Fiji - Economic Forecasts - 2018-2020 Outlook

This page has economic forecasts for Fiji including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Fiji economy.


MARKETS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 2.11
 2.14 2.18 2.22 2.26 2.43
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Annual Growth Rate 4.20
percent		 3 3 2.8 2.4 2.4
GDP 5.06
USD Billion		 5.5 5.5 6 6 6.5
GDP per capita 4323.00
USD		 4435 4435 4578 4578 4614
GDP per capita PPP 8703.00
USD		 8820 8820 8900 8900 9020
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 6.31
percent		 6.25 7.3 6.2 6.2 7.4
Population 0.91
Million		 0.91 0.91 0.91 0.91 0.93
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 4.60
percent		 3.8 3.6 3.2 3.3 3.5
Inflation Rate Mom 0.80
percent		 0.28 0.39 0.37 0.37 0.37
Consumer Price Index Cpi 121.02
Index Points		 121 121 123 125 131
CPI Housing Utilities 96.10
Index Points		 98.4 98.11 100 99.27 106
CPI Transportation 100.90
Index Points		 103 103 104 104 111
Food Inflation 5.10
percent		 4.54 3.26 4.56 4.55 4.55
Producer Prices 114.50
Index Points		 117 117 117 116 122
Producer Prices Change -0.30
percent		 2.4 2.3 1.8 1.7 2
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 0.50
percent		 0.5 0.5 1 1 1.5
Deposit Interest Rate 3.33
percent		 3.33 3.33 3.83 3.83 4.33
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -269462.00
FJD Thousand		 -262502 -263263 -263546 -263558 -263531
Exports 131921.00
FJD Thousand		 161819 161879 161468 161479 161501
Imports 401383.00
FJD Thousand		 424320 424874 425014 425037 425032
Current Account -366.60
FJD Million		 -211 -145 -236 -197 -196
Current Account to GDP -6.30
percent		 -4 -4 -3.1 -3.1 -3
Tourism Revenues 482.50
FJD Million		 545 499 432 489 548
Tourist Arrivals 67290.00
 67400 67400 67400 67400 67400
Gold Reserves 0.03
Tonnes		 0.03 0.03 0.03 0.03 0.03
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 44.00
percent		 52 52 55 55 53
Government Budget -4.50
percent of GDP		 -4 -4 -3.6 -3.6 -3.5
Military Expenditure 43.63
USD Million		 44 44 43 43 43
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Internet Speed 9530.44
KBps		 11787 12135 12475 12808 15766
IP Addresses 38087.00
IP		 37650 33210 37543 33314 33702
Industrial Production 1.20
percent		 -0.25 1.83 2.45 1.96 0.2
Ease of Doing Business 101.00
 102 102 104 104 106
CONSUMER Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Retail Sales Yoy 4.70
percent		 7.85 6.33 5.41 4.55 5.51
HOUSING Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Building Permits 425.00
 438 439 439 439 439
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Corporate Tax Rate 20.00
percent		 20 20 20 20 20
Personal Income Tax Rate 20.00
percent		 20 20 20 20 20
Sales Tax Rate 9.00
percent		 9 9 9 9 9
Social Security Rate 18.00
percent		 18 18 18 18 18
Social Security Rate For Companies 10.00
percent		 9.99 9.99 9.99 9.99 9.99
Social Security Rate For Employees 8.00
percent		 8 8 8 8 8
CLIMATE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Precipitation 261.22
mm		 118 223 374 219 233
Temperature 24.95
celsius		 23.55 25.14 26.65 25.68 25.63