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Economy of Fiji vs Panama compared: GDP & Debt

Updated on by Georank

Fiji has a GDP of $6.2B compared to $90.5B for Panama, ranking 161/197 and 82/197 by economy size, respectively.

Fiji has $4.88B in government debt (78.7% of GDP), compared to $51.2B (56.6% of GDP) in Panama.

Fiji vs Panama GDP by year

Fiji
Panama
1x
Year GDP, current $
Fiji Panama
2025 $6,198,013,062 $90,462,600,000
2024 $5,968,125,909 $86,523,959,100
2023 $5,476,673,518 $83,812,155,200
2022 $4,977,861,886 $76,479,304,500
2021 $4,158,873,156 $67,396,392,500
2020 $4,227,719,873 $57,059,846,500
2019 $5,344,907,153 $69,778,991,200
2018 $5,581,425,327 $67,316,471,200
2017 $5,353,469,174 $64,327,688,800
2016 $4,930,213,644 $59,760,858,700
2015 $4,682,479,894 $55,767,806,100
2014 $4,857,104,769 $51,427,104,900
2013 $4,189,967,999 $46,949,496,500
2012 $3,972,028,104 $41,595,439,700
2011 $3,779,411,899 $35,687,738,300
2010 $3,140,166,713 $30,231,009,500
2009 $2,870,624,636 $27,791,215,500
2008 $3,523,185,920 $25,721,328,000
2007 $3,378,314,600 $21,717,433,800
2006 $3,076,305,453 $18,659,721,500
2005 $2,980,403,845 $16,623,906,700
2004 $2,708,078,477 $15,100,203,400
2003 $2,300,492,465 $13,603,456,000
2002 $1,833,279,985 $12,800,851,300
2001 $1,652,462,023 $12,252,906,300
2000 $1,678,219,508 $11,966,497,000
1999 $1,936,459,986 $11,660,704,800
1998 $1,653,146,717 $11,019,557,700
1997 $2,090,221,137 $10,058,854,400
1996 $2,128,696,644 $9,197,503,300
1995 $1,970,301,486 $9,573,813,700
1994 $1,825,732,093 $9,365,289,800
1993 $1,636,101,247 $8,782,585,400
1992 $1,532,411,039 $8,042,337,700
1991 $1,383,883,250 $7,074,675,500
1990 $1,337,017,559 $6,433,967,000
1989 $1,182,660,266 $5,918,469,800
1988 $1,110,009,523 $5,902,783,400
1987 $1,177,947,965 $6,827,665,300
1986 $1,290,267,340 $6,797,834,200
1985 $1,141,168,944 $6,541,517,100
1984 $1,178,000,678 $6,183,387,100
1983 $1,123,085,190 $5,923,755,900
1982 $1,194,059,943 $5,769,767,900
1981 $1,235,626,771 $5,222,421,500
1980 $1,202,618,816 $4,614,086,400
1979 $1,019,691,460 $3,704,551,600
1978 $829,267,889 $3,244,558,600
1977 $719,501,766 $2,738,261,900
1976 $694,540,806 $2,588,106,000
1975 $684,282,434 $2,435,304,100
1974 $558,587,097 $2,188,307,600
1973 $425,950,488 $1,913,793,400
1972 $316,656,649 $1,673,411,700
1971 $247,749,328 $1,523,917,200
1970 $219,878,482 $1,351,006,400
1969 $182,182,068 $1,221,305,700
1968 $166,952,937 $1,112,791,100
1967 $162,625,886 $1,034,376,400
1966 $150,603,926 $928,833,000
1965 $147,084,750 $852,485,300
1964 $140,032,741 $776,137,500
1963 $129,454,729 $722,784,500
1962 $122,906,435 $652,120,900
1961 $116,987,785 $599,026,300
1960 $112,328,422 $537,147,100

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Fiji vs Panama by year

Fiji
GDP per capita

GDP per capita, PPP
Panama
GDP per capita

GDP per capita, PPP
1x
Year Current $
Fiji Panama
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $6,642 - $19,790 -
2024 $6,426 $15,450 $19,161 $41,369
2023 $5,926 $14,644 $18,797 $39,813
2022 $5,414 $12,982 $17,379 $36,333
2021 $4,537 $10,322 $15,510 $30,933
2020 $4,621 $10,716 $13,291 $27,017
2019 $5,842 $12,978 $16,478 $33,240
2018 $6,085 $12,984 $16,151 $32,464
2017 $5,827 $12,585 $15,695 $33,533
2016 $5,364 $11,766 $14,832 $30,277
2015 $5,098 $11,519 $14,083 $27,245
2014 $5,293 $10,516 $13,213 $24,376
2013 $4,572 $8,842 $12,273 $21,924
2012 $4,341 $8,204 $11,065 $19,473
2011 $4,140 $7,672 $9,662 $17,474
2010 $3,449 $7,339 $8,331 $15,573
2009 $3,164 $7,068 $7,797 $14,766
2008 $3,900 $7,154 $7,348 $14,705
2007 $3,763 $6,990 $6,318 $13,333
2006 $3,455 $6,921 $5,529 $11,685
2005 $3,378 $6,652 $5,018 $10,511
2004 $3,097 $6,463 $4,645 $9,592
2003 $2,656 $6,033 $4,265 $8,801
2002 $2,137 $5,914 $4,091 $8,370
2001 $1,945 $5,699 $3,992 $8,197
2000 $1,996 $5,521 $3,975 $8,097
1999 $2,328 $5,552 $3,950 $7,749
1998 $2,010 $5,090 $3,808 $7,408
1997 $2,574 $5,031 $3,546 $6,895
1996 $2,648 $5,109 $3,308 $6,421
1995 $2,467 $4,818 $3,514 $6,182
1994 $2,297 $4,627 $3,508 $6,073
1993 $2,070 $4,334 $3,358 $5,902
1992 $1,951 $4,172 $3,140 $5,582
1991 $1,775 $3,873 $2,821 $5,150
1990 $1,729 $3,882 $2,620 $4,651
1989 $1,543 - $2,462 -
1988 $1,463 - $2,509 -
1987 $1,569 - $2,966 -
1986 $1,745 - $3,019 -
1985 $1,577 - $2,972 -
1984 $1,667 - $2,875 -
1983 $1,628 - $2,819 -
1982 $1,773 - $2,811 -
1981 $1,879 - $2,605 -
1980 $1,873 - $2,357 -
1979 $1,627 - $1,938 -
1978 $1,355 - $1,738 -
1977 $1,204 - $1,503 -
1976 $1,186 - $1,457 -
1975 $1,188 - $1,406 -
1974 $984 - $1,296 -
1973 $762 - $1,164 -
1972 $575 - $1,046 -
1971 $458 - $979 -
1970 $414 - $893 -
1969 $350 - $830 -
1968 $327 - $778 -
1967 $326 - $745 -
1966 $310 - $689 -
1965 $311 - $651 -
1964 $306 - $611 -
1963 $291.4 - $587 -
1962 $285.5 - $546 -
1961 $280.3 - $516 -
1960 $277.4 - $477 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Fiji's GDP per capita is $6,642, ranking 106/197, compared to $19,790 in Panama, ranking 62/197. Adjusted for purchasing power (GDP per capita PPP), Fiji ranks 113th at $15,450, while Panama ranks 56th at $41,369.

Economic indicators

Fiji Panama
Gross domestic product
$6.2B
2025
$90.5B
2025
GDP rank
161/197
2025
82/197
2025
GDP growth
3.2%
2024-2025
4.35%
2024-2025
GDP per capita
$6,642
2025
$19,790
2025
GDP per capita rank
106/197
2025
62/197
2025
GDP per capita, PPP
$15,450
2024
$41,369
2024
GDP per capita PPP rank
113/197
2024
56/197
2024
Government debt
$4.88B
2025
$51.2B
2025
Debt-to-GDP ratio
78.7%
2025
56.6%
2025
Government debt per person
$5,227
2025
$11,198
2025
Government debt per person rank
82/185
2025
56/185
2025
Average annual personal income after taxes
$4,553
2026
$11,056
2026
Market capitalization of domestic companies n/a
$27.2B
2025
Income share by richest 10%
24.2%
2019
37.6%
2024
Income share by poorest 10%
3.5%
2019
1.2%
2024
Government expenditure, % of GDP
31.5%
2025
20.9%
2025
Consumer prices inflation
-1.38%
2024-2025
-0.19%
2024-2025
Central bank interest rate
0.25%
2020
n/a
Unemployment rate
5.36%
2024
8.31%
2025
Population
939479
4654479

Spending and national debt comparison by year

Fiji
Spending

Debt
Panama
Spending

Debt
1x
Year % of GDP
Fiji Panama
Government spending Government debt Government spending Government debt
2025 31.5% 78.7% 20.9% 56.6%
2024 30.8% 79.1% 23.1% 57.8%
2023 30.2% 82.9% 21.4% 54.4%
2022 33.9% 91.5% 21.3% 56.2%
2021 35.8% 86.7% 23.7% 58%
2020 32.7% 65.8% 27% 62.4%
2019 30.7% 49.5% 20.5% 42.5%
2018 32.5% 45.8% 21.7% 36.3%
2017 28.1% 43.4% 21.1% 34.3%
2016 32.1% 44.6% 21.3% 34%
2015 30.6% 44.3% 21.4% 34.1%
2014 30.2% 46.2% 22.9% 32.9%
2013 25.9% 47.4% 23.6% 30.8%
2012 26% 48.6% 23% 31.3%
2011 26.5% 51% 23.7% 35.9%
2010 25.5% 53.4% 24.4% 38.5%
2009 26.2% 51.5% 22.9% 39.5%
2008 22.8% 47.9% 23% 40.6%
2007 23.5% 46.4% 22.2% 48.2%
2006 25.4% 50.3% 22.4% 56.1%
2005 24% 45.3% 23.2% 61.5%
2004 24.7% 45.9% 24.4% 61.5%
2003 26.7% 46.4% 25.7% 59.9%
2002 28.1% 44.5% 25.1% 60.9%
2001 27% 41.9% 25.2% 62.1%
2000 24.2% 35.9% 24.7% 58%
1999 24.6% 34.7% 25.2% 60.4%
1998 27.7% 37.9% 25.9% 64.3%
1997 29.2% 54.4% 24.8% 67.3%
1996 27.2% 50.3% 24.3% 73.6%
1995 23.5% 49.1% 29.3% 86.7%
1994 24.9% 48.8% 28.5% 88.7%
1993 26.7% 45.9% 33.8% 83.6%
1992 27.1% 44.3% 27.8% 91.2%
1991 - - 20.9% 103.7%
1990 - - 41.5% 112.7%
1989 - - 43% 104.4%
1988 - - 41.8% 105%
1987 - - 40.1% 92.2%
1986 - - 38.6% 84%
1985 - - 39.7% 82.5%
1984 - - 44% 82.5%
1983 - - 44.6% 86.6%
1982 - - 48% 80.9%
1981 - - 30.7% 68.7%
1980 - - 30.5% 69.4%
1979 - - 35% 78.9%
1978 - - 27.6% 83.1%
1977 - - 16.9% 77.7%
1976 - - 15.9% 69.7%
1975 - - 15.3% 52.6%
1974 - - 15.3% 37.6%
1973 - - 14.4% 32.6%
1972 - - 15.6% 29.5%
1971 - - 15% 26.2%
1970 - - 22.4% 25.7%
1969 - - 20.5% 23.2%
1968 - - 14.2% 18%
1967 - - 14.9% 17.8%
1966 - - 14% 17.9%
1965 - - 13.2% 18.7%
1964 - - 14.1% 20%
1963 - - 19.1% 22.6%
1962 - - 16.4% 19.8%
1961 - - 18.9% 20.5%
1960 - - 16.6% 21%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1993, retrieved 2026-07-08).

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

In 2025, Fiji's government spending was $1.95B, accounting for 31.5% of its GDP, while Panama spent $18.9B, or 20.9% of GDP.

Debt-to-GDP ratio is 78.7% in Fiji and 56.6% in Panama, ranking 45/185 and 84/185, respectively.

Government deficit by year

Deficit/surplus
Fiji

Panama
1x
Year Deficit/surplus, % of GDP
Fiji Panama
2025 -2.46% -3.67%
2024 -3.44% -6.23%
2023 -7.15% -3.9%
2022 -12.3% -3.98%
2021 -14.2% -6.45%
2020 -8.34% -9.68%
2019 -3.65% -2.74%
2018 -4.82% -2.76%
2017 -2.28% -1.8%
2016 -5.7% -1.76%
2015 -3.91% -2.17%
2014 -3.48% -3.04%
2013 -0.08% -2.4%
2012 -0.68% -1.32%
2011 -0.72% -1.97%
2010 -1.29% -1.69%
2009 -2.76% -0.91%
2008 1.56% 0.38%
2007 0.36% 3.17%
2006 -0.76% 0.53%
2005 -1.18% -2.29%
2004 -0.98% -4.54%
2003 -3.46% -2.41%
2002 -3.68% -1.03%
2001 -4.5% -0.45%
2000 -1.33% 2.22%
1999 1.17% -0.71%
1998 5.4% -1.23%
1997 -4.5% 1.39%
1996 -3.46% 2.81%
1995 0.78% 2.61%
1994 -0.2% 2.4%
1993 -1.9% -9.4%
1992 -2.25% -2.62%
1991 - -0.6%
1990 - -3.65%
1989 - -13.6%
1988 - -13.5%
1987 - -1.7%
1986 - -1%
1985 - -2.57%
1984 - -7.56%
1983 - -7.62%
1982 - -13.3%
1981 - -6.77%
1980 - -5.17%
1979 - -12.1%
1978 - -5.21%
1977 - -1.61%
1976 - -2.65%
1975 - -0.74%
1974 - -0.6%
1973 - -0.01%
1972 - -1.17%
1971 - -0.51%
1970 - -8.02%
1969 - -7.56%
1968 - -1.5%
1967 - -1.97%
1966 - -1.18%
1965 - -1.17%
1964 - -2.51%
1963 - -6.71%
1962 - -3.01%
1961 - -5.45%
1960 - -3.05%
1959 - -3.79%
1958 - -1.62%
1957 - -0.89%
1956 - -3.69%
1955 - -1.33%
1954 - -0.2%
1953 - -0.55%
1952 - -3.84%
1951 - -2.54%
1950 - -3.89%
1949 - -1%
1948 - -1.21%
1947 - -1.94%
1946 - -3.19%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1946–1993, retrieved 2026-07-08).

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

In 2025, Fiji's government deficit, the difference between spending and revenue, was $153M, equivalent to 2.46% of GDP. This compares to Panama's deficit of $3.32B, or 3.67% of GDP.

Over the past 34 years, Fiji recorded a fiscal deficit in 29 of those years, while Panama ran a deficit in 26 years. On average, Fiji posted an annual deficit equal to 2.83% of GDP, compared to deficit of 1.93% of GDP for Panama.

Inflation comparison by year

Inflation
Fiji

Panama
1x
Year Consumer prices inflation
Fiji Panama
2025 -1.38% -0.19%
2024 3.89% 0.69%
2023 2.98% 1.49%
2022 6.08% 2.86%
2021 1.53% 1.63%
2020 -1.7% -1.55%
2019 1.79% -0.36%
2018 4.08% 0.76%
2017 3.35% 0.88%
2016 3.86% 0.74%
2015 1.37% 0.14%
2014 0.52% 2.63%
2013 2.91% 4.03%
2012 3.42% 5.7%
2011 7.28% 5.88%
2010 3.69% 3.49%
2009 3.13% 2.41%
2008 7.73% 8.76%
2007 4.8% 4.17%
2006 2.49% 2.46%
2005 2.37% 2.86%
2004 2.83% 0.47%
2003 4.17% 0.39%
2002 0.76% 1.01%
2001 4.27% 0.31%
2000 1.09% 1.5%
1999 1.97% 1.25%
1998 5.71% 0.56%
1997 3.37% 1.32%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Fiji has recorded an average annual inflation rate of 3.05%, compared with 1.94% in Panama. In 2025, inflation was -1.38% in Fiji and -0.19% in Panama.

Top exports between countries

Fiji
Export category Export value
Processed food, beverages & tobacco $45K
Machinery & equipment $1K
Miscellaneous $1K
Panama
Export category Export value

Balance of trade

Fiji Panama
Current account balance
-$464M
2024
-$169M
2025
Current account balance ranking
104/190
2024
91/190
2025
Current account balance, % of GDP
-7.78%
2024
-0.19%
2025
Goods imports
$2.86B
2024
$28.2B
2025
Goods exports
$1.13B
2024
$18.6B
2025
Service imports
$996M
2024
$5.91B
2025
Service exports
$2.12B
2024
$20.2B
2025
Imports of goods and services, % of GDP
64.6%
2024
39.3%
2024
Exports of goods and services, % of GDP
54.4%
2024
44.4%
2024

Economic freedom indices

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

Fiji Panama
Economic freedom 59.5 64.9
Economic freedom ranking 103/197 70/197
Property rights 59.9 56.7
Government integrity 55.4 37.4
Judicial effectiveness 53.2 49.6
Tax burden 87.8 86.1
Government spending 70 85.5
Fiscal health 7.5 51.8
Business freedom 69.5 72.6
Labor freedom 66.9 60.9
Monetary freedom 72.4 78.2
Trade freedom 66.6 80.2
Investment freedom 55 60
Financial freedom 50 60

Economic freedom comparison by year

Fiji
Panama
1x
Year Economic freedom index
Fiji Panama
2026 59.5 64.9
2025 59.1 65.5
2024 58 64.1
2023 58 63.8
2022 56.4 65.4
2021 62.2 66.2
2020 63.4 67.2
2019 62.2 67.2
2018 62 67
2017 63.4 66.3
2016 58.8 64.8
2015 59 64.1
2014 58.7 63.4
2013 57.2 62.5
2012 57.3 65.2
2011 60.4 64.9
2010 60.3 64.8
2009 61 64.7
2008 61.8 64.7
2007 60.8 64.6
2006 58.4 65.6
2005 58.2 64.3
2004 58 65.3
2003 54.7 68.4
2002 53.9 68.5
2001 53.7 70.6
2000 57.8 71.6
1999 58.4 72.6
1998 58.2 72.6
1997 58 72.4
1996 57.4 71.8
1995 54.7 71.6

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Fiji is 59.5, ranking 103/197, compared to 64.9 for Panama, ranking 70/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Fiji Panama
Services, % of GDP
57%
2025
70%
2025
Industry, % of GDP
13.9%
2025
24.9%
2025
Agriculture, forestry, and fishing, % of GDP
14%
2025
2.62%
2025
GNI, Atlas method
$5.81B
2025
$87.5B
2025
GNI per capita, PPP
$15,360
2025
$41,770
2025
Total reserves including gold
$1.66B
2025
$6.24B
2025
Total reserves ranking
130/177
2025
93/177
2025
Net foreign direct investment
-$178M
2024
-$1.81B
2025
Net inflows of foreign direct investment
$204M
2024
$2.09B
2024
Net outflows of foreign direct investment
$25.6M
2024
$84.3M
2024
Servicing debt to the IMF, % of GNI
4.36%
2024
n/a
Poverty at national poverty lines
31%
2020
21.7%
2023
Gross capital formation, % of GDP
20.9%
2024
33.5%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1992–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1946–1993, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2020–2023, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-07-08)

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.