The Fijian economy is projected to grow by 3.2 percent in 2025, according to the Reserve Bank of Fiji’s September Economic Review, despite mixed performances across key sectors.
The central bank noted that while the economy is maintaining a positive growth trajectory, several industries are facing headwinds that could limit overall expansion.
“The economy remains on track to achieve a 3.2 percent growth this year,” the RBF stated, “although sectoral performances are mixed due to industry-specific issues.”
The updated forecast follows provisional GDP figures from the Fiji Bureau of Statistics, which showed the economy grew by 3.5 percent in 2024, following a strong 9.4 percent rebound in 2023.
Growth in 2024 was driven largely by the services, agriculture, and manufacturing sectors.
Tourism showed signs of recovery, with visitor arrivals increasing by 0.4 percent in the year to August, reaching 642,810. Arrivals from Australia and New Zealand also picked up in August compared to the same period last year.
However, other sectors painted a more challenging picture.
Cane and sugar production declined by 4.3 percent and 13.4 percent respectively, largely due to constrained supply and deteriorating cane quality.
In the mineral sector, gold ore production fell sharply by 24.8 percent, driven by reduced output from Vatukoula Gold Mines Limited, which shifted focus toward gold concentrate exports.
Mineral water production also dipped by 5.4 percent, due to lower external demand and maintenance disruptions at a key facility.
On the upside, timber production surged, with mahogany output more than doubling.
Electricity generation also rose marginally by 0.6 percent, reflecting increased demand from residential and industrial users.
