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 2.12
2.13 2.14 2.15 2.17 2.22
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 4.30
percent
4.5 4.7 4.4 4.3 4.2
Inflation Rate Mom 0.10
percent
0.3 0.4 0.3 0.3 0.2
Consumer Price Index Cpi 121.60
Index Points
122 122 125 126 133
CPI Housing Utilities 96.90
Index Points
99.07 99.15 101 100 108
CPI Transportation 102.30
Index Points
104 104 105 105 113
Food Inflation 3.30
percent
3.46 3.26 4.08 4.22 4.46
Producer Prices 115.20
Index Points
117 118 117 117 123
Producer Prices Change 0.40
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 -325210.00
FJD Thousand
-272406 -275278 -275824 -275712 -275653
Exports 172795.00
FJD Thousand
165610 165153 165121 165184 165183
Imports 498005.00
FJD Thousand
438016 440058 440945 440895 440835
Current Account -242.60
FJD Million
-142 -142 -178 -196 -154
Current Account to GDP -7.40
percent
-6 -6 -4.4 -4.4 -3.6
Tourism Revenues 482.50
FJD Million
545 499 432 489 548
Tourist Arrivals 95061.00
95100 95100 95100 95100 95100
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 3.80
percent
-0.06 -0.09 0.9 1.22 0.92
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 415.00
413 414 413 413 413
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