The income generated during the production process is used by final users for purchased of goods and services in an economy. Hence GDP can also be calculated by Expenditure Approach i.e. by summing the Final Consumption Expenditure (FCE), Gross Capital Formation (GCF)...
All posts for National Accounts
FIJI’S GROSS DOMESTIC PRODUCT (GDP) 2023 – INCOME APPROACH
Income is generated for different institutional units in the economy during the production process. For instance, through the sale of materials for use as inputs by other establishments, receipts by owners for the use of their capital and the net tax receipts by...
FIJI’S GROSS DOMESTIC PRODUCT (GDP) 2023
In 2023, the Real Gross Domestic Product grew by 7.5 percent. Services sector led the 2023 economic recovery by contributing 7.4 percentage point to overall growth followed by 0.5 percentage point from net taxes and 0.4 percentage point from the primary sector while...
FIJI’S NOMINAL GROSS DOMESTIC PRODUCT (GDP) 2022 EXPENDITURE APPROACH
The income generated during the production process is used by final users for purchased of goods and services in an economy. Hence GDP can also be calculated by Expenditure Approach i.e. by summing the Final Consumption Expenditure (FCE), Gross Capital Formation (GCF)...
FIJI’S GROSS DOMESTIC PRODUCT (GDP) 2022
In 2022, the Real Gross Domestic Product grew significantly by 20.0 percent. Services sector led the 2022 economic recovery by contributing 11.2 percentage point to overall growth followed by 7.5 percentage point from Net Taxes, 0.9 percentage point from Industrial...
FIJI’S GROSS DOMESTIC PRODUCT – Income Approach 2020
Gross Operating Surplus/ Mixed Income contributes 53 percent to total GDP at current market prices. It declined by 11.4 percent ($0.7 billion) when compared to 2019.