Flag description: light blue with the flag of the UK in the upper hoist-side quadrant and the Fijian shield centered on the outer half of the flag; the shield depicts a yellow lion above a white field quartered by the cross of Saint George featuring stalks of sugarcane, a palm tree, bananas, and a white dove
Economy Fiji
Economy - overview: 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 with the economy shrinking by 2.8% in 2000 and growing by only 1% in 2001. The Fiji Visitor's Bureau expects visitor arrivals to reach pre-coup levels during 2002. The government's ability to manage its budget - which is expected to run a net deficit of 6% in 2002 - will depend upon a return of political stability and investor confidence.
GDP: purchasing power parity - $4.4 billion (2001 est.)
GDP - real growth rate: 1% (2001 est.)
GDP - per capita: purchasing power parity - $5,200 (2001 est.)
GDP - composition by sector: agriculture: 17% industry: 25% services: 58% (2000 est.)
Population below poverty line: 25.5% (1990-91)
Household income or consumption by percentage share: lowest 10%: NA% highest 10%: NA%
Inflation rate (consumer prices): 3% (2000 est.)