Fiji | Economic Forecasts | 2017-2020 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 Q4/17 Q1/18 Q2/18 Q3/18 2020
Currency 2.08 2.02 2 1.98 1.96 1.73 [+]
GDP Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
GDP Annual Growth Rate 2.00 3.6 3 3 2.4 2.4 percent [+]
GDP 4.63 4.42 4.7 4.7 4.7 4.59 USD Billion [+]
GDP per capita 4402.30 4100 4494 4504 4514 4230 USD [+]
GDP per capita PPP 8862.70 8750 9063 9085 9108 9020 USD [+]
LABOUR Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 7.90 7.5 7.3 7.3 7.55 7.4 percent [+]
Population 0.90 0.9 0.9 0.9 0.9 0.91 Million [+]
PRICES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Inflation Rate 2.60 3.3 2.3 2.9 3.8 3.5 percent [+]
Inflation Rate Mom 0.00 0.13 0.18 0.17 0.17 0.17 percent [+]
Consumer Price Index Cpi 115.80 116 115 115 115 113 Index Points [+]
CPI Housing Utilities 94.70 94.9 95.21 95.52 95.8 97.23 Index Points [+]
CPI Transportation 98.00 98.06 98.4 98.75 99.06 101 Index Points [+]
Food Inflation -3.70 -1.48 0.89 2.29 3.14 4.4 percent [+]
Producer Prices 114.40 113 113 113 112 112 Index Points [+]
Producer Prices Change 1.70 2 2.1 2.6 2.4 2 percent [+]
MONEY Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Interest Rate 0.50 0.5 0.5 0.5 1 1.5 percent [+]
Deposit Interest Rate 2.82 2.92 2.98 3.05 3.12 3.47 percent [+]
TRADE Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Balance of Trade -208759.00 -202637 -200756 -198752 -197760 -196149 Thousand FJD [+]
Exports 200577.00 162046 159402 158000 157256 156421 Thousand FJD [+]
Imports 409336.00 370630 364808 360831 358111 352393 Thousand FJD [+]
Current Account -120.60 -54.41 -61.73 -64.33 -66.55 -71.55 FJD Million [+]
Current Account to GDP -3.30 -4 -3.7 -3.7 -4.85 -2.8 percent [+]
Tourism Revenues 377.30 450 384 350 406 417 FJD Million [+]
Tourist Arrivals 82316.00 105000 121200 136400 150700 246700 [+]
Gold Reserves 0.03 0.02 0.02 0.02 0.02 0.02 Tonnes [+]
GOVERNMENT Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Government Debt to GDP 46.20 48 52 52 46.1 53 percent [+]
Government Budget -4.70 -2.72 -2.6 -2.48 -2.35 -2.63 percent of GDP [+]
Military Expenditure 43.70 43.13 43.19 43.25 43.32 42.6 USD Million [+]
BUSINESS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Internet Speed 9530.44 9919 9810 9725 9602 8370 KBps [+]
IP Addresses 38087.00 31937 34616 31523 33035 28250 IP [+]
Industrial Production 7.90 -1.97 -1.61 -1.03 -0.04 0.78 percent [+]
Ease of Doing Business 101.00 99 95 93 91 80 [+]
CONSUMER Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Retail Sales Yoy 5.20 6.5 6.15 5.81 5.77 5.96 percent [+]
HOUSING Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Building Permits 406.00 466 479 493 506 619 [+]
TAXES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Corporate Tax Rate 20.00 22 23 23 24 27 percent [+]
Personal Income Tax Rate 20.00 23 24 25 25 29 percent [+]
Sales Tax Rate 9.00 11 11 12 12 15 percent [+]
Social Security Rate 18.00 24.91 25.71 26.51 27.31 29.99 percent [+]
Social Security Rate For Companies 10.00 16.91 17.71 18.51 19.31 21.99 percent [+]
Social Security Rate For Employees 8.00 8 8 8 8 8 percent [+]
CLIMATE Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Precipitation 261.00 221 217 216 219 218 mm [+]
Temperature 24.00 24.11 23.98 23.47 23.62 23.87 celsius [+]