The 2010 CIA World Factbook. United States. Central Intelligence Agency
adopted 1970; the anthem is known in Fijian as "Meda Dau Doka" (Let Us Show Pride); adapted from the hymn, "Dwelling in Beulah Land," the anthem's English lyrics are generally sung, although they differ in meaning from the official Fijian lyrics
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 400,000 to 500,000 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 December 2006 coup and is facing an uncertain recovery time. In 2007 tourist arrivals were down almost 6%, with substantial job losses in the service sector, and GDP dipped. The coup has created a difficult business climate. The EU has suspended all aid until the interim government takes steps toward new elections. 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 decreased significantly. Fiji's current account deficit reached 23% of GDP in 2006.
GDP (purchasing power parity):
$3.792 billion (2010 est.) country comparison to the world: 169 $3.725 billion (2009 est.)
$3.821 billion (2008 est.)
note: data are in 2010 US dollars
GDP (official exchange rate):
$3.154 billion (2010 est.)
GDP - real growth rate:
1.8% (2010 est.) country comparison to the world: 156 −2.5% (2009 est.)
−0.1% (2008 est.)
GDP - per capita (PPP):
$4,300 (2010 est.) country comparison to the world: 155 $4,300 (2009 est.)
$4,400 (2008 est.)
note: data are in 2010 US dollars
GDP - composition by sector:
agriculture: 8.9%
industry: 13.5%
services: 77.6% (2004 est.)
Labor force:
335,000 (2007 est.) country comparison to the world: 161
Labor force - by occupation:
agriculture: 70%
industry and services: 30% (2001 est.)
Unemployment rate:
7.6% (1999) country comparison to the world: 81
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):
4.8% (2007) country comparison to the world: 138
Central bank discount rate:
3% (31 December 2009) country comparison to the world: 70 6.32% (31 December 2008)
Commercial bank prime lending rate:
7.85% (31 December 2009 est.) country comparison to the world: 119 7.97% (31 December 2008 est.)
Stock of narrow money:
$748 million (31 December 2008) country comparison to the world: 147 $1.042 billion (31 December 2007)
Stock of broad money:
$NA (31 December 2009)
$1.76 billion (31 December 2008)
Stock of domestic credit:
$NA (31 December 2008)
$1.799 billion (31 December 2008)
Market value of publicly traded shares:
$NA (31 December 2009) country comparison to the world: 104 $568.2 million (31 December 2008)
$522.2 million (31 December 2007)
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:
928 million kWh (2007 est.) country comparison to the world: 146
Electricity - consumption:
863 million kWh (2007 est.) country comparison to the world: 147
Electricity - exports:
0 kWh (2008 est.)
Electricity - imports:
0 kWh (2008 est.)
Oil - production:
0 bbl/day (2009 est.) country comparison to the world: 174
Oil - consumption:
11,000 bbl/day (2009 est.) country comparison to the world: 146
Oil - exports:
2,455 bbl/day (2007 est.) country comparison to the world: 110
Oil - imports:
20,340 bbl/day (2007 est.) country comparison to the world: 111
Oil - proved reserves:
0 bbl (1 January 2010 est.) country comparison to the world: 179
Natural gas - production:
0 cu m (2008 est.) country comparison to the world: 195
Natural gas - consumption:
0 cu m (2008 est.) country comparison to the world: 184
Natural gas - exports:
0 cu m (2008 est.) country comparison to the world: 179
Natural gas - imports:
0 cu m (2008 est.) country comparison to the world: 179
Natural gas - proved reserves:
0 cu m (1 January 2010 est.) country comparison to the world: 179
Current account balance:
-$507 million (2007 est.) country comparison to the world: 117
Exports:
$1.202 billion (2006) country comparison to the world: 147
Exports - commodities:
sugar, garments, gold, timber, fish, molasses, coconut oil
Exports - partners:
US 15.21%, Australia 12.11%, UK 11.23%, Samoa 5.39%, Tonga 4.74%,
Japan 4.44% (2009)
Imports:
$3.12 billion (2006) country comparison to the world: 137
Imports - commodities:
manufactured goods, machinery and transport equipment, petroleum products, food, chemicals
Imports - partners:
Singapore