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Fiji Economy & Tourism Sector Outlook

Fiji Economy & Tourism Sector Outlook. PRESENTATION OUTLINE. Domestic Economy Outlook GDP Trading Partners Exchange Rate Inflation Current Account Foreign Reserves Outstanding Bank Lending and Deposits Sectoral Contribution to Growth Future Investment and Growth

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Fiji Economy & Tourism Sector Outlook

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  1. Fiji Economy & Tourism Sector Outlook

  2. PRESENTATION OUTLINE • Domestic Economy Outlook • GDP • Trading Partners • Exchange Rate • Inflation • Current Account • Foreign Reserves • Outstanding Bank Lending and Deposits • Sectoral Contribution to Growth • Future Investment and Growth • Ease of doing business • Impedance to Investment • Tourism Industry • Statistic’s on Visitor Arrivals, • Development plans & Projects in progress • Summary of recent investment expericen • Way Forward

  3. Domestic growth erratic over the yearsGDP outlook is looking more promising

  4. TRADING PARTNERS’ OUTLOOK • Source: IMF World Economic Outlook –April 2011 • Positive Outturn in Trading Partner Countries • - Despite Natural Disasters still Positives for Fiji in Trade, Tourism

  5. Inflation is a concern but expected to ease

  6. Trade & Current account deficits improved

  7. Foreign reserves comfortable

  8. But Private Sector activity is weak

  9. EASE OF DOING BUSINESS Total Number of Countries – 183 Source: Doing Business 2011, The World Bank

  10. EASE OF DOING BUSINESS IN FIJITop quartile for getting credit and protecting investors!

  11. IMPEDIMENTS TO INVESTMENT • Major Impediments found: in no particular order of priority • Government policy uncertainty • Red tape and bureaucracy • General economic climate • Finding skilled labour • Political situation • Law and order issues • Lack of infrastructure • High Utility costs (eg. water and electricity) • Land tenure instability

  12. FUTURE INVESTMENT AND GROWTH IN GROWTH IN TOURISM

  13. Bibliography • Fiji GDP 2010 (FIBOS)

  14. Questions?

  15. Fiji Economic Outlook

  16. Geography • Population • GDP • Key Figures- Economic, Financial, BOP, Social Welfare, Import/Export • Indicators- GNI/Capita, Purchasing Power parity, Gender Indication, MDG, Economic Freedom Index, Diff. Between GDP & GNI • Infrastructure- Transport, Power generation & distribution, water & sanitation, Telephone & ICT • Public Finance • Money & Credit • Labour Productivity & Cost • Income Distribution • Investment • Savings • Banking Performance • Foreign Trade Performance • Price & CPI/ Tax

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