Source: world bank Nominal/PPP
Summary:
Samoa GDP Per Capita expanded from 1970 to 2024, increasing from $0.05 to $1.18 .The compound annual growth rate (CAGR) averaged 6.03% over the period. The economy recorded its peak level in 2024 and its lowest level in 1970. Growth volatility remained high. The maximum drawdown reached 23.08%, indicating the largest cyclical decline from peak levels. The country experienced 10 recession episode(s) during the observed period.
Samoa Economic Phases (1970 - 2024)
From 1970 to 2024, Samoa economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1971–1974) indicating robust economic expansion
- Contraction (1975–1976) indicating temporary slowdown
- High Growth (1977–1979) indicating robust economic expansion
- Contraction (1983–1984) indicating temporary slowdown
- High Growth (1986–1988) indicating robust economic expansion
- High Growth (1996–1997) indicating robust economic expansion
- Contraction (1998–1999) indicating temporary slowdown
- Expansion (2000–2001) indicating steady moderate growth
- High Growth (2002–2005) indicating robust economic expansion
- High Growth (2007–2008) indicating robust economic expansion
- High Growth (2010–2011) indicating robust economic expansion
- Expansion (2012–2013) indicating steady moderate growth
- Expansion (2015–2017) indicating steady moderate growth
- Contraction (2020–2021) indicating temporary slowdown
- High Growth (2023–2024) indicating robust economic expansion
The most remarkable growth occurred in 1994 with an increase of 66.086%, while the largest decline was in 1985 at -12.48%.