| Economy - overview | Fiji, endowed with forest, mineral, and fish resources, is one of the most developed and connected of the Pacific island economies. Earnings from the tourism industry, with an estimated 842,884 tourists visiting in 2017, and remittances from Fijian’s working abroad are the country’s largest foreign exchange earners. Bottled water exports to the US is Fiji’s largest domestic export. Fiji's sugar sector remains a significant industry and a major export, but crops and one of the sugar mills suffered damage during Cyclone Winston in 2016. Fiji’s trade imbalance continues to widen with increased imports and sluggish performance of domestic exports. The return to parliamentary democracy and successful elections in September 2014 improved investor confidence, but increasing bureaucratic regulation, new taxes, and lack of consultation with relevant stakeholders brought four consecutive years of decline for Fiji on the World Bank Ease of Doing Business index. Private sector investment in 2017 approached 20% of GDP, compared to 13% in 2013. |
| GDP (purchasing power parity) | $12.178 billion (2019 est.) $12.232 billion (2018 est.) $11.783 billion (2017 est.) note: data are in 2017 dollars |
| GDP (official exchange rate) | $4.891 billion (2017 est.) |
| GDP - real growth rate | 3% (2017 est.) 0.7% (2016 est.) 3.8% (2015 est.) |
| GDP - per capita (PPP) | $13,684 (2019 est.) $13,846 (2018 est.) $13,429 (2017 est.) note: data are in 2017 dollars |
| Gross national saving | 19% of GDP (2018 est.) 18.9% of GDP (2017 est.) 16.1% of GDP (2015 est.) |
| GDP - composition, by end use | household consumption: 81.3% (2017 est.) government consumption: 24.4% (2017 est.) investment in fixed capital: 16.9% (2017 est.) investment in inventories: 0% (2017 est.) exports of goods and services: 29% (2017 est.) imports of goods and services: -51.6% (2017 est.) |
| GDP - composition by sector | agriculture: 13.5% (2017 est.) industry: 17.4% (2017 est.) services: 69.1% (2017 est.) |
| Ease of Doing Business Index scores | Overall score: 61.5 (2020) Starting a Business score: 73.6 (2020) Trading score: 77.9 (2020) Enforcement score: 57.1 (2020) |
| Population below poverty line | 29.9% (2019 est.) |
| Labor force | 353,100 (2017 est.) |
| Labor force - by occupation | agriculture: 44.2% industry: 14.3% services: 41.6% (2011) |
| Unemployment rate | 4.5% (2017 est.) 5.5% (2016 est.) |
| Unemployment, youth ages 15-24 | total: 15.4% male: 11.9% female: 22.4% (2016 est.) |
| Household income or consumption by percentage share | lowest 10%: 2.6% highest 10%: 34.9% (2009 est.) |
| Distribution of family income - Gini index | 36.7 (2013 est.) |
| Budget | revenues: 1.454 billion (2017 est.) expenditures: 1.648 billion (2017 est.) |
| Taxes and other revenues | 29.7% (of GDP) (2017 est.) |
| Budget surplus (+) or deficit (-) | -4% (of GDP) (2017 est.) |
| Public debt | 48.9% of GDP (2017 est.) 47.5% of GDP (2016 est.) |
| Inflation rate (consumer prices) | 3.4% (2017 est.) 3.9% (2016 est.) |
| Credit ratings | Moody's rating: Ba3 (2017) Standard & Poors rating: BB- (2019) |
| Agriculture - products | sugar cane, cassava, taro, poultry, vegetables, coconuts, eggs, milk, ginger, sweet potatoes |
| Industries | tourism, sugar processing, clothing, copra, gold, silver, lumber |
| Industrial production growth rate | 2.8% (2017 est.) |
| Current Account Balance | -$277 million (2017 est.) -$131 million (2016 est.) |
| Exports | $908.2 million (2017 est.) $709 million (2016 est.) |
| Exports - commodities | water, refined petroleum, fish, raw sugar, gold (2019) |
| Exports - partners | United States 29%, Australia 14%, New Zealand 7%, Japan 6%, Tonga 6% (2019) |
| Imports | $1.911 billion (2017 est.) $1.761 billion (2016 est.) |
| Imports - commodities | refined petroleum, aircraft, cars, wheat, broadcasting equipment (2019) |
| Imports - partners | Singapore 18%, Australia 13%, China 13.8%, New Zealand 11%, France 11%, South Korea 8% (2017) |
| Reserves of foreign exchange and gold | $1.116 billion (31 December 2017 est.) $908.6 million (31 December 2016 est.) |
| Debt - external | $1.022 billion (31 December 2017 est.) $696.4 million (31 December 2016 est.) |
| Exchange rates | Fijian dollars (FJD) per US dollar - 2.05955 (2020 est.) 2.17345 (2019 est.) 2.1104 (2018 est.) 2.0976 (2014 est.) 1.8874 (2013 est.) |
| Fiscal year | calendar year |
Source: CIA World Factbook
This page was last updated on September 18, 2021
