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    Fiji Economy - 2004
    https://immigration-usa.com/wfb2004/fiji/fiji_economy.html
    SOURCE: 2004 CIA WORLD FACTBOOK

      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 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. Yet short-run economic prospects are good, provided tensions do not again erupt between indigenous Fijians and Indo-Fijians.

      GDP:
      purchasing power parity - $5.007 billion (2003 est.)

      GDP - real growth rate:
      4.8% (2003 est.)

      GDP - per capita:
      purchasing power parity - $5,800 (2003 est.)

      GDP - composition by sector:
      agriculture: 16.6%
      industry: 22.4%
      services: 61% (2001 est.)

      Population below poverty line:
      25.5% (1990-91)

      Household income or consumption by percentage share:
      lowest 10%: NA%
      highest 10%: NA%

      Inflation rate (consumer prices):
      1.6% (2002 est.)

      Labor force:
      137,000 (1999)

      Labor force - by occupation:
      agriculture, including subsistence agriculture 70% (2001 est.)

      Unemployment rate:
      7.6% (1999)

      Budget:
      revenues: $427.9 million
      expenditures: $531.4 million, including capital expenditures of $NA (2000 est.)

      Industries:
      tourism, sugar, clothing, copra, gold, silver, lumber, small cottage industries

      Industrial production growth rate:
      NA%

      Electricity - production:
      520.1 million kWh (2001)

      Electricity - production by source:
      fossil fuel: 18.5%
      hydro: 81.5%
      other: 0% (2001)
      nuclear: 0%

      Electricity - consumption:
      483.7 million kWh (2001)

      Electricity - exports:
      0 kWh (2001)

      Electricity - imports:
      0 kWh (2001)

      Oil - production:
      0 bbl/day (2001 est.)

      Oil - consumption:
      5,700 bbl/day (2001 est.)

      Oil - exports:
      NA

      Oil - imports:
      NA

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

      Exports:
      $609 million f.o.b. (2002)

      Exports - commodities:
      sugar, garments, gold, timber, fish, molasses, coconut oil

      Exports - partners:
      US 25.5%, Australia 19.7%, UK 10.7%, Japan 6.4%, Samoa 5.6% (2002)

      Imports:
      $835 million c.i.f. (2002)

      Imports - commodities:
      manufactured goods, machinery and transport equipment, petroleum products, food, chemicals

      Imports - partners:
      Australia 37.5%, New Zealand 17.2%, Singapore 16%, Japan 4.2%, China 4.1% (2002)

      Debt - external:
      $188.1 million (2001 est.)

      Economic aid - recipient:
      $40.3 million (1995)

      Currency:
      Fijian dollar (FJD)

      Currency code:
      FJD

      Exchange rates:
      Fijian dollars per US dollar - 1.9 (2003), 2.19 (2002), 2.28 (2001), 2.13 (2000), 1.97 (1999)

      Fiscal year:
      calendar year


      NOTE: The information regarding Fiji on this page is re-published from the 2004 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Fiji Economy 2004 information contained here. All suggestions for corrections of any errors about Fiji Economy 2004 should be addressed to the CIA.

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    https://immigration-usa.com/wfb2004/fiji/fiji_economy.html

    Revised 21-May-04
    Copyright © 2004 Photius Coutsoukis (all rights reserved)


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