Skip to content

Economy of Fiji vs Nicaragua compared: GDP & Debt

Updated on by Georank team

Fiji has a GDP of $5.97B compared to $19.7B for Nicaragua, ranking 161/197 and 131/197 by economy size, respectively.

Fiji has $4.54B in government debt (76.2% of GDP), compared to $7.71B (39.1% of GDP) in Nicaragua.

Fiji vs Nicaragua GDP by year

Fiji
Nicaragua
1x
Year GDP, current $
Fiji Nicaragua
2024 $5,968,125,909 $19,693,982,968
2023 $5,476,673,518 $17,805,842,284
2022 $4,977,861,886 $15,634,572,502
2021 $4,158,873,156 $14,209,020,362
2020 $4,227,719,873 $12,726,422,432
2019 $5,344,907,153 $12,699,023,614
2018 $5,581,425,327 $13,025,221,974
2017 $5,353,469,174 $13,785,893,007
2016 $4,930,213,644 $13,286,093,388
2015 $4,682,479,894 $12,756,696,261
2014 $4,857,104,769 $11,880,438,824
2013 $4,189,967,999 $10,982,988,249
2012 $3,972,028,104 $10,532,017,232
2011 $3,779,411,899 $9,774,329,333
2010 $3,140,166,713 $8,758,602,233
2009 $2,870,624,636 $8,298,702,489
2008 $3,523,185,920 $8,496,967,597
2007 $3,378,314,600 $7,423,375,015
2006 $3,076,305,453 $6,763,672,381
2005 $2,980,403,845 $6,321,324,279
2004 $2,708,078,477 $5,792,932,838
2003 $2,300,492,465 $5,322,228,351
2002 $1,833,279,985 $5,223,727,303
2001 $1,652,462,023 $5,351,752,034
2000 $1,678,219,508 $5,109,587,050
1999 $1,936,459,986 $4,856,026,259
1998 $1,653,146,717 $4,635,347,386
1997 $2,090,221,137 $4,389,973,490
1996 $2,128,696,644 $4,308,351,903
1995 $1,970,301,486 $4,140,470,000
1994 $1,825,732,093 $3,863,185,119
1993 $1,636,101,247 $1,756,454,248
1992 $1,532,411,039 $1,792,800,000
1991 $1,383,883,250 $1,488,804,124
1990 $1,337,017,559 $1,009,455,484
1989 $1,182,660,266 $1,013,184,756
1988 $1,110,009,523 $2,630,900,096
1987 $1,177,947,965 $3,851,200,118
1986 $1,290,267,340 $2,885,799,994
1985 $1,141,168,944 $2,683,699,935
1984 $1,178,000,678 $3,117,599,872
1983 $1,123,085,190 $2,753,100,058
1982 $1,194,059,943 $2,454,499,872
1981 $1,235,626,771 $2,474,700,227
1980 $1,202,618,816 $2,144,300,006
1979 $1,019,691,460 $1,567,599,982
1978 $829,267,889 $2,127,699,979
1977 $719,501,766 $2,226,999,874
1976 $694,540,806 $1,836,899,999
1975 $684,282,434 $1,581,599,959
1974 $558,587,097 $1,521,400,012
1973 $425,950,488 $1,092,900,015
1972 $316,656,649 $878,570,045
1971 $247,749,328 $828,569,953
1970 $219,878,482 $778,569,939
1969 $182,182,068 $750,000,003
1968 $166,952,937 $692,859,985
1967 $162,625,886 $657,140,011
1966 $150,603,926 $607,140,010
1965 $147,084,750 $564,290,020
1964 $140,032,741 $347,119,918
1963 $129,454,729 $297,324,163
1962 $122,906,435 $269,283,804
1961 $116,987,785 $244,144,237
1960 $112,328,422 $227,223,322

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

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

GDP per capita in Fiji vs Nicaragua by year

Fiji
GDP per capita

GDP per capita, PPP
Nicaragua
GDP per capita

GDP per capita, PPP
1x
Year Current $
Fiji Nicaragua
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,426 $15,450 $2,848 $8,709
2023 $5,926 $14,644 $2,609 $8,320
2022 $5,414 $12,982 $2,323 $7,797
2021 $4,537 $10,322 $2,138 $7,119
2020 $4,621 $10,716 $1,938 $6,274
2019 $5,842 $12,978 $1,959 $5,981
2018 $6,085 $12,984 $2,035 $5,935
2017 $5,827 $12,585 $2,183 $6,225
2016 $5,364 $11,766 $2,132 $5,882
2015 $5,098 $11,519 $2,074 $5,449
2014 $5,293 $10,516 $1,958 $5,068
2013 $4,572 $8,842 $1,835 $4,711
2012 $4,341 $8,204 $1,785 $4,508
2011 $4,140 $7,672 $1,680 $4,325
2010 $3,449 $7,339 $1,527 $4,042
2009 $3,164 $7,068 $1,467 $3,880
2008 $3,900 $7,154 $1,524 $4,044
2007 $3,763 $6,990 $1,350 $3,891
2006 $3,455 $6,921 $1,248 $3,658
2005 $3,378 $6,652 $1,183 $3,456
2004 $3,097 $6,463 $1,099 $3,255
2003 $2,656 $6,033 $1,021 $3,046
2002 $2,137 $5,914 $1,014 $2,948
2001 $1,945 $5,699 $1,052 $2,917
2000 $1,996 $5,521 $1,017 $2,806
1999 $2,328 $5,552 $980 $2,672
1998 $2,010 $5,090 $949 $2,497
1997 $2,574 $5,031 $913 $2,418
1996 $2,648 $5,109 $911 $2,325
1995 $2,467 $4,818 $892 $2,187
1994 $2,297 $4,627 $849 $2,064
1993 $2,070 $4,334 $394 $1,998
1992 $1,951 $4,172 $411 $2,003
1991 $1,775 $3,873 $350 $1,995
1990 $1,729 $3,882 $242.5 $1,979
1989 $1,543 - $249.2 -
1988 $1,463 - $662 -
1987 $1,569 - $992 -
1986 $1,745 - $761 -
1985 $1,577 - $724 -
1984 $1,667 - $861 -
1983 $1,628 - $780 -
1982 $1,773 - $714 -
1981 $1,879 - $740 -
1980 $1,873 - $659 -
1979 $1,627 - $495 -
1978 $1,355 - $691 -
1977 $1,204 - $744 -
1976 $1,186 - $633 -
1975 $1,188 - $561 -
1974 $984 - $557 -
1973 $762 - $413 -
1972 $575 - $341 -
1971 $458 - $331 -
1970 $414 - $321 -
1969 $350 - $319 -
1968 $327 - $304 -
1967 $326 - $297.9 -
1966 $310 - $284 -
1965 $311 - $272.3 -
1964 $306 - $172.7 -
1963 $291.4 - $152.5 -
1962 $285.5 - $142.3 -
1961 $280.3 - $132.9 -
1960 $277.4 - $127.5 -

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

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

Fiji's GDP per capita is $6,426, ranking 108/197, compared to $2,848 in Nicaragua, ranking 141/197. Adjusted for purchasing power (GDP per capita PPP), Fiji ranks 113th at $15,450, while Nicaragua ranks 138th at $8,709.

Economic indicators

Fiji Nicaragua
Gross domestic product
$5.97B
2024
$19.7B
2024
GDP rank
161/197
2024
131/197
2024
GDP growth
3.53%
2023-2024
3.59%
2023-2024
GDP per capita
$6,426
2024
$2,848
2024
GDP per capita rank
108/197
2024
141/197
2024
GDP per capita, PPP
$15,450
2024
$8,709
2024
GDP per capita PPP rank
113/197
2024
138/197
2024
Government debt
$4.54B
2024
$7.71B
2024
Debt-to-GDP ratio
76.2%
2024
39.1%
2024
Government debt per person
$4,893
2024
$1,115
2024
Government debt per person rank
80/185
2024
138/185
2024
Average annual personal income after taxes
$6,964
2026
$2,318
2026
Income share by richest 10%
24.2%
2019
37.2%
2014
Income share by poorest 10%
3.5%
2019
2%
2014
Government expenditure, % of GDP
29.7%
2024
27.1%
2024
Consumer prices inflation
4.51%
2023-2024
4.6%
2023-2024
Central bank interest rate
0.25%
2020
6%
2025
Unemployment rate
5.36%
2024
5.2%
2018
Population
938628
7124343

Spending and national debt comparison by year

Fiji
Spending

Debt
Nicaragua
Spending

Debt
1x
Year % of GDP
Fiji Nicaragua
Government spending Government debt Government spending Government debt
2024 29.7% 76.2% 27.1% 39.1%
2023 28.8% 79.1% 26% 42.3%
2022 30.9% 83.3% 28.6% 45.9%
2021 36.7% 89% 30% 48.4%
2020 36.2% 72.9% 28.9% 49.2%
2019 30.8% 49.7% 27.7% 44.2%
2018 31.8% 44.8% 27.7% 39.1%
2017 27.3% 42.2% 27.3% 34.7%
2016 31.4% 43.6% 26.8% 30.9%
2015 29.8% 43% 25.4% 28.9%
2014 29.1% 44.5% 24.6% 28.7%
2013 25.1% 45.8% 24.2% 28.8%
2012 25.5% 47.7% 24.1% 27.9%
2011 25.3% 48.6% 23.5% 28.8%
2010 24.8% 51.8% 22.6% 30.3%
2009 26.2% 51.5% 22.7% 29.3%
2008 22.6% 47.5% 21.9% 26%
2007 23.3% 46% 21.5% 30.9%
2006 24.8% 49.2% 21.4% 51.2%
2005 23.3% 44% 21.3% 66.6%
2004 24% 44.5% 20.8% 84%
2003 25.8% 44.9% 20.9% 109.5%
2002 27.4% 43.4% 18.7% 110.4%
2001 26.4% 41% 19.2% 87.5%
2000 24.8% 36.9% 20.6% 95.2%
1999 23.2% 32.7% 22.1% 99.8%
1998 26.8% 36.6% 18.5% 86.5%
1997 29.1% 54.1% 17.9% 86.4%
1996 26.4% 48.8% 18% -
1995 23.2% 48.4% 17.7% -
1994 24.3% 47.6% 18.4% -
1993 25.7% 44.3% 18.4% -
1992 25.8% 42.2% 18.4% -
1991 - - 16.8% -
1990 - - 28.2% -
1989 - - - -
1988 - - 24.8% -
1987 - - - 266.6%
1986 - - 26.1% 159.2%
1985 - - 29.9% 218%
1984 - - 31.9% 198%
1983 - - 33.8% 211.6%
1982 - - 49.4% 159.1%
1981 - - 39.3% 149.1%
1980 - - 30.4% 152.1%
1979 - - 20.7% 116.3%
1978 - - 17.7% 76.9%
1977 - - 19.9% 62.7%
1976 - - 16.2% 59.5%
1975 - - 17.5% 57.8%
1974 - - 15.3% 40%
1973 - - 12.8% 32.9%
1972 - - 15.1% 30.2%
1971 - - 15.1% 31.6%
1970 - - 13.2% 35.4%
1969 - - 11.1% -
1968 - - 10.9% -
1967 - - 12.7% -
1966 - - 12.2% -
1965 - - 10.9% -
1964 - - 10.2% -
1963 - - 10.5% -
1962 - - 10.6% -
1961 - - 9.93% -
1960 - - 11.2% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

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

In 2024, Fiji's government spending was $1.77B, accounting for 29.7% of its GDP, while Nicaragua spent $5.34B, or 27.1% of GDP.

Debt-to-GDP ratio is 76.2% in Fiji and 39.1% in Nicaragua, ranking 47/185 and 136/185, respectively.

Government deficit by year

Deficit/surplus
Fiji

Nicaragua
1x
Year Deficit/surplus, % of GDP
Fiji Nicaragua
2024 -3.36% 2.48%
2023 -6.82% 2.31%
2022 -11.2% 0.65%
2021 -14.6% -1.26%
2020 -9.24% -2.57%
2019 -3.67% -1.12%
2018 -4.72% -4.35%
2017 -2.22% -1.75%
2016 -5.58% -1.92%
2015 -3.8% -1.64%
2014 -3.36% -0.89%
2013 -0.08% -0.3%
2012 -0.67% 0.22%
2011 -0.69% 0.59%
2010 -1.26% 0.69%
2009 -2.76% -0.9%
2008 1.54% 0.27%
2007 0.35% 1.88%
2006 -0.74% 1.36%
2005 -1.14% 1.72%
2004 -0.95% 1.69%
2003 -3.34% 1.3%
2002 -3.58% 2.07%
2001 -4.4% 0.34%
2000 -1.37% 2.15%
1999 1.1% -6.86%
1998 5.21% -2.88%
1997 -4.48% -3.31%
1996 -3.35% -5%
1995 0.77% -4.62%
1994 -0.19% -5.79%
1993 -1.83% -4.66%
1992 -2.14% -3.8%
1991 - -3.45%
1990 - -15.2%
1989 - -
1988 - -22.4%
1987 - -
1986 - -7.33%
1985 - -11.3%
1984 - -11.8%
1983 - -15.6%
1982 - -20.2%
1981 - -10.6%
1980 - -6.53%
1979 - -5.89%
1978 - -4.44%
1977 - -5.91%
1976 - -2.2%
1975 - -3.53%
1974 - -1.41%
1973 - 1.21%
1972 - -2.61%
1971 - -2.33%
1970 - -2.69%
1969 - -1.57%
1968 - -1.21%
1967 - -2.11%
1966 - -1.04%
1965 - 0.3%
1964 - 0.2%
1963 - 0.75%
1962 - -0.29%
1961 - 0.04%
1960 - -1.28%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

GeoRank.org/economy/fiji/nicaragua | 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 Nicaragua's surplus of $489M, or 2.48% of GDP.

Over the past 33 years, Fiji recorded a fiscal deficit in 28 of those years, while Nicaragua ran a deficit in 18 years. On average, Fiji posted an annual deficit equal to 2.81% of GDP, compared to deficit of 1.03% of GDP for Nicaragua.

Inflation comparison by year

Inflation
Fiji

Nicaragua
1x
Year Consumer prices inflation
Fiji Nicaragua
2024 4.51% 4.6%
2023 2.34% 8.4%
2022 4.32% 10.5%
2021 0.16% 4.9%
2020 -2.6% 3.7%
2019 1.77% 5.4%
2018 4.08% 4.9%
2017 3.35% 3.9%
2016 3.86% 3.5%
2015 1.37% 4%
2014 0.52% 6%
2013 2.91% 7.1%
2012 3.42% 7.2%
2011 7.28% 8.1%
2010 3.69% 5.5%
2009 3.13% 3.7%
2008 7.73% 19.8%
2007 4.8% 11.1%
2006 2.49% 9.1%
2005 2.37% 9.6%
2004 2.83% 8.5%
2003 4.17% 5.3%
2002 0.76% 3.8%
2001 4.27% 7.4%
2000 1.09% 11.5%
1999 1.97% 11.2%
1998 5.71% 13%
1997 3.37% 9.2%

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/nicaragua | CC BY

Over the past 28 years, Fiji has recorded an average annual inflation rate of 3.06%, compared with 7.53% in Nicaragua. In 2024, inflation was 4.51% in Fiji and 4.6% in Nicaragua.

Balance of trade

Fiji Nicaragua
Current account balance
-$866M
2022
$818M
2024
Current account balance ranking
120/190
2022
55/190
2024
Current account balance, % of GDP
-17.4%
2022
+4.15%
2024
Goods imports
$2.68B
2022
$10.1B
2024
Goods exports
$1.05B
2022
$6.84B
2024
Service imports
$754M
2022
$1.31B
2024
Service exports
$1.33B
2022
$1.3B
2024
Imports of goods and services, % of GDP
69.2%
2023
58.1%
2024
Exports of goods and services, % of GDP
57%
2023
40.5%
2024

Economic freedom indices

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

Fiji Nicaragua
Economic freedom 59.5 53.6
Economic freedom ranking 103/197 139/197
Property rights 59.9 23.8
Government integrity 55.4 13.4
Judicial effectiveness 53.2 8.8
Tax burden 87.8 74.5
Government spending 70 77.7
Fiscal health 7.5 96.9
Business freedom 69.5 54.4
Labor freedom 66.9 47.3
Monetary freedom 72.4 69.4
Trade freedom 66.6 67
Investment freedom 55 60
Financial freedom 50 50

Economic freedom comparison by year

Fiji
Nicaragua
1x
Year Economic freedom index
Fiji Nicaragua
2026 59.5 53.6
2025 59.1 54
2024 58 53.4
2023 58 54.9
2022 56.4 54.8
2021 62.2 56.3
2020 63.4 57.2
2019 62.2 57.7
2018 62 58.9
2017 63.4 59.2
2016 58.8 58.6
2015 59 57.6
2014 58.7 58.4
2013 57.2 56.6
2012 57.3 57.9
2011 60.4 58.8
2010 60.3 58.3
2009 61 59.8
2008 61.8 60.8
2007 60.8 62.7
2006 58.4 63.8
2005 58.2 62.5
2004 58 61.4
2003 54.7 62.6
2002 53.9 61.1
2001 53.7 58
2000 57.8 56.9
1999 58.4 54
1998 58.2 53.8
1997 58 53.3
1996 57.4 54.1
1995 54.7 42.5

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

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

The Economic Freedom Index for Fiji is 59.5, ranking 103/197, compared to 53.6 for Nicaragua, ranking 139/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Fiji Nicaragua
Services, % of GDP
54.6%
2024
46.8%
2024
Industry, % of GDP
16.5%
2024
27.6%
2024
Agriculture, forestry, and fishing, % of GDP
13.2%
2024
14.4%
2024
GNI, Atlas method
$5.4B
2024
$17.4B
2024
GNI per capita, PPP
$14,490
2024
$8,270
2024
Total reserves including gold
$1.6B
2024
$6.1B
2024
Total reserves ranking
133/177
2024
91/177
2024
Net foreign direct investment
-$86.9M
2022
-$1.28B
2024
Net inflows of foreign direct investment
$204M
2024
$1.35B
2024
Net outflows of foreign direct investment
$25.6M
2024
$73.8M
2024
Servicing debt to the IMF, % of GNI
4.36%
2024
9.74%
2024
Poverty at national poverty lines
31%
2020
24.9%
2016
Gross capital formation, % of GDP
19.7%
2023
24.7%
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/nicaragua | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1992–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, 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.