Fiji vs Palau: Economic Indicators Comparison

Fiji with a GDP of $5.5B ranked the 152nd largest economy in the world, while Palau ranked 192nd with $284M. By GDP per capita, Fiji and Palau ranked 98th vs 60th, respectively.

Gross Domestic Product & Income

Stat	Fiji	Palau
GDP	$5.5B	$284M
GDP growth, 1 year	3.2%	1.71%
GDP growth, 5-years average	3.3%	N/A
Population	906k	22k
GDP per capita	$6.3k	$16k
GDP per capita growth	2.82%	1.14%
Purchasing Power Parity conversion factor	1.2	0.86
Price level ratio of PPP conversion factor GDP to market exchange rate	0.58	0.86
GDP per capita, PPP adjusted	$10k	$19k
GNI, Atlas method	$5.2B	$309.4M
GNI per capita	$5.9k	$17k
GNI, PPP adjusted	$9B	$349.4M
GNI per capita, PPP adjusted	$10k	$20k

Financial system and Human development

Stat	Fiji	Palau
Income Tax Rate	29%	N/A
Corporate Tax Rate	20%	N/A
Inflation, consumer prices	4.1%	1.3%
Inflation, GDP deflator	0.9%	-2.5%
Unemployment	4.2%	1.4%
Economic Freedom Index	63.4	62
Personal Freedom Index	7.89	6.4
Human Freedom Index	7.46	6.4
Property Rights Index	69.9	N/A
Judical Effectiveness Index	42.6	N/A
Business Freedom Index	62.6	N/A
Fiscal Health Index	84.2	N/A
Labor Freedom Index	76.2	N/A
Investment Freedom Index	55	N/A
Financial Freedom Index	50	N/A
Trade Freedom Index	52.8	N/A
Monetary Freedom Index	72.5	N/A
Government Spending Index	68.9	N/A
Tax Burden Index	80.5	N/A
Government Integrity Index	45.6	N/A
Corruption Perceptions Index	58	49
Life expectancy at birth, years	67.3	69.1
Suicide mortality rate, per 100,000 people	5	21.7
Mortality caused by road traffic injury, per 100,000 people	9.6	4.8
Intentional homicides, per 100,000 people	2.3	3.1
International tourism, number of arrivals	870k	106k

Government debt & reserves

Stat	Fiji	Palau
Central government debt, % of GDP	49.7%	67.5%
External debt stocks, % of GNI	16.7%	N/A
External debt stocks	$851.8M	N/A
Short-term debt, % of total reserves	4.7%	N/A
Total debt service, % of exports and primary income	2%	N/A
Adjusted net savings including particulate emission damage, % of GNI	8.1%	N/A
Gross savings, % of GDP	N/A	10.7%
Gross capital formation, % of GDP	N/A	26.7%
Total reserves including gold	$947.7M	N/A
Foreign direct investment net inflows	$468.8M	$21.5M

Exports, imports and economic structure

Stat	Fiji	Palau
Exports of goods and services, % of GDP	N/A	47%
Imports of goods and services, % of GDP	N/A	76.3%
Current account balance (balance of payments)	-$470.1M	-$51.8M
Revenue excluding grants, % of GDP	26.4%	27.3%
Grants excluding technical cooperation, BoP	$65.9M	$81.2M
Personal remittances received	$284.7M	$2.2M
Industry including construction value added, % of GDP	15.6%	8%
Agriculture, forestry and fishing value added, % of GDP	10.7%	3.2%
Charges for the use of intellectual property, payments BoP	$6.7M	N/A
Charges for the use of intellectual property, receipts BoP	$861k	N/A
Expense, % of GDP	28.3%	41.4%
Government Expenditure, % of GDP	32.2%	N/A