Samoa: Recent Economic Developments
May 15, 1994
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This paper reviews economic developments in Western Samoa during 1990–94. Economic growth resumed in 1993, led by a strong recovery in agriculture during the first half of the year and a rebound in tourism. With the recovery in domestic food production, the rate of inflation declined in 1993. However, although infrastructure repairs were largely completed, financial policies remained relaxed: the budget deficit widened further to 22 percent of GDP in the 1992/93 fiscal year, and credit to the private sector continued to expand rapidly.
Subject: Bank deposits, Banking, Commercial banks, Environment, Exports, Financial institutions, Foreign exchange, Imports, International trade, Natural disasters
Keywords: Australia and New Zealand, broad money, Commercial banks, CR, enterprise, export, export proceeds, export processing activity, Exports, Imports, ISCR, lending, monetary policy, Natural disasters, net bank lending, primary sector, Samoa, taro export, time deposit, travel receipts, tuna resource, Western Samoa's export
Pages:
73
Volume:
1994
DOI:
---
Issue:
013
Series:
Country Report No. 1994/013
Stock No:
1WSMEA0011994
ISBN:
9781451840636
ISSN:
1934-7685
Notes
This report on recent economic developments in Western Samoa was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.
