Skip navigation
Skip navigation

Samoa economic update 2007

dc.contributor.authorKVAConsult Ltd
dc.identifier.issn1834-9455 (online)
dc.identifier.issn0817-8038 (print)
dc.description.abstractThere is general optimism about the short-term economic and financial prospects of the Samoan economy. Economic growth is expected to be sustained at around 3 per cent per annum over the next three years, driven mainly by continuing rapid growth in the tourism, commerce, and financial services sectors. On the inflation front, it is estimated that increases in prices will average around 3 per cent per annum during 2007/08. Budget expenditure pressures arising from the need to construct infrastructure for the South Pacific Games in 2007 will now ease, thus helping to keep the budget deficit on target at less than one per cent of GDP. Although the balance of payments structure is fragile, it is forecast that there will be surpluses in the next three years from expected strong earnings from tourism and remittances. Agriculture however is declining, leading to the pressure of lost employment opportunities in rural areas. Significant reforms in telecommunications and a new focus on tourism, together with continuing commitment to earlier public sector reforms offer positive lessons to other small and vulnerable economies.
dc.format.extent207 KB
dc.publisherCrawford School of Public Policy, The Australian National University
dc.publisherAsia Pacific Press
dc.rightsAuthor/s retain copyright
dc.sourcePacific Economic Bulletin, Vol. 22 , No. 3, 2007
dc.titleSamoa economic update 2007
dc.typeJournal article
local.type.statusPublished Version
local.bibliographicCitation.placeofpublicationCanberra, ACT, Australia
CollectionsPacific Economic Bulletin (1991-2010)


File Description SizeFormat Image
223_samoa.pdf207.7 kBAdobe PDFThumbnail

Items in Open Research are protected by copyright, with all rights reserved, unless otherwise indicated.

Updated:  19 May 2020/ Responsible Officer:  University Librarian/ Page Contact:  Library Systems & Web Coordinator