Fiji

Economy

Main article: Economy of Fiji

~ ~ ~ ~ ~ ~ ~ ~ ~ ~

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 on the economy, which shrank by 2.8% in 2000 and grew by only 1% in 2001. The tourism sector recovered quickly, however, with visitor arrivals reaching pre-coup levels again during 2002, which has since resulted in a modest economic recovery. The government's ability to manage its budget—which ran a net deficit of 6% in 2002—is dependent on a return of political stability and investor confidence.

Related Topics:
Mineral - Sugar - Tourist - 2000 - 2001 - 2002

~ ~ ~ ~ ~ ~ ~ ~ ~ ~

The tallest building in Fiji is the 14-story Reserve Bank of Fiji Building in Suva.

Related Topics:
Reserve Bank of Fiji Building - Suva

~ ~ ~ ~ ~ ~ ~ ~ ~ ~