Countries
Samoa
Key Economic Indicators
$1.9 billion
$8,737
4.75%
2.17%
5%
$1.068 billion (2024 est.)
52.6% of GDP (2016 est.)
$65.63 million
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
All Economic Data
Agricultural products
coconuts, bananas, taro, tropical fruits, pineapples, mangoes/guavas, papayas, root vegetables, milk, avocados (2023)
note:
<b>note:</b> top ten agricultural products based on tonnage
Budget
Expenditures:
$326.052 million (2023 est.)
Note:
<b>note:</b> central government revenues (excluding grants) and expenditures converted to US dollars at average official exchange rate for year indicated
Revenues:
$371.764 million (2023 est.)
Currency
code:
WST
name:
Samoan tālā (WST) [T]
Current account balance
$65.63 million
Current account balance 2022:
-$74.039 million (2022 est.)
Current account balance 2023:
$40.177 million (2023 est.)
Current account balance 2024:
$64.616 million (2024 est.)
Note:
<b>note:</b> balance of payments - net trade and primary/secondary income in current dollars
Debt - external
$394.94 million
Debt - external 2023:
$269.974 million (2023 est.)
Note:
<strong>note:</strong> present value of external debt in current US dollars
Exchange rates
Currency:
tala (SAT) per US dollar -
Exchange rates 2020:
2.665 (2020 est.)
Exchange rates 2021:
2.556 (2021 est.)
Exchange rates 2022:
2.689 (2022 est.)
Exchange rates 2023:
2.738 (2023 est.)
Exchange rates 2024:
2.754 (2024 est.)
Exports
$360.46 million
Exports 2022:
$175.377 million (2022 est.)
Exports 2023:
$346.187 million (2023 est.)
Exports 2024:
$369.73 million (2024 est.)
Note:
<b>note:</b> balance of payments - exports of goods and services in current dollars
Exports - commodities
refined petroleum, integrated circuits, coconut oil, fish, insulated wire (2023)
note:
<b>note:</b> top five export commodities based on value in dollars
Exports - partners
India 26%, NZ 14%, USA 12%, American Samoa 10%, Australia 9% (2023)
note:
<b>note:</b> top five export partners based on percentage share of exports
Foreign direct investment
net inflows:
$3.74 million
GDP - composition, by end use
Exports of goods and services:
29.3% (2024 est.)
Government consumption:
18.2% (2024 est.)
Household consumption:
80.8% (2024 est.)
Imports of goods and services:
-53.8% (2024 est.)
Investment in fixed capital:
30.5% (2024 est.)
Investment in inventories:
2.3% (2024 est.)
Note:
<strong>note:</strong> figures may not total 100% due to rounding or gaps in data collection
GDP - composition, by sector of origin
Agriculture:
11% (2024 est.)
Industry:
10.9% (2024 est.)
Note:
<b>note:</b> figures may not total 100% due to non-allocated consumption not captured in sector-reported data
Services:
72.5% (2024 est.)
GDP (official exchange rate)
$1.068 billion (2024 est.)
note:
<b>note:</b> data in current dollars at official exchange rate
GDP per capita (nominal)
$5,393
Gini Index coefficient - distribution of family income
38.7 (2013)
GNI (gross national income)
$1.16 billion
GNI per capita
$5,040
Gross domestic investment
29 % of GDP
Imports
$574.55 million
Imports 2022:
$512.021 million (2022 est.)
Imports 2023:
$560.776 million (2023 est.)
Imports 2024:
$575.749 million (2024 est.)
Note:
<b>note:</b> balance of payments - imports of goods and services in current dollars
Imports - commodities
refined petroleum, poultry, cars, plastic products, milk (2023)
note:
<b>note:</b> top five import commodities based on value in dollars
Imports - partners
NZ 20%, Singapore 19%, China 17%, Australia 10%, Fiji 9% (2023)
note:
<b>note:</b> top five import partners based on percentage share of imports
Industrial production growth rate
4.2% (2024 est.)
note:
<b>note:</b> annual % change in industrial value added based on constant local currency
Industries
food processing, building materials, auto parts
Inflation rate (consumer prices)
2.17%
Inflation rate (consumer prices) 2022:
11% (2022 est.)
Inflation rate (consumer prices) 2023:
7.9% (2023 est.)
Inflation rate (consumer prices) 2024:
2.2% (2024 est.)
Note:
<b>note:</b> annual % change based on consumer prices
Labor force
57,200 (2024 est.)
note:
<b>note:</b> number of people ages 15 or older who are employed or seeking work
total:
57,776 persons
Labor force - by occupation
agriculture:
26.88%
industry:
15.94%
services:
57.18%
Population below poverty line
21.9% (2018 est.)
note:
<b>note:</b> % of population with income below national poverty line
Public debt
Public debt 2016:
52.6% of GDP (2016 est.)
Real GDP (purchasing power parity)
$1.9 billion
Note:
<b>note:</b> data in 2021 dollars
Real GDP (purchasing power parity) 2022:
$1.258 billion (2022 est.)
Real GDP (purchasing power parity) 2023:
$1.374 billion (2023 est.)
Real GDP (purchasing power parity) 2024:
$1.503 billion (2024 est.)
Real GDP growth rate
4.75%
Note:
<b>note:</b> annual GDP % growth based on constant local currency
Real GDP growth rate 2022:
-5.3% (2022 est.)
Real GDP growth rate 2023:
9.2% (2023 est.)
Real GDP growth rate 2024:
9.4% (2024 est.)
Real GDP per capita
$8,737
Note:
<b>note:</b> data in 2021 dollars
Real GDP per capita 2022:
$5,800 (2022 est.)
Real GDP per capita 2023:
$6,300 (2023 est.)
Real GDP per capita 2024:
$6,900 (2024 est.)
Remittances
$282.25 million
Note:
<b>note:</b> personal transfers and compensation between resident and non-resident individuals/households/entities
Remittances 2022:
33.6% of GDP (2022 est.)
Remittances 2023:
28.2% of GDP (2023 est.)
Remittances 2024:
26.4% of GDP (2024 est.)
Reserves of foreign exchange and gold
$507.74 million
Note:
<b>note:</b> holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars
Reserves of foreign exchange and gold 2022:
$321.163 million (2022 est.)
Reserves of foreign exchange and gold 2023:
$447.09 million (2023 est.)
Reserves of foreign exchange and gold 2024:
$507.74 million (2024 est.)
Revenue (excl grants)
31 % of GDP
Tax revenue
24 % of GDP
Taxes and other revenues
26.7% (of GDP) (2023 est.)
note:
<b>note:</b> central government tax revenue as a % of GDP
Unemployment rate
5%
Note:
<b>note:</b> % of labor force seeking employment
Unemployment rate 2022:
5.1% (2022 est.)
Unemployment rate 2023:
5% (2023 est.)
Unemployment rate 2024:
4.6% (2024 est.)
Youth unemployment rate (ages 15-24)
Female:
20.9% (2024 est.)
Male:
7.4% (2024 est.)
Note:
<b>note:</b> % of labor force ages 15-24 seeking employment
Total:
11.9% (2024 est.)
World Bank Indicators
Currency
Samoan tl (WST) T (2025)
Gini Index
38.70 (2013)
Languages
English, Samoan (2025)
Economic Rankings
GDP Growth Rate
#22
Inflation Rate
#63
Gini Index
#75
Unemployment Rate
#101
External Debt
#118
GDP per Capita
#133
Reserves
#157
Imports
#181
Exports
#181
GDP (Nominal)
#184
GDP (PPP)
#184
Quick Facts
Industries
food processing, building materials, auto parts
Agricultural products
coconuts, bananas, taro, tropical fruits, pineapples, mangoes/guavas, papayas, root vegetables, milk, avocados (2023)
Labor force
57,200 (2024 est.)
Exports - partners
India 26%, NZ 14%, USA 12%, American Samoa 10%, Australia 9% (2023)
Imports - partners
NZ 20%, Singapore 19%, China 17%, Australia 10%, Fiji 9% (2023)
Exchange rates
tala (SAT) per US dollar -
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