Samoa Economic Statistics and Indicators

14, Aug 2020, EDT. Welcome to the Samoa economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: Samoa › Change country
National or Regional Currency: Tala, WST
Year of data: 2015 › Change year
Number of Indicators Listed: 26
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 196,628 ; note: prior estimates used official net migration data by sex, but a highly unusual pattern for 1993 lead to a significant imbalance in the sex ratios (more men and fewer women) and a seeming reduction in the female population; the revised total was calculated using a 1993 number that was an average of the 1992 and 1994 migration figures (July 2014 est.)
Area: total: 2,831 sq km ; land: 2,821 sq km ; water: 10 sq km
Natural Resources: hardwood forests, fish, hydropower
Capital: name: Apia ; geographic coordinates: 13 49 S, 171 46 W ; time difference: UTC+13 (18 hours ahead of Washington, DC, during Standard Time) ; +1hr, begins last Sunday in September; ends first Sunday in April

The economy of Samoa has traditionally been dependent on development aid, family remittances from overseas, agriculture, and fishing. The country is vulnerable to devastating storms. Agriculture employs roughly two-thirds of the labor force and furnishes 90% of exports, featuring coconut cream, coconut oil, and copra. The manufacturing sector mainly processes agricultural products. One factory in the Foreign Trade Zone employs 3,000 people to make automobile electrical harnesses for an assembly plant in Australia. Tourism is an expanding sector accounting for 25% of GDP; 122,000 tourists visited the islands in 2007. In late September 2009, an earthquake and the resulting tsunami severely damaged Samoa, and nearby American Samoa, disrupting transportation and power generation, and resulting in about 200 deaths. In December 2012, extensive flooding and wind damage from Tropical Cyclone Evan killed four people, displaced over 6,000, and damaged or destroyed an estimated 1,500 homes in Samoa's Upolu island. The Samoan Government has called for deregulation of the financial sector, encouragement of investment, and continued fiscal discipline, while at the same time protecting the environment. Observers point to the flexibility of the labor market as a basic strength for future economic advances. Foreign reserves are in a relatively healthy state, the external debt is stable, and inflation is low.
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GDP (Constant Prices, National Currency) for Samoa in year 2015 is WST 1.719 Billion.

GDP Growth (Constant Prices, National Currency) for Samoa in year 2015 is 1.681 %.

GDP (Current Prices, National Currency) for Samoa in year 2015 is WST 1.946 Billion.

GDP (Current Prices, US Dollars) for Samoa in year 2015 is US$ 0.838 Billion.

GDP Deflator for Samoa in year 2015 is 113.198 (Index, Base Year as per country's accounts = 100).

GDP Per Capita (Constant Prices, National Currency) for Samoa in year 2015 is WST 8,893.08 .

GDP Per Capita (Current Prices, National Currency) for Samoa in year 2015 is WST 10,066.84 .

GDP Per Capita (Current Prices, US Dollars) for Samoa in year 2015 is US$ 4,334.22 .

GDP (PPP), US Dollars for Samoa in year 2015 is US$ 1 Billion.

GDP Per Capita (PPP), US Dollars for Samoa in year 2015 is US$ 5,174.14 .

GDP Share of World Total (PPP) for Samoa in year 2015 is 0.001 %.

Implied PPP Conversion Rate for Samoa in year 2015 is 1.946 .

Inflation, Average Consumer Prices (Indexed to Year 2000) for Samoa in year 2015 is 109.117 (Index, Base Year 2000 = 100).

Inflation (Average Consumer Price Change %) for Samoa in year 2015 is 0.917 %.

Inflation, End of Year (Indexed to Year 2000) for Samoa in year 2015 is 108.4 (Index, Base Year 2000 = 100).

Inflation (End of Year Change %) for Samoa in year 2015 is 0.37 %.

Population for Samoa in year 2015 is 0.193 Million .

General government revenue (National Currency) for Samoa in year 2015 is WST 0.699 Billions.

General government revenue (% of GDP) for Samoa in year 2015 is 35.906 %.

General government total expenditure (National Currency) for Samoa in year 2015 is WST 0.763 Billions.

General government total expenditure (% of GDP) for Samoa in year 2015 is 39.223 %.

Total Government Net Lending/ Borrowing (National Currency) for Samoa in year 2015 is WST -0.065 Billions.

Total Government Net Lending/ Borrowing (% of GDP) for Samoa in year 2015 is -3.317 %.

Fiscal Year Gross Domestic Product, Current Prices for Samoa in year 2015 is WST 1.946 Billions.

Current Account Balance (US Dollars) for Samoa in year 2015 is US$ -0.033 Billion.

Current Account Balance (% GDP) for Samoa in year 2015 is -3.98 %.