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Tourism revenue yields services surplus, however, which keeps the current account of its balance of payments roughly in balance ($13 million in 1998). Australia accounts for between 35% and 45% of Fiji's trade, with New Zealand, the United States, the United Kingdom, and Japan varying year-by-year between 5% and 15% each.
In 2024, federal income tax rates remain at 10%, 12%, 22%, 24%, 32%, 35%, and 37%. While these rates stay the same for 2025, the income thresholds for each bracket will adjust for inflation.
The local Fiji textiles, clothing and footwear (TCF) industry has grown over the last 10 years and is now one of the major industries in Fiji. In 1997 the TCF industry accounted for 26% of Fiji’s total domestic exports; it contributed to some 3.5% of GDP and provided employment for about 18,000 people that account for 16% of those in total paid employment.
(USD from 2019 IMF exchange rate) Head of state salary divided by 2020 GDP per capita ... Fiji: 62,784 USD ... New Zealand: 260,245 USD ...
The economy of Niue is heavily dependent upon aid from New Zealand. Government expenditures regularly exceed revenues, and grants from New Zealand make up the shortfall and are used to pay wages to public employees. Niue has cut government expenditures by reducing the public service by almost half.
We ended the year with solid results with full year 2024 revenue of $1.88 billion, representing 11% organic growth compared to 2023. Full year recurring and other revenue was $1.76 billion, also ...
5 December – The Parliament of Fiji passes a bill establishing the Fiji Truth and Reconciliation Commission to investigate coups and other instances of political violence in the country. [ 10 ] 14 December – Seven tourists staying at the same resort in the Coral Coast are hospitalised for suspected alcohol poisoning .
Fiji is an island country consisting of more than 300 islands located in Oceania. Although the economy of Fiji serves as one of the main economic centers of the South Pacific islands, [1] it is mostly made up of agriculture and tourism. [2] The latter contributes to more than 40 percent of the nation's GDP. [3]