IMF Staff Country Reports

Samoa: Recent Economic Developments

Publication Date:

May 15, 1994

Summary:

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.

Series:

Country Report No. 1994/013

Subject:

Bank deposits Banking Commercial banks Environment Exports Financial institutions Foreign exchange Imports International trade Natural disasters

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.