Fiji

Description of Fiji

As a geopolitical and macroeconomic analyst, I provide unique insight into the intricate dynamics at play within Fiji's economic landscape. By analyzing macroeconomic statistics and trends, I uncover the potential impact on Fiji's development trajectory and its relationships with other nations. Drawing from the wisdom of influential figures such as Henry Kissinger, George Kennan, and Peter Zeihan, I aim to shed light on the opportunities and challenges facing Fiji as it navigates the complexities of the global stage.

Population And Age Structure

Population, total in Fiji is 920,422, which is significantly below the average of 40,097,746. Fiji ranks 157 out of 194 countries for this attribute.

Population ages 0-14 (% of total population) in Fiji is 29.19%, slightly higher than the average of 27.34%. Fiji ranks 81 out of 194 countries for this attribute.

Population ages 0-14, total in Fiji is 268,641, well below the average of 10,327,379. Fiji ranks 156 out of 194 countries for this attribute.

Population ages 15-64 (% of total population) in Fiji is 65.27%, above the average of 63.44%. Fiji ranks 82 out of 194 countries for this attribute.

Population ages 15-64, total in Fiji is 600,796, significantly below the average of 26,003,407. Fiji ranks 157 out of 194 countries for this attribute.

Population ages 65 and above (% of total population) in Fiji is 5.54%, below the average of 9.22%. Fiji ranks 111 out of 194 countries for this attribute.

Population ages 65 and above, total in Fiji is 50,985, well below the average of 3,766,959. Fiji ranks 156 out of 194 countries for this attribute.

Summary

In Fiji, the total population is lower than the global average, with a higher percentage of young people aged 0-14 and a lower percentage of the elderly aged 65 and above. This demographic profile indicates a relatively young population with potential for future workforce growth but also highlights the need for policies and infrastructure that can support an aging population in the long term.

Population Miscellaneous

Rural Population: Fiji's rural population of 393,508 is significantly below the average rural population of 18,044,041. Fiji ranks 153 out of 190 countries in this attribute data.

Rural Population (% of Total Population): Fiji's percentage of rural population at 42.753% is slightly above the average of 41.158%. Fiji ranks 86 out of 190 countries in this attribute data.

Urban Population: With 526,914 urban population, Fiji falls well below the average urban population of 22,425,747. Fiji ranks 155 out of 194 countries in this attribute data.

Urban Population (% of Total Population): Fiji's urban population percentage of 57.247% is below the average of 59.691%. Fiji ranks 109 out of 194 countries in this attribute data.

Age Dependency Ratio (% of Working-Age Population): Fiji's ratio of 53.20% is lower than the average of 59.22%. Fiji ranks 113 out of 194 countries in this attribute data.

Birth Rate, Crude (per 1,000 people): Fiji's crude birth rate of 19.628 is slightly above the average of 19.384. Fiji ranks 82 out of 192 countries in this attribute data.

Death Rate, Crude (per 1,000 people): Fiji's crude death rate of 8.078 is below the average of 8.214. Fiji ranks 86 out of 192 countries in this attribute data.

Fertility Rate, Total (Births per Woman): Fiji's fertility rate of 2.495 is lower than the average of 2.603. Fiji ranks 78 out of 190 countries in this attribute data.

Summary

Fiji exhibits a lower rural population and urban population compared to global averages, with a slightly higher percentage of rural population. The country also has a lower age dependency ratio, a higher crude birth rate, a lower crude death rate, and a lower total fertility rate compared to global averages. These indicators suggest that Fiji has a relatively balanced demographic profile with potential implications for its economic development and social welfare policies.

Military

Analysis of Military Expenditure (current USD): Fiji's military expenditure is $71,181,004, which is significantly below the average of $12,904,993,617. Fiji ranks 133 out of 149 countries in this attribute.

Analysis of Military Expenditure (% of GDP): Fiji's military expenditure as a percentage of GDP is 1.59%, below the average of 1.90%. Fiji ranks 73 out of 148 countries in this attribute.

Analysis of Arms imports (SIPRI trend indicator values): Fiji's arms imports stand at $7,000,000, well below the average of $205,522,123. Fiji ranks 89 out of 113 countries in this attribute.

Analysis of Armed forces personnel, total: Fiji has 4,000 armed forces personnel, significantly below the average of 165,908. Fiji ranks 147 out of 164 countries in this attribute.

Analysis of Armed forces personnel (% of total labor force): Fiji's armed forces personnel constitute 1.10% of the total labor force, slightly below the average of 1.28%. Fiji ranks 59 out of 164 countries in this attribute.

Summary

Fiji's military expenditure, arms imports, and armed forces personnel numbers are all well below global averages, indicating a relatively small military presence compared to other countries. This suggests that Fiji's focus and resources may lie more in other areas of development and expenditure, potentially prioritizing social programs or economic investments instead of military buildup. These indicators are important as they provide insights into Fiji's national security strategy, its position in the global defense landscape, and its allocation of resources towards defense versus other sectors.

Natural Resources

1. Fiji has a forest area of 11400.2 sq. km, ranking 119 out of 191 countries. This is below the average forest area of 211606.11 sq. km.

2. The land area in Fiji is 18270 sq. km, ranking 151 out of 194 countries, which is below the average land area of 665166.51 sq. km.

3. Fiji's surface area is 18270 sq. km, also ranking 151 out of 194 countries. This is below the average surface area of 689779.56 sq. km.

4. Fiji has 76800 hectares of arable land, ranking 150 out of 190 countries. This is significantly below the average arable land of 7329543.16 hectares.

5. The land under cereal production in Fiji is 2885 hectares, placing it at rank 155 out of 174 countries. This is far below the average land under cereal production of 4206011.63 hectares.

6. Fiji receives an average precipitation depth of 2592 mm per year, ranking 11 out of 178 countries. This is above the average precipitation of 1157.83 mm per year.

7. Fiji's renewable internal freshwater resources total 28.55 billion cubic meters, ranking 95 out of 178 countries. This is below the average of 240.41 billion cubic meters.

Summary

Fiji's key macroeconomic indicators show that it has a relatively small forest area, land area, arable land, and land under cereal production compared to global averages. However, Fiji excels in receiving above-average annual precipitation and has a moderate amount of renewable internal freshwater resources. These indicators are crucial as they highlight Fiji's environmental resources and agricultural potential, which are vital for food security, economic development, and sustainable growth in the country.

Resource Rents

Regarding Total natural resources rents (% of GDP), in Fiji, the value is 1.45%, which is below the average of 4.63%. Fiji ranks 89 out of 175 countries in this attribute.

For Forest rents (% of GDP), Fiji's value stands at 0.97%, below the average of 1.53%. Fiji holds the 55th rank out of 174 countries in this aspect.

When it comes to Mineral rents (% of GDP), Fiji's value is 0.48%, also below the average of 1.23%. Fiji holds the 33rd rank out of 86 countries in this category.

Summary

Fiji's natural resources rents as a percentage of GDP are below the global average across different categories such as total, forest, and mineral rents. Despite being ranked relatively lower among countries in these aspects, this indicates that Fiji may have untapped potential to further leverage its natural resources for economic development, investment, and sustainable growth. Addressing the utilization and management of these resources effectively could be crucial for Fiji's economic diversification and resilience in the long term.

Commodities

When examining the Cereal production (metric tons) attribute, Fiji's value of 10574.69 is significantly below the average of 17249945.93 metric tons, ranking 155th out of 174 countries in the dataset.

For Aquaculture production (metric tons), Fiji's production of 322.3 tons is notably lower than the average of 679642.92 tons, placing Fiji at 139th out of 180 countries in the dataset.

In terms of Capture fisheries production (metric tons), Fiji's output of 37462.12 tons is below the average of 467453.06 tons, ranking Fiji at 106th out of 190 countries.

Regarding Total fisheries production (metric tons), Fiji's production of 37784.42 tons falls short of the average of 1153914.85 tons, positioning Fiji at 110th out of 182 countries.

Lastly, for Fertilizer consumption (kilograms per hectare of arable land), Fiji's value of 97.72 kg/ha is lower than the average of 159.04 kg/ha, placing Fiji at 91st out of 187 countries.

Summary

Fiji's agricultural and fisheries production levels are notably below the global averages, indicating potential challenges in food security and economic growth. The low fertilizer consumption per hectare of arable land suggests a need for improvement in agricultural productivity and sustainability to enhance food self-sufficiency and boost the economy.

Intellectual Property

When it comes to Scientific and technical journal articles, Fiji has a value of 175.92, significantly below the average of 15103.76. This places Fiji at a rank of 121 out of 192 countries in the dataset.

Regarding Charges for the use of intellectual property, payments (BoP, current US$), Fiji's value of 6117035.77 is below the attribute average of 3218843494.39. Fiji holds the 107th position out of 143 countries in this category.

In terms of Charges for the use of intellectual property, receipts (BoP, current US$), Fiji's value of 135473.63 is notably lower than the average of 3191687117.58. Fiji ranks 104th out of 122 countries for this attribute.

Summary

Fiji's performance in key macroeconomic indicators reveals significant disparities compared to global averages. The country's low values in scientific and technical journal articles, charges for the use of intellectual property payments, and charges for the use of intellectual property receipts suggest a potential lag in innovation, technological advancement, and economic competitiveness. These indicators are crucial as they reflect Fiji's current standing in the global knowledge economy and highlight areas that may require attention and investment for future growth and development.

Broad Economy Attributes

Analysis of key statistics for Fiji:

1. GDP (current US$): Fiji's GDP is $4,432,466,237.10, which is below the average GDP of $442,870,224,838.68. Fiji ranks 152 out of 189 countries.

2. GDP, PPP (current international $): Fiji's GDP, PPP is $10,654,676,843.73, significantly below the average of $734,141,122,350.78. Fiji ranks 147 out of 181 countries.

3. GDP per capita (current US$): Fiji's GDP per capita is $4,815.69, well below the average of $15,462.11. Fiji ranks 103 out of 190 countries.

4. GDP per capita, PPP (current international $): Fiji's GDP per capita, PPP is $11,575.86, below the average of $21,251.89. Fiji ranks 102 out of 181 countries.

5. GNI (current US$): Fiji's GNI is $4,151,389,791.77, below the average GNI of $452,040,815,370.70. Fiji ranks 150 out of 185 countries.

6. GNI, PPP (current international $): Fiji's GNI, PPP is $9,979,030,706.09, significantly below the average of $730,698,223,823.47. Fiji ranks 147 out of 181 countries.

7. GNI per capita, PPP (current international $): Fiji's GNI per capita, PPP is $10,840, below the average of $20,615.75. Fiji ranks 105 out of 181 countries.

Summary

The analysis of key statistics for Fiji reveals that the country's GDP, GDP per capita, and GNI figures are notably below the global averages. Fiji's rankings in these indicators are also relatively low compared to other countries. These statistics are crucial as they indicate the level of economic development and prosperity in Fiji, highlighting areas where the country may need to focus on improving to enhance its economic performance and competitiveness in the global market.

Broad Value Added

- Gross value added at basic prices (GVA) (current US$): Fiji's GVA of $3,752,527,814.19 is significantly below the average of $360,070,943,595.12, ranking 146 out of 176 countries.
- Agriculture, forestry, and fishing, value added (% of GDP): Fiji's value added in this sector accounts for 14.32% of its GDP, higher than the average of 10.86%, placing it at the 54th position out of 182 countries.
- Agriculture, forestry, and fishing, value added (current US$): Fiji's value added in this sector is $634,933,711.26, below the average of $19,924,732,828.07, ranking 137 out of 182 countries.
- Services, value added (% of GDP): Fiji's service sector contributes 53.15% to its GDP, slightly lower than the average of 56.72%, placing it at the 118th position out of 183 countries.
- Services, value added (current US$): Fiji's service sector value added is $2,355,697,687.02, notably below the average of $295,837,711,130.69, ranking 152 out of 183 countries.
- Industry (including construction), value added (current US$): Fiji's industry value added is $761,896,415.91, significantly below the average of $118,421,095,413.50, positioning it at the 154th place out of 183 countries.

Summary

Fiji's economy exhibits a lower Gross Value Added at basic prices compared to the global average, ranking 146th out of 176 countries. However, the country's Agriculture, forestry, and fishing sector contributes a larger percentage to its GDP than the average, positioning Fiji at a relatively higher 54th place. Understanding these indicators is crucial as they highlight Fiji's economic structure, emphasizing the importance of its primary sector in driving economic activity.

Manufacturing Value Added

1. Manufacturing, value added (current US$): Fiji's value of $490,439,541.98 is significantly below the average of $76,207,179,589.66. Fiji ranks 140 out of 173 countries in this category.

2. Manufacturing, value added (% of GDP): Fiji's value of 11.06% is slightly below the average of 11.90%. Fiji ranks 89 out of 173 countries in this category.

3. Medium and high-tech manufacturing value added (% manufacturing value added): Fiji's value of 7.87% is well below the average of 24.49%. Fiji ranks 121 out of 149 countries in this category.

4. Chemicals (% of value added in manufacturing): Fiji's value of 5.55% is below the average of 11.56%. Fiji ranks 68 out of 89 countries in this category.

5. Food, beverages and tobacco (% of value added in manufacturing): Fiji's value of 55.69% is significantly above the average of 24.51%. Fiji ranks 8 out of 92 countries in this category.

6. Machinery and transport equipment (% of value added in manufacturing): Fiji's value of 2.33% is well below the average of 16.85%. Fiji ranks 84 out of 93 countries in this category.

7. Textiles and clothing (% of value added in manufacturing): Fiji's value of 5.60% is slightly below the average of 6.33%. Fiji ranks 33 out of 93 countries in this category.

8. Other manufacturing (% of value added in manufacturing): Fiji's value of 30.83% is below the average of 42.13%. Fiji ranks 78 out of 94 countries in this category.

Summary

Fiji's manufacturing sector is characterized by a significant reliance on the food, beverages, and tobacco industry, comprising over half of its manufacturing value added, which is well above the global average. However, Fiji falls behind in medium and high-tech manufacturing and machinery and transport equipment sectors, indicating a potential need for diversification and technology upgrades to enhance productivity and competitiveness in the global market.

These statistics are important as they provide insights into Fiji's industrial composition and competitiveness on the global stage. Understanding these figures can help policymakers and industry leaders identify areas for growth and development, ultimately contributing to the country's economic progress and sustainability.

Money

1. Inflation, consumer prices (annual %): Fiji's inflation rate is -2.60%, significantly below the average of 8.26%. This places Fiji at rank 165 out of 165 countries included in the data for this attribute.

2. Inflation, GDP deflator (annual %): Fiji's GDP deflator inflation is -1.48%, also below the average of 6.90%. Fiji ranks 162 out of 188 countries in this dataset.

3. Broad money growth (annual %): Fiji's broad money growth is 1.17%, much lower than the average of 18.03%. Fiji stands at rank 128 out of 139 countries for this metric.

4. Broad money (% of GDP): Fiji's broad money as a percentage of GDP is 90.76%, higher than the average of 71.75%. This places Fiji at rank 38 out of 139 countries included in the data.

5. Broad money to total reserves ratio: Fiji's ratio is 3.72, below the average of 5.17. Fiji ranks 42 out of 126 countries in this aspect.

Summary

Fiji demonstrates a consistent pattern of lower inflation rates compared to the global averages, ranking at the bottom in both consumer price and GDP deflator inflation. Despite this, Fiji's broad money growth is significantly below the average, indicating a potential slowdown in economic activity. However, the high percentage of broad money to GDP suggests a strong financial base.

These indicators are crucial as they provide insights into Fiji's economic stability, monetary policy effectiveness, and potential for sustainable growth. The low inflation rates could signal deflationary pressures or weak demand, while the high broad money to GDP ratio indicates a well-capitalized financial system that could support investment and economic expansion in the long run.

Consumption Expenditure

Final consumption expenditure (current US$): Fiji's final consumption expenditure is 4,493,322,771.24 USD, below the average of 381,630,252,515.38 USD, ranking 135th out of 159 countries in the dataset.

Final consumption expenditure (% of GDP): Fiji's final consumption expenditure as a percentage of GDP is 101.37%, exceeding the average of 82.37%, ranking 17th out of 159 countries.

General government final consumption expenditure (current US$): Fiji's government expenditure is 1,047,535,796.07 USD, significantly below the average of 93,676,578,238.03 USD, ranking 131st out of 158 countries.

General government final consumption expenditure (% of GDP): Fiji's government expenditure as a percentage of GDP is 23.63%, higher than the average of 18.71%, ranking 27th out of 158 countries.

Household and NPISHs Final consumption expenditure (current US$): Fiji's household and NPISHs expenditure is 3,445,786,975.17 USD, notably below the average of 290,127,571,157.69 USD, ranking 135th out of 158 countries.

Households and NPISHs final consumption expenditure (% of GDP): Fiji's household and NPISHs expenditure as a percentage of GDP is 77.74%, above the average of 63.68%, ranking 29th out of 158 countries.

Summary

Fiji's final consumption expenditure is below the global average in both absolute terms and as a percentage of GDP, indicating potential challenges in domestic consumption and economic growth. However, the government's expenditure relative to GDP is higher than the average, signaling a relatively larger role of the government in driving economic activity. These indicators are crucial as they provide insights into the country's economic structure, priorities, and potential areas for policy intervention to stimulate growth and development.

Investment

1. Foreign direct investment, net (BoP, current US$): Fiji's net foreign direct investment is at -225,916,562.47, which is significantly below the average of -1,615,235,980.51. Fiji ranks 79th out of 169 countries in this category.

2. Foreign direct investment, net inflows (BoP, current US$): Fiji's net inflows of foreign direct investment amount to 239,380,737.90, below the average of 5,749,271,080.15. Fiji ranks 110th out of 182 countries in this aspect.

3. Foreign direct investment, net inflows (% of GDP): Fiji's net inflows of foreign direct investment as a percentage of GDP is 5.40%, significantly higher than the average of 2.61%. Fiji ranks 33rd out of 178 countries in this metric.

4. Foreign direct investment, net outflows (BoP, current US$): Fiji's net outflows of foreign direct investment stand at 13,464,175.43, much lower than the average of 5,707,991,116.07. Fiji ranks 96th out of 156 countries in this category.

5. Foreign direct investment, net outflows (% of GDP): Fiji's net outflows of foreign direct investment as a percentage of GDP is 0.30%, below the average of 1.00%. Fiji ranks 70th out of 155 countries in this aspect.

6. Portfolio Investment, net (BoP, current US$): Fiji's net portfolio investment is 179,628,995.90, below the average of 679,559,169.57. Fiji ranks 57th out of 159 countries in this category.

7. Portfolio investment, bonds (PPG + PNG) (NFL, current US$): Fiji has a net portfolio investment in bonds of -200,000,000, well below the average of 4,134,263,915.25. Fiji ranks 46th out of 59 countries in this metric.

Summary

Fiji's net foreign direct investment is below average, both in terms of overall net inflows and outflows. However, as a percentage of GDP, Fiji attracts a higher level of foreign direct investment compared to the average, indicating a relatively favorable investment environment. Additionally, Fiji's net portfolio investment is below average, particularly in bonds, suggesting room for growth and diversification in its investment portfolio. These indicators are crucial as they reflect Fiji's attractiveness to foreign investors and its potential for economic growth and development through increased capital inflows.

Debt

- Fiji's total debt service as a percentage of GNI is 6.62%, which is higher than the average of 5.98%. Fiji ranks 39th out of 120 countries in this attribute.
- The public and publicly guaranteed debt service as a percentage of GNI in Fiji is 6.15%, significantly above the average of 2.84%. Fiji ranks 9th out of 120 countries.
- Fiji's external debt stocks as a percentage of GNI stand at 36.58%, below the average of 65.42%. Fiji is ranked 88th out of 120 countries in this category.
- The total debt service on external debt in Fiji amounts to 274,829,985.1 USD, much below the average of 9,811,195,839.23 USD. Fiji ranks 84th out of 123 countries.
- Fiji's debt service on public and publicly guaranteed external debt is 255,513,441 USD, below the average of 3,310,612,057.60 USD. Fiji ranks 75th out of 123 countries.
- The external debt stocks of public and publicly guaranteed debt in Fiji total 903,683,116.4 USD, significantly lower than the average of 28,695,879,144.98 USD. Fiji ranks 106th out of 123 countries.
- Fiji's external debt stocks in private nonguaranteed debt amount to 496,550,000 USD, well below the average of 33,734,699,285.22 USD. Fiji is placed 73rd out of 91 countries in this metric.
- The total external debt stocks in Fiji sum up to 1,518,444,488.9 USD, significantly lower than the average of 73,845,530,111.82 USD. Fiji ranks 105th out of 123 countries.

Summary

Fiji's debt indicators show that the country has a higher total debt service and public debt service as a percentage of GNI compared to the global average, indicating potential financial strain. However, Fiji's external debt stocks as a percentage of GNI are relatively low, suggesting a manageable level of external borrowing. These metrics are crucial as they reflect Fiji's ability to meet debt obligations, attract foreign investments, and maintain financial stability in the global economic landscape.

Broad Trade Attributes

Regarding Trade (% of GDP), Fiji's value of 72.34% is below the average of 82.34%. Fiji is ranked 72 out of 163 countries in this attribute.

For Merchandise trade (% of GDP), Fiji's value of 57.69% is below the average of 60.01%. Fiji is ranked 71 out of 186 countries in this attribute.

As for Trade in services (% of GDP), Fiji's value of 20.50% is below the average of 24.63%. Fiji is ranked 60 out of 171 countries in this attribute.

In terms of External balance on goods and services (current US$), Fiji has a value of -739,531,677.58, well below the average of 3,405,509,011.13. Fiji's ranking is 99 out of 163 countries for this attribute.

Lastly, for External balance on goods and services (% of GDP), Fiji's value is -16.68%, significantly lower than the average of -5.97%. Fiji is ranked 133 out of 163 countries in this aspect.

Summary

Fiji performs below the global average in key macroeconomic indicators related to trade, both in merchandise and services. The country also exhibits a negative external balance on goods and services, indicating a trade deficit. These indicators are crucial as they highlight Fiji's trade competitiveness, economic openness, and ability to maintain a healthy balance between imports and exports, influencing its overall economic stability and growth prospects in the international market.

Net Trade

- The current account balance of Fiji is at -614,129,732.42 USD, which is below the average of 1,443,864,831.49 USD. Fiji ranks 104 out of 170 countries in this attribute.
- Fiji's current account balance as a percentage of GDP is -13.86%, significantly lower than the average of -2.36%. This places Fiji at rank 153 out of 170 countries.
- For net trade in goods and services, Fiji has a value of -747,101,832.43 USD, well below the average of 2,604,730,003.57 USD. Fiji ranks 104 out of 171 countries in this aspect.
- In terms of net primary income, Fiji records -281,561,921.12 USD, higher than the average of -903,807,529.74 USD, ranking 74 out of 170 countries.
- Fiji's net secondary income is 414,534,021.13 USD, higher than the average of -269,227,340.40 USD. Fiji ranks 84 out of 170 countries in this attribute.
- The net trade in goods for Fiji is at -660,047,723.95 USD, below the average of 1,302,831,005.68 USD. Fiji is ranked 95 out of 171 countries in this aspect.
- Fiji's net capital account value is 3,536,737.19 USD, which is significantly lower than the average of 136,543,824.05 USD. Fiji ranks 115 out of 159 countries for this measure.
- The net financial account for Fiji stands at -364,203,250.44 USD, higher than the average of -469,840,994.63 USD, placing Fiji at rank 99 out of 170 countries.

Summary

Fiji experiences a negative current account balance and a substantial net trade deficit, leading to a high rank in net primary and secondary income among countries. Although Fiji's net capital account value is lower than the average, it has a slightly higher net financial account value. These indicators reflect Fiji's dependency on external trade and investment, highlighting the importance of diversifying its economy and attracting foreign investments to improve its overall economic stability and sustainability.

Broad Export Attributes

Analysis of key export statistics for Fiji:

1. Exports of goods, services and primary income (BoP, current US$): Fiji's value of $1.29 billion is significantly below the average of $146.24 billion, ranking 146th out of 170 countries.

2. Exports of goods and services (BoP, current US$): Fiji's value of $1.23 billion is below the average of $122.94 billion, ranking 147th out of 170 countries.

3. Exports of goods and services (current US$): With $1.23 billion in exports, Fiji falls below the average of $129.60 billion, ranking 138th out of 163 countries.

4. Exports of goods and services (% of GDP): Fiji's export value accounts for 27.83% of its GDP, lower than the average of 38.19%, ranking 93rd out of 163 countries.

5. Goods exports (BoP, current US$): Fiji's goods export value of $819.29 million is below the average of $93.31 billion, ranking 143rd out of 171 countries.

6. International tourism, receipts (% of total exports): Fiji's tourism receipts contribute 19.18% to its total exports, higher than the average of 9.74%, ranking 17th out of 120 countries.

7. ICT goods exports (% of total goods exports): Fiji's ICT goods exports account for 2.30% of its total goods exports, below the average of 3.81%, ranking 42nd out of 142 countries.

Summary

Fiji's key export statistics paint a picture of a country with export values significantly below global averages across various categories, such as goods, services, and primary income. The country's export performance ranks below average in terms of both absolute export values and their contribution to GDP. However, Fiji stands out positively in international tourism receipts, where it performs better than many other nations, highlighting a sector of strength in its economy. These findings are important as they indicate areas where Fiji may need to focus on improving its export competitiveness and diversification to enhance its economic growth and stability.

Merchandise Exports

Analysis of key export attributes for Fiji:

Summary

Fiji's key export attributes reveal a unique profile compared to global averages. The country excels in exporting agricultural raw materials and food products, ranking higher than average in both categories. However, its low contribution to fuel, ores, and metals exports indicates a reliance on specific sectors. These findings are crucial for Fiji's economic diversification strategy and trade relations as they showcase where the country holds a competitive edge and where there is room for growth and development.

Technology Exports

Manufactures exports (% of merchandise exports): Fiji's value for this attribute is 19.45%, which is below the average of 42.62%. Fiji is ranked 102 out of 152 countries in this category.

High-technology exports (current US$): Fiji's value is $11,123,689, significantly below the average of $16,655,934,078.80. Fiji is ranked 111 out of 151 countries in this category.

High-technology exports (% of manufactured exports): Fiji's value stands at 10.85%, slightly above the average of 10.15%. It holds the 48th rank out of 150 countries in this attribute.

Medium and high-tech exports (% manufactured exports): Fiji's value is 12.05%, well below the average of 34.29%. Fiji ranks 113 out of 149 countries in this aspect.

Summary

Fiji's performance in key macroeconomic indicators related to exports, particularly in high-technology and manufactured exports, is below the global average across various metrics. This indicates a potential lack of competitiveness and innovation in Fiji's export sector compared to other countries. These statistics are crucial as they reflect Fiji's economic diversification, technological advancement, and global market integration, highlighting areas that may require attention to enhance the country's economic development and global competitiveness.

Service Exports

Service exports in Fiji are significantly below the attribute average, ranking 131 out of 171 countries. This indicates room for potential growth in this sector.

ICT service exports in Fiji are also notably below the average, ranking 127 out of 166 countries. Increasing investments in ICT services could help Fiji improve its global standing in this area.

ICT service exports as a percentage of total service exports in Fiji are considerably lower than the average, ranking 129 out of 166 countries. This suggests a need for enhancing the contribution of ICT services to the overall service exports.

Communications, computer, etc. as a percentage of service exports in Fiji are below the average, ranking 122 out of 169 countries. Strengthening the communications and computer services sector could boost Fiji’s international competitiveness.

Transport services as a percentage of service exports in Fiji are notably above the average, ranking 33 out of 169 countries. This indicates that transport services play a significant role in Fiji's service export sector.

Travel services as a percentage of service exports in Fiji are also above the average, ranking 46 out of 167 countries. This suggests that tourism and travel services are strong contributors to Fiji's service export industry.

Insurance and financial services as a percentage of service exports in Fiji are significantly below the average, ranking 145 out of 161 countries. There may be opportunities for Fiji to further develop and promote its insurance and financial service exports.

Summary

Fiji's service exports across various sectors such as ICT, communications, transport, travel, and insurance/financial services demonstrate notable deviations from the global average rankings. While the country excels in transport and travel services, there is considerable room for growth in enhancing ICT, communications, and insurance/financial services. Addressing these disparities and investing in underperforming sectors could not only boost Fiji's international competitiveness but also diversify and strengthen its overall service export industry.

Commercial Service Exports

Commercial service exports in Fiji amount to $341,339,636.35, ranking 134 out of 171 countries. This value is significantly below the average of $28,508,218,402.80.

Travel services represent 44.23% of Fiji's commercial service exports, surpassing the average of 27.89%. Fiji ranks 37 out of 167 countries in this category.

Computer, communications, and other services contribute 13.91% to Fiji's commercial service exports, well below the average of 42.44%. Fiji ranks 146 out of 169 countries.

Insurance and financial services account for only 0.76% of Fiji's commercial service exports, much lower than the average of 6.97%. Fiji ranks 143 out of 161 countries.

Transport services make up 41.10% of Fiji's commercial service exports, ranking 27 out of 169 countries. This value is notably higher than the average of 23.37%.

Summary

Fiji's commercial service exports are significantly below the global average, with travel services being the largest component at 44.23%, well surpassing the average. However, the contribution from computer, communications, and other services is notably lower than the average, while insurance and financial services are almost negligible. The prominence of travel and transport services in Fiji's exports signifies a heavy reliance on tourism and transportation sectors for economic activity, highlighting areas for potential growth and diversification in the country's export sector.

Broad Import Attributes

Imports of goods and services (current US$): Fiji's value is significantly lower than the attribute average of $126.19 billion, ranking 137 out of 163 countries.

Imports of goods and services (% of GDP): Fiji's value, at 44.51%, is slightly above the average. It ranks 63 out of 163 countries in this regard.

International tourism, expenditures (% of total imports): Fiji's value of 3.89% is below the average. It holds the 45th position out of 131 countries.

ICT goods imports (% total goods imports): Fiji's value, at 4.61%, is below the average. It ranks 84 out of 143 countries.

Goods imports (BoP, current US$): Fiji's value is significantly below the average of $92.01 billion, ranking 145 out of 171 countries.

Imports of goods and services (BoP, current US$): Fiji's value is notably lower than the average of $120.32 billion, ranking 143 out of 170 countries.

Imports of goods, services and primary income (BoP, current US$): Fiji's value is well below the average of $144.51 billion, ranking 142 out of 170 countries.

Summary

Fiji's imports of goods and services, both in absolute value and as a percentage of GDP, are below global averages, indicating a relatively limited scale of international trade activities. The country's expenditures on international tourism and imports of ICT goods also fall short of the averages, suggesting potential areas for diversification and growth in the economy. These indicators are crucial as they reflect Fiji's level of integration in the global economy, its reliance on tourism, and its adoption of information and communication technology, highlighting areas that may require policy attention for enhancing competitiveness and economic resilience.

Merchandise Imports

1. Fiji's merchandise imports amount to $1,731,000,000, ranking 150th out of 190 countries. This value is significantly lower than the average merchandise imports of $89,385,605,263. Fiji's position indicates a reliance on domestic production or limited international trade.

2. Manufactures imports account for 56.46% of Fiji's merchandise imports, below the average of 66.76%. Fiji ranks 134th out of 152 countries in this category, suggesting a lower dependence on imported manufactured goods compared to other nations.

3. Fiji's agricultural raw materials imports as a percentage of merchandise imports stand at 0.44%, well below the average of 1.27%. With a rank of 138 out of 152 countries, Fiji shows a limited need for importing raw materials for its agricultural sector.

4. Food imports represent 22.18% of Fiji's merchandise imports, higher than the average of 15.89%. Ranking 28th out of 152 countries, Fiji has a relatively higher reliance on imported food products compared to other nations.

5. Fuel imports constitute 17.33% of Fiji's merchandise imports, above the average of 11.38%. Fiji ranks 21st out of 152 countries, indicating a substantial reliance on imported fuel sources compared to other nations.

6. Ores and metals imports as a percentage of merchandise imports for Fiji are 0.96%, significantly below the average of 2.57%. Ranked 119th out of 152 countries, Fiji shows a lower need for importing ores and metals compared to other nations.

7. Fiji's residual merchandise imports by the reporting economy stand at 1.52%, below the average of 2.51%. With a rank of 51 out of 180 countries, Fiji has a moderate share of residual imports compared to other nations included in the dataset.

Summary

Fiji's macroeconomic indicators suggest a limited reliance on international trade, particularly in manufactured goods, agricultural raw materials, and ores/metals. However, the country shows a higher dependence on imported food and fuel products compared to the global average. These findings are crucial as they highlight Fiji's vulnerabilities in terms of food security and energy self-sufficiency, which could impact its economic stability and resilience to external shocks.

Service Imports

For Service imports (BoP, current US$), Fiji's value is $497,954,526.80, significantly below the average of $27,615,356,170.47. Fiji ranks 144 out of 171 countries in this attribute.

Communications, computer, etc. (% of service imports, BoP) in Fiji stands at 30.11%, lower than the average of 44.40%. Fiji is ranked 130 out of 169 countries for this indicator.

Fiji's Transport services (% of service imports, BoP) is notably high at 44.93%, surpassing the average of 32.90%. Fiji holds a strong rank of 34 out of 169 countries in this category.

Travel services (% of service imports, BoP) contribute 14.99% in Fiji, slightly above the average of 14.14%. Fiji ranks 61 out of 169 countries for this aspect.

Insurance and financial services (% of service imports, BoP) represent 9.97% in Fiji, exceeding the average of 8.53%. Fiji is positioned at 51 out of 169 countries in this attribute.

Summary

Fiji's service imports value is significantly below the global average, with a ranking of 144 out of 171 countries, indicating a potential area for growth and development in international service trade. While Fiji's communication and computer services sector lags behind the average, its strong performance in transport services highlights a competitive advantage. The higher-than-average contributions of travel, insurance, and financial services further underscore Fiji's potential for diversification and expansion in the services sector, crucial for enhancing economic resilience and competitiveness on a global scale.

Commercial Service Imports

Analysis of key statistical attributes for Fiji:

1. Commercial service imports (current US$): Fiji's value of $484,194,563.21 is significantly below the average of $27,102,746,128.60. Fiji ranks 142nd out of 171 countries in this dataset.

2. Computer, communications and other services (% of commercial service imports): Fiji's value of 28.12% is below the average of 41.71%. Fiji ranks 121st out of 169 countries in this dataset.

3. Insurance and financial services (% of commercial service imports): Fiji's value of 10.26% is above the average of 8.85%. Fiji ranks 53rd out of 169 countries in this dataset.

4. Transport services (% of commercial service imports): Fiji's value of 46.21% is above the average of 34.71%. Fiji ranks 39th out of 169 countries in this dataset.

5. Travel services (% of commercial service imports): Fiji's value of 15.42% is slightly above the average of 14.73%. Fiji ranks 60th out of 169 countries in this dataset.

Summary

In analyzing key macroeconomic indicators for Fiji, it is evident that the country's commercial service imports value, computer, communications, and other services, insurance and financial services, transport services, and travel services all depict varying positions compared to the averages across the global dataset. Despite Fiji ranking lower in commercial service imports value and computer-related services, it surpasses the average in insurance and financial services, transport services, and travel services. These statistics are crucial as they provide insights into Fiji's trade dynamics, economic diversification, and attractiveness to foreign investment, which ultimately impact its economic growth and development.

Infrastructure

Analysis of Air Transport Statistics in Fiji:

1. Air transport, freight (million ton-km): Fiji's value of 21.804 million ton-km is significantly below the average of 1384.365 million ton-km. Fiji ranks 66th out of 126 countries in this attribute data.

2. Air transport, registered carrier departures worldwide: Fiji's 10450 departures is well below the average of 134365.605 departures. Fiji ranks 78th out of 149 countries in this attribute data.

3. Air transport, passengers carried: With 409104 passengers carried, Fiji is far below the average of 11848242.7 passengers. Fiji ranks 92nd out of 149 countries in this attribute data.

Summary

Fiji's air transport statistics paint a picture of limited air freight activity, fewer registered carrier departures, and a relatively low number of passengers carried compared to global averages. These indicators suggest that Fiji's air transport sector may be underdeveloped or facing challenges in competing on an international scale. Improving air transport infrastructure and connectivity could be crucial for enhancing Fiji's trade, tourism, and overall economic growth in the global market.

Information Technology Infrastructure

For Secure Internet servers, Fiji has 238 servers, which is below the average of 458,294 servers. Fiji ranks 146 out of 193 countries in this attribute.

In terms of Secure Internet servers per 1 million people, Fiji has 258.58 servers, well below the average of 14,067 servers. Fiji ranks 115 out of 193 countries for this metric.

Regarding Individuals using the Internet (% of population), Fiji has 84.88% of its population using the internet, which is above the average of 64.77%. Fiji ranks 47 out of 180 countries in this category.

For Fixed broadband subscriptions, Fiji has 23,062 subscriptions, significantly lower than the average of over 6.5 million subscriptions. Fiji ranks 152 out of 185 countries in fixed broadband subscriptions.

Lastly, for Mobile cellular subscriptions, Fiji has 991,500 subscriptions, below the average of over 42.5 million subscriptions. Fiji ranks 156 out of 193 countries in mobile cellular subscriptions.

Summary

Fiji's performance in key macroeconomic indicators related to internet and technology infrastructure reveals both strengths and weaknesses. While the country has a high percentage of its population using the internet, indicating good connectivity, its numbers for secure internet servers and fixed broadband subscriptions are significantly lower than global averages. This suggests a potential gap in infrastructure development that could hinder Fiji's competitiveness in the digital economy and overall economic growth.

Energy Consumption

Regarding Renewable energy consumption, Fiji's value of 31.79% is slightly below the average of 32.18%. Fiji ranks 75th out of 191 countries in this attribute.

As for CO2 emissions, Fiji's 1028.2 kt is significantly below the average of 171895.94 kt. Fiji ranks 159th out of 188 countries in this attribute.

Summary

Fiji's renewable energy consumption of 31.79% falls slightly below the global average of 32.18%, positioning the country at 75th out of 191 nations. In contrast, Fiji's CO2 emissions stand at 1028.2 kt, significantly lower than the worldwide average of 171895.94 kt, placing it at 159th out of 188 countries. These indicators are crucial as they showcase Fiji's relatively modest environmental impact compared to global benchmarks, highlighting the country's potential for sustainable development and environmental stewardship.

Government Balance Sheet

1. Net acquisition of financial assets (% of GDP): Fiji's value of 25.06% is significantly higher than the average of 2.45%. Fiji ranks 3rd out of 87 countries in this attribute.

2. Net incurrence of liabilities, total (% of GDP): Fiji's value of 34.08% is much higher than the average of 7.43%. Fiji ranks 1st out of 92 countries in this attribute.

3. Total reserves (% of total external debt): Fiji's value of 71.24% is slightly above the average of 66.13%. Fiji ranks 24th out of 102 countries in this attribute.

4. Reserves and related items (BoP, current US$): Fiji has a negative value which is considerably below the average. Fiji ranks 101st out of 171 countries in this attribute.

5. Total reserves minus gold (current US$): Fiji's value is significantly below the average. Fiji ranks 123rd out of 161 countries in this attribute.

6. Total reserves (includes gold, current US$): Fiji's value is notably below the average. Fiji ranks 126th out of 161 countries in this attribute.

7. Total reserves in months of imports: Fiji's value is below the average at 5.59 months. Fiji ranks 75th out of 151 countries in this attribute.

Summary

Fiji stands out in key macroeconomic indicators such as net acquisition of financial assets and net incurrence of liabilities, where it ranks significantly higher compared to the global average. However, Fiji's performance in terms of total reserves, reserves in BoP, and total reserves minus gold is notably below average, indicating potential vulnerabilities in its external financial position. These indicators are crucial as they reflect Fiji's capacity to service its foreign obligations, manage external shocks, and maintain financial stability in the global economy.

Government Revenue

Revenue, excluding grants (% of GDP): Fiji's value of 22.14% is below the average of 27.02%. Fiji is ranked 74th out of 122 countries for this attribute.

Grants and other revenue (% of revenue): Fiji's value of 17.63% is below the average of 23.54%. Fiji is ranked 52nd out of 108 countries for this attribute.

Taxes on goods and services (% of revenue): Fiji's value of 39.33% is above the average of 31.82%. Fiji is ranked 35th out of 122 countries for this attribute.

Taxes on international trade (% of revenue): Fiji's value of 20.53% is significantly above the average of 6.24%. Fiji is ranked 6th out of 101 countries for this attribute.

Taxes on income, profits and capital gains (% of revenue): Fiji's value of 22.51% is below the average of 24.66%. Fiji is ranked 63rd out of 119 countries for this attribute.

Summary

Fiji's revenue indicators such as Revenue excluding grants (% of GDP) and Taxes on income, profits, and capital gains (% of revenue) are below average, indicating potential room for improvement in revenue generation efficiency. However, Fiji's high Taxes on international trade (% of revenue) indicate a significant reliance on import/export taxes compared to other countries. These findings are crucial as they highlight areas where Fiji can enhance revenue generation strategies, possibly by diversifying revenue sources to reduce dependency on specific taxation categories.

Taxes

1. Tax revenue (% of GDP): Fiji's tax revenue is 19.45% of its GDP, which is above the average of 16.72%. Fiji ranks 42 out of 123 countries in this attribute.

2. Taxes on exports (% of tax revenue): Fiji's taxes on exports account for 0.45% of its tax revenue, below the average of 2.54%. Fiji ranks 12 out of 36 countries in this attribute.

3. Customs and other import duties (% of tax revenue): Fiji's customs and import duties represent 16.30% of its tax revenue, higher than the average of 9.01%. Fiji ranks 17 out of 99 countries in this attribute.

4. Taxes on income, profits and capital gains (% of total taxes): In Fiji, taxes on income, profits, and capital gains contribute to 27.33% of total taxes, below the average of 38.40%. Fiji ranks 94 out of 120 countries in this attribute.

5. Tariff rate, applied, weighted mean, all products (%): Fiji's applied tariff rate is 16.62%, significantly higher than the average of 5.21%. Fiji ranks 3 out of 153 countries in this attribute.

Summary

Fiji's tax revenue as a percentage of GDP is higher than the global average, indicating a relatively strong tax collection system. However, the country heavily relies on customs and import duties for tax revenue, which is significantly higher than the average. This might point to a heavy dependence on imports. Additionally, Fiji's high applied tariff rate suggests a protective trade policy, possibly aimed at safeguarding domestic industries but could also hinder international trade and economic growth.

These indicators are crucial as they reflect Fiji's fiscal policies, trade practices, and economic stability. Understanding these metrics can provide insights into the government's revenue sources, trade competitiveness, and potential barriers to economic development.

Government Expenses

- Expense (% of GDP): Fiji's expense as a percentage of GDP is slightly below the average compared to 123 countries, ranking 62nd. - Compensation of employees (% of expense): Fiji's percentage spent on employee compensation is above the average, ranking 41st out of 123 countries. - Goods and services expense (% of expense): Fiji's expenditure on goods and services as a percentage of total expense is slightly above average, ranking 51st out of 122 countries. - Interest payments (% of expense): Fiji's spending on interest payments is significantly higher than the average, ranking 18th out of 121 countries. - Other expense (% of expense): Fiji's other expenses as a percentage of total expense are below average, ranking 70th out of 120 countries. - Subsidies and other transfers (% of expense): Fiji's spending on subsidies and transfers is below average, ranking 75th out of 121 countries.

Summary

Fiji's macroeconomic indicators show that while its overall expense as a percentage of GDP is slightly below average, the country allocates a higher than average proportion towards employee compensation and interest payments. On the other hand, Fiji's spending on goods and services, other expenses, and subsidies/transfers are either around or below average compared to other countries. These indicators are important as they reflect how Fiji prioritizes spending, particularly in terms of supporting its workforce, managing debt through interest payments, and distributing funds for goods, services, and social welfare programs.

Top Stats

Ranks in Top Decile For:

Attribute Rank/Total
Average precipitation in depth (mm per year) 11/178
Food, beverages and tobacco (% of value added in manufacturing) 8/92
Public and publicly guaranteed debt service (% of GNI) 9/120
Net acquisition of financial assets (% of GDP) 3/87
Net incurrence of liabilities, total (% of GDP) 1/92
Taxes on international trade (% of revenue) 6/101
Tariff rate, applied, weighted mean, all products (%) 3/153

Ranks in Bottom Decile For:

Attribute Rank/Total
Machinery and transport equipment (% of value added in manufacturing) 84/93
Inflation, consumer prices (annual %) 165/165
Broad money growth (annual %) 128/139
Fuel exports (% of merchandise exports) 139/147
Merchandise exports by the reporting economy, residual (% of total merchandise exports) 160/166
Insurance and financial services (% of service exports, BoP) 145/161
Agricultural raw materials imports (% of merchandise imports) 138/152