Balance of Payments Statistics Quarter 1 2011

Press Release No: 61

Date: 26 September 2011

Provisional data on Fiji’s balance of payments for Quarter 1 2011 show:

  • Current and capital account net borrowing of $F153.0 million;
  • Financial account net borrowing of $F103.9 million.
Current Account
The balance on current account for quarter 1, 2011 recorded a net outflow of $F171.9 million when compared with the quarter 1, 2010 net outflow of $F243.8 million. This was the net effect of the following:

  • Net goods deficit improved by $F52.0 million due to a decline in total imports.
  • Net services surplus increased by $F42.6 million due to travel credits.
  • Net primary income deficit increased by $F44.5 million due to a significant increase in the primary income debits.
  • Net secondary income surplus increased by $F21.8 million due to an increase in secondary income credits.
Capital Account

The balance on capital account for the quarter 1, 2011 recorded a net inflow of $F18.9 million compared to quarter 1, 2010 net inflow of $F17.9 million.

Financial Account
The balance on financial account for the quarter 1, 2011 recorded a net borrowing of $F103.9 million which had a net outflow of $F92.7 million of equity and a net outflow of $F11.2 million debts

Direct investment recorded a net outflow of $F92.8 million where:

  • Direct investment assets recorded an outflow of $F1.2 million
  • Direct investment liabilities recorded an inflow of $F91.6 million
Portfolio investment recorded a net inflow of $F456.2 million where:
  • Portfolio investment assets recorded no transaction
  • Portfolio investment liabilities recorded an inflow of $F456.2 million. The major component is International Government Bonds being issued in March 2011.
Financial Derivatives (other than Reserves) and Employee Stock Options - no transaction

The $F452.7 million inflow of Net other investment was due to the inflow of $F445.8 million currency and deposits, other accounts receivable of $F32.2 million, and trade credit and advances of $F10.3 million. This was offset by outflow of loans of $F35.6 million.

Reserve assets showed an outflow of $F7.6m in quarter 1, 2011.


If you want more detailed information on the Balance of Payments Statistics for Quarter 1 2011 please contact the Fiji Bureau of Statistics at:

P.O.Box 2221
Government Buildings
Suva, FIJI
Tel: (679) 331 5822
Fax: (679) 330 3656

OR

email: info@statsfiji.gov.fj

For further enquiries please contact Ms Sashee Nath on 3315822 ext 119.

Balance of Payments for Quarter 2, 2011 will be released as soon as the input data is available