Fiji is considered a developing country. A nation's level of development is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality and quality of life. As a developing country, Fiji may not be able to provide consistent social services to its citizens. These social services can include things like public education, reliable health care, and law enforcement. Citizens of developing countries may have a lower life expectancy than citizens of developed countries. Each year Fiji exports about US$1.03 billion and imports about US$2.05 billion. 6.3% of the country's population is unemployed. The total number of unemployed in Fiji is 57,471. In Fiji, 31% of the population lives below the poverty line. The proportion of citizens living below the poverty line in Fiji is relatively high, but does not give rise to total concern in terms of investment. Potential lenders should look at other economic indicators, including GDP, urbanization rate and currency strength, before making investment decisions. Government spending on education is 5.9% of GDP. The country's Gini index is 42.8. There is a lack of equality in Fiji. The gap between the richest and poorest citizens in this country is palpable. Fiji has a Human Development Index (HDI) of 0.724. Fiji has an upper middle HDI value. This indicates that the majority of citizens will be able to lead a worthwhile life, although some citizens will not be able to attain a high standard of living. The strength of the Legal Rights Index for Fiji is 5. Overall, it is considered to be rather weak – bankruptcy and collateral laws can protect the rights of borrowers and lenders to some extent; Credit information may be sufficient but scarcely available or, conversely, available but not sufficient.

Currency
The currency of Fiji is Fijian dollar. The plural form of the word Fijian dollar is dollars. The symbol used for this currency is $, and it is abbreviated as FJD. The Fijian dollar is divided into Cent; there are 100 in one dollar.

Credit rating
The depth of credit information index for Fiji is 5, which means that information is usually sufficient and quite accessible, although occasionally some necessary details may be lacking. According to the S&P credit-rating agency, Fiji has a credit rating score of B, and the prospects of this rating are stable. According to the Moody's credit-rating agency, Fiji has a credit rating score of B1, and the prospects of this rating are negative.

Central bank
In Fiji, the institution that manages the state's currency, money supply, and interest rates is called Reserve Bank of Fiji. The average deposit interest rate offered by local banks in Fiji is 1.9%.

Public debt
Fiji has a government debt of 23.2% of the country's Gross Domestic Product (GDP), as assessed in 2012.

Tax information
The corporate tax in Fiji is set at 20%. Personal income tax ranges from 0% to 20%, depending on your specific situation and income level. VAT in Fiji is 15%.

https://www.confiduss.com/en/jurisdictions/fiji/economy/