Samoa: 2007 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion for Samoa

June 1, 2007

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Samoa: 2007 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion for Samoa, (USA: International Monetary Fund, 2007) accessed September 21, 2024

Summary

Samoa has achieved a major economic transformation over the last decade and a half. This 2007 Article IV Consultation highlights that real per capita GDP in Samoa has increased by more than 3 percent per year on average, and external public debt has fallen below 40 percent of GDP. The external position benefited from the rapid growth of remittances and tourism receipts. Executive Directors have congratulated the authorities on Samoa’s impressive growth performance and economic transformation over the past decade, with Samoa now set to graduate from least developed country status.

Subject: Credit, Economic sectors, External debt, Imports, International trade, Money, Public debt, Tourism

Keywords: Annex, Basket peg exchange rate regime, CR, Credit, Credit growth, Headline inflation, IMF staff estimate, Imports, ISCR, Less developed country, Pacific Islands, Regime, Samoan authorities, Tourism, U.S. dollar

Publication Details

Pages:

46
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2007/185
Stock No:

1WSMEA2007002
ISBN:

9781451840742
ISSN:

1934-7685

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