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Economy of Fiji vs Malaysia compared: GDP & Debt

Updated on by Georank team

Fiji has a GDP of $5.97B compared to $422B for Malaysia, ranking 161/197 and 38/197 by economy size, respectively.

Fiji has $4.54B in government debt (76.2% of GDP), compared to $296B (70.1% of GDP) in Malaysia.

Fiji vs Malaysia GDP by year

Fiji
Malaysia
1x
Year GDP, current $
Fiji Malaysia
2024 $5,968,125,909 $422,227,005,429
2023 $5,476,673,518 $399,949,418,753
2022 $4,977,861,886 $407,830,525,990
2021 $4,158,873,156 $373,784,553,030
2020 $4,227,719,873 $337,456,163,961
2019 $5,344,907,153 $365,177,721,022
2018 $5,581,425,327 $358,788,845,713
2017 $5,353,469,174 $319,109,094,160
2016 $4,930,213,644 $301,256,033,870
2015 $4,682,479,894 $301,355,266,965
2014 $4,857,104,769 $338,066,095,097
2013 $4,189,967,999 $323,276,235,524
2012 $3,972,028,104 $314,443,047,642
2011 $3,779,411,899 $297,951,668,675
2010 $3,140,166,713 $255,017,638,456
2009 $2,870,624,636 $202,257,453,037
2008 $3,523,185,920 $230,811,614,370
2007 $3,378,314,600 $193,549,569,478
2006 $3,076,305,453 $162,692,258,307
2005 $2,980,403,845 $143,534,405,819
2004 $2,708,078,477 $124,749,473,684
2003 $2,300,492,465 $110,202,368,421
2002 $1,833,279,985 $100,845,526,316
2001 $1,652,462,023 $92,783,947,368
2000 $1,678,219,508 $93,789,736,842
1999 $1,936,459,986 $79,148,421,053
1998 $1,653,146,717 $72,167,498,981
1997 $2,090,221,137 $100,005,323,302
1996 $2,128,696,644 $100,855,393,910
1995 $1,970,301,486 $88,705,342,903
1994 $1,825,732,093 $74,478,356,958
1993 $1,636,101,247 $66,894,966,969
1992 $1,532,411,039 $59,167,550,163
1991 $1,383,883,250 $49,143,148,094
1990 $1,337,017,559 $44,024,585,240
1989 $1,182,660,266 $38,847,965,293
1988 $1,110,009,523 $35,272,109,220
1987 $1,177,947,965 $32,181,210,158
1986 $1,290,267,340 $27,734,111,400
1985 $1,141,168,944 $31,199,633,353
1984 $1,178,000,678 $33,942,897,422
1983 $1,123,085,190 $30,347,442,111
1982 $1,194,059,943 $26,804,493,635
1981 $1,235,626,771 $25,004,285,792
1980 $1,202,618,816 $24,488,224,677
1979 $1,019,691,460 $21,213,264,962
1978 $829,267,889 $16,358,079,862
1977 $719,501,766 $13,139,488,633
1976 $694,540,806 $11,050,234,599
1975 $684,282,434 $9,298,800,799
1974 $558,587,097 $9,496,204,302
1973 $425,950,488 $7,662,902,678
1972 $316,656,649 $5,043,347,250
1971 $247,749,328 $4,244,395,956
1970 $219,878,482 $3,864,145,667
1969 $182,182,068 $3,664,552,041
1968 $166,952,937 $3,330,371,551
1967 $162,625,886 $3,188,924,677
1966 $150,603,926 $3,143,517,944
1965 $147,084,750 $2,956,337,669
1964 $140,032,741 $2,674,423,922
1963 $129,454,729 $2,510,110,348
1962 $122,906,435 $2,001,489,602
1961 $116,987,785 $1,901,856,123
1960 $112,328,422 $1,916,229,477

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

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

GDP per capita in Fiji vs Malaysia by year

Fiji
GDP per capita

GDP per capita, PPP
Malaysia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Fiji Malaysia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,426 $15,450 $11,874 $38,779
2023 $5,926 $14,644 $11,386 $36,467
2022 $5,414 $12,982 $11,755 $34,420
2021 $4,537 $10,322 $10,903 $29,823
2020 $4,621 $10,716 $9,958 $27,475
2019 $5,842 $12,978 $10,920 $28,934
2018 $6,085 $12,984 $10,902 $27,794
2017 $5,827 $12,585 $9,863 $26,416
2016 $5,364 $11,766 $9,477 $25,286
2015 $5,098 $11,519 $9,649 $24,526
2014 $5,293 $10,516 $11,013 $24,307
2013 $4,572 $8,842 $10,714 $23,161
2012 $4,341 $8,204 $10,601 $22,639
2011 $4,140 $7,672 $10,217 $21,324
2010 $3,449 $7,339 $8,899 $20,193
2009 $3,164 $7,068 $7,191 $18,923
2008 $3,900 $7,154 $8,372 $19,480
2007 $3,763 $6,990 $7,169 $18,617
2006 $3,455 $6,921 $6,158 $17,426
2005 $3,378 $6,652 $5,556 $16,371
2004 $3,097 $6,463 $4,939 $15,416
2003 $2,656 $6,033 $4,465 $14,387
2002 $2,137 $5,914 $4,184 $13,656
2001 $1,945 $5,699 $3,944 $13,072
2000 $1,996 $5,521 $4,084 $13,027
1999 $2,328 $5,552 $3,528 $11,980
1998 $2,010 $5,090 $3,294 $11,398
1997 $2,574 $5,031 $4,679 $12,469
1996 $2,648 $5,109 $4,837 $11,709
1995 $2,467 $4,818 $4,363 $10,720
1994 $2,297 $4,627 $3,758 $9,806
1993 $2,070 $4,334 $3,462 $9,018
1992 $1,951 $4,172 $3,141 $8,224
1991 $1,775 $3,873 $2,679 $7,583
1990 $1,729 $3,882 $2,469 $6,887
1989 $1,543 - $2,244 -
1988 $1,463 - $2,100 -
1987 $1,569 - $1,977 -
1986 $1,745 - $1,760 -
1985 $1,577 - $2,046 -
1984 $1,667 - $2,300 -
1983 $1,628 - $2,124 -
1982 $1,773 - $1,938 -
1981 $1,879 - $1,866 -
1980 $1,873 - $1,886 -
1979 $1,627 - $1,680 -
1978 $1,355 - $1,327 -
1977 $1,204 - $1,092 -
1976 $1,186 - $940 -
1975 $1,188 - $811 -
1974 $984 - $848 -
1973 $762 - $701 -
1972 $575 - $472 -
1971 $458 - $407 -
1970 $414 - $380 -
1969 $350 - $368 -
1968 $327 - $342 -
1967 $326 - $335 -
1966 $310 - $339 -
1965 $311 - $326 -
1964 $306 - $303 -
1963 $291.4 - $291.8 -
1962 $285.5 - $238.8 -
1961 $280.3 - $232.9 -
1960 $277.4 - $240.8 -

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

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

Fiji's GDP per capita is $6,426, ranking 108/197, compared to $11,874 in Malaysia, ranking 79/197. Adjusted for purchasing power (GDP per capita PPP), Fiji ranks 113th at $15,450, while Malaysia ranks 60th at $38,779.

Economic indicators

Fiji Malaysia
Gross domestic product
$5.97B
2024
$422B
2024
GDP rank
161/197
2024
38/197
2024
GDP growth
3.53%
2023-2024
5.11%
2023-2024
GDP per capita
$6,426
2024
$11,874
2024
GDP per capita rank
108/197
2024
79/197
2024
GDP per capita, PPP
$15,450
2024
$38,779
2024
GDP per capita PPP rank
113/197
2024
60/197
2024
Government debt
$4.54B
2024
$296B
2024
Debt-to-GDP ratio
76.2%
2024
70.1%
2024
Government debt per person
$4,893
2024
$8,322
2024
Government debt per person rank
80/185
2024
62/185
2024
Average annual personal income after taxes
$6,964
2026
$11,005
2026
Market capitalization of domestic companies n/a
$449B
2024
Number of billionaires n/a
19
2025
Income share by richest 10%
24.2%
2019
30.9%
2021
Income share by poorest 10%
3.5%
2019
2.3%
2021
Government expenditure, % of GDP
29.7%
2024
23.9%
2024
Consumer prices inflation
4.51%
2023-2024
1.83%
2023-2024
Central bank interest rate
0.25%
2020
2.75%
2025
Unemployment rate
5.36%
2024
3.93%
2022
Population
938628
36512221

Spending and national debt comparison by year

Fiji
Spending

Debt
Malaysia
Spending

Debt
1x
Year % of GDP
Fiji Malaysia
Government spending Government debt Government spending Government debt
2024 29.7% 76.2% 23.9% 70.1%
2023 28.8% 79.1% 24.9% 69.7%
2022 30.9% 83.3% 24.6% 65.5%
2021 36.7% 89% 24.5% 69.2%
2020 36.2% 72.9% 25% 67.7%
2019 30.8% 49.7% 23.6% 57.1%
2018 31.8% 44.8% 22.8% 55.6%
2017 27.3% 42.2% 22% 54.4%
2016 31.4% 43.6% 22.9% 55.8%
2015 29.8% 43% 24.7% 57%
2014 29.1% 44.5% 26% 55.4%
2013 25.1% 45.8% 27.8% 55.7%
2012 25.5% 47.7% 28.5% 53.8%
2011 25.3% 48.6% 27.1% 51.9%
2010 24.8% 51.8% 26.6% 51.2%
2009 26.2% 51.5% 30.9% 50.4%
2008 22.6% 47.5% 26.9% 39.4%
2007 23.3% 46% 25.9% 39.3%
2006 24.8% 49.2% 25.6% 39.7%
2005 23.3% 44% 24.5% 40.8%
2004 24% 44.5% 25.9% 42%
2003 25.8% 44.9% 28.1% 41.4%
2002 27.4% 43.4% 27.1% 39.5%
2001 26.4% 41% 28.2% 38.1%
2000 24.8% 36.9% 25.6% 32.5%
1999 23.2% 32.7% 24.6% 34.4%
1998 26.8% 36.6% 23.1% 33.6%
1997 29.1% 54.1% 21.2% 29.6%
1996 26.4% 48.8% 22.4% 32.8%
1995 23.2% 48.4% 22.6% 38.2%
1994 24.3% 47.6% 23.3% 43.7%
1993 25.7% 44.3% 24.6% 51.1%
1992 25.8% 42.2% 28.2% 59.1%
1991 - - 27.4% 67.3%
1990 - - 30.5% 74.1%

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

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

In 2024, Fiji's government spending was $1.77B, accounting for 29.7% of its GDP, while Malaysia spent $101B, or 23.9% of GDP.

Debt-to-GDP ratio is 76.2% in Fiji and 70.1% in Malaysia, ranking 47/185 and 58/185, respectively.

Government deficit by year

Deficit/surplus
Fiji

Malaysia
1x
Year Deficit/surplus, % of GDP
Fiji Malaysia
2024 -3.36% -3.95%
2023 -6.82% -3.97%
2022 -11.2% -4.56%
2021 -14.6% -6.03%
2020 -9.24% -4.9%
2019 -3.67% -2.01%
2018 -4.72% -2.64%
2017 -2.22% -2.41%
2016 -5.58% -2.6%
2015 -3.8% -2.55%
2014 -3.36% -2.63%
2013 -0.08% -3.48%
2012 -0.67% -3.1%
2011 -0.69% -3.57%
2010 -1.26% -4.32%
2009 -2.76% -5.88%
2008 1.54% -3.4%
2007 0.35% -2.57%
2006 -0.74% -2.6%
2005 -1.14% -2.83%
2004 -0.95% -3.35%
2003 -3.34% -4.6%
2002 -3.58% -3.96%
2001 -4.4% -4.36%
2000 -1.37% -6.05%
1999 1.1% -3%
1998 5.21% -0.63%
1997 -4.48% 4.84%
1996 -3.35% 3.27%
1995 0.77% 3.1%
1994 -0.19% 5.45%
1993 -1.83% 3.44%
1992 -2.14% 1.81%
1991 - 1.6%
1990 - 0.15%

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

GeoRank.org/economy/fiji/malaysia | 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 Malaysia's deficit of $16.7B, or 3.95% of GDP.

Over the past 33 years, Fiji recorded a fiscal deficit in 28 of those years, while Malaysia ran a deficit in 27 years. On average, Fiji posted an annual deficit equal to 2.81% of GDP, compared to deficit of 2.24% of GDP for Malaysia.

Inflation comparison by year

Inflation
Fiji

Malaysia
1x
Year Consumer prices inflation
Fiji Malaysia
2024 4.51% 1.83%
2023 2.34% 2.49%
2022 4.32% 3.38%
2021 0.16% 2.48%
2020 -2.6% -1.14%
2019 1.77% 0.66%
2018 4.08% 0.88%
2017 3.35% 3.87%
2016 3.86% 2.09%
2015 1.37% 2.1%
2014 0.52% 3.14%
2013 2.91% 2.11%
2012 3.42% 1.66%
2011 7.28% 3.17%
2010 3.69% 1.62%
2009 3.13% 0.58%
2008 7.73% 5.44%
2007 4.8% 2.03%
2006 2.49% 3.61%
2005 2.37% 2.98%
2004 2.83% 1.42%
2003 4.17% 1.09%
2002 0.76% 1.81%
2001 4.27% 1.42%
2000 1.09% 1.53%
1999 1.97% 2.74%
1998 5.71% 5.27%
1997 3.37% 2.66%

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

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

Over the past 28 years, Fiji has recorded an average annual inflation rate of 3.06%, compared with 2.25% in Malaysia. In 2024, inflation was 4.51% in Fiji and 1.83% in Malaysia.

Top exports between countries

Fiji
Export category Export value
Machinery & equipment $3.21M
Processed food, beverages & tobacco $1.24M
Precious metals & jewellery $211K
Chemicals & pharma $99K
Miscellaneous $65K
Animal & marine products $15K
Metals $7K
Wood & paper products $5K
Textiles & consumer goods $3K
Raw agricultural goods $2K
Malaysia
Export category Export value
Raw materials & minerals $51.4M
Processed food, beverages & tobacco $30.7M
Machinery & equipment $12.2M
Chemicals & pharma $10M
Textiles & consumer goods $3.81M
Metals $3.37M
Miscellaneous $2.41M
Wood & paper products $1.21M
Animal & marine products $109K
Precious metals & jewellery $90K

Balance of trade

Fiji Malaysia
Current account balance
-$866M
2022
$7.15B
2024
Current account balance ranking
120/190
2022
26/190
2024
Current account balance, % of GDP
-17.4%
2022
+1.69%
2024
Goods imports
$2.68B
2022
$223B
2024
Goods exports
$1.05B
2022
$248B
2024
Service imports
$754M
2022
$56.4B
2024
Service exports
$1.33B
2022
$53.4B
2024
Imports of goods and services, % of GDP
69.2%
2023
66%
2024
Exports of goods and services, % of GDP
57%
2023
71.3%
2024

Economic freedom indices

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

Fiji Malaysia
Economic freedom 59.5 68
Economic freedom ranking 103/197 51/197
Property rights 59.9 62.7
Government integrity 55.4 52.9
Judicial effectiveness 53.2 63.4
Tax burden 87.8 83.5
Government spending 70 82
Fiscal health 7.5 62.5
Business freedom 69.5 79.6
Labor freedom 66.9 55.4
Monetary freedom 72.4 80.8
Trade freedom 66.6 83
Investment freedom 55 60
Financial freedom 50 50

Economic freedom comparison by year

Fiji
Malaysia
1x
Year Economic freedom index
Fiji Malaysia
2026 59.5 68
2025 59.1 67.1
2024 58 65.7
2023 58 67.3
2022 56.4 68.1
2021 62.2 74.4
2020 63.4 74.7
2019 62.2 74
2018 62 74.5
2017 63.4 73.8
2016 58.8 71.5
2015 59 70.8
2014 58.7 69.6
2013 57.2 66.1
2012 57.3 66.4
2011 60.4 66.3
2010 60.3 64.8
2009 61 64.6
2008 61.8 63.9
2007 60.8 63.8
2006 58.4 61.6
2005 58.2 61.9
2004 58 59.9
2003 54.7 61.1
2002 53.9 60.1
2001 53.7 60.2
2000 57.8 66
1999 58.4 68.9
1998 58.2 68.2
1997 58 66.8
1996 57.4 69.9
1995 54.7 71.9

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

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

The Economic Freedom Index for Fiji is 59.5, ranking 103/197, compared to 68 for Malaysia, ranking 51/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Fiji Malaysia
Services, % of GDP
54.6%
2024
53.7%
2024
Industry, % of GDP
16.5%
2024
37%
2024
Agriculture, forestry, and fishing, % of GDP
13.2%
2024
8.13%
2024
GNI, Atlas method
$5.4B
2024
$414B
2024
GNI per capita, PPP
$14,490
2024
$37,450
2024
Total reserves including gold
$1.6B
2024
$116B
2024
Total reserves ranking
133/177
2024
24/177
2024
Net foreign direct investment
-$86.9M
2022
-$2.55B
2024
Net inflows of foreign direct investment
$204M
2024
$15.6B
2024
Net outflows of foreign direct investment
$25.6M
2024
$13B
2024
Servicing debt to the IMF, % of GNI
4.36%
2024
n/a
Poverty at national poverty lines
31%
2020
5.8%
2023
Gross capital formation, % of GDP
19.7%
2023
22%
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/malaysia | 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 (2020–2024, 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.