5.36%
2010 3.69% 5.13%
2009 3.13% 4.39%
2008 7.73% 10.2%
2007 4.8% 6.41%
2006 2.49% 13.1%
2005 2.37% 10.5%
2004 2.83% 6.06%
2003 4.17% 6.76%
2002 0.76% 11.9%
2001 4.27% 11.5%
2000 1.09% 3.69%
1999 1.97% 20.5%
1998 5.71% 58.5%
1997 3.37% 6.23%

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

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

Over the past 28 years, Fiji has recorded an average annual inflation rate of 3.06%, compared with 8.24% in Indonesia. In 2024, inflation was 4.51% in Fiji and 2.18% in Indonesia.

Top exports between countries

Fiji
Export category Export value
Animal & marine products $742K
Processed food, beverages & tobacco $538K
Machinery & equipment $95K
Textiles & consumer goods $68K
Metals $15K
Miscellaneous $9K
Wood & paper products $9K
Chemicals & pharma $6K
Indonesia
Export category Export value
Processed food, beverages & tobacco $15.2M
Machinery & equipment $10.9M
Textiles & consumer goods $5.06M
Chemicals & pharma $4.7M
Raw materials & minerals $2.71M
Wood & paper products $1.9M
Metals $391K
Miscellaneous $151K
Animal & marine products $149K
Precious metals & jewellery $125K

Balance of trade

Fiji Indonesia
Current account balance
-$866M
2022
-$8.72B
2024
Current account balance ranking
120/190
2022
174/190
2024
Current account balance, % of GDP
-17.4%
2022
-0.62%
2024
Goods imports
$2.68B
2022
$223B
2024
Goods exports
$1.05B
2022
$263B
2024
Service imports
$754M
2022
$57.6B
2024
Service exports
$1.33B
2022
$39B
2024
Imports of goods and services, % of GDP
69.2%
2023
20.4%
2024
Exports of goods and services, % of GDP
57%
2023
22.2%
2024

Economic freedom indices

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

Fiji Indonesia
Economic freedom 59.5 65.1
Economic freedom ranking 103/197 67/197
Property rights 59.9 39.7
Government integrity 55.4 42
Judicial effectiveness 53.2 43.1
Tax burden 87.8 81.5
Government spending 70 91.4
Fiscal health 7.5 89.8
Business freedom 69.5 69.2
Labor freedom 66.9 56.8
Monetary freedom 72.4 79.4
Trade freedom 66.6 78.6
Investment freedom 55 50
Financial freedom 50 60

Economic freedom comparison by year

Fiji
Indonesia
1x
Year Economic freedom index
Fiji Indonesia
2026 59.5 65.1
2025 59.1 65.2
2024 58 63.5
2023 58 63.5
2022 56.4 64.4
2021 62.2 66.9
2020 63.4 67.2
2019 62.2 65.8
2018 62 64.2
2017 63.4 61.9
2016 58.8 59.4
2015 59 58.1
2014 58.7 58.5
2013 57.2 56.9
2012 57.3 56.4
2011 60.4 56
2010 60.3 55.5
2009 61 53.4
2008 61.8 53.2
2007 60.8 53.2
2006 58.4 51.9
2005 58.2 52.9
2004 58 52.1
2003 54.7 55.8
2002 53.9 54.8
2001 53.7 52.5
2000 57.8 55.2
1999 58.4 61.5
1998 58.2 63.4
1997 58 62
1996 57.4 61
1995 54.7 54.9

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

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

The Economic Freedom Index for Fiji is 59.5, ranking 103/197, compared to 65.1 for Indonesia, ranking 67/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Fiji Indonesia
Services, % of GDP
54.6%
2024
43.8%
2024
Industry, % of GDP
16.5%
2024
39.3%
2024
Agriculture, forestry, and fishing, % of GDP
13.2%
2024
12.6%
2024
GNI, Atlas method
$5.4B
2024
$1.39T
2024
GNI per capita, PPP
$14,490
2024
$16,010
2024
Total reserves including gold
$1.6B
2024
$156B
2024
Total reserves ranking
133/177
2024
20/177
2024
Net foreign direct investment
-$86.9M
2022
-$15.9B
2024
Net inflows of foreign direct investment
$204M
2024
$24.2B
2024
Net outflows of foreign direct investment
$25.6M
2024
$8.39B
2024
Servicing debt to the IMF, % of GNI
4.36%
2024
5.65%
2024
Poverty at national poverty lines
31%
2020
9%
2024
Gross capital formation, % of GDP
19.7%
2023
31.4%
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/indonesia | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1951–1999, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2020–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. 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.