INTERNATIONAL INVESTMENT POSITION - Annual 2015

FBoS Release No: 22, 2016

6th May 2016


International Investment Position
Annual 2015

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

Provisional data shows that Fiji’s Net International Investment Position (IIP) as at 31st December 2015 was -$7,490.1 million. The amount reflects a much higher value of foreign investment in Fiji compared to Fiji’s investments abroad. The figure stood at -$6,798.8 million a year earlier.

iipDec15a

Fiji’s international liability was valued at $11,070.0 million as at 31st December 2015. The breakdown by liability type are as follows:

i) Direct Investment: $8,099.9 million (73.2%);
ii) Portfolio Investment: $222.8 million (2.0%) and
iii) Other Investment: $2,747.3 million (24.8%).

The breakdowns for other investment by instruments are as follows:

  • Loans ($1,526.0 million);
  • Currency and deposits ($665.5 million);
  • Other accounts payable ($354.6 million);
  • Special drawing rights ($197.9 million) and
  • Other equity ($3.3 million).

 

 

 

iipDec15b

Fiji’s international asset was valued at $3,579.9 million as at 31st December 2015. The breakdown by asset type are as follows:

i) Direct Investment: $238.6 million (6.7%);
ii) Portfolio Investment: $166.7 million (4.6%) and
iii) Other Investment: $1,312.3 million (36.7%);

The breakdowns for other investment by instruments are as follows:

  • Currency and deposits ($1,003.4 million);
  • Other accounts receivable ($233.0 million);
  • Loans ($75.1 million) and
  • Other equity ($0.8 million).

iv) Reserve Assets: $1,862.3 million (52.0%).

 

 

 

 

Net Foreign Debt (NFD)

NFD is the amount derived through the following calculation – Foreign Debt Assets less Foreign Debt Liabilities.

Table 1: Breakdown of Debt

iipDec15c

As at 31st December 2015, Fiji’s net foreign debt was -$22.5 million. The figure stood at -$109.3 million a year earlier. The change reflects an increase in net foreign debt influenced by an increase in Currency and deposits. Some relevant details are presented in Table 1.

 

 

 

 

Net Foreign Equity (NFE)

NFE reflects the total value of Fijian assets in foreign ownership (Fijian shares in companies abroad) less the total value of overseas assets owned by Fijians (foreigners investing in Fijian companies).

Table 2: Breakdown of Equity

iipDec15d

As at 31st December 2015, Fiji’s net foreign equity (shares) was -$7,469.5 million. The figure stood at -$6,691.5 million a year earlier. The change reflects an increase in net foreign equity influenced by increase in liabilities (foreign investment in Fiji). Some relevant details are presented in Table 2.

 

 

 

 

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.

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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 the March Quarter 2016 will be released as soon as the disaggregated data becomes available.