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Economy of Fiji vs Seychelles compared: GDP & Debt

Updated on by Georank team

Fiji has a GDP of $5.97B compared to $2.17B for the Seychelles, ranking 161/197 and 178/197 by economy size, respectively.

Fiji has $4.54B in government debt (76.2% of GDP), compared to $1.25B (57.6% of GDP) in the Seychelles.

Fiji vs Seychelles GDP by year

Fiji
Seychelles
1x
Year GDP, current $
Fiji Seychelles
2024 $5,968,125,909 $2,167,239,562
2023 $5,476,673,518 $2,187,379,755
2022 $4,977,861,886 $2,018,346,589
2021 $4,158,873,156 $1,487,173,795
2020 $4,227,719,873 $1,382,551,752
2019 $5,344,907,153 $1,868,690,097
2018 $5,581,425,327 $1,784,313,927
2017 $5,353,469,174 $1,675,370,641
2016 $4,930,213,644 $1,568,513,348
2015 $4,682,479,894 $1,432,403,352
2014 $4,857,104,769 $1,387,577,870
2013 $4,189,967,999 $1,333,160,407
2012 $3,972,028,104 $1,089,407,839
2011 $3,779,411,899 $1,058,918,707
2010 $3,140,166,713 $981,616,542
2009 $2,870,624,636 $850,901,620
2008 $3,523,185,920 $979,597,394
2007 $3,378,314,600 $1,077,308,814
2006 $3,076,305,453 $1,081,441,283
2005 $2,980,403,845 $977,899,382
2004 $2,708,078,477 $893,012,218
2003 $2,300,492,465 $750,847,230
2002 $1,833,279,985 $742,134,838
2001 $1,652,462,023 $662,064,156
2000 $1,678,219,508 $654,212,394
1999 $1,936,459,986 $662,838,615
1998 $1,653,146,717 $647,287,376
1997 $2,090,221,137 $598,966,982
1996 $2,128,696,644 $535,250,347
1995 $1,970,301,486 $540,733,048
1994 $1,825,732,093 $517,570,058
1993 $1,636,101,247 $504,230,621
1992 $1,532,411,039 $461,409,399
1991 $1,383,883,250 $398,307,170
1990 $1,337,017,559 $392,163,561
1989 $1,182,660,266 $324,333,367
1988 $1,110,009,523 $301,985,618
1987 $1,177,947,965 $265,212,957
1986 $1,290,267,340 $221,147,061
1985 $1,141,168,944 $179,691,483
1984 $1,178,000,678 $160,992,921
1983 $1,123,085,190 $156,098,237
1982 $1,194,059,943 $157,211,790
1981 $1,235,626,771 $163,750,728
1980 $1,202,618,816 $156,783,830
1979 $1,019,691,460 $127,261,099
1978 $829,267,889 $85,552,366
1977 $719,501,766 $64,526,401
1976 $694,540,806 $49,278,982
1975 $684,282,434 $47,803,146
1974 $558,587,097 $43,134,496
1973 $425,950,488 $36,896,280
1972 $316,656,649 $30,645,123
1971 $247,749,328 $21,965,951
1970 $219,878,482 $18,432,032
1969 $182,182,068 $16,452,028
1968 $166,952,937 $16,074,028
1967 $162,625,886 $16,632,032
1966 $150,603,926 $16,443,034
1965 $147,084,750 $15,603,032
1964 $140,032,741 $15,393,032
1963 $129,454,729 $13,923,029
1962 $122,906,435 $12,642,026
1961 $116,987,785 $11,592,024
1960 $112,328,422 $12,012,025

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

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

GDP per capita in Fiji vs Seychelles by year

Fiji
GDP per capita

GDP per capita, PPP
Seychelles
GDP per capita

GDP per capita, PPP
1x
Year Current $
Fiji Seychelles
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,426 $15,450 $17,859 $33,239
2023 $5,926 $14,644 $18,263 $31,781
2022 $5,414 $12,982 $16,837 $29,973
2021 $4,537 $10,322 $14,983 $29,980
2020 $4,621 $10,716 $14,041 $31,056
2019 $5,842 $12,978 $19,142 $34,219
2018 $6,085 $12,984 $18,440 $32,091
2017 $5,827 $12,585 $17,480 $30,675
2016 $5,364 $11,766 $16,567 $28,811
2015 $5,098 $11,519 $15,333 $25,435
2014 $5,293 $10,516 $15,188 $24,985
2013 $4,572 $8,842 $14,821 $22,487
2012 $4,341 $8,204 $12,337 $22,264
2011 $4,140 $7,672 $12,110 $21,781
2010 $3,449 $7,339 $10,935 $18,982
2009 $3,164 $7,068 $9,747 $18,453
2008 $3,900 $7,154 $11,265 $18,881
2007 $3,763 $6,990 $12,669 $19,473
2006 $3,455 $6,921 $12,783 $17,503
2005 $3,378 $6,652 $11,802 $15,846
2004 $3,097 $6,463 $10,828 $14,160
2003 $2,656 $6,033 $9,070 $14,142
2002 $2,137 $5,914 $8,864 $14,570
2001 $1,945 $5,699 $8,153 $14,615
2000 $1,996 $5,521 $8,064 $14,638
1999 $2,328 $5,552 $8,243 $13,853
1998 $2,010 $5,090 $8,210 $13,675
1997 $2,574 $5,031 $7,747 $13,458
1996 $2,648 $5,109 $7,004 $11,931
1995 $2,467 $4,818 $7,181 $10,809
1994 $2,297 $4,627 $6,975 $10,692
1993 $2,070 $4,334 $6,979 $11,020
1992 $1,951 $4,172 $6,520 $10,243
1991 $1,775 $3,873 $5,655 $9,387
1990 $1,729 $3,882 $5,642 $8,955
1989 $1,543 - $4,689 -
1988 $1,463 - $4,392 -
1987 $1,569 - $3,872 -
1986 $1,745 - $3,368 -
1985 $1,577 - $2,754 -
1984 $1,667 - $2,488 -
1983 $1,628 - $2,426 -
1982 $1,773 - $2,441 -
1981 $1,879 - $2,557 -
1980 $1,873 - $2,478 -
1979 $1,627 - $2,030 -
1978 $1,355 - $1,377 -
1977 $1,204 - $1,044 -
1976 $1,186 - $814 -
1975 $1,188 - $806 -
1974 $984 - $745 -
1973 $762 - $649 -
1972 $575 - $547 -
1971 $458 - $402 -
1970 $414 - $344 -
1969 $350 - $314 -
1968 $327 - $314 -
1967 $326 - $333 -
1966 $310 - $338 -
1965 $311 - $328 -
1964 $306 - $332 -
1963 $291.4 - $308 -
1962 $285.5 - $287 -
1961 $280.3 - $270.3 -
1960 $277.4 - $288.1 -

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

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

Fiji's GDP per capita is $6,426, ranking 108/197, compared to $17,859 in the Seychelles, ranking 63/197. Adjusted for purchasing power (GDP per capita PPP), Fiji ranks 113th at $15,450, while the Seychelles ranks 67th at $33,239.

Economic indicators

Fiji Seychelles
Gross domestic product
$5.97B
2024
$2.17B
2024
GDP rank
161/197
2024
178/197
2024
GDP growth
3.53%
2023-2024
3.47%
2023-2024
GDP per capita
$6,426
2024
$17,859
2024
GDP per capita rank
108/197
2024
63/197
2024
GDP per capita, PPP
$15,450
2024
$33,239
2024
GDP per capita PPP rank
113/197
2024
67/197
2024
Government debt
$4.54B
2024
$1.25B
2024
Debt-to-GDP ratio
76.2%
2024
57.6%
2024
Government debt per person
$4,893
2024
$10,288
2024
Government debt per person rank
80/185
2024
57/185
2024
Average annual personal income after taxes
$6,964
2026
$10,944
2026
Market capitalization of domestic companies n/a
$811M
2024
Income share by richest 10%
24.2%
2019
23.9%
2018
Income share by poorest 10%
3.5%
2019
2.6%
2018
Government expenditure, % of GDP
29.7%
2024
33.8%
2024
Consumer prices inflation
4.51%
2023-2024
0.31%
2023-2024
Central bank interest rate
0.25%
2020
1.75%
2024
Unemployment rate
5.36%
2024
2.59%
2024
Population
938628
126311

Spending and national debt comparison by year

Fiji
Spending

Debt
Seychelles
Spending

Debt
1x
Year % of GDP
Fiji Seychelles
Government spending Government debt Government spending Government debt
2024 29.7% 76.2% 33.8% 57.6%
2023 28.8% 79.1% 32.9% 55.3%
2022 30.9% 83.3% 31.3% 60%
2021 36.7% 89% 38.8% 71%
2020 36.2% 72.9% 46.7% 77.4%
2019 30.8% 49.7% 31.7% 48.9%
2018 31.8% 44.8% 33% 51.3%
2017 27.3% 42.2% 34.3% 56.7%
2016 31.4% 43.6% 34.5% 62.8%
2015 29.8% 43% 31.5% 64.7%
2014 29.1% 44.5% 33.4% 70.4%
2013 25.1% 45.8% 37.8% 68.2%
2012 25.5% 47.7% 38.6% 80.1%
2011 25.3% 48.6% 36.4% 82.5%
2010 24.8% 51.8% 34.6% 82.2%
2009 26.2% 51.5% 32.1% 106.1%
2008 22.6% 47.5% 27% 192.1%
2007 23.3% 46% 41.9% 144%
2006 24.8% 49.2% 43.6% 135.1%
2005 23.3% 44% 39% 144.1%
2004 24% 44.5% 39.9% 163.2%
2003 25.8% 44.9% 44.6% 177%
2002 27.4% 43.4% 56.3% 195.9%
2001 26.4% 41% 46.8% 199.8%
2000 24.8% 36.9% 55.4% 177.8%
1999 23.2% 32.7% 56.1% 159.8%
1998 26.8% 36.6% 60.7% 161.2%
1997 29.1% 54.1% 54.7% 143%
1996 26.4% 48.8% 59.1% 146.7%
1995 23.2% 48.4% 53.1% 133.5%
1994 24.3% 47.6% 63.6% 123.5%
1993 25.7% 44.3% 60.4% 82.2%
1992 25.8% 42.2% 50.7% 79.9%
1991 - - 52.1% 89.2%
1990 - - 46.1% 80.4%
1989 - - 51.7% 39.9%
1988 - - 46.7% 41.3%
1987 - - 49.7% 37%
1986 - - 58% 31.5%
1985 - - 53% 26.5%
1984 - - 50.5% 15.3%
1983 - - 47.9% 12.4%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1983–1989, retrieved 2026-02-20).

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

In 2024, Fiji's government spending was $1.77B, accounting for 29.7% of its GDP, while the Seychelles spent $732M, or 33.8% of GDP.

Debt-to-GDP ratio is 76.2% in Fiji and 57.6% in the Seychelles, ranking 47/185 and 85/185, respectively.

Government deficit by year

Deficit/surplus
Fiji

Seychelles
1x
Year Deficit/surplus, % of GDP
Fiji Seychelles
2024 -3.36% -0.69%
2023 -6.82% -1.14%
2022 -11.2% -0.76%
2021 -14.6% -5.76%
2020 -9.24% -15.7%
2019 -3.67% 0.42%
2018 -4.72% -0.8%
2017 -2.22% -1.67%
2016 -5.58% 0.02%
2015 -3.8% 1.39%
2014 -3.36% 2.87%
2013 -0.08% 0.33%
2012 -0.67% 2.93%
2011 -0.69% 3.36%
2010 -1.26% 0.52%
2009 -2.76% 4.84%
2008 1.54% 7.88%
2007 0.35% -9.93%
2006 -0.74% -2.54%
2005 -1.14% 0.42%
2004 -0.95% 0.44%
2003 -3.34% 3.4%
2002 -3.58% -16.3%
2001 -4.4% -8.93%
2000 -1.37% -14.7%
1999 1.1% -10.3%
1998 5.21% -16.7%
1997 -4.48% -5.91%
1996 -3.35% -9.69%
1995 0.77% -2.58%
1994 -0.19% -6.95%
1993 -1.83% -3.62%
1992 -2.14% 6.44%
1991 - 3.15%
1990 - 11.9%
1989 - 8.26%
1988 - 11.8%
1987 - 2.77%
1986 - -10.1%
1985 - -4.86%
1984 - -6.09%
1983 - -3.13%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1983–1989, retrieved 2026-02-20).

GeoRank.org/economy/fiji/seychelles | 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 the Seychelles' deficit of $15M, or 0.69% of GDP.

Over the past 33 years, Fiji recorded a fiscal deficit in 28 of those years, while the Seychelles ran a deficit in 19 years. On average, Fiji posted an annual deficit equal to 2.81% of GDP, compared to deficit of 3.01% of GDP for the Seychelles.

Inflation comparison by year

Inflation
Fiji

Seychelles
1x
Year Consumer prices inflation
Fiji Seychelles
2024 4.51% 0.31%
2023 2.34% -1.04%
2022 4.32% 2.63%
2021 0.16% 9.77%
2020 -2.6% 1.2%
2019 1.77% 1.81%
2018 4.08% 3.7%
2017 3.35% 2.86%
2016 3.86% -1.02%
2015 1.37% 4.04%
2014 0.52% 1.39%
2013 2.91% 4.34%
2012 3.42% 7.11%
2011 7.28% 2.56%
2010 3.69% -2.4%
2009 3.13% 31.8%
2008 7.73% 37%
2007 4.8% 5.32%
2006 2.49% -0.35%
2005 2.37% 0.91%
2004 2.83% 3.86%
2003 4.17% 3.3%
2002 0.76% 0.18%
2001 4.27% 5.97%
2000 1.09% 6.27%
1999 1.97% 6.35%
1998 5.71% 2.58%
1997 3.37% 0.62%

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

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

Over the past 28 years, Fiji has recorded an average annual inflation rate of 3.06%, compared with 5.03% in the Seychelles. In 2024, inflation was 4.51% in Fiji and 0.31% in the Seychelles.

Top exports between countries

Fiji
Export category Export value
Chemicals & pharma $5K
Seychelles
Export category Export value

Balance of trade

Fiji Seychelles
Current account balance
-$866M
2022
-$176M
2024
Current account balance ranking
120/190
2022
97/190
2024
Current account balance, % of GDP
-17.4%
2022
-8.11%
2024
Goods imports
$2.68B
2022
$1.39B
2024
Goods exports
$1.05B
2022
$595M
2024
Service imports
$754M
2022
$1B
2024
Service exports
$1.33B
2022
$1.71B
2024
Imports of goods and services, % of GDP
69.2%
2023
103.2%
2024
Exports of goods and services, % of GDP
57%
2023
85.2%
2024

Economic freedom indices

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

Fiji Seychelles
Economic freedom 59.5 66.5
Economic freedom ranking 103/197 60/197
Property rights 59.9 82.6
Government integrity 55.4 71.7
Judicial effectiveness 53.2 61.7
Tax burden 87.8 77.3
Government spending 70 68
Fiscal health 7.5 92.2
Business freedom 69.5 71.3
Labor freedom 66.9 52
Monetary freedom 72.4 79.8
Trade freedom 66.6 81.2
Investment freedom 55 30
Financial freedom 50 30

Economic freedom comparison by year

Fiji
Seychelles
1x
Year Economic freedom index
Fiji Seychelles
2026 59.5 66.5
2025 59.1 66.4
2024 58 60.4
2023 58 59.5
2022 56.4 61.1
2021 62.2 66.3
2020 63.4 64.3
2019 62.2 61.4
2018 62 61.6
2017 63.4 61.8
2016 58.8 62.2
2015 59 57.5
2014 58.7 56.2
2013 57.2 54.9
2012 57.3 53
2011 60.4 51.2
2010 60.3 47.9
2009 61 47.8
2008 61.8 -
2007 60.8 -
2006 58.4 -
2005 58.2 -
2004 58 -
2003 54.7 -
2002 53.9 -
2001 53.7 -
2000 57.8 -
1999 58.4 -
1998 58.2 -
1997 58 -
1996 57.4 -
1995 54.7 -

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

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

The Economic Freedom Index for Fiji is 59.5, ranking 103/197, compared to 66.5 for the Seychelles, ranking 60/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Fiji Seychelles
Services, % of GDP
54.6%
2024
65.8%
2024
Industry, % of GDP
16.5%
2024
12.3%
2024
Agriculture, forestry, and fishing, % of GDP
13.2%
2024
2.45%
2024
GNI, Atlas method
$5.4B
2024
$2.12B
2024
GNI per capita, PPP
$14,490
2024
$32,180
2024
Total reserves including gold
$1.6B
2024
$774M
2024
Total reserves ranking
133/177
2024
145/177
2024
Net foreign direct investment
-$86.9M
2022
-$262M
2024
Net inflows of foreign direct investment
$204M
2024
$226M
2024
Net outflows of foreign direct investment
$25.6M
2024
-$35.4M
2024
Servicing debt to the IMF, % of GNI
4.36%
2024
n/a
Poverty at national poverty lines
31%
2020
25.3%
2018
Gross capital formation, % of GDP
19.7%
2023
17.2%
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/seychelles | 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. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1983–1989, retrieved 2026-02-20)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)
  9. TradeMap (2023, retrieved 2026-02-08)

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.