Fiji: Economy

Following 5 consecutive years of economic growth, Fiji’s economy is on target for a sixth such year in 2016, making this the longest period of sustained growth since Independence in 1970. The growth forecast for 2016 is revised down, however, as the full extent of economic damage and losses from tropical cyclones Winston in February and Zena in March are taken into account. Read more from Asian Development Outlook 2016 Update


Economic forecasts for Pacific countries

Country 2016 2017
Cook Islands 4.2 4.0
Fiji 2.4 4.5
Kiribati 1.8 1.5
Marshall Islands 1.5 2.0
Micronesia, Federated States of 2.0 2.5
Nauru 3.0 15.0
Palau 2.0 5.0
Papua New Guinea 2.2 3.0
Samoa 5.0 2.0
Solomon Islands 2.7 2.5
Timor-Leste 5.0 5.5
Tonga 3.1 2.6
Tuvalu 3.0 3.0
Vanuatu 3.5 3.8
Average 2.7 3.5
Country 2016 2017
Cook Islands 0.7 2.0
Fiji 3.5 3.0
Kiribati 0.7 2.0
Marshall Islands -1.3 1.0
Micronesia, Federated States of -0.3 1.5
Nauru 6.6 1.7
Palau 1.5 2.5
Papua New Guinea 6.5 7.5
Samoa 0.1 2.0
Solomon Islands 3.3 4.5
Timor-Leste 1.2 3.0
Tonga 2.0 1.9
Tuvalu 2.0 2.0
Vanuatu 1.9 2.4
Average 4.7 5.5
Country 2016 2017
Cook Islands 37.3 41.3
Fiji -7.0 -1.2
Kiribati -7.0 -2.6
Marshall Islands 10.0 8.9
Micronesia, Federated States of 3.8 2.0
Nauru ... ...
Palau -2.3 -1.3
Papua New Guinea 7.9 9.0
Samoa -3.9 -5.3
Solomon Islands -4.4 -6.1
Timor-Leste 36.1 10.2
Tonga -6.0 -7.6
Tuvalu -1.2 -18.7
Vanuatu -15.0 -13.5
Average 7.2 5.8

… = no data available.

Source: Asian Development Outlook 2016 Update

 

 
This page was generated from https://www.adb.org/countries/fiji/economy on 01 October 2016