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 peaked at 23% of GDP in 2006, and declined to less than 12% of GDP in 2013.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): GDP - composition, by end use:
GDP - composition, by sector of origin:
Agriculture - products: Industries: Industrial production growth rate: Labor force: Labor force - by occupation:
Unemployment rate: Population below poverty line: Household income or consumption by percentage share:
Budget:
Taxes and other revenues: Budget surplus (+) or deficit (-): Public debt: Fiscal year: 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: Current account balance: Exports: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Reserves of foreign exchange and gold: Debt - external: Stock of direct foreign investment - at home: Stock of direct foreign investment - abroad: Exchange rates:
$4.45 billion (2013 est.)
country comparison to the world: 174
$4.319 billion (2012 est.)
$4.226 billion (2011 est.)
note:
data are in 2013 US dollars
[see also: GDP country ranks ]
$4.218 billion (2013 est.)
[see also: GDP (official exchange rate) country ranks ]
3% (2013 est.)
country comparison to the world: 116
2.2% (2012 est.)
1.9% (2011 est.)
[see also: GDP - real growth rate country ranks ]
$4,900 (2013 est.)
country comparison to the world: 161
$4,800 (2012 est.)
$4,700 (2011 est.)
note:
data are in 2013 US dollars
[see also: GDP - per capita country ranks ]
household consumption:
90.4%
government consumption:
16%
investment in fixed capital:
22.7%
investment in inventories:
0%
exports of goods and services:
39.7%
imports of goods and services:
-68.8%
(2013 est.)
agriculture:
11.7%
industry:
18.1%
services:
70.2% (2013 est.)
sugarcane, coconuts, cassava (manioc, tapioca), rice, sweet potatoes, bananas; cattle, pigs, horses, goats; fish
tourism, sugar, clothing, copra, gold, silver, lumber, small cottage industries
2.5% (2013 est.)
country comparison to the world: 119
[see also: Industrial production growth rate country ranks ]
335,000 (2007 est.)
country comparison to the world: 163
[see also: Labor force country ranks ]
agriculture:
70%
industry and services:
30% (2001 est.)
7.6% (1999)
country comparison to the world: 83
[see also: Unemployment rate country ranks ]
31% (2009 est.)
[see also: Population below poverty line country ranks ]
lowest 10%:
2.6%
highest 10%:
34.9% (2009 est.)
revenues:
$1.084 billion
expenditures:
$1.192 billion (2013 est.)
25.7% of GDP (2013 est.)
country comparison to the world: 117
[see also: Taxes and other revenues country ranks ]
-2.6% of GDP (2013 est.)
country comparison to the world: 108
[see also: Budget surplus (+) or deficit (-) country ranks ]
56.2% of GDP (2013 est.)
country comparison to the world: 54
53.5% of GDP (2012 est.)
[see also: Public debt country ranks ]
calendar year
3% (2013 est.)
country comparison to the world: 113
4.4% (2012 est.)
[see also: Inflation rate (consumer prices) country ranks ]
1.75% (31 December 2010 est.)
country comparison to the world: 105
3% (31 December 2009 est.)
[see also: Central bank discount rate country ranks ]
6.2% (31 December 2013 est.)
country comparison to the world: 119
7% (31 December 2012 est.)
[see also: Commercial bank prime lending rate country ranks ]
$1.549 billion (31 December 2013 est.)
country comparison to the world: 135
$1.453 billion (31 December 2012 est.)
[see also: Stock of narrow money country ranks ]
$2.697 billion (31 December 2013 est.)
country comparison to the world: 146
$2.578 billion (31 December 2012 est.)
[see also: Stock of broad money country ranks ]
$2.168 billion (31 December 2013 est.)
country comparison to the world: 131
$1.958 billion (31 December 2012 est.)
[see also: Stock of domestic credit country ranks ]
$452.5 million (31 December 2012 est.)
country comparison to the world: 103
$392.2 million (31 December 2011)
$418.8 million (31 December 2010 est.)
[see also: Market value of publicly traded shares country ranks ]
-$492.3 million (2013 est.)
country comparison to the world: 99
-$425.1 million (2012 est.)
[see also: Current account balance country ranks ]
$1.026 billion (2013 est.)
country comparison to the world: 160
$932.4 million (2012 est.)
[see also: Exports country ranks ]
sugar, garments, gold, timber, fish, molasses, coconut oil
US 14.6%, Australia 13.2%, Japan 6.9%, Samoa 5.8%, Tonga 5.1% (2012)
$2.054 billion (2013 est.)
country comparison to the world: 163
$1.867 billion (2012 est.)
[see also: Imports country ranks ]
manufactured goods, machinery and transport equipment, petroleum products, food, chemicals
Singapore 32.8%, Australia 15.5%, NZ 14.5%, China 10.7% (2012)
$963.7 million (31 December 2013 est.)
country comparison to the world: 136
$921.4 million (31 December 2012 est.)
[see also: Reserves of foreign exchange and gold country ranks ]
$779.9 million (31 December 2013 est.)
country comparison to the world: 167
$685.5 million (31 December 2012 est.)
[see also: Debt - external country ranks ]
$3.17 billion (31 December 2013 est.)
country comparison to the world: 96
$2.903 billion (31 December 2012 est.)
[see also: Stock of direct foreign investment - at home country ranks ]
$43.03 million (31 December 2013 est.)
country comparison to the world: 88
$44.08 million (31 December 2012 est.)
[see also: Stock of direct foreign investment - abroad country ranks ]
Fijian dollars (FJD) per US dollar -
1.845 (2013 est.)
1.7899 (2012 est.)
1.9183 (2010 est.)