Includes historical data for Samoa’s Gross Domestic Product growth, debt-to-GDP ratio and more, as well as information on trade, banking and financial sector leadership.
Competitive Tax Rates And Skilled Workforce
Located halfway between Hawaii and New Zealand in the Pacific Ocean, the Independent State of Samoa’s economy thrives on agriculture, fishing, tourism, and substantial overseas remittances. Samoa boasts an English-speaking and educated workforce, competitive wages, low corporate and income taxes, and solid infrastructure. A peaceful and stable parliamentary democracy and a member of the Commonwealth and the World Trade Organization, Samoa welcomes foreign direct investment (FDI), permitting 100% ownership in most sectors.
Weaknesses, however, persist, including geographical remoteness impacting import-export costs, a lack of economic diversification, and vulnerability to natural disasters.
Macroeconomy & Sovereign Data
| Type of Government | Parliamentary republic |
|---|---|
| Capital | Apia |
| Sovereign Ratings |
S&P: Not rated Moody’s: Not rated Fitch: Not rated |
| Total Population | 204,000 |
| Median Age | 20.6 |
| Adult Per Capita Income (PPP) | 9,539.25 |
| Total GDP (2023) | USD 1.0 billion |
Samoa GDP & Economic Overview
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Banking & Finance
Trade & Investment
| Total Exports | USD 510.6 million (2022) |
|---|---|
| Leading Exports |
Refined Petroleum Poultry Meats Iron Lumber Processed Fish Cars |
| Total Imports | USD 66.2 million (2022) |
| Leading Imports |
Coconut Oil Insulated Wiring Refined Petroleum Integrated Circuits Sardines Air Pumps Tuna Lemons Beer |
| Source: | World Integrated Trade Solution |
Samoa Leading Companies
| Samoa Commercial Bank (SBC) | Financials |
|---|---|
| Samoa Shipping Services (SSS) | Transportation Services |
| Samoa Airways | Transportation, Airlines |
| Vailima Corporation | Consumer Staples, Food Products |
| Yazaki Samoa | Industrials, Auto Components |
Major Trade Partners — Import
| New Zealand | 23.2% |
|---|---|
| Singapore | 16.0% |
| China | 13.5% |
| Australia | 11.0% |
| United States | 10.0% |
Major Trade Partners — Export
| New Zealand | 23.3% |
|---|---|
| American Samoa | 21.1% |
| United States | 18.6% |
| Australia | 8.6% |
| Tokelau | 7.5% |
Global Finance Rankings & Awards
Data Sources:
IMF World Economic Outlook
UN World Population Prospects
World Inequality Report
S&P Global Ratings
Moody’s
Fitch Ratings
IMF Direction of Trade Statistics (DOTS)
UN Conference on Trade and Development (UNCTAD)
CIA The World Factbook
World Bank’s World Integrated Trade Solution
Forbes Global 2000