Economy of Samoa
Population: 0.20 M (2018)
GDP per Capita: 4,183 USD (2018)
820 M.

GDP USD

(2018)

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270 M.

EXPORTS USD

(2018)

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390 M.

IMPORTS USD

(2018)

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47.60 %

PUBLIC DEBT

(2019)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 1.02 % (2017)
GDP of 2010 USD USD 0.70 B. (2018)
GDP Current USD USD 0.82 B. (2018)
GDP per Capita Current USD USD 4,183 (2018)
GDP per capita, PPP USD 5,753 (2018)
GDP per Capita, 2010 USD USD 3,749 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP
Government Spending
Government Debt % GDP 47.60 % (2019)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 84.31 (2018)
Trade Openness 80.39 % (2018)
Exports of Goods and Services % GDP 32.58 % (2018)
Exports Goods & Services USD 0.27 B. (2018)
Exports Annual Growth 4.88 % (2005)
Imports as % GDP 47.81 % (2018)
Total Imports USD 0.39 B. (2018)
Foreign Direct Investment % GDP 2.04 % (2018)
Foreign Direct Investment USD 0.02 B. (2018)
Current Account Balance % GDP USD 2.49 % (2018)
Current Account Balance USD 0.02 B. (2018)
Trade Balance % GDP -15.24 % (2018)
Trade Balance USD -0.12 B. (2018)
Foreign Exchange Reserves incl Gold USD 0.17 B. (2018)
Remittances % GDP 17.25 % (2018)
Remittances USD 142 M. (2018)
Balance of Payments USD 24 M. (2017)

Labor Market

Indicator Value
Labor Force 0.04 M. (2019)
Unemployment Rate 8.46 % (2019)
Unemployment Rate Females 9.84 % (2019)
Unemployment Rate Males 7.58 % (2019)
Youth Unemployment (ages 15-24) 18.41 % (2019)
Labor Force Participation Rate 31.24 % (2019)
Labor Force (Percent Female) 34.47 % (2019)
Female Labor Force Participation Rate 23.59 % (2019)
Male Labor Force Participation Rate 38.47 % (2019)
Dependent People 75.81 % (2018)

Agriculture Sector

Indicator Value
Forest Area 60.40 % (2016)
Forest Area km² 1,710 km² (2016)
Agricultural Land 12.37 % (2016)
Agricultural Land km² 350 km² (2016)
Employment 5.19 % (2019)
Value added % GDP 9.80 % (2018)
Agriculture Value added USD 0.08 B. (2018)
Crop Production Index 119.20 (2016)
Precipitation 1,583 mm (2012)
Arable Land 3 % (2016)
Cereal Yield 3 % (2016)
Food production index 118 (2016)
Rural Population 82 % (2018)
Fertilizer use of Arable Land 5 kg/hectare (2016)
Livestock Production Index 112 (2016)
Economy of Samoa

According to the World Bank and its latest published data, the economy of the Samoa presents a growth rate of 1.02 % (2017) to the previous year.

With a population that reaches 0.20 M (2018) and a gross domestic product of USD 0.82 B. (2018), it translates a Gross Domestic Product per Capita of USD 4,183 placing its inhabitants on the threshold of an Upper middle income country (according to the World Bank's updated classification).

Samoa also has a workforce of 0.04 M. (2019) with an unemployment rate of 8.46 % (2019), where women represent 9.84 % (2019) and men 7.58 % (2019), the unemployment rate for young people between 15-24 years old stood at 18.41 % (2019). The total number of dependent people stands at 75.81 % (2018).

The central government spent of its gross domestic product that year, which in absolute terms is . Its consolidated public debt reached 47.60 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Samoa exported USD 0.27 B. (2018), which represents 32.58 % (2018) of its gross domestic product, in that same sense its imports reached USD 0.39 B. (2018) with a direct foreign investment of USD 0.02 B. (2018).

Samoa has a forest area of 1,710 km² (2016), which represents 60.40 % (2016) of its total area, an average rainfall of 1,583 mm (2012) per year and a population of 82 % (2018) living in rural areas. With a total area of 350 km² (2016) available for agriculture and 5.19 % (2019) of its employments, the agricultural sector contributes to the economy of the Samoa about USD 0.08 B. (2018) (9.80 % (2018) of its GDP).