Fiji: Recent Economic Developments
February 7, 1995
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This paper reviews economic developments in Fiji during 1990–95. The reorientation of policies, although incomplete, led to stronger growth of nontraditional exports and non-sugar manufacturing, and to a pickup in GDP growth to an average of 4.1 percent between 1988 and 1993. Fiscal deficits declined in the early 1990s, although often larger than budgeted, and the external current account progressively turned into a surplus position. Despite the actions undertaken, however, private investment did not recover from its slump in the late 1980s impeding the economy from fully exploiting its growth potential.
Subject: Agricultural commodities, Budget planning and preparation, Commodities, Exports, Imports, International trade, Public financial management (PFM), Tariffs, Taxes
Keywords: Agricultural commodities, Australia and New Zealand, broad money, Budget planning and preparation, capital base, CR, current account, Exports, Fiji customs schedule, Fiji economy, Fiji sugar industry, flat rate, Imports, inflation rate, ISCR, Pacific Islands, pound sterling, price level, public enterprise, reform policy, Tariffs, U.S. dollar
Pages:
84
Volume:
1995
DOI:
Issue:
010
Series:
Country Report No. 1995/010
Stock No:
1FJIEA0011995
ISBN:
9781451813319
ISSN:
1934-7685
Notes
This report on recent economic developments in Fiji was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.
