Fiji: Interest payments (% of revenue)

Key figures

What the numbers say

In 2024, Fiji's interest payments (% of revenue) fell 2.62 percentage points on 2023 (from 16.48% to 13.86%).

Across the 25 yearly changes before that (1991 to 2023), the average change was +0.2 percentage points and a typical year strayed about 2.22 percentage points from that (the standard deviation). This year's change was 1.3 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was 7.5 percentage points in 2020 and the biggest yearly fall was 3.5 percentage points in 2008. 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 the straight-line trend is upward, about 0.91 percentage points a year. A straight line explains 53% of the movement over 10 observed years.

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 21st highest value of the 86 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

• El Salvador — 18th of 86: 14.32%
• Papua New Guinea — 19th of 86: 14.18%
• Colombia — 20th of 86: 13.9%
• Ethiopia — 22nd of 86: 12.62%
• Armenia — 23rd of 86: 12.6%
• Guatemala — 24th of 86: 12.48%

What this measures

Interest payments include interest payments on government debt (including long-term bonds, long-term loans, and other debt instruments) to domestic and foreign residents. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.

Limitations: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD).

Regional and income-group figures are computed by the World Bank as a median.

All 28 values

Interest payments (% of revenue) in nearby economies

• Australia — 3.08% (2022)
• Cambodia — 1.84% (2023)
• China — 3.44% (2021)
• Kiribati — 0.71% (2023)
• Korea, Rep. — 5.26% (2024)
• Lao PDR — 11.85% (2022)
• Malaysia — 15.55% (2024)
• Marshall Islands — 0.39% (2020)
• Micronesia, Fed. Sts. — 0.38% (2020)
• Mongolia — 4.26% (2024)
• New Zealand

More public sector data for Fiji

• Military expenditure (current USD) — 81.16 million (2025)
• Military expenditure (current LCU) — 184.81 million (2025)
• Military expenditure (% of GDP) — 1.33% (2025)
• Military expenditure (% of general government expenditure) — 4.17% (2025)
• Armed forces personnel, total — 4,000 (2020)
• Armed forces personnel (% of total labor force) — 1.13% (2020)
• Grants and other revenue (current LCU) — 564.11 million (2024)
• Grants and other revenue (% of revenue) — 14.82% (2024)
• Revenue, excluding grants (current LCU) — 3.6 billion (2024)
• Revenue, excluding grants (% of GDP)

Reading data like this

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Questions people ask

What is Fiji's interest payments (% of revenue)?

13.86% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1990?

It is up 1.15 percentage points from 12.71% in 1990. The highest value was 18.71% in 2020 and the lowest 9.17% in 2017.

How does Fiji rank?

21st highest of 86 economies with data for 2024.

Is the latest change in interest payments (% of revenue) unusual for Fiji?

In 2024, Fiji's interest payments (% of revenue) fell 2.62 percentage points on 2023 (from 16.48% to 13.86%). Across the 25 yearly changes before that (1991 to 2023), the average change was +0.2 percentage points and a typical year strayed about 2.22 percentage points from that (the standard deviation). This year's change was 1.3 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.

Source

World Bank, World Development Indicators, indicator GC.XPN.INTP.RV.ZS, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) 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.

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