External balance on goods and services in Fiji
Fiji: External balance on goods and services was -10.2% in 2024. ◆ Volatile
External balance on goods and services in Fiji, 1980–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
The most recent figure for external balance on goods and services in Fiji is -10.2%, measured in 2024.
That represents a change of up 9.9% on the previous year and down 65.2% over ten years.
Over the whole period, external balance on goods and services in Fiji peaked at 5.1% in 1988 and was at its lowest, -19.3%, in 2022.
Fiji ranks 130th of 193 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
External balance on goods and services in Fiji, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1980 | -3.4% | — |
| 1981 | -14.4% | +325.8% |
| 1982 | -6.4% | -55.6% |
| 1983 | -5.4% | -15.2% |
| 1984 | -1.1% | -80.4% |
| 1985 | -0.4% | -64.4% |
| 1986 | 2.2% | -676.4% |
| 1987 | 3.2% | +48.4% |
| 1988 | 5.1% | +55.5% |
| 1989 | 2.3% | -54.2% |
| 1990 | -4.8% | -308.0% |
| 1991 | -3.2% | -33.7% |
| 1992 | -3.0% | -6.2% |
| 1993 | -7.1% | +135.9% |
| 1994 | -3.0% | -57.1% |
| 1995 | -3.6% | +17.2% |
| 1996 | 4.0% | -212.7% |
| 1997 | 2.6% | -34.9% |
| 1998 | 2.5% | -3.8% |
| 1999 | -0.4% | -115.9% |
| 2000 | -5.1% | +1185.4% |
| 2001 | -8.1% | +57.9% |
| 2002 | -2.5% | -69.7% |
| 2003 | -8.4% | +244.1% |
| 2004 | -16.7% | +98.2% |
| 2005 | -9.6% | -42.6% |
| 2006 | -17.9% | +86.2% |
| 2007 | -13.2% | -26.3% |
| 2008 | -16.7% | +27.0% |
| 2009 | -10.0% | -40.3% |
| 2010 | -6.4% | -36.4% |
| 2011 | -5.9% | -7.0% |
| 2012 | -3.1% | -48.2% |
| 2013 | -12.6% | +311.3% |
| 2014 | -6.1% | -51.2% |
| 2015 | -3.5% | -42.8% |
| 2016 | -3.9% | +10.4% |
| 2017 | -5.0% | +28.6% |
| 2018 | -7.7% | +55.1% |
| 2019 | -9.4% | +21.5% |
| 2020 | -15.3% | +62.4% |
| 2021 | -18.8% | +23.1% |
| 2022 | -19.3% | +2.4% |
| 2023 | -11.3% | -41.5% |
| 2024 | -10.2% | -9.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -1.8% | -14.4% | 5.1% | 10 |
| 1990s | -1.6% | -7.1% | 4.0% | 10 |
| 2000s | -10.8% | -17.9% | -2.5% | 10 |
| 2010s | -6.4% | -12.6% | -3.1% | 10 |
| 2020s | -14.9% | -19.3% | -10.2% | 5 |
Countries ranked near Fiji
More economy & growth data for Fiji
- Gross national expenditure (current US$), annual growth rate 7.88 % change on previous year (2024)
- Gross national expenditure (current US$), per unit of GDP 1.1 current US$ per US$ of GDP (2024)
- Gross national expenditure (current US$), per capita 7,078 current US$ per person (2024)
- Gross national expenditure (current LCU), annual growth rate 8.75 % change on previous year (2024)
- Gross national expenditure (current LCU), per unit of GDP 2.5 current LCU per US$ of GDP (2024)
- Gross national expenditure (current LCU), per capita 16,055 current LCU per person (2024)
- Exports of goods and services (current US$), annual growth rate 3.1 % change on previous year (2024)
- Exports of goods and services (current US$), per unit of GDP 0.5441 current US$ per US$ of GDP (2024)
- Exports of goods and services (current US$), per capita 3,496 current US$ per person (2024)
- Exports of goods and services (current LCU), annual growth rate 3.93 % change on previous year (2024)
Frequently asked questions
- What is external balance on goods and services in Fiji?
- External balance on goods and services in Fiji was -10.2% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in Fiji?
- The highest recorded value was 5.1% in 1988.
- What is the lowest external balance on goods and services recorded in Fiji?
- The lowest recorded value was -19.3% in 2022.
- How does Fiji rank for external balance on goods and services?
- Fiji ranks 130th out of 193 countries with data for 2024.
- Is external balance on goods and services rising or falling in Fiji?
- Over the last ten years it is down 65.2%. The long-run trend across the full record is volatile.
- Where does this Fiji data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of External balance on goods and services (% of GDP). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. 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.