Browse additional economic indicators and data sets

Fiji

Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Fiji economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Fiji best banks and safest banks are also available.

Basic Information

Government Type: Parliamentary republic

Capital City: Suva (on Viti Levu)

GDP & Economic Information

Macroeconomy & Sovereign Data

Central Bank Reserve Bank of Fiji
Currency Fijian dollars (FJD)
International Reserves USD 0.9 billion (2018)

International Monetary Fund (IMF), data retrieved October 2019
Gross Domestic Product – GDP USD 5.1 billion (2018, estimate)
GDP (Purchasing Power Parity)
Intl$ 9.1 billion (2018, estimate)

GDP Data

Real GDP growth 2014: 5.6%
2015: 3.8%
2016: 0.7%
2017*: 3%
2018*: 3.2%
*Estimate
GDP per capita – current prices USD 5,751.7 (2018, estimate)
GDP per capita – PPP Intl$ 10,233.6 (2018, estimate)
GDP (PPP) – share of world total 1980: 0.01%
1990: 0.01%
2000: 0.01%
2010: 0.01%
2019*: 0.007%
*Estimate
GDP – composition by sector agriculture: 10.4%
industry: 16.1%
services: 54%
(2018 estimate)
Gross domestic expenditure on R&D; (% of GDP) N/A
Inflation 2015: 1.4%
2016: 3.9%
2017: 3.4%
2018*: 4.1%
2019*: 3.5%
*Estimate

Inflation & Debt

Inflation 2015: 1.4%
2016: 3.9%
2017: 3.4%
2018*: 4.1%
2019*: 3.5%
*Estimate
Government Bond Ratings
Standard & Poor’s: BB-

Moody’s: Ba3

Standard & Poor’s / Moody’s
Unemployment rate 2015: 5.5%
2016: 5.5%
2017*: 4.5%
2018*: 4.5%
2019*: 4.5%
*Estimate
Household saving rates N/A
Public debt (General government gross debt as a % of GDP) 2015: 43%
2016: 44%
2017: 43.7%
2018*: 46.2%
2019*: 46.8%
*Estimate
Public deficit (General government net lending/borrowing as a % of GDP) 2015: -3.8%
2016: -1.3%
2017: -1.8%
2018*: -5.5%
2019*: -3.1%
*Estimate
Market value of publicly traded shares N/A
Largest Companies N/A

Import/Export

Exports as percent of GDP (Exports of goods and services) N/A
Shares in world total merchandising export 0.01% (2018)
Shares in world total commercial services export 0.03% (2018)
Total exports USD 2.6 billion (2018)
Export commodities Fuel, including oil, fish, beverages, gems, sugar, garments, gold, timber, fish, molasses, coconut oil, mineral water
Total imports USD 3.1 billion (2018 estimate)
Import commodities Manufactured goods, machinery and transport equipment, petroleum products, food and beverages, chemicals, tobacco
Exports – major partners US 20.8%, Australia 14.9%, NZ 7.7%, Tonga 5%, Vanuatu 4.6%, China 4.5%, Spain 4.3%, UK 4.3%, Kiribati 4.1% (2017)
Imports – major partners Australia 19.2%, NZ 17.2%, Singapore 17%, China 13.8% (2017)

Competitiveness & Trade

Current account balance USD -0.5 billion (2018 estimate)
Current account balance by percentage of GDP -8.9% (2018 estimate)
FDI inflows 2016: USD 390 million
2017: USD 386 million
2018: USD 344 million
FDI Outflows 2016: USD -16.4 million
2017: USD -1.6 million
2018: USD -3.6 million
Value of cross-border M&A, by country of purchaser N/A


United Nations Conference on Trade and Development (UNCTAD) – World Investment Report
Cross-border M&A deals worth over $3 billion completed in 2014 N/A
Cross-border M&A deals worth over $3 billion completed in 2015 N/A
Best countries for doing business Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking:

102 out of 190 countries

​Subcategories:
Starting a Business: 163 out of 190 countries
Dealing with Construction Permits: 102 out of 190 countries
Getting Electricity: 97 out of 190 countries
Registering Property: 57 out of 190 countries
Getting Credit: 165 out of 190 countries
Protecting Minority Investors: 97 out of 190 countries
Paying Taxes: 101 out of 190 countries
Trading across Borders: 79 out of 190 countries
Enforcing Contracts: 101 out of 190 countries
Resolving Insolvency: 98 out of 190 countries
World Bank – Doing Business 2019
Global competitiveness ranking N/A
Index of Economic Freedom Ranking: 81 / Score: 62.2 (Moderately free)

Population & Geographic Data

Time Zone UTC+1

Total Area 18,274 sq km
Total Population 1990: 0.74 million
2000: 0.8 million
2010: 0.85 million
2015: 0.87 million
2020*: 0.9 million
*Estimate
Urban population as % of total population 1960: 29.7%
1980: 37.8%
2000: 47.9%
2018: 56.2%
Population median age 29.2 years
Population growth rate 0.56% (2018 estimate)

Life expectancy 73.2 years (2018 estimate)
% of population living on less than $3.10 a day 14.1% (last available estimate, 2013)
Inequality of wealth distribution (Gini index) 36.7 (last available estimate, 2013)
Freedom House rating Partly Free
Political Rights: 3
Civil Liberties: 3 (2019)

(1 represents the most free, 7 the least free rating)
Total telephone subscribers as % of population Fixed: 8.7% Mobile: 0% (2018) (fixed-telephone subscribers and mobile-cellular subscribers)
​(fixed-telephone subscribers and mobile-cellular subscribers)
Internet users as % of total population 49.97 % (2017)

Language & Religon

Languages English (official), Fijian (official), Hindustani
Literacy N/A
Religions
Protestant 45% (Methodist 34.6%, Assembly of God 5.7%, Seventh Day Adventist 3.9%, and Anglican 0.8%), Hindu 27.9%, other Christian 10.4%, Roman Catholic 9.1%, Muslim 6.3%, Sikh 0.3%, other 0.3%, none 0.8% (2007 est.)

World Rankings

Population 0.9 M
Mercer Cost of living index N/A
C02 Emissions per capita 1.35 metric tons per capita (2014)


Global Finance Rankings & Awards: Fiji

Global Finance Magazine holds several conferences and awards ceremonies throughout the year to recognize the winning financial institutions and companies in a host of categories including World’s Best Trade Finance Banks, World's Biggest Banks, World's Safest Banks, World's Best Developed & Emerging Markets Banks, World's Best Internet Banks, and World’s Best Investment Banks.

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Data Sources:

IMF World Economic Outlook

UN World Population Prospects

World Inequality Report

S&P Global Ratings

Moody’s

Fitch Ratings

IMF Direction of Trade Statistics (DOTS)

UN Conference on Trade and Development (UNCTAD)

CIA The World Factbook

World Bank’s World Integrated Trade Solution

Forbes Global 2000

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