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Economy of Fiji vs Iraq compared: GDP & Debt

Updated on by Georank

Fiji has a GDP of $6.2B compared to $254B for Iraq, ranking 161/197 and 54/197 by economy size, respectively.

Fiji has $4.88B in government debt (78.7% of GDP), compared to $137B (53.9% of GDP) in Iraq.

Fiji vs Iraq GDP by year

Fiji
Iraq
1x
Year GDP, current $
Fiji Iraq
2025 $6,198,013,062 $254,367,293,538
2024 $5,968,125,909 $279,641,257,615
2023 $5,476,673,518 $268,881,051,644
2022 $4,977,861,886 $287,372,232,138
2021 $4,158,873,156 $209,691,945,713
2020 $4,227,719,873 $180,898,797,517
2019 $5,344,907,153 $233,636,097,800
2018 $5,581,425,327 $227,367,469,034
2017 $5,353,469,174 $187,217,660,051
2016 $4,930,213,644 $166,743,557,748
2015 $4,682,479,894 $166,774,104,959
2014 $4,857,104,769 $228,415,656,175
2013 $4,189,967,999 $234,637,675,129
2012 $3,972,028,104 $218,002,476,129
2011 $3,779,411,899 $185,749,664,444
2010 $3,140,166,713 $138,516,722,650
2009 $2,870,624,636 $111,657,580,326
2008 $3,523,185,920 $131,614,434,154
2007 $3,378,314,600 $88,837,057,320
2006 $3,076,305,453 $65,147,051,918
2005 $2,980,403,845 $50,065,104,668
2004 $2,708,078,477 $36,633,669,269
2003 $2,300,492,465 $21,921,569,479
2002 $1,833,279,985 $32,928,454,672
2001 $1,652,462,023 $36,176,430,129
2000 $1,678,219,508 $48,364,250,944
1999 $1,936,459,986 $36,881,601,584
1998 $1,653,146,717 $20,617,405,044
1997 $2,090,221,137 $20,764,857,056
1996 $2,128,696,644 $10,433,698,621
1995 $1,970,301,486 $12,894,029,888
1994 $1,825,732,093 $3,991,349,283
1993 $1,636,101,247 $1,031,944,881
1992 $1,532,411,039 $553,671,958
1991 $1,383,883,250 $407,796,350
1990 $1,337,017,559 $180,408,064,516
1989 $1,182,660,266 $65,831,935,484
1988 $1,110,009,523 $62,684,516,129
1987 $1,177,947,965 $56,774,193,548
1986 $1,290,267,340 $47,264,516,129
1985 $1,141,168,944 $48,425,161,290
1984 $1,178,000,678 $46,938,387,097
1983 $1,123,085,190 $40,712,903,226
1982 $1,194,059,943 $42,382,333,333
1981 $1,235,626,771 $37,823,000,000
1980 $1,202,618,816 $52,569,000,000
1979 $1,019,691,460 $37,816,457,839
1978 $829,267,889 $23,762,275,652
1977 $719,501,766 $19,838,130,715
1976 $694,540,806 $17,754,825,601
1975 $684,282,434 $13,458,516,763
1974 $558,587,097 $11,516,762,614
1973 $425,950,488 $5,134,367,778
1972 $316,656,649 $4,113,848,002
1971 $247,749,328 $3,865,346,535
1970 $219,878,482 $3,281,318,687
1969 $182,182,068 $3,007,758,797
1968 $166,952,937 $2,896,598,841
1967 $162,625,886 $2,551,522,656
1966 $150,603,926 $2,530,306,096
1965 $147,084,750 $2,335,785,506
1964 $140,032,741 $2,136,408,198
1963 $129,454,729 $1,805,901,510
1962 $122,906,435 $1,784,174,541
1961 $116,987,785 $1,671,960,965
1960 $112,328,422 $1,537,252,193

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Fiji vs Iraq by year

Fiji
GDP per capita

GDP per capita, PPP
Iraq
GDP per capita

GDP per capita, PPP
1x
Year Current $
Fiji Iraq
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $6,642 - $5,410 -
2024 $6,426 $15,450 $6,074 $14,464
2023 $5,926 $14,644 $5,965 $14,653
2022 $5,414 $12,982 $6,521 $14,391
2021 $4,537 $10,322 $4,868 $12,732
2020 $4,621 $10,716 $4,295 $10,574
2019 $5,842 $12,978 $5,672 $12,249
2018 $6,085 $12,984 $5,647 $12,034
2017 $5,827 $12,585 $4,759 $10,192
2016 $5,364 $11,766 $4,334 $9,079
2015 $5,098 $11,519 $4,440 $9,334
2014 $5,293 $10,516 $6,249 $13,168
2013 $4,572 $8,842 $6,650 $14,669
2012 $4,341 $8,204 $6,478 $14,402
2011 $4,140 $7,672 $5,776 $12,912
2010 $3,449 $7,339 $4,462 $12,186
2009 $3,164 $7,068 $3,715 $11,687
2008 $3,900 $7,154 $4,543 $11,657
2007 $3,763 $6,990 $3,129 $10,783
2006 $3,455 $6,921 $2,277 $10,223
2005 $3,378 $6,652 $1,762 $9,457
2004 $3,097 $6,463 $1,328 $9,290
2003 $2,656 $6,033 $818 $6,068
2002 $2,137 $5,914 $1,266 $9,682
2001 $1,945 $5,699 $1,436 $10,720
2000 $1,996 $5,521 $1,980 $10,628
1999 $2,328 $5,552 $1,560 $9,194
1998 $2,010 $5,090 $901 $7,964
1997 $2,574 $5,031 $936 $6,020
1996 $2,648 $5,109 $485 $5,034
1995 $2,467 $4,818 $619 $4,598
1994 $2,297 $4,627 $198.2 $4,560
1993 $2,070 $4,334 $53.7 $4,509
1992 $1,951 $4,172 $30.3 $3,547
1991 $1,775 $3,873 $23 $2,694
1990 $1,729 $3,882 $10,261 -
1989 $1,543 - $3,791 -
1988 $1,463 - $3,707 -
1987 $1,569 - $3,436 -
1986 $1,745 - $2,940 -
1985 $1,577 - $3,088 -
1984 $1,667 - $3,066 -
1983 $1,628 - $2,743 -
1982 $1,773 - $2,942 -
1981 $1,879 - $2,700 -
1980 $1,873 - $3,868 -
1979 $1,627 - $2,871 -
1978 $1,355 - $1,863 -
1977 $1,204 - $1,609 -
1976 $1,186 - $1,489 -
1975 $1,188 - $1,166 -
1974 $984 - $1,031 -
1973 $762 - $476 -
1972 $575 - $394 -
1971 $458 - $384 -
1970 $414 - $337 -
1969 $350 - $320 -
1968 $327 - $319 -
1967 $326 - $290.6 -
1966 $310 - $298.2 -
1965 $311 - $284.8 -
1964 $306 - $269.4 -
1963 $291.4 - $235.5 -
1962 $285.5 - $240.7 -
1961 $280.3 - $232.4 -
1960 $277.4 - $218.9 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Fiji's GDP per capita is $6,642, ranking 106/197, compared to $5,410 in Iraq, ranking 119/197. Adjusted for purchasing power (GDP per capita PPP), Fiji ranks 113th at $15,450, while Iraq ranks 115th at $14,464.

Economic indicators

Fiji Iraq
Gross domestic product
$6.2B
2025
$254B
2025
GDP rank
161/197
2025
54/197
2025
GDP growth
3.2%
2024-2025
-2.16%
2024-2025
GDP per capita
$6,642
2025
$5,410
2025
GDP per capita rank
106/197
2025
119/197
2025
GDP per capita, PPP
$15,450
2024
$14,464
2024
GDP per capita PPP rank
113/197
2024
115/197
2024
Government debt
$4.88B
2025
$137B
2025
Debt-to-GDP ratio
78.7%
2025
53.9%
2025
Government debt per person
$5,227
2025
$2,917
2025
Government debt per person rank
82/185
2025
108/185
2025
Average annual personal income after taxes
$4,553
2026
$6,782
2026
Income share by richest 10%
24.2%
2019
24.2%
2023
Income share by poorest 10%
3.5%
2019
3.7%
2023
Government expenditure, % of GDP
31.5%
2025
42.7%
2025
Consumer prices inflation
-1.38%
2024-2025
0.3%
2024-2025
Central bank interest rate
0.25%
2020
n/a
Unemployment rate
5.36%
2024
16.2%
2021
Population
939479
48531417

Spending and national debt comparison by year

Fiji
Spending

Debt
Iraq
Spending

Debt
1x
Year % of GDP
Fiji Iraq
Government spending Government debt Government spending Government debt
2025 31.5% 78.7% 42.7% 53.9%
2024 30.8% 79.1% 41.7% 45.2%
2023 30.2% 82.9% 41.2% 42.1%
2022 33.9% 91.5% 33.9% 39%
2021 35.8% 86.7% 36.3% 54.7%
2020 32.7% 65.8% 41.9% 72.5%
2019 30.7% 49.5% 34.7% 41.7%
2018 32.5% 45.8% 31.1% 44.4%
2017 28.1% 43.4% 35.5% 55.9%
2016 32.1% 44.6% 42.4% 60.3%
2015 30.6% 44.3% 43.5% 48.3%
2014 30.2% 46.2% 43.8% 27.6%
2013 25.9% 47.4% 48.2% 32%
2012 26% 48.6% 42.9% 34.8%
2011 26.5% 51% 43.4% 40.7%
2010 25.5% 53.4% 49.6% 53.5%
2009 26.2% 51.5% 61.1% 87.4%
2008 22.8% 47.9% 57.3% 74.2%
2007 23.5% 46.4% 44% 117.1%
2006 25.4% 50.3% 50.3% 143.2%
2005 24% 45.3% 63.2% 227.3%
2004 24.7% 45.9% 91.5% 344%
2003 26.7% 46.4% - -
2002 28.1% 44.5% - -
2001 27% 41.9% - -
2000 24.2% 35.9% - -
1999 24.6% 34.7% - -
1998 27.7% 37.9% - -
1997 29.2% 54.4% - -
1996 27.2% 50.3% - -
1995 23.5% 49.1% - -
1994 24.9% 48.8% - -
1993 26.7% 45.9% - -
1992 27.1% 44.3% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2025, retrieved 2026-07-08).

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

In 2025, Fiji's government spending was $1.95B, accounting for 31.5% of its GDP, while Iraq spent $109B, or 42.7% of GDP.

Debt-to-GDP ratio is 78.7% in Fiji and 53.9% in Iraq, ranking 45/185 and 95/185, respectively.

Government deficit by year

Deficit/surplus
Fiji

Iraq
1x
Year Deficit/surplus, % of GDP
Fiji Iraq
2025 -2.46% -6.41%
2024 -3.44% -3.45%
2023 -7.15% -1.14%
2022 -12.3% 8.1%
2021 -14.2% -0.38%
2020 -8.34% -12.8%
2019 -3.65% 0.83%
2018 -4.82% 7.69%
2017 -2.28% -1.52%
2016 -5.7% -14.4%
2015 -3.91% -12.8%
2014 -3.48% -5.63%
2013 -0.08% -6.06%
2012 -0.68% 4.09%
2011 -0.72% 4.74%
2010 -1.29% -4.18%
2009 -2.76% -14.9%
2008 1.56% -0.86%
2007 0.36% 9.98%
2006 -0.76% 10.7%
2005 -1.18% 4.07%
2004 -0.98% -35.4%
2003 -3.46% -
2002 -3.68% -
2001 -4.5% -
2000 -1.33% -
1999 1.17% -
1998 5.4% -
1997 -4.5% -
1996 -3.46% -
1995 0.78% -
1994 -0.2% -
1993 -1.9% -
1992 -2.25% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2025, retrieved 2026-07-08).

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

In 2025, Fiji's government deficit, the difference between spending and revenue, was $153M, equivalent to 2.46% of GDP. This compares to Iraq's deficit of $16.3B, or 6.41% of GDP.

Over the past 22 years, Fiji recorded a fiscal deficit in 20 of those years, while Iraq ran a deficit in 14 years. On average, Fiji posted an annual deficit equal to 3.56% of GDP, compared to deficit of 3.17% of GDP for Iraq.

Inflation comparison by year

Inflation
Fiji

Iraq
1x
Year Consumer prices inflation
Fiji Iraq
2025 -1.38% 0.3%
2024 3.89% 2.61%
2023 2.98% 4.36%
2022 6.08% 4.99%
2021 1.53% 6.04%
2020 -1.7% 0.57%
2019 1.79% -0.2%
2018 4.08% 0.37%
2017 3.35% 0.18%
2016 3.86% 0.56%
2015 1.37% 1.39%
2014 0.52% 2.24%
2013 2.91% 1.88%
2012 3.42% 6.09%
2011 7.28% 5.6%
2010 3.69% 2.43%
2009 3.13% 6.87%
2008 7.73% 12.7%
2007 4.8% -10.1%
2006 2.49% 53.2%
2005 2.37% 37%
2004 2.83% 27%
2003 4.17% 33.6%
2002 0.76% 19.3%
2001 4.27% 16.4%
2000 1.09% 4.98%
1999 1.97% 12.6%
1998 5.71% 14.8%
1997 3.37% 23.1%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Fiji has recorded an average annual inflation rate of 3.05%, compared with 10% in Iraq. In 2025, inflation was -1.38% in Fiji and 0.3% in Iraq.

Top exports between countries

Fiji
Export category Export value
Miscellaneous $1K
Iraq
Export category Export value

Balance of trade

Fiji Iraq
Current account balance
-$464M
2024
$8.37B
2024
Current account balance ranking
104/190
2024
27/190
2024
Current account balance, % of GDP
-7.78%
2024
+2.99%
2024
Goods imports
$2.86B
2024
$74.3B
2024
Goods exports
$1.13B
2024
$101B
2024
Service imports
$996M
2024
$30.2B
2024
Service exports
$2.12B
2024
$10.2B
2024
Imports of goods and services, % of GDP
64.6%
2024
37.4%
2024
Exports of goods and services, % of GDP
54.4%
2024
39.8%
2024

Economic freedom indices

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

Fiji Iraq
Economic freedom 59.5 15.6
Economic freedom ranking 103/197 196/197
Property rights 59.9 8.3
Government integrity 55.4 20.2
Judicial effectiveness 53.2 5.8
Tax burden 87.8 85.5
Government spending 70 65.3
Fiscal health 7.5 95.7
Business freedom 69.5 42.8
Labor freedom 66.9 60.6
Monetary freedom 72.4 68.6
Trade freedom 66.6 40
Investment freedom 55 10
Financial freedom 50 10

Economic freedom comparison by year

Fiji
Iraq
1x
Year Economic freedom index
Fiji Iraq
2026 59.5 -
2025 59.1 -
2024 58 -
2023 58 -
2022 56.4 -
2021 62.2 -
2020 63.4 -
2019 62.2 -
2018 62 -
2017 63.4 -
2016 58.8 -
2015 59 -
2014 58.7 -
2013 57.2 -
2012 57.3 -
2011 60.4 -
2010 60.3 -
2009 61 -
2008 61.8 -
2007 60.8 -
2006 58.4 -
2005 58.2 -
2004 58 -
2003 54.7 -
2002 53.9 15.6
2001 53.7 17.2
2000 57.8 17.2
1999 58.4 17.2
1998 58.2 17.2
1997 58 17.2
1996 57.4 17.2
1995 54.7 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Fiji is 59.5, ranking 103/197, compared to 15.6 for Iraq, ranking 196/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Fiji Iraq
Services, % of GDP
57%
2025
52.3%
2025
Industry, % of GDP
13.9%
2025
45.4%
2025
Agriculture, forestry, and fishing, % of GDP
14%
2025
3.41%
2025
GNI, Atlas method
$5.81B
2025
$267B
2025
GNI per capita, PPP
$15,360
2025
$14,290
2025
Total reserves including gold
$1.66B
2025
$101B
2024
Total reserves ranking
130/177
2025
30/177
2024
Net foreign direct investment
-$178M
2024
$8.09B
2024
Net inflows of foreign direct investment
$204M
2024
-$7.65B
2024
Net outflows of foreign direct investment
$25.6M
2024
$439M
2024
Servicing debt to the IMF, % of GNI
4.36%
2024
1.22%
2024
Poverty at national poverty lines
31%
2020
17.5%
2023
Gross capital formation, % of GDP
20.9%
2024
19.1%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1992–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  6. LivingCost (2026, retrieved 2026-07-08)
  7. Central Intelligence Agency (CIA) (2020, retrieved 2026-07-08)
  8. TradeMap (2023, retrieved 2026-07-08)

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.