Fiji vs Malawi: Economic Indicators Comparison

Malawi with a GDP of $7.1B ranked the 150th largest economy in the world, while Fiji ranked 152nd with $5.5B. By GDP 5-years average growth and GDP per capita, Malawi and Fiji ranked 63rd vs 78th and 195th vs 98th, respectively.

Gross Domestic Product & Income

StatFijiMalawi
GDP$5.5B$7.1B
GDP growth, 1 year3.2%3.2%
GDP growth, 5-years average3.3%3.6%
Population906k18.6M
GDP per capita$6.3k$389
GDP per capita growth2.82%0.8%
Purchasing Power Parity conversion factor1.2217.52
Price level ratio of PPP conversion factor GDP to market exchange rate0.580.3
GDP per capita, PPP adjusted$10k$1.2k
GNI, Atlas method$5.2B$6.5B
GNI per capita$5.9k$360
GNI, PPP adjusted$9B$23.7B
GNI per capita, PPP adjusted$10k$1.3k

Financial system and Human development

StatFijiMalawi
Income Tax Rate29%30%
Corporate Tax Rate20%30%
Inflation, consumer prices4.1%9.2%
Inflation, GDP deflator0.9%8.6%
Unemployment4.2%5.4%
Economic Freedom Index63.452.8
Personal Freedom Index7.897.18
Human Freedom Index7.466.68
Property Rights Index69.943.1
Judical Effectiveness Index42.642.1
Business Freedom Index62.641.9
Fiscal Health Index84.223.6
Labor Freedom Index76.262.8
Investment Freedom Index5550
Financial Freedom Index5050
Trade Freedom Index52.875.4
Monetary Freedom Index72.569.1
Government Spending Index68.971.7
Tax Burden Index80.579
Government Integrity Index45.624.8
Corruption Perceptions Index5832
Life expectancy at birth, years67.363.3
Suicide mortality rate, per 100,000 people53.7
Mortality caused by road traffic injury, per 100,000 people9.631
Intentional homicides, per 100,000 people2.31.7
International tourism, number of arrivals870k871k

Government debt & reserves

StatFijiMalawi
Central government debt, % of GDP49.7%61.3%
External debt stocks, % of GNI16.7%32.2%
External debt stocks$851.8M$2.3B
Short-term debt, % of total reserves4.7%3%
Total debt service, % of exports and primary income2%5.7%
Adjusted net savings including particulate emission damage, % of GNI8.1%-16.7%
Gross savings, % of GDPN/A13.2%
Gross capital formation, % of GDPN/A13.4%
Total reserves including gold$947.7M$759.6M
Foreign direct investment net inflows$468.8M$102M

Exports, imports and economic structure

StatFijiMalawi
Exports of goods and services, % of GDPN/A29.2%
Imports of goods and services, % of GDPN/A36.2%
Current account balance (balance of payments)-$470.1M-$1.4B
Revenue excluding grants, % of GDP26.4%18.1%
Grants excluding technical cooperation, BoP$65.9M$973.7M
Personal remittances received$284.7M$181.6M
Industry including construction value added, % of GDP15.6%14.4%
Agriculture, forestry and fishing value added, % of GDP10.7%26.1%
Charges for the use of intellectual property, payments BoP$6.7M$3.2M
Charges for the use of intellectual property, receipts BoP$861kN/A
Expense, % of GDP28.3%20.9%
Government Expenditure, % of GDP32.2%30.7%

Compare with countries close by GDP per capita

Fiji vs

CountryGDP
per capita
Population
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k

Malawi vs

CountryGDP
per capita
Population
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Nepal
$1k
29.4M
Sudan
$977
40.5M
Yemen
$944
28.3M
Benin
$902
11.2M
Mali
$900
18.5M
Guinea
$879
12.7M
Haiti
$868
11M
Tajikistan
$827
8.92M
Eritrea
$811
3.5M
Guinea-Bissau
$778
1.86M
Rwanda
$773
12.2M
Ethiopia
$772
105M
Chad
$728
15.5M
Gambia
$716
2.1M
Burkina Faso
$715
19.2M
Togo
$679
7.8M
Liberia
$677
4.73M
Uganda
$643
42.9M
DR Congo
$562
86.8M
Sierra Leone
$534
7.56M
Madagascar
$528
25.6M
Afghanistan
$521
34.9M
Mozambique
$499
29.7M
Central African Republic
$476
4.66M
Niger
$414
21.5M
Somalia
$315
11M
Burundi
$272
10.9M