Balance of Payments: Total Net Current Account for Fiji
FJIBCAGDPBP6PT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-7.56
Year-over-Year Change
13.73%
Date Range
1/1/1990 - 1/1/2029
Summary
The Balance of Payments: Total Net Current Account for Fiji measures Fiji's overall balance of trade, investment income, and unilateral transfers with the rest of the world. It provides a comprehensive view of Fiji's economic and financial transactions with other countries.
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
The total net current account tracks Fiji's international trade in goods and services, income flows like investment returns, and unilateral transfers. It is a key indicator of Fiji's economic health and international competitiveness, used by policymakers and analysts to assess the nation's external position.
Methodology
The data is collected and calculated by Fiji's central bank based on international statistical standards.
Historical Context
The current account balance is closely monitored by Fiji's government and international institutions like the IMF to inform economic and trade policies.
Key Facts
- Fiji's current account has run a deficit since the 1980s.
- The current account deficit was equivalent to around 3% of GDP in 2021.
- Tourism and remittances are major components of Fiji's current account.
FAQs
Q: What does this economic trend measure?
A: The Balance of Payments: Total Net Current Account for Fiji measures the overall balance of Fiji's international trade in goods and services, income flows like investment returns, and unilateral transfers with the rest of the world.
Q: Why is this trend relevant for users or analysts?
A: The current account balance is a key indicator of Fiji's economic health and international competitiveness, used by policymakers and analysts to assess the nation's external position and inform economic and trade policies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Fiji's central bank based on international statistical standards.
Q: How is this trend used in economic policy?
A: Fiji's current account balance is closely monitored by the government and international institutions like the IMF to inform economic and trade policies.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically several months after the end of the reporting period.
Related Trends
Bank's Return on Equity for Fiji
DDEI06FJA156NWDB
Value of Exports to Fiji from Oklahoma
OKFJIA052SCEN
Use of Financial Services: Number of Loan Accounts for Households at Other Deposit Takers for Fiji
FJIFCNODDHNUM
Use of Financial Services, Assets: Outstanding Loans to Small and Medium Enterprises at Commercial Banks for Fiji
FJIFCSODCSXDC
Geographical Outreach: Number of Commercial Banks for Fiji
FJIFCIODCNUM
Internet users for Fiji
ITNETUSERP2FJI
Citation
U.S. Federal Reserve, Balance of Payments: Total Net Current Account for Fiji (FJIBCAGDPBP6PT), retrieved from FRED.