Fiji GDP Data & Country Report

Fiji Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Fiji; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION

Central bank

Reserve Bank of Fiji

International Reserves

US$ 720.523 million (Source: World Bank; Data updated: November 2010)

Gross Domestic Product - GDP

US$ 3.276 billion (2007 estimate)

GDP (Purchasing Power Parity)

3.974 billion of International dollars (2007 estimate)

Real GDP growth

2000	2001	2002	2003	2004	2005	2006	2007
-1.8%	2%	3.2%	1%	5.5%	0.6%	1.9%	-0.5%
2008	2009	2010	2011*
-0.1%	-3%	0.1%	1.3%

*Estimate

GDP per capita - current prices

US$ 3,681 (2007 estimate)

GDP per capita - PPP

$4,465 International Dollars (2007 estimate)

GDP (PPP) - share of world total

1980	1990	2000	2010	2015**
0.01%	0.01%	0.01%	0.01%	0.01%

**Forecast

GDP - composition by sector

agriculture: 16.1%
industry: 24.2%
services: 59.7% (2011 estimate)

(Data released on February 2012)

Gross domestic expenditure on R&D (% of GDP)

N/A

(Data released on November 2010)

Inflation

2008	2009	2010	2011*
7.7%(2008)	3.1%	5.4%	3.8%

*Estimate

Unemployment rate

2008	2009	2010	2011*
7.5%	7%	7%(2009)	7%

*Estimate

Household saving rates

N/A

(Data released on November 2010)

Public debt (General government gross debt as a % of GDP)

2007	2008	2009	2010	2011*
49.9%	51.2%	55.4%	55.9%	58.9%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)

2007	2008	2009	2010*	2011**
-1.5%	0.2%	-4.5%	-3.9%	-3%

*Estimate **Forecast

Government bond ratings

Standard & Poor's: B-/Stable/C

Moody's rating: B1

Moody's outlook: NEG

(Foreign Currency Government Bond Ratings; Data last updated Nov 2010)

Market value of publicly traded shares

2007	2008	2009
US$522 million	US$568 million	N/A

Largest companies in Fiji

N/A

DATA ON TRADE AND COMPETITIVENESS

Current account balance

US$ -0.3 billion (2007 estimate)(After 2008)

Current account balance by percentage of GDP

-8.9% of GDP (2007 estimate)(2009)

Exports as percent of GDP

(Exports of goods and services)

45.3% (2009)

(Data released on December 2010)

Shares in world total merchandising export

0%(2007)

(Data were released in Nov 2011 and refer to 2010)

Shares in world total commercial services export

0.02%(2007)

(Data were released in Nov 2011 and refer to 2010)

Total exports

N/A

Export commodities

sugar, garments, gold, timber, fish, molasses, coconut oil

Total imports

US$3.12 billion c.i.f. (2006)

Import commodities

manufactured goods, machinery and transport equipment, petroleum products, food, chemicals

Exports - major partners

US 17.3%, UK 11.3%, Australia 10%, Samoa 5.4%, Tonga 4.7%, NZ 4.5%, Japan 4.1% (2007)

Imports - major partners

Singapore 30.4%, Australia 21.6%, NZ 17.7%, China 4.5% (2007)

FDI inflows

2008	2009	2010
US$354 million	US$114 million(2009)	US$129 million(2009)

FDI outflows

2008	2009	2010
US$-8 million	US$3 million	US$3 million

Value of cross-border M&A, by country of purchaser

2008	2009	2010	2011
N/A	N/A(2009)	N/A(2009)	N/A

Cross-border M&A deals worth over $3 billion completed in 2008

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 – 183. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 62 out of 183 countries(2009) (2010)

Subcategories:

Starting a business: 104 out of 183 countries(2009)

Registering property: 50 out of 183 countries

Paying Taxes: 77 out of 183 countries

Getting credit: 46 out of 183 countries

Protecting investors: 44 out of 183 countries

Trading across border: 103 out of 183 countries

Enforcing Contracts: 63 out of 183 countries

(2010)

Global competitiveness ranking
(ranking by country on a basis of 142, the first is the best)

N/A

(2011/2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 86 Score: 60.4 (Moderately Free) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW

Time zone

UTC+12

Total area

18,274 km² (2006)

Capital

Suva (On Viti Levu) (2009)

Currency

Fijian dollars (FJD) (2009)

Government type

republic (2009)

Languages

English (official), Fijian (official), Hindustani

Religions

Christian 64.5% (Methodist 34.6%, Roman Catholic 9.1%, Assembly of God 5.7%, Seventh Day Adventist 3.9%, Anglican 0.8%, other 10.4%), Hindu 27.9%, Muslim 6.3%, Sikh 0.3%, other or unspecified 0.3%, none 0.7% (2007 census)

Total population

1980	1990	2000	2010*	2015**
0.63 million	0.72 million	0.81 million	0.89 million	0.89 million

*Estimate **Forecast

Urban population as % of total population

1960	1980	2000	2009
29.7%	37.8%	48.3%	52.9%

Population median age

24.0 years (2006)

Population growth rate

0.6% (2009)

Life expectancy

69 years (2007)

Adult literacy

N/A

% of population living on less than $2 a day

N/A

Inequality of wealth distribution (Gini index)

N/A

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:6
Civil Liberties:4 (2010)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

132.11% (2010)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population

14.82% (Data were released in 2011 and refer to 2010)

Cost of living index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

N/A

CO2 emissions
(Metric tons of CO2 per capita)

1.4857 (2008)

GLOBAL FINANCE RANKINGS AND AWARDS

ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE

Fiji GDP Data & Country Report | Global Finance