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ECON FACTBOOK

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Economy of Fiji

Population: 881 thousand in 20131

GDP: $4.03 billion in 20132

GDP per capita: $4,375 nominal3 ($7,948 PPP4) in 2013

GDP growth rate: 3.5% in 20135

Industries

GDP by Industry 20126

Industry sectorValue added ($ millions) 2012Percent of total
Other activities1,00832.1%
Wholesale, retail trade, restaurants and hotels59218.8%
Manufacturing50115.9%
Transport, storage and communication46914.9%
Agriculture, hunting, forestry, fishing38112.1%
Mining and utilities1073.4%
Construction842.7%
Total value added3,142100%

Employment

Unemployment rate: 8.1% in 20137

Employment by Industry 20018

Employment sectorPercent of total
Agriculture70%
Industry and sevices30%
Total100%

Corporations

Top 10 Corporations by Revenue 20139

N/A

Households

Household Wealth: $3 billion (74% of GDP) in 201410

Household Wealth per Adult: $6,487 in 201410

Gini Coefficient: .428 in 201311

Government

Central Government

Central Government Revenue: $1.08 billion (27% of GDP) in 201312

Central Government Expenditure: $1.19 billion (30% of GDP) in 201312

Central Government Budget Balance: -$0.11 billion (-3% of GDP) in 201312

Central Government Public Debt: $1.88 billion (47% of GDP) in Dec 2013* 13

Central Government 10 Year Bond Interest Rate: 4.24% in Mar 201414

* Public debt calculated using the exchange rate 2.04 FJD = 1 USD

Government Funds

N/A

Tax Structure

Individual Income Tax Rates and Thresholds in 2013* 15

Corporate Tax Rate: 20% in 201416

* Individual thresholds calculated using the exchange rate 2.04 FJD = 1 USD

Monetary Policy

Money Supply (M0): $769 million (19% of GDP) in Jul 2014* 17

Benchmark Interest Rate: 0.50% in Jan 201518

Total Reserves: $941 million (23% of GDP) in 201319

Exchange Rate: 2.04 Fijian Dollars = 1 U.S. Dollar on Feb 20, 201520

Inflation: 2.9% in 201321

* Money supply calculated using the exchange rate 2.04 FJD = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 201322

N/A (data not available at Relbanks.com)

International Accounts

Exports: $1.03 billion (26% of GDP) in 201323

Imports: $2.05 billion (51% of GDP) in 201323

Trade Balance: -$1.02 billion (-25% of GDP) in 201323

Foreign Direct Investment Inflow: $158 million (4% of GDP) in 201324

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: $107 million (3% of GDP) in 201225

Foreign Aid Outflow: N/A

References

1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: CIA World Factbook (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
11. Source: UN Human Development Report (Gini coefficient) Go back
12. Source: CIA World Factbook (Government budget) Go back
13. Source: Fiji Ministry of Finance, Publications (Public debt) Go back
14. Source: Reserve Bank of Fiji, Economic Review (Government bond yield) Go back
15. Source: Ernst & Young, Worldwide Personal Tax Guide (Individual tax rates) Go back
16. Source: Tax Foundation (Corporate tax rate) Go back
17. Source: Reserve Bank of Fiji, Publications, Quarterly Reviews (Money supply) Go back
18. Source: Reserve Bank of Fiji (Benchmark interest rate) Go back
19. Source: World Bank Indicators (Total reserves) Go back
20. Source: xe.com (Exchange rate) Go back
21. Source: World Bank Indicators (Inflation rate) Go back
22. Source: Relbanks.com (Financial institutions by assets) Go back
23. Source: CIA World Factbook (Trade data) Go back
24. Source: World Bank Indicators (FDI data) Go back
25. Source: World Bank Indicators (Aid data) Go back