Kamikamica refutes claims of temporary suspension of kava exports
The Ministry of Trade has unequivocally refuted recent claims circulating regarding the temporary suspension of kava exports from Fiji. Deputy Prime Minister, Manoa Ka
Tag: Economy
$216 million contributed by Outsource Fiji to Fiji’s economy
Outsource Fiji contributes about $216 million to Fiji’s economy annually towards the development of the country. While speaking to fijivillage News, Outsource F
Real estate puts $287 million or 3% towards GDP - Acting PM
The Fiji Bureau of Statistics 2022 Report on Fiji’s Gross Domestic Product tells us that, the real estate sector typically pitches roughly $287 million or 3 percen
Cabinet approves formulation of a new National Development Plan
The Cabinet has approved the framework, processes, approach and timelines for the formulation of a new National Development Plan by the recently re-established Strategic
70% of the country’s GDP is comprised of services – PS Trade
Fiji's economy is predominantly a services economy and approximately 70 percent of the country’s GDP is comprised of services. This was highlighted by the Perma
Economic activity is healthy due to tourism, remittances and domestic demand – RBF
Economic activity domestically has been healthy despite persistent headwinds, mainly due to a thriving tourism sector, strong remittances and resilient domestic demand wh
Inflation surged to 5.8% in November - RBF
Inflation surged to 5.8 percent in November as higher prices were noted across most categories, particularly the food and nonalcoholic beverages, transport, housing and u
20% growth last year and a further 8% projected for this year, Fiji’s economy is on the path to full recovery – Prof Prasad
After a strong 20 percent growth last year and a further 8 percent projected for this year, Fiji’s economy is on a path to full recovery and growth is expected to
Economy continues to perform well, headline inflation at 4% in Oct – RBF
Despite the slowdown in the global economy, the Reserve Bank of Fiji states that the Fijian economy continues to perform well and is projected to grow by 8.2 percent this
50,000 Fijians left the country on work and student permits from Jan 2022 to Oct 2023
Fiji has lost around 50,000 people who have gone overseas for employment or went on student visas between January 2022 to October this year. This has been revealed by
Govt starts survey to understand skills and training needs of the country
A Training and Skill Needs Analysis Survey 2023 has started that aims to identify priority areas of training and skill needs for human capital planning and development in
Fijian economy projected to expand by 8.2% this year - RBF
The Fijian economy is projected to expand by 8.2 percent this year, an upgrade from the 8 percent growth expected earlier, and by the end of the year, visitor arrivals ar
Economy to only grow by 2-3% in the next 2-3 years as tourism industry will reach max capacity next year - ANZ Bank economist
Fiji’s economy will only grow by about two to three percent in the next two to three years because the tourism industry which is currently driving the economy wil
Inflation in Fiji could be as high as 13% - ANZ economist
Inflation in Fiji could be as high as 13% - ANZ economist The rate of inflation could be a lot higher than 6 percent that has been projected by the Reserve Bank of Fij
Fiji’s economy is on a path to full recovery as the economy has progressed – Prof Prasad
Fiji’s economy is on a path to full recovery and growth is expected to be sustainable as the economy has progressed in the last 9 months after a strong 20 percent
Japan provides MSAF $1.6m funding for the procurement of Oil Spill Preventative Equipment
The Japanese Government will provide funding of $1.6 million to the Fiji government to support the procurement of Oil Spill Preventative Equipment for the Maritime Safety
When we came into Office, the govt was underfunded and we want to fix this differently – Prof. Prasad
Deputy Prime Minister and Minister for Finance Professor Biman Prasad says if they could not find the money to fund the Government when they came into office last year, t
$2.75b revenue for 2022-2023 financial year
The total revenue for the 2022-2023 financial year stood at $2.7498 billion which is 22.6 percent of GDP while the total expenditure amounted to $3.5892 billion or 29.5 p
Debt level at $9.75b, equivalent to 80% of GDP at end of July
Fiji’s debt levels stood at $9.75 billion, equivalent to 80 percent of GDP at the end of July 2023, a major reduction from around 89 percent a year ago and based o
Medicinal cannabis industry will be limited to exportation and will not affect domestic prohibition - Kamikamica
As public consultations on the establishment of a medicinal cannabis industry in Fiji begins next week, Minister for Trade Manoa Kamikamica has stressed that it will be l
Fully integrated Pacific region with a visa free arrangement is a crucial part of a short term fix for major skill migration – Prof.Prasad
Deputy Prime Minister, Professor Biman Prasad says Fiji is currently going through a major skill migration and this has the potential to harm our fragile post pandemic ec