Economics of Fiji

In: Business and Management

Submitted By blaine
Words 1535
Pages 7
Fiji is a group of volcanic islands in the South Pacific. The archipelago consists nearly of 900 islands and islets. Around 106 are permanently inhabited. The largest island, Viti Levu, covers about 57 % of the nation's land area. It also hosts the two most important cities, Suva, and Lautoka. Most other major towns contain around 70% of the population. Vanua Levu, north of Viti Levu, covers a little over 30 % of the land area and holds 15% of the population. The two main islands are mountainous, with peaks up to 1300 meters. Fiji gets a lot of rain per year and the tropical rain forests that developed on these mountains flourish. The lowlands on the western portions of each of the main islands are sheltered by the mountains. These spots are well equipped for a dry and well-marked season which is favorable to crops such as sugarcane.
In the past decade, the island of Fiji has had a very unstable pattern for economic growth.
Year Real GDP Population Real GDP per capita RealGrowth Rate
1995 1,519,000,000 767,936 1978 4.81%
1996 1,592,000,000 775,950 2052 -2.20%
1997 1,557,000,000 783,156 1988 1.28%
1998 1,577,000,000 789,680 1997 8.81%
1999 1,716,000,000 795,788 2156 -1.69%
2000 1,687,000,000 801,681 2104 1.96%
2001 1,720,000,000 807,329 2130 3%
2002 1,775,000,000 812,658 2184 1.01%
2003 1,793,000,000 817,791 2192 5%
2004 1,888,000,000 822,885 2294 0.69%
2005 1,901,000,000 828,046 2296 3.42%
2006 1,966,000,000 833,330 2359
From the evidence above, you can see the real growth rate of Fiji and its unstable condition. The real GDP and population have been growing every year on up. Although there was a small but short decline of real GDP per capita through the years 1997 to 1998, it still continues to rise year and year. Many reasons can apply to this growth rate, but economists still say that Fiji is up and on the rise due to the fact that it is a very…...

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