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Economy of Fiji vs Kuwait compared: GDP & Debt

Updated on by Georank team

Fiji has a GDP of $5.97B compared to $160B for Kuwait, ranking 161/197 and 59/197 by economy size, respectively.

Fiji has $4.54B in government debt (76.2% of GDP), compared to $4.68B (2.92% of GDP) in Kuwait.

Fiji vs Kuwait GDP by year

Fiji
Kuwait
1x
Year GDP, current $
Fiji Kuwait
2024 $5,968,125,909 $160,227,273,053
2023 $5,476,673,518 $165,384,407,116
2022 $4,977,861,886 $183,502,046,694
2021 $4,158,873,156 $148,350,671,489
2020 $4,227,719,873 $111,045,470,606
2019 $5,344,907,153 $140,856,394,861
2018 $5,581,425,327 $138,646,316,351
2017 $5,353,469,174 $120,687,539,806
2016 $4,930,213,644 $109,406,674,125
2015 $4,682,479,894 $114,585,555,689
2014 $4,857,104,769 $162,650,450,685
2013 $4,189,967,999 $174,168,116,535
2012 $3,972,028,104 $174,047,662,680
2011 $3,779,411,899 $154,039,231,246
2010 $3,140,166,713 $115,416,245,242
2009 $2,870,624,636 $105,968,691,905
2008 $3,523,185,920 $147,379,737,230
2007 $3,378,314,600 $114,634,043,362
2006 $3,076,305,453 $101,557,330,723
2005 $2,980,403,845 $80,798,630,137
2004 $2,708,078,477 $59,439,090,601
2003 $2,300,492,465 $47,874,582,232
2002 $1,833,279,985 $38,135,788,414
2001 $1,652,462,023 $34,889,559,870
2000 $1,678,219,508 $37,718,743,480
1999 $1,936,459,986 $30,122,365,849
1998 $1,653,146,717 $25,943,705,784
1997 $2,090,221,137 $30,350,190,704
1996 $2,128,696,644 $31,492,373,309
1995 $1,970,301,486 $27,186,980,647
1994 $1,825,732,093 $24,848,483,838
1993 $1,636,101,247 $23,941,391,391
1992 $1,532,411,039 $19,858,555,215
1991 $1,383,883,250 $11,009,993,703
1990 $1,337,017,559 $18,427,777,778
1989 $1,182,660,266 $24,313,855,653
1988 $1,110,009,523 $20,690,322,153
1987 $1,177,947,965 $22,368,704,134
1986 $1,290,267,340 $17,903,989,745
1985 $1,141,168,944 $21,445,970,614
1984 $1,178,000,678 $21,700,082,753
1983 $1,123,085,190 $20,871,081,080
1982 $1,194,059,943 $21,577,153,356
1981 $1,235,626,771 $25,058,020,338
1980 $1,202,618,816 $28,638,868,356
1979 $1,019,691,460 $24,749,063,922
1978 $829,267,889 $15,503,557,496
1977 $719,501,766 $14,137,406,741
1976 $694,540,806 $13,132,252,802
1975 $684,282,434 $12,022,811,621
1974 $558,587,097 $13,006,948,296
1973 $425,950,488 $5,408,804,607
1972 $316,656,649 $4,450,537,925
1971 $247,749,328 $3,880,392,195
1970 $219,878,482 $2,873,638,851
1969 $182,182,068 $2,769,198,892
1968 $166,952,937 $2,662,798,935
1967 $162,625,886 $2,441,599,023
1966 $150,603,926 $2,391,199,044
1965 $147,084,750 $2,097,199,161
1964 $140,032,741 $2,071,668,533
1963 $129,454,729 $1,900,895,857
1962 $122,906,435 $1,828,107,503
1961 $116,987,785 -
1960 $112,328,422 -

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

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

GDP per capita in Fiji vs Kuwait by year

Fiji
GDP per capita

GDP per capita, PPP
Kuwait
GDP per capita

GDP per capita, PPP
1x
Year Current $
Fiji Kuwait
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,426 $15,450 $32,718 $52,444
2023 $5,926 $14,644 $34,076 $53,025
2022 $5,414 $12,982 $39,982 $55,043
2021 $4,537 $10,322 $34,019 $50,652
2020 $4,621 $10,716 $25,236 $41,462
2019 $5,842 $12,978 $31,708 $50,703
2018 $6,085 $12,984 $32,068 $51,371
2017 $5,827 $12,585 $29,048 $46,566
2016 $5,364 $11,766 $27,324 $41,862
2015 $5,098 $11,519 $29,882 $45,267
2014 $5,293 $10,516 $44,369 $68,337
2013 $4,572 $8,842 $49,651 $76,813
2012 $4,341 $8,204 $52,155 $82,090
2011 $4,140 $7,672 $49,170 $79,037
2010 $3,449 $7,339 $39,212 $75,184
2009 $3,164 $7,068 $37,907 $80,110
2008 $3,900 $7,154 $55,585 $90,337
2007 $3,763 $6,990 $45,709 $91,435
2006 $3,455 $6,921 $42,947 $89,075
2005 $3,378 $6,652 $36,123 $84,968
2004 $3,097 $6,463 $27,552 $77,227
2003 $2,656 $6,033 $22,691 $69,752
2002 $2,137 $5,914 $18,513 $59,713
2001 $1,945 $5,699 $17,374 $58,553
2000 $1,996 $5,521 $19,296 $58,703
1999 $2,328 $5,552 $15,854 $56,406
1998 $2,010 $5,090 $14,067 $58,344
1997 $2,574 $5,031 $16,977 $57,420
1996 $2,648 $5,109 $18,201 $56,913
1995 $2,467 $4,818 $16,168 $57,163
1994 $2,297 $4,627 $14,930 $53,946
1993 $2,070 $4,334 $14,318 $48,482
1992 $1,951 $4,172 $12,146 $36,149
1991 $1,775 $3,873 $8,147 $23,390
1990 $1,729 $3,882 $10,938 $30,763
1989 $1,543 - $10,965 -
1988 $1,463 - $9,692 -
1987 $1,569 - $10,896 -
1986 $1,745 - $9,077 -
1985 $1,577 - $11,322 -
1984 $1,667 - $11,919 -
1983 $1,628 - $11,965 -
1982 $1,773 - $12,979 -
1981 $1,879 - $15,825 -
1980 $1,873 - $19,032 -
1979 $1,627 - $17,386 -
1978 $1,355 - $11,567 -
1977 $1,204 - $11,238 -
1976 $1,186 - $11,141 -
1975 $1,188 - $10,882 -
1974 $984 - $12,527 -
1973 $762 - $5,532 -
1972 $575 - $4,836 -
1971 $458 - $4,486 -
1970 $414 - $3,552 -
1969 $350 - $3,695 -
1968 $327 - $3,872 -
1967 $326 - $3,887 -
1966 $310 - $4,176 -
1965 $311 - $4,024 -
1964 $306 - $4,379 -
1963 $291.4 - $4,445 -
1962 $285.5 - $4,748 -
1961 $280.3 - - -
1960 $277.4 - - -

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

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

Fiji's GDP per capita is $6,426, ranking 108/197, compared to $32,718 in Kuwait, ranking 37/197. Adjusted for purchasing power (GDP per capita PPP), Fiji ranks 113th at $15,450, while Kuwait ranks 40th at $52,444.

Economic indicators

Fiji Kuwait
Gross domestic product
$5.97B
2024
$160B
2024
GDP rank
161/197
2024
59/197
2024
GDP growth
3.53%
2023-2024
-2.56%
2023-2024
GDP per capita
$6,426
2024
$32,718
2024
GDP per capita rank
108/197
2024
37/197
2024
GDP per capita, PPP
$15,450
2024
$52,444
2024
GDP per capita PPP rank
113/197
2024
40/197
2024
Government debt
$4.54B
2024
$4.68B
2024
Debt-to-GDP ratio
76.2%
2024
2.92%
2024
Government debt per person
$4,893
2024
$956
2024
Government debt per person rank
80/185
2024
143/185
2024
Average annual personal income after taxes
$6,964
2026
$23,828
2026
Market capitalization of domestic companies n/a
$141B
2024
Income share by richest 10%
24.2%
2019
n/a
Income share by poorest 10%
3.5%
2019
n/a
Government expenditure, % of GDP
29.7%
2024
50.4%
2024
Consumer prices inflation
4.51%
2023-2024
2.9%
2023-2024
Central bank interest rate
0.25%
2020
3.5%
2025
Unemployment rate
5.36%
2024
2.16%
2016
Population
938628
5100145

Spending and national debt comparison by year

Fiji
Spending

Debt
Kuwait
Spending

Debt
1x
Year % of GDP
Fiji Kuwait
Government spending Government debt Government spending Government debt
2024 29.7% 76.2% 50.4% 2.92%
2023 28.8% 79.1% 48.3% 3.13%
2022 30.9% 83.3% 39.6% 2.95%
2021 36.7% 89% 48.3% 7.2%
2020 36.2% 72.9% 62.9% 10.2%
2019 30.8% 49.7% 50.3% 10.5%
2018 31.8% 44.8% 51.1% 14.3%
2017 27.3% 42.2% 51.9% 19.6%
2016 31.4% 43.6% 54.1% 9.88%
2015 29.8% 43% 55.4% 4.6%
2014 29.1% 44.5% 45% 3.43%
2013 25.1% 45.8% 38.4% 3.09%
2012 25.5% 47.7% 38.2% 3.6%
2011 25.3% 48.6% 39.7% 4.64%
2010 24.8% 51.8% 45.5% 6.16%
2009 26.2% 51.5% 42.9% 6.65%
2008 22.6% 47.5% 40.9% 5.38%
2007 23.3% 46% 30.4% 7.05%
2006 24.8% 49.2% 32.3% 7.79%
2005 23.3% 44% 28.8% 10.2%
2004 24% 44.5% 35.3% 13.9%
2003 25.8% 44.9% 38.2% 17.2%
2002 27.4% 43.4% 42.8% 21.3%
2001 26.4% 41% 41.4% 23%
2000 24.8% 36.9% 29.9% 21.4%
1999 23.2% 32.7% 44.5% 25.5%
1998 26.8% 36.6% 51.7% 25.6%
1997 29.1% 54.1% 43.8% 24.3%
1996 26.4% 48.8% 42.8% 26.5%
1995 23.2% 48.4% 52% 34.9%
1994 24.3% 47.6% 57.8% 37.7%
1993 25.7% 44.3% 58.2% 28.8%
1992 25.8% 42.2% 77.6% 27.9%
1991 - - 208.9% 45.3%
1990 - - 122.9% -

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

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

In 2024, Fiji's government spending was $1.77B, accounting for 29.7% of its GDP, while Kuwait spent $80.8B, or 50.4% of GDP.

Debt-to-GDP ratio is 76.2% in Fiji and 2.92% in Kuwait, ranking 47/185 and 184/185, respectively.

Government deficit by year

Deficit/surplus
Fiji

Kuwait
1x
Year Deficit/surplus, % of GDP
Fiji Kuwait
2024 -3.36% 23.8%
2023 -6.82% 28.2%
2022 -11.2% 30%
2021 -14.6% 9.98%
2020 -9.24% 0.14%
2019 -3.67% 13%
2018 -4.72% 17.5%
2017 -2.22% 15.3%
2016 -5.58% 13.1%
2015 -3.8% 16.6%
2014 -3.36% 30%
2013 -0.08% 40.6%
2012 -0.67% 40.7%
2011 -0.69% 38.8%
2010 -1.26% 31.9%
2009 -2.76% 31.3%
2008 1.54% 21.3%
2007 0.35% 37.1%
2006 -0.74% 28%
2005 -1.14% 38.9%
2004 -0.95% 32.5%
2003 -3.34% 27.2%
2002 -3.58% 31%
2001 -4.4% 45.2%
2000 -1.37% 52.5%
1999 1.1% 28.2%
1998 5.21% 19.5%
1997 -4.48% 29.5%
1996 -3.35% 24.3%
1995 0.77% 11.7%
1994 -0.19% 1.76%
1993 -1.83% -3.12%
1992 -2.14% -28.1%
1991 - -145%
1990 - -50%

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

GeoRank.org/economy/fiji/kuwait | 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 Kuwait's surplus of $38.1B, or 23.8% of GDP.

Over the past 33 years, Fiji recorded a fiscal deficit in 28 of those years, while Kuwait ran a deficit in 2 years. On average, Fiji posted an annual deficit equal to 2.81% of GDP, compared to surplus of 23.6% of GDP for Kuwait.

Inflation comparison by year

Inflation
Fiji

Kuwait
1x
Year Consumer prices inflation
Fiji Kuwait
2024 4.51% 2.9%
2023 2.34% 3.64%
2022 4.32% 3.98%
2021 0.16% 3.42%
2020 -2.6% 2.1%
2019 1.77% 1.09%
2018 4.08% 0.54%
2017 3.35% 2.17%
2016 3.86% 3.2%
2015 1.37% 3.27%
2014 0.52% 2.91%
2013 2.91% 2.68%
2012 3.42% 3.26%
2011 7.28% 4.84%
2010 3.69% 4.5%
2009 3.13% 4.61%
2008 7.73% 10.6%
2007 4.8% 5.48%
2006 2.49% 3.06%
2005 2.37% 4.14%
2004 2.83% 1.25%
2003 4.17% 0.96%
2002 0.76% 0.89%
2001 4.27% 1.3%
2000 1.09% 1.81%
1999 1.97% 2.99%
1998 5.71% 0.13%
1997 3.37% 0.68%

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

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

Over the past 28 years, Fiji has recorded an average annual inflation rate of 3.06%, compared with 2.94% in Kuwait. In 2024, inflation was 4.51% in Fiji and 2.9% in Kuwait.

Top exports between countries

Fiji
Export category Export value
Processed food, beverages & tobacco $189K
Miscellaneous $6K
Raw agricultural goods $1K
Textiles & consumer goods $1K
Kuwait
Export category Export value
Chemicals & pharma $35K
Miscellaneous $3K

Balance of trade

Fiji Kuwait
Current account balance
-$866M
2022
$46.7B
2024
Current account balance ranking
120/190
2022
15/190
2024
Current account balance, % of GDP
-17.4%
2022
+29.1%
2024
Goods imports
$2.68B
2022
$33.4B
2024
Goods exports
$1.05B
2022
$77.5B
2024
Service imports
$754M
2022
$28.1B
2024
Service exports
$1.33B
2022
$12.2B
2024
Imports of goods and services, % of GDP
69.2%
2023
38.3%
2023
Exports of goods and services, % of GDP
57%
2023
57.7%
2023

Economic freedom indices

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

Fiji Kuwait
Economic freedom 59.5 59.9
Economic freedom ranking 103/197 100/197
Property rights 59.9 42
Government integrity 55.4 47.9
Judicial effectiveness 53.2 43.4
Tax burden 87.8 97.7
Government spending 70 36.2
Fiscal health 7.5 99.9
Business freedom 69.5 57.4
Labor freedom 66.9 49.2
Monetary freedom 72.4 68.7
Trade freedom 66.6 75.8
Investment freedom 55 50
Financial freedom 50 50

Economic freedom comparison by year

Fiji
Kuwait
1x
Year Economic freedom index
Fiji Kuwait
2026 59.5 59.9
2025 59.1 59.9
2024 58 58.5
2023 58 56.7
2022 56.4 58.3
2021 62.2 64.1
2020 63.4 63.2
2019 62.2 60.8
2018 62 62.2
2017 63.4 65.1
2016 58.8 62.7
2015 59 62.5
2014 58.7 62.3
2013 57.2 63.1
2012 57.3 62.5
2011 60.4 64.9
2010 60.3 67.7
2009 61 65.6
2008 61.8 68.1
2007 60.8 66.4
2006 58.4 66.5
2005 58.2 64.6
2004 58 63.6
2003 54.7 66.7
2002 53.9 65.4
2001 53.7 68.2
2000 57.8 69.7
1999 58.4 69.5
1998 58.2 66.3
1997 58 64.8
1996 57.4 66.1
1995 54.7 -

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

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

The Economic Freedom Index for Fiji is 59.5, ranking 103/197, compared to 59.9 for Kuwait, ranking 100/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Fiji Kuwait
Services, % of GDP
54.6%
2024
55.9%
2024
Industry, % of GDP
16.5%
2024
57.1%
2024
Agriculture, forestry, and fishing, % of GDP
13.2%
2024
0.49%
2024
GNI, Atlas method
$5.4B
2024
$200B
2024
GNI per capita, PPP
$14,490
2024
$63,270
2024
Total reserves including gold
$1.6B
2024
$50.7B
2024
Total reserves ranking
133/177
2024
41/177
2024
Net foreign direct investment
-$86.9M
2022
$9.71B
2024
Net inflows of foreign direct investment
$204M
2024
$615M
2024
Net outflows of foreign direct investment
$25.6M
2024
$10.3B
2024
Servicing debt to the IMF, % of GNI
4.36%
2024
n/a
Poverty at national poverty lines
31%
2020
n/a
Gross capital formation, % of GDP
19.7%
2023
17.7%
2023

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/kuwait | 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. TradeMap (2021–2024, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. 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.