| 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 | 2.2% (2005 est.) |
|
| GDP - real growth rate | 3.1% (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% |
|
| 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 -
production by source | fossil fuel: 18.5%
hydro: 81.5%
nuclear: 0%
other: 0% (2001) |
|
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 |
|
| 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 19.7%, Australia 17%, UK 12.3%, Japan 5.4%, Samoa 4.1% (2005) |
|
| Imports | $1.462 billion c.i.f. (2005) |
|
| Imports - commodities | manufactured goods, machinery and transport equipment, petroleum products, food, chemicals |
|
| Imports - partners | Singapore 27.5%, Australia 23.7%, NZ 19%, Thailand 4.5% (2005) |
|
| Debt - external | $127 million (2004 est.) |
|
| Economic aid - recipient | $63.9 million (2004) |
|
| 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 |
|
