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Economy of Fiji vs Thailand compared: GDP & Debt

Updated on by Georank team

Fiji has a GDP of $5.97B compared to $527B for Thailand, ranking 161/197 and 31/197 by economy size, respectively.

Fiji has $4.54B in government debt (76.2% of GDP), compared to $333B (63.2% of GDP) in Thailand.

Fiji vs Thailand GDP by year

Fiji
Thailand
1x
Year GDP, current $
Fiji Thailand
2024 $5,968,125,909 $526,517,658,842
2023 $5,476,673,518 $515,906,283,941
2022 $4,977,861,886 $495,644,697,588
2021 $4,158,873,156 $506,194,668,790
2020 $4,227,719,873 $500,461,898,480
2019 $5,344,907,153 $543,976,691,794
2018 $5,581,425,327 $506,754,208,404
2017 $5,353,469,174 $456,356,813,537
2016 $4,930,213,644 $413,366,349,748
2015 $4,682,479,894 $401,296,238,228
2014 $4,857,104,769 $407,339,040,198
2013 $4,189,967,999 $420,333,654,593
2012 $3,972,028,104 $397,558,325,279
2011 $3,779,411,899 $370,818,739,624
2010 $3,140,166,713 $341,104,766,329
2009 $2,870,624,636 $281,710,630,187
2008 $3,523,185,920 $291,382,982,431
2007 $3,378,314,600 $262,942,621,455
2006 $3,076,305,453 $221,758,296,022
2005 $2,980,403,845 $189,318,408,469
2004 $2,708,078,477 $172,895,685,155
2003 $2,300,492,465 $152,280,615,246
2002 $1,833,279,985 $134,300,904,400
2001 $1,652,462,023 $120,296,476,180
2000 $1,678,219,508 $126,392,224,254
1999 $1,936,459,986 $126,669,211,779
1998 $1,653,146,717 $113,675,596,788
1997 $2,090,221,137 $150,180,456,566
1996 $2,128,696,644 $183,035,237,429
1995 $1,970,301,486 $169,278,916,593
1994 $1,825,732,093 $146,683,778,959
1993 $1,636,101,247 $128,889,262,951
1992 $1,532,411,039 $111,452,746,518
1991 $1,383,883,250 $98,234,714,971
1990 $1,337,017,559 $85,343,190,719
1989 $1,182,660,266 $72,250,748,100
1988 $1,110,009,523 $61,667,253,471
1987 $1,177,947,965 $50,535,446,555
1986 $1,290,267,340 $43,096,773,981
1985 $1,141,168,944 $38,900,711,333
1984 $1,178,000,678 $41,797,647,776
1983 $1,123,085,190 $40,042,798,388
1982 $1,194,059,943 $36,589,772,404
1981 $1,235,626,771 $34,846,039,194
1980 $1,202,618,816 $32,353,514,989
1979 $1,019,691,460 $27,371,650,825
1978 $829,267,889 $24,006,566,637
1977 $719,501,766 $19,779,312,261
1976 $694,540,806 $16,985,208,648
1975 $684,282,434 $14,882,770,594
1974 $558,587,097 $13,702,998,512
1973 $425,950,488 $10,838,587,358
1972 $316,656,649 $8,177,873,151
1971 $247,749,328 $7,375,000,024
1970 $219,878,482 $7,086,538,438
1969 $182,182,068 $6,695,336,567
1968 $166,952,937 $6,081,009,428
1967 $162,625,886 $5,638,461,442
1966 $150,603,926 $5,279,230,817
1965 $147,084,750 $4,388,937,649
1964 $140,032,741 $3,889,129,942
1963 $129,454,729 $3,540,403,457
1962 $122,906,435 $3,308,912,797
1961 $116,987,785 $3,034,037,811
1960 $112,328,422 $2,760,750,861

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

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

GDP per capita in Fiji vs Thailand by year

Fiji
GDP per capita

GDP per capita, PPP
Thailand
GDP per capita

GDP per capita, PPP
1x
Year Current $
Fiji Thailand
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,426 $15,450 $7,347 $24,712
2023 $5,926 $14,644 $7,195 $23,519
2022 $5,414 $12,982 $6,909 $22,243
2021 $4,537 $10,322 $7,057 $20,243
2020 $4,621 $10,716 $6,986 $19,164
2019 $5,842 $12,978 $7,606 $19,963
2018 $6,085 $12,984 $7,100 $18,876
2017 $5,827 $12,585 $6,413 $17,573
2016 $5,364 $11,766 $5,834 $16,671
2015 $5,098 $11,519 $5,689 $15,791
2014 $5,293 $10,516 $5,801 $15,365
2013 $4,572 $8,842 $6,018 $15,216
2012 $4,341 $8,204 $5,726 $14,617
2011 $4,140 $7,672 $5,374 $13,227
2010 $3,449 $7,339 $4,974 $12,932
2009 $3,164 $7,068 $4,135 $11,964
2008 $3,900 $7,154 $4,309 $12,062
2007 $3,763 $6,990 $3,919 $11,723
2006 $3,455 $6,921 $3,331 $10,912
2005 $3,378 $6,652 $2,868 $10,169
2004 $3,097 $6,463 $2,642 $9,545
2003 $2,656 $6,033 $2,348 $8,824
2002 $2,137 $5,914 $2,090 $8,148
2001 $1,945 $5,699 $1,890 $7,632
2000 $1,996 $5,521 $2,006 $7,289
1999 $2,328 $5,552 $2,033 $6,901
1998 $2,010 $5,090 $1,848 $6,590
1997 $2,574 $5,031 $2,473 $7,148
1996 $2,648 $5,109 $3,055 $7,322
1995 $2,467 $4,818 $2,864 $6,901
1994 $2,297 $4,627 $2,518 $6,341
1993 $2,070 $4,334 $2,245 $5,834
1992 $1,951 $4,172 $1,972 $5,347
1991 $1,775 $3,873 $1,766 $4,914
1990 $1,729 $3,882 $1,559 $4,451
1989 $1,543 - $1,342 -
1988 $1,463 - $1,164 -
1987 $1,569 - $970 -
1986 $1,745 - $842 -
1985 $1,577 - $774 -
1984 $1,667 - $847 -
1983 $1,628 - $827 -
1982 $1,773 - $770 -
1981 $1,879 - $748 -
1980 $1,873 - $709 -
1979 $1,627 - $612 -
1978 $1,355 - $548 -
1977 $1,204 - $462 -
1976 $1,186 - $405 -
1975 $1,188 - $364 -
1974 $984 - $343 -
1973 $762 - $278.3 -
1972 $575 - $215.6 -
1971 $458 - $199.7 -
1970 $414 - $197.1 -
1969 $350 - $191.4 -
1968 $327 - $178.8 -
1967 $326 - $170.7 -
1966 $310 - $164.5 -
1965 $311 - $140.9 -
1964 $306 - $128.6 -
1963 $291.4 - $120.7 -
1962 $285.5 - $116.2 -
1961 $280.3 - $109.7 -
1960 $277.4 - $102.8 -

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

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

Fiji's GDP per capita is $6,426, ranking 108/197, compared to $7,347 in Thailand, ranking 100/197. Adjusted for purchasing power (GDP per capita PPP), Fiji ranks 113th at $15,450, while Thailand ranks 85th at $24,712.

Economic indicators

Fiji Thailand
Gross domestic product
$5.97B
2024
$527B
2024
GDP rank
161/197
2024
31/197
2024
GDP growth
3.53%
2023-2024
2.54%
2023-2024
GDP per capita
$6,426
2024
$7,347
2024
GDP per capita rank
108/197
2024
100/197
2024
GDP per capita, PPP
$15,450
2024
$24,712
2024
GDP per capita PPP rank
113/197
2024
85/197
2024
Government debt
$4.54B
2024
$333B
2024
Debt-to-GDP ratio
76.2%
2024
63.2%
2024
Government debt per person
$4,893
2024
$4,643
2024
Government debt per person rank
80/185
2024
84/185
2024
Average annual personal income after taxes
$6,964
2026
$6,733
2026
Market capitalization of domestic companies n/a
$520B
2024
Number of millionaires n/a
100,001
2025
Number of billionaires n/a
25
2025
Income share by richest 10%
24.2%
2019
26.1%
2023
Income share by poorest 10%
3.5%
2019
3.4%
2023
Government expenditure, % of GDP
29.7%
2024
22.7%
2024
Consumer prices inflation
4.51%
2023-2024
1.37%
2023-2024
Central bank interest rate
0.25%
2020
1.5%
2025
Unemployment rate
5.36%
2024
0.78%
2024
Population
938628
71571743

Spending and national debt comparison by year

Fiji
Spending

Debt
Thailand
Spending

Debt
1x
Year % of GDP
Fiji Thailand
Government spending Government debt Government spending Government debt
2024 29.7% 76.2% 22.7% 63.2%
2023 28.8% 79.1% 22.8% 62.3%
2022 30.9% 83.3% 24.7% 60.5%
2021 36.7% 89% 26.8% 58.3%
2020 36.2% 72.9% 24.9% 49.4%
2019 30.8% 49.7% 20.6% 41.1%
2018 31.8% 44.8% 21.2% 41.9%
2017 27.3% 42.2% 21.5% 41.8%
2016 31.4% 43.6% 21.4% 41.7%
2015 29.8% 43% 22.3% 42.6%
2014 29.1% 44.5% 22.2% 43.3%
2013 25.1% 45.8% 21.6% 42.2%
2012 25.5% 47.7% 22.3% 41.9%
2011 25.3% 48.6% 21.1% 39.1%
2010 24.8% 51.8% 22% 39.8%
2009 26.2% 51.5% 21.7% 42.4%
2008 22.6% 47.5% 19.2% 34.9%
2007 23.3% 46% 20% 36%
2006 24.8% 49.2% 18.7% 39.2%
2005 23.3% 44% 19.6% 45.5%
2004 24% 44.5% 19.3% 46.3%
2003 25.8% 44.9% 18.3% 47.5%
2002 27.4% 43.4% 25.7% 54.9%
2001 26.4% 41% 20.8% 57.5%
2000 24.8% 36.9% 19.3% 57.8%
1999 23.2% 32.7% 26.5% 56.6%
1998 26.8% 36.6% 23.9% 49.9%
1997 29.1% 54.1% 21.6% 40.5%
1996 26.4% 48.8% 18% 15.2%
1995 23.2% 48.4% 17.2% 5.12%
1994 24.3% 47.6% 16% 6.69%
1993 25.7% 44.3% 18.8% 9.14%
1992 25.8% 42.2% 17.8% 11.4%
1991 - - 17% 14.1%
1990 - - 16.6% 18%
1989 - - 16.5% 23.7%
1988 - - 15.1% 30.3%
1987 - - 17.5% 38.8%
1986 - - 19.5% 40.1%
1985 - - 20.5% 36.8%
1984 - - 19.3% 30.6%
1983 - - 19.5% 28.9%
1982 - - 20.2% 27.1%
1981 - - 19.1% 24.4%
1980 - - 18.7% 22.1%
1979 - - 16.9% 23.7%
1978 - - 16.6% 22.8%
1977 - - 16.1% 22.4%
1976 - - 15.6% 22%
1975 - - 14.2% 15.8%
1974 - - 13.2% 16.3%
1973 - - 15.9% 21.2%
1972 - - 18.5% 26.8%
1971 - - 18.8% 21.5%
1970 - - 17.6% 18.5%
1969 - - 15.9% 17.7%
1968 - - 16% 15.5%
1967 - - 15.5% 15%
1966 - - 14.7% 14.4%
1965 - - 14.7% 14.8%
1964 - - 13.3% 13.3%
1963 - - 12% 12.6%
1962 - - 11.9% 13.4%
1961 - - 9.58% 12.9%
1960 - - 12.1% 14.3%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1995, retrieved 2026-02-20).

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

In 2024, Fiji's government spending was $1.77B, accounting for 29.7% of its GDP, while Thailand spent $120B, or 22.7% of GDP.

Debt-to-GDP ratio is 76.2% in Fiji and 63.2% in Thailand, ranking 47/185 and 74/185, respectively.

Government deficit by year

Deficit/surplus
Fiji

Thailand
1x
Year Deficit/surplus, % of GDP
Fiji Thailand
2024 -3.36% -1.29%
2023 -6.82% -1.98%
2022 -11.2% -4.61%
2021 -14.6% -6.74%
2020 -9.24% -4.47%
2019 -3.67% 0.43%
2018 -4.72% 0.2%
2017 -2.22% -0.42%
2016 -5.58% 0.41%
2015 -3.8% 0.19%
2014 -3.36% -0.7%
2013 -0.08% 0.6%
2012 -0.67% -0.86%
2011 -0.69% 0.09%
2010 -1.26% -1.07%
2009 -2.76% -2.21%
2008 1.54% 0.8%
2007 0.35% 0.22%
2006 -0.74% 1.87%
2005 -1.14% 2.17%
2004 -0.95% 1.11%
2003 -3.34% 1.98%
2002 -3.58% -6.72%
2001 -4.4% -1.77%
2000 -1.37% -1.79%
1999 1.1% -9.02%
1998 5.21% -6.29%
1997 -4.48% -1.68%
1996 -3.35% 2.75%
1995 0.77% 3.05%
1994 -0.19% 2.78%
1993 -1.83% 6.67%
1992 -2.14% -0.18%
1991 - 1.6%
1990 - 1.41%
1989 - 0.16%
1988 - 0.58%
1987 - -2.38%
1986 - -4.32%
1985 - -5.11%
1984 - -3.85%
1983 - -4.02%
1982 - -6.18%
1981 - -4.07%
1980 - -4.41%
1979 - -3.62%
1978 - -3.31%
1977 - -2.91%
1976 - -3.35%
1975 - -1.73%
1974 - 1.29%
1973 - -2.7%
1972 - -4.81%
1971 - -5.47%
1970 - -3.73%
1969 - -2.53%
1968 - -2.79%
1967 - -2.1%
1966 - -1.13%
1965 - -1.05%
1964 - -1.01%
1963 - -0.81%
1962 - -0.27%
1961 - 0.05%
1960 - 0.48%
1959 - -1.15%
1958 - -0.91%
1957 - -1.31%
1956 - -1.38%
1955 - -1.65%
1954 - -3.46%
1953 - -3.56%
1952 - -2.4%
1951 - -3.54%
1950 - -0.7%
1949 - 0.7%
1948 - -0.1%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1948–1994, retrieved 2026-02-20).

GeoRank.org/economy/fiji/thailand | 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 Thailand's deficit of $6.81B, or 1.29% of GDP.

Over the past 33 years, Fiji recorded a fiscal deficit in 28 of those years, while Thailand ran a deficit in 17 years. On average, Fiji posted an annual deficit equal to 2.81% of GDP, compared to deficit of 0.8% of GDP for Thailand.

Inflation comparison by year

Inflation
Fiji

Thailand
1x
Year Consumer prices inflation
Fiji Thailand
2024 4.51% 1.37%
2023 2.34% 8.48%
2022 4.32% -1.61%
2021 0.16% 1.23%
2020 -2.6% -0.85%
2019 1.77% 0.71%
2018 4.08% 1.06%
2017 3.35% 0.67%
2016 3.86% 0.19%
2015 1.37% -0.9%
2014 0.52% 1.9%
2013 2.91% 2.18%
2012 3.42% 3.01%
2011 7.28% 3.81%
2010 3.69% 3.25%
2009 3.13% -0.85%
2008 7.73% 5.47%
2007 4.8% 2.24%
2006 2.49% 4.64%
2005 2.37% 4.54%
2004 2.83% 2.76%
2003 4.17% 1.8%
2002 0.76% 0.7%
2001 4.27% 1.63%
2000 1.09% 1.59%
1999 1.97% 0.28%
1998 5.71% 7.99%
1997 3.37% 5.63%

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

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

Over the past 28 years, Fiji has recorded an average annual inflation rate of 3.06%, compared with 2.25% in Thailand. In 2024, inflation was 4.51% in Fiji and 1.37% in Thailand.

Top exports between countries

Fiji
Export category Export value
Animal & marine products $6.7M
Processed food, beverages & tobacco $3.99M
Machinery & equipment $771K
Chemicals & pharma $105K
Metals $100K
Textiles & consumer goods $29K
Miscellaneous $27K
Wood & paper products $23K
Thailand
Export category Export value
Machinery & equipment $33.8M
Chemicals & pharma $12.8M
Processed food, beverages & tobacco $6.45M
Raw agricultural goods $4.97M
Textiles & consumer goods $4.74M
Metals $4.06M
Raw materials & minerals $3.76M
Precious metals & jewellery $1.05M
Wood & paper products $850K
Miscellaneous $147K

Balance of trade

Fiji Thailand
Current account balance
-$866M
2022
$11.6B
2024
Current account balance ranking
120/190
2022
23/190
2024
Current account balance, % of GDP
-17.4%
2022
+2.21%
2024
Goods imports
$2.68B
2022
$276B
2024
Goods exports
$1.05B
2022
$297B
2024
Service imports
$754M
2022
$74B
2024
Service exports
$1.33B
2022
$71.9B
2024
Imports of goods and services, % of GDP
69.2%
2023
66.7%
2024
Exports of goods and services, % of GDP
57%
2023
70%
2024

Economic freedom indices

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

Fiji Thailand
Economic freedom 59.5 62.2
Economic freedom ranking 103/197 88/197
Property rights 59.9 41.8
Government integrity 55.4 38.9
Judicial effectiveness 53.2 35
Tax burden 87.8 80.8
Government spending 70 83.6
Fiscal health 7.5 81
Business freedom 69.5 69.9
Labor freedom 66.9 56.4
Monetary freedom 72.4 73.3
Trade freedom 66.6 70.2
Investment freedom 55 55
Financial freedom 50 60

Economic freedom comparison by year

Fiji
Thailand
1x
Year Economic freedom index
Fiji Thailand
2026 59.5 62.2
2025 59.1 60.6
2024 58 59
2023 58 60.6
2022 56.4 63.2
2021 62.2 69.7
2020 63.4 69.4
2019 62.2 68.3
2018 62 67.1
2017 63.4 66.2
2016 58.8 63.9
2015 59 62.4
2014 58.7 63.3
2013 57.2 64.1
2012 57.3 64.9
2011 60.4 64.7
2010 60.3 64.1
2009 61 63
2008 61.8 62.3
2007 60.8 63.5
2006 58.4 63.3
2005 58.2 62.5
2004 58 63.7
2003 54.7 65.8
2002 53.9 69.1
2001 53.7 68.9
2000 57.8 66.6
1999 58.4 66.9
1998 58.2 67.3
1997 58 66.1
1996 57.4 71
1995 54.7 71.3

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

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

The Economic Freedom Index for Fiji is 59.5, ranking 103/197, compared to 62.2 for Thailand, ranking 88/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Fiji Thailand
Services, % of GDP
54.6%
2024
59.2%
2024
Industry, % of GDP
16.5%
2024
32.1%
2024
Agriculture, forestry, and fishing, % of GDP
13.2%
2024
8.71%
2024
GNI, Atlas method
$5.4B
2024
$509B
2024
GNI per capita, PPP
$14,490
2024
$23,960
2024
Total reserves including gold
$1.6B
2024
$237B
2024
Total reserves ranking
133/177
2024
15/177
2024
Net foreign direct investment
-$86.9M
2022
-$6.95B
2024
Net inflows of foreign direct investment
$204M
2024
$14.3B
2024
Net outflows of foreign direct investment
$25.6M
2024
$7.36B
2024
Servicing debt to the IMF, % of GNI
4.36%
2024
3.52%
2024
Poverty at national poverty lines
31%
2020
5.4%
2022
Gross capital formation, % of GDP
19.7%
2023
21.6%
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/thailand | 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 (1992–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1948–1995, 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)
  6. TradeMap (2022–2024, 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.