27, Apr 2015, EDT. Welcome to the Fiji economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.
Economic Indicators For: Fiji › Change country
National or Regional Currency: Fiji Dollar, FJ
Year of data: 2014 › Change year
Number of Indicators Listed: 33
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 903,207 (July 2014 est.)
Area: total: 18,274 sq km ; land: 18,274 sq km ; water: 0 sq km
Natural Resources: timber, fish, gold, copper, offshore oil potential, hydropower
Capital: name: Suva (on Viti Levu) ; geographic coordinates: 18 08 S, 178 25 E ; time difference: UTC+12 (17 hours ahead of Washington, DC, during Standard Time) ; daylight saving time: +1hr, begins fourth Sunday in October; ends third Sunday in January
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.
More on the Fiji Economy
More on the Fiji Export, Import and Trade
GDP (Constant Prices, National Currency) for Fiji in year 2014 is FJ 5.458 Billion.
GDP (Current Prices, National Currency) for Fiji in year 2014 is FJ 7.876 Billion.
GDP (Current Prices, US Dollars) for Fiji in year 2014 is US$ 4.173 Billion.
GDP Deflator for Fiji in year 2014 is 144.283 (Index, Base Year as per country's accounts = 100).
GDP Per Capita (Current Prices, US Dollars) for Fiji in year 2014 is US$ 4,712.40 .
GDP (PPP), US Dollars for Fiji in year 2014 is US$ 7.292 Billion.
GDP Per Capita (PPP), US Dollars for Fiji in year 2014 is US$ 8,234.75 .
Investment (% of GDP) for Fiji in year 2014 is 19.587 %.
Inflation, Average Consumer Prices (Indexed to Year 2000) for Fiji in year 2014 is 123.671 (Index, Base Year 2000 = 100).
Inflation, End of Year (Indexed to Year 2000) for Fiji in year 2014 is 126.896 (Index, Base Year 2000 = 100).
Population for Fiji in year 2014 is 0.885 Million .
General government revenue (National Currency) for Fiji in year 2014 is FJ 2.287 Billions.
General government total expenditure (National Currency) for Fiji in year 2014 is FJ 2.452 Billions.
Total Government Net Lending/ Borrowing (National Currency) for Fiji in year 2014 is FJ -0.165 Billions.
Fiscal Year Gross Domestic Product, Current Prices for Fiji in year 2014 is FJ 7.876 Billions.
Current Account Balance (US Dollars) for Fiji in year 2014 is US$ -0.424 Billion.
Current Account Balance (% GDP) for Fiji in year 2014 is -10.169 %.
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Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International