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Economy of Fiji vs Russia compared: GDP & Debt

Updated on by Georank team

Fiji has a GDP of $5.97B compared to $2.17T for Russia, ranking 161/197 and 11/197 by economy size, respectively.

Fiji has $4.54B in government debt (76.2% of GDP), compared to $440B (20.3% of GDP) in Russia.

Fiji vs Russia GDP by year

Fiji
Russia
1x
Year GDP, current $
Fiji Russia
2024 $5,968,125,909 $2,173,835,806,672
2023 $5,476,673,518 $2,071,505,725,031
2022 $4,977,861,886 $2,291,612,121,335
2021 $4,158,873,156 $1,829,186,719,575
2020 $4,227,719,873 $1,493,075,894,362
2019 $5,344,907,153 $1,693,115,002,708
2018 $5,581,425,327 $1,657,328,773,461
2017 $5,353,469,174 $1,574,199,360,089
2016 $4,930,213,644 $1,276,786,350,881
2015 $4,682,479,894 $1,363,482,182,198
2014 $4,857,104,769 $2,059,241,589,895
2013 $4,189,967,999 $2,292,470,078,346
2012 $3,972,028,104 $2,208,293,553,878
2011 $3,779,411,899 $2,045,922,753,398
2010 $3,140,166,713 $1,524,916,715,224
2009 $2,870,624,636 $1,222,645,900,056
2008 $3,523,185,920 $1,660,848,058,303
2007 $3,378,314,600 $1,299,703,478,482
2006 $3,076,305,453 $989,932,071,353
2005 $2,980,403,845 $764,015,973,481
2004 $2,708,078,477 $591,016,690,732
2003 $2,300,492,465 $430,347,420,185
2002 $1,833,279,985 $345,470,494,418
2001 $1,652,462,023 $306,602,070,621
2000 $1,678,219,508 $259,710,142,197
1999 $1,936,459,986 $195,907,128,351
1998 $1,653,146,717 $270,955,486,862
1997 $2,090,221,137 $404,928,954,192
1996 $2,128,696,644 $391,724,890,744
1995 $1,970,301,486 $395,537,185,735
1994 $1,825,732,093 $395,077,301,248
1993 $1,636,101,247 $435,083,713,851
1992 $1,532,411,039 $460,290,556,901
1991 $1,383,883,250 $517,962,962,963
1990 $1,337,017,559 $517,014,446,228
1989 $1,182,660,266 $506,631,299,735
1988 $1,110,009,523 $554,828,660,436
1987 $1,177,947,965 -
1986 $1,290,267,340 -
1985 $1,141,168,944 -
1984 $1,178,000,678 -
1983 $1,123,085,190 -
1982 $1,194,059,943 -
1981 $1,235,626,771 -
1980 $1,202,618,816 -
1979 $1,019,691,460 -
1978 $829,267,889 -
1977 $719,501,766 -
1976 $694,540,806 -
1975 $684,282,434 -
1974 $558,587,097 -
1973 $425,950,488 -
1972 $316,656,649 -
1971 $247,749,328 -
1970 $219,878,482 -
1969 $182,182,068 -
1968 $166,952,937 -
1967 $162,625,886 -
1966 $150,603,926 -
1965 $147,084,750 -
1964 $140,032,741 -
1963 $129,454,729 -
1962 $122,906,435 -
1961 $116,987,785 -
1960 $112,328,422 -

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

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

GDP per capita in Fiji vs Russia by year

Fiji
GDP per capita

GDP per capita, PPP
Russia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Fiji Russia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,426 $15,450 $15,145 $47,405
2023 $5,926 $14,644 $14,403 $44,269
2022 $5,414 $12,982 $15,888 $40,939
2021 $4,537 $10,322 $12,637 $38,638
2020 $4,621 $10,716 $10,280 $31,491
2019 $5,842 $12,978 $11,640 $30,964
2018 $6,085 $12,984 $11,399 $28,629
2017 $5,827 $12,585 $10,835 $25,778
2016 $5,364 $11,766 $8,804 $24,012
2015 $5,098 $11,519 $9,427 $23,994
2014 $5,293 $10,516 $14,277 $25,688
2013 $4,572 $8,842 $15,941 $26,020
2012 $4,341 $8,204 $15,402 $24,274
2011 $4,140 $7,672 $14,305 $22,790
2010 $3,449 $7,339 $10,675 $20,490
2009 $3,164 $7,068 $8,563 $19,390
2008 $3,900 $7,154 $11,635 $20,164
2007 $3,763 $6,990 $9,101 $16,648
2006 $3,455 $6,921 $6,920 $14,912
2005 $3,378 $6,652 $5,323 $11,822
2004 $3,097 $6,463 $4,102 $10,227
2003 $2,656 $6,033 $2,975 $9,255
2002 $2,137 $5,914 $2,378 $8,037
2001 $1,945 $5,699 $2,100 $7,361
2000 $1,996 $5,521 $1,772 $6,825
1999 $2,328 $5,552 $1,331 $5,914
1998 $2,010 $5,090 $1,835 $5,465
1997 $2,574 $5,031 $2,738 $5,700
1996 $2,648 $5,109 $2,644 $5,518
1995 $2,467 $4,818 $2,666 $5,613
1994 $2,297 $4,627 $2,662 $5,734
1993 $2,070 $4,334 $2,931 $6,420
1992 $1,951 $4,172 $3,099 $6,862
1991 $1,775 $3,873 $3,490 $7,858
1990 $1,729 $3,882 $3,494 $8,028
1989 $1,543 - $3,430 -
1988 $1,463 - $3,778 -
1987 $1,569 - - -
1986 $1,745 - - -
1985 $1,577 - - -
1984 $1,667 - - -
1983 $1,628 - - -
1982 $1,773 - - -
1981 $1,879 - - -
1980 $1,873 - - -
1979 $1,627 - - -
1978 $1,355 - - -
1977 $1,204 - - -
1976 $1,186 - - -
1975 $1,188 - - -
1974 $984 - - -
1973 $762 - - -
1972 $575 - - -
1971 $458 - - -
1970 $414 - - -
1969 $350 - - -
1968 $327 - - -
1967 $326 - - -
1966 $310 - - -
1965 $311 - - -
1964 $306 - - -
1963 $291.4 - - -
1962 $285.5 - - -
1961 $280.3 - - -
1960 $277.4 - - -

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

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

Fiji's GDP per capita is $6,426, ranking 108/197, compared to $15,145 in Russia, ranking 68/197. Adjusted for purchasing power (GDP per capita PPP), Fiji ranks 113th at $15,450, while Russia ranks 50th at $47,405.

Economic indicators

Fiji Russia
Gross domestic product
$5.97B
2024
$2.17T
2024
GDP rank
161/197
2024
11/197
2024
GDP growth
3.53%
2023-2024
4.34%
2023-2024
GDP per capita
$6,426
2024
$15,145
2024
GDP per capita rank
108/197
2024
68/197
2024
GDP per capita, PPP
$15,450
2024
$47,405
2024
GDP per capita PPP rank
113/197
2024
50/197
2024
Government debt
$4.54B
2024
$440B
2024
Debt-to-GDP ratio
76.2%
2024
20.3%
2024
Government debt per person
$4,893
2024
$3,067
2024
Government debt per person rank
80/185
2024
98/185
2024
Average annual personal income after taxes
$6,964
2026
$10,464
2026
Market capitalization of domestic companies n/a
$650B
2023
Number of millionaires n/a
426,000
2025
Number of billionaires n/a
140
2025
Income share by richest 10%
24.2%
2019
25.1%
2023
Income share by poorest 10%
3.5%
2019
3.1%
2023
Government expenditure, % of GDP
29.7%
2024
36.9%
2024
Consumer prices inflation
4.51%
2023-2024
8.4%
2023-2024
Central bank interest rate
0.25%
2020
16%
2025
Unemployment rate
5.36%
2024
2.43%
2024
Population
938628
141906741

Spending and national debt comparison by year

Fiji
Spending

Debt
Russia
Spending

Debt
1x
Year % of GDP
Fiji Russia
Government spending Government debt Government spending Government debt
2024 29.7% 76.2% 36.9% 20.3%
2023 28.8% 79.1% 35.7% 19.5%
2022 30.9% 83.3% 35.2% 18.5%
2021 36.7% 89% 34.9% 16.5%
2020 36.2% 72.9% 39.2% 19.2%
2019 30.8% 49.7% 33.8% 13.7%
2018 31.8% 44.8% 32.6% 13.6%
2017 27.3% 42.2% 34.8% 14.3%
2016 31.4% 43.6% 36.6% 14.8%
2015 29.8% 43% 35.3% 15.3%
2014 29.1% 44.5% 34.9% 15.1%
2013 25.1% 45.8% 34.7% 12.3%
2012 25.5% 47.7% 34% 11.2%
2011 25.3% 48.6% 33.3% 10.3%
2010 24.8% 51.8% 35.5% 10.1%
2009 26.2% 51.5% 38.6% 9.92%
2008 22.6% 47.5% 32% 7.45%
2007 23.3% 46% 31.9% 8.03%
2006 24.8% 49.2% 29% 9.8%
2005 23.3% 44% 29.5% 14.9%
2004 24% 44.5% 29.6% 20.8%
2003 25.8% 44.9% 32.6% 28.3%
2002 27.4% 43.4% 33.8% 37.6%
2001 26.4% 41% 31.5% 44.4%
2000 24.8% 36.9% 30.7% 55.9%
1999 23.2% 32.7% 34.3% 92.4%
1998 26.8% 36.6% 39.7% 135.2%
1997 29.1% 54.1% - 51.5%
1996 26.4% 48.8% - 51.9%
1995 23.2% 48.4% - 53.7%
1994 24.3% 47.6% - 63.5%
1993 25.7% 44.3% - 92.4%
1992 25.8% 42.2% - 116%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1992–1996, retrieved 2026-02-20).

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

In 2024, Fiji's government spending was $1.77B, accounting for 29.7% of its GDP, while Russia spent $802B, or 36.9% of GDP.

Debt-to-GDP ratio is 76.2% in Fiji and 20.3% in Russia, ranking 47/185 and 175/185, respectively.

Government deficit by year

Deficit/surplus
Fiji

Russia
1x
Year Deficit/surplus, % of GDP
Fiji Russia
2024 -3.36% -1.6%
2023 -6.82% -2.22%
2022 -11.2% -1.34%
2021 -14.6% 0.78%
2020 -9.24% -3.99%
2019 -3.67% 1.93%
2018 -4.72% 2.92%
2017 -2.22% -1.47%
2016 -5.58% -3.67%
2015 -3.8% -3.39%
2014 -3.36% -1.07%
2013 -0.08% -1.16%
2012 -0.67% 0.38%
2011 -0.69% 1.43%
2010 -1.26% -3.19%
2009 -2.76% -5.89%
2008 1.54% 4.55%
2007 0.35% 5.59%
2006 -0.74% 7.8%
2005 -1.14% 7.6%
2004 -0.95% 4.57%
2003 -3.34% 1.35%
2002 -3.58% 0.67%
2001 -4.4% 2.99%
2000 -1.37% 3.11%
1999 1.1% -3.59%
1998 5.21% -7.42%
1997 -4.48% -
1996 -3.35% -
1995 0.77% -
1994 -0.19% -
1993 -1.83% -
1992 -2.14% -
1991 - -
1990 - -
1989 - -
1988 - -
1987 - -
1986 - -
1985 - -
1984 - -
1983 - -
1982 - -
1981 - -
1980 - -
1979 - -
1978 - -
1977 - -
1976 - -
1975 - -
1974 - -
1973 - -
1972 - -
1971 - -
1970 - -
1969 - -
1968 - -
1967 - -
1966 - -
1965 - -
1964 - -
1963 - -
1962 - -
1961 - -
1960 - -
1959 - -
1958 - -
1957 - -
1956 - -
1955 - -
1954 - -
1953 - -
1952 - -
1951 - -
1950 - -
1949 - -
1948 - -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - 0.15%
1939 - 0.12%
1938 - 0.16%
1937 - 0.12%
1936 - 0.1%
1935 - 0.07%
1934 - 0.25%
1933 - 0.58%
1932 - 0.06%
1931 - -1.12%
1930 - -1.62%
1929 - -0.4%
1928 - -0.4%
1927 - -
1926 - -
1925 - -
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - -
1912 - 0.69%
1911 - 1.26%
1910 - 1.52%
1909 - -0.15%
1908 - -0.83%
1907 - -0.86%
1906 - -3.19%
1905 - -7.72%
1904 - -5.13%
1903 - 1.04%
1902 - -1.57%
1901 - 0.14%
1900 - -0.36%
1899 - 0.66%
1898 - 0.03%
1897 - 0.34%
1896 - 1.3%
1895 - 0.7%
1894 - 1.43%
1893 - 0.63%
1892 - -1.16%
1891 - -0.97%
1890 - 0.01%
1889 - 1.34%
1888 - 0.88%
1887 - 0.14%
1886 - -0.84%
1885 - -0.75%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1885–1940, retrieved 2026-02-20).

GeoRank.org/economy/fiji/russia | 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 Russia's deficit of $34.9B, or 1.6% of GDP.

Over the past 27 years, Fiji recorded a fiscal deficit in 23 of those years, while Russia ran a deficit in 13 years. On average, Fiji posted an annual deficit equal to 3.01% of GDP, compared to surplus of 0.21% of GDP for Russia.

Inflation comparison by year

Inflation
Fiji

Russia
1x
Year Consumer prices inflation
Fiji Russia
2024 4.51% 8.4%
2023 2.34% 5.9%
2022 4.32% 13.7%
2021 0.16% 6.7%
2020 -2.6% 3.4%
2019 1.77% 4.5%
2018 4.08% 2.9%
2017 3.35% 3.7%
2016 3.86% 7%
2015 1.37% 15.5%
2014 0.52% 7.8%
2013 2.91% 6.8%
2012 3.42% 5.1%
2011 7.28% 8.4%
2010 3.69% 6.8%
2009 3.13% 11.6%
2008 7.73% 14.1%
2007 4.8% 9%
2006 2.49% 9.7%
2005 2.37% 12.7%
2004 2.83% 10.9%
2003 4.17% 13.7%
2002 0.76% 15.8%
2001 4.27% 21.5%
2000 1.09% 20.8%
1999 1.97% 85.7%
1998 5.71% 27.7%
1997 3.37% 14.8%

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/russia | CC BY

Over the past 28 years, Fiji has recorded an average annual inflation rate of 3.06%, compared with 13.4% in Russia. In 2024, inflation was 4.51% in Fiji and 8.4% in Russia.

Top exports between countries

Fiji
Export category Export value
Miscellaneous $103K
Processed food, beverages & tobacco $14K
Russia
Export category Export value
Transport & tourism services $102K
IT & IP services $100K
Raw materials & minerals $54K
Business & finance services $17K

Balance of trade

Fiji Russia
Current account balance
-$866M
2022
$63.4B
2024
Current account balance ranking
120/190
2022
12/190
2024
Current account balance, % of GDP
-17.4%
2022
+2.91%
2024
Goods imports
$2.68B
2022
$302B
2024
Goods exports
$1.05B
2022
$434B
2024
Service imports
$754M
2022
$81.5B
2024
Service exports
$1.33B
2022
$43.1B
2024
Imports of goods and services, % of GDP
69.2%
2023
17.6%
2024
Exports of goods and services, % of GDP
57%
2023
21.9%
2024

Economic freedom indices

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

Fiji Russia
Economic freedom 59.5 50.3
Economic freedom ranking 103/197 161/197
Property rights 59.9 18.6
Government integrity 55.4 22.8
Judicial effectiveness 53.2 22.8
Tax burden 87.8 81.9
Government spending 70 61.3
Fiscal health 7.5 94.4
Business freedom 69.5 51.4
Labor freedom 66.9 59.1
Monetary freedom 72.4 61.8
Trade freedom 66.6 69.4
Investment freedom 55 30
Financial freedom 50 30

Economic freedom comparison by year

Fiji
Russia
1x
Year Economic freedom index
Fiji Russia
2026 59.5 50.3
2025 59.1 51.6
2024 58 52
2023 58 53.8
2022 56.4 56.1
2021 62.2 61.5
2020 63.4 61
2019 62.2 58.9
2018 62 58.2
2017 63.4 57.1
2016 58.8 50.6
2015 59 52.1
2014 58.7 51.9
2013 57.2 51.1
2012 57.3 50.5
2011 60.4 50.5
2010 60.3 50.3
2009 61 50.8
2008 61.8 49.8
2007 60.8 52.2
2006 58.4 52.4
2005 58.2 51.3
2004 58 52.8
2003 54.7 50.8
2002 53.9 48.7
2001 53.7 49.8
2000 57.8 51.8
1999 58.4 54.5
1998 58.2 52.8
1997 58 48.6
1996 57.4 51.6
1995 54.7 51.1

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

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

The Economic Freedom Index for Fiji is 59.5, ranking 103/197, compared to 50.3 for Russia, ranking 161/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Fiji Russia
Services, % of GDP
54.6%
2024
57.5%
2024
Industry, % of GDP
16.5%
2024
30.7%
2024
Agriculture, forestry, and fishing, % of GDP
13.2%
2024
2.74%
2024
GNI, Atlas method
$5.4B
2024
$2.24T
2024
GNI per capita, PPP
$14,490
2024
$46,780
2024
Total reserves including gold
$1.6B
2024
$597B
2023
Total reserves ranking
133/177
2024
6/177
2023
Net foreign direct investment
-$86.9M
2022
$9.37B
2024
Net inflows of foreign direct investment
$204M
2024
-$9.35B
2024
Net outflows of foreign direct investment
$25.6M
2024
-$170M
2024
Servicing debt to the IMF, % of GNI
4.36%
2024
2.65%
2024
Poverty at national poverty lines
31%
2020
12.1%
2020
Gross capital formation, % of GDP
19.7%
2023
26.3%
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/russia | CC BY

Compare countries by 7 more topics

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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. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. International Monetary Fund (IMF) | Public Finances in Modern History (1885–1996, retrieved 2026-02-20)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2016–2021, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. 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.