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Indicators of economy in Samoa

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12.259 USD per capita. GDP in Samoa, on the other hand, reached USD 3.939 per capita, or 788.39 million USD in the whole country. Samoa is currently at number 200 among the international economies and is therefore one of the less significant. If this is calculated per inhabitant taking into account the purchasing power parity, then Samoa is in the list of the world's richest countries in place 125.

Inflation in Samoa was in 2021 at around 3.13%. Within the EU, the average in the same year was 2.55%. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 29.7% lower.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.


Back to overview: Samoa

Impact of the Covid-19 pandemic

The consequences of the Covid pandemic were not insignificant in Samoa 2020. Overall, gross domestic product in 2020 fell from 852.01 million US Dollar auf 807.15 million US Dollar. With a drop of 5.3 percent, the economy in Samoa suffered more significant losses than other countries.. The tourism sector alone slumped by around 89 percent. The unemployment rate rose from 8.4 to 9.1 percent. The inflation rate has fallen from 1.0 percent previously to -1.6 percent by the end of 2020.

Unemployment rates in percent 1991 - 2021

Economic performance 2021

 Samoa
Total
Samoa
per capita
EU
Total
EU
per capita
GDP788.39 m USD3,939.11 USD17.09 tn USD33,228.68 USD
Gross national product772.74 m USD3,860.93 USD16.78 tn USD32,621.03 USD


Development of gross domestic product in million US Dollar 1982 - 2021



Im- and Exports 2021

 Samoa
Total
Samoa
per capita
EU
Total
EU
per capita
Imports429.86 m USD2,147.75 USD8,916.24 bn USD17,337.55 USD
Exports97.77 m USD488.50 USD9,554.34 bn USD18,578.33 USD


Development of imports and exports in millions of USD 1977 - 2021

Exports
Imports



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