Samoa's GDP changed from approximately $127M in 1980 to $1B 24M in 2024, showing an overall 706.3% sharply increased during the period.
The lowest GDP was recorded in 1985 at $106M, and the highest in 2024 at $1B 24M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 4.9%.
For comparison, the average annual growth rate of Tonga was 4.9%, and that of Fiji was 3.5%.
Overview of Samoa's GDP (1980–2024)
The Gross Domestic Product (GDP) of Samoa recorded a 706.3% sharply increased from 1980 to 2024.
The average GDP during this period was $456M 733K, and the median was $289M.
GDP fluctuated within a range of $918M, with a standard deviation of $309M 890K.
The average annual change was $22M 720K.
Samoa GDP from 1980 to 2024
The total market value of goods and services produced annually in Samoa.
Highest and Lowest GDP Records
- Lowest GDP: 1985, $106M
- Highest GDP: 2024, $1B 24M
- Most Recent GDP: 2024, $1B 24M
Notable Annual GDP Changes
- 2008: Significant increase in GDP
- 2009: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Samoa's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $913M → $869M
- Outcome: declined
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $568M → $618M
- Outcome: increased
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $271M → $273M
- Outcome: remained stable
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $280M → $286M
- Outcome: increased
Key Economic Indicators of Samoa (1980–2024)
| year | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
1980 | $ 127M | $ 0 | $ 0 | $ 195M | -6.123 % | -12.622 % | 0 % | 0 % | 0 person |
1981 | $ 119M | $ 0 | $ 0 | $ 194M | -9.056 % | -13.889 % | 0 % | 0 % | 0 person |
1982 | $ 122M | $ 0 | $ 0 | $ 204M | -1.014 % | -7.672 % | 0 % | 0 % | 0 person |
1983 | $ 113M | $ 0 | $ 0 | $ 213M | 0.485 % | 1.099 % | 0 % | 0 % | 0 person |
1984 | $ 111M | $ 0 | $ 0 | $ 225M | 1.98 % | -2.394 % | 0 % | 0 % | 0 person |
1985 | $ 106M | $ 0 | $ 0 | $ 245M | 5.826 % | 1.788 % | 0 % | 0 % | 0 person |
1986 | $ 112M | $ 0 | $ 0 | $ 262M | 4.79 % | 8.666 % | 0 % | 0 % | 0 person |
1987 | $ 124M | $ 0 | $ 0 | $ 270M | 0.509 % | 8.982 % | 0 % | 0 % | 0 person |
1988 | $ 138M | $ 0 | $ 0 | $ 288M | 2.871 % | 9.768 % | 0 % | 0 % | 0 person |
1989 | $ 141M | $ 0 | $ 0 | $ 316M | 5.819 % | 10.123 % | 0 % | 0 % | 0 person |
1990 | $ 182M | $ 0 | $ 0 | $ 307M | -6.444 % | 7.143 % | 0 % | 0 % | 0 person |
1991 | $ 176M | $ 0 | $ 0 | $ 310M | -2.443 % | -17.417 % | 0 % | 0 % | 0 person |
1992 | $ 193M | $ 0 | $ 0 | $ 330M | 4.135 % | -13.173 % | 0 % | 0 % | 0 person |
1993 | $ 198M | $ 0 | $ 0 | $ 343M | 1.683 % | -17.565 % | 0 % | 0 % | 0 person |
1994 | $ 158M | $ 0 | $ 0 | $ 373M | 6.39 % | 2.409 % | 0 % | 0 % | 0 person |
1995 | $ 242M | $ 0 | $ 0 | $ 406M | 6.556 % | 4.013 % | 0 % | 0 % | 0 person |
1996 | $ 258M | $ 0 | $ 0 | $ 443M | 7.274 % | 4.383 % | 0 % | 0 % | 0 person |
1997 | $ 280M | $ 0 | $ 0 | $ 454M | 0.803 % | -3.139 % | 0 % | 0 % | 0 person |
1998 | $ 286M | $ 1,655.95 | $ 2,687.82 | $ 465M | 1.1 % | 0.901 % | 0 % | 0 % | 173,000 people |
1999 | $ 262M | $ 1,509.12 | $ 2,696.54 | $ 468M | -0.636 % | -8.217 % | 0 % | 0 % | 174,000 people |