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Welcome to Economist Intelligence Unit (EIU)
The Economist Intelligence Unit provides a constant flow of analysis and forecasts on more than 200 countries and eight key industries. We help executives make informed business decisions through dependable intelligence delivered online.
EIU Samoa
The one-party system dominated by the Human Rights Protection Party (HRPP) is expected to remain in place in Samoa throughout the forecast period. The HRPP is will be keen to strengthen its already firm grip on power, and to this end is expected to pass legislation to suppress further the activities of political parties and individuals outside the HRPP, as well as to tighten the eligibility requirements for independents running for office. The government's huge fiscal deficit will limit its ability to increase expenditure to fund aid and reconstruction efforts in the aftermath of the tsunami that hit Samoa in late September. However, the government will benefit from financial support and the provision of personnel and supplies from international donors and neighbouring countries. The destruction caused by the tsunami is likely to have a positive impact on economic activity in 2010, particularly in the construction sector, as infrastructure projects are undertaken and homes and businesses are rebuilt. The large deficit on the trade account will remain a concern throughout the forecast period. The Asian Development Bank (ADB) expects consumer price inflation to slow to an average of 3.2% in 2010, from an estimated 5.7% in 2009. |
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| Key Reports Available for Samoa |
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| Land area | | 2,831 sq km | | Population | | 176,848 (2001 census); 179,200 (2006 Asian Development Bank estimate) | | Major islands | | Upolu and Savai’i | | Capital | | Apia, on Upolu (population 38,800 at 2001 census) | | Climate | | Tropical; temperature range: 24-30°C | | Weather in Apia | | Average rainfall is 3,000 mm per year. There is a dry season from May to August, and a rainy season from November to April | | Languages | | English and Samoan (official languages) | | Measures | | Metric | | Currency | | The tala (or Samoan dollar)=100 sene (cents). Average exchange rate in 2007: Tala2.62:US$1. Exchange rate on August 17th 2008: Tala2.64 :US$1 | | Fiscal year | | June 1st-May 31st | | Time | | 11 hours behind GMT | | Public holidays | | January 1st-2nd (New Year); March 21st-24th (Easter); April 25th (Anzac Day); May 12th (Mothers of Samoa Day); June 1st (Independence Day); August 11th (Father's Day); October 13th (White Monday); November 7th (Arbor Day); December 25th (Christmas Day); December 26th (Boxing Day) |
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