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 Q1/18 Q2/18 Q3/18 Q4/18 2020
Currency 2.01
2.06 2.09 2.13 2.17 2.34
GDP Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Annual Growth Rate 2.00
percent
3 3 3 3 2.4
GDP 4.63
USD Billion
4.47 4.55 4.62 4.45 4.59
GDP per capita 4402.30
USD
4438 4453 4468 4150 4230
GDP per capita PPP 8862.70
USD
8985 9004 9022 8820 9020
LABOUR Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 7.90
percent
7.3 7.3 7.7 7.3 7.4
Population 0.90
Million
0.89 0.89 0.9 0.9 0.91
PRICES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Inflation Rate 1.50
percent
2.3 2.9 3.4 3.6 3.5
Inflation Rate Mom 0.30
percent
0.18 0.16 0.17 0.17 0.17
Consumer Price Index Cpi 116.90
Index Points
117 117 116 116 114
CPI Housing Utilities 94.70
Index Points
94.97 95.29 95.58 95.84 97.38
CPI Transportation 99.40
Index Points
99.64 99.9 100 100 102
Food Inflation -2.80
percent
-0.11 1.56 2.61 3.26 4.34
Producer Prices 114.50
Index Points
114 114 114 113 112
Producer Prices Change -0.30
percent
2.1 2.6 2.4 2.3 2
MONEY Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Interest Rate 0.50
percent
0.5 0.5 1 1 1.5
Deposit Interest Rate 2.82
percent
2.89 2.9 2.91 2.92 3.56
TRADE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Balance of Trade -254953.00
Thousand FJD
-206937 -204712 -201301 -199723 -197060
Exports 210405.00
Thousand FJD
179251 170019 164911 162088 158604
Imports 465358.00
Thousand FJD
405904 390656 380144 372765 355568
Current Account -120.60
FJD Million
-108 -109 -101 -104 -105
Current Account to GDP -3.30
percent
-3.7 -3.7 -4.12 -4 -2.8
Tourism Revenues 530.70
FJD Million
373 423 510 455 418
Tourist Arrivals 77430.00
94400 110500 125600 139800 258400
Gold Reserves 0.03
Tonnes
0.02 0.02 0.02 0.02 0.02
GOVERNMENT Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Government Debt to GDP 46.20
percent
52 52 46.5 52 53
Government Budget -4.70
percent of GDP
-2.56 -2.61 -2.67 -2.72 -2.69
Military Expenditure 43.70
USD Million
45.15 44.48 43.8 43.13 42.43
BUSINESS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Internet Speed 9530.44
KBps
9810 9725 9602 9462 7879
IP Addresses 38087.00
IP
34616 31523 33035 30921 27084
Industrial Production 7.00
percent
-2.58 -1.36 -0.24 1.93 0.68
Ease of Doing Business 101.00
97 95 93 91 76
CONSUMER Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Retail Sales Yoy 5.40
percent
6.13 5.96 5.92 5.94 5.97
HOUSING Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Building Permits 406.00
447 460 473 486 631
TAXES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Corporate Tax Rate 20.00
percent
21 21 21 21 23
Personal Income Tax Rate 20.00
percent
21 21 21 21 24
Sales Tax Rate 9.00
percent
10 10 10 10 15
Social Security Rate 18.00
percent
19 19 19 19 26
Social Security Rate For Companies 10.00
percent
10.65 10.65 10.65 10.65 18.47
Social Security Rate For Employees 8.00
percent
8 8 8 8 8
CLIMATE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Precipitation 261.22
mm
373 198 118 223 233
Temperature 24.95
celsius
26.6 25.01 23.55 25.14 25.63