Fiji


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$ 833.454 million (Source: IMF; Data updated: 2012)
Gross Domestic Product - GDP US$ 3.671 billion (2007 estimate)
GDP (Purchasing Power Parity) 4.25 billion of International dollars (2007 estimate)
Real GDP growth
2001 2002 2003 2004 2005 2006 2007 2008
2% 3.2% 1% 5.5% 0.6% 1.9% -0.5% 1%
2009 2010 2011 2012*
-1.3% -0.2% 2% 1.5%

*Estimate

GDP per capita - current prices US$ 4,083 (2007 estimate)
GDP per capita - PPP $4,728 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 March 2012)

Inflation
2009 2010 2011 2012*
3.7%(2008) 5.5% 8.6% 4.9%

*Estimate

Unemployment rate
2009 2010 2011 2012*
7% 7% 7%(2009) 7%

*Estimate

Household saving rates N/A

(Data released on December 2011)

Public debt (General government gross debt as a % of GDP)
2008 2009 2010 2011 2012*
50.5% 55.9% 55.3% 53.9% 53.5%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2008 2009 2010 2011* 2012**
0.3% -4.3% -1.6% -2% -1.6%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: B

Moody's rating: B1

Moody's outlook: NEG

(Foreign Currency Government Bond Ratings; Data last updated Dec 2011 and Nov 2012)

Market value of publicly traded shares
2009 2010 2011
US$1.607 billion US$1.404 billion US$1.372 billion
Largest companies in Fiji N/A
DATA ON TRADE AND COMPETITIVENESS
Current account balance US$ -361 million (2007 estimate)(After 2008)
Current account balance by percentage of GDP -9.8% of GDP (2007 estimate)(2009)
Exports as percent of GDP

(Exports of goods and services)

52.5% (2010)

(Data released on April 2012)

Shares in world total merchandising export 0%(2007)

(Data were released in 2012 and refer to 2011)

Shares in world total commercial services export 0.02% (2010)(2007)

(Data were released in 2012)

Total exports US$991.6 million (2012 estimate) 
Export commodities sugar, garments, gold, timber, fish, molasses, coconut oil
Total imports US$1.938 billion (2012 estimate) 
Import commodities manufactured goods, machinery and transport equipment, petroleum products, food, chemicals
Exports - major partners Australia 14.3%, US 11%, Japan 6.3%, UK 5.9%, Samoa 5.8%, Tonga 5.1% (2011)
Imports - major partners Singapore 34.1%, Australia 16.3%, NZ 14.1%, China 8.9% (2011)
FDI inflows
2009 2010 2011
US$137 million US$195 million(2009) US$204 million(2009)
FDI outflows
2009 2010 2011
US$3 million US$6 million US$-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 2010

(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 2011

(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 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 60 out of 185 countries(2009) (2013)

Subcategories:

Starting a business: 138 out of 185 countries(2009)

Enforcing Contracts: 67 out of 185 countries

Registering Property: 58 out of 185 countries

Getting credit: 70 out of 185 countries

Protecting investors: 49 out of 185 countries

Trading across border: 111 out of 185 countries

Paying Taxes: 85 out of 185 countries

Dealing with Construction Permits: 82 out of 185 countries

Getting Electricity: 79 out of 185 countries

Resolving Insolvency: 48 out of 185 countries

(2013)

Global competitiveness ranking
(ranking by country on a basis of 144, the first is the best)
N/A

(2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 105 Score: 57.3 (Mostly Unfree) (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 2012* 2017**
0.63 million 0.72 million 0.81 million 0.9 million 0.92 million

*Estimate    **Forecast

Urban population as % of total population
1960 1980 2000 2011
29.7% 37.8% 48.3% 52.2%
Population median age 26 years (2010)
Population growth rate 0.9% (2011)
Life expectancy 69 years (2010)
Adult literacy N/A
% of population living on less than $2 a day N/A
Inequality of wealth distribution (Gini index)

42.83 (2009)

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:6
Civil Liberties:4 (2011)

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

Total telephone subscribers as % of population

98.67% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population 28% (Data were released in 2012 and refer to 2011)
Cost of living - Mercer 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)

0.9938 (Data were released in 2012 and refer to 2009)

GLOBAL FINANCE RANKINGS AND AWARDS
ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE