Fiji's GDP changed from approximately $1B 303M in 1980 to $5B 801M in 2024, showing an overall 345.2% sharply increased during the period.
The lowest GDP was recorded in 1988 at $1B 202M, and the highest in 2024 at $5B 801M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 3.5%.
For comparison, the average annual growth rate of Tonga was 4.9%, and that of Samoa was 4.9%.
Overview of Fiji's GDP (1980–2024)
The Gross Domestic Product (GDP) of Fiji recorded a 345.2% sharply increased from 1980 to 2024.
The average GDP during this period was $2B 939M, and the median was $2B 307M.
GDP fluctuated within a range of $4B 599M, with a standard deviation of $1B 531M.
The average annual change was $110M 704K.
Fiji GDP from 1980 to 2024
The total market value of goods and services produced annually in Fiji.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
Highest and Lowest GDP Records
- Lowest GDP: 1988, $1B 202M
- Highest GDP: 2024, $5B 801M
- Most Recent GDP: 2024, $5B 801M
Notable Annual GDP Changes
- 2011: Significant increase in GDP
- 2020: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Fiji's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $5B 444M → $4B 432M
- Outcome: sharply declined
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $3B 688M → $3B 106M
- Outcome: sharply declined
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $1B 824M → $1B 798M
- Outcome: declined
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $2B 268M → $1B 795M
- Outcome: sharply declined
Key Economic Indicators of Fiji (1980–2024)
| year | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
1980 | $ 1B 303M | $ 2,056.07 | $ 2,696.51 | $ 1B 709M | -1.694 % | -3.151 % | 0 % | 0 % | 634,000 people |
1981 | $ 1B 339M | $ 2,062.16 | $ 3,054.32 | $ 1B 983M | 6.004 % | -13.496 % | 0 % | 0 % | 649,000 people |
1982 | $ 1B 293M | $ 1,941.77 | $ 3,125.81 | $ 2B 81M | -1.092 % | -9.173 % | 0 % | 0 % | 666,000 people |
1983 | $ 1B 217M | $ 1,781.08 | $ 3,034.29 | $ 2B 73M | -4.212 % | -8.7 % | 0 % | 0 % | 683,000 people |
1984 | $ 1B 276M | $ 1,828.86 | $ 3,388.71 | $ 2B 364M | 10.107 % | -5.345 % | 0 % | 0 % | 698,000 people |
1985 | $ 1B 236M | $ 1,744.39 | $ 3,311.87 | $ 2B 347M | -3.774 % | -5.417 % | 0 % | 0 % | 709,000 people |
1986 | $ 1B 398M | $ 1,954.09 | $ 3,568.40 | $ 2B 552M | 6.596 % | -2.514 % | 0 % | 0 % | 715,000 people |
1987 | $ 1B 276M | $ 1,776.90 | $ 3,380.29 | $ 2B 427M | -7.194 % | 1.536 % | 0 % | 0 % | 718,000 people |
1988 | $ 1B 202M | $ 1,672.49 | $ 3,616.48 | $ 2B 600M | 3.462 % | 5.535 % | 0 % | 0 % | 719,000 people |
1989 | $ 1B 281M | $ 1,747.12 | $ 4,196.50 | $ 3B 77M | 13.888 % | -1.274 % | 0 % | 0 % | 733,000 people |
1990 | $ 1B 448M | $ 1,959.19 | $ 4,568.96 | $ 3B 378M | 5.802 % | -9.174 % | 0 % | 0 % | 739,000 people |
1991 | $ 1B 500M | $ 2,012.45 | $ 4,559.15 | $ 3B 398M | -2.7 % | -4.925 % | 0 % | 0 % | 745,000 people |
1992 | $ 1B 659M | $ 2,208.96 | $ 4,908.18 | $ 3B 687M | 6.1 % | -2.422 % | 0 % | 0.724 % | 751,000 people |
1993 | $ 1B 772M | $ 2,339.82 | $ 5,114.49 | $ 3B 873M | 2.6 % | -5.089 % | 0 % | 0.858 % | 757,000 people |
1994 | $ 1B 977M | $ 2,590.93 | $ 5,447.17 | $ 4B 157M | 5.1 % | -1.85 % | 0 % | 2.495 % | 763,000 people |
1995 | $ 2B 134M | $ 2,779.97 | $ 5,671.58 | $ 4B 354M | 2.6 % | -1.463 % | 0 % | 3.498 % | 768,000 people |
1996 | $ 2B 307M | $ 2,975.91 | $ 5,995.52 | $ 4B 647M | 4.8 % | 0.813 % | 0 % | -0.847 % | 775,000 people |
1997 | $ 2B 268M | $ 2,900.26 | $ 5,898.83 | $ 4B 614M | -2.4 % | -2.649 % | 0 % | -1.532 % | 782,000 people |
1998 | $ 1B 795M | $ 2,270.07 | $ 5,977.96 | $ 4B 726M | 1.3 % | -0.416 % | 0 % | 9.405 % | 791,000 people |
1999 | $ 2B 104M | $ 2,638.51 | $ 6,534.08 | $ 5B 210M | 8.7 % | -2.393 % | 0 % | 3.496 % | 797,000 people |
