Fiji is one of the most developed of the Pacific island economies – with its $1.64 billion GDP, generated by a workforce of just 335,000. In 2012, Fiji’s economy rose by 2.5%, followed by a 2.7% growth in 2013, with agriculture, manufacturing and financial intermediation sectors the key forces behind this growth.
Sugar, textile exports, timber and still mineral water were traditional drivers of the Fiji economy up until recently, with the tourism industry now leading the way. The country’s gross earnings from tourism in 2011 totalled $1.051 billion, more than the combined revenues of the country’s top five exports – fish, water, garments, timber and gold.
Tourism and the Fiji economy
According to the Economic Impact, travel and tourism contributed to 13.8% of the total GDP and is forecast to rise by 5.1% pa during 2014-2024, to 18.7% of total GDP in 2024.
In 2013 Fiji’s tourism industry supported 43,000 jobs – 12.4% of total employment. This figure is also expected to rise by 3.3% pa to 63,000 jobs (17.1% of total employment) by 2024.
Some big numbers…
But it’s not all surf, sunshine and sand. Fiji is suffering a skills shortage. Read More