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Fiji Economy 2017
https://theodora.com/wfbcurrent/fiji/fiji_economy.html
SOURCE: 2017 CIA WORLD FACTBOOK AND OTHER SOURCES











Fiji Economy 2017
SOURCE: 2017 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on January 12, 2017

Economy - overview:
Fiji, endowed with forest, mineral, and fish resources, is one of the most developed and connected of the Pacific island economies. Earnings from the tourism industry, with an estimated 755,000 tourists visiting in 2015, and remittances from Fijian’s working abroad are the country’s largest foreign exchange earners.Fiji's sugar remains a significant industry and a major export. The sugar industry reforms since 2010 have improved productivity and returns, but the industry faces the complete withdrawal of European Union preferential prices by 2017. Fiji’s trade imbalance continues to widen with increased imports and sluggish performance of domestic exports.The return to parliamentary democracy and successful elections in September 2014 have boosted investor confidence. Private sector investment in 2015 exceeded 20% of GDP, compared to 13% in 2013.

GDP (purchasing power parity):
$8.374 billion (2016 est.) $8.17 billion (2015 est.) $7.833 billion (2014 est.)
note: data are in 2016 dollars
country comparison to the world: 163
[see also: GDP country ranks ]

GDP (official exchange rate):
$4.556 billion (2015 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
2.5% (2016 est.) 4.3% (2015 est.) 5.3% (2014 est.)
country comparison to the world: 115
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$9,400 (2016 est.) $9,200 (2015 est.) $8,800 (2014 est.)
note: data are in 2016 dollars
country comparison to the world: 142
[see also: GDP - per capita country ranks ]

Gross national saving:
12.3% of GDP (2016 est.) 8.8% of GDP (2015 est.) 7% of GDP (2014 est.)
country comparison to the world: 141
[see also: Gross national saving country ranks ]

GDP - composition, by end use:
household consumption: 72.5%
[see also: GDP - composition, by end use - household consumption country ranks ]
government consumption: 11%
[see also: GDP - composition, by end use - government consumption country ranks ]
investment in fixed capital: 20.5%
[see also: GDP - composition, by end use - investment in fixed capital country ranks ]
investment in inventories: 0%
[see also: GDP - composition, by end use - investment in inventories country ranks ]
exports of goods and services: 50.4%
[see also: GDP - composition, by end use - exports of goods and services country ranks ]
imports of goods and services: -54.4% (2016 est.)
[see also: GDP - composition, by end use - imports of goods and services country ranks ]

GDP - composition, by sector of origin:
agriculture: 10.6%
[see also: GDP - composition, by sector of origin - agriculture country ranks ]
industry: 18.4%
[see also: GDP - composition, by sector of origin - industry country ranks ]
services: 71% (2016 est.)
[see also: GDP - composition, by sector of origin - services country ranks ]

Agriculture - products:
sugarcane, coconuts, cassava (manioc, tapioca), rice, sweet potatoes, bananas; cattle, pigs, horses, goats; fish

Industries:
tourism, sugar, clothing, copra, gold, silver, lumber, small cottage industries

Industrial production growth rate:
1.5% (2016 est.)
country comparison to the world: 126
[see also: Industrial production growth rate country ranks ]

Labor force:
350.1 (2016 est.)
country comparison to the world: 232
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 70%
[see also: Labor force - by occupation - agriculture country ranks ]
industry and services: 30% (2001 est.)

Unemployment rate:
8.8% (2014 est.) 8.7% (2013 est.)
country comparison to the world: 101
[see also: Unemployment rate country ranks ]

Population below poverty line:
31% (2009 est.)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: 2.6%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 34.9% (2009 est.)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Budget:
revenues: $1.232 billion
[see also: Budget revenues country ranks ]
expenditures: $1.469 billion (2016 est.)
[see also: Budget expenditures country ranks ]

Taxes and other revenues:
27% of GDP (2016 est.)
country comparison to the world: 97
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-5.2% of GDP (2016 est.)
country comparison to the world: 165
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
50.2% of GDP (2016 est.) 48.6% of GDP (2015 est.)
country comparison to the world: 91
[see also: Public debt country ranks ]

Fiscal year:
calendar year

Inflation rate (consumer prices):
2.1% (2016 est.) 1.4% (2015 est.)
country comparison to the world: 113
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
1.75% (31 December 2010) 3% (31 December 2009)
country comparison to the world: 117
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
5.9% (31 December 2016 est.) 5.79% (31 December 2015 est.)
country comparison to the world: 130
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$2.083 billion (31 December 2016 est.) $1.931 billion (31 December 2015 est.)
country comparison to the world: 129
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$3.62 billion (31 December 2016 est.) $3.325 billion (31 December 2015 est.)
country comparison to the world: 142
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$3.365 billion (31 December 2016 est.) $3.068 billion (31 December 2015 est.)
country comparison to the world: 131
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$452.5 million (31 December 2012 est.) $392.2 million (31 December 2011 est.) $418.8 million (31 December 2010 est.)
country comparison to the world: 113
[see also: Market value of publicly traded shares country ranks ]

Current account balance:
-$329 million (2016 est.) -$235 million (2015 est.)
country comparison to the world: 96
[see also: Current account balance country ranks ]

Exports:
$986.3 million (2016 est.) $1.233 billion (2015 est.)
country comparison to the world: 156
[see also: Exports country ranks ]

Exports - commodities:
sugar, garments, gold, timber, fish, molasses, coconut oil, mineral water

Exports - partners:
US 13.4%, Australia 10.2%, Samoa 6.7%, Tonga 5.9% (2015)

Imports:
$2.397 billion (2016 est.) $2.283 billion (2015 est.)
country comparison to the world: 155
[see also: Imports country ranks ]

Imports - commodities:
manufactured goods, machinery and transport equipment, petroleum products, food, chemicals

Imports - partners:
China 16.2%, South Korea 15.7%, NZ 14%, Australia 13.4%, Singapore 8.7%, France 7% (2015)

Reserves of foreign exchange and gold:
$884 million (31 December 2016 est.) $918.8 million (31 December 2015 est.)
country comparison to the world: 128
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$833.4 million (31 December 2016 est.) $820.1 million (31 December 2015 est.)
country comparison to the world: 169
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:
$4.347 billion (31 December 2016 est.) $4.047 billion (31 December 2015 est.)
country comparison to the world: 103
[see also: Stock of direct foreign investment - at home country ranks ]

Stock of direct foreign investment - abroad:
$192.6 million (31 December 2016 est.) $189.6 million (31 December 2015 est.)
country comparison to the world: 97
[see also: Stock of direct foreign investment - abroad country ranks ]

Exchange rates:
Fijian dollars (FJD) per US dollar - 2.11 (2016 est.) 2.0976 (2015 est.) 2.0976 (2014 est.) 1.8874 (2013 est.) 1.79 (2012 est.)


NOTE: The information regarding Fiji on this page is re-published from the 2017 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Fiji Economy 2017 information contained here. All suggestions for corrections of any errors about Fiji Economy 2017 should be addressed to the CIA.




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