International Investment Position

FBoS Release No: 93, 2015
31st December 2015


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

Provisional data shows that Fiji’s Net International Investment Position (IIP) as at 30th September 2015 was -$7,416.0 million. The amount reflects a much higher value of foreign investment in Fiji compared to Fiji’s investments abroad. The figure stood at -$6,485.9 million a year earlier.

iipSep15a

Fiji’s international liability was valued at $10,997.2 million as at 30th September 2015. The breakdowns by liability type are as follows:

i) Direct Investment: $7,965.1 million (72.4%);
ii) Portfolio Investment: $383.2 million (3.5%) and
iii) Other Investment: $2,648.9 million (24.1%).

The breakdowns for other investment by instruments are as follows:

  • Loans ($1,543.4 million);
  • Currency and deposits ($600.4 million);
  • Other accounts payable ($296.4 million);
  • Special drawing rights ($205.4 million) and
  • Other equity ($3.3 million).

 

 

iipSep15b

Fiji’s international asset was valued at $3,581.2 million as at 30th September 2015. The breakdowns by asset type are as follows:

i) Direct Investment: $239.3 million (6.7%);
ii) Portfolio Investment: $185.0 million (5.2%) and
iii) Other Investment: $1,207.1 million (33.7%);

The breakdowns for other investment by instruments are as follows:

  • Currency and deposits ($894.2 million);
  • Other accounts receivable ($242.2 million);
  • Loans ($69.9 million) and
  • Other equity ($0.8 million).

iv) Reserve Assets: $1,949.8 million (54.4%)

 

 

 

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

iipSep15c

As at 30th September 2015, Fiji’s net foreign debt was -$98.5 million. The figure stood at -$21.8 million a year earlier. The change reflects an increase in net foreign debt influenced by an increase in Loans. Some relevant details are presented in Table 1.

 

 

 

 

Net Foreign Equity (NFE)

NFE reflects the total value of Fijian assets in foreign ownership less the total value of overseas assets owned by Fijians.

Table 2: Breakdown of Equity

iipSep15d

As at 30th September 2015, Fiji’s net foreign equity (shares) was -$7,319.6 million. The figure stood at -$6,466.1 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 December Quarter 2015 will be released as soon as the disaggregated data becomes available.