FIJI

Country risk rating

D4

HIGH RISK for entreprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

The country risk assessments are your North Star metrics to make the right decision for your business and understand the risks in international trade. We have always the best solution for your needs

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GDP USD5.5bn (World ranking 154, World Bank 2018)
Population 0.88mn (World ranking 160, World Bank 2018)
Form of state Parliamentary republic
Head of government Frank BAINIMARAMA (Prime Minister)
Next elections 2022, legislative
  • Important business hub in Oceania
  • Competitive tax environment
  • Government is open to foreign investment
  • Relatively low level of external debt to GDP (around 25%)
  • High vulnerability to natural disasters, in particular the crucial agricultural and tourism sectors
  • Fiscal consolidation is needed after fiscal buffers and pension savings were used to mitigate the impact of Cyclone Winston (which hit Fiji in 2016)
  • Relationship between Fiji’s indigenous and Indo-Fijian populations
  • High dependence on imports due to a limited domestic production capacity. This results in huge annual trade deficits
  • Dependence on tourism revenues
  • Business environment weaknesses, including regulatory quality and legal framework

Contact

Contact Euler Hermes

Economic Research Team

research@eulerhermes.com

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