{
  "title": "Samoa: 2018 Article IV Consultation-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Samoa",
  "publication": "IMF Staff Country Reports, June 4, 2018",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2018/06/04/samoa-2018-article-iv-consultation-press-release-staff-report-staff-statement-and-statement-45934",
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  "summary": "This 2018 Article IV Consultation highlights that Samoa’s economy has shown resilience and continues to perform well. Growth remained robust at 2.5 percent in 2016/17, driven by commerce, services and agriculture. Inflation picked up to 1.",
  "sections": [
    {
      "heading": "Key macroeconomic findings",
      "content": "- Growth remained robust at 2.5 percent in 2016/17, driven by commerce, services and agriculture.\n- Inflation picked up to 1.3 percent in 2016/17, compared with close to zero in the previous year, but remains well below the authorities’ target of 3 percent.\n- The current account deficit narrowed to 2.3 percent, driven by temporary factors."
    },
    {
      "heading": "Exchange rate and external sector",
      "content": "- The Samoan Tala appreciated against the United States dollar during 2016/17.\n- There was little change in the nominal and real effective exchange rates during 2016/17."
    },
    {
      "heading": "Growth outlook and near-term projections",
      "content": "- Growth is projected to moderate to 1.8 percent in 2017/18.\n- Growth is projected to rebound in 2018/19 as two new businesses scale up operations at the old Yazaki plant and several infrastructure projects are completed."
    },
    {
      "heading": "Thematic coverage (as listed)",
      "content": "- Anti-money laundering and combating the financing of terrorism (AML/CFT)\n- Banking\n- Credit\n- Crime\n- Environment\n- External debt\n- Money\n- Natural disasters\n- Public and publicly-guaranteed external debt\n- Public debt\n\nIMF Staff Country Report: Samoa: 2018 Article IV Consultation-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Samoa (June 4, 2018).\n\n---\n\n Content in this bundle\n\n- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
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  "bullets": [
    "[Markdown version](/en/publications/cr/issues/2018/06/04/samoa-2018-article-iv-consultation-press-release-staff-report-staff-statement-and-statement-45934/index.md)",
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    "Published: June 4, 2018",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484359242.002",
    "Growth remained robust at 2.5 percent in 2016/17, driven by commerce, services and agriculture.",
    "Inflation picked up to 1.3 percent in 2016/17, compared with close to zero in the previous year, but remains well below the authorities’ target of 3 percent.",
    "The current account deficit narrowed to 2.3 percent, driven by temporary factors.",
    "The Samoan Tala appreciated against the United States dollar during 2016/17.",
    "There was little change in the nominal and real effective exchange rates during 2016/17.",
    "Growth is projected to moderate to 1.8 percent in 2017/18.",
    "Growth is projected to rebound in 2018/19 as two new businesses scale up operations at the old Yazaki plant and several infrastructure projects are completed.",
    "**Country Report**"
  ],
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