| COUNTRIES | GEOGRAPHIC NAMES | GEOLOGY | USA STATS | CHINA STATS | COUNTRY CODES | AIRPORTS | RELIGION | JOBS |

Samoa Economy 2010
https://workmall.com/wfb2010/samoa/samoa_economy.html
SOURCE: 2010 CIA WORLD FACTBOOK AND OTHER SOURCES

. Feedback


Samoa Economy 2010
SOURCE: 2010 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on January 15, 2010

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):
$1.025 billion (2009 est.)

$1.034 billion (2008 est.)
$1.07 billion (2007 est.)
note: data are in 2009 US dollars

GDP (official exchange rate):
$567 million (2009 est.)

GDP - real growth rate:
-0.8% (2009 est.)

-3.4% (2008 est.)
6.1% (2007 est.)

GDP - per capita (PPP):
$4,700 (2009 est.)

$4,800 (2008 est.)
$5,000 (2007 est.)
note: data are in 2009 US dollars

GDP - composition by sector:
agriculture: 11.6%
industry: 13.1%
services: 75.3% (2004 est.)

Labor force:
66,270 (2007 est.)

Labor force - by occupation:
agriculture: NA%
industry: NA%
services: NA%

Unemployment rate:
NA% est.)

Population below poverty line:
NA%

Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%

Budget:
revenues: $NA
expenditures: $NA

Inflation rate (consumer prices):
6% (2007 est.)

Commercial bank prime lending rate:
12.66% (31 December 2008)

12.65% (31 December 2007)

Stock of money:
$60.13 million (31 December 2008)

$69.97 million (31 December 2007)

Stock of quasi money:
$162.8 million (31 December 2008)

$168.7 million (31 December 2007)

Stock of domestic credit:
$208.5 million (31 December 2008)

$215.1 million (31 December 2007)

Market value of publicly traded shares:
$NA

Agriculture - products:
coconuts, bananas, taro, yams, coffee, cocoa

Industries:
food processing, building materials, auto parts

Industrial production growth rate:
2.8% (2000)

Electricity - production:
109 million kWh (2007 est.)

Electricity - consumption:
101.4 million kWh (2007 est.)

Electricity - exports:
0 kWh (2008 est.)

Electricity - imports:
0 kWh (2008 est.)

Oil - production:
0 bbl/day (2008 est.)

Oil - consumption:
1,000 bbl/day (2008 est.)

Oil - exports:
0 bbl/day (2007 est.)

Oil - imports:
1,105 bbl/day (2007 est.)

Oil - proved reserves:
0 bbl (1 January 2009 est.)

Natural gas - production:
0 cu m (2008 est.)

Natural gas - consumption:
0 cu m (2008 est.)

Natural gas - exports:
0 cu m (2008 est.)

Natural gas - imports:
0 cu m (2008 est.)

Natural gas - proved reserves:
0 cu m (1 January 2009 est.)

Current account balance:
$-24 million (2007 est.)

Exports:
$131 million (2006 est.)

Exports - commodities:
fish, coconut oil and cream, copra, taro, automotive parts, garments, beer

Exports - partners:
Australia 36.8%, American Samoa 35.3%, US 2.9% (2008)

Imports:
$324 million (2006 est.)

Imports - commodities:
machinery and equipment, industrial supplies, foodstuffs

Imports - partners:
NZ 20.1%, Fiji 18.2%, Singapore 18.1%, China 8.7%, Australia 6.4% (2008)

Reserves of foreign exchange and gold:
$70.15 million (FY03/04 est.)

Debt - external:
$177 million (2004 est.)

Exchange rates:
tala (SAT) per US dollar - NA (2007), 2.7594 (2006), 2.7103 (2005), 2.7807 (2004), 2.9732 (2003)


NOTE: The information regarding Samoa on this page is re-published from the 2010 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Samoa Economy 2010 information contained here. All suggestions for corrections of any errors about Samoa Economy 2010 should be addressed to the CIA.






This page was last modified 09-Feb-10
Copyright © 1995-2020 ITA (all rights reserved).