Tourism industry is fueling Fijian economy

The Fijian economy has continued to post upbeat outcomes largely driven by the positive performance of the tourism industry.

Reserve Bank of Fiji has stated this in its December Economic Outlook.

RBF adds a total of 899,098 visitor arrivals were noted in the year to November, marking a 6.2 percent increase compared to the same period in 2023, with major markets such as Australia, New Zealand, and the US accounting for the largest share of the increase.

“Sectoral data have generally exhibited positive results in the review period,” said RBF.

“Electricity generation rose (11.1%) in the year to November, with 54.0 percent of the energy produced from renewable sources.”

“’Similarly, gold production grew (38.0%), mainly attributed to enhanced output from the Tuvatu Gold mine.”

“’The timber industry also performed well with outcomes in woodchips (10.3%) and sawn timber (15.8%) production increasing, although mahogany production remained subdued (- 13.0%).”

“Mineral water production has continued to be lower than a year ago (-8.2%) owing to plant upgrade works by the largest industry manufacturer.”