GDP has increased to a record level $11B and unemployment rate at a 20 year low of 4.5% - AG

GDP has increased to a record level $11B and unemployment rate at a 20 year low of 4.5% - AG

By Vijay Narayan
Wednesday 11/07/2018
Attorney General Aiyaz Sayed-Khaiyum

Attorney General Aiyaz Sayed-Khaiyum says the Gross Domestic Product which is the total value of goods and services produced in Fiji, has increased to $11 billion compared to $0.2 billion in 1970.

While rejecting the continuous suggestions by the opposition parties and parliamentarians on the economy not doing well, Sayed-Khaiyum says the reality is that the Gross Domestic Product stands at a record level, more jobs have been created, and the unemployment rate is at a 20 year low at 4.5%.

Sayed-Khaiyum also says that SODELPA Leader Sitiveni Rabuka is misleading people with economic growth figures as the biggest contraction of the economy took place after the 1987 coups.



Latest Videos

Stay tuned for the latest news on our radio stations

CFL radio frequencies
IN DEPTH
Proposed Tian Lun project at Nasese
Concerned residents are wondering why there was no publicity about such a huge project that will affect the environment along Queen Elizabeth ...
1 day ago

Stray dog situation in Fiji
The shortage of practicing veterinarians in Fiji and the high cost of de-sexing by animal welfare organizations are some of the factors that is ...
1 day ago

All Blacks 7s claim both Sydney 7s men’s and women’s titles
Serious questions are being asked after yet another dismal performance by the Fiji Airways men’s 7s team in the HSBC World 7s Series.
7 days ago
FEATURE NEWS
FijiFirst MP Bulitavu currently being questioned at Totogo Police Station
FijiFirst MP Mosese Bulitavu is currently being questioned at Totogo Police Station in relation to a social media post regarding alleged misinformatio...
5 hours ago
LATEST NEWS
Turkey-Syria earthquake: Death toll rises to over 12,000
More than 12,000 people have been killed and tens of thousands injured after a magnitude 7.8 earthquake struck Turkey and Syria on Monday, according ...
2 hours ago

BSP Life processed 95,000 payouts last year in Fiji
BSP Life has processed 95,000 payouts in Fiji last year, helping many families navigate the financial challenges posed by the aftermath of the ...
3 hours ago

3 arrested in Raiwaqa for allegedly importing methamphetamine
Three people have been arrested in Raiwaqa, Suva on Tuesday for allegedly importing methamphetamine. Police say a jointly controlled operation ...
6 hours ago

Prof. Prasad meets with Indian External Affairs Minister Dr. S Jaishankar
The Deputy Prime Minister and Minister for Finance, Professor Biman Prasad has met with the Indian External Affairs Minister Dr. S Jaishankar in ...
8 hours ago

Landowner's concerns are a priority to be addressed and they are not forgotten - Ravu
Landowners are not forgotten and their concerns are a priority that needed to be addressed. This has been highlighted by the Minister for ...
8 hours ago

TOP