Ivan Kushnir - Economy of Samoa

Ivan Kushnir. Economy of Samoa. Series "Economy in countries". - 2019.

last updated: 2021-03-04

Ivan Kushnir, 2019
All rights reserved.

This book about the economy of Samoa from the 1970s to the 2010s. Source data from UN Data.

Size. In the 2010s, the gross domestic product of Samoa was equal to $786.4 million per year; the value of agriculture was $74.7 million; the value of industry was $85.1 million. Since the share in the world is less than .01%, the country is classified as a micro economy.

Productivity. In the 2010s, the gross domestic product per capita was $4 091.7, the value of agriculture per capita was $388.7, the value of industry per capita was $442.6. Since the productivity is between the average of below average and the average, the economy is classified as developing.

Growth. In the 2010s, the growth of GDP was 1.4%; the growth of agriculture was -0.64%; the growth of industry was -1.4%.

Structure. In the 2010s, the economy of Samoa included: trade (32.7%), services (29.6%), transportation (10.9%), industry (10.8%), agriculture (9.5%), and construction (6.5%).

Exports and imports. In the 2010s, the imports were 67.8% higher than the exports, the net imports were equal to 21.7% of the GDP. The technological structure of exports are better than the structure of imports.

Consumption and reproduction. The attitude of reproduction to the consumption is better than the global average, so the share of GDP in the world will increase.

Series "Economy in countries"

The GDP of Samoa increased from $77.3 million per year in the 1970s to $786.4 million per year in the 2010s, that is by $709.1 million or 10.2 times. The change occurred at $630.0 million due to a 5.0-fold increase in prices, as also at $57.5 million due to a 1.6-fold increase in productivity, as well as at $21.7 million due to the increase in population. The average annual growth in GDP is 1.9%. The minimum value of GDP was in 1970 at $41.3 million. The maximum value of gross domestic product was in 2019 at $844.7 million.

The 1970s

The Samoas gross domestic product was $77.3 million per year in the 1970s, ranked 162nd in the world. The share in the world was 0.0012%, and 0.067% in Oceania.

The gross domestic product of Samoa included: household expenditure (86.4%), government expenditure (26.2%), and capital formation (19.7%).

The gross domestic product per capita in Samoa was $515.2 in the 1970s, ranked 127th in the world, and was on a par with Ghana ($511.9), Zambia ($519.9), DPRK ($524.0). The Samoan GDP per capita was less than GDP per capita in the world ($1 620.8) in 3.1 times, and was less than GDP per capita in Oceania ($5 398.2) in 10.5 times.

The growth of GDP in Samoa was 3.7% in the 1970s, ranked 112th in the world, and was on a par with Tanzania (3.7%). The growth of gross domestic product in Samoa (3.7%) was less than growth of gross domestic product in the world (4.1%), was greater than growth of GDP in Oceania (2.8%).

Comparison with neighbors. The Samoas GDP was greater than in Kiribati ($50.8 million), in Tonga ($38.0 million), and in Tuvalu ($3.5 million); but less than in Fiji ($572.3 million). The GDP per capita in Samoa was greater than in Tonga ($430.2); but less than in Fiji ($1 002.7), in Kiribati ($926.9), and in Tuvalu ($564.0). The growth of GDP in Samoa was greater than in Kiribati (2.6%), in Tonga (2.4%), and in Tuvalu (-1.7%); but less than in Fiji (5.7%).

Comparison with leaders. The Samoas GDP was less than in the United States ($1.7 trillion), in the USSR ($649.4 billion), in Japan ($558.0 billion), in Germany ($484.2 billion), and in France ($333.2 billion). The Samoas GDP per capita was less than in the United States ($7.8 thousand), in France ($6.2 thousand), in Germany ($6.1 thousand), in Japan ($5.0 thousand), and in the USSR ($2.6 thousand). The growth of gross domestic product in Samoa was greater than in the United States (3.5%) and in Germany (3.1%); but less than in the USSR (4.8%), in Japan (4.6%), and in France (3.9%).

The 1980s

The Samoas gross domestic product was $105.4 million per year in the 1980s, ranked 171st in the world, and was on a par with the Federated States of Micronesia ($104.6 million). The share in the world was 0.0007%, and 0.041% in Oceania.

The GDP of Samoa included: household expenditure (86.4%), government expenditure (27.3%), and capital formation (20.9%).

The Samoas GDP per capita was $662.3 in the 1980s, ranked 137th in the world, and was on a par with Cabo Verde ($661.6), Bolivia ($671.5), Middle Africa ($652.3). The GDP per capita in Samoa was less than GDP per capita in the world ($3 123.4) in 4.7 times, and was less than gross domestic product per capita in Oceania ($10 390.7) in 15.7 times.

The growth of gross domestic product in Samoa was -0.3% in the 1980s, ranked 166th in the world. The growth of GDP in Samoa (-0.32%) was less than growth of gross domestic product in the world (3.0%), was less than growth of GDP in Oceania (3.1%).

Comparison with neighbors. The gross domestic product of Samoa was greater than in Tonga ($98.0 million), in Kiribati ($36.7 million), and in Tuvalu ($5.0 million); but less than in Fiji ($1.2 billion). The Samoan gross domestic product per capita was greater than in Tuvalu ($610.4) and in Kiribati ($571.4); but less than in Fiji ($1 718.2) and in Tonga ($1 043.5). The growth of GDP in Samoa was greater than in Kiribati (-5.3%); but less than in Tonga (6.1%), in Tuvalu (4.7%), and in Fiji (1.7%).

Comparison with leaders. The Samoan GDP was less than in the USA ($4.2 trillion), in Japan ($1.8 trillion), in Germany ($990.0 billion), in the USSR ($887.0 billion), and in France ($729.5 billion). The GDP per capita in Samoa was less than in the United States ($17.4 thousand), in Japan ($15.0 thousand), in France ($12.9 thousand), in Germany ($12.7 thousand), and in the USSR ($3.2 thousand). The growth of gross domestic product in Samoa was less than in the USSR (4.3%), in Japan (4.3%), in the United States (3.1%), in France (2.3%), and in Germany (1.9%).

The 1990s

The Samoas GDP was $182.0 million per year in the 1990s, ranked 199th in the world. The share in the world was 0.0006%, and 0.041% in Oceania.

The GDP of Samoa included: household consumption expenditure (86.4%), public expenditure (25.4%), and capital formation (18.2%).

The Samoan gross domestic product per capita was $1 078.3 in the 1990s, ranked 132nd in the world, and was on a par with Bosnia and Herzegovina ($1 076.2). The Samoan GDP per capita was less than gross domestic product per capita in the world ($5 020.1) in 4.7 times, and was less than gross domestic product per capita in Oceania ($15 413.2) in 14.3 times.

The growth of gross domestic product in Samoa was 1.4% in the 1990s, ranked 157th in the world. The growth of gross domestic product in Samoa (1.4%) was less than growth of GDP in the world (2.8%), was less than growth of gross domestic product in Oceania (3.3%).