Copyright 2014 Global Finance is a media partner of: If you continue to navigate this website beyond this page, cookies will be placed on your browser. The primary sector (agriculture, forestry, and fishing) employs nearly two-thirds of the labor force and produces 17% of GDP. These economies are not ranked in the charts here, but are listed in sequence by GDP for comparison. List of countries by GDP Samoa Samoa GDP List of countries by GDP (PPP) per capita Please check your download folder. American Samoa GDP Data are in current U.S. dollars. All rights Reserved. If you use our chart images on your site or blog, we ask that you provide attribution via a link back to this page. Samoans living overseas accounted for about 33% of all tourist numbers. expenditures: $6,100 (2020 est.) WebNon-sovereign entities (the world, continents, and some dependent territories) and states with limited international recognition (such as Kosovo, Palestine, and Taiwan) are included in the list in cases in which they appear in the sources. $24.3 million (2010), Exchange rates: 40% The GDP-by-industry data reveal that both the government and private sector contributed to the 2020 growth. Overall ranking: 98 out of 190 countries (2019), Starting a Business: 46 out of 190 countries, Dealing with Construction Permits: 94 out of 190 countries, Getting Electricity: 71 out of 190 countries, Registering Property: 68 out of 190 countries, Protecting Minority Investors: 128 out of 190 countries, Trading across Borders: 154 out of 190 countries, Enforcing Contracts: 86 out of 190 countries, Resolving Insolvency: 140 out of 190 countries, Ranking: 82 / Score: 62.2 (Moderately free) (2018), Protestant 57.4% (Congregationalist 31.8%, Methodist 13.7%, Assembly of God 8%, Seventh-Day Adventist 3.9%), Roman Catholic 19.4%, Mormon 15.2%, Worship Centre 1.7%, other Christian 5.5%, other 0.7%, none 0.1%, unspecified 0.1% (2011 est. American Samoa deregulation of the financial sector, encouragement of investment, and continued fiscal discipline. country GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. These three sources of revenuetourism, private transfers, and official transfersallow Samoa to cover its persistently large trade deficit. WebFor a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Samoa machinery and equipment, foodstuffs, Imports partners: DataBank. Free and open access to global development data. White label accounts can distribute our data. Samoa List of countries by GDP Advanced users can use our Python/R/Matlab packages. As a result, gross domestic product declined by nearly 50% from 1989 to 1991. These economies are not ranked in the charts here, but are listed in sequence by GDP for comparison. 2023 Data - 2024 Forecast - 1982-2022 Historical - Chart - News, Samoa Personal Income Tax Rate at 27.00 percent, Deposit Interest Rate in Samoa at 1.80 percent, South Korea Trade Surplus Smaller than Expected, South Korea Imports Fall More than Estimated, Argentina Economic Activity Shrinks More than Estimates, Trinidad and Tobago Keeps Interest Rate Steady at 3.5%. The Human Capital Index (HCI) database provides data at the country level for each of the components of the Human Capital Index as well as for the overall index, disaggregated by gender. Taro, a root crop, traditionally was Samoa's largest export, generating more than half of all export revenue in 1993. coconuts, bananas, taro, yams, coffee, cocoa, Exports commodities: GDP growth (annual %) - American Samoa For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. [citation needed], The collapse of taro exports in 1994 has had the unintended effect of modestly diversifying Samoa's export products and markets. 0% [5] Asau, with the Potlatch sawmillers and Samoa Forest Products, was one of the busiest parts of Savai'i in the 1960s and 1970s; however, the departure of Potlatch and the scaling down of the sawmill has left Asau a ghost town in recent years. $110 million Free and open access to global development data GDP per capita growth (annual %) Download. Current job openings: Download historical data for 20 million indicators using your browser. coconut oil and cream, copra, fish, beer, Exports partners: ), Political Rights: 2 Samoa gdp growth rate for 2019 was 4.45%, a 5.06% increase from 2018. GDP real growth rate: 2.5% (2017 est.) 6% 10.4% [citation needed], In the late 1960s, Potlatch Forests, Inc. (a US company), upgraded the harbour and airport at Asau on the northern coast of Savai'i and established a timber operation, Samoa Forest Products, for harvesting tropical hardwoods. [citation needed], Two major cyclones hit Samoa at the beginning of the 1990s. [2] Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates. other: Standard users can export data in a easy to use web interface or using an excel add-in. Civil Liberties: 2 (2017), (1 represents the most free, 7 the least free rating), Fixed 5.93% Mobile 62.37% (2015) List of countries by GDP (PPP) per capita Please help update this article to reflect recent events or newly available information. Selected Countries and Economies. Global Finance Magazine. Method The gross domestic product (GDP) per capita figures on this page are derived from PPP calculations. About 46% came from New Zealand, 20% from Australia and 7% from the United States. To learn more about cookies, click here. agriculture: 10.4% industry: 23.6% services: 66% Population below poverty line: NA% WebIt is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. (2017 est. WebNon-sovereign entities (the world, continents, and some dependent territories) and states with limited international recognition (such as Kosovo, Palestine, and Taiwan) are included in the list in cases in which they appear in the sources. Samoa GDP We have a plan for your needs. highest 10%: source: World Bank 10Y 25Y 50Y MAX Chart Compare Export API Embed Samoa GDP GDP composition by sector: (2017 est.) The Yazaki plant employed more than 2,000 workers and made up over 20% of the manufacturing sector's total output. Country. 65% The economy of Samoa is dependent on agricultural exports, development aid and private financing from overseas. country comparison to the world: 171 )[11], Labor force by occupation:: WebIn 2019, the estimated average GDP per capita (PPP) of all of the countries of the world was Int$ 18,381. Yazaki Samoa closed down in 2017,[7] but in the same year Fero, a New Zealand manufacturer producing wiring units, set up in Samoa in the same plant used by Yazaki. ), Electricity production by source: 150 GWh (2008), Agriculture products: GDP per capita, PPP (current international $) - Samoa from The World Bank: Data. American Samoa GDP 66%, Household income or consumption by percentage share: HCI and GDP Per Capita PPP (log scale, horizontal axis) Productivity relative to benchmark of complete education and full health. Global news and insight for corporate financial professionals. To learn more about cookies, click here. ), Total population: 99% The following is a summary of the estimates of GDP by industry, by territory: In American Samoa, real GDP increased 5.0 percent in 2020. Most Recent Year. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Samoa Forced to look for alternatives to taro, Samoa's exporters have dramatically increased the production of copra, coconut oil, and fish. WebGDP growth (annual %) - American Samoa from The World Bank: Data. WebThe Gross Domestic Product per capita in Samoa was last recorded at 5534.13 US dollars in 2021, when adjusted by purchasing power parity (PPP). Economic reforms were stepped up, including the liberalization of exchange controls. Samoa Language links are at the top of the page across from the title. Samoa GDP WebGross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. More than 100,000 Samoans who live overseas provide two sources of revenue. GDP growth rebounded to over 6% in both 1995 and 1996 before slowing again at the end of the decade. WebGDP per Capita in Samoa averaged 3273.09 USD from 1982 until 2021, reaching an all time high of 4421.35 USD in 2019 and a record low of 2344.57 USD in 1982. 29%, Budget: All Countries NA% Samoa The Trading Economics Application Programming Interface (API) provides direct access to our data. of countries by GDP (nominal) per capita Samoa GDP per capita World Bank national accounts data, and OECD National Accounts data files. Net receipts amounted to between $1.5 million and $3.03 million annually, although shipments from Yazaki was counted as services (export processing) and therefore did not officially appear as merchandise exports. API users can feed a custom application. Samoa's exports are still concentrated in coconut products ($2.36 million worth of copra, copra meal, coconut oil, and coconut cream) and fish ($1.51 million) but are at least somewhat more diverse than before. Backlinks from other websites and blogs are the lifeblood of our site and are our primary source of new traffic. Classeditori, Gross domestic expenditure on R&D; (% of GDP), Public debt (General government gross debt as a % of GDP), Public deficit (General government net lending/borrowing as a % of GDP), Current account balance by percentage of GDP, Exports as percent of GDP (Exports of goods and services), Shares in world total merchandising export, Shares in world total commercial services export, Value of cross-border M&A, by country of purchaser, Cross-border M&A deals worth over $3 billion completed in 2014, Cross-border M&A deals worth over $3 billion completed in 2015, Urban population as % of total population, % of population living on less than $3.10 a day, Inequality of wealth distribution (Gini index), Total telephone subscribers as % of population, Sustainable Finance Awards 2023: Global Winners, World's Most Peaceful Country 2023 Global Peace Index, In Conversation with sgeir Jnsson | Central Bank of Iceland, List of countries in the regions listed in the regional table, Related Archival Articles & Country Reports, CIA World Factbook / GDP - composition by sector, World Trade Organization / World Trade Statistical Review, CIA World Factbook / Exports - major partners, CIA World Factbook / Imports - major partners, United Nations Conference on Trade and Development (UNCTAD) - World Investment Report, World Economic Forum / Global competitiveness ranking, CIA World Factbook / Population median age, CIA World Factbook / Population growth rate, Global Economic Indicators: Key Sources and Links, View all Samoa GDP and Economic Data content. Samoa gdp growth rate for 2021 was -7.08%, a 3.98% decline from 2020. Commonwealth of Independent States Composed of 11 CIS countries: Armenia, Standard & Poor's / Moody's (Updated January 2017), Fish, coconut oil and cream, nonu, copra, taro, automotive parts, garments, beer, Machinery and equipment, industrial supplies, foodstuffs, Australia 22.9%, NZ 22.8%, American Samoa 22.1%, Afghanistan 14.9%, US 5.9%(2017), NZ 22%, Singapore 20.7%, US 12.5%, China 10.1%, Australia 8.6%, Fiji 5.2%(2017), (for a monthly update on M&A; click here ). Long-run development depends upon upgrading the tourist infrastructure, attracting foreign investment, and further diversification of the economy. WebGdp: purchasing power parity US$1.137 billion (2017 est.) American Samoa gdp for 2021 was $0.71B, a 0.98% decline from 2020. Samoa GDP fossil fuel: Male: 99.1% )[11], GDP real growth rate: WebGdp: purchasing power parity US$1.137 billion (2017 est.) American Samoa gdp for 2021 was $0.71B, a 0.98% decline from 2020. source: World Bank 10Y 25Y 50Y MAX Chart Compare Export API Embed WebIt is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. agriculture: 10.4% industry: 23.6% services: 66% Population below poverty line: NA% It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. One-third came from American Samoa, 28% from New Zealand, and 11% from the United States. lowest 10%: Cyclone Ofa left an estimated 10,000 islanders homeless in February 1990; Cyclone Val caused 13 deaths and hundreds of millions of dollars in damage in December 1991. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Free and open access to global development data. Samoa's principal exports are refined petroleum, fish, and coconut products. Central and Eastern Europe Composed of 14 countries: Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Estonia, Hungary, Latvia, Lithuania, Former Yugoslav Republic of Macedonia, Montenegro, Poland, Romania, Serbia and Turkey. source: World Bank 10Y 25Y 50Y MAX Chart Compare Export API Embed If you use our datasets on your site or blog, we ask that you provide attribution via a link back to this page. Tourism is an expanding sector; more than 70,000 tourists visited the islands in 1996 and 120,000 in 2014. Samoa GDP Growth Rate 1983 This announcement dispelled a growing suspicion about the genuine motives of StarKist to move to Samoa. Global Finance presents this years best sustainable finance global winners. WebGDP per capita, PPP (current international $) - Samoa | Data. WebReal GDP (constant, inflation adjusted) of Samoa reached $758,305,684 in 2017. 23.6% American Samoa gdp for 2020 was $0.72B, a 10.66% increase from 2019. (2015 est. Australia, New Zealand, Japan, Fiji, United States, Debt external: )[11], GDP per capita: A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm. $122 million (201112), Industries: Ninety percent of exports went to the Pacific region, and only 1% went to Europe. Most Recent Value. $6,300 (2019 est.) Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Samoa GDP Growth Rate 1983 Method The gross domestic product (GDP) per capita figures on this page are derived from PPP calculations. Samoa Direct access to our data from your apps using any programing language. NA%, Inflation rate (consumer prices): Trading Economics welcomes candidates from around the world. Most Recent Year. [8], The effects of three natural disasters in the early 1990s were overcome by the middle of the decade, but economic growth cooled again with the regional economic downturn. If you use our datasets on your site or blog, we ask that you provide attribution via a link back to this page. DataBank. [citation needed], Further economic problems occurred in 1994 with an outbreak of taro leaf blight and the near collapse of the national airline Polynesian Airlines. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Potlatch invested about US$2,500,000 in a state-of-the-art sawmill and another US$6,000,000 over several years to develop power, water, and haul roads for their facility. [citation needed], Tourism numbers and revenue more than doubled in the decade 20072016. Samoa gdp growth rate for 2021 was -7.08%, a 3.98% decline from 2020. 5,3% (2010 est. In addition to the expatriate community, Samoa also receives roughly $28 million annually in official development assistance from sources led by China, Japan, Australia, and New Zealand. As open banking expands, consumers and companies stand to enjoy lower fees, greater ability to leverage their financial data: if they can control the risk of stolen or misused data. WebGDP per Capita in American Samoa (with a population of 55,620 people in 2017) was $9,094, a decrease of $496 from $9,590 in 2016; this represents a change of -5.2% in GDP per capita. Samoa GDP per capita ), Economic aid recipient: services: The GDP-by-industry data reveal that both the government and private sector contributed to the 2020 growth. WebHCI and GDP Per Capita PPP (log scale, horizontal axis) Productivity relative to benchmark of complete education and full health. WebStats Download The Gross Domestic Product (GDP) in Samoa was worth 0.84 billion US dollars in 2021, according to official data from the World Bank. country But a fungal blight decimated the plants, and in each year since 1994 taro exports have accounted for less than 1% of export revenue. The following is a summary of the estimates of GDP by industry, by territory: In American Samoa, real GDP increased 5.0 percent in 2020. GDP per capita [citation needed], The government responded to these shocks with a major program of road building and post-cyclone infrastructure repair. South Pacific Tourism Organisation (SPTO), 2017), "World Economic Outlook Database, October 2019", "W. Samoa's valuable timber deal is signed at last", "Fero Samoa - assembly and sub-assembly expertise", AMENDED STATE OF EMERGENCY ORDERS FOR CORONAVIRUS (COVID-19) 10th JUNE 2020, "The World Factbook: Samoa. Samoa Countries International Comparison Program, World Bank | World Development Indicators database, World Bank | Eurostat-OECD PPP Programme. [3] The Samoan Government has called for[when?] CSV XML EXCEL. Samoa industry: $5,500 (2021 est.) note: data are in 2017 dollars. The gross domestic product per capita in Samoa was forecast to continuously increase between 2023 and 2028 by in total 1,080.5 U.S. dollars (+24.35 percent). country comparison to the world: 171 Aggregates are based on constant 2010 U.S. dollars. WebResearch Database on Infrastructure Economic Performance 1980-2004. Samoa gdp growth rate for 2020 was -3.11%, a 7.56% decline from 2019. Thematic data tables from WDI. Global Finance editor Andrea Fiano interviews sgeir Jnsson, Central Bank Governor of Iceland during Global Finance's World's Best Bank Awards at the National Press Club in Washington, DC on October 15th. Samoa If you use our chart images on your site or blog, we ask that you provide attribution via a link back to this page. GDP per capita, PPP (current international $) - Samoa from The World Bank: Data. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. GDP per capita, PPP (current international $) - Samoa Free and open access to global development data GDP per capita growth (annual %) Download. Samoa Please check your download folder. nuclear: American Samoa gdp for 2020 was $0.72B, a 10.66% increase from 2019. WebFor a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. Backlinks from other websites and blogs are the lifeblood of our site and are our primary source of new traffic. Samoa GDP WebIn 2019, the estimated average GDP per capita (PPP) of all of the countries of the world was Int$ 18,381. [citation needed], Samoa annually receives important financial assistance from abroad. tourism, food processing, auto parts, building materials, Industrial production growth rate: WebGDP per Capita in American Samoa (with a population of 55,620 people in 2017) was $9,094, a decrease of $496 from $9,590 in 2016; this represents a change of -5.2% in GDP per capita. CSV XML EXCEL. The GDP per Capita, in Samoa, when adjusted by Purchasing Power Parity is equivalent to 31 percent of the world's average. StarKist Management announced that it was going ahead with setting up at Asau a blast-freezer project to be operational by 2002. The Trading Economics Application Programming Interface (API) provides direct access to our data. Old and new conflicts, the pandemic and our political and cultural polarization are the main culprits. GDP composition by sector: (2017 est.) Direct access to our data from your apps using any programing language. Here are the top 10 countries with the highest nominal GDP per capita in the world in 2023, measured in U.S. dollars: Luxembourg, Ireland, and Norway lead the ranking with more than $100,000 in GDP per capita. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Samoa GDP Per Capita Samoa received 122,000 visitors in 2007 and 145,176 visitors in 2016. 60% Outside a large automotive wire harness factory, the manufacturing sector mainly processes agricultural products. The nominal increase was further amplified by higher oil and gas prices, and despite strong increases in outflows of primary income abroad, Guyanas nominal GNI jumped 86.2% leading to a 60.0% increase in Atlas GNI per capita. [citation needed], New Zealand is Samoa's principal trading partner, typically providing between 35% and 40% of imports and purchasing 45%50% of exports. We have a plan for your needs. Female: 98.8% (2015 est. Please check your download folder. Advanced users can use our Python/R/Matlab packages. GDP per capita GDP per capita, PPP (current international $), GDP per capita, PPP (constant 2017 international $), International Comparison Program & Purchasing Power Parity, International Household Survey Network (IHSN), Trust Fund for Statistical Capacity Building. Trading Economics welcomes candidates from around the world. Prior to the taro leaf blight, Samoa's exports consisted of taro ($1.1 million), coconut cream ($540,000), and "other" ($350,000). The proposed blast-freezer operations in Asau were expected to bring this village back to life. Australia, American Samoa, the United States, and Fiji are also important trading partners. This site uses cookies to optimize functionality and give you the best possible experience. )[11]agriculture: GDP per capita: purchasing power parity $5,700 (2017 est.) [citation needed], Gdp: GDP growth (annual %) - American Samoa The Human Capital Index (HCI) database provides data at the country level for each of the components of the Human Capital Index as well as for the overall index, disaggregated by gender. These experiences and Samoa's position as a low-lying island state punctuate its concern about global climate change. industry: )[11]agriculture: WebGDP per capita (current US$) - Samoa from The World Bank: Data Most Recent Value. WebThe Gross Domestic Product per capita in Samoa was last recorded at 5534.13 US dollars in 2021, when adjusted by purchasing power parity (PPP). tala (WS$) per US$1 3.0460 (January 2000), 3.0120 (1999), 2.9429 (1998), 2.5562 (1997), 2.4618 (1996), 2.4722 (1995). services: The nominal increase was further amplified by higher oil and gas prices, and despite strong increases in outflows of primary income abroad, Guyanas nominal GNI jumped 86.2% leading to a 60.0% increase in Atlas GNI per capita. [a] For rankings regarding wealth, see list of countries by wealth per adult . )[11], GDP composition by sector: WebGDP per Capita in Samoa averaged 3273.09 USD from 1982 until 2021, reaching an all time high of 4421.35 USD in 2019 and a record low of 2344.57 USD in 1982. [9][pageneeded], Responding to the COVID-19 pandemic in 2020, Samoa banned all international flights, inbound and outbound. Gross Domestic Product (GDP) of American Samoa Sources: World Bank - World Bank national accounts data, and OECD National Accounts data. GDP per capita, PPP (constant 2017 international $), International Comparison Program & Purchasing Power Parity, International Household Survey Network (IHSN), Trust Fund for Statistical Capacity Building. All Countries [2] Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates. Samoa GDP Per Capita GDP real growth rate: 2.5% (2017 est.) $5,500 (2021 est.) Thematic data tables from WDI. $6,300 (2019 est.) Samoa Observers point to the flexibility of the labor market as a basic strength factor for future economic advances. Country. purchasing power parity US$1.137 billion (2017 est. Standard users can export data in a easy to use web interface or using an excel add-in. WebReal GDP (constant, inflation adjusted) of Samoa reached $758,305,684 in 2017. $6,100 (2020 est.) WebIncludes Samoa real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector. Samoa gdp growth rate for 2020 was -3.11%, a 7.56% decline from 2019. Rankings of Samoa best banks and safest banks are also available. WebIncludes Samoa real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector. [a] For rankings regarding wealth, see list of countries by wealth per adult . Agriculture employs two-thirds of the labor force, and furnishes 9% of exports, featuring coconut cream, coconut oil and copra. of countries by GDP (nominal) per capita These three products, which combined to produce export revenue of less than $100,000 in 1993, now account for over $3.8 million. Here are the top 10 countries with the highest nominal GDP per capita in the world in 2023, measured in U.S. dollars: Luxembourg, Ireland, and Norway lead the ranking with more than $100,000 in GDP per capita. The gross domestic product per capita in Samoa was forecast to continuously increase between 2023 and 2028 by in total 1,080.5 U.S. dollars (+24.35 percent). [citation needed], In addition to smaller productions of other agricultural products. In the past 15 years, global peacefulness has fallen by more than 3%.
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