Fiji

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Location - Fiji:
People - Fiji:
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Economy - Fiji:
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. Fijis sugar has special access to European Union markets, but will be harmed by the EUs decision to cut sugar subsidies. Sugar processing makes up one-third of industrial activity but is not efficient. Fijis 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 governments inability to manage its budget. Overseas remittances from Fijians working in Kuwait and Iraq have increased significantly.

Gdp purchasing power parity	$5.594 billion (2006 est.)

Gdp official exchange rate	$2.045 billion (2006 est.)

Gdp real growth rate	3.1% (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.)

Labor force	137,000 (1999)

Labor force by occupation	agriculture: 70% industry and services: 30% (2001 est.)

Unemployment rate	7.6% (1999)

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)

Budget	revenues: $720.5 million expenditures: $728.3 million; including capital expenditures of $NA (2005)

Agriculture products	sugarcane, coconuts, cassava (tapioca), rice, sweet potatoes, bananas; cattle, pigs, horses, goats; fish

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.)

Natural gas consumption	0 cu m (2004 est.)

Current account balance	-$465.8 million (2006 est.)

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 code	Fijian dollar (FJD)

Exchange rates	Fijian dollars per US dollar - 1.7313 (2006), 1.691 (2005), 1.7331 (2004), 1.8958 (2003), 2.1869 (2002)

Communications - Fiji:
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Military - Fiji:

This page was last updated on 16 September, 2007
Source: CIA >>>

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Fiji

Fiji: Travel tips, articles, photos, gallery, cities database, population, pics, flags, statistics, free maps online

Back to Countries, Click to read the whole article: Fiji

Economy overview

Gdp purchasing power parity

$5.594 billion (2006 est.)

Gdp official exchange rate

$2.045 billion (2006 est.)

Gdp real growth rate

3.1% (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.)

Labor force

137,000 (1999)

Labor force by occupation

agriculture: 70% industry and services: 30% (2001 est.)

Unemployment rate

7.6% (1999)

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)

Budget

revenues: $720.5 million expenditures: $728.3 million; including capital expenditures of $NA (2005)

Agriculture products

sugarcane, coconuts, cassava (tapioca), rice, sweet potatoes, bananas; cattle, pigs, horses, goats; fish

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.)

Natural gas consumption

0 cu m (2004 est.)

Current account balance

-$465.8 million (2006 est.)

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 code

Fijian dollar (FJD)

Exchange rates

Fijian dollars per US dollar - 1.7313 (2006), 1.691 (2005), 1.7331 (2004), 1.8958 (2003), 2.1869 (2002)

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IQ test lasts approximately 30 minutes and contains 40 questions !

agriculture: 8.9%
industry: 13.5%
services: 77.6% (2004 est.)

agriculture: 70%
industry and services: 30% (2001 est.)

lowest 10%: NA%
highest 10%: NA%

revenues: $720.5 million
expenditures: $728.3 million; including capital expenditures of $NA (2005)