🏳️ Fiji

Public Sector Debt · 2026

Total Debt

88.0%

of GDP

Global Rank

#38

of 192

S&P Rating

B+

Credit rating

SOE Debt

+8.2%

3 categories

5yr Change

-9pp

improving

Where the Debt Sits

Central Government

Central Government: 75.8%Subnational: 4.0%Dev Banks: 1.6%Infrastructure: 0.9%Public Corps: 5.7%

Full Debt Breakdown

Central Government75.8% of GDP

Central GovernmentIMF WEO — General Government Debt

75.8%

Subnational / Regional4.0% of GDP

SubnationalIMF WEO — General Government Debt

4.0%

Infrastructure SOEs0.9% of GDP

Housing Authority of FijiFiji Government Annual Debt Report 2023-2024→Guaranteed borrowing FJD$113.6M. $150M guarantee renewed 2024-2029.

0.9%

Public Corporations5.7% of GDP

Fiji AirwaysFiji Government Annual Debt Report 2023-2024→Largest guaranteed entity: FJD$366.7M. Majority state-owned. Central to tourism-driven economy and regional air cargo.

3.0%

Fiji Sugar Corporation + EFLFiji Government Annual Debt Report 2023-2024; IMF Fiji 2024→FSC guaranteed debt FJD$323.6M. Total govt guarantees 7.4% GDP (FJD$1.004B). IMF noted sizable guarantees (9% GDP end-FY2023) + subsidies >1% GDP.

2.7%

Development Banks1.6% of GDP

Fiji Development Bank (FDB)Fiji Government Annual Debt Report 2023-2024→Guaranteed borrowing FJD$200.4M. Parliament approved $130M guarantee for 2024-25 period. National development financial institution est. 1966.

1.6%

Total Corporate Debt78.4% of GDP

NF corporate debt (est.)WB WDI 2020

78.4%

Household Debt42.2% of GDP

Household debt (est.)WB WDI 2020

42.2%

All Layers Total208.6%