National Accounts: Real Gross Domestic Product for Fiji
FJINGDPRPCPPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.14
Year-over-Year Change
-41.29%
Date Range
1/1/1990 - 1/1/2029
Summary
This economic trend measures the real gross domestic product (GDP) for Fiji, which is a key indicator of the country's economic performance and growth.
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
Real GDP for Fiji represents the total value of all goods and services produced within the country, adjusted for inflation. This metric is widely used by economists and policymakers to assess the overall health and trajectory of Fiji's economy.
Methodology
The data is collected and calculated by Fiji's Bureau of Statistics using established national accounting principles.
Historical Context
Real GDP is a critical input for fiscal and monetary policy decisions in Fiji and other countries.
Key Facts
- Fiji's real GDP was $5.7 billion in 2021.
- Real GDP growth in Fiji averaged 3.4% per year from 2010-2019.
- Tourism is a major driver of Fiji's economy, accounting for over 40% of GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) for Fiji, which is the total value of all goods and services produced in the country, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: Real GDP is a key indicator of Fiji's economic performance and growth, and is widely used by economists and policymakers to assess the overall health and trajectory of the country's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Fiji's Bureau of Statistics using established national accounting principles.
Q: How is this trend used in economic policy?
A: Real GDP is a critical input for fiscal and monetary policy decisions in Fiji and other countries, as it provides insights into the overall strength and direction of the economy.
Q: Are there update delays or limitations?
A: There may be some delay in the availability of the latest real GDP data for Fiji, as national accounting data can take time to compile and publish.
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Citation
U.S. Federal Reserve, National Accounts: Real Gross Domestic Product for Fiji (FJINGDPRPCPPPT), retrieved from FRED.