Fiji vs Latvia: Economic Indicators Comparison

Latvia with a GDP of $34.4B ranked the 100th largest economy in the world, while Fiji ranked 152nd with $5.5B. By GDP 5-years average growth and GDP per capita, Latvia and Fiji ranked 74th vs 78th and 51st vs 98th, respectively.

Gross Domestic Product & Income

Stat	Fiji	Latvia
GDP	$5.5B	$34.4B
GDP growth, 1 year	3.2%	4.8%
GDP growth, 5-years average	3.3%	3.3%
Population	906k	1.9M
GDP per capita	$6.3k	$18k
GDP per capita growth	2.82%	5.47%
Purchasing Power Parity conversion factor	1.2	0.5
Price level ratio of PPP conversion factor GDP to market exchange rate	0.58	0.59
GDP per capita, PPP adjusted	$10k	$30k
GNI, Atlas method	$5.2B	$31.8B
GNI per capita	$5.9k	$17k
GNI, PPP adjusted	$9B	$57.4B
GNI per capita, PPP adjusted	$10k	$30k

Financial system and Human development

Stat	Fiji	Latvia
Income Tax Rate	29%	31.4%
Corporate Tax Rate	20%	20%
Inflation, consumer prices	4.1%	2.6%
Inflation, GDP deflator	0.9%	4%
Unemployment	4.2%	7.9%
Economic Freedom Index	63.4	71.9
Personal Freedom Index	7.89	8.65
Human Freedom Index	7.46	8.16
Property Rights Index	69.9	72.3
Judical Effectiveness Index	42.6	51.1
Business Freedom Index	62.6	77
Fiscal Health Index	84.2	96.5
Labor Freedom Index	76.2	72.4
Investment Freedom Index	55	85
Financial Freedom Index	50	60
Trade Freedom Index	52.8	86.4
Monetary Freedom Index	72.5	80.2
Government Spending Index	68.9	58.3
Tax Burden Index	80.5	76.9
Government Integrity Index	45.6	46.4
Corruption Perceptions Index	58	58
Life expectancy at birth, years	67.3	74.7
Suicide mortality rate, per 100,000 people	5	21.2
Mortality caused by road traffic injury, per 100,000 people	9.6	9.3
Intentional homicides, per 100,000 people	2.3	4.2
International tourism, number of arrivals	870k	1.9M

Government debt & reserves

Stat	Fiji	Latvia
Central government debt, % of GDP	49.7%	37.6%
External debt stocks, % of GNI	16.7%	N/A
External debt stocks	$851.8M	N/A
Short-term debt, % of total reserves	4.7%	N/A
Total debt service, % of exports and primary income	2%	N/A
Adjusted net savings including particulate emission damage, % of GNI	8.1%	6%
Gross savings, % of GDP	N/A	22.8%
Gross capital formation, % of GDP	N/A	23.5%
Total reserves including gold	$947.7M	$4.4B
Foreign direct investment net inflows	$468.8M	$447M

Exports, imports and economic structure

Stat	Fiji	Latvia
Exports of goods and services, % of GDP	N/A	61.3%
Imports of goods and services, % of GDP	N/A	61.5%
Current account balance (balance of payments)	-$470.1M	-$211M
Revenue excluding grants, % of GDP	26.4%	41.4%
Grants excluding technical cooperation, BoP	$65.9M	$148.1M
Personal remittances received	$284.7M	$1.2B
Industry including construction value added, % of GDP	15.6%	19.5%
Agriculture, forestry and fishing value added, % of GDP	10.7%	3.6%
Charges for the use of intellectual property, payments BoP	$6.7M	$64.6M
Charges for the use of intellectual property, receipts BoP	$861k	$10.6M
Expense, % of GDP	28.3%	43%
Government Expenditure, % of GDP	32.2%	37.3%