Remittances into the country has hot about half a billion in the first four months of 2025, the Reserve Bank of Fiji has announced.
The RBF states in its May Economic Review, inward remittances totalled $448.5 million in the year to April, with a majority of funds received via the mobile money channel.
“On the other hand, outward remittances totalled $174.2 million, growing by 13.3 percent mainly from outflows by emigrants and non-residents to meet commitments in their home country,” said RBF.
RBF added Fiji’s trade deficit continues to be partly funded by inward remittances and tourism earnings.
“Fiji’s merchandise trade deficit widened by 4.5 percent year-on-year to $693.0 million cumulative to February 2025, driven by an increase of $114.1 million in imports to $1,135.9 million.”
This surpassed the growth in exports of $84.3 million, to $442.9 million in the same period.
“The growth in imports was mostly led by higher imports for road vehicles and mineral fuels, boosted by higher volumes amid falling global oil prices.’
“In addition, growth in exports was mainly driven by higher contributions from re-exports of mineral fuel, mineral water and kava.”
