Fiji: Economy

Recent strong growth driven by a favorable domestic environment and rising investor confidence suffered a setback in February 2016 when a category 5 cyclone struck Fiji. Early assessment shows agriculture, especially sugar, was hard hit. Tourism faces headwinds from significant (as high as 25%) cancellations immediately following the cyclone. Damage and losses are initially estimated to exceed $500 million, or the equivalent of roughly 11% of gross domestic product (GDP), are likely to constrain growth in 2016. Read more from Asian Development Outlook 2016

Economic forecasts for Pacific countries

• GDP growth
  (%, year)
• Inflation
  (%, year)
• Current account balance
  (% of GDP)

… = no data available.

Source: Asian Development Outlook 2016