Fiji Current Account to GDP

Fiji recorded a Current Account deficit of 1.20 percent of the country's Gross Domestic Product in 2012. Current Account to GDP in Fiji is reported by the Reserve Bank of Fiji. Current Account to GDP in Fiji averaged -7.54 Percent from 1999 until 2012, reaching an all time high of -1.20 Percent in 2012 and a record low of -16.30 Percent in 2006. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Fiji Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-25

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-1.20 -5.30 -1.20 -16.30 0.89 | 2014/06 1999 - 2012 Percent Yearly

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Fiji Current Account to GDP
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
Balance of Trade -248583.00 2013-12-31 -379994.00 -75681.00 -456400.00 -258012.65 2014-06-30 Thousand FJD [+]
Current Account -94.70 2013-09-30 -307.80 111.60 -417.60 -112.82 2014-06-30 FJD Million [+]
Current Account to GDP -1.20 2012-12-31 -5.30 -1.20 -16.30 0.89 2014-06-30 Percent [+]
Exports 161248.00 2013-12-31 233273.00 233273.00 79.99 165944.98 2014-06-30 Thousand FJD [+]
Imports 409831.00 2013-12-31 613267.00 624600.00 187941.00 437665.48 2014-06-30 Thousand FJD [+]
Gold Reserves 0.02 2013-12-31 0.02 0.02 0.02 Tonnes [+]
Tourist Arrivals 47551.00 2014-01-31 54410.00 675050.00 35484.00 Persons [+]
[+]


Current Account to GDP | Notes
The Current account balance as a percent of GDP provides an indication on the level of international competiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.


RELATED NEWS

Fiji Gold Reserves at 0.02 Tonnes  
Gold Reserves in Fiji remained unchanged at 0.02 Tonnes in the fourth quarter of 2013 from 0.02 Tonnes in the third quarter of 2013. Gold Reserves in Fiji is reported by the World Gold Council.
Fiji Exports at 161248.00 Thousand FJD  
Exports in Fiji decreased to 161248 Thousand FJD in December of 2013 from 233273 Thousand FJD in November of 2013. Exports in Fiji is reported by the Fiji Bureau of Statistics.
Fiji Balance of Trade at -248583.00 Thousand FJD  
Fiji recorded a trade deficit of 248583 Thousand FJD in December of 2013. Balance of Trade in Fiji is reported by the Fiji Bureau of Statistics.
Fiji Imports at 409831.00 Thousand FJD  
Imports in Fiji decreased to 409831 Thousand FJD in December of 2013 from 613267 Thousand FJD in November of 2013. Imports in Fiji is reported by the Fiji Bureau of Statistics.
Fiji Visitor Arrivals at 47551.00 Persons  
Tourist Arrivals in Fiji decreased to 47551 Persons in January of 2014 from 54410 Persons in December of 2013. Tourist Arrivals in Fiji is reported by the Fiji Bureau of Statistics.
Fiji Inflation Rate at -0.20 Percent  
The inflation rate in Fiji was recorded at -0.20 percent in March of 2014. Inflation Rate in Fiji is reported by the Reserve Bank of Fiji.
Fiji Interest Rate at 0.50 Percent  
The benchmark interest rate in Fiji was last recorded at 0.50 percent. Interest Rate in Fiji is reported by the Reserve Bank of Fiji.
Fiji Personal Income Tax Rate at 31.00 percent  
The Personal Income Tax Rate in Fiji stands at 31 percent. Personal Income Tax Rate in Fiji is reported by the Fiji Revenue & Customs Authority.
Fiji Corporate Tax Rate at 20.00 percent  
The Corporate Tax Rate in Fiji stands at 20 percent. Corporate Tax Rate in Fiji is reported by the Fiji Revenue & Customs Authority.
Fiji Sales Tax Rate | VAT at 15.00 Percent  
The Sales Tax Rate in Fiji stands at 15 percent. Sales Tax Rate in Fiji is reported by the Fiji Revenue & Customs Authority.
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