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Economy of Fiji vs Portugal compared: GDP & Debt

Updated on by Georank team

Fiji has a GDP of $5.97B compared to $313B for Portugal, ranking 161/197 and 46/197 by economy size, respectively.

Fiji has $4.54B in government debt (76.2% of GDP), compared to $297B (94.9% of GDP) in Portugal.

Fiji vs Portugal GDP by year

Fiji
Portugal
1x
Year GDP, current $
Fiji Portugal
2024 $5,968,125,909 $313,271,185,085
2023 $5,476,673,518 $292,323,800,949
2022 $4,977,861,886 $256,898,677,175
2021 $4,158,873,156 $256,055,879,091
2020 $4,227,719,873 $229,618,773,423
2019 $5,344,907,153 $240,115,970,063
2018 $5,581,425,327 $242,092,894,543
2017 $5,353,469,174 $220,862,990,767
2016 $4,930,213,644 $206,305,431,242
2015 $4,682,479,894 $199,038,523,120
2014 $4,857,104,769 $230,078,616,300
2013 $4,189,967,999 $226,677,408,292
2012 $3,972,028,104 $216,536,676,772
2011 $3,779,411,899 $245,426,767,676
2010 $3,140,166,713 $238,443,864,993
2009 $2,870,624,636 $244,667,762,836
2008 $3,523,185,920 $263,416,394,624
2007 $3,378,314,600 $240,496,147,317
2006 $3,076,305,453 $208,756,449,276
2005 $2,980,403,845 $197,253,876,705
2004 $2,708,078,477 $189,382,122,532
2003 $2,300,492,465 $165,226,175,537
2002 $1,833,279,985 $134,795,565,549
2001 $1,652,462,023 $121,604,107,165
2000 $1,678,219,508 $118,605,192,877
1999 $1,936,459,986 $127,470,385,557
1998 $1,653,146,717 $123,946,327,916
1997 $2,090,221,137 $117,016,535,163
1996 $2,128,696,644 $122,630,089,680
1995 $1,970,301,486 $118,122,007,430
1994 $1,825,732,093 $99,688,641,304
1993 $1,636,101,247 $95,009,751,901
1992 $1,532,411,039 $107,592,098,307
1991 $1,383,883,250 $89,233,599,278
1990 $1,337,017,559 $78,713,860,217
1989 $1,182,660,266 $60,594,092,182
1988 $1,110,009,523 $56,347,250,696
1987 $1,177,947,965 $48,182,925,857
1986 $1,290,267,340 $38,745,901,354
1985 $1,141,168,944 $27,115,807,742
1984 $1,178,000,678 $25,217,969,050
1983 $1,123,085,190 $27,239,650,742
1982 $1,194,059,943 $30,527,754,793
1981 $1,235,626,771 $31,977,276,873
1980 $1,202,618,816 $32,896,519,824
1979 $1,019,691,460 $26,622,819,672
1978 $829,267,889 $23,487,614,051
1977 $719,501,766 $21,439,523,311
1976 $694,540,806 $20,332,831,565
1975 $684,282,434 $19,347,607,843
1974 $558,587,097 $17,512,391,476
1973 $425,950,488 $15,090,564,186
1972 $316,656,649 $11,239,117,865
1971 $247,749,328 $9,201,604,240
1970 $219,878,482 $8,108,235,704
1969 $182,182,068 $7,287,555,035
1968 $166,952,937 $6,644,693,214
1967 $162,625,886 $6,002,607,030
1966 $150,603,926 $5,370,108,031
1965 $147,084,750 $4,901,711,248
1964 $140,032,741 $4,429,202,657
1963 $129,454,729 $4,084,251,593
1962 $122,906,435 $3,835,883,663
1961 $116,987,785 $3,573,719,085
1960 $112,328,422 $3,339,150,158

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

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

GDP per capita in Fiji vs Portugal by year

Fiji
GDP per capita

GDP per capita, PPP
Portugal
GDP per capita

GDP per capita, PPP
1x
Year Current $
Fiji Portugal
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,426 $15,450 $29,292 $51,680
2023 $5,926 $14,644 $27,635 $49,353
2022 $5,414 $12,982 $24,621 $45,250
2021 $4,537 $10,322 $24,711 $38,658
2020 $4,621 $10,716 $22,299 $35,967
2019 $5,842 $12,978 $23,343 $37,866
2018 $6,085 $12,984 $23,541 $34,897
2017 $5,827 $12,585 $21,442 $32,971
2016 $5,364 $11,766 $19,980 $31,589
2015 $5,098 $11,519 $19,216 $29,608
2014 $5,293 $10,516 $22,121 $28,765
2013 $4,572 $8,842 $21,676 $27,966
2012 $4,341 $8,204 $20,593 $26,476
2011 $4,140 $7,672 $23,247 $26,803
2010 $3,449 $7,339 $22,552 $27,292
2009 $3,164 $7,068 $23,151 $26,472
2008 $3,900 $7,154 $24,949 $26,666
2007 $3,763 $6,990 $22,811 $25,738
2006 $3,455 $6,921 $19,839 $24,677
2005 $3,378 $6,652 $18,780 $22,725
2004 $3,097 $6,463 $18,064 $21,476
2003 $2,656 $6,033 $15,798 $20,850
2002 $2,137 $5,914 $12,937 $20,357
2001 $1,945 $5,699 $11,735 $19,529
2000 $1,996 $5,521 $11,526 $18,883
1999 $2,328 $5,552 $12,475 $17,718
1998 $2,010 $5,090 $12,199 $16,688
1997 $2,574 $5,031 $11,576 $15,789
1996 $2,648 $5,109 $12,185 $14,922
1995 $2,467 $4,818 $11,781 $14,406
1994 $2,297 $4,627 $9,977 $13,578
1993 $2,070 $4,334 $9,535 $13,202
1992 $1,951 $4,172 $10,811 $13,182
1991 $1,775 $3,873 $8,959 $12,739
1990 $1,729 $3,882 $7,885 $11,780
1989 $1,543 - $6,056 -
1988 $1,463 - $5,624 -
1987 $1,569 - $4,804 -
1986 $1,745 - $3,862 -
1985 $1,577 - $2,705 -
1984 $1,667 - $2,523 -
1983 $1,628 - $2,735 -
1982 $1,773 - $3,080 -
1981 $1,879 - $3,246 -
1980 $1,873 - $3,368 -
1979 $1,627 - $2,756 -
1978 $1,355 - $2,457 -
1977 $1,204 - $2,267 -
1976 $1,186 - $2,173 -
1975 $1,188 - $2,128 -
1974 $984 - $2,000 -
1973 $762 - $1,748 -
1972 $575 - $1,302 -
1971 $458 - $1,065 -
1970 $414 - $934 -
1969 $350 - $832 -
1968 $327 - $752 -
1967 $326 - $676 -
1966 $310 - $601 -
1965 $311 - $545 -
1964 $306 - $490 -
1963 $291.4 - $452 -
1962 $285.5 - $426 -
1961 $280.3 - $400 -
1960 $277.4 - $377 -

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

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

Fiji's GDP per capita is $6,426, ranking 108/197, compared to $29,292 in Portugal, ranking 44/197. Adjusted for purchasing power (GDP per capita PPP), Fiji ranks 113th at $15,450, while Portugal ranks 42nd at $51,680.

Economic indicators

Fiji Portugal
Gross domestic product
$5.97B
2024
$313B
2024
GDP rank
161/197
2024
46/197
2024
GDP growth
3.53%
2023-2024
2.14%
2023-2024
GDP per capita
$6,426
2024
$29,292
2024
GDP per capita rank
108/197
2024
44/197
2024
GDP per capita, PPP
$15,450
2024
$51,680
2024
GDP per capita PPP rank
113/197
2024
42/197
2024
Government debt
$4.54B
2024
$297B
2024
Debt-to-GDP ratio
76.2%
2024
94.9%
2024
Government debt per person
$4,893
2024
$27,807
2024
Government debt per person rank
80/185
2024
27/185
2024
Average annual personal income after taxes
$6,964
2026
$16,747
2026
Market capitalization of domestic companies n/a
$61.9B
2018
Number of millionaires n/a
171,797
2025
Number of billionaires n/a
1
2025
Income share by richest 10%
24.2%
2019
26.9%
2023
Income share by poorest 10%
3.5%
2019
2.7%
2023
Government expenditure, % of GDP
29.7%
2024
42.8%
2024
Consumer prices inflation
4.51%
2023-2024
2.42%
2023-2024
Central bank interest rate
0.25%
2020
n/a
Unemployment rate
5.36%
2024
6.43%
2024
Population
938628
10667081

Spending and national debt comparison by year

Fiji
Spending

Debt
Portugal
Spending

Debt
1x
Year % of GDP
Fiji Portugal
Government spending Government debt Government spending Government debt
2024 29.7% 76.2% 42.8% 94.9%
2023 28.8% 79.1% 42.3% 97.7%
2022 30.9% 83.3% 43.9% 111.2%
2021 36.7% 89% 47.3% 123.9%
2020 36.2% 72.9% 49.1% 134.1%
2019 30.8% 49.7% 42.5% 116.1%
2018 31.8% 44.8% 43.3% 121.1%
2017 27.3% 42.2% 45.5% 126%
2016 31.4% 43.6% 44.9% 131.2%
2015 29.8% 43% 48.2% 131%
2014 29.1% 44.5% 51.7% 132.5%
2013 25.1% 45.8% 50% 130.8%
2012 25.5% 47.7% 48.8% 128.6%
2011 25.3% 48.6% 50% 114%
2010 24.8% 51.8% 51.9% 100.1%
2009 26.2% 51.5% 50.3% 87.8%
2008 22.6% 47.5% 45.5% 75.6%
2007 23.3% 46% 44.5% 72.7%
2006 24.8% 49.2% 45.1% 73.7%
2005 23.3% 44% 46.8% 72.2%
2004 24% 44.5% 46.1% 67.1%
2003 25.8% 44.9% 45.4% 63.9%
2002 27.4% 43.4% 44.2% 60%
2001 26.4% 41% 44.1% 57.4%
2000 24.8% 36.9% 42.8% 54.2%
1999 23.2% 32.7% 42.5% 55.4%
1998 26.8% 36.6% 42.6% 55.6%
1997 29.1% 54.1% 42.4% 58.7%
1996 26.4% 48.8% 43% 63.3%
1995 23.2% 48.4% 42.6% 62.2%
1994 24.3% 47.6% 42.8% 60.4%
1993 25.7% 44.3% 46.5% 57.2%
1992 25.8% 42.2% 48.2% 58.1%
1991 - - 45.9% 63.9%
1990 - - 42.2% 60.2%
1989 - - 36.2% 55.4%
1988 - - 36.2% 56.8%
1987 - - 37.5% 57.2%
1986 - - 38.9% 59.8%
1985 - - 37.5% 59.4%
1984 - - 34.6% 51.3%
1983 - - 34.7% 46.7%
1982 - - 35.8% 43%
1981 - - 35.3% 39.3%
1980 - - 32.4% 31%
1979 - - 30.8% 35.2%
1978 - - 31.7% 31.4%
1977 - - 35.1% 26.9%
1976 - - 38.2% 24.5%
1975 - - 31.9% 19.2%
1974 - - 25.8% 13.5%
1973 - - 25.7% 13.6%
1972 - - 22.8% 14.5%
1971 - - 15.5% 15.7%
1970 - - 15.5% 16.5%
1969 - - 14.9% 16.8%
1968 - - 14.3% 17.2%
1967 - - 14.1% 18.5%
1966 - - 14.4% 20.2%
1965 - - 13.4% 20.4%
1964 - - 13.9% 21.9%
1963 - - 14.6% 20.8%
1962 - - 14.5% 18.7%
1961 - - 14.6% 17.1%
1960 - - 14.3% 16.4%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-02-20).

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

In 2024, Fiji's government spending was $1.77B, accounting for 29.7% of its GDP, while Portugal spent $134B, or 42.8% of GDP.

Debt-to-GDP ratio is 76.2% in Fiji and 94.9% in Portugal, ranking 47/185 and 27/185, respectively.

Government deficit by year

Deficit/surplus
Fiji

Portugal
1x
Year Deficit/surplus, % of GDP
Fiji Portugal
2024 -3.36% 0.7%
2023 -6.82% 1.21%
2022 -11.2% -0.31%
2021 -14.6% -2.83%
2020 -9.24% -5.75%
2019 -3.67% 0.12%
2018 -4.72% -0.43%
2017 -2.22% -3%
2016 -5.58% -1.94%
2015 -3.8% -4.37%
2014 -3.36% -7.32%
2013 -0.08% -5.21%
2012 -0.67% -6.2%
2011 -0.69% -7.73%
2010 -1.26% -11.4%
2009 -2.76% -9.87%
2008 1.54% -3.81%
2007 0.35% -2.91%
2006 -0.74% -4.07%
2005 -1.14% -6.11%
2004 -0.95% -5.99%
2003 -3.34% -5.66%
2002 -3.58% -3.73%
2001 -4.4% -4.73%
2000 -1.37% -3.35%
1999 1.1% -2.99%
1998 5.21% -4.3%
1997 -4.48% -3.65%
1996 -3.35% -4.63%
1995 0.77% -5.14%
1994 -0.19% -7.37%
1993 -1.83% -8.06%
1992 -2.14% -5.19%
1991 - -7.93%
1990 - -6.82%
1989 - -2.86%
1988 - -3.52%
1987 - -6.79%
1986 - -7.45%
1985 - -8.35%
1984 - -5.23%
1983 - -4.86%
1982 - -7.02%
1981 - -8.34%
1980 - -6.92%
1979 - -6.08%
1978 - -7.15%
1977 - -7.5%
1976 - -10.2%
1975 - -7.1%
1974 - -3.2%
1973 - -5.39%
1972 - -7.72%
1971 - -0.23%
1970 - -0.24%
1969 - -1.53%
1968 - -1.24%
1967 - -0.46%
1966 - -2%
1965 - -0.03%
1964 - -1.93%
1963 - -3.33%
1962 - -1.69%
1961 - -3.17%
1960 - -3.13%
1959 - -1.73%
1958 - -0.52%
1957 - 0.08%
1956 - -0.18%
1955 - -0.31%
1954 - -0.58%
1953 - -0.35%
1952 - -0.34%
1951 - 0.94%
1950 - -0.83%
1949 - -0.46%
1948 - -2.04%
1947 - -1.65%
1946 - -2.32%
1945 - -2.38%
1944 - -1.44%
1943 - 0.03%
1942 - -0.35%
1941 - -0.08%
1940 - -1.74%
1939 - -0.73%
1938 - -0.08%
1937 - -0.09%
1936 - 0.08%
1935 - 0.75%
1934 - 0.6%
1933 - -0.07%
1932 - -0.03%
1931 - 0.04%
1930 - 0.79%
1929 - 1.86%
1928 - 0.2%
1927 - -2.27%
1926 - -4.21%
1925 - -1.48%
1924 - -3.16%
1923 - -3.47%
1922 - -10%
1921 - -6.5%
1920 - -5.66%
1919 - -8.83%
1918 - -8.3%
1917 - -5.49%
1916 - -
1915 - -
1914 - -
1913 - -0.34%
1912 - -0.02%
1911 - -0.73%
1910 - -0.19%
1909 - -0.82%
1908 - -0.56%
1907 - -0.69%
1906 - -0.45%
1905 - -0.75%
1904 - -0.26%
1903 - -0.91%
1902 - -0.5%
1901 - -0.69%
1900 - -0.35%
1899 - -0.77%
1898 - -0.5%
1897 - -0.93%
1896 - -1.35%
1895 - -0.2%
1894 - -0.16%
1893 - -0.02%
1892 - -0.8%
1891 - -2.15%
1890 - -2.01%
1889 - -1.95%
1888 - -2.14%
1887 - -0.67%
1886 - -1.43%
1885 - -1.68%
1884 - -1.48%
1883 - -1.1%
1882 - -0.39%
1881 - -1.2%
1880 - -1.63%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/fiji/portugal | 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 Portugal's surplus of $2.19B, or 0.7% of GDP.

Over the past 33 years, Fiji recorded a fiscal deficit in 28 of those years, while Portugal ran a deficit in 30 years. On average, Fiji posted an annual deficit equal to 2.81% of GDP, compared to deficit of 4.43% of GDP for Portugal.

Inflation comparison by year

Inflation
Fiji

Portugal
1x
Year Consumer prices inflation
Fiji Portugal
2024 4.51% 2.42%
2023 2.34% 4.31%
2022 4.32% 7.83%
2021 0.16% 1.27%
2020 -2.6% -0.01%
2019 1.77% 0.34%
2018 4.08% 0.99%
2017 3.35% 1.37%
2016 3.86% 0.61%
2015 1.37% 0.49%
2014 0.52% -0.28%
2013 2.91% 0.27%
2012 3.42% 2.77%
2011 7.28% 3.65%
2010 3.69% 1.4%
2009 3.13% -0.84%
2008 7.73% 2.59%
2007 4.8% 2.45%
2006 2.49% 3.11%
2005 2.37% 2.28%
2004 2.83% 2.37%
2003 4.17% 3.22%
2002 0.76% 3.6%
2001 4.27% 4.37%
2000 1.09% 2.85%
1999 1.97% 2.34%
1998 5.71% 2.57%
1997 3.37% 2.34%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Fiji has recorded an average annual inflation rate of 3.06%, compared with 2.17% in Portugal. In 2024, inflation was 4.51% in Fiji and 2.42% in Portugal.

Top exports between countries

Fiji
Export category Export value
Miscellaneous $34K
Animal & marine products $28K
Machinery & equipment $9K
Textiles & consumer goods $1K
Wood & paper products $1K
Portugal
Export category Export value
Chemicals & pharma $44K
Machinery & equipment $40K
Processed food, beverages & tobacco $20K
Metals $3K
Textiles & consumer goods $3K
Raw materials & minerals $2K
Precious metals & jewellery $1K

Balance of trade

Fiji Portugal
Current account balance
-$866M
2022
$6.51B
2024
Current account balance ranking
120/190
2022
28/190
2024
Current account balance, % of GDP
-17.4%
2022
+2.08%
2024
Goods imports
$2.68B
2022
$109B
2024
Goods exports
$1.05B
2022
$81.4B
2024
Service imports
$754M
2022
$27.9B
2024
Service exports
$1.33B
2022
$62.7B
2024
Imports of goods and services, % of GDP
69.2%
2023
43.9%
2024
Exports of goods and services, % of GDP
57%
2023
45.8%
2024

Economic freedom indices

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

Fiji Portugal
Economic freedom 59.5 71.2
Economic freedom ranking 103/197 33/197
Property rights 59.9 88.9
Government integrity 55.4 63.4
Judicial effectiveness 53.2 90.1
Tax burden 87.8 60.6
Government spending 70 44.6
Fiscal health 7.5 82
Business freedom 69.5 83.1
Labor freedom 66.9 54.8
Monetary freedom 72.4 77.7
Trade freedom 66.6 79.4
Investment freedom 55 70
Financial freedom 50 60

Economic freedom comparison by year

Fiji
Portugal
1x
Year Economic freedom index
Fiji Portugal
2026 59.5 71.2
2025 59.1 70.5
2024 58 68.7
2023 58 69.5
2022 56.4 70.8
2021 62.2 67.5
2020 63.4 67
2019 62.2 65.3
2018 62 63.4
2017 63.4 62.6
2016 58.8 65.1
2015 59 65.3
2014 58.7 63.5
2013 57.2 63.1
2012 57.3 63
2011 60.4 64
2010 60.3 64.4
2009 61 64.9
2008 61.8 63.9
2007 60.8 64
2006 58.4 62.9
2005 58.2 62.4
2004 58 64.9
2003 54.7 64.9
2002 53.9 65.4
2001 53.7 66
2000 57.8 65.5
1999 58.4 65.6
1998 58.2 65
1997 58 63.6
1996 57.4 64.5
1995 54.7 62.4

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

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

The Economic Freedom Index for Fiji is 59.5, ranking 103/197, compared to 71.2 for Portugal, ranking 33/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Fiji Portugal
Services, % of GDP
54.6%
2024
66.3%
2024
Industry, % of GDP
16.5%
2024
18.7%
2024
Agriculture, forestry, and fishing, % of GDP
13.2%
2024
2.02%
2024
GNI, Atlas method
$5.4B
2024
$288B
2024
GNI per capita, PPP
$14,490
2024
$50,730
2024
Total reserves including gold
$1.6B
2024
$42.4B
2024
Total reserves ranking
133/177
2024
48/177
2024
Net foreign direct investment
-$86.9M
2022
-$6.64B
2024
Net inflows of foreign direct investment
$204M
2024
$13.5B
2024
Net outflows of foreign direct investment
$25.6M
2024
$6.84B
2024
Servicing debt to the IMF, % of GNI
4.36%
2024
n/a
Poverty at national poverty lines
31%
2020
16.4%
2021
Gross capital formation, % of GDP
19.7%
2023
20.4%
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/portugal | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, 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)
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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.