Does Samoa have a good economy?
Samoa’s economic freedom score is 61.9, making its economy the 89th freest in the 2021 Index.
How does American Samoa make money?
Economic Overview Economic activity is strongly linked to the US with which American Samoa conducts most of its commerce. Tuna fishing and processing are the backbone of the private sector with processed fish products as the primary exports.
What is the main business in Samoa?
Major Industries: Timber, tourism, food processing, fishing. The Samoan economy is dependent on agricultural exports, tourism, and capital flows from abroad.
Which country spends the most on government?
Government spending, billion USD, 2020 – Country rankings: The highest value was in Germany: 857.6 billion U.S. dollars and the lowest value was in the Central African Republic: 0.21 billion U.S. dollars.
Is Samoa a poor or rich country?
Samoa is one of the most stable islands in the Pacific region, with a reasonably healthy economy and an average family that lands in the lower-middle income category. As a developing nation, it has made many impressive strides toward meeting the Millenium Development Goals. Extreme poverty is very uncommon in Samoa.
What is the average income in Samoa?
American Samoa counties ranked by per capita income
| Rank | County | Median household income |
|---|---|---|
| 1 | Swains Island | $27,500 |
| 2 | Western District | $24,705 |
| 3 | Eastern District | $23,350 |
| 4 | Manu’a District | $17,614 |
What is the unemployment rate in Samoa?
approximately 8.87 percent
In 2020, the unemployment rate in Samoa was at approximately 8.87 percent….Samoa: Unemployment rate from 1999 to 2020.
| Characteristic | Unemployment rate |
|---|---|
| 2020 | 8.87% |
| 2019 | 8.22% |
| 2018 | 8.32% |
| 2017 | 8.44% |
Which country has the largest government relative to its GDP?
Sortable table (not available on mobile)
| Country | Government expenditure (% of GDP) | Government revenue (% of GDP) |
|---|---|---|
| Canada | 52.449 | 41.786 |
| Central African Republic | 24.253 | 21.720 |
| Chad | 19.765 | 21.349 |
| Chile | 28.972 | 21.839 |
Which country has the highest budget balance as percent of GDP?
Tuvalu
The figure is then expressed as a percentage relative to the GDP of a nation….Countries With The Highest Budget Surplus vs GDP.
| Rank | Country | Surplus (as % of GDP) |
|---|---|---|
| 1 | Tuvalu | 26.9 % |
| 2 | Macau | 25.2 % |
| 3 | Qatar | 16.1 % |
| 4 | Tonga | 12.4 % |
What is the average salary in Samoa?
The average salary for jobs in Pago Pago, American Samoa is $50,500 (USD) per year or an hourly rate of $24 (USD).
What is the cost of living in Samoa?
Samoa cost of living is 94.7
| COST OF LIVING | Samoa | California |
|---|---|---|
| Housing | 94.4 | 239.1 |
| Median Home Cost | $287,900 | $684,800 |
| Utilities | 88.4 | 102.4 |
| Transportation | 83.5 | 133.1 |
What is the starting rate in Samoa?
Samoa’s Minimum Wage is the lowest amount a worker can be legally paid for his work. Most countries have a nation-wide minimum wage that all workers must be paid. Samoa’s minimium wage rate is WST$2.00 per hour for workers in the private sector,and WST$2.65 for workers in the public sector.