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Economy - overview:
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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 and a growing tourist industry - with 300,000 to 400,000 tourists annually - are the major sources of foreign exchange. Sugar processing makes up one-third of industrial activity. Long-term problems include low investment, uncertain land ownership rights, and the government's ability to manage its budget.
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GDP:
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purchasing power parity - $4.822 billion (2002 est.)
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GDP - real growth rate:
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4.6% (2002 est.)
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GDP - per capita:
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purchasing power parity - $5,600 (2002 est.)
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GDP - composition by sector:
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agriculture: 17%
industry: 25%
services: 58% (2000 est.)
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Population below poverty line:
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25.5% (1990-91)
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Household income or consumption by percentage share:
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lowest 10%: NA%
highest 10%: NA%
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Inflation rate (consumer prices):
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2% (2002 est.)
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Labor force:
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137,000 (1999)
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Labor force - by occupation:
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agriculture, including subsistence agriculture 70% (2001 est.)
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Unemployment rate:
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7.6% (1999)
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Budget:
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revenues: $427.9 million
expenditures: $531.4 million, including capital expenditures of $NA (2000 est.)
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Industries:
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tourism, sugar, clothing, copra, gold, silver, lumber, small cottage industries
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Industrial production growth rate:
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NA%
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Electricity - production:
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520.1 million kWh (2001)
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Electricity - production by source:
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fossil fuel: 18.5%
hydro: 81.5%
other: 0% (2001)
nuclear: 0%
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Electricity - consumption:
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483.7 million kWh (2001)
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Electricity - exports:
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0 kWh (2001)
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Electricity - imports:
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0 kWh (2001)
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Oil - production:
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0 bbl/day (2001 est.)
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Oil - consumption:
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5,700 bbl/day (2001 est.)
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Oil - exports:
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NA (2001)
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Oil - imports:
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NA (2001)
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Agriculture - products:
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sugarcane, coconuts, cassava (tapioca), rice, sweet potatoes, bananas; cattle, pigs, horses, goats; fish
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Exports:
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$442 million f.o.b. (2001)
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Exports - commodities:
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sugar, garments, gold, timber, fish, molasses, coconut oil
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Exports - partners:
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US 25.1%, Australia 19.5%, UK 10.6%, Japan 6.3%, Samoa 5.5% (2002)
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Imports:
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$642 million c.i.f. (2001)
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Imports - commodities:
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manufactured goods, machinery and transport equipment, petroleum products, food, chemicals
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Imports - partners:
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Australia 37.3%, New Zealand 17.2%, Singapore 16.1%, Japan 4.2%, China 4% (2002)
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Debt - external:
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$135.9 million (2000)
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Economic aid - recipient:
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$40.3 million (1995)
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Currency:
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Fijian dollar (FJD)
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Currency code:
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FJD
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Exchange rates:
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Fijian dollars per US dollar - 2.19 (2002), 2.28 (2001), 2.13 (2000), 1.97 (1999), 1.99 (1998)
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Fiscal year:
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calendar year
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