High foreign investment
10 November, 2017, 12:00 am
FIJI’S International Investment Position (IIP) at the end of the March 2017 quarter as reported by the Fiji Bureau of Statistics (FBoS) early this month was valued at $8.028 billion when compared with $7.246b at the end of the same period last year.
The FBoS said this amount reflected a much higher value of foreign investments in Fiji when compared with Fiji’s investment abroad.
This amount represents the difference between Fiji’s international assets of $3.563b, which includes the financial assets of residents of Fiji abroad, and Fiji’s international liability of $11.592b, which includes overseas investments, loans and other equities held by non-residents in Fiji as at 31 March, 2017.
Fiji’s international assets of $3.563b were made up of direct and portfolio investments $457.1m, reserve assets $1.997b and other investments $$1.129b which includes currency and deposits $814.9m, loans $190.2m and other accounts receivable of $123.6m.
And Fiji’s international liability valued at $11.592b was made up of direct investments $8.792b, portfolio investment $189.2m, and other investments of $2.610b which included loans $1.502b, currency and deposits $624.2m, other accounts payable $291.1m, special drawing rights $189.8m and other equity of $3.4m.
Fiji’s International Investment Position (IIP) measures the level of Fiji’s financial assets and liabilities with the rest of the world at a particular point in time. It provides a snapshot of the country’s international financial assets and liabilities.