Fiji's current account balance (% of GDP) was -7.78% in 2024, the latest year in the World Bank's World Development Indicators. That is down 2 percentage points from -5.78% in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | -7.78% | 2024 |
| Five years earlier | -11.78% | 2019 |
| Ten years earlier | -5.78% | 2014 |
| Highest | 6.36% | 1988 |
| Lowest | -16.45% | 2006 |
| Average since 2015 | -8.32% | 2015–2024 |
| First recorded | -5.76% | 1979 |
What the numbers say
In 2024, Fiji's current account balance (% of GDP) fell 1.17 percentage points on 2023 (from -6.61% to -7.78%).
Across the 30 yearly changes before that (1994 to 2023), the average change was +0.06 percentage points and a typical year strayed about 4.96 percentage points from that (the standard deviation). This year's change was 0.2 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 10.62 percentage points in 2009 and the biggest yearly fall was 11.6 percentage points in 1981. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 there is no clear straight-line trend: a straight line explains 23% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Fiji had the 24th highest value of the 30 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Fiji in the 2024 ranking
- Bahamas, The — 21st of 30: -6.65%
- Mauritius — 22nd of 30: -7.03%
- Guinea-Bissau — 23rd of 30: -7.36%
- Mauritania — 25th of 30: -9.55%
- Rwanda — 26th of 30: -11.96%
- Namibia — 27th of 30: -13.41%
What this measures
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
All 46 values
| Year | Current account balance (% of GDP) |
|---|---|
| 2024 | -7.78 |
| 2023 | -6.61 |
| 2022 | -15.51 |
| 2021 | -7.2 |
| 2020 | -12.13 |
| 2019 | -11.78 |
| 2018 | -8.45 |
| 2017 | -6.64 |
| 2016 | -3.61 |
| 2015 | -3.47 |
| 2014 |
Current account balance (% of GDP) in nearby economies
- Australia — -2.77% (2025)
- Brunei Darussalam — 18.01% (2025)
- Cambodia — -3.72% (2025)
- China — 3.77% (2025)
- French Polynesia — 7.49% (2016)
- Hong Kong SAR, China — 12.25% (2025)
- Indonesia — -0.09% (2025)
- Japan — 4.86% (2025)
- Kiribati — -15.23% (2025)
- Korea, Rep. — 6.57% (2025)
- Lao PDR
More economic policy & debt data for Fiji
- Gross Value Added (GVA) at basic prices (current US$) — US$5.26 billion (2025)
- Gross Value Added (GVA) at basic prices (current LCU) — 12.1 billion (2025)
- Gross Value Added (GVA) at basic prices (constant 2015 US$) — US$4.32 billion (2025)
- Gross Value Added (GVA) at basic prices (constant LCU) — 10.69 billion (2025)
- GDP (current US$) — US$6.2 billion (2025)
- GDP (current LCU) — 14.25 billion (2025)
- GDP (constant 2015 US$) — US$5.69 billion (2025)
- GDP (constant LCU) — 12.59 billion (2025)
- GDP per capita (current US$) — US$6,642 (2025)
- GDP per capita (current LCU) — 15,270 (2025)
Reading data like this
Questions people ask
- What is Fiji's current account balance (% of GDP)?
- -7.78% in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1979?
- It is down 2.02 percentage points from -5.76% in 1979. The highest value was 6.36% in 1988 and the lowest -16.45% in 2006.
- How does Fiji rank?
- 24th highest of 30 economies with data for 2024.
- Is the latest change in current account balance (% of GDP) unusual for Fiji?
- In 2024, Fiji's current account balance (% of GDP) fell 1.17 percentage points on 2023 (from -6.61% to -7.78%). Across the 30 yearly changes before that (1994 to 2023), the average change was +0.06 percentage points and a typical year strayed about 4.96 percentage points from that (the standard deviation). This year's change was 0.2 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator BN.CAB.XOKA.GD.ZS, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF); World Development Indicators Database, World Bank (WB); National Accounts data files, Organisation for Economic Co-operation and Development (OECD) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
Legal entity
Devansh Yadav
Moradabad, Uttar Pradesh
Governing law: Courts at Moradabad, Uttar Pradesh
Phone: +91 8433475698
Legal: legal@analyzeit.in