Fiji vs Norway: Economic Indicators Comparison

Norway with a GDP of $434.2B ranked the 30th largest economy in the world, while Fiji ranked 152nd with $5.5B. By GDP 5-years average growth and GDP per capita, Norway and Fiji ranked 142nd vs 78th and 5th vs 98th, respectively.

Gross Domestic Product & Income

StatFijiNorway
GDP$5.5B$434.2B
GDP growth, 1 year3.2%1.4%
GDP growth, 5-years average3.3%1.7%
Population906k5.4M
GDP per capita$6.3k$82k
GDP per capita growth2.82%0.58%
Purchasing Power Parity conversion factor1.210.14
Price level ratio of PPP conversion factor GDP to market exchange rate0.581.25
GDP per capita, PPP adjusted$10k$74k
GNI, Atlas method$5.2B$428.4B
GNI per capita$5.9k$81k
GNI, PPP adjusted$9B$363B
GNI per capita, PPP adjusted$10k$68k

Financial system and Human development

StatFijiNorway
Income Tax Rate29%47.8%
Corporate Tax Rate20%22%
Inflation, consumer prices4.1%2.8%
Inflation, GDP deflator0.9%5.8%
Unemployment4.2%3.9%
Economic Freedom Index63.473.4
Personal Freedom Index7.899.55
Human Freedom Index7.468.61
Property Rights Index69.984.3
Judical Effectiveness Index42.682.8
Business Freedom Index62.686.1
Fiscal Health Index84.297.3
Labor Freedom Index76.257.4
Investment Freedom Index5575
Financial Freedom Index5060
Trade Freedom Index52.883.8
Monetary Freedom Index72.574.8
Government Spending Index68.925.6
Tax Burden Index80.557.7
Government Integrity Index45.695.6
Corruption Perceptions Index5884
Life expectancy at birth, years67.382.5
Suicide mortality rate, per 100,000 people512.2
Mortality caused by road traffic injury, per 100,000 people9.62.7
Intentional homicides, per 100,000 people2.30.5
International tourism, number of arrivals870k5.7M

Government debt & reserves

StatFijiNorway
Central government debt, % of GDP49.7%36.8%
External debt stocks, % of GNI16.7%N/A
External debt stocks$851.8MN/A
Short-term debt, % of total reserves4.7%N/A
Total debt service, % of exports and primary income2%N/A
Adjusted net savings including particulate emission damage, % of GNI8.1%16.9%
Gross savings, % of GDPN/A35.9%
Gross capital formation, % of GDPN/A27.3%
Total reserves including gold$947.7M$63.1B
Foreign direct investment net inflows$468.8M-$17.4B

Exports, imports and economic structure

StatFijiNorway
Exports of goods and services, % of GDPN/A38.4%
Imports of goods and services, % of GDPN/A32.6%
Current account balance (balance of payments)-$470.1M$31.4B
Revenue excluding grants, % of GDP26.4%47.4%
Grants excluding technical cooperation, BoP$65.9MN/A
Personal remittances received$284.7M$644.3M
Industry including construction value added, % of GDP15.6%32%
Agriculture, forestry and fishing value added, % of GDP10.7%1.9%
Charges for the use of intellectual property, payments BoP$6.7M$768.9M
Charges for the use of intellectual property, receipts BoP$861k$515.2M
Expense, % of GDP28.3%37.7%
Government Expenditure, % of GDP32.2%49.8%

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

Norway vs

CountryGDP
per capita
Population
Monaco
$186k
38.7k
Liechtenstein
$165k
37.9k
Luxembourg
$117k
626k
Switzerland
$83k
8.47M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.64M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k