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Fiji: Growth in the tourism sector

Fiji: Growth in the tourism sector

Fiji’s tourism industry is the most significant contributor of foreign revenue, therefore, an essential unit of its economy. The tourism sector is growing steadily with annual visitor records indicating a 6.4 percent growth in 2017. A total of 842884 visitors came into Fiji in 2017 compared to 792320 visitors in 2016. The government of Fiji […]

Continued increase in total visitors coming into Fiji

Continued increase in total visitors coming into Fiji

Reports from Fiji Bureau of Statistics (FBOS) show that Fiji has been experiencing a steady consecutive increase in visitors since 2012. The annual provisional tourist’s arrivals were recorded at 630, 700 in 2017 which was an increase from 2016 whereby a total of 600,887 visitors were recorded. A 6.4 percent increase in the annual visitor […]

Slow growth in property market

Slow growth in property market

According to Barfoot and Thompson reports, the housing market in Auckland is growing though at slow rates. Data shows that there has been a slow but steady increase in the housing industry. The median price was recorded at $830,000 in November rising to $ 870,000,000 in December last year, a 4.8 percent growth. In comparison, […]

Fiji Government budget 2017/2018

Fiji Government budget 2017/2018

In June 2017, the Government’s budget was at $4.3 billion as stated by Minister for Economy and Attorney- General Aiyaz Sayed – Khaiyum. This means the country has to borrow funds totaling $499 million as deficit cover. Adding to repayment debts by the government at $217 million, the deficit in 2017/2018 stands at $716.8. $532 […]