Fiji: Economy

Economic growth slowed in 2016 because of damage from Cyclone Winston estimated to equal 28% of GDP, with agriculture and forestry the hardest hit. Substantial resources from development partners supported relief and rehabilitation, and reasonable progress was made despite capacity challenges. Continuing reconstruction is expected to accelerate growth in 2017 and 2018, as will fiscal policies supporting ambitious works to develop economic infrastructure, especially roads. Read more from Asian Development Outlook 2017


Economic forecasts for Pacific countries

Country 2017f 2018f
Cook Islands 5.0 5.0
Fiji 3.5 4.0
Kiribati 2.0 1.5
Marshall Islands 4.0 2.5
Micronesia, Federated States of 2.5 2.5
Nauru 4.3 –4.5
Palau 3.0 5.5
Papua New Guinea 2.5 2.8
Samoa 2.0 1.5
Solomon Islands 3.0 2.8
Timor-Leste 4.0 6.0
Tonga 2.6 2.6
Tuvalu 3.0 3.0
Vanuatu 4.3 3.8
Average 2.9 3.3
Country 2017f 2018f
Cook Islands 0.5 1.2
Fiji 2.5 2.5
Kiribati 2.0 2.0
Marshall Islands 1.5 1.5
Micronesia, Federated States of 1.5 2.0
Nauru 5.7 1.8
Palau 1.5 2.0
Papua New Guinea 7.5 7.5
Samoa 2.0 2.0
Solomon Islands 1.8 2.2
Timor-Leste 1.2 3.0
Tonga 2.5 2.5
Tuvalu 2.0 2.0
Vanuatu 2.4 2.6
Average 5.2 5.4
Country 2017f 2018f
Cook Islands 24.5 21.0
Fiji 3.5 3.0
Kiribati –2.4 –1.5
Marshall Islands 4.0 4.5
Micronesia, Federated States of 4.5 4.5
Nauru ... ...
Palau –12.5 –15.0
Papua New Guinea 7.7 6.7
Samoa –4.9 –2.8
Solomon Islands –8.3 –10.7
Timor-Leste –12.2 –40.2
Tonga –7.7 –11.9
Tuvalu –20.8 –25.4
Vanuatu –17.7 –15.0
Average 3.0 –0.5

… = no data available, f = forecast number.

Source: Asian Development Outlook 2017