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 is reported by the Reserve Bank of Fiji. 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. 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. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
3.60 2.20 12.70 -6.40 3.44 | 2014/06 1971 - 2013 Percent Yearly

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Fiji GDP Annual Growth Rate
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP 3.88 2012-12-31 3.81 3.88 0.11 4.28 2014-06-30 USD Billion [+]
GDP Annual Growth Rate 3.60 2013-12-31 2.20 12.70 -6.40 3.44 2014-06-30 Percent [+]
GDP per capita 3601.86 2012-12-31 3553.66 3698.31 1691.55 3668.54 2014-06-30 USD [+]
GDP per capita PPP 4260.02 2012-12-31 4203.02 4374.10 3020.30 4338.88 2014-06-30 USD [+]
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GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


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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