BLOG SURF: Key to success
The Fijian economy has registered six consecutive years of GDP expansion in 2016, making this the strongest period of sustained growth in recent decades.
The government’s strong social, economic and political reform program, and continuing macroeconomic stability have contributed to this success and provided the foundation for future growth.
Still, while Fiji is clearly rising to the challenges of the 21st century, the country can’t rest on its laurels. Much remains to be done to maintain the momentum and deliver long-term sustainable growth and economic stability.
Fiji’s growth historically has been volatile in part due to the country’s vulnerability to external shocks, including in recent years the global economic crisis and a series of natural disasters.
Indeed, Tropical Cyclone Winston in February 2016 was a stark reminder of how costly natural hazards can be for small countries like Fiji, with damage.