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Samoa

Malo Sa'oloto Tuto'atasi o Samoa

Last updated: 2026-03-28 (today)

Budget

note

note: 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.)

expenditures

$326.052 million (2023 est.)

Exports

note

note: balance of payments - exports of goods and services in current dollars

Exports 2022

$175.377 million (2022 est.)

Exports 2023

$346.187 million (2023 est.)

Exports 2024

$369.73 million (2024 est.)

Imports

note

note: balance of payments - imports of goods and services in current dollars

Imports 2022

$512.021 million (2022 est.)

Imports 2023

$560.776 million (2023 est.)

Imports 2024

$575.749 million (2024 est.)

Industries

food processing, building materials, auto parts

Labor force

57,200 (2024 est.)

note: number of people ages 15 or older who are employed or seeking work

Public debt

Public debt 2016

52.6% of GDP (2016 est.)

Remittances

note

note: 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.)

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.)

Debt - external

note

note: present value of external debt in current US dollars

Debt - external 2023

$269.974 million (2023 est.)

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

Unemployment rate

note

note: % 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.)

Exports - partners

India 26%, NZ 14%, USA 12%, American Samoa 10%, Australia 9% (2023)

note: top five export partners based on percentage share of exports

Imports - partners

NZ 20%, Singapore 19%, China 17%, Australia 10%, Fiji 9% (2023)

note: top five import partners based on percentage share of imports

Real GDP per capita

note

note: 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.)

Real GDP growth rate

note

note: 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.)

Agricultural products

coconuts, bananas, taro, tropical fruits, pineapples, mangoes/guavas, papayas, root vegetables, milk, avocados (2023)

note: top ten agricultural products based on tonnage

Exports - commodities

refined petroleum, integrated circuits, coconut oil, fish, insulated wire (2023)

note: top five export commodities based on value in dollars

Imports - commodities

refined petroleum, poultry, cars, plastic products, milk (2023)

note: top five import commodities based on value in dollars

Current account balance

note

note: balance of payments - net trade and primary/secondary income in current dollars

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.)

Taxes and other revenues

26.7% (of GDP) (2023 est.)

note: central government tax revenue as a % of GDP

GDP (official exchange rate)

$1.068 billion (2024 est.)

note: data in current dollars at official exchange rate

GDP - composition, by end use

note

note: figures may not total 100% due to rounding or gaps in data collection

household consumption

80.8% (2024 est.)

government consumption

18.2% (2024 est.)

investment in inventories

2.3% (2024 est.)

investment in fixed capital

30.5% (2024 est.)

exports of goods and services

29.3% (2024 est.)

imports of goods and services

-53.8% (2024 est.)

Population below poverty line

21.9% (2018 est.)

note: % of population with income below national poverty line

Inflation rate (consumer prices)

note

note: annual % change based on consumer prices

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.)

Industrial production growth rate

4.2% (2024 est.)

note: annual % change in industrial value added based on constant local currency

Real GDP (purchasing power parity)

note

note: 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.)

Youth unemployment rate (ages 15-24)

male

7.4% (2024 est.)

note

note: % of labor force ages 15-24 seeking employment

total

11.9% (2024 est.)

female

20.9% (2024 est.)

Reserves of foreign exchange and gold

note

note: 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.)

GDP - composition, by sector of origin

note

note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data

industry

10.9% (2024 est.)

services

72.5% (2024 est.)

agriculture

11% (2024 est.)