| Fiji |
|
|
|
| Exchange Rate: 1 $
Local currency = x $US |
|
|
|
| Currency |
F$ |
| Calendar Year 1996 |
0.72 |
| Calendar Year 1997
(used in tables) |
0.70 |
| Q1 1998 |
0.52 |
| % Change 1996 - Q1
1998 |
-28% |
|
|
GENERAL |
|
Land
Area |
18,272
km2 |
EEZ |
1,290,000
km2 |
Labour
Force
Paid Employment |
260,000
(1997)
112,000(1997) |
GDP
|
FJ$1869million
(1997) |
GNP
per Capita |
US$2,470
(1996) |
Human
Development Index |
0.853
(1993) |
|
|
KEY
MACRO INDICATORS |
|
Indicator
Levels (FJ$miilion) |
|
GDP
(at current prices) |
3033(1997) |
Govt.
Revenues |
788(1997) |
Govt.
Expenditures |
873
(1997) |
Govt.
Budget Deficit (-) |
-95
(1997) |
Exports
(fob) |
769
(1997) |
Imports
(fob) |
1182
(1997) |
Current
Account Balance (after grants) |
22(1997) |
Gross
Reserves |
427
(1996) |
| Inflation (% p.a.) |
9.1(1998) |
| LABOUR FORCE
CONTEXT |
|
| Population (1,000s
latest census) 1 |
773 |
| Potential Labour
Force, age 15-59 |
441 |
|
|
| Unpaid/underemployed
labour force (%) 2 |
|
| male |
34 |
| female |
84 |
|
|
| Quality of Local
Labour Force3 |
|
| Adult literacy rate
(%) |
84 |
| Enrolment rate
secondary schools (%) |
57 |
|
|
| LABOUR FORCE
CONDITIONS |
|
| Legislated minimum
wage |
0.65-1.25 |
| Average Wage Rates
($per hour)4 |
|
| Managerial |
4.60 |
| Supervisory |
2.70 |
| Skilled |
2.50-3.70 |
| Semi Skilled |
2.50-2.60 |
| Unskilled |
0.65-1.25 |
|
|
| Normal number of
hours work per week |
44 |
| No. paid holidays per
year |
13 |
| Employer
Contributions (% wage bill) |
|
| Workers
Superannuation Fund |
|
| compulsory? |
Yes |
| rate (%) |
7 |
|
|
| Workers
Compensation Fund |
|
| compulsory? |
Yes |
| rate (%)5 |
n/a |
|
|
| Electricity |
|
| connection fee |
25 |
| tariff per kilowat
hour |
0.15 |
|
|
| Water & Sewage |
|
| water connection fee
(US$) |
Oct-50 |
|
|
| sewage connection fee |
n/a |
| sewage rate |
0.11/m3 |
|
|
| Telephone(US$) |
|
| installation fee ($) |
80 |
| line/equipment rental
rate ($) per year |
57 |
| rate per local call
($) |
0.08 |
| long distance rates
($) per minute |
|
| Japan (Tokyo) |
1.90 |
| USA (Los Angeles) |
1.90 |
| United Kingdom
(London) |
1.90 |
| Australia (Sydney) |
1.10 |
| New Zealand
(Auckland) |
1.10 |
| Singapore |
1.90 |
|
|
| Neighbouring Forum
Island countries |
|
| Tonga |
1.10 |
| Samoa |
1.20 |
| Fiji |
|
| Papua New Guinea |
1.10 |
| Vanuatu |
|
| Marshall Islands |
|
| Tuvalu |
|
| Kiribati |
|
| Federated States of
Micronesia |
|
| Solomon Islands |
|
| Cook Islands |
|
| Nauru |
|
| Palau |
2.40 |
| Total Cost 1 year of
service 1 |
2,093 |
|
|
| Internet/E-mail |
|
| connection fee |
77 |
| rental rate per year |
407 |
| no. free hours per
month included in rental |
10.00 |
| rate per additional
hour use |
5.04 |
|
|
| Total cost 1 year of
service2 |
484 |
|
|
| Sea Freight (cif)
per cubic metre 1 |
|
| Japan (Tokyo) |
50 |
| USA (Los Angeles) |
95 |
| United Kingdom
(London) |
75 |
| Australia (Sydney) |
28 |
| New Zealand
(Auckland) |
30 |
| Singapore |
|
|
|
| Neighbouring Forum
Island Countries |
|
| Tonga |
|
| Samoa |
|
| Fiji |
|
| Marshall Islands |
|
| Papua New Guinea |
|
| Cook Islands |
|
| Solomon Islands |
|
| Vanuatu |
|
| Palau |
|
| Kiribati |
|
| Federated States of
Micronesia |
|
|
|
| Air Freight (cif)
per kilogram |
|
| Japan (Tokyo) |
3.00-5.40 |
| USA (Los Angeles) |
1.80-5.60 |
| United Kingdom
(London) |
8.30-10.80 |
| Australia (Sydney) |
1.40-2.80 |
| New Zealand
(Auckland) |
1.20-2.10 |
| Singapore |
|
|
|
| Neighbouring Forum
Island Countries |
|
| Tonga |
|
| Samoa |
|
| Fiji |
|
| Marshall Islands |
|
| Papua New Guinea |
|
| Cook Islands |
|
| Solomon Islands |
|
| Vanuatu |
|
| Palau |
|
| Kiribati |
|
| Federated States of
Micronesia |
|
|
|
| Land |
|
| total area (sq
kilometers |
18,272 |
| Customary land |
|
| Proportion
customarily owned (%) |
83 |
| Max period for
commercial lease (yrs) |
99 |
| Average lease rate
per acre per annum |
|
| agricultural land ($) |
n/a |
| commercial land ($) |
n/a |
| Free hold land |
|
| average purchase
price per acre |
280,000 |
|
|
| Factory Space |
|
| average annual rental
price per sq ft |
4.90 |
|
|
| Commercial Banking |
|
| Commercial Banks,
excl Dev Banks (No) |
7 |
| Lending rate range (%
per annum) |
11.0-11.57 |
| Average lending rate
(% per annum) |
11.17 |
|
|
| Personal
Tax Rates (Brackets)1999 |
|
| No tax |
<5,000 |
| rate of 5% |
|
| rate of 6% |
|
| rate of 8% |
|
| rate of 10% |
|
| rate of 12% |
|
| rate of 15% |
5,000-7,000 |
| rate of 20% |
|
| rate of 25% |
7,000-15,000 |
| rate of 30% |
|
| rate of 35% |
>15,000 |
| rate of 37% |
|
| rate of 40% |
|
|
|
| Company
Tax Rate (%) |
|
| Resident Company |
|
| General |
35 |
| Mining |
35 |
| Petroleum |
|
|
|
| Non-Resident
Company |
|
| General |
45 |
| Mining |
45 |
| Petroleum |
|
|
|
| Other
Taxes & Fees |
|
| Business Gross
Receipt tax (%) |
|
| GST/Value added tax
(%) |
10 |
| Sales tax (%) |
- |
| Annual business
licence fees ($) |
n/a |
|
|
| IImport
Duty Rates (% range) |
|
| manufacturing inputs |
0 |
| general (excluding
cigarettes, liquor et) |
Oct-60 |
|
|
