Economy - overview:
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 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. 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.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): GDP - composition by sector: Labor force: Labor force - by occupation: Unemployment rate: Population below poverty line: Household income or consumption by percentage share: Budget: Taxes and other revenues: Budget surplus (+) or deficit (-): Inflation rate (consumer prices): Commercial bank prime lending rate: Stock of narrow money: Stock of broad money: Stock of domestic credit: Market value of publicly traded shares: Agriculture - products: Industries: Industrial production growth rate: Electricity - production: Electricity - consumption: Electricity - exports: Electricity - imports: Oil - production: Oil - consumption: Oil - exports: Oil - imports: Natural gas - production: Natural gas - consumption: Natural gas - exports: Natural gas - imports: Natural gas - proved reserves: Current account balance: Exports: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Reserves of foreign exchange and gold: Debt - external: Exchange rates:
NOTE: 1) The information regarding Samoa on this page is re-published from the 2012 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Samoa Economy 2012 information contained here. All suggestions for corrections of any errors about Samoa Economy 2012 should be addressed to the CIA.
$1.122 billion (2011 est.)
country comparison to the world: 200
note: data are in 2011 US dollars
[see also: GDP country ranks ]
$600 million (2011 est.)
[see also: GDP (official exchange rate) country ranks ]
2% (2011 est.)
country comparison to the world: 155
[see also: GDP - real growth rate country ranks ]
$6,000 (2011 est.)
country comparison to the world: 135
note: data are in 2011 US dollars
[see also: GDP - per capita country ranks ]
agriculture: 11.7%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 26.5%
[see also: GDP - composition by sector - industry country ranks ]
services: 62% (2011 est.)
[see also: GDP - composition by sector - services country ranks ]
66,270 (2007 est.)
country comparison to the world: 184
[see also: Labor force country ranks ]
agriculture: NA%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: NA%
[see also: Labor force - by occupation - industry country ranks ]
services: NA%
[see also: Labor force - by occupation - services country ranks ]
NA%
[see also: Unemployment rate country ranks ]
NA%
[see also: Population below poverty line country ranks ]
lowest 10%: NA%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: NA%
[see also: Household income or consumption by percentage share - highest 10% country ranks ]
revenues: $216.5 million
[see also: Budget revenues country ranks ]
expenditures: $303 million (2011 est.)
[see also: Budget expenditures country ranks ]
36.1% of GDP (2011 est.)
country comparison to the world: 56
[see also: Taxes and other revenues country ranks ]
-14.4% of GDP (2011 est.)
country comparison to the world: 208
[see also: Budget surplus (+) or deficit (-) country ranks ]
4.3% (2011 est.)
country comparison to the world: 103
[see also: Inflation rate (consumer prices) country ranks ]
10.4% (31 December 2011 est.)
country comparison to the world: 85
[see also: Commercial bank prime lending rate country ranks ]
$105.9 million (31 December 2011 est.)
country comparison to the world: 186
[see also: Stock of narrow money country ranks ]
$337 million (31 December 2011 est.)
country comparison to the world: 183
[see also: Stock of broad money country ranks ]
$250 million (31 December 2011 est.)
country comparison to the world: 178
[see also: Stock of domestic credit country ranks ]
$NA
[see also: Market value of publicly traded shares country ranks ]
coconuts, bananas, taro, yams, coffee, cocoa
food processing, building materials, auto parts
2.8% (2000)
country comparison to the world: 113
[see also: Industrial production growth rate country ranks ]
108 million kWh (2009 est.)
country comparison to the world: 191
[see also: Electricity - production country ranks ]
98.58 million kWh (2008 est.)
country comparison to the world: 193
[see also: Electricity - consumption country ranks ]
0 kWh (2009 est.)
[see also: Electricity - exports country ranks ]
0 kWh (2009 est.)
[see also: Electricity - imports country ranks ]
0 bbl/day (2010 est.)
country comparison to the world: 145
[see also: Oil - production country ranks ]
1,000 bbl/day (2010 est.)
country comparison to the world: 195
[see also: Oil - consumption country ranks ]
0 bbl/day (2009 est.)
country comparison to the world: 144
[see also: Oil - exports country ranks ]
1,125 bbl/day (2009 est.)
country comparison to the world: 191
[see also: Oil - imports country ranks ]
0 cu m (2009 est.)
country comparison to the world: 144
[see also: Natural gas - production country ranks ]
0 cu m (2009 est.)
country comparison to the world: 144
[see also: Natural gas - consumption country ranks ]
0 cu m (2009 est.)
country comparison to the world: 207
[see also: Natural gas - exports country ranks ]
0 cu m (2009 est.)
country comparison to the world: 77
[see also: Natural gas - imports country ranks ]
0 cu m (1 January 2011 est.)
country comparison to the world: 206
[see also: Natural gas - proved reserves country ranks ]
-$58.9 million (2010 est.)
country comparison to the world: 69
[see also: Current account balance country ranks ]
$35.07 million (2010 est.)
country comparison to the world: 202
[see also: Exports country ranks ]
fish, coconut oil and cream, copra, taro, automotive parts, garments, beer
American Samoa 45.4%, Australia 30.1% (2010)
$280 million (2010 est.)
country comparison to the world: 196
[see also: Imports country ranks ]
machinery and equipment, industrial supplies, foodstuffs
NZ 21.8%, China 16.6%, Fiji 16.2%, Singapore 13%, Japan 7.5%, Australia 6.3%, US 4.6% (2010)
$209.5 million (31 December 2010 est.)
country comparison to the world: 165
[see also: Reserves of foreign exchange and gold country ranks ]
$235.5 million (31 December 2009 est.)
country comparison to the world: 177
[see also: Debt - external country ranks ]
tala (SAT) per US dollar -
2) The rank that you see is the CIA reported rank, which may habe the following issues:
a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order
Flags
This page was last modified 07-Mar-12