losses in the service sector. In July 2007 the Reserve Bank of Fiji
announced the economy was expected to contract by 3.1% in 2007.
Fiji's current account deficit reached 23% of GDP in 2006. The EU
has suspended all aid until the interim government takes steps
toward new elections. Long-term problems include low investment,
uncertain land ownership rights, and the government's inability to
manage its budget. Overseas remittances from Fijians working in
Kuwait and Iraq have decreased significantly.

GDP (purchasing power parity):

$5.079 billion (2007 est.)

GDP (official exchange rate):

$3.409 billion (2007 est.)

GDP - real growth rate:

-4.4% (2007 est.)

GDP - per capita (PPP):

$3,900 (2007 est.)

GDP - composition by sector:

agriculture: 8.9%
industry: 13.5%
services: 77.6% (2004 est.)

Labor force:

117,500 (2006 est.)

Labor force - by occupation:

agriculture: 70%
industry and services: 30% (2001 est.)

Unemployment rate:

7.6% (1999)

Population below poverty line:

25.5% (FY90/91)

Household income or consumption by percentage share:

lowest 10%: NA%
highest 10%: NA%

Budget:

revenues: $1.363 billion
expenditures: $1.376 billion (2006)

Fiscal year:

calendar year

Inflation rate (consumer prices):

4.8% (2007)

Central bank discount rate:

9.25% (31 December 2007)

Commercial bank prime lending rate:

9.01% (31 December 2007)

Stock of money:

$1.042 billion (31 December 2007)

Stock of quasi money:

$1.088 billion (31 December 2007)

Stock of domestic credit:

$1.948 billion (31 December 2007)

Agriculture - products:

sugarcane, coconuts, cassava (tapioca), rice, sweet potatoes,
bananas; cattle, pigs, horses, goats; fish

Industries:

tourism, sugar, clothing, copra, gold, silver, lumber, small cottage
industries

Industrial production growth rate:

NA%

Electricity - production:

928 million kWh (2007 est.)

Electricity - consumption:

1.016 billion kWh (2006 est.)

Electricity - exports:

0 kWh (2007 est.)

Electricity - imports:

0 kWh (2007 est.)

Electricity - production by source:

fossil fuel: 18.5%
hydro: 81.5%
nuclear: 0%
other: 0% (2001)

Oil - production:

0 bbl/day (2007 est.)

Oil - consumption:

9,971 bbl/day (2006 est.)

Oil - exports:

2,848 bbl/day (2005)

Oil - imports:

10,900 bbl/day (2005)

Oil - proved reserves:

0 bb