Fiji Current Account to GDP

Fiji recorded a Current Account deficit of 5.90 percent of the country's Gross Domestic Product in 2018. Current Account to GDP in Fiji averaged -7.24 percent from 1999 until 2018, reaching an all time high of -1.40 percent in 2012 and a record low of -16.30 percent in 2006.

Current Account to GDP in Fiji is expected to be -4.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Fiji Current Account to GDP is projected to trend around -3.00 percent in 2020, according to our econometric models.

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Fiji Trade	Last	Previous	Highest	Lowest	Unit
Balance of Trade	-230602.00	-282884.00	-75681.00	-456400.00	FJD Thousand	[+]
Current Account	-459.90	-461.30	103.60	-461.30	FJD Million	[+]
Current Account to GDP	-5.90	-7.40	-1.40	-16.30	percent	[+]
Imports	378924.00	460988.00	624600.00	187941.00	FJD Thousand	[+]
Exports	148322.00	178104.00	313336.00	79.99	FJD Thousand	[+]
Tourism Revenues	648.90	480.30	648.90	272.40	FJD Million	[+]
Tourist Arrivals	88834.00	96376.00	675050.00	35484.00		[+]
Gold Reserves	0.03	0.03	0.03	0.02	Tonnes	[+]

The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Fiji Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Fiji Current Account to GDP - actual data, historical chart and calendar of releases - was last updated on October of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	-5.90	-7.40	-1.40	-16.30	1999 - 2018	percent	Yearly

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Country	Last		Previous	Range
Singapore	17.70	Dec/18	16	26.1 : -13.1	%
Netherlands	10.80	Dec/18	10.5	10.8 : -1	%
Switzerland	10.20	Dec/18	6.7	14.8 : -0.6	%
Saudi Arabia	9.20	Dec/18	1.5	28.5 : -21	%
Germany	7.30	Dec/18	8	8.5 : -1.8	%
Russia	7.00	Dec/18	2.1	18 : -1.4	%
South Korea	4.70	Dec/18	4.9	10.7 : -10.5	%
Japan	3.50	Dec/18	4	4.7 : -1	%
Euro Area	2.90	Dec/18	3.2	3.2 : -1.5	%
Italy	2.50	Dec/18	2.8	2.9 : -3.7	%
Spain	0.90	Dec/18	1.8	2.3 : -9.6	%
China	0.40	Dec/18	1.3	10.1 : -3.7	%
France	-0.30	Dec/18	-0.6	3.4 : -2.1	%
Brazil	-0.77	Dec/18	-0.35	1.8 : -8.2	%
Australia	-1.50	Dec/18	-3.4	2.3 : -7.3	%
Mexico	-1.80	May/19	-1.7	3.4 : -6.1	%
India	-2.30	Dec/18	-1.9	2.3 : -4.8	%
United States	-2.40	Dec/18	-2.3	0.2 : -6	%
Canada	-2.60	Dec/18	-2.8	2.7 : -4.2	%
Indonesia	-3.00	Dec/18	-1.6	4.8 : -6.8	%
Turkey	-3.50	Dec/18	-5.6	1.9 : -8.9	%
South Africa	-3.60	Dec/18	-2.5	6 : -7.5	%
United Kingdom	-3.90	Dec/18	-3.3	2.6 : -5.2	%
Argentina	-5.40	Dec/18	-4.9	8 : -5.4	%