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The effects of the Asian financial crisis led to a sharp drop in the number of Asian tourists visiting Fiji in 1997 and 1998, which contributed to a substantial drop in gross domestic product. Positive growth returned in 1999, however, aided by a 20% devaluation of the Fijian dollar . 2005 was a record year for the tourism sector, with 9% ...
The 51st Pacific Islands Forum was a meeting of the heads of state and heads of government of the Pacific Islands Forum (PIF), which was held in Suva, Fiji from 11 to 14 July 2022. [2] The meeting was chaired by the Prime Minister of Fiji, Frank Banimarama. [3] The meeting led up to the launch of the 2050 Strategy for the Blue Pacific Continent ...
As an island nation, Fiji has had a heavy reliance on fish for much of its history, both as a staple food and as an economic product. While fisheries only contributed 1.7% of total gross GDP between 2000 and 2008, it represented 12% of Fiji's exports in 2008, equivalent to US$63 million. [ 38 ]
In March 2021, Fiji became the first Pacific island country to receive COVID-19 vaccines through the COVAX initiative with frontline workers and first responders the first to be vaccinated. As of 2 January 2022, more than 600,000 (98%) Fijians have received their first jab of the vaccine and almost 560,000 (92%) Fijians have received their ...
The ILO estimates global unemployment to rise between 5.3 million ("low" scenario) and 24.7 million ("high" scenario) from a base level of 188 million in 2019 as a result of COVID-19's impact on global GDP growth. By comparison, global unemployment went up by 22 million during the Great Recession. Women informal workers, migrants, youth and the ...
Fiji will strike a deal with Australia to upgrade ports and shipbuilding infrastructure, months after its prime minister said it was likely to partner with China on the project, the government of ...
The unemployment rate remained relatively stable through early 2020, but by the end of the year, it increased from 4.4% in February 2020 to 5.1% in December 2020, reflecting the economic challenges posed by the crisis. [373] The unemployment rate remained around 5% throughout much of 2021 before gradually decreasing to 4.4% by the end of 2021.
29 March: Prime Minister of Fiji Sitiveni Rabuka announces that the Media Industry Development Authority will repeal a controversial 2010 law which strictly controlled media in the country. [2] 14 June: Fiji and New Zealand sign a defence pact in Suva, including military cooperation and humanitarian aid. [3] Scheduled. 2023 Super Rugby Pacific ...