{
  "title": "Potential Output and High-Income Convergence in Fiji",
  "publication": "Selected Issues Papers, June 23, 2026",
  "sourceUrl": "https://www.imf.org/en/publications/selected-issues-papers/issues/2026/06/23/potential-output-and-high-income-convergence-in-fiji-577202",
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  "summary": "This paper examines Fiji’s potential output growth using a production-function approach and analyzes income convergence toward high-income status. Potential growth is estimated at around 3.4 percent over the medium term, with capital accumulation and productivity as the main drivers.",
  "sections": [
    {
      "heading": "Summary findings",
      "content": "- Potential growth is estimated at around 3.4 percent over the medium term.\n- Convergence to high-income status by 2050 is characterized as feasible under conditions of sustained and productive investment, particularly targeted at enhancing resilience to climate-related shocks.\n- Capital accumulation and productivity are identified as the main drivers of potential growth."
    },
    {
      "heading": "Drivers and methodology",
      "content": "- Approach: production-function approach and growth accounting.\n- Main contributors to potential output growth:\n  - Capital accumulation.\n  - Productivity improvements, including total factor productivity.\n- Key subject areas covered: Human capital, Income, Labor, National accounts, Potential output, Production, Productivity, Total factor productivity."
    },
    {
      "heading": "Convergence scenario and conditions",
      "content": "- Target: high-income status by 2050.\n- Preconditions for feasibility:\n  - Sustained investment.\n  - Productive allocation of investment, with emphasis on enhancing resilience to climate-related shocks.\n- Implicit trade-offs and risks highlighted by the analysis:\n  - Dependence on the quality and resilience orientation of investment to withstand natural disasters and climate risks."
    },
    {
      "heading": "Policy implications and recommendations",
      "content": "- Prioritize investment that is both sustained and productive.\n- Target investments to enhance climate resilience to reduce setback risks from natural disasters.\n- Strengthen factors that raise productivity, including policies that support total factor productivity growth and human capital development."
    },
    {
      "heading": "Key statistics and publication metadata",
      "content": "- Pages: 12\n- Volume: 2026\n- Issue: 053\n- Series: Selected Issues Paper No. 2026/053\n- DOI: https://doi.org/10.5089/9798229052436.018\n- Stock No: SIPEA2026053\n- ISBN: 9798229052436\n- ISSN: 2958-7875\n- Authors: Matteo Ghilardi, Sonam Tobgay\n- Date: June 23, 2026\n\nPotential Output and High-Income Convergence in Fiji, Selected Issues Papers 2026/053, Matteo Ghilardi and Sonam Tobgay, June 23, 2026.\n\n---\n\n Content in this bundle\n\n- Potential Output and High-Income Convergence in Fiji\n  - Potential Output and High-Income Convergence in Fiji (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Potential Output and High-Income Convergence in Fiji (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/selected-issues-papers/issues/2026/06/23/potential-output-and-high-income-convergence-in-fiji-577202"
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    "Authors: Matteo Ghilardi, Sonam Tobgay",
    "Published: June 23, 2026",
    "Series: Selected Issues Papers",
    "DOI: https://doi.org/10.5089/9798229052436.018",
    "Potential growth is estimated at around 3.4 percent over the medium term.",
    "Convergence to high-income status by 2050 is characterized as feasible under conditions of sustained and productive investment, particularly targeted at enhancing resilience to climate-related shocks.",
    "Capital accumulation and productivity are identified as the main drivers of potential growth.",
    "Approach: production-function approach and growth accounting.",
    "Main contributors to potential output growth:",
    "Key subject areas covered: Human capital, Income, Labor, National accounts, Potential output, Production, Productivity, Total factor productivity.",
    "Target: high-income status by 2050.",
    "Preconditions for feasibility:",
    "Implicit trade-offs and risks highlighted by the analysis:",
    "Prioritize investment that is both sustained and productive.",
    "Target investments to enhance climate resilience to reduce setback risks from natural disasters.",
    "Strengthen factors that raise productivity, including policies that support total factor productivity growth and human capital development.",
    "Pages: 12",
    "Volume: 2026",
    "Issue: 053",
    "Series: Selected Issues Paper No. 2026/053",
    "DOI: https://doi.org/10.5089/9798229052436.018",
    "Stock No: SIPEA2026053",
    "ISBN: 9798229052436",
    "ISSN: 2958-7875",
    "Authors: Matteo Ghilardi, Sonam Tobgay",
    "Date: June 23, 2026",
    "**Potential Output and High-Income Convergence in Fiji**"
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