Saturday, April 09, 2011

2006 Coup Impact on Fiji's Economic Growth - Miserable!


Bainimarama - The man responsible for Fiji's miserable Economic Growth.


Year             GDP                Rank                 % Change       Date of Information 
2003            4.10 %              61                                                    2002 est. 
2004            4.80 %              63                     17.07 %                2003 est. 
2005            3.60 %             118                     -25.00 %              2004 est. 
2006            1.70 %             184                     -52.78 %              2005 est. 
After 05 December 2006 Coup!
2007           3.10 %              156                      82.35 %                 2006 est. 
2008          -4.40 %              213                   -241.94 %                 2007 est. 
2009            .20 %               195                   -104.55 %                 2008 est. 
2010         -2.50 %               157                -1,350.00 %                 2009 est. 
2011          1.80 %               154                   -172.00 %                 2010 est
.


2 comments:

Anonymous said...

Not sure where you got your growth figures for 2007.

Biman Prasad had done an analysis in 2008 that had pegged it at -6.8%. The World Bank and RBF posted similar figures.

A couple of years later, the world bank revised their figures based on a different weighting for the Communications and Agricultural sectors. Their assessment of Fiji's growth then "rose" to some -1.8%.

Either case it was still negative, so not sure who could have pegged Fiji's 2007 growth at +3.1% when both the World Bank and the RBF had it at significantly negative levels.

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