Fiji has made a record breaking visitor arrivals figure for 2023 as we welcomed a record 929,740 visitors.
The Ministry of Tourism says this is up by 46.1 percent compared to the same period in 2022 (636,312 visitors) and a growth of 4 percent compared to the pre-pandemic arrivals in 2019 (894,389 visitors).
Markets such as Australia, New Zealand, United States and Canada have exceeded past years.
According to the Reserve Bank of Fiji, consumption activity is being upheld by increased tourism activity, rising incomes and higher remittance inflows.
Partial indicators for investment (banks’ new lending for investment, value of work put-in-place, number of building permits issued) have shown signs of recovery, but at a gradual pace.
The RBF says economic activity has been healthy despite persistent headwinds.
Fiji’s foreign reserves are adequate at $3.4 billion as at the end of December, sufficient to cover 5.7 months of retained imports of goods and services.
