AEIR 2019/2020

GDP growth fell from 2.7% in FY 2017 to 0.9% in FY2018 as a large manufacturing enterprise closed and fishing production declined. However, the steep drop in nonfood manufacturing was offset by growth in hotels and restaurants, construction, and communications and business services. Visitor arrivals grew by 11.5%, well above the 1.9% average annual tourism growth in FY2010–FY2017. Agriculture, transport, and finance all declined. Growth is expected to accelerate to 2.0% in FY2019 and 3.0% in FY2020 due to increased tourism, which should boost commerce, hotels, transport, and other ancillary activities. The 2019 Pacific Games, which Samoa will host in July 2019, is expected to provide further impetus.

Source: Asian Development Outlook 2019, ADB.
Latest Month-Ago Year-Ago
Headline Inflation Rate 1 3.8 (Mar20)5.0 2.3
Merchandise Export Growth 1 -34.5 (Jan20)-41.9 0.1
Exchange Rate Index 2 98.5 (Apr20)98.9 106.2
1 y-o-y, %.
2 Monthly average, January 2006 = 100, $/local currency.
Source: .

Initiatives / FTAs