National Accounts: Gross Domestic Product for Fiji
FJINGDPDUSD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,776,125,580.50
Year-over-Year Change
57.90%
Date Range
1/1/2016 - 1/1/2024
Summary
The Gross Domestic Product (GDP) for Fiji measures the total value of all goods and services produced within the country. It is a key indicator of economic performance and used by policymakers to guide fiscal and monetary policies.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
GDP is the broadest measure of a country's economic activity, representing the market value of all final goods and services produced. It is a widely used metric to assess the health and growth of a national economy over time.
Methodology
The Fiji GDP data is collected and calculated by the Fiji Bureau of Statistics based on surveys and estimates of domestic production.
Historical Context
Fiji's GDP trend is closely monitored by the government, central bank, and international institutions to understand the country's economic conditions and inform policy decisions.
Key Facts
- Fiji's GDP was $5.4 billion in 2021.
- The GDP per capita in Fiji was $6,081 in 2021.
- Tourism is a major contributor to Fiji's GDP, accounting for over 30% of economic activity.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product (GDP) for Fiji measures the total value of all goods and services produced within the country over a given period.
Q: Why is this trend relevant for users or analysts?
A: GDP is a crucial indicator of a country's economic performance and growth, used by policymakers, businesses, and analysts to assess the health of the Fijian economy.
Q: How is this data collected or calculated?
A: The Fiji GDP data is collected and calculated by the Fiji Bureau of Statistics based on surveys and estimates of domestic production.
Q: How is this trend used in economic policy?
A: Fiji's GDP trend is closely monitored by the government, central bank, and international institutions to understand the country's economic conditions and inform fiscal, monetary, and development policies.
Q: Are there update delays or limitations?
A: The Fiji GDP data is published with a lag, and there may be revisions to earlier estimates as more complete information becomes available.
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Citation
U.S. Federal Reserve, National Accounts: Gross Domestic Product for Fiji (FJINGDPDUSD), retrieved from FRED.