Source: world bank Nominal/PPP
Summary:
Fiji GDP Per Capita expanded from 1960 to 2024, increasing from $0.11 to $5.97 .The compound annual growth rate (CAGR) averaged 6.44% over the period. The economy recorded its peak level in 2024 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 25.45%, indicating the largest cyclical decline from peak levels. The country experienced 8 recession episode(s) during the observed period.
Fiji Economic Phases (1960 - 2024)
From 1960 to 2024, Fiji economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1962–1965) indicating robust economic expansion
- High Growth (1969–1975) indicating robust economic expansion
- Expansion (1976–1977) indicating steady moderate growth
- High Growth (1978–1980) indicating robust economic expansion
- Contraction (1982–1983) indicating temporary slowdown
- Contraction (1987–1988) indicating temporary slowdown
- High Growth (1989–1990) indicating robust economic expansion
- High Growth (1992–1996) indicating robust economic expansion
- High Growth (2002–2005) indicating robust economic expansion
- High Growth (2010–2014) indicating robust economic expansion
- High Growth (2016–2017) indicating robust economic expansion
- High Growth (2022–2024) indicating robust economic expansion
The most remarkable growth occurred in 1973 with an increase of 34.515%, while the largest decline was in 1998 at -20.91%.