Economy - overview:
Fiji, endowed with forest, mineral, and fish resources, is one of the most developed of the Pacific island economies, though still with a large subsistence sector. Sugar exports and a growing tourist industry - with 300,000 to 400,000 tourists annually - are the major sources of foreign exchange. Sugar processing makes up one-third of industrial activity. Long-term problems include low investment, uncertain land ownership rights, and the government's ability to manage its budget.
GDP:
purchasing power parity - $4.7 billion (2002 est.)
GDP - real growth rate:
4.1% (2002 est.)
GDP - per capita:
purchasing power parity - $5,500 (2002 est.)
GDP - composition by sector:
agriculture: 17%
industry: 25%
services: 58% (2000 est.)
Population below poverty line:
25.5% (1990-91)
Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%
Inflation rate (consumer prices):
2% (2002 est.)
Labor force:
137,000 (1999)
Labor force - by occupation:
agriculture, including subsistence agriculture 70% (2001 est.)
Unemployment rate:
7.6% (1999)
Budget:
revenues: $427.9 million
expenditures: $531.4 million, including capital expenditures of $NA (2000 est.)
Industries:
tourism, sugar, clothing, copra, gold, silver, lumber, small cottage industries
Industrial production growth rate:
NA%
Electricity - production:
520.1 million kWh (2001)
Electricity - production by source:
fossil fuel: 18.5%
hydro: 81.5%
other: 0% (2001)
nuclear: 0%
Electricity - consumption:
483.69 million kWh (2001)
Electricity - exports:
0 kWh (2001)
Electricity - imports:
0 kWh (2001)
Oil - production:
0 bbl/day (2001 est.)
Oil - consumption:
5,700 bbl/day (2001 est.)
Oil - exports:
NA (2001)
Oil - imports:
NA (2001)
Agriculture - products:
sugarcane, coconuts, cassava (tapioca), rice, sweet potatoes, bananas; cattle, pigs, horses, goats; fish
Exports:
$442 million f.o.b. (2001)
Exports - commodities:
sugar, garments, gold, timber, fish, molasses, coconut oil
Exports - partners:
Australia 25.6%, US 22.5%, UK 15.1%, Pacific islands 11.2%, NZ 4.2%, Japan (2001)
Imports:
$642 million c.i.f. (2001)
Imports - commodities:
manufactured goods, machinery and transport equipment, petroleum products, food, chemicals
Imports - partners:
Australia 39.8%, NZ 18.7%, Singapore 5.5%, US 5.0%, Japan 4.7%, Hong Kong, Taiwan (2001)
Debt - external:
$135.9 million (2000)
Economic aid - recipient:
$40.3 million (1995)
Currency:
Fijian dollar (FJD)
Currency code:
FJD
Exchange rates:
Fijian dollars per US dollar - 2.1869 (2002), 2.2766 (2001), 2.1286 (2000), 1.9696 (1999), 1.9868 (1998)
Fiscal year:
calendar year
NOTE: The information regarding Fiji on this page is re-published from the 2003 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Guinea Geography 2003 information contained here. All suggestions for corrections of any errors about Fiji Economy 2003 should be addressed to the CIA.
