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 792,300 tourists visiting in 2016, and remittances from Fijian’s working abroad are the country’s largest foreign exchange earners.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. The sector also faces the complete withdrawal of European Union preferential prices in 2017. 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): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): Gross national saving: GDP - composition, by end use: GDP - composition, by sector of origin: Agriculture - products: Industries: Industrial production growth rate: Labor force: Labor force - by occupation: Unemployment rate: Population below poverty line: Household income or consumption by percentage share: Budget: Taxes and other revenues: Budget surplus (+) or deficit (-): Public debt: Fiscal year: Inflation rate (consumer prices): Central bank discount rate: Commercial bank prime lending rate: Stock of narrow money: Stock of broad money: Stock of domestic credit: Market value of publicly traded shares: Current account balance: Exports: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Reserves of foreign exchange and gold: Debt - external: Stock of direct foreign investment - at home: Stock of direct foreign investment - abroad: Exchange rates:
$8.647 billion (2017 est.)
$8.33 billion (2016 est.)
$8.299 billion (2015 est.)
note: data are in 2017 dollars
country comparison to the world: 163
$5.054 billion (2016 est.)
[see also: GDP (official exchange rate) country ranks ]
3.8% (2017 est.)
0.4% (2016 est.)
3.8% (2015 est.)
country comparison to the world: 78
[see also: GDP - real growth rate country ranks ]
$9,900 (2017 est.)
$9,500 (2016 est.)
$9,500 (2015 est.)
note: data are in 2017 dollars
country comparison to the world: 139
10.6% of GDP (2017 est.)
9.7% of GDP (2016 est.)
16.9% of GDP (2015 est.)
country comparison to the world: 154
[see also: Gross national saving country ranks ]
household consumption: 71.6%
[see also: GDP - composition, by end use - household consumption country ranks ]
government consumption: 16%
[see also: GDP - composition, by end use - government consumption country ranks ]
investment in fixed capital: 18.4%
[see also: GDP - composition, by end use - investment in fixed capital country ranks ]
investment in inventories: 0%
[see also: GDP - composition, by end use - investment in inventories country ranks ]
exports of goods and services: 44.2%
[see also: GDP - composition, by end use - exports of goods and services country ranks ]
imports of goods and services: -50.3% (2017 est.)
[see also: GDP - composition, by end use - imports of goods and services country ranks ]
agriculture: 10.6%
[see also: GDP - composition, by sector of origin - agriculture country ranks ]
industry: 17.9%
[see also: GDP - composition, by sector of origin - industry country ranks ]
services: 71.5% (2017 est.)
[see also: GDP - composition, by sector of origin - services country ranks ]
sugarcane, coconuts, cassava (manioc, tapioca), rice, sweet potatoes, bananas; cattle, pigs, horses, goats; fish
tourism, sugar processing, clothing, copra, gold, silver, lumber, small cottage industries
2.8% (2017 est.)
country comparison to the world: 105
[see also: Industrial production growth rate country ranks ]
353,100 (2017 est.)
country comparison to the world: 161
[see also: Labor force country ranks ]
agriculture: 70%
[see also: Labor force - by occupation - agriculture country ranks ]
industry and services: 30% (2001 est.)
5.5% (2017 est.)
5.5% (2016 est.)
country comparison to the world: 77
[see also: Unemployment rate country ranks ]
31% (2009 est.)
[see also: Population below poverty line country ranks ]
lowest 10%: 2.6%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 34.9% (2009 est.)
revenues: $1.446 billion
[see also: Budget - revenues country ranks ]
expenditures: $1.687 billion (2017 est.)
[see also: Budget - expenditures country ranks ]
28.6% of GDP (2017 est.)
country comparison to the world: 91
[see also: Taxes and other revenues country ranks ]
-4.8% of GDP (2017 est.)
country comparison to the world: 158
[see also: Budget surplus (+) or deficit (-) country ranks ]
50.4% of GDP (2017 est.)
49.6% of GDP (2016 est.)
country comparison to the world: 101
[see also: Public debt country ranks ]
calendar year
3.8% (2017 est.)
3.9% (2016 est.)
country comparison to the world: 150
[see also: Inflation rate (consumer prices) country ranks ]
1.75% (31 December 2010)
3% (31 December 2009)
country comparison to the world: 118
[see also: Central bank discount rate country ranks ]
6% (31 December 2017 est.)
5.85% (31 December 2016 est.)
country comparison to the world: 126
[see also: Commercial bank prime lending rate country ranks ]
$2.138 billion (31 December 2017 est.)
$1.994 billion (31 December 2016 est.)
country comparison to the world: 133
[see also: Stock of narrow money country ranks ]
$3.693 billion (31 December 2017 est.)
$3.486 billion (31 December 2016 est.)
country comparison to the world: 140
[see also: Stock of broad money country ranks ]
$3.663 billion (31 December 2017 est.)
$3.295 billion (31 December 2016 est.)
country comparison to the world: 134
[see also: Stock of domestic credit country ranks ]
$452.5 million (31 December 2012 est.)
$392.2 million (31 December 2011 est.)
$418.8 million (31 December 2010 est.)
country comparison to the world: 114
[see also: Market value of publicly traded shares country ranks ]
-$254 million (2017 est.)
-$236 million (2016 est.)
country comparison to the world: 92
[see also: Current account balance country ranks ]
$758.6 million (2017 est.)
$709 million (2016 est.)
country comparison to the world: 169
[see also: Exports country ranks ]
sugar, garments, gold, timber, fish, molasses, coconut oil, mineral water
US 21.8%, Australia 18.1%, NZ 8.5%, China 6.2%, Tonga 5.1%, Vanuatu 5.1%, UK 4.5%, Kiribati 4.1% (2016)
$1.918 billion (2017 est.)
$1.844 billion (2016 est.)
country comparison to the world: 161
[see also: Imports country ranks ]
manufactured goods, machinery and transport equipment, petroleum products, food, chemicals
NZ 17.1%, Australia 17%, Singapore 15.1%, China 15%, Japan 6.7% (2016)
$966.8 million (31 December 2017 est.)
$908.6 million (31 December 2016 est.)
country comparison to the world: 127
[see also: Reserves of foreign exchange and gold country ranks ]
$750.4 million (31 December 2017 est.)
$696.4 million (31 December 2016 est.)
country comparison to the world: 171
[see also: Debt - external country ranks ]
$4.342 billion (31 December 2017 est.)
$4.022 billion (31 December 2016 est.)
country comparison to the world: 106
[see also: Stock of direct foreign investment - at home country ranks ]
$117.1 million (31 December 2017 est.)
$115.1 million (31 December 2016 est.)
country comparison to the world: 103
[see also: Stock of direct foreign investment - abroad country ranks ]
Fijian dollars (FJD) per US dollar -
2.075 (2017 est.)
2.0947 (2016 est.)
2.0947 (2015 est.)
2.0976 (2014 est.)
1.8874 (2013 est.)