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Economy of Fiji vs Maldives compared: GDP & Debt

Updated on by Georank team

Fiji has a GDP of $5.97B compared to $7.06B for Maldives, ranking 161/197 and 159/197 by economy size, respectively.

Fiji has $4.54B in government debt (76.2% of GDP), compared to $9.41B (133.3% of GDP) in Maldives.

Fiji vs Maldives GDP by year

Fiji
Maldives
1x
Year GDP, current $
Fiji Maldives
2024 $5,968,125,909 $7,061,608,267
2023 $5,476,673,518 $6,621,008,704
2022 $4,977,861,886 $6,177,123,352
2021 $4,158,873,156 $5,252,457,370
2020 $4,227,719,873 $3,712,604,583
2019 $5,344,907,153 $5,726,094,799
2018 $5,581,425,327 $5,404,344,163
2017 $5,353,469,174 $4,816,426,257
2016 $4,930,213,644 $4,409,942,624
2015 $4,682,479,894 $4,129,505,319
2014 $4,857,104,769 $3,697,353,039
2013 $4,189,967,999 $3,295,009,238
2012 $3,972,028,104 $2,886,163,997
2011 $3,779,411,899 $2,774,350,240
2010 $3,140,166,713 $2,588,176,055
2009 $2,870,624,636 $2,345,294,875
2008 $3,523,185,920 $2,271,646,188
2007 $3,378,314,600 $1,868,383,461
2006 $3,076,305,453 $1,575,200,391
2005 $2,980,403,845 $1,163,362,438
2004 $2,708,078,477 $1,226,829,563
2003 $2,300,492,465 $1,052,121,055
2002 $1,833,279,985 $897,031,250
2001 $1,652,462,023 $870,031,677
2000 $1,678,219,508 $624,337,145
1999 $1,936,459,986 $589,239,754
1998 $1,653,146,717 $540,096,398
1997 $2,090,221,137 $508,223,602
1996 $2,128,696,644 $450,382,328
1995 $1,970,301,486 $398,988,955
1994 $1,825,732,093 $356,014,932
1993 $1,636,101,247 $322,417,837
1992 $1,532,411,039 $284,875,809
1991 $1,383,883,250 $244,396,762
1990 $1,337,017,559 $215,043,970
1989 $1,182,660,266 $189,514,434
1988 $1,110,009,523 $168,514,513
1987 $1,177,947,965 $141,223,029
1986 $1,290,267,340 $141,882,254
1985 $1,141,168,944 $127,190,758
1984 $1,178,000,678 $109,503,546
1983 $1,123,085,190 $57,829,787
1982 $1,194,059,943 $47,911,340
1981 $1,235,626,771 $44,781,457
1980 $1,202,618,816 $42,463,576
1979 $1,019,691,460 $38,523,364
1978 $829,267,889 $24,369,109
1977 $719,501,766 $20,853,789
1976 $694,540,806 $22,399,467
1975 $684,282,434 $24,540,878
1974 $558,587,097 $39,120,171
1973 $425,950,488 $30,862,042
1972 $316,656,649 $25,177,138
1971 $247,749,328 $21,566,404
1970 $219,878,482 $19,328,038
1969 $182,182,068 -
1968 $166,952,937 -
1967 $162,625,886 -
1966 $150,603,926 -
1965 $147,084,750 -
1964 $140,032,741 -
1963 $129,454,729 -
1962 $122,906,435 -
1961 $116,987,785 -
1960 $112,328,422 -

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

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

GDP per capita in Fiji vs Maldives by year

Fiji
GDP per capita

GDP per capita, PPP
Maldives
GDP per capita

GDP per capita, PPP
1x
Year Current $
Fiji Maldives
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,426 $15,450 $13,379 $26,183
2023 $5,926 $14,644 $12,588 $24,786
2022 $5,414 $12,982 $11,786 $22,881
2021 $4,537 $10,322 $10,176 $19,053
2020 $4,621 $10,716 $7,394 $13,425
2019 $5,842 $12,978 $11,740 $23,077
2018 $6,085 $12,984 $11,423 $21,899
2017 $5,827 $12,585 $10,510 $19,768
2016 $5,364 $11,766 $9,948 $18,770
2015 $5,098 $11,519 $9,645 $17,875
2014 $5,293 $10,516 $8,939 $16,723
2013 $4,572 $8,842 $8,236 $15,264
2012 $4,341 $8,204 $7,461 $13,989
2011 $4,140 $7,672 $7,425 $13,726
2010 $3,449 $7,339 $7,174 $12,797
2009 $3,164 $7,068 $6,734 $12,266
2008 $3,900 $7,154 $6,757 $13,779
2007 $3,763 $6,990 $5,758 $12,852
2006 $3,455 $6,921 $5,019 $12,075
2005 $3,378 $6,652 $3,797 $9,704
2004 $3,097 $6,463 $4,070 $10,770
2003 $2,656 $6,033 $3,549 $10,065
2002 $2,137 $5,914 $3,076 $8,823
2001 $1,945 $5,699 $3,034 $8,236
2000 $1,996 $5,521 $2,214 $8,526
1999 $2,328 $5,552 $2,124 $8,162
1998 $2,010 $5,090 $1,980 $7,710
1997 $2,574 $5,031 $1,898 $7,226
1996 $2,648 $5,109 $1,717 $6,687
1995 $2,467 $4,818 $1,555 $6,223
1994 $2,297 $4,627 $1,419 $5,520
1993 $2,070 $4,334 $1,317 $5,138
1992 $1,951 $4,172 $1,194 $4,881
1991 $1,775 $3,873 $1,054 $4,604
1990 $1,729 $3,882 $957 $4,528
1989 $1,543 - $870 -
1988 $1,463 - $799 -
1987 $1,569 - $692 -
1986 $1,745 - $720 -
1985 $1,577 - $669 -
1984 $1,667 - $594 -
1983 $1,628 - $323 -
1982 $1,773 - $274.8 -
1981 $1,879 - $264.1 -
1980 $1,873 - $257.6 -
1979 $1,627 - $240.2 -
1978 $1,355 - $156.1 -
1977 $1,204 - $137.3 -
1976 $1,186 - $151.8 -
1975 $1,188 - $171.4 -
1974 $984 - $281.5 -
1973 $762 - $228.7 -
1972 $575 - $192.2 -
1971 $458 - $169.8 -
1970 $414 - $156.9 -
1969 $350 - - -
1968 $327 - - -
1967 $326 - - -
1966 $310 - - -
1965 $311 - - -
1964 $306 - - -
1963 $291.4 - - -
1962 $285.5 - - -
1961 $280.3 - - -
1960 $277.4 - - -

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

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

Fiji's GDP per capita is $6,426, ranking 108/197, compared to $13,379 in Maldives, ranking 75/197. Adjusted for purchasing power (GDP per capita PPP), Fiji ranks 113th at $15,450, while Maldives ranks 81st at $26,183.

Economic indicators

Fiji Maldives
Gross domestic product
$5.97B
2024
$7.06B
2024
GDP rank
161/197
2024
159/197
2024
GDP growth
3.53%
2023-2024
3.49%
2023-2024
GDP per capita
$6,426
2024
$13,379
2024
GDP per capita rank
108/197
2024
75/197
2024
GDP per capita, PPP
$15,450
2024
$26,183
2024
GDP per capita PPP rank
113/197
2024
81/197
2024
Government debt
$4.54B
2024
$9.41B
2024
Debt-to-GDP ratio
76.2%
2024
133.3%
2024
Government debt per person
$4,893
2024
$17,837
2024
Government debt per person rank
80/185
2024
35/185
2024
Average annual personal income after taxes
$6,964
2026
$9,909
2026
Income share by richest 10%
24.2%
2019
23.3%
2019
Income share by poorest 10%
3.5%
2019
3.8%
2019
Government expenditure, % of GDP
29.7%
2024
46.1%
2024
Consumer prices inflation
4.51%
2023-2024
1.4%
2023-2024
Central bank interest rate
0.25%
2020
n/a
Unemployment rate
5.36%
2024
4.56%
2019
Population
938628
532057

Spending and national debt comparison by year

Fiji
Spending

Debt
Maldives
Spending

Debt
1x
Year % of GDP
Fiji Maldives
Government spending Government debt Government spending Government debt
2024 29.7% 76.2% 46.1% 133.3%
2023 28.8% 79.1% 46.7% 122.4%
2022 30.9% 83.3% 42% 111.6%
2021 36.7% 89% 40.6% 123.4%
2020 36.2% 72.9% 50.4% 155.7%
2019 30.8% 49.7% 32.9% 77.2%
2018 31.8% 44.8% 31.9% 70.7%
2017 27.3% 42.2% 30.4% 63.8%
2016 31.4% 43.6% 37.3% 61.9%
2015 29.8% 43% 33.8% 54.8%
2014 29.1% 44.5% 29.1% 55.1%
2013 25.1% 45.8% 27% 55.9%
2012 25.5% 47.7% 29.8% 57.1%
2011 25.3% 48.6% 31.3% 51.9%
2010 24.8% 51.8% 33.2% 52.7%
2009 26.2% 51.5% 37% 48.4%
2008 22.6% 47.5% 35.6% 39%
2007 23.3% 46% 34.8% 35.8%
2006 24.8% 49.2% 35% 36.8%
2005 23.3% 44% 38.8% 43.2%
2004 24% 44.5% 24.1% 34.7%
2003 25.8% 44.9% 26.4% 37.6%
2002 27.4% 43.4% 29.6% 44.3%
2001 26.4% 41% 29.6% 41.8%
2000 24.8% 36.9% 29% 39%
1999 23.2% 32.7% 28% 38.9%
1998 26.8% 36.6% 25.9% 39.3%
1997 29.1% 54.1% 25.2% 38.1%
1996 26.4% 48.8% 27.3% 46.9%
1995 23.2% 48.4% 31.3% 52.2%
1994 24.3% 47.6% 30.7% 54.6%
1993 25.7% 44.3% 34.7% 55.7%
1992 25.8% 42.2% 36.1% 49%
1991 - - 37.7% 46.7%
1990 - - 33.3% 42.4%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1990–1996, retrieved 2026-02-20).

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

In 2024, Fiji's government spending was $1.77B, accounting for 29.7% of its GDP, while Maldives spent $3.25B, or 46.1% of GDP.

Debt-to-GDP ratio is 76.2% in Fiji and 133.3% in Maldives, ranking 47/185 and 10/185, respectively.

Government deficit by year

Deficit/surplus
Fiji

Maldives
1x
Year Deficit/surplus, % of GDP
Fiji Maldives
2024 -3.36% -13.9%
2023 -6.82% -13.2%
2022 -11.2% -11.2%
2021 -14.6% -14.2%
2020 -9.24% -23.7%
2019 -3.67% -6.54%
2018 -4.72% -5.17%
2017 -2.22% -3.02%
2016 -5.58% -9.93%
2015 -3.8% -6.52%
2014 -3.36% -2.42%
2013 -0.08% -3.49%
2012 -0.67% -6.91%
2011 -0.69% -8.13%
2010 -1.26% -13.6%
2009 -2.76% -17.9%
2008 1.54% -9.92%
2007 0.35% -3.16%
2006 -0.74% -4.52%
2005 -1.14% -7.81%
2004 -0.95% -2.26%
2003 -3.34% -3.45%
2002 -3.58% -3.97%
2001 -4.4% -3.97%
2000 -1.37% -3.89%
1999 1.1% -3.03%
1998 5.21% -2.25%
1997 -4.48% -1.46%
1996 -3.35% -2.01%
1995 0.77% -5.66%
1994 -0.19% -4.82%
1993 -1.83% -13.9%
1992 -2.14% -12.6%
1991 - -10.2%
1990 - -12.8%

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

GeoRank.org/economy/fiji/maldives | 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 Maldives' deficit of $982M, or 13.9% of GDP.

Over the past 33 years, Fiji recorded a fiscal deficit in 28 of those years, while Maldives ran a deficit in 33 years. On average, Fiji posted an annual deficit equal to 2.81% of GDP, compared to deficit of 7.53% of GDP for Maldives.

Inflation comparison by year

Inflation
Fiji

Maldives
1x
Year Consumer prices inflation
Fiji Maldives
2024 4.51% 1.4%
2023 2.34% 2.6%
2022 4.32% 2.6%
2021 0.16% 0.2%
2020 -2.6% -1.6%
2019 1.77% 1.3%
2018 4.08% 1.4%
2017 3.35% 2.3%
2016 3.86% 0.8%
2015 1.37% 1.4%
2014 0.52% 2.4%
2013 2.91% 4%
2012 3.42% 10.9%
2011 7.28% 11.3%
2010 3.69% 6.1%
2009 3.13% 4.5%
2008 7.73% 12%
2007 4.8% 6.8%
2006 2.49% 3.5%
2005 2.37% 2.5%
2004 2.83% 6.3%
2003 4.17% -2.8%
2002 0.76% 0.9%
2001 4.27% 0.7%
2000 1.09% -1.2%
1999 1.97% 3%
1998 5.71% -1.4%
1997 3.37% 7.6%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Fiji has recorded an average annual inflation rate of 3.06%, compared with 3.2% in Maldives. In 2024, inflation was 4.51% in Fiji and 1.4% in Maldives.

Top exports between countries

Fiji
Export category Export value
Processed food, beverages & tobacco $65K
Machinery & equipment $2K
Maldives
Export category Export value

Balance of trade

Fiji Maldives
Current account balance
-$866M
2022
-$1.32B
2024
Current account balance ranking
120/190
2022
130/190
2024
Current account balance, % of GDP
-17.4%
2022
-18.7%
2024
Goods imports
$2.68B
2022
$3.46B
2024
Goods exports
$1.05B
2022
$383M
2024
Service imports
$754M
2022
$1.89B
2024
Service exports
$1.33B
2022
$5.03B
2024
Imports of goods and services, % of GDP
69.2%
2023
78.3%
2024
Exports of goods and services, % of GDP
57%
2023
78.2%
2024

Economic freedom indices

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

Fiji Maldives
Economic freedom 59.5 47.6
Economic freedom ranking 103/197 174/197
Property rights 59.9 52.2
Government integrity 55.4 41.9
Judicial effectiveness 53.2 39.3
Tax burden 87.8 89.9
Government spending 70 39.5
Fiscal health 7.5 0
Business freedom 69.5 49.7
Labor freedom 66.9 54.1
Monetary freedom 72.4 76.4
Trade freedom 66.6 62.8
Investment freedom 55 35
Financial freedom 50 30

Economic freedom comparison by year

Fiji
Maldives
1x
Year Economic freedom index
Fiji Maldives
2026 59.5 47.6
2025 59.1 48.3
2024 58 47.8
2023 58 46.6
2022 56.4 47.3
2021 62.2 55.2
2020 63.4 56.5
2019 62.2 53.2
2018 62 51.1
2017 63.4 50.3
2016 58.8 53.9
2015 59 53.4
2014 58.7 51
2013 57.2 49
2012 57.3 49.2
2011 60.4 48.3
2010 60.3 49
2009 61 51.3
2008 61.8 -
2007 60.8 -
2006 58.4 -
2005 58.2 -
2004 58 -
2003 54.7 -
2002 53.9 -
2001 53.7 -
2000 57.8 -
1999 58.4 -
1998 58.2 -
1997 58 -
1996 57.4 -
1995 54.7 -

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

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

The Economic Freedom Index for Fiji is 59.5, ranking 103/197, compared to 47.6 for Maldives, ranking 174/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Fiji Maldives
Services, % of GDP
54.6%
2024
72.1%
2024
Industry, % of GDP
16.5%
2024
9.2%
2024
Agriculture, forestry, and fishing, % of GDP
13.2%
2024
3.84%
2024
GNI, Atlas method
$5.4B
2024
$6.15B
2024
GNI per capita, PPP
$14,490
2024
$23,400
2024
Total reserves including gold
$1.6B
2024
$674M
2024
Total reserves ranking
133/177
2024
150/177
2024
Net foreign direct investment
-$86.9M
2022
-$806M
2024
Net inflows of foreign direct investment
$204M
2024
$806M
2024
Net outflows of foreign direct investment
$25.6M
2024
$0
2024
Servicing debt to the IMF, % of GNI
4.36%
2024
7.95%
2024
Poverty at national poverty lines
31%
2020
15%
2020
Gross capital formation, % of GDP
19.7%
2023
30.8%
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/maldives | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1990–1996, retrieved 2026-02-20)
  6. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)
  7. TradeMap (2023–2024, retrieved 2026-02-08)
  8. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  9. LivingCost (2026, retrieved 2025-10-14)

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.