picts a yellow lion above a white field quartered
by the cross of Saint George featuring stalks of sugarcane, a palm tree,
bananas, and a white dove

Economy Fiji

Economy - overview: Fiji, endowed with forest, mineral, and fish
resources, is one of the most developed of the Pacific island economies,
though still with a large subsistence sector. Sugar exports and a growing
tourist industry - with 300,000 to 400,000 tourists annually - are the
major sources of foreign exchange. Sugar processing makes up one-third
of industrial activity. Long-term problems include low investment and
uncertain property rights. The political turmoil in Fiji has had a severe
impact with the economy shrinking by 2.8% in 2000 and growing by only 1%
in 2001. The Fiji Visitor's Bureau expects visitor arrivals to reach
pre-coup levels during 2002. The government's ability to manage its
budget - which is expected to run a net deficit of 6% in 2002 - will
depend upon a return of political stability and investor confidence.

GDP: purchasing power parity - $4.4 billion (2001 est.)

GDP - real growth rate: 1% (2001 est.)

GDP - per capita: purchasing power parity - $5,200 (2001 est.)

GDP - composition by sector: agriculture: 17% industry: 25% services:
58% (2000 est.)

Population below poverty line: 25.5% (1990-91)

Household income or consumption by percentage share: lowest 10%: NA%
highest 10%: NA%

Inflation rate (consumer prices): 3% (2000 est.)

Labor force: 137,000 (1999)

Labor force - by occupation: agriculture, including subsistence
agriculture 70% (2001 est.)

Unemployment rate: 7.6% (1999)

Budget: revenues: $427.9 million expenditures: $531.4 million, including
capital expenditures of $NA (2000 est.)

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

Industrial production growth rate: NA%

Electricity - production: 515 million kWh (2000)

Electricity - production by source: fossil fuel: 18.06% hydro: 81.94%
other: 0% (2000) nuclear: 0%

Electricity - consumption: 478.95 million kWh (2000)

Electricity - exports: 0 kWh (2000)

Electricity - imports: 0 kWh (2000)

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

Exports: $572 million (f.o.b., 2000)

Exports - commodities: sugar, garments, gold, timber, fish, molasses,
coconut oil

Exports - partners: Australia 24.9