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 Q2/18 Q3/18 Q4/18 Q1/19 2020
Currency 2.09
2.07 2.11 2.15 2.19 2.35
GDP Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Annual Growth Rate 4.20
percent
3 3 3 2.8 2.4
GDP 4.63
USD Billion
4.55 4.62 4.45 4.51 4.59
GDP per capita 4402.30
USD
4485 4150 4150 4190 4230
GDP per capita PPP 8862.70
USD
9030 9045 8820 8900 9020
LABOUR Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 6.31
percent
7.3 7.87 7.3 7.87 7.4
Population 0.90
Million
0.9 0.9 0.9 0.9 0.93
PRICES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Inflation Rate 4.00
percent
2.9 2.9 3.6 2.9 3.5
Inflation Rate Mom 0.40
percent
0.17 0.26 0.23 0.24 0.24
Consumer Price Index Cpi 121.40
Index Points
119 120 121 123 131
CPI Housing Utilities 96.10
Index Points
98.74 97.55 98.11 99.71 106
CPI Transportation 100.90
Index Points
103 102 104 103 112
Food Inflation 0.20
percent
-3.02 -3.63 3.26 -3.85 -4.37
Producer Prices 114.50
Index Points
117 117 117 117 122
Producer Prices Change -0.30
percent
2.6 2.4 2.3 1.8 2
MONEY Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Interest Rate 0.50
percent
0.5 0.5 0.5 1 1.5
Deposit Interest Rate 3.33
percent
2.95 2.95 2.95 3.01 3.27
TRADE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade -225551.00
Thousand FJD
-193724 -183563 -169708 -171127 -159128
Exports 161025.00
Thousand FJD
196932 196580 196480 196451 196440
Imports 386576.00
Thousand FJD
390656 380144 372765 367578 355568
Current Account -120.60
FJD Million
-109 -101 -104 -107 -105
Current Account to GDP -6.30
percent
-3.7 -3.7 -4 -3.1 -2.8
Tourism Revenues 482.50
FJD Million
470 470 470 470 470
Tourist Arrivals 48798.00
78600 80000 78600 79700 77000
Gold Reserves 0.03
Tonnes
0.03 0.03 0.03 0.03 0.03
GOVERNMENT Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Government Debt to GDP 44.00
percent
52 52 52 55 53
Government Budget -4.50
percent of GDP
-2.51 -2.6 -2.69 -2.59 -2.58
Military Expenditure 43.63
USD Million
46.44 45.55 44.66 44.96 45.31
BUSINESS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Internet Speed 9530.44
KBps
11431 11787 12135 12475 15766
IP Addresses 38087.00
IP
33056 37650 33210 37543 33702
Industrial Production 1.20
percent
-1.36 -0.24 1.93 2.51 0.68
Ease of Doing Business 101.00
101 101 101 101 101
CONSUMER Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Retail Sales Yoy 4.70
percent
5.96 5.92 5.94 5.97 5.97
HOUSING Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Building Permits 412.00
400 400 400 400 400
TAXES Actual Q2/18 Q3/18 Q4/18 Q1/19 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
10 10 10 10 10
Social Security Rate For Employees 8.00
percent
8 8 8 8 8
CLIMATE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Precipitation 261.22
mm
198 118 223 374 233
Temperature 24.95
celsius
25.01 23.55 25.14 26.65 25.63