Country Details
Samoa
Oceania, group of islands in the South Pacific Ocean, about halfway between Hawaii and New Zealand
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Economy
Detailed information and insights
Economic overview
ower middle-income Pacific island economy; enormous fishing and agriculture industries; significant remittances; growing offshore financial hub; recently hosted Pacific Games to drive tourism and infrastructure growth
Real GDP (purchasing power parity)
Real GDP (purchasing power parity) 2024
$1.503 billion (2024 est.)
Real GDP (purchasing power parity) 2023
$1.374 billion (2023 est.)
Real GDP (purchasing power parity) 2022
$1.258 billion (2022 est.)
Real GDP growth rate
Real GDP growth rate 2024
9.4% (2024 est.)
Real GDP growth rate 2023
9.2% (2023 est.)
Real GDP growth rate 2022
-5.3% (2022 est.)
Real GDP per capita
Real GDP per capita 2024
$6,900 (2024 est.)
Real GDP per capita 2023
$6,300 (2023 est.)
Real GDP per capita 2022
$5,800 (2022 est.)
GDP (official exchange rate)
$1.068 billion (2024 est.)
Note
note: data in current dollars at official exchange rate
Inflation rate (consumer prices)
Inflation rate (consumer prices) 2024
2.2% (2024 est.)
Inflation rate (consumer prices) 2023
7.9% (2023 est.)
Inflation rate (consumer prices) 2022
11% (2022 est.)
GDP - composition, by sector of origin
Agriculture
11% (2024 est.)
Industry
10.9% (2024 est.)
Services
72.5% (2024 est.)
GDP - composition, by end use
Household consumption
80.8% (2024 est.)
Government consumption
18.2% (2024 est.)
Investment in fixed capital
30.5% (2024 est.)
Investment in inventories
2.3% (2024 est.)
Exports of goods and services
29.3% (2024 est.)
Imports of goods and services
-53.8% (2024 est.)
Agricultural products
coconuts, bananas, taro, tropical fruits, pineapples, mangoes/guavas, papayas, root vegetables, milk, avocados (2023)
Note
note: top ten agricultural products based on tonnage
Industries
food processing, building materials, auto parts
Industrial production growth rate
4.2% (2024 est.)
Note
note: annual % change in industrial value added based on constant local currency
Labor force
57,200 (2024 est.)
Note
note: number of people ages 15 or older who are employed or seeking work
Unemployment rate
Unemployment rate 2024
4.6% (2024 est.)
Unemployment rate 2023
5% (2023 est.)
Unemployment rate 2022
5.1% (2022 est.)
Youth unemployment rate (ages 15-24)
Total
11.9% (2024 est.)
Male
7.4% (2024 est.)
Female
20.9% (2024 est.)
Population below poverty line
21.9% (2018 est.)
Note
note: % of population with income below national poverty line
Remittances
Remittances 2024
26.4% of GDP (2024 est.)
Remittances 2023
28.2% of GDP (2023 est.)
Remittances 2022
33.6% of GDP (2022 est.)
Budget
Revenues
$371.764 million (2023 est.)
Expenditures
$326.052 million (2023 est.)
Public debt
Public debt 2016
52.6% of GDP (2016 est.)
Taxes and other revenues
26.7% (of GDP) (2023 est.)
Note
note: central government tax revenue as a % of GDP
Current account balance
Current account balance 2024
$64.616 million (2024 est.)
Current account balance 2023
$40.177 million (2023 est.)
Current account balance 2022
-$74.039 million (2022 est.)
Exports
Exports 2024
$369.73 million (2024 est.)
Exports 2023
$346.187 million (2023 est.)
Exports 2022
$175.377 million (2022 est.)
Exports - partners
India 26%, NZ 14%, USA 12%, American Samoa 10%, Australia 9% (2023)
Note
note: top five export partners based on percentage share of exports
Exports - commodities
refined petroleum, integrated circuits, coconut oil, fish, insulated wire (2023)
Note
note: top five export commodities based on value in dollars
Imports
Imports 2024
$575.749 million (2024 est.)
Imports 2023
$560.776 million (2023 est.)
Imports 2022
$512.021 million (2022 est.)
Imports - partners
NZ 20%, Singapore 19%, China 17%, Australia 10%, Fiji 9% (2023)
Note
note: top five import partners based on percentage share of imports
Imports - commodities
refined petroleum, poultry, cars, plastic products, milk (2023)
Note
note: top five import commodities based on value in dollars
Reserves of foreign exchange and gold
Reserves of foreign exchange and gold 2024
$507.74 million (2024 est.)
Reserves of foreign exchange and gold 2023
$447.09 million (2023 est.)
Reserves of foreign exchange and gold 2022
$321.163 million (2022 est.)
Debt - external
Debt - external 2023
$269.974 million (2023 est.)
Exchange rates
Currency
tala (SAT) per US dollar -
Exchange rates 2024
2.754 (2024 est.)
Exchange rates 2023
2.738 (2023 est.)
Exchange rates 2022
2.689 (2022 est.)
Exchange rates 2021
2.556 (2021 est.)
Exchange rates 2020
2.665 (2020 est.)