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  • Fiji—Strong tourism recovery boosts growth prospects

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Fiji’s economy, which shrank by around 20% in wake of pandemic-related global travel restrictions, is strengthening as tourism and related service industries recover following reopening of borders in December 2021. In June, more than 62,000 tourists visited Fiji, roughly three times as many as in March. Since the beginning of the year about 62% of all visitors to Fiji were from Australia (Chart). Indeed, Fiji has increased its market share of Australian tourism, confirming forecast pent-up demand for short-haul leisure travel. Prior to the pandemic, 3% of all Australian travellers (for purposes such as business, holidays, employment, education and other reasons) visited Fiji, but that proportion has risen to 9% through the first five months of 2022. Fiji’s close proximity, high vaccine coverage, good flight connectivity and competitive pricing following border reopening will continue to support tourism prospects.

Tourism is important to Fiji, contributing about 40% of GDP. A stronger than expected tourism recovery prompted the Reserve Bank of Fiji to recently upgrade its GDP growth forecasts; to 12.4% in 2022 (up 1.1 percentage points from the previous December 2021 estimate) and 9.2% in 2023 (up 0.7 percentage points). These forecasts assume visitor arrivals reach 55% of 2019 levels in 2022 and 85% of 2019 levels in 2023, which if recent trends persist, appears achievable. According to reports , tourists are also staying longer and spending more, supporting Fijian employment and boosting earnings for accommodation and service operators. Strong GDP growth rates will support fiscal consolidation and lower debt sustainability risks, as Fiji emerges from the pandemic with a historic level of government debt (around 89% of GDP).

Brightening economic prospects should help lift Australian goods and services exports to Fiji, which fell 28% to $425 million in FY2021. Food and beverage producers are notable suppliers to Fiji’s hotels and should benefit from Fiji’s tourism recovery, while opportunities also exist for investment in infrastructure such as transport, roads and climate-resilient projects.

Chart 8

fiji gdp tourism

International tourism, receipts (current US$) - Fiji

fiji gdp tourism

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Tourism makes up nearly 40% of Fiji’s GDP. As coronavirus travel restrictions bite, the Pacific nation will be brought to its economic knees.

'It's catastrophic': Fiji's colossal tourism sector devastated by coronavirus

Tourism employs about 150,000 people in the Pacific nation, but travel restrictions mean the work and the money are drying up

On a typical evening Suva’s Holiday Inn is packed with guests from all over the world. But tonight, the dining room of the hotel, one of the most popular in Fiji’s capital, which normally buzzes with the dinner rush, stands empty,

Looking lost amid the empty tables is waiter Samuela Yavala.

“I’ve been in the industry for a good 19 years and I have never seen anything like this,” he says.

Before the coronavirus crisis, Yavala could make FJ$300 (£106) a week after overtime and tips, which is relatively high for country with a minimum wage of FJ$2.68 an hour for unskilled workers. Since the pandemic, his hours have been reduced and his salary halved and Yavala wonders how he will support his elderly parents. His biggest fear is being laid off completely.

“I don’t know what I’ll do,” he says. A similar scene is being played out across Fiji’s tourism hotspots as the coronavirus bites into the Pacific island’s most important industry. As jobs are slashed and incomes dry up, people like Yavala face a desperate future.

The Holiday Inn in Suva stands empty as coronavirus travel restrictions devastate Fiji’s tourism industry.

Fiji has so far recorded 16 confirmed Covid-19 cases with no deaths so far. The government responded swiftly and firmly to the outbreak, closing the country’s main airport in Nadi on 25 March, six days after Fiji announced its first confirmed case, which was brought into the country by a flight attendant.

Since then, the entire country has to abide by a curfew from 8pm to 5am and police and the military are out enforcing the coronavirus laws.

The country is braced for a deadly outbreak that would quickly stretch its health system to breaking point. But even if the worst-case health scenario is avoided, a devastating economic impact looks unavoidable .

Tourism contributes nearly 40% to Fiji’s gross domestic product – about FJ$2bn (AU$1.4bn) – and directly or indirectly employs over 150,000 people in various industries. Last year, Fiji had more tourists coming into the country (894,000) than residents living in it (roughly 880,000). The bulk of its tourists come from nearby Australia (41%) and New Zealand (23%), which like many countries around the world have banned international travel.

Tony Whitton, the managing director of Rosie Holidays and Ahura Resorts, which plans to reduce its workforce from about 600 workers to 40 essential staff in the coming weeks.

Fiji Airways, the country’s national airline, has grounded 95% of flights amid travel restrictions and border closures around the world and the Fiji Hotel and Tourism Association (FHTA) says a staggering 279 hotels and resorts have closed since the outbreak reached Fiji, causing more than 25,000 to lose their jobs, particularly in the western part of the country’s main island, the hub of the industry and the gateway to many resort islands.

“This will be catastrophic,” says Tony Whitton, managing director of Rosie Holidays and Ahura Resorts. The Rosie Group plans to reduce its workforce from about 600 workers to 40 essential staff in the coming weeks.

“My view is that it will take one year at least – so until the end of 2021 – just for the industry to recover and we won’t see growth until at least 2022,” he said, adding that any recovery in the industry will depend on when source markets such as Australia and New Zealand open their borders again.

The knock-on effect of these job cuts will be enormous. Many of those employed in the tourism sector support dependents in a country where the wages are low, cost of living is high, and government support is minimal.

The wages Joape Anare earned while working at the Tanoa Group of Hotels in Nadi supported his parents and put his two sisters through school.

Joape Anare lost his job in tourism in Nadi and has been forced to move home to his island of Beqa, where he will survive off subsistence farming.

He was laid off due to the coronavirus crisis and has been has forced to move back to his village on Beqa Island, located about 45km south of Suva, to survive from subsistence farming.

“Handing in my uniform before leaving was really hard and indeed an emotional experience. My work was my life. I don’t know whether I will be returning to this field again,” he said.

Fiji’s minister of economy and attorney-general Aiyaz Sayed-Khaiyum announced a FJ$1bn economic stimulus budget in late March to assist businesses and workers in the current climate, which allows some workers to access up to FJ$1,000 from their superannuation funds, with government topping up payments for ineligible applicants.

But Nigel Skeggs, director of The Rhum-Ba, a restaurant bar on Denarau Island in Nadi, has urged the government to reduce taxes to help businesses stay open, saying Fiji’s tourism operators had been struggling for some time with the burden of keeping Fiji’s economy afloat.

“Our top-heavy tax system has taken all domestic liquidity away and left operators with minimal profit and significantly reduced cashflows - for most small businesses this means little to no savings,” he said.

The Reserve Bank of Fiji expects the country’s economy to slide into a recession in 2020 after nearly 10 consecutive years of growth.

According to the World Bank’s recently released East, Asia and the Pacific economic update, the severity of the contraction will depend on how long the Covid-19 crisis lasts.

Professor Stephen Pratt, head of the tourism school at the University of the South Pacific says that the crisis was an opportunity for operators to reimagine what Fiji’s industry will resemble in a post-coronavirus world.

“It’s a bit of a paradigm shift and it’s a chance for the industry and academics to say what sort of tourism do we want going forward,” he said.

“I think there will be some fundamental changes in not just Fiji but the source markets as well. International politics are involved so there might be things like safe countries or blocs of countries that have their own agreements for travellers.

“Tourism is a people to people business and fundamentally goes against social distancing,” he said. “We are watching closely.”

  • The Pacific project
  • Coronavirus
  • Asia Pacific
  • Pacific islands
  • Infectious diseases

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Market Research

Tourism research and data collection plays an important role in ensuring that Fiji remains competitive in the global tourism industry. Read our analysis of the current research which highlights some key trends and insights into consumer behavior and demand. We hope it will help industry stakeholders make informed and strategic plans for the development of their tourism product.

This report provides an evidence-based analysis by Twenty31 on the top 12 trends that are shaping the future of travel and destinations. The report is tailored specifically for Fiji's tourism industry and is designed to help stakeholders in the industry understand the emerging trends and their potential impact on tourism in Fiji.  Please click here for the full report.

  • Direct expenditure associated with game attendees and event operations reached FJD$67.1 million, creating employment opportunities for 21,000 individuals, equivalent to 520 full-time jobs.
  • International visitors spent an average of FJD$6,837 during their stay, contributing to a total expenditure of FJD$40 million, generating 40,328 overseas visitor nights and stimulating Fiji's tourism industry.
  • The study indicates that the benefits of sports tourism extend beyond immediate economic gains, with 90% of surveyed visitors planning to attend games in 2024, and 95% willing to recommend the experience to others.
  • The domestic impact is substantial, contributing FJD$11.5 million to new local incomes and creating 242 full-time equivalent jobs. Domestic tourism is also positively influenced, with games generating 20,970 visitor nights and a spend of FJD$2.35 million among local tourists.

The Ministry of Tourism, in partnership with the International Finance Corporation, conducted a comprehensive study to measure the direct and indirect impact of cruising in Fiji. The research focused on various aspects of the cruise industry, including the total expenditure by cruise companies, the contribution of the industry to Fiji’s GDP, employment opportunities, and the overall economic impact. Please click here for the full report.

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Economic impact of tourism on Fiji's economy: empirical evidence from the computable general equilibrium model

Research output : Contribution to journal › Article › Research › peer-review

Tourism is Fiji's largest industry, earning over F$500 million in foreign exchange and employing around 40,000 people. The tourism industry over the last decade has grown at an annual rate of 10-12%. The expansion of tourism, which generates more expenditure in the economy, is likely to have implications for other industries. In this paper, the aim is to delineate the long-run impact of a 10% increase in tourist expenditure on Fiji's economy. To achieve this, the author uses a computable general equilibrium model. Among the key findings are that a 10% increase in tourist expenditure in Fiji will increase GDP by 0.5% and contribute to an improvement in the balance of payments, real consumption will increase by 0.72% and real national welfare will increase by 0.67%. It is also found that an expansion of tourism will lead to an appreciation of the exchange rate, together with an increase in domestic prices and wage rates, and so traditional export sectors will experience a decline in their export competitiveness. In Fiji's case there is evidence that the increases in tourism and non-traditional exports outweigh the fall in non-traditional exports caused by an expansion of tourism.

  • Computable general equilibrium models
  • Tourism impacts

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  • 10.5367/0000000042430971

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  • Link to publication in Scopus

T1 - Economic impact of tourism on Fiji's economy

T2 - empirical evidence from the computable general equilibrium model

AU - Narayan, Paresh Kumar

N1 - Copyright: Copyright 2017 Elsevier B.V., All rights reserved.

PY - 2004/12

Y1 - 2004/12

N2 - Tourism is Fiji's largest industry, earning over F$500 million in foreign exchange and employing around 40,000 people. The tourism industry over the last decade has grown at an annual rate of 10-12%. The expansion of tourism, which generates more expenditure in the economy, is likely to have implications for other industries. In this paper, the aim is to delineate the long-run impact of a 10% increase in tourist expenditure on Fiji's economy. To achieve this, the author uses a computable general equilibrium model. Among the key findings are that a 10% increase in tourist expenditure in Fiji will increase GDP by 0.5% and contribute to an improvement in the balance of payments, real consumption will increase by 0.72% and real national welfare will increase by 0.67%. It is also found that an expansion of tourism will lead to an appreciation of the exchange rate, together with an increase in domestic prices and wage rates, and so traditional export sectors will experience a decline in their export competitiveness. In Fiji's case there is evidence that the increases in tourism and non-traditional exports outweigh the fall in non-traditional exports caused by an expansion of tourism.

AB - Tourism is Fiji's largest industry, earning over F$500 million in foreign exchange and employing around 40,000 people. The tourism industry over the last decade has grown at an annual rate of 10-12%. The expansion of tourism, which generates more expenditure in the economy, is likely to have implications for other industries. In this paper, the aim is to delineate the long-run impact of a 10% increase in tourist expenditure on Fiji's economy. To achieve this, the author uses a computable general equilibrium model. Among the key findings are that a 10% increase in tourist expenditure in Fiji will increase GDP by 0.5% and contribute to an improvement in the balance of payments, real consumption will increase by 0.72% and real national welfare will increase by 0.67%. It is also found that an expansion of tourism will lead to an appreciation of the exchange rate, together with an increase in domestic prices and wage rates, and so traditional export sectors will experience a decline in their export competitiveness. In Fiji's case there is evidence that the increases in tourism and non-traditional exports outweigh the fall in non-traditional exports caused by an expansion of tourism.

KW - Computable general equilibrium models

KW - Tourism impacts

UR - http://www.scopus.com/inward/record.url?scp=10644292110&partnerID=8YFLogxK

U2 - 10.5367/0000000042430971

DO - 10.5367/0000000042430971

M3 - Article

AN - SCOPUS:10644292110

SN - 1354-8166

JO - Tourism Economics

JF - Tourism Economics

The Fiji Times

A new phase: The future of Fiji’s tourism industry is green

Listen to this article:

fiji gdp tourism

Under turquoise seas a unique cornucopia teeming with marine life awaits those lucky enough to holiday in South Pacific nation Fiji.

Visitors here are welcomed with open arms.

Tourism is vital to the lives and livelihoods of everyone in Fiji.

Now rebounding strongly after the pandemic forced a virtual shutdown, Fiji’s tourism industry faces a critical challenge: To help drive widespread sustainable prosperity it must both leverage and protect its unique environment, while equipping itself to withstand the worsening ravages of climate change.

“The only way we can usher a new phase of tourism development is if sustainability is at the heart of it – for the sake of our future generations,” said Fiji’s Deputy Prime Minister and Minister for Tourism and Civil Aviation, Viliame Gavoka.

Tourism-reliant economies such as Fiji were among the world’s hardest hit by the pandemic.

In a nation of more than 900,000 people, more than 200,000 Fijians lost their jobs.

The economic impacts were stark: In 2020, Fiji’s real gross domestic product (GDP) growth plummeted to a decline of 17 per cent.

Before the pandemic, tourism operators Maureen and Rodney Simpson had a thriving business employing 10 people in Savusavu, a resort on Fiji’s second biggest island Vanua Levu.

fiji gdp tourism

When international borders closed, life immediately became a lot more precarious for them and their workers.

“We had zero income,” Maureen Simpson said.

“When tourism re-opened, we renamed ourselves from Dive for Life to Dive Savusavu, basically to advertise Savusavu.”

Reopening and the return of tourists has helped drive a much-needed economic recovery in Fiji.

GDP growth is estimated at 15.1 per cent in 2022 and to be 5.4 per cent in 2023.

The Fiji Bureau of Statistics reported that Fiji’s visitor arrivals for December 2022 surpassed pre-Covid levels with 75,580 visitors landing in Fiji or 102 per cent of 2019.

Now, tourists are returning in good numbers, staying longer, and spending more per day compared with 2019 according to early post-COVID findings of the International Visitors’ Survey, which IFC also supports.

And when people come to Fiji for a holiday, they like to return: the healthy bounce is backed by repeat visitors who are half of all arrivals.

Reefs and business come back to life

In Savusavu, it’s 10 in the morning and the floating bures dotting the crystal waters in front of the picturesque Koro Sun Resort are still locked up.

It might seem quiet, but happily, the tourists are back.

The latest arrivals are resting after travelling over 16,000 kilometers and 30 hours from the United Kingdom to experience unique diving in Fiji’s “soft coral capital”.

Vanua Levu is known for stunning beaches and waters carpeted with jaw-dropping arrays of coral and sea life.

Tourists travel there from all over the world to snorkel and dive.

Close by, the Simpsons are busy directing their workers to check oxygen tanks, dive equipment and snorkeling gear.

Like most other tourism operators, they have been busy since borders reopened in 2021.

“We noticed during these two years when we were closed, our reefs have really come back to life. We also have turtles, hammerhead sharks and even whales around the dive spots – we respect them, and they respect us. And this has been the highlight of our diving,” Ms Simpson said.

Promise of a sustainable path

Vanua Levu is part of a long-term vision in Fiji to develop a more diversified and sustainable tourism sector.

IFC is working with people and groups from across the industry to assist.

This includes enabling sustainable, green and climate resilient investments and helping the Ministry of Tourism and Civil Aviation (MCTA) to develop standards for tourism businesses.

IFC is also supporting the MTCA to develop the National Sustainable Tourism Framework.

This framework will provide a blueprint and strategy for an inclusive, resilient, and sustainable tourism industry.

It comes amid a sharp focus on the benefits sustainable development has to offer.

Targeting $3 billion Fijian dollars in visitor expenditure by next year, Tourism Fiji’s Corporate Plan for 2022-2024 urges “a strong focus on conserving the special environment that attracts our visitors”.

Fiji Hotel and Tourism Association chief executive officer Fantasha Lockington said the renewed focus on sustainability being driven at national level represented a positive shift as “it was previously delivered on far smaller scales by individual businesses”.

“Additionally, that Fiji’s more resilient reefs (to coral bleaching and their remarkable ability to renew themselves) is being recognised globally by marine scientists and ecologists.”

IFC Country manager for Australia, New Zealand, Papua New Guinea and the Pacific Islands, Judith Green said: “The challenges faced in Fiji and the Pacific are similar to my home country, Jamaica, and the Caribbean Islands. We need to make sure that development, which is needed in the islands, is sustainable and that it does not harm the environment.”

Friend and foe Like many around the world who live by the ocean, the sea is a critical source of income and food for Fijian islanders.

And amid the harmful impacts of climate change, it can also be the greatest threat to their survival. Fiji is one of the most world’s most vulnerable nations to climate change and climate-related disasters.

People there face a myriad of tipping points from rising sea levels and coastal erosion to depleted fisheries and more frequent and ferocious extreme weather events.

The Simpsons have experienced devastation before.

Rodney Simpson says cyclone Winston in 2016 – one of the most severe cyclones to ever hit the South Pacific — damaged 90 per cent of the reefs located five minutes away.

They saw the coral and ocean regenerate after the onslaught and recognise that their business can play an important role in helping to protect the precious local nature for generations to come.

Twice a week, Dive Savusavu hosts a coral and mangrove planting program for children to teach them the importance of conservation.

It’s just one element of how their business is playing a sustainable role in their local community.

Another is by training hundreds of local youths as divers, helping to drive local employment in an environmentally friendly industry.

With significant numbers of visitors now returning, the Simpsons say it is critical that more is done to protect the natural assets that attract the lifeblood of the economy.

“If we don’t take putting strict measures to protect the reefs, what is going to happen is that we won’t have any more reef in future,” said Mr Simpson.

“As we much as we need visitors, we must also be mindful to keep our oceans healthy for our future,” he said.

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The Gross Domestic Product (GDP) in Fiji was worth 4.98 billion US dollars in 2022, according to official data from the World Bank. The GDP value of Fiji represents 0 percent of the world economy. GDP in Fiji averaged 1.94 USD Billion from 1960 until 2022, reaching an all time high of 5.58 USD Billion in 2018 and a record low of 0.11 USD Billion in 1960. source: World Bank

Gdp in fiji is expected to reach 5.17 usd billion by the end of 2024, according to trading economics global macro models and analysts expectations. in the long-term, the fiji gdp is projected to trend around 5.32 usd billion in 2025 and 5.54 usd billion in 2026, according to our econometric models..

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IMAGES

  1. Fiji Tourism Revenues

    fiji gdp tourism

  2. Fiji International tourism revenue, percent of GDP

    fiji gdp tourism

  3. Sectoral performances to drive growth in Fijian economy

    fiji gdp tourism

  4. Fiji

    fiji gdp tourism

  5. Fiji GDP per capita

    fiji gdp tourism

  6. Fiji

    fiji gdp tourism

COMMENTS

  1. IMF Country Report No. 23/238 REPUBLIC OF FIJI

    Fiji's economy rebounded strongly in 2022, as tourism recovered rapidly. The tourist arrivals in 2022 reached 71 percent of 2019 levels, yielding GDP growth of an estimated 16.0 percent in 2022. Inflation has been contained, averaging 4.3 percent in 2022 and falling to 2 percent

  2. Statistics and Insights

    As Fiji's largest foreign exchange earner, the tourism industry plays a key role in supporting Fiji's economy. To maximize opportunities and remain competitive, the industry requires up-to-date information on market trends and industry developments to help shape their marketing strategy.

  3. Fiji'S International Visitor Survey Reveals $2.09 Billion in Tourism

    The tourism industry surpassed expectations earning $2.09 billion between April and December 2022 with majority of the 587,406 holiday makers coming from Australia, New Zealand and United States, the Fiji 2022 Annual International Visitor Survey (IVS) revealed. Tourists spent the most on accommodation, totaling $801 million or 38 percent of total earnings. International and domestic […]

  4. Visitors contribute FJ$805 million to Fiji's economy over 5 months

    Nov 2, 2022 | News. Preliminary findings from Fiji's International Visitor Survey (IVS) for the period April to August 2022 reveal $805 million in tourism earnings, excluding air component. The five months of findings show that visitors spent $271 per person per night, which was up considerably (+12%) from the average $242 spent in 2019, over ...

  5. Fiji—Strong tourism recovery boosts growth prospects

    Tourism is important to Fiji, contributing about 40% of GDP. A stronger than expected tourism recovery prompted the Reserve Bank of Fiji to recently upgrade its GDP growth forecasts; to 12.4% in 2022 (up 1.1 percentage points from the previous December 2021 estimate) and 9.2% in 2023 (up 0.7 percentage points). These forecasts assume visitor ...

  6. The Role of Tourism in Fiji's Post-COVID-19 Economic Recovery

    Newspaper Articles. The Role of Tourism in Fiji's Post-COVID-19 Economic Recovery. Tourism plays an important role in the global economy. According to the World Travel & Tourism Council (WTTC), global travel and tourism contributed 10.3 percent to global Gross Domestic Product (GDP), or around US$8.9 trillion in 2019. The industry is ...

  7. Fiji Tourism Revenues

    Tourism Revenues in Fiji increased to 585.10 FJD Million in the second quarter of 2023 from 420.30 FJD Million in the first quarter of 2023. This page provides - Fiji Tourism Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

  8. PDF Pacific Tourism Sector Snapshot

    Tourism is the main driver of economic activity and direct foreign investment in Fiji. The sector generated around 40% of foreign exchange and an estimated 26% of gross domestic product (GDP) in 2019 (Pacific Tourism Organisation [SPTO] 2020). Prior to the coronavirus disease (COVID-19) pandemic, tourism employed over 118,000

  9. High contribution of the tourism sector to Fiji's economy and

    The global COVID-19 pandemic has severely affected Fiji, hitting at backbone economic sectors, such as international tourism and export fisheries. It has also brought to the fore the need to embark on a more sustainable model of development.

  10. International tourism, receipts (current US$)

    International tourism, receipts (current US$) - Fiji World Tourism Organization, Yearbook of Tourism Statistics, Compendium of Tourism Statistics and data files. License : CC BY-4.0

  11. 'It's catastrophic': Fiji's colossal tourism sector devastated by

    Tourism contributes nearly 40% to Fiji's gross domestic product - about FJ$2bn (AU$1.4bn) - and directly or indirectly employs over 150,000 people in various industries.

  12. Fiji Tourism Statistics 1995-2024

    U.S. Economic Charts. GDP by Country GDP Per Capita by Country Manufacturing by Country Debt to GDP Ratio by Country. ... Fiji tourism statistics for 2020 was 236,000,000.00, a 82.45% decline from 2019. Fiji tourism statistics for 2019 was 1,345,000,000.00, a 1.82% decline from 2018.

  13. Economy of Fiji

    The economy of Fiji is one of the most developed among the Pacific islands. Nevertheless, Fiji is a developing country endowed with forest, mineral and fish resources. The country has a large agriculture sector heavily based on subsistence agriculture. Sugar exports and the tourism industry are the main sources of foreign exchange.

  14. Home

    Tourism Earnings. $1,499.3. 2022[p] GDP per capita. ... Feb 21, 2024 | Visitor Arrivals Statistics. Fiji's annual Visitor Arrivals number reached a new high of 929,740 in 2023 and represents an increase of 46.1% compared to a year earlier. Also, this was 4.0% more visitors than the previous record of 894,389 which arrived in 2019. [wpfd ...

  15. Market Research

    The study indicates that the benefits of sports tourism extend beyond immediate economic gains, with 90% of surveyed visitors planning to attend games in 2024, and 95% willing to recommend the experience to others. The domestic impact is substantial, contributing FJD$11.5 million to new local incomes and creating 242 full-time equivalent jobs.

  16. Fiji

    Economy of Fiji. Fiji has a market economy based primarily on tourism and agriculture, the latter including a substantial subsistence sector dominated by indigenous Fijians. Subsistence farmers earn supplementary cash income from cultivating copra, cocoa, kava, taro (locally called dalo), pineapples, cassava (manioc), or bananas or from fishing.The commercial sector is heavily based on garment ...

  17. Fiji: Economy

    The Asian Development Bank (ADB) is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. It assists its members and partners by providing loans, technical assistance, grants, and equity investments to promote social and economic development.

  18. Economic impact of tourism on Fiji's economy: empirical evidence from

    Tourism is Fiji's largest industry, earning over F$500 million in foreign exchange and employing around 40,000 people. The tourism industry over the last decade has grown at an annual rate of 10-12%.

  19. Economic Impact of Tourism on Fiji's Economy: Empirical Evidence from

    Narayan P.K. (2002), 'A tourism demand model for Fiji: 1970-2000', Pacific Economic Bulletin, Vol 17, pp 103-116. Google Scholar Narayan P.K. (2003a), An Econometric Model of Tourism Demand and a Computable General Equilibrium Analysis of the Impact of Tourism: The Case of Fiji Islands , unpublished PhD dissertation, Department of ...

  20. Fiji

    Though Fiji contribution of travel and tourism to GDP (% of GDP) fluctuated substantially in recent years, it tended to increase through 2000 - 2019 period ending at 40 % in 2019. The share of Travel & Tourism spending or employment in the equivalent economy-wide concept in the published national income accounts or labour market statistics.

  21. A new phase: The future of Fiji's tourism industry is green

    GDP growth is estimated at 15.1 per cent in 2022 and to be 5.4 per cent in 2023. The Fiji Bureau of Statistics reported that Fiji's visitor arrivals for December 2022 surpassed pre-Covid levels with 75,580 visitors landing in Fiji or 102 per cent of 2019. Now, tourists are returning in good numbers, staying longer, and spending more per day ...

  22. Fiji Economy, Politics and GDP Growth Summary

    After an estimated rebound of 15.6% in 2022, Fiji's economy is set to grow by an average of 6.8% in 2023-24 as tourism recovers and domestic consumption remains strong. The government has introduced a hard budget, given looming debt issues, in an attempt to boost revenue without stunting growth. Nevertheless, an increase in value-added tax and ...

  23. Fiji GDP

    The Gross Domestic Product (GDP) in Fiji was worth 4.98 billion US dollars in 2022, according to official data from the World Bank. The GDP value of Fiji represents 0 percent of the world economy. GDP in Fiji averaged 1.94 USD Billion from 1960 until 2022, reaching an all time high of 5.58 USD Billion in 2018 and a record low of 0.11 USD ...