Fiji

Economics, Political, and Trade Overview

Source: Feb 10, 2022 Economist Intelligence Unit

Fiji - In Short.

Overview of Fiji

Austronesians settled Fiji around 1000 B.C., followed by successive waves of Melanesians starting around the first century A.D. Fijians traded with Polynesian groups in Samoa and Tonga, and by about 900, much of Fiji was in the Tu’i Tongan Empire’s sphere of influence. The Tongan influence declined significantly by 1200 while Melanesian seafarers continued to periodically arrive in Fiji, further mixing Melanesian and Polynesian cultural traditions. Dutch explorer Abel TASMAN was the first European to spot Fiji in 1643, followed by British explorer James COOK in 1774. Captain William BLIGH plotted the islands in 1789. In the 1800s, merchants, traders, and whalers frequented the islands and the first missionaries arrived in 1835. Rival kings and chiefs competed for power, at times aided by Europeans and their weapons, and in 1865, Seru Epenisa CAKOBAU united many groups into the Confederacy of Independent Kingdoms of Viti. The arrangement proved weak and a subsequent attempt in 1871 to centralize power as a Kingdom of Fiji also faltered. Fearing a hostile takeover by a foreign power, CAKOBAU ceded Fiji to the UK in 1874.The first British governor set up a plantation-style economy and brought in more than 60,000 Indians as indentured laborers, most of whom chose to stay in Fiji rather than return to India when their contracts expired. In the early 1900s, society was divided along ethnic lines, with iTaukei (indigenous Fijians), Europeans, and Indo-Fijians living in separate areas and maintaining their own languages and traditions. ITaukei fears of an Indo-Fijian takeover of government delayed independence through the 1960s; Fiji achieved independence in 1970 with agreements in place to allocate parliamentary seats by ethnic groups. Long-serving Prime Minister Kamisese MARA largely balanced these ethnic divisions but concerns about growing Indo-Fijian political influence led to two coups in 1987. A new constitution in 1990 cemented iTaukei control of politics, leading thousands of Indo-Fijians to leave. A reformed constitution in 1997 was more equitable and led to the election of an Indo-Fijian prime minister in 1999, who was ousted in a coup the following year. In 2005, the new prime minister put forward a bill that would grant pardons to the coup perpetrators, leading Commodore Josaia BAINIMARAMA to launch a coup in 2006. BAINIMARAMA  appointed himself prime minister in 2007 and continues to hold the position after elections in 2014 and 2018 that international observers deemed credible.With well-developed infrastructure, Fiji has become a hub for the Pacific, hosting the secretariat for the Pacific Islands Forum and the main campus of the University of the South Pacific. In addition, Fiji is a center for Pacific tourism, and Nadi International Airport is by far the busiest airport in a pacific island country.
Value
Country Full Name
Fiji
Country Code
FJI
Region
East Asia & Pacific
Income Group
Upper middle income
Currency Unit
GDP
4533883782
Population
896444
Land Area
18270
Net National Income Per Capita
4028.835761
GDP per Capita (PPP)
12078.84323

2020 GDP Growth Rate (Current USD)

2020 GDP Per Capita (Current USD)

2020 Urbanization Rate (%)

2020 Total Fertility Rate (Birth Per Woman)

Doing Business Score (100= Most Friendly)

Fiji - Economic

Economy of Fiji

Fiji, endowed with forest, mineral, and fish resources, is one of the most developed and connected of the Pacific island economies. Earnings from the tourism industry, with an estimated 842,884 tourists visiting in 2017, and remittances from Fijian’s working abroad are the country’s largest foreign exchange earners.Bottled water exports to the US is Fiji’s largest domestic export. Fiji’s sugar sector remains a significant industry and a major export, but crops and one of the sugar mills suffered damage during Cyclone Winston in 2016. Fiji’s trade imbalance continues to widen with increased imports and sluggish performance of domestic exports.The return to parliamentary democracy and successful elections in September 2014 improved investor confidence, but increasing bureaucratic regulation, new taxes, and lack of consultation with relevant stakeholders brought four consecutive years of decline for Fiji on the World Bank Ease of Doing Business index. Private sector investment in 2017 approached 20% of GDP, compared to 13% in 2013.

Unemployment Rate

Inflation Rate

Fiji - GDP Composition

GDP Composiiton & Value Added of Fiji

Last Updated: Jan, 2021, Updated For 2020.

Fiji - GDP, Value Added

Demographics of Fiji

approximately 70% of the population lives on the island of Viti Levu; roughly half of the population lives in urban areas
Geographic Location

Oceania, island group in the South Pacific Ocean, about two-thirds of the way from Hawaii to New Zealand

Races

iTaukei 56.8% (predominantly Melanesian with a Polynesian admixture), Indo-Fijian 37.5%, Rotuman 1.2%, other 4.5% (European, part European, other Pacific Islanders, Chinese) (2007 est.)note: a 2010 law replaces 'Fijian' with 'iTaukei' when referring to the original and native settlers of Fiji

Languages

English (official), iTaukei (official), Fiji Hindi (official)

Religion

Protestant 45% (Methodist 34.6%, Assembly of God 5.7%, Seventh Day Adventist 3.9%, and Anglican 0.8%), Hindu 27.9%, other Christian 10.4%, Roman Catholic 9.1%, Muslim 6.3%, Sikh 0.3%, other 0.3%, none 0.8% (2007 est.)

Dependency & Expectancy of Fiji

Last Updated: Jan, 2021

Dependency Ratio

Expectancy

See Other Countrie Data

We work with data offices across the world to supply you with comprehensive data across internet usage, economic, policy, trade, and digital channels from 216 countries.

Fiji - Social Media Briefing

Fiji - Social Media & Social Commerce

No data was found
No data was found
No data was found
No data was found
No data was found
No data was found

Politics & Policies of Fiji

2021 Policies Overview

Updated Coming in March 2021 after our team finish summarizing countries policy.

International Organizations

ACP, ADB, AOSIS, C, CP, FAO, G-77, IAEA, IBRD, ICAO, ICCt, ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, Interpol, IOC, IOM, ISO, ITSO, ITU, ITUC (NGOs), MIGA, OPCW, PCA, PIF, Sparteca (suspended), SPC, UN, UNCTAD, UNDOF, UNESCO, UNIDO, UNMISS, UNWTO, UPU, WCO, WFTU (NGOs), WHO, WIPO, WMO, WTO

Import of Fiji

Export of Fiji

Import Destination

Export Destination