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Economy of Fiji vs Iran compared: GDP & Debt

Updated on by Georank team

Fiji has a GDP of $5.97B compared to $475B for Iran, ranking 161/197 and 34/197 by economy size, respectively.

Fiji has $4.54B in government debt (76.2% of GDP), compared to $162B (34% of GDP) in Iran.

Fiji vs Iran GDP by year

Fiji
Iran
1x
Year GDP, current $
Fiji Iran
2024 $5,968,125,909 $475,252,089,215
2023 $5,476,673,518 $457,510,482,317
2022 $4,977,861,886 $422,662,261,526
2021 $4,158,873,156 $407,350,685,583
2020 $4,227,719,873 $280,934,329,280
2019 $5,344,907,153 $347,988,400,958
2018 $5,581,425,327 $411,903,303,606
2017 $5,353,469,174 $510,239,893,418
2016 $4,930,213,644 $478,618,064,871
2015 $4,682,479,894 $409,191,686,497
2014 $4,857,104,769 $462,284,793,281
2013 $4,189,967,999 $500,399,839,840
2012 $3,972,028,104 $644,019,315,004
2011 $3,779,411,899 $629,082,257,472
2010 $3,140,166,713 $487,069,570,464
2009 $2,870,624,636 $414,059,094,949
2008 $3,523,185,920 $406,070,949,554
2007 $3,378,314,600 $349,736,591,832
2006 $3,076,305,453 $265,602,187,404
2005 $2,980,403,845 $224,970,371,325
2004 $2,708,078,477 $187,754,571,248
2003 $2,300,492,465 $151,911,222,119
2002 $1,833,279,985 $128,626,917,504
2001 $1,652,462,023 $126,878,750,296
2000 $1,678,219,508 $109,591,707,802
1999 $1,936,459,986 $113,848,450,088
1998 $1,653,146,717 $110,276,913,363
1997 $2,090,221,137 $113,919,163,421
1996 $2,128,696,644 $120,403,931,885
1995 $1,970,301,486 $96,419,225,744
1994 $1,825,732,093 $71,841,461,173
1993 $1,636,101,247 $63,743,623,232
1992 $1,532,411,039 $119,768,691,217
1991 $1,383,883,250 $131,637,664,958
1990 $1,337,017,559 $124,813,263,926
1989 $1,182,660,266 $120,496,362,916
1988 $1,110,009,523 $123,057,861,334
1987 $1,177,947,965 $134,009,995,923
1986 $1,290,267,340 $209,094,561,833
1985 $1,141,168,944 $180,183,629,600
1984 $1,178,000,678 $162,276,728,620
1983 $1,123,085,190 $156,365,156,618
1982 $1,194,059,943 $125,948,756,439
1981 $1,235,626,771 $100,499,312,750
1980 $1,202,618,816 $94,362,275,580
1979 $1,019,691,460 $90,391,877,326
1978 $829,267,889 $77,994,316,621
1977 $719,501,766 $80,600,122,702
1976 $694,540,806 $68,055,295,081
1975 $684,282,434 $51,776,222,350
1974 $558,587,097 $46,209,092,072
1973 $425,950,488 $27,081,698,250
1972 $316,656,649 $17,153,463,263
1971 $247,749,328 $13,731,802,833
1970 $219,878,482 $10,976,245,154
1969 $182,182,068 $9,743,089,607
1968 $166,952,937 $8,623,172,960
1967 $162,625,886 $7,555,383,690
1966 $150,603,926 $6,789,938,672
1965 $147,084,750 $6,197,319,929
1964 $140,032,741 $5,379,845,648
1963 $129,454,729 $4,928,628,018
1962 $122,906,435 $4,693,566,416
1961 $116,987,785 $4,426,949,095
1960 $112,328,422 $4,199,134,390

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

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

GDP per capita in Fiji vs Iran by year

Fiji
GDP per capita

GDP per capita, PPP
Iran
GDP per capita

GDP per capita, PPP
1x
Year Current $
Fiji Iran
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,426 $15,450 $5,190 $19,874
2023 $5,926 $14,644 $5,049 $18,917
2022 $5,414 $12,982 $4,721 $17,546
2021 $4,537 $10,322 $4,605 $15,884
2020 $4,621 $10,716 $3,203 $15,119
2019 $5,842 $12,978 $3,997 $13,928
2018 $6,085 $12,984 $4,783 $15,324
2017 $5,827 $12,585 $6,001 $15,719
2016 $5,364 $11,766 $5,711 $15,195
2015 $5,098 $11,519 $4,953 $14,274
2014 $5,293 $10,516 $5,672 $16,065
2013 $4,572 $8,842 $6,223 $16,215
2012 $4,341 $8,204 $8,114 $17,021
2011 $4,140 $7,672 $8,026 $19,275
2010 $3,449 $7,339 $6,291 $18,628
2009 $3,164 $7,068 $5,416 $17,615
2008 $3,900 $7,154 $5,377 $17,549
2007 $3,763 $6,990 $4,688 $17,384
2006 $3,455 $6,921 $3,619 $15,907
2005 $3,378 $6,652 $3,132 $15,016
2004 $3,097 $6,463 $2,672 $14,425
2003 $2,656 $6,033 $2,209 $13,755
2002 $2,137 $5,914 $1,891 $12,554
2001 $1,945 $5,699 $1,881 $11,533
2000 $1,996 $5,521 $1,650 $11,187
1999 $2,328 $5,552 $1,740 $10,489
1998 $2,010 $5,090 $1,709 $10,285
1997 $2,574 $5,031 $1,790 $10,101
1996 $2,648 $5,109 $1,915 $9,916
1995 $2,467 $4,818 $1,550 $9,255
1994 $2,297 $4,627 $1,168 $8,951
1993 $2,070 $4,334 $1,038 $8,933
1992 $1,951 $4,172 $1,957 $8,888
1991 $1,775 $3,873 $2,194 $8,580
1990 $1,729 $3,882 $2,138 $7,566
1989 $1,543 - $2,125 -
1988 $1,463 - $2,234 -
1987 $1,569 - $2,513 -
1986 $1,745 - $4,064 -
1985 $1,577 - $3,634 -
1984 $1,667 - $3,395 -
1983 $1,628 - $3,397 -
1982 $1,773 - $2,845 -
1981 $1,879 - $2,393 -
1980 $1,873 - $2,368 -
1979 $1,627 - $2,352 -
1978 $1,355 - $2,101 -
1977 $1,204 - $2,243 -
1976 $1,186 - $1,954 -
1975 $1,188 - $1,532 -
1974 $984 - $1,409 -
1973 $762 - $851 -
1972 $575 - $555 -
1971 $458 - $457 -
1970 $414 - $377 -
1969 $350 - $345 -
1968 $327 - $314 -
1967 $326 - $283.7 -
1966 $310 - $262.9 -
1965 $311 - $247.5 -
1964 $306 - $221.7 -
1963 $291.4 - $209.6 -
1962 $285.5 - $205.8 -
1961 $280.3 - $200.1 -
1960 $277.4 - $195.6 -

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

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

Fiji's GDP per capita is $6,426, ranking 108/197, compared to $5,190 in Iran, ranking 119/197. Adjusted for purchasing power (GDP per capita PPP), Fiji ranks 113th at $15,450, while Iran ranks 97th at $19,874.

Economic indicators

Fiji Iran
Gross domestic product
$5.97B
2024
$475B
2024
GDP rank
161/197
2024
34/197
2024
GDP growth
3.53%
2023-2024
3.66%
2023-2024
GDP per capita
$6,426
2024
$5,190
2024
GDP per capita rank
108/197
2024
119/197
2024
GDP per capita, PPP
$15,450
2024
$19,874
2024
GDP per capita PPP rank
113/197
2024
97/197
2024
Government debt
$4.54B
2024
$162B
2024
Debt-to-GDP ratio
76.2%
2024
34%
2024
Government debt per person
$4,893
2024
$1,764
2024
Government debt per person rank
80/185
2024
122/185
2024
Average annual personal income after taxes
$6,964
2026
$2,964
2026
Market capitalization of domestic companies n/a
$172B
2024
Income share by richest 10%
24.2%
2019
28.2%
2023
Income share by poorest 10%
3.5%
2019
2.8%
2023
Government expenditure, % of GDP
29.7%
2024
14.2%
2024
Consumer prices inflation
4.51%
2023-2024
32.5%
2023-2024
Central bank interest rate
0.25%
2020
23%
2023
Unemployment rate
5.36%
2024
7.63%
2024
Population
938628
93468444

Spending and national debt comparison by year

Fiji
Spending

Debt
Iran
Spending

Debt
1x
Year % of GDP
Fiji Iran
Government spending Government debt Government spending Government debt
2024 29.7% 76.2% 14.2% 34%
2023 28.8% 79.1% 12.8% 29.6%
2022 30.9% 83.3% 12.8% 34.5%
2021 36.7% 89% 13.4% 39.9%
2020 36.2% 72.9% 12.1% 47.1%
2019 30.8% 49.7% 13.6% 44.6%
2018 31.8% 44.8% 14.8% 41.6%
2017 27.3% 42.2% 16.4% 43.2%
2016 31.4% 43.6% 16.3% 45.9%
2015 29.8% 43% 14.1% 32.1%
2014 29.1% 44.5% 12.3% 10.9%
2013 25.1% 45.8% 11.5% 10.2%
2012 25.5% 47.7% 11.4% 11.7%
2011 25.3% 48.6% 14.6% 10.6%
2010 24.8% 51.8% 14.1% 12.8%
2009 26.2% 51.5% 15.7% 11.5%
2008 22.6% 47.5% 16.8% 10.6%
2007 23.3% 46% 14.2% 13.5%
2006 24.8% 49.2% 18.7% 15.2%
2005 23.3% 44% 17.9% 18.3%
2004 24% 44.5% 15.1% 21.1%
2003 25.8% 44.9% 15.7% 21.9%
2002 27.4% 43.4% 15.6% 23.4%
2001 26.4% 41% 13.6% 21%
2000 24.8% 36.9% 13.3% 18.2%
1999 23.2% 32.7% 15.7% 22.2%
1998 26.8% 36.6% 16.9% 29.6%
1997 29.1% 54.1% 17.4% 30.9%
1996 26.4% 48.8% 17.3% 29.3%
1995 23.2% 48.4% 21% 31.2%
1994 24.3% 47.6% 23% 41.7%
1993 25.7% 44.3% 27.2% 25.6%
1992 25.8% 42.2% 14.4% 25.2%
1991 - - 14% 29.3%
1990 - - 16.4% 37%
1989 - - 20% 48.8%
1988 - - 23.6% 53.2%
1987 - - 18.6% 48.6%
1986 - - 19% 47.4%
1985 - - 21.6% 8.73%
1984 - - 23.7% 10%
1983 - - 27.5% 35.7%
1982 - - 29.7% 47.7%
1981 - - 33.7% 47.6%
1980 - - 35.8% 35.5%
1979 - - - -
1978 - - - -
1977 - - - 9.23%
1976 - - - 6.92%
1975 - - - 8.81%
1974 - - - 6.68%
1973 - - - 12.8%
1972 - - - 12.7%
1971 - - - 14.2%
1970 - - - 14.1%
1969 - - - -
1968 - - 23.6% -
1967 - - 22.3% -
1966 - - 20.5% -
1965 - - 16.3% 14.9%
1964 - - 15.4% 15.2%
1963 - - 14.8% 12.4%
1962 - - 15.6% 13.4%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1995, retrieved 2026-02-20).

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

In 2024, Fiji's government spending was $1.77B, accounting for 29.7% of its GDP, while Iran spent $67.5B, or 14.2% of GDP.

Debt-to-GDP ratio is 76.2% in Fiji and 34% in Iran, ranking 47/185 and 147/185, respectively.

Government deficit by year

Deficit/surplus
Fiji

Iran
1x
Year Deficit/surplus, % of GDP
Fiji Iran
2024 -3.36% -3.83%
2023 -6.82% -2.54%
2022 -11.2% -2.64%
2021 -14.6% -3.01%
2020 -9.24% -4.87%
2019 -3.67% -4.3%
2018 -4.72% -1.59%
2017 -2.22% -1.55%
2016 -5.58% -1.7%
2015 -3.8% -1.3%
2014 -3.36% -0.91%
2013 -0.08% -0.72%
2012 -0.67% -0.5%
2011 -0.69% -0.66%
2010 -1.26% -0.84%
2009 -2.76% -3.3%
2008 1.54% -4.39%
2007 0.35% -2.41%
2006 -0.74% -4.91%
2005 -1.14% -2.44%
2004 -0.95% -2.45%
2003 -3.34% -2.76%
2002 -3.58% -2.88%
2001 -4.4% 0.02%
2000 -1.37% 5.42%
1999 1.1% -0.51%
1998 5.21% -5.03%
1997 -4.48% -1.81%
1996 -3.35% -0.75%
1995 0.77% -2.63%
1994 -0.19% -3.36%
1993 -1.83% -5.15%
1992 -2.14% -0.86%
1991 - -1.64%
1990 - -1.73%
1989 - -4.45%
1988 - -10.3%
1987 - -6.84%
1986 - -7.84%
1985 - -3.74%
1984 - -4.02%
1983 - -6.15%
1982 - -5.55%
1981 - -10.7%
1980 - -14.2%
1979 - -
1978 - -
1977 - -
1976 - -
1975 - -
1974 - -
1973 - -
1972 - -
1971 - -
1970 - -
1969 - -
1968 - -4.57%
1967 - -4%
1966 - -2.63%
1965 - -1.23%
1964 - -0.04%
1963 - 0.26%
1962 - -1.39%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1989, retrieved 2026-02-20).

GeoRank.org/economy/fiji/iran | 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 Iran's deficit of $18.2B, or 3.83% of GDP.

Over the past 33 years, Fiji recorded a fiscal deficit in 28 of those years, while Iran ran a deficit in 31 years. On average, Fiji posted an annual deficit equal to 2.81% of GDP, compared to deficit of 2.16% of GDP for Iran.

Inflation comparison by year

Inflation
Fiji

Iran
1x
Year Consumer prices inflation
Fiji Iran
2024 4.51% 32.5%
2023 2.34% 44.6%
2022 4.32% 43.5%
2021 0.16% 43.4%
2020 -2.6% 30.6%
2019 1.77% 39.9%
2018 4.08% 18%
2017 3.35% 8.04%
2016 3.86% 7.25%
2015 1.37% 12.5%
2014 0.52% 16.6%
2013 2.91% 36.6%
2012 3.42% 27.3%
2011 7.28% 26.3%
2010 3.69% 10.1%
2009 3.13% 13.6%
2008 7.73% 25.4%
2007 4.8% 17.3%
2006 2.49% 10%
2005 2.37% 13.4%
2004 2.83% 14.8%
2003 4.17% 16.5%
2002 0.76% 14.3%
2001 4.27% 11.3%
2000 1.09% 14.5%
1999 1.97% 20.1%
1998 5.71% 17.9%
1997 3.37% 17.3%

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

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

Over the past 28 years, Fiji has recorded an average annual inflation rate of 3.06%, compared with 21.6% in Iran. In 2024, inflation was 4.51% in Fiji and 32.5% in Iran.

Top exports between countries

Fiji
Export category Export value
Iran
Export category Export value
Raw agricultural goods $66K

Balance of trade

Fiji Iran
Current account balance
-$866M
2022
$12.5B
2000
Current account balance ranking
120/190
2022
22/190
2000
Current account balance, % of GDP
-17.4%
2022
+11.4%
2000
Goods imports
$2.68B
2022
$15.2B
2000
Goods exports
$1.05B
2022
$28.3B
2000
Service imports
$754M
2022
$2.3B
2000
Service exports
$1.33B
2022
$1.38B
2000
Imports of goods and services, % of GDP
69.2%
2023
28.5%
2024
Exports of goods and services, % of GDP
57%
2023
23.6%
2024

Economic freedom indices

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

Fiji Iran
Economic freedom 59.5 41.8
Economic freedom ranking 103/197 185/197
Property rights 59.9 20.2
Government integrity 55.4 16.2
Judicial effectiveness 53.2 18.7
Tax burden 87.8 81.3
Government spending 70 94.7
Fiscal health 7.5 83.3
Business freedom 69.5 37.4
Labor freedom 66.9 41.8
Monetary freedom 72.4 42.2
Trade freedom 66.6 55.8
Investment freedom 55 5
Financial freedom 50 5

Economic freedom comparison by year

Fiji
Iran
1x
Year Economic freedom index
Fiji Iran
2026 59.5 41.8
2025 59.1 42.5
2024 58 41.2
2023 58 42.2
2022 56.4 42.4
2021 62.2 47.2
2020 63.4 49.2
2019 62.2 51.1
2018 62 50.9
2017 63.4 50.5
2016 58.8 43.5
2015 59 41.8
2014 58.7 40.3
2013 57.2 43.2
2012 57.3 42.3
2011 60.4 42.1
2010 60.3 43.4
2009 61 44.6
2008 61.8 45
2007 60.8 45
2006 58.4 45
2005 58.2 50.5
2004 58 42.8
2003 54.7 43.2
2002 53.9 36.4
2001 53.7 35.9
2000 57.8 36.1
1999 58.4 36.8
1998 58.2 36
1997 58 34.5
1996 57.4 36.1
1995 54.7 -

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

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

The Economic Freedom Index for Fiji is 59.5, ranking 103/197, compared to 41.8 for Iran, ranking 185/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Fiji Iran
Services, % of GDP
54.6%
2024
49.8%
2024
Industry, % of GDP
16.5%
2024
36.1%
2024
Agriculture, forestry, and fishing, % of GDP
13.2%
2024
10.8%
2024
GNI, Atlas method
$5.4B
2024
$469B
2024
GNI per capita, PPP
$14,490
2024
$19,820
2024
Total reserves including gold
$1.6B
2024
$7.69B
1982
Total reserves ranking
133/177
2024
85/177
1982
Net foreign direct investment
-$86.9M
2022
-$39M
2000
Net inflows of foreign direct investment
$204M
2024
$1.45B
2024
Net outflows of foreign direct investment
$25.6M
2024
$89.4M
2024
Servicing debt to the IMF, % of GNI
4.36%
2024
0.08%
2024
Poverty at national poverty lines
31%
2020
18.7%
2020
Gross capital formation, % of GDP
19.7%
2023
44.3%
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/iran | CC BY

Compare countries by 7 more topics

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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 (1962–1995, retrieved 2026-02-20)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. TradeMap (2022, retrieved 2026-02-08)

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.