192001
Samoan (Polynesian) (official), English
APIA (capital) 37,000 (2014)
- Conventional long form
- Independent State of Samoa
- Conventional short form
- Samoa
- Local long form
- Malo Sa'oloto Tuto'atasi o Samoa
- Local short form
- Samoa
parliamentary republic
- Name
- Apia
- Geographic coordinates
- 13 49 S, 171 46 W
- Time difference
- UTC+13 (18 hours ahead of Washington, DC, during Standard Time)
has not submitted an ICJ jurisdiction declaration; accepts ICCt jurisdiction
The economy of Samoa has traditionally been dependent on development aid, family remittances from overseas, tourism, agriculture, and fishing. It has a nominal GDP of $830 million. Agriculture, including fishing, employs roughly two-thirds of the labor force and furnishes 90% of exports, featuring fish, coconut oil, nonu products, and taro. The manufacturing sector mainly processes agricultural products. One factory in the Foreign Trade Zone employs over 700 people to make automobile electrical harnesses for an assembly plant in Australia, and accounts for 65% of total exports, but it is set to close by yearend 2017. Industry accounts for nearly 24% of GDP while employing less than 6% of the work force. The service sector accounts for nearly three-quarters of GDP and employs approximately 50% of the labor force. Tourism is an expanding sector accounting for 25% of GDP; 132,000 tourists visited the islands in 2013.
- Inflation
- 1.304%
- External debt stocks
- US$ 437,424,000
- Total tax rate (% of commercial profits)
- 18.5%
- Real Interest Rate
- 10.324%
- Manufacturing, value added (% of GDP)
- 7.711%
- Current Account Balance
- US$ -43,559,596
- Labor Force, Total
- 50,739
- Employment in Agriculture
- 5.36%
- Employment in Industry
- 14.78%
- Employment in Services
- 79.85%
- Unemployment Rate
- 7.16%
- Imports of goods and services
- US$ 392,004,042
- Exports of goods and services
- US$ 230,688,062
- Total Merchandise Trade
- 51.74%
- FDI, net inflows
- US$ 41,323,309
- Commercial Service Exports
- US$ 181,901,454
coconuts, nonu, bananas, taro, yams, coffee, cocoa
food processing, building materials, auto parts
- Commodities
- fish, coconut oil and cream, nonu, copra, taro, automotive parts, garments, beer
- Partners
- American Samoa 56.8%, Australia 17.1% (2015)
- Commodities
- machinery and equipment, industrial supplies, foodstuffs
- Partners
- Fiji 22.6%, NZ 18.8%, China 15.8%, South Korea 7.9%, Australia 6%, US 5.6%, Singapore 5.2% (2015)