GeographyIQ.comGeographyIQ.com
  Home
  Rankings


A B C D E F
G H I J K L
M N O P Q R
S T U V W Y
Z          


Currency Converter

 


World > Oceania > Fiji > Economy (Facts)

Fiji - Economy (Facts)
Economy - overview: Fiji, endowed with forest, mineral, and fish resources, is one of the most developed of the Pacific island economies, though still with a large subsistence sector. Sugar exports, remittances from Fijians working abroad, and a growing tourist industry - with 300,000 to 400,000 tourists annually - are the major sources of foreign exchange. Fiji's sugar has special access to European Union markets, but will be harmed by the EU's decision to cut sugar subsidies. Sugar processing makes up one-third of industrial activity but is not efficient. Fiji's tourism industry was damaged by the 2006 coup and is facing an uncertain recovery time. Long-term problems include low investment, uncertain land ownership rights, and the government's inability to manage its budget. Overseas remittances from Fijians working in Kuwait and Iraq have increased significantly.
GDP - real growth rate: 3.1% (2006 est.)
GDP (purchasing power parity): $5.594 billion (2006 est.)
GDP (official exchange rate): $2.045 billion (2006 est.)
GDP - per capita (PPP): $6,200 (2006 est.)
GDP - composition by sector: agriculture: 8.9%
industry: 13.5%
services: 77.6% (2004 est.)
Population below poverty line: 25.5% (FY90/91)
Household income or consumption by percentage share: lowest 10%: NA
highest 10%: NA
Inflation rate (consumer prices): 3% (2005)
Labor force: 137,000 (1999)
Labor force - by occupation: agriculture: 70%
industry and services: 30% (2001 est.)
Unemployment rate: 7.6% (1999)
Budget: revenues: $720.5 million
expenditures: $728.3 million; including capital expenditures of NA (2005)
Industries: tourism, sugar, clothing, copra, gold, silver, lumber, small cottage industries
Industrial production growth rate: NA
Electricity - production: 817 million kWh (2004)
Electricity - consumption: 759.8 million kWh (2004)
Electricity - exports: 0 kWh (2004)
Electricity - imports: 0 kWh (2004)
Oil - production: 0 bbl/day (2004 est.)
Oil - consumption: 10,000 bbl/day (2004 est.)
Oil - exports: NA bbl/day
Oil - imports: NA bbl/day
Oil - proved reserves: 0 bbl
Natural gas - production: 0 cu m (2004 est.)
Agriculture - products: sugarcane, coconuts, cassava (tapioca), rice, sweet potatoes, bananas; cattle, pigs, horses, goats; fish
Exports: $719.6 million f.o.b. (2005)
Exports - commodities: sugar, garments, gold, timber, fish, molasses, coconut oil
Exports - partners: US 16.8%, Australia 13.9%, UK 13.5%, Japan 5.3%, Samoa 4.7%, Tonga 4.1% (2006)
Imports: $1.462 billion c.i.f. (2005)
Imports - commodities: manufactured goods, machinery and transport equipment, petroleum products, food, chemicals
Imports - partners: Singapore 28.9%, Australia 23.4%, NZ 16.9%, China 4.7% (2006)
Debt - external: $127 million (2004 est.)
Economic aid - recipient: $63.9 million (2004)
Currency: Fiji Dollar (FJD)

Current Fiji Dollar Exchange Rates
Historical Fiji Dollar Exchange Rates
Chart Fiji Dollar Exchange Rates
Currency code: FJD
Exchange rates: Fijian dollars per US dollar - 1.7313 (2006), 1.691 (2005), 1.7331 (2004), 1.8958 (2003), 2.1869 (2002)
Fiscal year: calendar year


Facts at a Glance: Geography - People - Government - Economy - Communications - Transportation - Military - Climate - Current Time - Ranking Positions - Fiji Dollar Exchange Rates
Notes and Commentary: People - Economy - Government and Political Conditions - Historical Highlights - Foreign Relations - Relations with U.S.



Facts at a Glance
Geography
People
Government
Economy
Communications
Transportation
Military
Climate
Current Time
Ranking Positions
Fiji Dollar Exchange Rates


Notes and Commentary
People
Economy
Government and Political Conditions
Historical Highlights
Foreign Relations
Relations with U.S.





   Privacy Policy

   Portions of this site are based on public domain works from the U.S. Dept. of State and the CIA World Fact Book
   All original material copyright © 2002 - GeographyIQ.com. All Rights Reserved.
   For comments and feedback, write to us at info@GeographyIQ.com.