As a percent of GDP, Fiji’s current account deficit is just over 20 percent. This is relatively large for an economy of our size. One of the main reasons for this persistent and large current account deficit has been the lack lustre performance of our major exports. Exports have been relatively flat over the last four to five years at around $ billion.
On the other hand imports have been growing steadily. Fuel and food make up the bulk of our total imports. In 2008, Fiji’s total domestic fuel bill was $ million while food imports accounted for $ million. In total fuel and food make up 51 percent of our total domestic imports.