Fiji GDP Annual Growth Rate
The Gross Domestic Product (GDP) in Fiji expanded 3.60 percent in 2013 from the previous year. GDP Annual Growth Rate in Fiji averaged 2.40 Percent from 1971 until 2013, reaching an all time high of 12.70 Percent in 1973 and a record low of -6.40 Percent in 1987. GDP Annual Growth Rate in Fiji is reported by the Reserve Bank of Fiji.
||1971 - 2013
Fiji is one of the most developed island nations in the Pacific region. Still, more than 31 percent of the population lives under poverty and the country is dependent on foreign aid and remittances. Following a military coup in 2006, Fiji has been targeted by international sanctions and was expelled from the Commonwealth, and the Pacific Islands Forum. The coup also resulted in a drastic increase in people leaving the country. Tourism is the most important sector in the economy and accounts for more than 25 percent of GDP. Sugar and textiles exports remain important sources of revenue, but have fallen from prominence as Fiji is unable to compete globally. Fiji also has problems attracting foreign capital as the military government controls a large part of the economy. This page provides - Fiji GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.