The Fiji economy contracted 19 percent in 2020 compared to 0.4 contractions in the previous year. source: Reserve Bank of Fiji

GDP Annual Growth Rate in Fiji averaged 2.18 percent from 1971 until 2020, reaching an all time high of 12.70 percent in 1973 and a record low of -19 percent in 2020. This page provides - Fiji GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Fiji GDP Annual Growth Rate - values, historical data and charts - was last updated on July of 2021.

GDP Annual Growth Rate in Fiji is expected to reach 3.00 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Fiji GDP Annual Growth Rate is projected to trend around 7.30 percent in 2022 and 6.30 percent in 2023, according to our econometric models.

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Fiji GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-19.00 -0.40 12.70 -19.00 1971 - 2020 percent Yearly

Fiji GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate -19.00 -0.40 12.70 -19.00 percent [+]
GDP 4.38 5.50 5.58 0.11 USD Billion [+]
GDP per capita 3808.20 4738.62 4794.65 1705.37 USD [+]
GDP per capita PPP 10997.47 13684.36 13846.16 8146.96 USD [+]


Fiji GDP Annual Growth Rate
Fiji is one of the most developed island nations in the Pacific region. Still, more than 31 percent of the population lives under poverty and the country is dependent on foreign aid and remittances. Tourism is the most important sector of the economy and accounts for more than 25 percent of GDP. Sugar and textiles exports remain important sources of revenue, but have fallen from prominence as Fiji is unable to compete globally.