International Investment Position

FBoS Release No: 92, 2016

30th December 2016


Fiji’s International Investment Position (IIP) statement provides a snapshot of the country’s international financial assets and liabilities. It measures the stock (or level) of Fiji’s financial assets and liabilities with the rest of the world at a particular point in time. Administrative and survey data have been used to compile the International Investment Position in accordance with the 6th edition of the International Monetary Fund’s Balance of Payments Manual.

All values in this release are in Fiji Dollars (FJD).

Key Facts

iipSep16a

  • Fiji’s Net International Investment Position was -$7,905.8 million as at 30th September 2016.
  • The Net International Investment Position rose by $323.1 million when compared to the June Quarter of 2016.
  • The figure stood at -$7,417.9 million a year earlier.
  • The amount reflects a much higher value of foreign investment in Fiji compared to Fiji’s investments abroad.

 

 

 

 

 

FIJI’S INTERNATIONAL LIABILITIES

Records the liabilities of Fiji residents to non-residents.

iipSep16bFiji’s international liability was valued at $11,119.2 million as at 30th September 2016. The breakdowns by liability type are as follows:

i) Direct Investment: $8,509.8 million (76.5%);
ii) Portfolio Investment: $185.3 million (1.7%); and
iii) Other Investment: $2,424.1 million (21.8%). The breakdowns for other investment by instruments are as follows:

  • Loans ($1,504.8 million);
  • Currency and deposits ($396.7 million);
  • Other accounts payable ($326.7 million);
  • Special drawing rights ($192.5 million); and
  • Other equity ($3.4 million).

 

 

 


FIJI’S INTERNATIONAL ASSETS

Records the financial assets of residents of Fiji that are claims on non-residents and monetary gold bullion held as reserve assets.

iipSep16cFiji’s international asset was valued at $3,213.4 million as at 30th September 2016. The breakdowns by asset type are as follows:

i) Direct Investment: $202.8 million (6.3%);
ii) Portfolio Investment: $202.9 million (6.3%);
iii) Other Investment: $984.8 million (30.7%). The breakdowns for other investment by instruments are as follows:

  • Currency and deposits ($763.9 million);
  • Other accounts receivable ($154.0 million);
  • Loans ($66.1 million); and
  • Other equity ($0.8 million).

iv) Reserve Assets: $1,822.9 million (56.7%).

 

 

NET FOREIGN DEBT (NFD)

Net foreign debt is the amount of Fiji’s overseas lending (assets) less its overseas borrowing (liabilities). Lending and borrowing include debt instruments* only and exclude equity (shares).

iipSep16d

  • Assets were valued at $2,969.3 million as at 30th September 2016.
  • Liabilities were valued at $3,057.0 million as at 30th September 2016.
  • Net Debt was valued at -$87.7 million as at 30th September 2016.
  • The figure stood at -$98.6 million a year earlier.
  • The change in net foreign debt reflects a decrease in Currency and Deposits.

Assets and Liabilities contain the following debt instruments; currency and deposits, other accounts receivable/payable, debt securities, special drawing rights and loans. Refer to table 2 for details.

 

 

 

NET FOREIGN EQUITY (NFE)

Net Foreign Equity reflects the value of Fiji’s resident investment abroad less the non-resident investment in Fiji. It includes equity, investment fund shares and other equity. Refer to table 2 for details.

iipSep16e

  • Assets were valued at $241.8 million as at 30th September 2016.
  • Liabilities were valued at $8,062.2 million as at 30th September 2016.
  • Net Equity was valued at -$7,820.4 million as at 30th September 2016.
  • The figure stood at -$7,321.5 million a year earlier.
  • The change in net foreign equity reflects an increase in liabilities (foreign investment in Fiji).

 

 

 

 

CLICK HERE FOR RELATED TABLES

For further enquiries please contact Mr. Viliame Raduva on email or telephone 331 5822 (ext. 386 246) or direct line 323 0846.

The International Investment Position for Annual 2016 will be released as soon as the disaggregated data becomes available.