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Economy of Fiji vs Nauru compared: GDP & Debt

Updated on by Georank team

Fiji has a GDP of $5.84B compared to $160M for Nauru, ranking 161/197 and 195/197 by economy size, respectively.

Fiji has $4.49B in government debt (76.4% of GDP), compared to $28.2M (15.2% of GDP) in Nauru.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Fiji
GDP, current $

GDP, constant 2015 $
Nauru
GDP, current $

GDP, constant 2015 $
Year GDP
Fiji Nauru
Current $ Constant $ Current $ Constant $
1960 $112,328,422 $864,434,174 - -
1961 $116,987,785 $894,841,355 - -
1962 $122,906,435 $927,110,248 - -
1963 $129,454,729 $986,063,074 - -
1964 $140,032,741 $1,034,156,139 - -
1965 $147,084,750 $1,006,231,163 - -
1966 $150,603,926 $1,006,231,163 - -
1967 $162,625,886 $1,140,581,420 - -
1968 $166,952,937 $1,230,872,372 - -
1969 $182,182,068 $1,262,830,872 - -
1970 $219,878,482 $1,423,244,629 $17,570,366 $265,597,277
1971 $247,749,328 $1,521,291,762 $19,009,433 $273,295,314
1972 $316,656,649 $1,635,164,660 $21,734,269 $281,216,471
1973 $425,950,488 $1,825,054,181 $26,529,817 $289,367,215
1974 $558,587,097 $1,872,526,576 $35,994,511 $297,754,198
1975 $684,282,434 $1,882,454,922 $40,106,776 $306,384,268
1976 $694,540,806 $1,933,961,962 $40,287,427 $297,754,198
1977 $719,501,766 $2,048,143,304 $40,444,702 $289,367,215
1978 $829,267,889 $2,086,308,437 $41,754,147 $281,216,471
1979 $1,019,691,460 $2,341,355,883 $44,431,330 $273,295,314
1980 $1,202,618,816 $2,303,813,250 $46,947,124 $265,597,277
1981 $1,235,626,771 $2,449,644,410 $51,689,637 $258,116,073
1982 $1,194,059,943 $2,303,192,757 $52,877,742 $250,845,596
1983 $1,123,085,190 $2,211,983,491 $48,439,093 $243,779,910
1984 $1,178,000,678 $2,397,635,807 $47,363,231 $236,913,245
1985 $1,141,168,944 $2,287,021,482 $41,548,741 $230,239,999
1986 $1,290,267,340 $2,464,263,542 $39,939,391 $223,754,720
1987 $1,177,947,965 $2,301,252,015 $40,118,410 $217,452,114
1988 $1,110,009,523 $2,323,246,344 $45,931,134 $211,327,039
1989 $1,182,660,266 $2,496,064,100 $53,736,786 $205,374,490
1990 $1,337,017,559 $2,640,835,886 $55,572,376 $199,589,610
1991 $1,383,883,250 $2,569,533,218 $52,533,789 $161,680,011
1992 $1,532,411,039 $2,726,274,794 $51,133,123 $135,390,360
1993 $1,636,101,247 $2,784,345,331 $43,542,088 $113,568,991
1994 $1,825,732,093 $2,926,346,931 $39,742,511 $109,178,266
1995 $1,970,301,486 $2,999,505,562 $39,969,706 $100,527,536
1996 $2,128,696,644 $3,143,481,842 $37,458,801 $88,605,472
1997 $2,090,221,137 $3,074,325,261 $37,331,507 $80,672,081
1998 $1,653,146,717 $3,114,291,503 $29,664,451 $71,162,476
1999 $1,936,459,986 $3,388,349,116 $27,328,613 $66,488,375
2000 $1,678,219,508 $3,330,747,235 $26,930,980 $61,929,804
2001 $1,652,462,023 $3,397,362,184 $22,613,288 $57,742,675
2002 $1,833,279,985 $3,506,077,744 $21,017,424 $51,984,931
2003 $2,300,492,465 $3,541,138,498 $24,778,160 $52,132,910
2004 $2,708,078,477 $3,728,818,828 $30,587,566 $49,883,465
2005 $2,980,403,845 $3,754,920,575 $30,282,840 $49,706,055
2006 $3,076,305,453 $3,824,479,873 $29,183,627 $53,845,954
2007 $3,378,314,600 $3,791,946,770 $23,068,623 $41,900,065
2008 $3,523,185,920 $3,831,109,777 $37,184,925 $50,439,678
2009 $2,870,624,636 $3,778,009,151 $44,024,970 $47,588,861
2010 $3,140,166,713 $3,889,636,946 $47,442,299 $47,512,730
2011 $3,779,411,899 $3,994,857,188 $65,444,174 $54,352,013
2012 $3,972,028,104 $4,051,237,183 $100,794,925 $68,091,833
2013 $4,189,967,999 $4,243,031,643 $94,385,015 $70,575,646
2014 $4,857,104,769 $4,480,790,532 $98,752,257 $82,166,522
2015 $4,682,479,894 $4,682,479,894 $84,383,389 $84,383,389
2016 $4,930,213,644 $4,796,997,048 $97,276,023 $88,065,239
2017 $5,353,469,174 $5,053,797,788 $108,862,279 $82,771,435
2018 $5,581,425,327 $5,246,466,309 $130,937,590 $81,762,350
2019 $5,444,407,198 $5,215,934,671 $124,871,111 $88,701,305
2020 $4,432,466,220 $4,327,208,912 $124,530,027 $90,459,205
2021 $4,305,031,650 $4,115,996,279 $175,513,985 $96,978,233
2022 $4,969,503,549 $4,930,664,173 $152,190,819 $99,840,564
2023 $5,442,046,553 $5,301,661,711 $151,455,968 $100,485,943
2024 $5,840,564,073 $5,504,662,279 $160,350,640 $102,254,749

Economic indicators

Fiji Nauru
Gross domestic product
$5.84B
2024
$160M
2024
GDP rank
161/197
2024
195/197
2024
GDP growth
7.32%
2023-2024
5.87%
2023-2024
GDP per capita
$6,288
2024
$13,422
2024
GDP per capita rank
111/197
2024
75/197
2024
GDP per capita, PPP
$16,032
2024
$14,327
2024
Government debt
$4.49B
2024
$28.2M
2024
Debt-to-GDP ratio
76.4%
2025
15.2%
2025
Government debt per person
$4,839
2024
$2,360
2024
Government debt per person rank
82/185
2024
114/185
2024
Average annual personal income after taxes
$7,882
2025
$8,196
2025
Income share by richest 10%
24.2%
2019
25.3%
2012
Income share by poorest 10%
3.5%
2019
3.4%
2012
Government expenditure, % of GDP
30.7%
2025
135%
2025
Consumer prices inflation
4.51%
2023-2024
6.1%
2024-2025
Central bank interest rate
0.25%
2020
n/a
Unemployment rate
5.36%
2024
5.06%
2021
Population
936456
12088

GDP per capita in Fiji vs Nauru

Fiji's GDP per capita is $6,288, ranking 111/197, compared to $13,422 in Nauru, ranking 75/197. Adjusted for purchasing power (GDP per capita PPP), Fiji ranks 110th at $16,032, while Nauru ranks 118th at $14,327.

Fiji
GDP per capita

GDP per capita, PPP
Nauru
GDP per capita

GDP per capita, PPP
Year Current $
Fiji Nauru
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 $277.4 - - -
1961 $280.3 - - -
1962 $285.5 - - -
1963 $291.4 - - -
1964 $306 - - -
1965 $311 - - -
1966 $310 - - -
1967 $326 - - -
1968 $327 - - -
1969 $350 - - -
1970 $414 - $2,619 -
1971 $458 - $2,811 -
1972 $575 - $3,191 -
1973 $762 - $3,864 -
1974 $984 - $5,199 -
1975 $1,188 - $5,740 -
1976 $1,186 - $5,703 -
1977 $1,204 - $5,646 -
1978 $1,355 - $5,721 -
1979 $1,627 - $5,950 -
1980 $1,873 - $6,138 -
1981 $1,879 - $6,594 -
1982 $1,773 - $6,577 -
1983 $1,628 - $5,896 -
1984 $1,667 - $5,654 -
1985 $1,577 - $4,859 -
1986 $1,745 - $4,569 -
1987 $1,569 - $4,485 -
1988 $1,463 - $5,012 -
1989 $1,543 - $5,723 -
1990 $1,729 $3,954 $5,776 $16,443
1991 $1,775 $3,945 $5,333 $13,451
1992 $1,951 $4,250 $5,103 $11,324
1993 $2,070 $4,415 $4,310 $9,646
1994 $2,297 $4,713 $3,921 $9,439
1995 $2,467 $4,908 $3,932 $8,849
1996 $2,648 $5,204 $3,679 $7,928
1997 $2,574 $5,124 $3,661 $7,332
1998 $2,010 $5,185 $2,909 $6,540
1999 $2,328 $5,655 $2,683 $6,204
2000 $1,996 $5,623 $2,649 $5,920
2001 $1,945 $5,805 $2,232 $5,666
2002 $2,137 $6,024 $2,085 $5,205
2003 $2,656 $6,145 $2,463 $5,335
2004 $3,097 $6,584 $3,041 $5,241
2005 $3,378 $6,776 $3,014 $5,392
2006 $3,455 $7,050 $2,908 $6,030
2007 $3,763 $7,120 $2,302 $4,826
2008 $3,900 $7,287 $3,715 $5,928
2009 $3,164 $7,200 $4,395 $5,624
2010 $3,449 $7,476 $4,724 $5,668
2011 $4,140 $7,815 $6,481 $6,582
2012 $4,341 $8,357 $9,817 $8,261
2013 $4,572 $9,007 $8,975 $8,501
2014 $5,293 $10,712 $9,193 $9,858
2015 $5,098 $11,734 $7,703 $10,020
2016 $5,364 $11,985 $8,724 $10,371
2017 $5,827 $12,820 $9,613 $9,770
2018 $6,085 $13,226 $11,409 $9,740
2019 $5,951 $13,220 $10,777 $10,640
2020 $4,844 $11,235 $10,696 $10,942
2021 $4,696 $10,685 $14,990 $12,197
2022 $5,405 $13,672 $12,896 $13,347
2023 $5,889 $15,152 $12,754 $13,830
2024 $6,288 $16,032 $13,422 $14,327

Spending and national debt comparison

In 2024, Fiji's government spending was $1.74B, accounting for 30.7% of its GDP, while Nauru's spent $198M, or 135% of GDP.

Debt-to-GDP ratio is 76.4% in Fiji and 15.2% in Nauru, ranking 47/185 and 177/185, respectively.

Fiji
Government spending

Government debt
Nauru
Government spending

Government debt
Year % of GDP
Fiji Nauru
Government spending Government debt Government spending Government debt
1992 25.8% 42.2% - -
1993 25.7% 44.3% - -
1994 24.3% 47.6% - -
1995 23.2% 48.4% - -
1996 26.4% 48.8% - -
1997 29.1% 54.1% - -
1998 26.8% 36.6% - -
1999 23.2% 32.7% - -
2000 24.8% 36.9% - -
2001 26.4% 41% - -
2002 27.4% 43.4% - -
2003 25.8% 44.9% - -
2004 24% 44.5% - -
2005 23.3% 44% - -
2006 24.8% 49.2% - -
2007 23.3% 46% - -
2008 22.6% 47.5% - -
2009 26.2% 51.5% 68% 246.7%
2010 24.8% 51.8% 73.8% 242.5%
2011 25.3% 48.6% 44.7% 188.9%
2012 25.5% 47.7% 46% 123.1%
2013 25.1% 45.8% 66% 126.9%
2014 29.1% 44.5% 61.3% 112.5%
2015 29.8% 43% 85.4% 82.2%
2016 31.4% 43.6% 96% 61.2%
2017 27.3% 42.2% 102.3% 78%
2018 31.8% 44.8% 90.8% 71.1%
2019 30.3% 48.8% 106% 59.6%
2020 34.6% 69.6% 109.4% 56.3%
2021 35.5% 86% 93% 20.5%
2022 30.9% 84.1% 134.8% 22.4%
2023 29% 79.6% 118.1% 20.5%
2024 29.8% 77% 123.5% 17.6%
2025 30.7% 76.4% 135% 15.2%

Government deficit by year

In 2024, Fiji's government deficit, the difference between spending and revenue, was -$197M, equivalent to -3.38% of GDP. This compares to Nauru's surplus of $48.3M, or 30.1% of GDP.

Over the past 16 years, Fiji recorded a fiscal deficit in 16 of those years, while Nauru ran a deficit in 0 years. On average, Fiji posted an annual deficit equal to -4.53% of GDP, compared to surplus of +19.4% of GDP for Nauru.

Deficit/surplus
Fiji

Nauru
Year Deficit/surplus, % of GDP
Fiji Nauru
1992 -2.14% -
1993 -1.83% -
1994 -0.19% -
1995 0.77% -
1996 -3.35% -
1997 -4.48% -
1998 5.21% -
1999 1.1% -
2000 -1.37% -
2001 -4.4% -
2002 -3.58% -
2003 -3.34% -
2004 -0.95% -
2005 -1.14% -
2006 -0.74% -
2007 0.35% -
2008 1.54% -
2009 -2.76% 0.37%
2010 -1.26% 0.09%
2011 -0.69% 2.73%
2012 -0.67% 8.12%
2013 -0.08% 1.71%
2014 -3.36% 29.6%
2015 -3.8% 10.7%
2016 -5.58% 18.9%
2017 -2.04% 16.2%
2018 -4.28% 29.6%
2019 -3.6% 31%
2020 -8.82% 42.8%
2021 -14.1% 44.5%
2022 -11.2% 24.3%
2023 -6.87% 19.4%
2024 -3.38% 30.1%
2025 -4.29% 10.8%

Inflation comparison by year

Over the past 20 years, Fiji has recorded an average annual inflation rate of 3.08%, compared with 4.84% in Nauru. In 2024, inflation was 4.51% in Fiji and 6.1% in Nauru.

Inflation
Fiji

Nauru
Year Inflation
Fiji Nauru Fiji Nauru
1996 3.05% -
1997 3.37% -
1998 5.71% -
1999 1.97% -
2000 1.09% -
2001 4.27% -
2002 0.76% -
2003 4.17% -
2004 2.83% -
2005 2.37% 8.7%
2006 2.49% 19.3%
2007 4.8% 5.6%
2008 7.73% 1%
2009 3.13% 22.4%
2010 3.69% -2%
2011 7.28% -3.4%
2012 3.42% 0.3%
2013 2.91% -1.1%
2014 0.52% 0.3%
2015 1.37% 9.8%
2016 3.86% 8.1%
2017 3.35% 4.5%
2018 4.08% 1.1%
2019 1.77% 4.1%
2020 -2.6% 0.9%
2021 0.16% 2%
2022 4.52% 1.1%
2023 2.15% 4.8%
2024 4.51% 9.3%
2025 - 6.1%

Top exports between countries

Fiji
Export category Export value
Raw agricultural goods $1.17M
Machinery & equipment $890K
Processed food, beverages & tobacco $728K
Animal & marine products $638K
Raw materials & minerals $426K
Textiles & consumer goods $393K
Chemicals & pharma $339K
Metals $320K
Wood & paper products $243K
Miscellaneous $27K
Nauru
Export category Export value
Processed food, beverages & tobacco $36K
Machinery & equipment $9K
Textiles & consumer goods $6K
Chemicals & pharma $2K

Balance of trade

Fiji Nauru
Current account balance
-$866M
2022
$1.92M
2023
Current account balance ranking
119/189
2022
74/189
2023
Current account balance, % of GDP
-17.4%
2022
+1.27%
2023
Goods imports
$2.68B
2022
$89M
2023
Goods exports
$1.05B
2022
$31.8M
2023
Service imports
$754M
2022
$61.2M
2023
Service exports
$1.33B
2022
$33.1M
2023
Imports of goods and services, % of GDP
69.2%
2023
118.7%
2024
Exports of goods and services, % of GDP
57%
2023
39.5%
2024

Economic freedom indices

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

Fiji Nauru
Economic freedom 59.1 60
Economic freedom ranking 103/197 96/197
Property rights 61.4 n/a
Government integrity 52.3 n/a
Judicial effectiveness 46.5 n/a
Tax burden 89.7 n/a
Government spending 67.8 n/a
Fiscal health 6.1 n/a
Business freedom 68.6 n/a
Labor freedom 72 n/a
Monetary freedom 74.8 n/a
Trade freedom 65 n/a
Investment freedom 55 n/a
Financial freedom 50 n/a

More economic indicators

Fiji Nauru
Services, % of GDP
56.2%
2024
n/a
Industry, % of GDP
14.1%
2024
n/a
Agriculture, forestry, and fishing, % of GDP
8.36%
2024
n/a
GNI, Atlas method
$5.27B
2024
$254M
2024
GNI per capita, PPP
$14,880
2024
$23,210
2024
Total reserves including gold
$1.6B
2024
n/a
Total reserves ranking
133/177
2024
n/a
Net foreign direct investment
-$86.9M
2022
$3.11M
2023
Net inflows of foreign direct investment
$204M
2024
-$280K
2024
Net outflows of foreign direct investment
$25.6M
2024
$6.17M
2024
Servicing debt to the IMF, % of GNI
4.26%
2023
n/a
Poverty at national poverty lines
31%
2020
n/a
Gross capital formation, % of GDP
19.8%
2023
n/a

GDP per capita map

GDP per capita

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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.