This article needs to be updated.(October 2020) |
Currency | Fijian Dollar (FJD, FJ$) |
---|---|
Trade organisations | WTO |
Country group |
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Statistics | |
Population | 913,174 (2023 est.) |
GDP | |
GDP rank | |
GDP growth |
|
GDP per capita | |
-2.20%[6] | |
Population below poverty line | 31% (2009 est.) |
Labour force | 353,100 (2017 est.) |
Labour force by occupation |
|
Main industries | Tourism, sugar processing, clothing, copra, gold, silver, lumber |
External | |
Exports |
|
Export goods | Fuel, including oil, fish, beverages, gems, sugar, garments, gold, timber, fish, molasses, coconut oil, mineral water |
Main export partners |
|
Imports |
|
Import goods | Manufactured goods, machinery and transport equipment, petroleum products, food and beverages, chemicals, tobacco |
Main import partners |
|
| |
Public finances | |
48.9% of GDP (2017 est.) | |
Revenues | 1.454 billion (2017 est.) |
Expenses | 1.648 billion (2017 est.) |
All values, unless otherwise stated, are in US dollars. |
The economy of Fiji is one of the most developed among the Pacific islands. Nevertheless, Fiji is a developing country endowed with forest, mineral and fish resources. The country has a large agriculture sector heavily based on subsistence agriculture. Sugar exports and the tourism industry are the main sources of foreign exchange. There are also light manufacturing and mining sectors.
Fiji Village quoted Energy Minister Lekh Ram Vayeshnoi on 22 September 2006, who confirmed that the Southern Cross Management Company Limited had applied for a license to drill for petroleum in Fiji's waters. The application was later revoked after exploratory reports indicated that Fijian oil reserves were severely overstated. Accepted estimates now range between 500 - 600 million barrels of Brent crude oil, with a total market value of approximately $4.7 billion over 20 years.
Fiji has a population of 905,949 people. The country's tallest building is the 30-story Grand Fijian Tower in Suva. Fiji is a member of the WTO.