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, remittances from Fijians working abroad, and a growing tourist industry - with 400,000 to 500,000 tourists annually - are the major sources of foreign exchange. Fiji's sugar has special access to European Union markets but will be harmed by the EU's decision to cut sugar subsidies. Sugar processing makes up one-third of industrial activity but is not efficient. Fiji's tourism industry was damaged by the December 2006 coup and is facing an uncertain recovery time. In 2007 tourist arrivals were down almost 6%, with substantial job losses in the service sector, and GDP dipped. The coup has created a difficult business climate. The EU has suspended all aid until the interim government takes steps toward new elections. Long-term problems include low investment, uncertain land ownership rights, and the government's inability to manage its budget. Overseas remittances from Fijians working in Kuwait and Iraq have decreased significantly. Fiji's current account deficit reached 23% of GDP in 2006.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): GDP - composition by sector: Labor force: Labor force - by occupation: Unemployment rate: Population below poverty line: Household income or consumption by percentage share: Budget: Inflation rate (consumer prices): Central bank discount rate: Commercial bank prime lending rate: Stock of narrow money: Stock of broad money: Stock of domestic credit: Market value of publicly traded shares: Agriculture - products: Industries: Industrial production growth rate: Electricity - production: Electricity - consumption: Electricity - exports: Electricity - imports: Oil - production: Oil - consumption: Oil - exports: Oil - imports: Oil - proved reserves: Natural gas - production: Natural gas - consumption: Natural gas - exports: Natural gas - imports: Natural gas - proved reserves: Current account balance: Exports: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Debt - external: Stock of direct foreign investment - at home: Stock of direct foreign investment - abroad: Exchange rates:
NOTE: The information regarding Fiji on this page is re-published from the 2011 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Fiji Economy 2011 information contained here. All suggestions for corrections of any errors about Fiji Economy 2011 should be addressed to the CIA.
$3.792 billion (2010 est.)
country comparison to the world: 169
note:
data are in 2010 US dollars
[see also: GDP (purchasing power parity) country ranks ]
$3.154 billion (2009 est.)
[see also: GDP (official exchange rate) country ranks ]
1.8% (2010 est.)
country comparison to the world: 156
[see also: GDP - real growth rate country ranks ]
$4,300 (2010 est.)
country comparison to the world: 156
note:
data are in 2010 US dollars
[see also: GDP - per capita country ranks ]
agriculture: 8.9%
[see also: GDP - composition by sector - agriculture country ranks ]
industry:
13.5%
[see also: GDP - composition by sector - industry country ranks ]
services:
77.6% (2004 est.)
[see also: GDP - composition by sector - services country ranks ]
335,000 (2007 est.)
country comparison to the world: 161
[see also: Labor force country ranks ]
agriculture: 70%
[see also: Labor force - by occupation - agriculture country ranks ]
industry and services:
30% (2001 est.)
7.6% (1999)
country comparison to the world: 81
[see also: Unemployment rate country ranks ]
25.5% (FY90/91)
[see also: Population below poverty line country ranks ]
lowest 10%: NA%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%:
NA%
[see also: Household income or consumption by percentage share - highest 10% country ranks ]
revenues: $1.363 billion
[see also: Budget - revenues country ranks ]
expenditures:
$1.376 billion (2006)
[see also: Budget - expenditures country ranks ]
4.8% (2007)
country comparison to the world: 138
[see also: Inflation rate (consumer prices) country ranks ]
3% (31 December 2009)
country comparison to the world: 70
[see also: Central bank discount rate country ranks ]
7.85% (31 December 2009 est.)
country comparison to the world: 120
[see also: Commercial bank prime lending rate country ranks ]
$748 million (31 December 2008)
[see also: Stock of narrow money country ranks ]
$NA (31 December 2009)
[see also: Stock of broad money country ranks ]
$NA (31 December 2008)
[see also: Stock of domestic credit country ranks ]
$NA (31 December 2009)
country comparison to the world: 105
[see also: Market value of publicly traded shares country ranks ]
sugarcane, coconuts, cassava (tapioca), rice, sweet potatoes, bananas; cattle, pigs, horses, goats; fish
tourism, sugar, clothing, copra, gold, silver, lumber, small cottage industries
NA%
[see also: Industrial production growth rate country ranks ]
928 million kWh (2007 est.)
country comparison to the world: 147
[see also: Electricity - production country ranks ]
863 million kWh (2007 est.)
country comparison to the world: 148
[see also: Electricity - consumption country ranks ]
0 kWh (2008 est.)
[see also: Electricity - exports country ranks ]
0 kWh (2008 est.)
[see also: Electricity - imports country ranks ]
0 bbl/day (2009 est.)
country comparison to the world: 175
[see also: Oil - production country ranks ]
11,000 bbl/day (2009 est.)
country comparison to the world: 147
[see also: Oil - consumption country ranks ]
2,455 bbl/day (2007 est.)
country comparison to the world: 111
[see also: Oil - exports country ranks ]
20,340 bbl/day (2007 est.)
country comparison to the world: 112
[see also: Oil - imports country ranks ]
0 bbl (1 January 2010 est.)
country comparison to the world: 180
[see also: Oil - proved reserves country ranks ]
0 cu m (2008 est.)
country comparison to the world: 196
[see also: Natural gas - production country ranks ]
0 cu m (2008 est.)
country comparison to the world: 185
[see also: Natural gas - consumption country ranks ]
0 cu m (2008 est.)
country comparison to the world: 180
[see also: Natural gas - exports country ranks ]
0 cu m (2008 est.)
country comparison to the world: 180
[see also: Natural gas - imports country ranks ]
0 cu m (1 January 2010 est.)
country comparison to the world: 180
[see also: Natural gas - proved reserves country ranks ]
-$507 million (2007 est.)
country comparison to the world: 117
[see also: Current account balance country ranks ]
$1.202 billion (2006)
country comparison to the world: 148
[see also: Exports country ranks ]
sugar, garments, gold, timber, fish, molasses, coconut oil
US 15.21%, Australia 12.11%, UK 11.23%, Samoa 5.39%, Tonga 4.74%, Japan 4.44% (2009)
$3.12 billion (2006)
country comparison to the world: 138
[see also: Imports country ranks ]
manufactured goods, machinery and transport equipment, petroleum products, food, chemicals
Singapore 27.27%, Australia 19.36%, NZ 15.15%, China 6.92%, India 5.23%, Thailand 4.25% (2009)
$127 million (2004 est.)
country comparison to the world: 180
[see also: Debt - external country ranks ]
$NA
[see also: Stock of direct foreign investment - at home country ranks ]
$NA
[see also: Stock of direct foreign investment - abroad country ranks ]
Fijian dollars (FJD) per US dollar - NA (2007), 1.7313 (2006), 1.691 (2005), 1.7331 (2004), 1.8958 (2003)
This page was last modified 09-Feb-11