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Indicators of economy in Samoa

The essential economic performance of a country is reflected by the gross domestic product, the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12,183 USD per capita. GDP in Samoa, on the other hand, reached USD 3,857 per capita, or 843.84 million USD for the whole country. Samoa is currently at number 199 among the international economies and is therefore one of the less significant. If this is calculated per inhabitant, taking purchasing power parity into account, then Samoa ranks 138th in the list of the richest countries.

Inflation in Samoa in 2022 was around 10.96%. Within the EU, the average in the same year was 9.22 percent. In the United States, it was most recently 8.00%.

The index for perceived corruption in the public sector is 52, which is rather mediocre by global standards.


Back to overview: Samoa

Impact of the COVID-19 pandemic

Overall, the gross domestic product in Samoa in 2020 decreased moderatly from 912.94 million US dollars to 868.90 million US dollars. Certainly, there have been shifts in some sectors of the economy, but a drop of 4.8 percent is still comparatively good this year. Numerous countries suffered more substantial losses. The tourism sector alone slumped by around 89 percent. The unemployment rate rose from 9.1 to 9.8 percent. The country's gross debt fell by 9.0 percent. The inflation rate fell from 1.0 percent previously to -1.6 percent by the end of 2020.

In 2021, gross domestic product declined again, falling to 843.84 million U.S. dollars (=92.4% of 2019).

Income and purchasing power

The average monthly income in Samoa is 318 US Dollar per capita. In the USA, the figure is 5,911 US Dollar. However, the prices of consumer goods are also around 30.8 percent lower than in the USA. If you compare income and price levels, the result is a more expensive life in Samoa than in the United States. The bottom line is that the costs do not offset the lower income, and you get about 92.2 percent less.

However, it is also important to remember that this is a purely statistical model. Both the labor output and the type and quality of the goods received always correspond to the national average on both sides of the equation - so they do not necessarily have to match. Here you can also find an international comparison of cost of living and purchasing power.

Unemployment rates in percentages 1991 - 2022

Economic performance 2021

 Samoa
Total		Samoa
per capita		EU
Total		EU
per capita
GDP843.84 m USD3,857.32 USD17.177 tn USD33,384.92 USD
Gross national product834.06 m USD3,812.59 USD16.895 tn USD32,835.37 USD


Development of gross domestic product in millions of USD 1982 - 2021


› Debt budget development
› Development of inflation
› Corruption in Samoa
› Cost of living in a global comparison


Imports and Exports 2021

 Samoa
Total		Samoa
per capita		EU
Total		EU
per capita
Imports429.86 m USD1,964.95 USD8.916 tn USD17,329.02 USD
Exports97.77 m USD446.92 USD9.554 tn USD18,569.19 USD


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

Exports
Imports



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