Country Overview
Fiji has shown consistent economic growth and high infrastructure deal activity, closing several recent deals with foreign equity sponsorship. To improve the efficiency of infrastructure projects, Fiji could look to shorten the duration of procurement processes and minimise cost and risk. Weak domestic production levels in key sectors and the potential economic fallout from the COVID-19 pandemic all present challenges to Fiji’s ability to fund infrastructure investment.
See Full Overview Data
GDP per capita
6,380 USD
Population
0.9 million persons

Driver Overview

This section shows a country’s rank, ranking change and score for each of the eight drivers. It also categorises each country’s driver performance on a scale from “Emerging” (score from 0-20) to “Global Leader” (score from 80-100).

Driver
Score /100
Emerging Aspiring Contender Top performer Global Leader

Rank

Score /100

Best practice

59.1
-
50.8
-
59.7
-
74.1
-
57.6
-

Metric Overview

Strengths

Value of close infrastructure deals with foreign equity sponsorship

Fiji has one of the highest values of closed infrastructure deals with foreign equity sponsorship at 0.54% of GDP. A high value may reflect favourable trade conditions and lower barriers to foreign investment, but the COVID-19 pandemic may impact international capital flows.

Financial stability

Fiji’s financial stability is satisfactory and equal to the Upper Middle Income Countries average, supported by foreign reserves. A stable financial system facilitates the smooth flow of funds between infrastructure assets and investors. The long-term impacts of the COVID-19 pandemic is a concern.

Cost to start a business

According to the World Bank, the cost to start a business in Fiji is 14.5% of income per capita. Low business start-up costs could ease the entry of new firms.

Value of close infrastructure deals with foreign equity sponsorship

Fiji has one of the highest values of closed infrastructure deals with foreign equity sponsorship at 0.54% of GDP. A high value may reflect favourable trade conditions and lower barriers to foreign investment, but the COVID-19 pandemic may impact international capital flows.

Financial stability

Fiji’s financial stability is satisfactory and equal to the Upper Middle Income Countries average, supported by foreign reserves. A stable financial system facilitates the smooth flow of funds between infrastructure assets and investors. The long-term impacts of the COVID-19 pandemic is a concern.

Cost to start a business

According to the World Bank, the cost to start a business in Fiji is 14.5% of income per capita. Low business start-up costs could ease the entry of new firms.

Top Performing Metrics

Top Performing Metrics

This is defined by the metrics with the highest unweighted score out of 100. 

Upper middle income country average

Financial markets:
Financial stability

Opportunities to Grow

Published project pipeline

Fiji does not currently publish an infrastructure pipeline of projects. The addition of a pipeline could help provide infrastructure participants with a clear indication of prospective and confirmed infrastructure activity.

Long term GDP growth trend

Fiji’s long-term GDP growth has averaged 3.2%, similar to the average for Upper Middle Income Countries. Long-term growth signals a country’s capacity to fund infrastructure from future growth. The COVID-19 pandemic may impact this GDP growth.

Average procurement duration – transaction RFP

At 37 months, Fiji has a higher than average period of time from announcement of a tender to contract award. Lengthy procurement processes add costs, risks and down time for infrastructure contractors.

Published project pipeline

Fiji does not currently publish an infrastructure pipeline of projects. The addition of a pipeline could help provide infrastructure participants with a clear indication of prospective and confirmed infrastructure activity.

Long term GDP growth trend

Fiji’s long-term GDP growth has averaged 3.2%, similar to the average for Upper Middle Income Countries. Long-term growth signals a country’s capacity to fund infrastructure from future growth. The COVID-19 pandemic may impact this GDP growth.

Average procurement duration – transaction RFP

At 37 months, Fiji has a higher than average period of time from announcement of a tender to contract award. Lengthy procurement processes add costs, risks and down time for infrastructure contractors.

Metrics to Improve

Metrics to Improve

This is defined by the metrics with the lowest weighted score out of 100, such that these metrics would have the greatest impact on the overall score.

For metrics that have binary outcomes (yes=100/no=0), no comparative income group average is reported.

Upper middle income country average

Funding capacity:
Long term GDP growth trend

Detailed Data

This section shows country data for each of the 41 metrics. The figures in brackets denote the change in score since InfraCompass 2017. 

Note that all data has been normalised on a scale of 1-100. For raw metric data, please download the complete InfraCompass 2020 dataset. 

Where relevant, some metric scores have been inverted, such that all metrics have positive relationships with good infrastructure outcomes. For example, since lower compliance costs make it easier to invest in infrastructure, the normalised value of ‘number of procedures to start a business’ has been reversed such that lower number of procedures are scored closer to 100, and higher numbers closer to 0. In other words, a score of 0 indicates a poor performance, rather than 0 number of procedures.

Governance Regulatory Permits Planning Procurement Activity Funding Financial
Driver
Score /100
Emerging Aspiring Contender Top performer Global Leader

Metric

Fiji

Upper middle Income Countries Average

Source Link

28.2%

Recovery rate

The recovery rate is recorded as cents on the dollar recovered by secured creditors through reorganisation, liquidation or debt enforcement (foreclosure or receivership) proceedings.

46.5 (+0.1)
37.7

20.7%

Rule of law

World Governance Composite Indicator reflecting perceptions of the extent to which agents have confidence in and abide by the rules of society, and in particular the quality of contract enforcement, property rights, the police, and the courts, as well as the likelihood of crime and violence. The rule of law reflects whether the law imposes limits of power on the state, private sector and individuals.

47.4 (+2.9)
45.1

18.1%

Post-completion reviews

Whether the country conducts post-completion reviews on infrastructure projects to ensure the forecast outcomes are being achieved.

Yes
-

15.1%

Shareholder governance

Measures the governance practices that protect shareholders through three dimensions: the extent of shareholder rights index (shareholders’ rights and role in major corporate decisions), the extent of ownership and control index (governance safeguards protecting shareholders from undue board control and entrenchment), and the extent of corporate transparency index (corporate transparency on ownership stakes).

33.3
40.2

12.8%

Political stability and absence of violence score

Measures perceptions of the likelihood of political instability and/or politically-motivated violence, including terrorism. Estimate gives the country's score on the aggregate indicator, in units of a standard normal distribution i.e. ranging from approximately -2.5 to 2.5.

62.4 (-2.9)
46.1

5%

Infrastructure or PPP agency

Whether an infrastructure agency exists to coordinate an integrated approach to infrastructure delivery and policy.

Yes
-

Fiji

Upper middle Income Countries Average

46.5 (+0.1)
37.7
47.4 (+2.9)
45.1
Yes
-
33.3
40.2
62.4 (-2.9)
46.1
Yes
-

Country Overview Data

Fiji has shown consistent economic growth and high infrastructure deal activity, closing several recent deals with foreign equity sponsorship. To improve the efficiency of infrastructure projects, Fiji could look to shorten the duration of procurement processes and minimise cost and risk. Weak domestic production levels in key sectors and the potential economic fallout from the COVID-19 pandemic all present challenges to Fiji’s ability to fund infrastructure investment.
GDP per capita

6,380 USD

Population

0.9 million persons

GDP

5.7 USD billion

GDP growth rate

2.7%

GDP per capita growth rate

2.8%

Gini coefficient

36.7 (0-100 worst)

Gross Government Debt

47.0% of GDP

Inflation rate

3.5%

Summary credit rating

37.0 (0-100 best)

Unemployment rate

4.2%

Urbanisation ratio

56.0% of total population

Digital Adoption Index

0.5 (0-1 best)