Gross Domestic Product - Samoa Bureau of Statistics

Gross Domestic Product
December 2016 Quarter
Overview
13th April 2017
Special points
of interest:
 GDP Growth 2.8%
 GDP at Constant
2009 Prices
(real) - WST
$475.9 million
 GDP at Current
Prices (nominal)
- WST $539.5
million
Economic activities as measured by Gross Domestic
Product (GDP) grew by 2.8% in the December 2016
quarter. This follows nine consecutive quarters of
positive growths. This was consequent on the effort
put forward by government, businesses and individuals in trying to recover some of the industries which
recorded poor performances in the corresponding
quarter of 2015 as well as major events held in the
period which generated economic activities. The positive growth is considered a significant achievement
given the decline in value added for some of the biggest contributors to Samoa’s economy.
GDP Growth:
Gross Domestic Product for the December 2016
Quarter at constant 2009 prices amounted to
$475.9 million, increasing by 2.8% compared to the
Inside this issue:
December 2015 quarter. This follows revised
growth rates of 5.3% and 5.6% each in September
1
Introduction &
Overview
and December quarters of 2015, and the 10.9%,
% points contribu- 1-2 7.1% and 3.3% in March, June and September quartion to growth
ters of 2016.
GDP Levels
2-3
GDP Composition
2-3
12 Months Review
3
GDP Quarterly
performance
410
Background &
New Developments
11
Annex—GDP by
Industry main
tables
Chart 1 shows GDP at constant prices from December 2013 to December 2016 as well and the accompanied year-on-year (y-o-y) economic growth rates as
measured by their percentage change on the same
quarter of the previous year. According to the chart,
the economy has now recorded ten consecutive quarters of positive growth. March 2016 recorded a significantly high growth rate as a result of activities related
to the Samoa General Election which was held in that
period. In terms of aggregate value added, the $475.9
million recorded in December 2016 was the second
highest quarterly value added since the series began in
2007.
The increase in the overall level of economic activity
in the period under review was a result of a mix of
performances by the various sectors with the primary
and services sector being the main drivers behind the
increase.
Chart 2: Percentage-point contributions to GDP
growth by industry; Dec 2016 Quarter
Chart 1: Total GDP at constant prices & growth
rates, Dec 2013—Dec 2016.
Chart 2 illustrates the percentage-point contribution
of each industry to the overall growth of 2.8% in the
Overview cont’d
December 2016 quarter. Industries that made the largest contributions to the overall growth were Agriculture (1.3%), Personal & other services (1.0%), Other manufacturing (1.0%),
Financial services (0.7%), Business services (0.6%) and Fishing
(0.3%).
The notable performance by the Agriculture sector reflects
the ongoing commitment by government, the business community and individuals not only to revive agriculture production but also to promote food security in the country. The
sector recovered remarkably in the period recording a 20.6%
increase following ten consecutive quarters of negative
growths.
Personal & other services and Other manufacturing were the
second and third biggest contributors to growth with y-o-y
growth rates of 20.9% and 19.9% respectively. The outturn by
Personal & other services was driven by the increase in sporting activities, education, arts and recreation. Other manufacturing’s value added went up as a result of the increased production of locally made products such as tobacco and construction materials.
The increase in Financial services value added by 17.9% indicates the high demand for financial intermediation such as central banking, financial leasing, insurance and other activities
auxiliary to financial intermediation. The industry’s value added in the period was the highest quarterly level to be achieved
in the last nine years. Business services has now recorded
three consecutive quarters of positive growth, increasing by
24.7% on a y-o-y basis. Fishing industry went up by 8.3% when
compared to December 2015, but dropped by 16.6% when
compared to the previous quarter (September 2016).
negative growth since the -8.9% in March 2014. This was driven by the decrease in activities of travel agencies, cargo handling and storage & warehousing.
Commerce industry fell 1.0% following a 11.8% increase in the
previous quarter. Despite the industry's negative y-o-y performance, its value added was still high being the third highest
ever recorded by the industry. Public Administration dropped
by 3.9% following two consecutive quarters of negative
growths.
GDP at Current Prices (Nominal):
Gross Domestic Product for December 2016 quarter at
current market prices or nominal prices stood at $539.5 million. This was an increase of 5.1% compared to December
2016 quarter. This follows revised growth rates of 7.7%, 7.7%
and 5.3% in March, June and September of 2016 respectively.
Major contributors to this increase were Personal & other
services, Business services, Financial services, Commerce and
Public Administration with contributions between the range
of 0.3—1.0 percentage points in nominal terms. GDP per capita in the December 2016 quarter amounted to $2,768, increasing by 4.3% when compared to the December 2015
quarter.
Nominal GDP declined by 2.0% when compared to September 2016.
GDP Composition (in Current Prices):
Chart 3: Composition of GDP; December 2016 Quarter
However, industries that contracted in the period and contributed negatively to overall growth were Construction,
Communication, Transport, Commerce and Public Administration recording contributions of –0.9, -0.5, -0.4, -0.3 and –
0.3 percentage points respectively.
Construction continues to decline, registering a -8.1% in December 2016. This was consistent with the completion of
some of the major infrastructural and construction works
carried in the year 2015. Communication has now recorded
two consecutive quarters of negative performances due to
decreasing demand for communication services in the period.
Transport fell 7.5% in the December 2016 quarter, the first
Page 2
The industry composition of GDP at current market prices in
the December 2016 quarter is shown in Chart 3. The largest
sector was the Tertiary or the Services sector comprising a
G R O S S D O M E S T I C P R O D U CT
DE C E M B E R 2 0 1 6
Overview cont’d
total share of 57.7% of aggregate GDP, decreasing by 1.3%
compared to its share in December 2015. Secondary or
goods-producing sector remained the second largest with a
total share of 23.4%, declining by 1.1% compared to the same
period of the previous year. The decrease in the sector was
mainly driven by the poor performances by Construction,
Electricity & Water and Food & Beverage manufacturing,
dropping their shares by .9%, 0.8% and 0.2% respectively. It
should be noted however, that whilst the current price valueadded from the Electricity & Water declined, in terms of constant prices output increased by 2.5%, mainly due to the price
effects.
The Primary sector recorded a share of 11.0%, widening its
share by 2.6% compared to the December 2015 quarter, this
was consistent with the increases of 1.7% and 0.9% in Fishing
and Agriculture shares respectively. The Public Administration
sector produced a share of 7.9%, it went down by –0.1% over
the same period of 2015.
According to Chart 4 above, GDP has now recorded positive
growth four times in a row from 2013—2016 registering an
average annual growth rate of 2.8% over the four years. In the
year ended December 2012, aggregate GDP value added
dropped by 2.3%; this was the first negative yearly performance since the –4.1% in the year 2009 at the height of the
global economic crisis. The 5.8% in the year 2016 was the
highest annual increase since the series began in 2007.
The performance in the year ended December 2016 reflects
major events such as the General Election in March 2016
which generated economic activities in the economy as well as
the recovery noted in other industries. As a result, Commerce the biggest contributor to GDP was the highest contributor with a share of 2.7 percentage points to overall annual growth of 5.8%. Personal & Other services was the second
largest contributor with a 0.8 percentage points, followed by
Transport, Fishing and Financial Services with contributions of
0.5 percentage points each.
Chart 5: Percentage-point contributions to GDP growth by
industry; year ended December 2016
Twelve Months Review: (Jan16 - Dec 2016)
GDP for the year ended December 2016 (Jan 16- Dec 16) at
current market prices was $2,109 million. This was 6.4% higher than the total value added of $1,982.3 million recorded in
the year ended December 2015. At this level, GDP per capita
stood at $10,821, increasing by 5.6% from the year 2015.
At constant 2009 market prices, value added was $1,869.8
million, increasing by 5.8% compared to the year ended December 2015.
Chart 4: Percentage change over the previous year in constant
prices for the years ended December, 2012 - 2016.
Chart 5 above shows the percentage-point contribution of
each industry to the overall annual growth of 5.8% in the year
ended December 2016. Communication, Public Administration and Construction all recorded negative contributions of
0.1, 0.1 and 0.3 percentage points each in the year ended December 2016.
Page 3
G R O S S D O M E S T I C P R O D U CT
DE C E M B E R 2 0 1 6
Individual Industry Quarterly Performance
GDP Dec 2015
Quarter
GDP Sept 2016
Quarter
GDP Dec 2016
Quarter
31,617
42,042
42,244
0.5
33.6
30,007
32,100
36,203
12.8
20.6
Contribution to aggregate (y-o-y)
real growth rate: percentage points
-0.6
-0.1
1.3
Contribution to aggregate nominal
GDP: percent
6.2
7.6
7.8
AGRICULTURE
Value Added (current prices)
% change from % change from
Sept 2016 quar- Dec 2015 quarter (q-o-q)
ter (y-o-y)
WST (thousands)
Value added (constant 2009 prices)
WST (thousands)
Chart 6: Percentage change in Agriculture
real value added; Dec 2012– Dec 2016
Agriculture generated a total value added of $36.2 million in real terms in
the December 2016 Qtr, increasing by 20.6% compared to the December 2015 quarter. This ends ten consecutive quarters with negative
growth rates and representing the best y-o-y performance by the sector
since March 2014. The sector was the leading contributor to overall
quarterly GDP growth with a contribution of 1.3%, increasing its share to
aggregate GDP from 6.2% in December 2015 to 7.8% in December 2016.
The sector’s performance was in line with the notable increase in the
quantities of agricultural produce supplied to the markets and stalls
around the country compared to its corresponding quarter of 2015. Supplies for most of these major crops were either more than double or
triple their volumes reported in December 2016. Moreover, Taro exported in the period also went up 46.7%. These reflect the commitment
by everyone involved to develop agriculture production and to promote
food security.
GDP Dec 2015
Quarter
GDP Sept 2016
Quarter
GDP Dec 2016
Quarter
11,805
17,129
17,305
1.0
46.6
Value added (constant 2009 prices)
17,038
22,128
18,449
-16.6
8.3
Contribution to aggregate (y-o-y)
real growth rate: percentage points
1.0
-0.2
0.3
Contribution to aggregate nominal
GDP: percent
2.3
3.1
3.2
FISHING
Value Added (current prices)
% change from % change from
Sept 2016 quar- Dec 2015 quarter (q-o-q)
ter (y-o-y)
WST (thousands)
Chart 7: Percentage change in Fishing
real value added; Dec 2013– Dec 2016
Fishing value added amounted to $18.5 million at constant 2009 prices
for the December 2016 quarter. This was 8.3% higher than the $17.0
million produced in the same quarter of 2015. The industry contributed
a positive 0.3 percentage points to the overall quarterly growth of GDP
and having a share of 3.2% to total GDP.
The favorable performance by the industry was consistent with an increase in the export of fish by 48.3% to markets in USA, American Samoa etc (as reported by CBS). Also inshore landing (MAF survey) shows
that the quantity supplied at the markets within the country was 26.8%
higher than its volume supplied in December 2015.
ISSUE 13
Page 4
Individual Industry Quarterly Performance
GDP Dec 2015
Quarter
GDP Sept 2016
Quarter
GDP Dec 2016
Quarter
22,251
21,291
22,489
5.6
1.1
17,241
17,177
18,637
8.5
8.1
Contribution to aggregate (y-o-y)
real growth rate: percentage points
0.5
0.2
0.3
Contribution to aggregate nominal
GDP: percent
4.3
3.9
4.2
FOOD & BEVERAGE
MANUFACTURING
Value Added (current prices)
% change from % change from
Sept 2016 quar- Dec 2015 quarter (q-o-q)
ter (y-o-y)
WST (thousands)
Value added (constant 2009 prices)
WST (thousands)
Chart 8: Food & Beverage Manufacturing
quarterly value added at constant prices &
% change over the same period of the previous year; Dec 201– Dec 2016
Food and Beverage Manufacturing contributed a total value added of
$18.6 million in real terms, increasing by 8.1% compared to the December 2015 quarter. This industry has now recorded six consecutive quarters of positive growths.
The positive outturn of the industry reflects the increased production of
some of its major products such as soft drinks, which more than double
its volume produced in December 2015 (up by 221.3%). Export of manufactured food also went up by 13.3% over its corresponding quarter
last year. Employment in the industry recorded a notable increase of
29.4%.
GDP Dec 2015
Quarter
GDP Sept 2016
Quarter
GDP Dec 2016
Quarter
27,928
34,820
33,496
-3.8
19.9
24,423
30,737
28,945
-5.8
18.5
Contribution to aggregate (y-o-y)
real growth rate: percentage points
-0.2
0.2
1.0
Contribution to aggregate nominal
GDP: percent
5.4
6.3
6.2
OTHER
MANUFACTURING
Value Added (current prices)
% change from % change from
Sept 2016 quar- Dec 2015 quarter (q-o-q)
ter (y-o-y)
WST (thousands)
Value added (constant 2009 prices)
WST (thousands)
Chart 9: Contribution to change in Other
Manufacturing real value added; Dec
2013– Dec 2016
Other Manufacturing generated a total value added of $28.9 million at
constant 2009 prices in the period under review. It went up by 18.5%
compared to the same quarter of 2015. The industry was the second
largest positive contributor to the overall quarterly GDP growth with a
recorded contribution of 1.0 percentage points. It also managed to
steal 6.2% share of total GDP.
The performance by the industry was apparent of the increased production of locally made products such as tobacco and construction materials.
ISSUE 13
Page 5
Individual Industry Quarterly Performance
GDP Dec 2015
Quarter
GDP Sept 2016
Quarter
GDP Dec 2016
Quarter
55,661
50,052
53,506
6.9
-3.9
53,673
46,794
49,306
5.4
-8.1
Contribution to aggregate (y-o-y)
real growth rate: percentage points
2.4
-1.3
-0.9
Contribution to aggregate nominal
GDP: percent
10.8
9.1
9.9
CONSTRUCTION
Value Added (current prices)
% change from % change from
Sept 2016 quar- Dec 2015 quarter (q-o-q)
ter (y-o-y)
WST (thousands)
Value added (constant 2009 prices)
WST (thousands)
Chart 10: Construction quarterly value
added at constant prices & % change over
the same period of the previous year; Dec
2013– Dec 2016
In real terms, Construction was down by 8.1% on a year on year basis,
registering a total value added of $49.3 million in the reviewed period.
This was the third consecutive quarter of negative performances by the
industry.
It contributed a negative 0.9 percentage points to overall quarterly
growth of GDP. The performance in the December 2016 quarter was
evident of the completion of the numerous infrastructural and construction works carried out in the year 2015.
GDP Dec 2015
Quarter
GDP Sept 2016
Quarter
GDP Dec 2016
Quarter
20,099
18,166
16,670
-8.2
-17.1
17,403
18,965
17,907
-5.6
2.9
Contribution to aggregate (y-o-y)
real growth rate: percentage points
-0.5
0.4
0.1
Contribution to aggregate nominal
GDP: percent
3.9
ELECTRICITY AND
WATER
Value Added (current prices)
% change from % change from
Sept 2016 quar- Dec 2015 quarter (q-o-q)
ter (y-o-y)
WST (thousands)
Value added (constant 2009 prices)
WST (thousands)
3.3
3.1
Chart 11: Contribution to change in GDP
at constant 2009 prices, Dec 2013– Dec
2016
As it stood, Electricity and Water industry registered a value added of
$17.9 million at constant 2009 prices in December 2016. This was an
increase of 2.9% compared to the corresponding period of 2015.
The favorable performance by the industry was in line with an increase
in the production of electricity by 10.5% compared to its production in
the same quarter of 2015. This positive growth was a combination of the
electricity produced by Diesel and Solar which both recorded respective
increases of 12.7% and 55.2%. The industry also managed to take out a
share of 3.1.% of total GDP.
ISSUE 13
Page 6
Individual Industry Quarterly Performance
GDP Dec 2015
Quarter
GDP Sept 2016
Quarter
GDP Dec 2016
Quarter
165,214
173,551
167,022
-3.8
1.1
150,184
156,166
148,728
-4.8
-1.0
Contribution to aggregate (y-o-y)
real growth rate: percentage points
2.7
3.5
-0.3
Contribution to aggregate nominal
GDP: percent
32.2
COMMERCE
Value Added (current prices)
% change from % change from
Sept 2016 quar- Dec 2015 quarter (q-o-q)
ter (y-o-y)
WST (thousands)
Value added (constant 2009 prices)
WST (thousands)
31.5
31.0
Chart 12: Commerce quarterly real value
added & % change over the same period of
the previous year; Dec 2013– Dec 2016
The Commerce industry recorded a real value added of $148.7 million in
the reviewed period, decreasing by 1.0% over the December 2015 quarter. The industry was also one of the negative contributors to the overall quarterly change with a –0.3 percentage points contribution to overall
growth. Its share to total GDP was 31.0%.
The negative y-o-y performance by the industry correlates with a 15.4%
decline in VAGST collected in period. However, this was expected considering the rise in wholesaling and retailing activities in December 2015
partly due to preparations for the Election in March 2016. Despite the
industry's negative y-o-y performance, its value added was still high being
the third highest ever recorded by the industry.
GDP Dec 2015
Quarter
GDP Sept 2016
Quarter
GDP Dec 2016
Quarter
Value Added (current prices)
10,466
12,896
10,910
-15.4
4.2
Value added (constant 2009 prices)
9,402
11,577
9,708
-16.1
3.3
Contribution to aggregate (y-o-y)
real growth rate: percentage points
0.5
-0.2
0.1
Contribution to aggregate nominal
GDP: percent
2.0
2.3
2.0
ACCOMMODATION AND
RESTAURANTS
% change from % change from
Sept 2016 quar- Dec 2015 quarter (q-o-q)
ter (y-o-y)
WST (thousands)
Chart 13: Accommodation & Restaurants,
percentage change in real value added over
the same period of the previous year; Dec
2013– Dec 2016
Accommodation and Restaurants registered a total value-added of $9.7
million at constant 2009 prices, an increase of 3.3% compared to December 2015. When compared to the September 2016 quarter, total
value-added decreased significantly by 16.1%. This reflects the high valueadded recorded by the industry in the previous quarter which was mainly influenced by the Teuila Festival in that period. The increase in the yo-y performance reflects an upturn in visitors coming over for businesses, sports and other purposes apart from visiting families and friends and
for holiday. This was expected given the continuous expansion and improved accommodation facilities and services offered to all those that
utilize such services.
Page 7
ISSUE 13
Individual Industry Quarterly Performance
GDP Dec 2015
Quarter
GDP Sept 2016
Quarter
GDP Dec 2016
Quarter
25,082
29,370
24,080
13.5
-4.0
22,386
25,734
20,697
-19.6
-7.5
Contribution to aggregate (y-o-y)
real growth rate: percentage points
0.4
0.4
-0.4
Contribution to aggregate nominal
GDP: percent
4.9
TRANSPORT
Value Added (current prices)
% change from % change from
Sept 2016 quar- Dec 2015 quarter (q-o-q)
ter (y-o-y)
WST (thousands)
Value added (constant 2009 prices)
WST (thousands)
5.3
4.5
Chart 14: Transport quarterly growth rates
with total value added at constant 2009
prices, Dec 2013– Dec 2016
The value added of the Transport industry at constant 2009 prices
stood at $20.7 million for the period under review, decreasing by 7.5%
over December 2015. This was translated into a contribution of negative 0.4 percentage points to the overall GDP growth. The poor performance by the industry was driven by the decline in activities of travel
agencies, cargo handling and storage & warehousing. This was the first
negative y-o-y performance by the industry following ten consecutive
quarters of positive growths.
GDP Dec 2015
Quarter
GDP Sept 2016
Quarter
GDP Dec 2016
Quarter
23,264
20,259
20,905
-14.6
-10.1
19,312
16,969
17,118
-13.4
-11.4
Contribution to aggregate (y-o-y)
real growth rate: percentage points
0.0
-0.6
-0.5
Contribution to aggregate nominal
GDP: percent
4.5
COMMUNICATION
Value Added (current prices)
% change from % change from
Sept 2016 quar- Dec 2015 quarter (q-o-q)
ter (y-o-y)
WST (thousands)
Value added (constant 2009 prices)
WST (thousands)
3.7
3.9
Chart 15: Communication percentage
change in real GDP from the same quarter
of the previous year, Dec 2013– Dec 2016
Real value added by the Communication industry stood at $17,1 million,
dropping by 11.4% compared to the December 2016 quarter. The industry was the second largest negative contributor to real GDP growth,
contributing a –0.5 percentage points. When compared to the September 2016 quarter, the industry further declined by 13.4%. The current
quarter was the second lowest ever recorded since June 2014 when it
recorded a value added at constant prices of $15.2 million.
ISSUE 13
Page 8
Individual Industry Quarterly Performance
GDP Dec 2015
Quarter
GDP Sept 2016
Quarter
GDP Dec 2016
Quarter
11,044
15,239
13,704
0.3
24.1
10,852
15,456
13,536
0.2
24.7
Contribution to aggregate (y-o-y)
real growth rate: percentage points
-0.9
0.2
0.6
Contribution to aggregate nominal
GDP: percent
2.2
2.8
2.5
BUSINESS
SERVICES
Value Added (current prices)
% change from % change from
Sept 2016 quar- Dec 2015 quarter (q-o-q)
ter (y-o-y)
WST (thousands)
Value added (constant 2009 prices)
WST (thousands)
Chart 18: Business Services, % change in
value-added at constant 2009 prices from
Dec 2013– Dec 2016
In December 2016, the industry contributed a positive 0.6 percentage
points to total GDP. Value added at constant prices stood at $13.5 million increasing by 24.7% compared to December 2015 and again went
up by 0.2% when compared to September 2016. The y-o-y performance
was reflective of the growing number of high value added professional
services such as legal and accountancy firms, business management consultancy, real estates and other professional services becoming available
in the country, and the increasing demand for such services.
GDP Dec 2015
Quarter
GDP Sept 2016
Quarter
GDP Dec 2016
Quarter
24,626
26,525
29,877
1.2
21.3
22,166
26,610
26,795
0.7
20.9
Contribution to aggregate (y-o-y)
real growth rate: percentage points
0.4
0.6
1.0
Contribution to aggregate nominal
GDP: percent
4.8
PERSONAL & OTHER
SERVICES
Value Added (current prices)
% change from % change from
Sept 2016 quar- Dec 2015 quarter (q-o-q)
ter (y-o-y)
WST (thousands)
Value added (constant 2009 prices)
WST (thousands)
5.4
5.5
Chart 19: Personal & Other Services quarterly value added at constant prices & %
change over the same period of the previous year; Dec 2013– Dec 2016
Personal & Other Services recorded a total value-added of $26.7 million
in real terms. On a year on year basis, industry’s outturn grew by
20.9% compared to its value added in December 2015 quarter. The
industry contributed a 1.0 percentage points to the overall performance.
This was mainly driven by the increase in sporting activities, education,
arts and recreation. Personal & other services have continued to contribute significantly to the Samoan economy as a result of economic
structural changes together with the change in people’s lifestyle.
ISSUE 13
Page 9
Individual Industry Quarterly Performance
GDP Dec 2015
Quarter
GDP Sept 2016
Quarter
GDP Dec 2016
Quarter
41,180
41,432
42,594
2.2
3.4
33,197
32,213
31,908
-2.8
-3.9
Contribution to aggregate (y-o-y)
real growth rate: percentage points
0.2
-0.2
-0.3
Contribution to aggregate nominal
GDP: percent
8.0
PUBLIC
ADMINISTRATION
Value Added (current prices)
% change from % change from
Sept 2016 quar- Dec 2015 quarter (q-o-q)
ter (y-o-y)
WST (thousands)
Value added (constant 2009 prices)
WST (thousands)
7.5
7.9
Chart 16: Contribution to % change in
Public Administration real value added
from the same quarter of the previous year,
Dec 2013– Dec 2016
In nominal terms, the industry recorded a total value added of $42.6
million, registering a 3.4% increase over the same period of last year.
Public Administration generated a total value added of $31.9 million in
constant 2009 prices for the period under review; this was down by
3.9% compared to the December 2015 quarter. As a result, the industry
contributed a negative 0.3 percentage points to the overall quarterly
growth rate.
GDP Dec 2015
Quarter
GDP Sept 2016
Quarter
GDP Dec 2016
Quarter
24,351
26,901
26,464
-1.8
8.5
17,226
19,964
20,317
1.6
17.7
Contribution to aggregate (y-o-y)
real growth rate: percentage points
-0.2
0.5
0.7
Contribution to aggregate nominal
GDP: percent
4.7
4.9
4.9
FINANCIAL
SERVICES
Value Added (current prices)
% change from % change from
Sept 2016 quar- Dec 2015 quarter (q-o-q)
ter (y-o-y)
WST (thousands)
Value added (constant 2009 prices)
WST (thousands)
Chart 17: Financial Services value added
at constant prices & % change over the
same period of the previous year; Dec
2013– Dec 2016
Finance Services value added increased by 17.7% in real terms compared
to the same period of 2015. The increase was equivalent to an additional $3.1 million in aggregate value–added. Total value added for the period under review stood at $20.3 million. The industry recorded a 0.7
percentage-points contribution to change and accounted for a 4.9%
share of total GDP. The continuous growth and development in the
industry is reflected in the forth consecutive quarters of positive performance. This was primarily due to the increased in activities auxiliary to
financial intermediation in the period. This was also inline with the 40%
increased in employment compared to the same quarter of 2015.
ISSUE 13
Page 10
NATIONAL ACCOUNTS REVISIONS & NEW DEVELOPMENTS
INTRODUCTION
The compilation of national accounts statistics is a dynamic process, and therefore needs to adapt to reflect a variety of measures
and indicators consistent with developments and structural changes
in the economy over a period of time. It is therefore expected that
revisions and updates are made to the historical series on a quarterly or annual basis as new data sources are brought into the
model and as various benchmarks and assumptions are validated
and updated.
This quarterly report is the thirteenth release of the new quarterly
series of GDP estimates at constant 2009 prices. This report is an
ongoing publication and can also be downloaded from our website
www.sbs.gov.ws.
REVISIONS
This update incorporates revisions to estimates of value-added for
all quarters of 2016 and two quarters of 2015, September and
December. Incorporation of the latest available VAGST and employment data for the related periods attributed to the change expected at the end of every year. The revisions started from the
September 2015 quarter to the September 2016 quarter and this
publication provides the revised numbers for all the industries that
are affected by this change.
GDP per capita have been revised to reflect the latest intercensal
estimates as published by the Bureau, however, the estimates for
the year 2012 onwards are subject to revisions pending the final
population count for the year 2016 in August 2017.
Please note that the quarterly GDP estimates for some industries in
the December 2016 quarter are subject to revisions and may
change in the next publication, when actual numbers become available from the sources.
ABOUT GROSS DOEMSTIC PRODUCT
Gross domestic product (GDP) is Samoa’s official measure of economic growth. GDP is compiled and published using the production approach, this approach measures the total value of goods
and services produced in Samoa, after de-ducting the cost of goods
and services used in the production process. This is also known as
the value-added approach.
Broad industry groups: The GDP tables attached to this report
follows the broad groupings based on the International Standard
Industry Classification (ISIC), Revision 3.1. Classification of economic
activity is important in the determination of the extent and nature
of the information collected and the quality of the data compiled.

primary industries (agriculture and fishing)

secondary or goods-producing industries (manufacturing, construction, electricity & water);

tertiary or service industries (wholesale trade; retail trade and
accommodation; transport, postal, and warehousing; information media and telecommunications; finance and insurance
services; rental, hiring, and real estate services; professional,
scientific, technical, administrative, and support services; public
administration and safety; education and training; health care
and social assistance; arts, recreation, and other services).
NEW DEVELOPMENT
Rebasing
The rebasing of the whole national accounts estimates will take
place this year, so further revisions are to be expected once the
Rebasing takes place. This will incorporate the latest available information from the year 2013 such as the Household Income and
Expenditure Survey, the Business Activity Survey and other benchmark information. Initial work has already been conducted to ensure a smooth transition in the Rebasing Period.
SBS Vision:
“To strengthen Statistical services for
the development of
Samoa”
National Accounts & Finance Statistics Division
FMFM II Building, Level 2 PO Box 1151
Apia, Samoa
Phone: (685) 62006 / 29326
Fax: (685) 24675
E-mail: [email protected]
Table 1(a): GDP by Industry – Current Prices
Agriculture
Fishing
Food &
Beverages
manufac
turing
2012
128,605
44,982
69,128
131,088
2013
140,920
40,360
71,590
2014
122,151
57,630
2015
128,594
57,619
2016
160,383
61,304
Other manufac
Construction
turing
Accommodati
on &
Restaurants
Electricity and
water
Commerce
202,051
79,450
561,173
35,749
130,037
206,840
77,008
602,792
25,970
76,990
117,556
196,798
93,967
622,868
77,294
119,643
205,051
83,165
610,212
82,407
124,166
203,799
75,656
654,279
Ownership of Personal and
dwellings
other services
Less:
Total Value added
Enterprise
at market prices
share of FISIM
Communication
Public adminis
tration
Financial
Services
Business
Services
70,745
66,340
140,278
65,600
64,629
101,863
93,096
-20,800
1,833,977
59,733
74,156
139,284
76,004
54,805
104,490
79,417
-24,099
1,859,306
29,990
75,107
73,387
147,045
72,548
60,128
105,995
92,573
-23,003
1,921,730
38,334
94,461
92,623
159,970
81,727
52,970
106,867
99,687
-25,913
1,982,303
41,789
104,303
91,907
167,125
97,347
54,582
106,471
114,336
-30,866
2,108,986
Transport
Annual (000's Tala)
Quarterly (000's Tala)
Dec-12
28,887
12,625
14,966
31,866
50,594
20,759
147,306
10,162
12,639
18,871
33,911
15,800
14,854
25,736
20,361
-5,010
454,327
Mar-13
38,373
7,949
17,503
30,504
45,808
19,686
148,641
4,994
15,367
18,562
34,343
17,679
13,474
25,982
19,190
-5,606
452,449
Jun-13
36,400
8,829
17,561
33,759
48,173
18,975
150,195
6,297
14,383
17,901
34,676
18,046
12,868
26,043
20,577
-5,722
458,960
Sep-13
35,954
12,550
17,660
34,216
55,764
19,269
153,367
6,259
15,490
19,069
35,139
20,149
14,516
26,210
20,927
-6,389
480,150
Dec-13
30,194
11,032
18,866
31,557
57,095
19,078
150,589
8,421
14,493
18,624
35,126
20,130
13,947
26,255
18,722
-6,383
467,746
Mar-14
33,282
8,073
18,743
28,665
54,375
20,649
151,357
5,211
14,350
14,527
35,745
16,964
13,733
26,160
19,636
-5,379
456,092
Jun-14
28,957
15,966
18,699
29,429
48,499
23,061
146,407
7,147
15,911
16,933
36,803
15,294
13,923
26,020
24,230
-4,849
462,431
Sep-14
29,944
18,947
19,587
29,622
48,259
24,677
165,858
9,139
20,537
19,704
36,955
18,145
16,096
26,462
25,171
-5,753
503,350
Dec-14
29,968
14,644
19,961
29,840
45,664
25,580
159,245
8,494
24,309
22,223
37,542
22,146
16,376
27,352
23,535
-7,022
499,857
Mar-15
33,975
12,057
18,177
26,337
47,685
23,243
146,781
5,668
22,692
21,157
38,498
17,740
14,722
27,130
23,727
-5,625
473,963
Jun-15
30,512
15,535
15,495
31,479
47,012
20,157
142,712
8,173
19,912
24,484
39,734
17,492
12,838
26,932
24,850
-5,546
471,770
Sep-15
32,490
18,221
21,371
33,899
54,694
19,666
155,506
14,027
26,774
23,718
40,557
22,144
14,367
26,297
26,485
-7,021
523,194
Dec-15
31,617
11,805
22,251
27,928
55,661
20,099
165,214
10,466
25,082
23,264
41,180
24,351
11,044
26,509
24,626
-7,721
513,376
Mar-16
36,116
13,572
19,676
25,851
54,022
22,076
158,346
7,976
24,986
24,921
42,284
22,097
13,041
26,611
25,943
-7,006
510,513
Jun-16
39,981
13,298
18,950
29,999
46,219
18,743
155,360
10,006
25,867
25,823
40,815
21,885
12,597
26,621
28,991
-6,939
508,216
Sep-16
®42,042
17,129
®21,291
®34,820
®50,052
®18,166
®173,551
®12,896
®29,370
®20,259
41,432
26,901
®15,239
®26,575
®29,525
-8,530
550,718
Dec-16 (*)
42,244
17,305
22,489
33,496
53,506
16,670
167,022
10,910
24,080
20,905
42,594
26,464
13,704
26,663
29,877
-8,391
539,538
®Revised figures
(*)Estimates for the Dec 2016 quarter are provisional pending the availability of revised numbers from the source data.
Table 1(b): GDP by Industry – Constant prices
Agriculture
Fishing
Food &
Beverages
manufac
turing
Other
manufac
turing
Construction
Electricity
and water
Commerce
Accommodati
on &
Restaurants
Transport
Communication
Public
adminis
tration
Financial
Services
Business
Services
Ownership of
dwellings
Personal and
other
services
Less:
Enterprise
share of
FISIM
Total Value
added at
market prices
Implicit Price
Deflator
Annual (000's Tala)
2012
126,899
33,538
59,745
117,312
192,216
62,697
510,479
33,230
65,716
62,026
130,332
58,679
62,786
93,612
85,304
-18,606
1,675,964
109
2013
145,520
29,204
60,427
115,052
195,316
61,564
537,488
23,788
55,004
69,515
129,216
68,036
51,056
94,205
71,277
-21,572
1,685,096
110
2014
137,441
39,150
61,553
102,087
187,420
73,155
553,472
27,541
65,562
64,938
129,550
62,870
54,513
94,802
82,506
-19,934
1,716,626
112
2015
124,830
61,650
®59,238
®103,921
197,909
69,459
542,460
34,259
82,592
78,121
132,829
65,074
51,316
95,402
88,626
-20,633
®1,767,052
112
2016
127,938
70,498
65,822
109,025
192,199
73,860
589,464
37,642
92,067
76,837
130,840
73,682
54,440
96,005
102,877
-23,362
1,869,835
113
Quarterly (000's Tala)
Dec-12
32,700
9,690
13,205
28,537
47,773
16,505
133,153
9,351
11,710
17,645
31,109
14,430
14,078
23,459
18,500
-4,575
417,270
109
Mar-13
31,491
4,430
15,096
27,316
43,357
15,791
133,253
4,627
14,227
17,574
31,581
16,009
12,915
23,496
17,291
-5,076
403,377
112
Jun-13
36,472
6,841
14,991
30,186
45,750
15,205
134,239
5,811
13,328
16,818
32,921
16,503
12,310
23,533
18,517
-5,233
418,192
110
Sep-13
38,946
9,628
14,760
30,027
52,513
15,432
135,579
5,688
14,239
17,783
31,738
17,822
13,514
23,570
18,694
-5,651
434,282
111
Dec-13
38,611
8,305
15,580
27,523
53,696
15,136
134,417
7,662
13,210
17,341
32,977
17,701
12,317
23,607
16,774
-5,613
429,245
109
Mar-14
37,032
3,704
15,404
25,155
51,639
16,313
135,221
4,872
12,957
13,310
31,524
14,067
12,432
23,644
17,662
-4,460
410,477
111
Jun-14
32,267
9,800
15,317
25,958
46,472
17,962
132,333
6,781
14,200
15,160
33,159
13,578
12,597
23,682
21,972
-4,305
416,932
111
Sep-14
35,481
13,017
15,578
25,731
46,004
19,095
147,507
8,464
17,885
17,211
32,346
16,961
14,901
23,719
22,464
-5,378
450,988
112
Dec-14
32,662
12,630
15,255
25,243
43,304
19,786
138,410
7,424
20,519
19,257
32,520
18,263
14,583
23,757
20,407
-5,791
438,229
114
Mar-15
32,109
7,522
13,880
22,564
45,757
18,180
126,828
4,965
19,316
18,373
33,106
14,892
13,714
23,794
20,691
-4,722
410,968
115
Jun-15
30,041
14,234
11,752
27,266
45,500
16,627
125,804
7,186
17,255
20,832
33,381
15,150
12,435
23,832
21,903
-4,804
418,394
113
Sep-15
32,673
22,856
®16,365
®29,667
52,979
17,249
139,644
12,706
23,635
19,605
33,145
17,806
14,316
23,869
23,866
-5,646
®474,734
110
Dec-15
30,007
17,038
®17,241
®24,423
53,673
17,403
150,184
9,402
22,386
19,312
33,197
17,226
10,852
23,907
22,166
-5,462
®462,956
111
Mar-16
30,862
15,887
®15,229
®22,856
®51,982
®19,179
®143,626
®7,243
22,426
®20,992
33,989
®16,522
®12,896
23,945
®23,350
®-5,239
®455,745
112
Jun-16
28,773
®14,034
®14,779
®26,488
®44,117
®17,809
®140,944
®9,114
®23,210
®21,758
32,730
®16,879
®12,553
23,982
®26,121
®-5,352
®447,938
113
Sep-16
®32,100
22,128
®17,177
®30,737
®46,794
®18,965
®156,165
®11,577
®25,734
®16,969
®32,213
®19,964
®15,456
24,020
®26,610
®-6,330
®490,281
112
Dec-16 (*)
36,203
18,449
18,637
28,945
49,306
17,907
148,728
9,708
20,697
17,118
31,908
20,317
13,536
24,058
26,795
-6,442
475,870
113
®Revised figures
(*)Estimates for the Dec 2016 quarter are provisional pending the availability of revised numbers from the source data.
Table 2(a): GDP by Industry - Percentage change from same quarter of previous year - Current Prices
Agriculture
Fishing
Food &
Beverages
manufac
turing
Other manufac
Construction
turing
Electricity and
water
Commerce
Accommodati
on &
Restaurants
Transport
Communication
Public adminis
tration
Financial
Services
Business
Services
Ownership of
dwellings
Personal and
other services
Less:
Enterprise
share of FISIM
Total Value
added at market
prices
Annual (000's Tala)
2012
1.2
-14.3
2.2
1.3
-2.2
6.1
1.3
-1.0
-5.6
-13.9
9.0
6.1
6.6
2.8
-0.3
6.1
0.5
2013
9.6
-10.3
3.6
-0.8
2.4
-3.1
7.4
-27.4
-15.6
11.8
-0.7
15.9
-15.2
2.6
-14.7
15.9
1.4
2014
-13.3
42.8
7.5
-9.6
-4.9
22.0
3.3
15.5
25.7
-1.0
5.6
-4.5
9.7
1.4
16.6
-4.5
3.4
2015
5.3
0.0
0.4
1.8
4.2
-11.5
-2.0
27.8
25.8
26.2
8.8
12.7
-11.9
0.8
7.7
12.7
3.2
2016
24.7
6.4
6.6
3.8
-0.6
-9.0
7.2
9.0
10.4
-0.8
4.5
19.1
3.0
-0.4
14.7
19.1
6.4
Quarterly (000's Tala)
Dec-12
-0.9
4.9
-21.2
0.3
-5.3
7.3
0.1
-11.1
-37.2
0.5
5.0
-1.2
-8.8
2.7
-16.9
-1.2
-3.6
Mar-13
17.1
-23.1
-7.7
-1.7
-15.3
8.5
12.7
-13.1
-30.3
33.3
-0.8
20.7
-16.7
2.9
-19.7
20.7
0.8
Jun-13
1.7
2.9
-4.6
1.4
-0.8
-3.8
8.4
-32.2
-22.4
26.3
-2.2
9.1
-17.3
2.4
-17.7
9.1
0.3
Sep-13
15.5
-6.6
5.1
-1.9
14.2
-7.5
6.9
-40.7
-11.7
-1.5
-3.2
8.2
-19.5
3.0
-12.3
8.2
1.5
Dec-13
4.5
-12.6
26.1
-1.0
12.8
-8.1
2.2
-17.1
14.7
-1.3
3.6
27.4
-6.1
2.0
-8.0
27.4
3.0
Mar-14
-13.3
1.6
7.1
-6.0
18.7
4.9
1.8
4.3
-6.6
-21.7
4.1
-4.0
1.9
0.7
2.3
-4.0
0.8
Jun-14
-20.4
80.8
6.5
-12.8
0.7
21.5
-2.5
13.5
10.6
-5.4
6.1
-15.2
8.2
-0.1
17.8
-15.2
0.8
Sep-14
-16.7
51.0
10.9
-13.4
-13.5
28.1
8.1
46.0
32.6
3.3
5.2
-9.9
10.9
1.0
20.3
-9.9
4.8
Dec-14
-0.7
32.7
5.8
-5.4
-20.0
34.1
5.7
0.9
67.7
19.3
6.9
10.0
17.4
4.2
25.7
10.0
6.9
Mar-15
2.1
49.4
-3.0
-8.1
-12.3
12.6
-3.0
8.8
58.1
45.6
7.7
4.6
7.2
3.7
20.8
4.6
3.9
Jun-15
5.4
-2.7
-17.1
7.0
-3.1
-12.6
-2.5
14.4
25.1
44.6
8.0
14.4
-7.8
3.5
2.6
14.4
2.0
Sep-15
8.5
-3.8
9.1
14.4
13.3
-20.3
-6.2
53.5
30.4
20.4
9.7
22.0
-10.7
-0.6
5.2
22.0
3.9
Dec-15
5.5
-19.4
11.5
-6.4
21.9
-21.4
3.7
23.2
3.2
4.7
9.7
10.0
-32.6
-3.1
4.6
10.0
2.7
Mar-16
6.3
12.6
8.3
-1.8
13.3
-5.0
7.9
40.7
10.1
17.8
9.8
24.6
-11.4
-1.9
9.3
24.6
7.7
Jun-16
31.0
-14.4
22.3
-4.7
-1.7
-7.0
8.9
22.4
29.9
5.5
2.7
25.1
-1.9
-1.2
16.7
25.1
7.7
Sep-16
29.4
-6.0
-0.4
2.7
-8.5
-7.6
11.6
-8.1
9.7
-14.6
2.2
21.5
6.1
1.1
11.5
21.5
5.3
Dec-16
33.6
46.6
1.1
19.9
-3.9
-17.1
1.1
4.2
-4.0
-10.1
3.4
8.7
24.1
0.6
21.3
8.7
5.1
Source: Samoa Bureau of Statistics
Table 2(b): GDP by Industry - Percentage change from same quarter of previous year - Constant Prices
Agriculture
Fishing
Food &
Beverages
manufac
turing
Other manufac
Construction
turing
Electricity and
water
Commerce
Accommodati
on &
Restaurants
Transport
Communication
Public adminis
tration
Financial
Services
Business
Services
Ownership of
dwellings
Personal and
other services
Less:
Enterprise
share of FISIM
Total Value
added at market
prices
Annual (000's Tala)
2012
-8.6
-25.0
0.3
-0.6
-3.5
4.4
-1.5
-4.2
-7.7
-13.5
6.4
5.8
9.6
0.6
-2.5
-2.3
-2.3
2013
14.7
-12.9
1.1
-1.9
1.6
-1.8
5.3
-28.4
-16.3
12.1
-0.9
15.9
-18.7
0.6
-16.4
0.5
0.5
2014
-5.6
34.1
1.9
-11.3
-4.0
18.8
3.0
15.8
19.2
-6.6
0.3
-7.6
6.8
0.6
15.8
1.9
1.9
2015
-9.2
57.5
-3.8
1.8
5.6
-5.1
-2.0
24.4
26.0
20.3
2.5
3.5
-5.9
0.6
7.4
2.9
2.9
2016
2.5
14.4
11.1
4.9
-2.9
6.3
8.7
9.9
11.5
-1.6
-1.5
13.2
6.1
0.6
16.1
5.8
5.8
Quarterly (000's Tala)
Dec-12
5.1
-17.5
-20.2
0.0
-6.4
7.6
-2.2
-14.0
-37.8
1.9
3.9
2.3
-10.4
0.6
-18.7
2.3
-4.9
Mar-13
3.5
-42.8
-7.0
-1.5
-15.9
10.8
10.0
-14.9
-30.8
33.8
-5.4
24.9
-18.8
0.6
-21.6
24.9
-2.0
Jun-13
13.2
2.9
-3.5
1.3
-1.4
-1.8
6.7
-33.0
-22.5
27.4
1.6
13.0
-19.1
0.6
-19.1
13.0
0.8
Sep-13
23.5
1.9
-0.1
-3.9
13.0
-6.2
4.0
-41.8
-12.4
-1.5
-5.1
5.9
-23.1
0.6
-14.5
5.9
0.5
Dec-13
18.1
-14.3
18.0
-3.6
12.4
-8.3
0.9
-18.1
12.8
-1.7
6.0
22.7
-12.5
0.6
-9.3
22.7
2.9
Mar-14
17.6
-16.4
2.0
-7.9
19.1
3.3
1.5
5.3
-8.9
-24.3
-0.2
-12.1
-3.7
0.6
2.1
-12.1
1.8
Jun-14
-11.5
43.2
2.2
-14.0
1.6
18.1
-1.4
16.7
6.5
-9.9
0.7
-17.7
2.3
0.6
18.7
-17.7
-0.3
Sep-14
-8.9
35.2
5.5
-14.3
-12.4
23.7
8.8
48.8
25.6
-3.2
1.9
-4.8
10.3
0.6
20.2
-4.8
3.8
Dec-14
-15.4
52.1
-2.1
-8.3
-19.4
30.7
3.0
-3.1
55.3
11.1
-1.4
3.2
18.4
0.6
21.7
3.2
2.1
Mar-15
-13.3
103.1
-9.9
-10.3
-11.4
11.4
-6.2
1.9
49.1
38.0
5.0
5.9
10.3
0.6
17.2
5.9
0.1
Jun-15
-6.9
45.2
-23.3
5.0
-2.1
-7.4
-4.9
6.0
21.5
37.4
0.7
11.6
-1.3
0.6
-0.3
11.6
0.4
Sep-15
-7.9
75.6
5.1
15.3
15.2
-9.7
-5.3
50.1
32.1
13.9
2.5
5.0
-3.9
0.6
6.2
5.0
5.3
Dec-15
-8.1
34.9
13.0
-3.2
23.9
-12.0
8.5
26.7
9.1
0.3
2.1
-5.7
-25.6
0.6
8.6
-5.7
5.6
Mar-16
-3.9
111.2
9.7
1.3
13.6
5.5
13.2
45.9
16.1
14.3
2.7
10.9
-6.0
0.6
12.9
10.9
10.9
Jun-16
-4.2
-1.4
25.8
-2.9
-3.0
7.1
12.0
26.8
34.5
4.4
-2.0
11.4
0.9
0.6
19.3
11.4
7.1
Sep-16
-1.8
-3.2
5.0
3.6
-11.7
10.0
11.8
-8.9
8.9
-13.4
-2.8
12.1
8.0
0.6
11.5
12.1
3.3
Dec-16
20.6
8.3
8.1
18.5
-8.1
2.9
-1.0
3.3
-7.5
-11.4
-3.9
17.9
24.7
0.6
20.9
17.9
2.8
Source: Samoa Bureau of Statistics
Table 3(a): GDP by Industry - Percentage contributions to change in GDP - Current Prices
Agriculture
Fishing
Food &
Beverages
manufac
turing
Other manufac
Construction
turing
Electricity and
water
Commerce
Accommodation
& Restaurants
Transport
Communication
Public adminis
tration
Financial
Services
Business
Services
Ownership of
dwellings
Personal and
other services
Less:
Enterprise
share of FISIM
Total Value
added at market
prices
Annual (000's Tala)
2012
0.1
-0.4
0.1
0.1
-0.3
0.3
0.4
0.0
-0.2
-0.6
0.6
0.2
0.2
0.2
0.0
-0.1
0.5
2013
0.7
-0.3
0.1
-0.1
0.3
-0.1
2.3
-0.5
-0.6
0.4
-0.1
0.6
-0.5
0.1
-0.7
-0.2
1.4
2014
-1.0
0.9
0.3
-0.7
-0.5
0.9
1.1
0.2
0.8
0.0
0.4
-0.2
0.3
0.1
0.7
0.1
3.4
2015
0.3
0.0
0.0
0.1
0.4
-0.6
-0.7
0.4
1.0
1.0
0.7
0.5
-0.4
0.0
0.4
-0.2
3.2
2016
1.6
0.2
0.3
0.2
-0.1
-0.4
2.2
0.2
0.5
0.0
0.4
0.8
0.1
0.0
0.7
-0.2
6.4
Quarterly (000's Tala)
Dec-12
-0.1
0.1
-0.9
0.0
-0.6
0.3
0.0
-0.3
-1.6
0.0
0.3
0.0
-0.3
0.1
-0.9
0.0
-3.6
Mar-13
1.2
-0.5
-0.3
-0.1
-1.8
0.3
3.7
-0.2
-1.5
1.0
-0.1
0.7
-0.6
0.2
-1.0
-0.2
0.8
Jun-13
0.1
0.1
-0.2
0.1
-0.1
-0.2
2.5
-0.7
-0.9
0.8
-0.2
0.3
-0.6
0.1
-1.0
-0.1
0.3
Sep-13
1.0
-0.2
0.2
-0.1
1.5
-0.3
2.1
-0.9
-0.4
-0.1
-0.2
0.3
-0.7
0.2
-0.6
-0.1
1.5
Dec-13
0.3
-0.4
0.9
-0.1
1.4
-0.4
0.7
-0.4
0.4
-0.1
0.3
1.0
-0.2
0.1
-0.4
-0.3
3.0
Mar-14
-1.1
0.0
0.3
-0.4
1.9
0.2
0.6
0.0
-0.2
-0.9
0.3
-0.2
0.1
0.0
0.1
0.1
0.8
Jun-14
-1.6
1.6
0.2
-0.9
0.1
0.9
-0.8
0.2
0.3
-0.2
0.5
-0.6
0.2
0.0
0.8
0.2
0.8
Sep-14
-1.3
1.3
0.4
-1.0
-1.6
1.1
2.6
0.6
1.1
0.1
0.4
-0.4
0.3
0.1
0.9
0.1
4.8
Dec-14
0.8
0.2
-0.1
-1.1
-2.0
1.4
1.9
0.0
2.1
0.8
0.5
0.4
0.5
0.2
1.0
-0.1
6.9
Mar-15
-0.6
1.6
-0.7
0.6
-1.6
0.6
-1.0
0.1
1.8
1.5
0.6
0.2
0.2
0.2
0.9
-0.1
3.9
Jun-15
0.8
0.5
0.6
1.0
1.3
-0.6
-0.8
0.2
0.9
1.6
0.6
0.5
-0.2
0.2
0.1
-0.2
2.0
Sep-15
0.3
-1.4
0.5
-0.3
1.5
-1.0
-2.1
1.0
1.2
0.8
0.7
0.8
-0.3
0.0
0.3
-0.3
3.9
Dec-15
1.2
-0.2
-0.1
-0.8
1.7
-1.1
1.2
0.4
0.2
0.2
0.7
0.4
-1.1
-0.2
0.2
-0.1
2.7
Mar-16
1.3
0.3
0.2
0.8
-0.3
-0.2
2.4
0.5
0.5
0.8
0.8
0.9
-0.4
-0.1
0.5
-0.3
7.7
Jun-16
2.4
0.3
1.2
0.7
0.6
-0.3
2.7
0.4
1.3
0.3
0.2
0.9
-0.1
-0.1
0.9
-0.3
7.7
Sep-16
1.9
-0.2
0.2
-0.1
-0.2
-0.3
3.4
-0.2
0.5
-0.7
0.2
0.9
0.2
0.1
0.6
-0.3
5.3
Dec-16
-6.2
-2.3
-4.3
-5.4
-10.8
-0.7
0.4
0.1
-0.2
-0.5
0.3
0.4
0.5
0.0
1.0
-0.1
5.1
Source: Samoa Bureau of Statistics
Table 3(b): GDP by Industry - Percentage contributions to change in GDP - Constant Prices
Agriculture
Fishing
Food &
Beverages
manufac turing
Other manufac
turing
Construction
Electricity and
water
Commerce
Accommodation
& Restaurants
Transport
Communicatio Public adminis
n
tration
Ownership of Personal and Less: Enterprise
dwellings
other services share of FISIM
Total Value
added at market
prices
Financial
Services
Business
Services
0.2
0.3
0.0
-0.1
-0.1
-2.3
Annual (000's Tala)
2012
-0.7
-0.7
0.0
0.0
-0.4
0.2
-0.5
-0.1
-0.3
2013
1.1
-0.3
0.0
2014
-0.5
0.6
0.1
2015
-0.7
1.3
2016
0.2
0.5
-0.6
0.5
-0.1
0.2
-0.1
1.6
-0.6
-0.8
-0.5
0.7
0.9
0.2
-0.6
0.4
-0.1
0.6
-0.7
0.0
-0.8
-0.2
0.5
0.6
-0.3
0.0
-0.3
0.2
0.0
0.7
0.1
1.9
-0.1
0.1
0.6
-0.2
-0.6
0.4
1.0
0.8
0.2
0.1
-0.2
0.0
0.4
0.0
2.9
0.4
0.3
-0.3
0.2
2.7
0.2
0.5
-0.1
-0.1
0.5
0.2
0.0
0.8
-0.2
5.8
Quarterly (000's Tala)
Dec-12
0.4
-0.5
-0.8
0.0
-0.8
0.3
-0.7
-0.3
-1.6
0.1
0.3
0.1
-0.4
0.0
-1.0
0.0
-4.9
Mar-13
0.3
-0.8
-0.3
-0.1
Jun-13
1.0
0.0
-0.1
0.1
-2.0
0.4
2.9
-0.2
-1.5
1.1
-0.4
0.8
-0.7
0.0
-1.2
-0.2
-2.0
-0.2
-0.1
2.0
-0.7
-0.9
0.9
0.1
0.5
-0.7
0.0
-1.1
-0.1
0.8
Sep-13
1.7
0.0
0.0
Dec-13
1.4
-0.3
0.6
-0.3
1.4
-0.2
1.2
-0.9
-0.5
-0.1
-0.4
0.2
-0.9
0.0
-0.7
-0.1
0.5
-0.2
1.4
-0.3
0.3
-0.4
0.4
-0.1
0.4
0.8
-0.4
0.0
-0.4
-0.2
2.9
Mar-14
1.4
-0.2
0.1
-0.5
2.1
0.1
0.5
0.1
-0.3
-1.1
0.0
-0.5
-0.1
0.0
0.1
0.2
1.8
Jun-14
-1.0
0.7
0.1
-1.0
0.2
0.7
-0.5
0.2
0.2
-0.4
0.1
-0.7
0.1
0.0
0.8
0.2
-0.3
Sep-14
-0.8
0.8
0.2
-1.0
-1.5
0.8
2.7
0.6
0.8
-0.1
0.1
-0.2
0.3
0.0
0.9
0.1
3.8
Dec-14
-1.4
1.0
-0.1
-0.5
-2.4
1.1
0.9
-0.1
1.7
0.4
-0.1
0.1
0.5
0.0
0.8
0.0
2.1
Mar-15
-1.2
0.9
-0.4
-0.6
-1.4
0.5
-2.0
0.0
1.5
1.2
0.4
0.2
0.3
0.0
0.7
-0.1
0.1
Jun-15
-0.5
1.1
-0.9
0.3
-0.2
-0.3
-1.6
0.1
0.7
1.4
0.1
0.4
0.0
0.0
0.0
-0.1
0.4
Sep-15
-0.6
2.2
0.2
0.9
1.5
-0.4
-1.7
0.9
1.3
0.5
0.2
0.2
-0.1
0.0
0.3
-0.1
5.3
Dec-15
-0.6
1.0
0.5
-0.2
2.4
-0.5
2.7
0.5
0.4
0.0
0.2
-0.2
-0.9
0.0
0.4
0.1
5.6
Mar-16
-0.3
2.0
0.3
0.1
1.5
0.2
4.1
0.6
0.8
0.6
0.2
0.4
-0.2
0.0
0.6
-0.1
10.9
Jun-16
-0.3
0.0
0.7
-0.2
-0.3
0.3
3.6
0.5
1.4
0.2
-0.2
0.4
0.0
0.0
1.0
-0.1
7.1
Sep-16
-0.1
-0.2
0.2
0.2
-1.3
0.4
3.5
-0.2
0.4
-0.6
-0.2
0.5
0.2
0.0
0.6
-0.1
3.3
Dec-16
1.3
0.3
0.3
1.0
-0.9
0.1
-0.3
0.1
-0.4
-0.5
-0.3
0.7
0.6
0.0
1.0
-0.2
2.8
Source: Samoa Bureau of Statistics
Table 4: GDP by Industry - Percentage shares of total GDP
Agriculture
Fishing
Food &
Beverages
manufac
turing
Other manufac
turing
Construction
Electricity and
water
Commerce
Accommodatio
n&
Restaurants
Transport
Communication
Public adminis
tration
Financial
Services
Business
Services
Ownership of
dwellings
Personal and
other services
Less:
Enterprise
share of FISIM
Total Value
added at market
prices
Annual (000's Tala)
2012
7.0
2.5
3.8
7.1
11.0
4.3
30.6
1.9
3.9
3.6
7.6
3.6
3.5
5.6
5.1
-1.1
100.0
2013
7.6
2.2
3.9
7.0
11.1
4.1
32.4
1.4
3.2
4.0
7.5
4.1
2.9
5.6
4.3
-1.3
100.0
2014
6.4
3.0
4.0
6.1
10.2
4.9
32.4
1.6
3.9
3.8
7.7
3.8
3.1
5.5
4.8
-1.2
100.0
2015
6.5
2.9
3.9
6.0
10.3
4.2
30.8
1.9
4.8
4.7
8.1
4.1
2.7
5.4
5.0
-1.3
100.0
2016
7.6
2.9
3.9
5.9
9.7
3.6
31.0
2.0
4.9
4.4
7.9
4.6
2.6
5.0
5.4
-1.5
100.0
Quarterly (000's Tala)
Dec-12
6.4
2.8
3.3
7.0
11.1
4.6
32.4
2.2
2.8
4.2
7.5
3.5
3.3
5.7
4.5
-1.1
100.0
Mar-13
8.5
1.8
3.9
6.7
10.1
4.4
32.9
1.1
3.4
4.1
7.6
3.9
3.0
5.7
4.2
-1.2
100.0
Jun-13
7.9
1.9
3.8
7.4
10.5
4.1
32.7
1.4
3.1
3.9
7.6
3.9
2.8
5.7
4.5
-1.2
100.0
Sep-13
7.5
2.6
3.7
7.1
11.6
4.0
31.9
1.3
3.2
4.0
7.3
4.2
3.0
5.5
4.4
-1.3
100.0
Dec-13
6.5
2.4
4.0
6.7
12.2
4.1
32.2
1.8
3.1
4.0
7.5
4.3
3.0
5.6
4.0
-1.4
100.0
Mar-14
7.3
1.8
4.1
6.3
11.9
4.5
33.2
1.1
3.1
3.2
7.8
3.7
3.0
5.7
4.3
-1.2
100.0
Jun-14
6.3
3.5
4.0
6.4
10.5
5.0
31.7
1.5
3.4
3.7
8.0
3.3
3.0
5.6
5.2
-1.0
100.0
Sep-14
5.9
3.8
3.9
5.9
9.6
4.9
33.0
1.8
4.1
3.9
7.3
3.6
3.2
5.3
5.0
-1.1
100.0
Dec-14
6.0
2.9
4.0
6.0
9.1
5.1
31.9
1.7
4.9
4.4
7.5
4.4
3.3
5.5
4.7
-1.4
100.0
Mar-15
7.2
2.5
3.8
5.6
10.1
4.9
31.0
1.2
4.8
4.5
8.1
3.7
3.1
5.7
5.0
-1.2
100.0
Jun-15
6.5
3.3
3.3
6.7
10.0
4.3
30.3
1.7
4.2
5.2
8.4
3.7
2.7
5.7
5.3
-1.2
100.0
Sep-15
6.2
3.5
4.1
6.5
10.5
3.8
29.7
2.7
5.1
4.5
7.8
4.2
2.7
5.0
5.1
-1.3
100.0
Dec-15
6.2
2.3
4.3
5.4
10.8
3.9
32.2
2.0
4.9
4.5
8.0
4.7
2.2
5.2
4.8
-1.5
100.0
Mar-16
7.1
2.7
3.9
5.1
10.6
4.3
31.0
1.6
4.9
4.9
8.3
4.3
2.6
5.2
5.1
-1.4
100.0
Jun-16
7.9
2.6
3.7
5.9
9.1
3.7
30.6
2.0
5.1
5.1
8.0
4.3
2.5
5.2
5.7
-1.4
100.0
Sep-16
7.6
3.1
3.9
6.3
9.1
3.3
31.5
2.3
5.3
3.7
7.5
4.9
2.8
4.8
5.4
-1.5
100.0
Dec-16
7.8
3.2
4.2
6.2
9.9
3.1
31.0
2.0
4.5
3.9
7.9
4.9
2.5
4.9
5.5
-1.6
100.0
Source: Samoa Bureau of Statistics
Table 5: Monetarisation of GDP
at Current Prices
Monetary
NonMonetary
Total
at Constant Prices
NonMonetary
GDP % of
total
Monetary
NonMonetary
Total
at Current Prices
NonMonetary
GDP % of
total
Monetary
NonMonetary
Values (000's $$ Tala)
at Constant Prices
Total
Monetary
NonMonetary
at Current Prices
Total
Monetary
NonMonetary
at Constant Prices
Total
Monetary
Non-Monetary
Total
% change from previous period
2012
1,530,840
303,137
1,833,977
17
1,387,046
288,918
1,675,964
17
0.3
1.5
0.5
-1.5
-5.6
-2.3
2013
1,547,547
311,759
1,859,306
17
1,390,048
295,048
1,685,096
18
1.1
2.8
1.4
0.2
2.1
0.5
2014
1,607,107
314,623
1,921,730
16
1,411,097
305,530
1,716,626
18
3.8
0.9
3.4
1.5
3.6
1.9
2015
1,662,189
320,114
1,982,303
16
1,468,852
298,200
1,767,052
17
3.4
1.7
3.2
4.1
-2.4
2.9
2016
1,772,819
336,166
2,108,986
16
1,577,525
292,309
1,869,835
16
6.7
5.0
6.4
7.4
-2.0
5.8
Values (000's $$ Tala)
% change from previous period
% change from same quarter of previous year
Dec-12
380,987
73,340
454,327
16
343,708
73,562
417,270
18
-4.3
-2.5
-4.0
-4.5
2.0
-3.4
-4.5
1.1
-3.6
-5.7
-1.2
-4.9
Mar-13
373,008
79,441
452,449
18
335,382
67,995
403,377
17
-2.1
8.3
-0.4
-2.4
-7.6
-3.3
0.3
3.4
0.8
-1.1
-6.3
-2.0
Jun-13
382,579
76,381
458,960
17
346,938
71,255
418,192
17
2.6
-3.9
1.4
3.4
4.8
3.7
0.7
-1.7
0.3
0.8
0.8
0.8
Sep-13
400,736
79,415
480,150
17
357,122
77,160
434,282
18
4.7
4.0
4.6
2.9
8.3
3.8
0.7
5.6
1.5
-0.8
7.0
0.5
Dec-13
391,225
76,521
467,746
16
350,607
78,638
429,245
18
-2.4
-3.6
-2.6
-1.8
1.9
-1.2
2.7
4.3
3.0
2.0
6.9
2.9
Mar-14
376,288
79,804
456,092
17
334,707
75,771
410,477
18
-3.8
4.3
-2.5
-4.5
-3.6
-4.4
0.9
0.5
0.8
-0.2
11.4
1.8
Jun-14
384,263
78,167
462,431
17
341,053
75,879
416,932
18
2.1
-2.1
1.4
1.9
0.1
1.6
0.4
2.3
0.8
-1.7
6.5
-0.3
Sep-14
424,783
78,567
503,350
16
373,043
77,945
450,988
17
10.5
0.5
8.8
9.4
2.7
8.2
6.0
-1.1
4.8
4.5
1.0
3.8
Dec-14
421,772
78,085
499,857
16
362,294
75,935
438,229
17
-0.7
-0.6
-0.7
-2.9
-2.6
-2.8
7.8
2.0
6.9
3.3
-3.4
2.1
Mar-15
391,061
82,902
473,963
17
335,368
75,600
410,968
18
-7.3
6.2
-5.2
-7.4
-0.4
-6.2
3.9
3.9
3.9
0.2
-0.2
0.1
Jun-15
391,769
80,000
471,770
17
344,521
73,873
418,394
18
0.2
-3.5
-0.5
2.7
-2.3
1.8
2.0
2.3
2.0
1.0
-2.6
0.4
Sep-15
443,741
79,453
523,194
15
399,268
75,465
474,733
16
13.3
-0.7
10.9
15.9
2.2
13.5
4.5
1.1
3.9
7.0
-3.2
5.3
Dec-15
435,617
77,758
513,376
15
389,695
73,261
462,956
16
-1.8
-2.1
-1.9
-2.4
-2.9
-2.5
3.3
-0.4
2.7
7.6
-3.5
5.6
Mar-16
427,432
83,081
510,513
16
381,240
74,506
455,745
16
-1.9
6.8
-0.6
-2.2
1.7
-1.6
9.3
0.2
7.7
13.7
-1.4
10.9
Jun-16
426,076
82,141
508,216
16
379,510
68,429
447,938
15
-0.3
-1.1
-0.4
-0.5
-8.2
-1.7
8.8
2.7
7.7
10.2
-7.4
550,718
16
490,281
15
9.1
4.3
8.4
9.8
7.3
9.5
4.8
7.8
5.3
16
-2.3
-0.5
-2.0
-4.1
3.5
-2.9
4.3
9.7
5.1
Sep-16
Dec-16
465,042
454,269
85,676
85,269
Source: Samoa Bureau of Statistics
539,538
16
416,880
399,896
73,401
75,974
475,870
7.1
4.4
-2.7
3.3
2.6
3.7
2.8
Table 6: GDP by Industry - Implicit Price Deflators (IPDs): 2009=100
Agriculture
Fishing
Food &
Beverages
manufac
turing
Other manufac
Construction
turing
Electricity and
water
Commerce
Accommodatio
n&
Restaurants
Transport
Communication
Public adminis
tration
Financial
Services
Business
Services
Ownership of
dwellings
Personal and
other services
Less:
Total Value
Enterprise
added at market
share of FISIM
prices
Annual (000's Tala)
2012
101.3
134.1
115.7
111.7
105.1
126.7
109.9
107.6
107.7
107.0
107.6
111.8
102.9
108.8
109.1
111.8
109.4
2013
96.8
138.2
118.5
113.0
105.9
125.1
112.1
109.2
108.6
106.7
107.8
111.7
107.3
110.9
111.4
111.7
110.3
2014
88.9
147.2
125.1
115.2
105.0
128.4
112.5
108.9
114.6
113.0
113.5
115.4
110.3
111.8
112.2
115.4
111.9
2015
103.0
93.5
130.5
115.1
103.6
119.7
112.5
111.9
114.4
118.6
120.4
125.6
103.2
112.0
112.5
125.6
112.2
2016
125.4
87.0
125.2
113.9
106.0
102.4
111.0
111.0
113.3
119.6
127.7
132.1
100.3
110.9
111.1
132.1
112.8
Quarterly (000's Tala)
Dec-12
88.3
130.3
113.3
111.7
105.9
125.8
110.6
108.7
107.9
106.9
109.0
109.5
105.5
109.7
110.1
109.5
108.9
Mar-13
121.9
179.4
115.9
111.7
105.7
124.7
111.5
107.9
108.0
105.6
108.7
110.4
104.3
110.6
111.0
110.4
112.2
Jun-13
99.8
129.0
117.1
111.8
105.3
124.8
111.9
108.4
107.9
106.4
105.3
109.3
104.5
110.7
111.1
109.3
109.7
Sep-13
92.3
130.4
119.6
113.9
106.2
124.9
113.1
110.0
108.8
107.2
110.7
113.1
107.4
111.2
111.9
113.1
110.6
Dec-13
78.2
132.8
121.1
114.7
106.3
126.0
112.0
109.9
109.7
107.4
106.5
113.7
113.2
111.2
111.6
113.7
109.0
Mar-14
89.9
217.9
121.7
114.0
105.3
126.6
111.9
106.9
110.8
109.1
113.4
120.6
110.5
110.6
111.2
120.6
111.1
Jun-14
89.7
162.9
122.1
113.4
104.4
128.4
110.6
105.4
112.0
111.7
111.0
112.6
110.5
109.9
110.3
112.6
110.9
Sep-14
84.4
145.6
125.7
115.1
104.9
129.2
112.4
108.0
114.8
114.5
114.2
107.0
108.0
111.6
112.1
107.0
111.6
Dec-14
91.8
116.0
130.8
118.2
105.4
129.3
115.1
114.4
118.5
115.4
115.4
121.3
112.3
115.1
115.3
121.3
114.1
Mar-15
105.8
160.3
131.0
116.7
104.2
127.9
115.7
114.1
117.5
115.2
116.3
119.1
107.3
114.0
114.7
119.1
115.3
Jun-15
101.6
109.1
131.8
115.5
103.3
121.2
113.4
113.7
115.4
117.5
119.0
115.5
103.2
113.0
113.5
115.5
112.8
Sep-15
99.4
79.7
130.6
114.3
103.2
114.0
111.4
110.4
113.3
121.0
122.4
124.4
100.4
110.2
111.0
124.4
110.2
Dec-15
105.4
69.3
129.1
114.3
103.7
115.5
110.0
111.3
112.0
120.5
124.0
141.4
101.8
110.9
111.1
141.4
110.9
Mar-16
117.0
85.4
129.2
113.1
103.9
115.1
110.2
110.1
111.4
118.7
124.4
133.7
101.1
111.1
111.1
133.7
112.0
Jun-16
139.0
94.8
128.2
113.3
104.8
105.2
110.2
109.8
111.4
118.7
124.7
129.7
100.4
111.0
111.0
129.7
113.5
Sep-16
131.0
77.4
124.0
113.3
107.0
95.8
111.1
111.4
114.1
119.4
128.6
134.8
98.6
110.6
111.0
134.8
112.3
Dec-16
116.7
93.8
120.7
115.7
108.5
93.1
112.3
112.4
116.3
122.1
133.5
130.3
101.2
110.8
111.5
130.3
113.4
Source: Samoa Bureau of Statistics
Table 7: % distribution by Industry; Primary, Secondary & Services –
Current Prices
Period
Primary Industries
Secondary or GoodsProducing Industries
Services or Tertiary
Industries
Total Value added at
market prices
Annual (%)
2012
9.47
26.27
64.27
100
2013
9.75
26.11
64.14
100
2014
9.36
25.25
65.39
100
2015
9.39
24.47
66.13
100
2016
10.51
23.05
66.44
100
Quarterly (%)
Dec-12
9.1
26.0
64.8
100
Mar-13
10.2
25.1
64.7
100
Jun-13
9.9
25.8
64.3
100
Sep-13
10.1
26.4
63.5
100
Dec-13
8.8
27.1
64.1
100
Mar-14
9.1
26.8
64.1
100
Jun-14
9.7
25.9
64.4
100
Sep-14
9.7
24.3
66.0
100
Dec-14
8.9
24.2
66.9
100
Mar-15
9.7
24.4
65.9
100
Jun-15
9.8
24.2
66.0
100
Sep-15
9.7
24.8
65.5
100
Dec-15
8.5
24.5
67.0
100
Mar-16
9.7
23.8
66.4
100
Jun-16
10.5
22.4
67.1
100
Sep-16
10.7
22.6
66.7
100
Dec-16
11.0
23.4
65.6
100
Source: Samoa Bureau of Statistics
Public Administration is part of Services Industries however, the report separates it from the Services Industries.
Table 8: GDP per capita
Period
Nomial GDP ($)
Population
1
GDP per capita ($)
% change over the
same period of the
previous year
Annual
2012
1,833,977
189,236
9,691
-0.2
2013
1,859,306
190,652
9,752
0.6
2014
1,921,730
192,067
10,005
2.6
2015
1,982,303
193,483
10,245
2.4
2016
2,108,986
194,899
10,821
5.6
Quarter
1
Dec-12
454,327
189,236
2,401
-4.3
Mar-13
452,449
190,652
2,373
0.1
Jun-13
458,960
190,652
2,407
-0.5
Sep-13
480,150
190,652
2,518
0.7
Dec-13
467,746
190,652
2,453
2.2
Mar-14
456,092
192,067
2,375
0.1
Jun-14
462,431
192,067
2,408
0.0
Sep-14
503,350
192,067
2,621
4.1
Dec-14
499,857
192,067
2,603
6.1
Mar-15
473,963
193,483
2,450
3.2
Jun-15
471,770
193,483
2,438
1.3
Sep-15
523,194
193,483
2,704
3.2
Dec-15
513,376
193,483
2,653
2.0
Mar-16
510,513
194,899
2,619
6.9
Jun-16
508,216
194,899
2,608
6.9
Sep-16
550,718
194,899
2,826
4.5
Dec-16
539,538
194,899
2,768
4.3
: Total estimate is based on annual growth rate of 0.8 percent from census 2011
GDP per capita have been revised to reflect the latest intercensal estimates as published by the Bureau, however, the estimates for
the year 2012 onwards are subject to revisions pending the final population count for the year 2016 in August 2017.
Source: Samoa Bureau of Statistics