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Samoa

Author(s):
International Monetary Fund
Published Date:
December 1995
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Table 1.Western Samoa: Gross Domestic Product by Sector at Constant 1982 Prices, 1990–94 1/
19901991199219931994
(In millions of tala)
Primary sector60.058.852.658.846.8
Agriculture, forestry, fishing23.922.321.124.916.4
Subsistence36.136.531.534.030.4
Secondary sector25.022.927.426.825.3
Manufacturing15.712.614.313.814.2
Electricity5.46.26.57.37.9
Construction3.94.16.65.73.2
Tertiary sector32.332.332.934.838.5
Distribution, restaurants13.111.811.212.115.0
Transportation6.37.48.29.19.4
Other services12.813.213.513.614.1
Government16.216.716.717.416.5
Real GDP133.5130.7129.6137.8127.0
Exports of goods and nonfactor services57.244.846.041.837.1
Imports of goods and nonfactor services97.9120.3142.5132.798.7
Real domestic demand174.2206.3226.2228.7188.7
(Annual percentage change)
Primary sector-17.5-2.0-10.611.9-20.5
Secondary sector-4.5-8.519.8-2.3-5.6
Tertiary sector-0.30.21.85.710.7
Government0.83.23.9-5.1
Real GDP-9.4-2.1-0.96.3-7.8
Domestic demand-3.218.49.61.1-17.5
Source: Staff estimates.

There are no official national income accounts for Western Samoa. Data presented here and in previous Fund reports are staff estimates based on partial information provided by the authorities, including data on agricultural production, central government expenditure, and the construction and services sectors.

Source: Staff estimates.

There are no official national income accounts for Western Samoa. Data presented here and in previous Fund reports are staff estimates based on partial information provided by the authorities, including data on agricultural production, central government expenditure, and the construction and services sectors.

Table 2.Western Samoa: Gross Domestic Product by Sector at Current Prices, 1990–94 1/
19901991199219931994
(In millions of tala)
Primary sector121.5128.0125.2131.4143.6
Agriculture, forestry, fishing49.856.558.257.346.3
Subsistence71.771.467.074.197.3
Secondary sector46.548.563.271.770.2
Manufacturing30.428.436.339.941.3
Electricity10.613.916.321.222.9
Construction5.66.210.610.66.1
Tertiary sector60.658.963.467.086.3
Distribution, restaurants, hotels25.923.023.525.938.0
Transportation7.98.79.910.410.9
Other services26.827.129.930.737.5
Government33.637.340.144.845.7
Nominal GDP262.3272.6291.9314.8345.8
Exports of goods and
nonfactor services102.990.7100.8100.3102.4
Imports of goods and
nonfactor services219.3269.2328.8322.8246.1
Nominal domestic demand378.7451.1519.8537.2489.4
Memorandum item:
Implicit GDP deflator
(Index 1982 = 100)196.5208.5225.2228.5272.2
(Annual percentage change)
Primary sector-8.65.3-2.25.09.3
Secondary sector-0.94.230.413.4-2.0
Tertiary sector13.6-2.97.65.628.9
Government8.411.07.511.82.0
Nominal GDP-0.83.97.17.99.8
Domestic demand5.419.115.23.3-8.9
GDP deflator9.56.18.01.519.1
Source: Staff estimates.

There are no official national income accounts for Western Samoa. Data presented here and in previous Fund reports are staff estimates based on estimates of real GDP (Table 1). Deflators are based on available data on consumer prices and unit values of exports and imports.

Source: Staff estimates.

There are no official national income accounts for Western Samoa. Data presented here and in previous Fund reports are staff estimates based on estimates of real GDP (Table 1). Deflators are based on available data on consumer prices and unit values of exports and imports.

Table 3.Western Samoa: Indices of Agricultural Production, 1990–94(1982 = 100)
Weights19901991199219931994
Copra0.4029.52.31.41.486.2
Cocoa0.050.90.90.00.086.7
Taro0.29167.7191.4182.1198.44.0
Bananas0.0616.921.011.310.020.0
Passion fruit0.01140.051.10.00.00.0
Beef0.04166.1169.5171.2174.6174.6
Pork0.02337.5343.8343.8331.3331.3
Poultry0.0126.726.726.726.726.7
Fish0.1262.217.644.251.355.4
Weighted index of agricultural production1.0084.074.373.378.761.7
Source: Central Bank of Samoa.
Source: Central Bank of Samoa.
Table 4.Western Samoa: Indices of Industrial Production, 1990–94 1/(1982 = 100)
Weights19901991199219931994
Coconut oil0.2649.66.43.20.00.0
Copra meal0.0251.36.73.40.00.0
Coconut cream0.05449.0495.8351.3273.8362.2
Soap0.0362.867.466.055.331.3
Beer0.14101.390.6117.4108.6106.4
Cigarettes0.09103.899.7104.491.292.1
Timber0.0850.255.755.437.032.9
Veneer0.010.00.00.00.00.0
Matches0.0125.00.00.00.00.0
Electricity0.23130.6148.3154.6174.9188.5
Paint0.01198.1255.3258.5220.3175.7
Corned beef0.02425.0255.3233.9200.5127.3
Soft drinks0.05195.9145.5178.9166.0171.5
Weighted index of industrial production1.00116.4103.8102.596.5101.1
Source: Central Bank of Samoa.

Excludes production by Yazaki Samoa Limited.

Source: Central Bank of Samoa.

Excludes production by Yazaki Samoa Limited.

Table 5.Western Samoa: Energy Statistics, 1990–94
19901991199219931994
(In kilowatts)
Electricity 1/
Generating capacity24,44524,44573,12476,26489,664
Hydroelectricity8,2708,27020,28024,88038,280
Diesel16,17516,17552,84451,38451,384
(In million kilowatt hours)
Production42.246.150.557.863.5
Hydroelectricity16.716.417.427.352.1
Diesel25.529.733.230.511.4
Consumption42.946.450.757.964.3
Sales36.939.541.146.954.9
Transmission and distribution losses5.26.28.49.18.9
Auxiliaries 2/0.90.61.21.90-5
(In millions of gallons)
Petroleum imports12.8
Electricity generation1.21.81.81.6
Other11.6
(In tala per unit; end of period)
Energy prices (domestic)
Petroleum (gallon)4.13.94.03.8
Kerosene (gallon)3.13.13.13.1
Electricity (kilowatt hr.)0.40.40.40.4
Sources: Electric Power Corporation; and Treasury Department.

Figures relate only to government-owned electric power schemes. Village lighting schemes and other private plants are not included.

Auxiliaries refer to power used in electricity production.

Sources: Electric Power Corporation; and Treasury Department.

Figures relate only to government-owned electric power schemes. Village lighting schemes and other private plants are not included.

Auxiliaries refer to power used in electricity production.

Table 6.Western Samoa: Building Permits Issued, 1990–94
19901991199219931994
(Number of units)
Residential206259372429409
Industrial42208
Commercial127112157129110
Education132326178
Health31410
Churches2320282431
Other 1/2143103828
Total397460692682574
(In thousands of tala)
Residential4,0915,97812,22612,4159,180
Industrial30361250842
Commercial4,3645,8377,9758,0145,487
Education2,1193,0677,0806,889371
Health3,5264335850
Churches2,1182,4391,8282,8702,385
Other 1/1971,3202,2011,48861
Total16,71818,70631,67031,76118,326
Source: Treasury Department.

As from the June quarter 1994, extensions and alterations (previously grouped under “Others”) have been included in their appropriate descriptive classifications.

Source: Treasury Department.

As from the June quarter 1994, extensions and alterations (previously grouped under “Others”) have been included in their appropriate descriptive classifications.

Table 7.Western Samoa: Consumer Prices, 1990–95
June
199019911992199319941995
(1980 = 100; period average)
Food296.3272.1302.7299.9377.2390.9
Clothing and footwear283.5292.5299.1305.5348.1351.7
Household operations279.5309.5310.5329.7367.6371.1
Transportation and communications227.5264.3279.6293.3300.1304.3
Miscellaneous361.7380.6414.4434.9481.0493.8
Total298.1294.1319.3324.7384.3395.4
Of which:
Imported goods269.4278.9286.2298.5325.1331.9
Domestic goods327.1309.5352.7365.7424.1452.1
(Annual average percent change) 1/
Food20.2-8.211.2-0.925.70.6
Clothing and footwear5.73.22.22.114.00.7
Household operations10.110.70.36.211.51.1
Transportation and communications8.916.25.84.92.32.1
Miscellaneous8.45.28.94.910.62.3
Total15.2-1.38.51.718.41.2
Of which:
Imported goods7.33.52.64.38.93.4
Domestic goods22.7-5.414.03.716.0-2.1
(Weights) 2/
ImportedDomesticTotal
Food33.225.658.8
Clothing and footwear4.24.2
Household operations7.54.512.0
Transportation and
communications1.47.69.0
Miscellaneous4.012.016.0
Total50.349.7100.0
Source: Department of Statistics.

For 1995, the figures are percent changes as of June 1995 compared with June 1994.

Derived from Household Expenditure Survey, 1976–77.

Source: Department of Statistics.

For 1995, the figures are percent changes as of June 1995 compared with June 1994.

Derived from Household Expenditure Survey, 1976–77.

Table 8.Western Samoa: Financial Operations of Central Government, 1991/92-1995/96 1/
ProvisionalBudget
1991/921992/931993/941994/951995/96
(In millions of tala)
Total revenue and grants159.8182.8176.7214.0229.5
Total revenue121.6136.5142.2141.7141.0
Tax95.9106.3111.9108.2106.6
Nontax25.730.230.433.534.4
External grants38.246.434.572.388.5
Expenditure and net lending205.5251.6215.5251.6244.5
Current expenditure88.390.299.189.0103.1
Development expenditure107.3146.3106.2100.8130.1
Net lending 2/10.015.110.361.711.3
Overall surplus/decifit (-)-45.7-68.7-38.8-37.5-15.0
Financing45.768.838.837.415.0
External financing (net)33.844.641.115.49.1
Disbursement41.151.246.421.116.3
Amortization7.36.65.25.77.2
Domestic financing (net)11.924.2-2.322.05.9
Banking System 3/8.421.93.520.0
Nonbanks and others3.52.3-5.82.0
(In percent of GDP)
Memorandum items:
Total revenue and grants56.660.353.558.858.5
Of which:
Tax and nontax revenue43.145.043.139.036.0
Expenditure and net lending72.882.965.269.262.3
Of which:
Current expenditure31.329.730.024.526.3
Development expenditure38.048.232.127.733.2
Overall balance-16.2-22.7-11.8-10.3-3.8
External financing (net)12.014.712.54.22.3
Domestic financing (net)4.28.0-0.76.01.5
Sources: Treasury Department; and staff estimates.

Fiscal year begins on July 1. The presentation of this table differs from that in previous Board documents in that revenues and expenditures are now net of tax reimbursements and duties paid by the Government.

Includes loans and advances to public enterprises and capital subscriptions, and land purchases.

Equals net change in position vis-a-vis the banking system; thus it includes revaluations of Treasury’s foreign assets.

A residual item. Includes holdings of Treasury bills and National Development Bonds held by nonbank financial institutions, items in transit, and others.

Sources: Treasury Department; and staff estimates.

Fiscal year begins on July 1. The presentation of this table differs from that in previous Board documents in that revenues and expenditures are now net of tax reimbursements and duties paid by the Government.

Includes loans and advances to public enterprises and capital subscriptions, and land purchases.

Equals net change in position vis-a-vis the banking system; thus it includes revaluations of Treasury’s foreign assets.

A residual item. Includes holdings of Treasury bills and National Development Bonds held by nonbank financial institutions, items in transit, and others.

Table 9.Western Samoa: Revenue and Grants of the Central Government, 1991/92-1995/96(In millions of tala)
ProvisionalBudget
1991/921992/931993/941994/951995/96
Tax revenue95.9106.3111.9108.2106.6
Income tax32.338.835.427.427.8
Excise tax16.715.416.015.915.8
Domestic excises13.013.713.613.913.8
Import excise3.61.72.42.02.0
Taxes on international trade42.346.043.236.637.0
Import duties39.643.340.534.034.0
Export levy0.00.00.00.00.0
Foreign exchange levy2.72.72.82.63.0
VAGST2.23.213.925.623.3
Domestic2.23.23.62.71.0
Imports0.00.010.322.922.3
Other taxes2.42.83.32.82.7
Business licenses0.50.50.50.50.4
Petroleum levy1.41.72.11.61.6
Other0.50.60.80.70.7
Beverage container tax0.00.00.10.10.1
Stamp duty0.50.60.70.60.6
Nontax revenue25.730.230.433.534.4
Fees, service charges, etc.5.76.36.65.65.9
Departmental enterprises9.912.014.114.015.9
Rents, royalties, international investments6.87.86.012.911.0
Sales of government supplies0.40.30.30.30.4
Other2.93.73.50.61.2
Total revenue121.6136.4142.2141.7141.0
Total grants38.246.434.572.488.5
Cash and commodity0.21.20.210.23.4
STABEX0.00.00.010.13.4
US/PIC fish treaty0.01.00.00.00.0
Japanese commodity grants0.20.20.20.20.0
Disaster relief0.000.000.000.030.00
Project aid grants38.045.234.262.185.0
Total revenue and grants159.8182.8176.7214.1229.5
Sources: Treasury Department; and staff estimates.
Sources: Treasury Department; and staff estimates.
Table 10.Western Samoa: Central Government Expenditure, 1991/92-1995/96(In millions of tala)
ProvisionalBudget
1991/921992/931993/941994/951995/96
Total expenditure and net lending205.5251.6215.5251.6244.5
Current expenditure88.390.299.189.0103.1
Salaries and wages38.441.046.445.047.2
Salaries33.335.239.139.241.2
Wages4.04.45.64.14.3
Statutory salaries1.21.41.71.61.8
Interest payments4.93.94.24.14.3
External3.32.32.83.13.5
Domestic1.51.61.41.00.7
Other 1/44.945.348.540.051.6
Development expenditure107.3146.3106.2100.8130.1
Net lending 2/10.015.110.361.711.3
Memorandum items:
Current salaries and wages Annual percentage change14.56.613.2-3.13.9
(As percent of current expenditure)43.645.546.850.545.8
Sources: Treasury Department; and staff estimates.

Derived as a residual.

Includes loans and advances to public enterprises, capital subscriptions, and land purchases.

Sources: Treasury Department; and staff estimates.

Derived as a residual.

Includes loans and advances to public enterprises, capital subscriptions, and land purchases.

Table 11.Western Samoa: Current Expenditure Classified by Function, 1991/92-1995/96(In millions of tala)
ProvisionalBudget
1991/921992/931993/941994/951995/96
General services27.628.831.928.634.2
General administration21.722.625.322.226.7
Law and order5.96.26.66.47.6
Social services27.929.831.231.033.6
Education16.016.817.417.718.2
Health11.912.913.813.315.5
Economic services21.322.027.520.224.9
Agriculture2.92.94.23.43.8
Public works11.912.616.010.010.7
Transportation1.61.51.51.21.5
Labor0.40.40.50.40.4
Land survey3.83.94.34.47.6
Land and titles0.80.81.10.80.9
Other expenditure 1/11.59.58.59.210.4
Total current expenditure88.390.299.189.0103.1
Sources: Treasury Department; and. staff estimates.

Residual; includes interest payments on public debt.

Sources: Treasury Department; and. staff estimates.

Residual; includes interest payments on public debt.

Table 12:Western Samoa: Public Enterprises and Statutory Authorities, 1993–95(In thousands of tala, unless otherwise specified)
Share ofLoans and
GovernmentEmploymentCapitalCapitalCapitalOverdrafts
Ownership(Number ofInjections andInjections andInjections andGuaranteed by
(In percent)Persons)AdvancesAdvancesAdvancesGovernment
199419941993199419951993-95
Nonfinancial public enterprises 1/
Agriculture Store Corporation100320000
Computer Services Ltd.40170000
Electric Power Corporation (EPC)1003253,9754,46900
Polynesian Airlines (Holdings) Ltd.1004556,71238,31913,0002,600
Post Office and Telecom 2/1000
Rothman’s Samoa Ltd.40510000
Samoa Coconut Products Ltd. (SCPL)1000000
Samoa Forest Products402250000
Samoa Land Corporation100130000
Special Projects Development Corporation (construction and civil engineering)1000000
Televise Samoa Propriety Ltd.100101,6001,5005000
Vaipapa Poultry1000000
Water Authority10005,7007,0000
Western Samoa Breweries Corporation661302,491000
Western Samoa Shipping Corporation1001000000
Samoa Shipping Services Ltd.1001300000
Western Samoa Trust Estates Corporation (WSTEC)1001200000
Other government equity participation 3/
Brugger Industries Ltd.20100000
Hellaby Samoa Ltd.9180000
Pacific Forum Line (interisland shipping)0000
Samoa Iron and Steel Fabrication Ltd.40000
BOC Samoa/Samoa Industrial Gas Ltd.17140000
Public financial institutions
Central Bank of Samoa1000000
Bank of Western Samoa (commercial bank)252000000
Development Bank of Western Samoa1001232,5761,91900
Housing Corporation100141,00050000
National Pacific Insurance Corporation30330000
National Provident Fund (including the Government Superannuation Fund)1001150000
Post Office Savings Bank 2/1000
Public Trust Office 2/1000
Western Samoa Life Assurance Corporation100430000
Source: Treasury Department

Enterprises with more than 25 percent government shareholding.

Government department

Enterprises with less than 25 percent shareholding.

Source: Treasury Department

Enterprises with more than 25 percent government shareholding.

Government department

Enterprises with less than 25 percent shareholding.

Table 13.Western Samoa: Progress in Privatization of Public Enterprises, 1987–95
EnterpriseStatus of Privatization
1987-89
1. Samoa Veneer ProductsIt was liquidated in 1987 following unsuccessful attempts to sell or lease its assets.
2. Special Projects Development CorporationThe major assets were sold by the Government in 1987 via public tender in an initial attempt to liquidate the company. However, the Government’s approval to privatize was reversed in 1988. It is likely that the Government will be financially involved with SPDC if its financial performance fails to improve.
3. Handicrafts CorporationThe company was liquidated in 1987.
4. Transport Pool of the Public Works DepartmentA tender was made by the Government for service contracts for vehicles and equipment for government use.
5. Tanumalala PlantationLand was leased to the private sector.
6. Numismatic Division of the Treasury DepartmentThe division was closed by the Treasury Department.
7. Food Processing LaboratoryAssets were sold to the private sector.
1990-95
8. Bank of Western SamoaThe Government sold half of its total shareholding in the bank to a foreign bank (ANZ) in October 1990, and, in late 1995, reached an agreement to sell the remainder (25 percent of total shares), also to ANZ.
9. Cocoa BoardLiquidated in October 1990.
10. Copra BoardLiquidated in October 1990.
11. Produce Marketing BoardLiquidated in October 1990.
12. Coconut Woods ProductsThe operation has been closed since 1990.
13. Coolstore ComplexThe assets were leased to a local operator in 1990 who has repaired equipment at his own costs.
14. Samoa Forest ProductsThe SFFs assets were leased to the new joint venture, Samoa Forest Corporation, in 1990. Sixty percent of SFC shares are held by a private sector operator and 40 percent by the Government Annual rents to the Government are estimated at WS$300,000. The Government does not provide any financial guarantees. Negotiations are under way to divest the remaining shares held by the Government
15. New Samoa IndustryNSI was sold to a local company in 1990.
16. BoatcraftBoatcraft assets were leased to a local company to maintain the company as a going concern in 1990.
17. Western Samoa Trust Estates Corporation (WSTEC)Most of plantation land of WSTEC was transferred to Samoa Land Corporation in 1991. WSTEC continues to operate one plantation and other assets in Western Samoa and New Zealand.
18. Samoa Land CorporationThe corporation, which was established in 1991, is prohibited from operating on the land. It is restricted to administering leases or sales of land under its control.
19. Samoa Coconut Products LimitedIn late 1992 the Government was in the process of leasing the SCPL’s oil mill to a foreign company (with local shareholders).
20. TelecommunicationsAn AsDB-sponsored project is ongoing to study corporatization strategies for the Post Office Department
21. Post Office Savings BankAn agreement was reached in 1995 to sell the bank to local investors who had been granted a provisional license to establish a commercial bank.
Source: Information provided by the Treasury Department
Source: Information provided by the Treasury Department
Table 14.Western Samoa: Structure of the Financial System, 1990–94(In millions of tala; end of period)
19901991199219931994
Balance sheet totals470.4473.0453.6458.3490.6
Central Bank of Samoa140.7136.4110.797.3104.1
Commercial banks176.3167.5155.3163.1179.3
Bank of Western Samoa134.6130.1119.0123.2133.6
Pacific Commercial Bank41.637.436.339.845.7
Nonbank financial institutions153.4169.1187.6197.9207.2
National Provident Fund71.380.391.199.0105.7
Development Bank of Western Samoa49.148.550.852.752.7
Western Samoa Life Assurance Corporation10.410.512.414.215.3
Public Trust Office4.24.34.65.56.9
Post Office Savings Bank3.88.66.42.62.6
National Pacific Insurance Corporation12.711.916.015.715.5
Housing Corporation1.95.26.48.28.5
Total domestic lending and investment166.6178.0203.7230.6230.3
Central Bank of Samoa 1/0.00.00.00.01.1
Commercial banks 1/65.169.376.485.782.2
Bank of Western Samoa50.151.355.556.756.2
Pacific Commercial Bank15.018.020.929.026.0
Nonbank financial institutions101.5108.7127.3144.9147.0
National Provident Fund39.046.057.370.475.3
Development Bank of Western Samoa47.142.445.647.147.1
Western Samoa Life Assurance
Corporation5.65.47.38.67.7
Public Trust Office3.33.33.55.15.9
Post Office Savings Bank2.03.32.52.52.6
National Pacific Insurance
Corporation2.63.64.93.30.2
Housing Corporation1.94.76.27.98.2
Source: Central Bank of Samoa.

Net of Government deposits.

Source: Central Bank of Samoa.

Net of Government deposits.

Table 15.Western Samoa: Interest Rates, 1990–95(In percent per annum: end of period)
June
199019911992199319941995
Commercial banks
Deposit rates
Savings deposits7.05.54.03.03.03.0
Time deposits
3 months8.57.05.55.55.55.5
6 months9.58.06.56.56.56.5
12 months10.59.07.57.57.57.5
24 months10.59.07.57.57.57.5
Lending rates 1/12.013.512.012.012.012.0
Development Bank of Western Samoa
Lending rates
Agricultural8.08.08.0-13.08.0-13.08.0-13.08.0-13.0
Industrial and other8.0-12.08.0-12.012.0-14.012.0-14.012.0-14.012.0-14.0
National Provident Fund minimum
rate of return on contributions2.52.52.52.52.52.5
Lending rates10.0-12.010.0-12.010.0-12.010.0-12.010.0-12.010.0-12.0
Public Trust Office and Western Samoa
Life Assurance Corporation
Mortgage rates9.5-16.09.0-15.09.0-13.09.0-13.09.0-13.09.0-13.0
Post Office Savings Bank
Statutory notice7.57.54.03.03.03.0
Long-term notice12.512.57.57.57.57.5
Rates on government securities
3 years
5 years
10 years
Treasury bills
3 months7.18.5
6 months8.29.58.0
12 months11.010.59.0
Central Bank securities8.5-9.55.5-6.52.5-3.52.5-3.52.5-3.5
Source: Data provided by the authorities.

Includes lending to Government, public enterprises, private businesses, and individuals.

Source: Data provided by the authorities.

Includes lending to Government, public enterprises, private businesses, and individuals.

Table 16.Western Samoa: Monetary Survey, 1990–95
June
199019911992199319941995
(In millions of tala; end of period)
Net foreign assets158.6161.9141.8120.9105.899.7
Treasury43.854.256.554.030.826.7
Central Bank103.3103.976.360.266.769.5
Commercial banks11.53.99.16.88.33.6
Net domestic assets-37.6-43.3-22.11.332.345.1
Domestic credit-4.6-14.4-4.615.139.948.6
Government (net)-66.4-80.5-78.7-67.9-39.9-46.9
Treasury-42.5-52.8-55.1-52.6-30.8-26.7
Central Bank-24.7-28.8-24.6-15.9-10.5-10.1
Commercial0.81.11.00.61.4-10.1
Nonfinancial public enterprises2.42.32.40.62.93.3
Nonmonetary financial institutions0.10.10.20.30.2
Claims on private sector59.363.871.682.276.692.0
Other items (net)-33.0-28.9-17.5-13.8-7.6-3.5
Broad money121.0118.7119.6122.3138.1144.8
Narrow money47.342.938.144.747.245.9
Currency outside banks12.913.912.314.916.813.7
Demand deposits34.329.025.829.830.432.2
Quasi-money73.775.881.577.690.998.9
Savings deposits17.618.518.918.018.620.1
Time deposits56.759.562.659.672.278.8
(Twelve-month change in percent of
beginning stock of broad money) 1/
Net foreign assets37.02.8-16.9-17.5-12.4-9.4
Domestic credit-1.2-8.18.216.520.224.6
Net credit to government-16.2-11.61.59.022.916.6
Claims on private sector16.53.76.68.9-4.68.5
Broad money (percent change)19.2-1.90.82.312.919.8
Memorandum items:
Deposits of nonbank financial
institutions
(in millions of tala)16.820.220.014.810.813.7 2/
Commercial banks’ free liquid
assets to deposits ratio
(in percent)17.220.816.910.113.317.8 2/
Source: Central Bank of Samoa.

Data for June 1995 are compared with those for June 1994.

Data for March 1995.

Source: Central Bank of Samoa.

Data for June 1995 are compared with those for June 1994.

Data for March 1995.

Table 17.Western Samoa: Commercial Bank Deposits and Loans, 1990–95(In millions of tala; end of period)
MarchJuneSept.Dec.MarchJune
199019911992199319941995
Commercial bank deposits108.7107.1107.3107.3107.0109.5118.1121.2125.5131.2
Demand deposits 1/34.429.025.829.728.725.128.230.429.032.2
Savings deposits17.618.618.918.019.019.219.818.618.820.1
Term deposits 2/56.759.562.659.659.365.270.172.277.778.9
Commercial bank loans65.269.076.485.788.589.585.482.288.596.1
Government3.83.53.03.64.84.73.93.73.81.7
Advances to Government0.00.00.00.00.00.00.00.00.00.0
Government stock held by banks3.83.53.03.64.84.73.93.73.81.7
Public enterprises2.62.32.50.84.24.15.23.23.43.5
Private sector58.863.270.981.379.580.776.375.381.390.9
Agriculture3.13.43.63.73.11.71.71.61.51.4
Manufacturing5.36.08.28.611.19.16.918.319.022.6
Building, construction, and
installation7.110.315.416.518.029.530.117.718.018.7
Trade30.533.534.732.629.915.313.911.512.614.2
Transportation, storage, and
communication1.92.03.35.88.08.26.13.53.74.0
Professional and business services7.86.14.78.26.78.015.25.25.25.8
Other3.11.91.05.92.78.92.417.521.324.2
Source: Central Bank of Samoa.

Excludes deposits of the Government, the Central Bank, and other commercial banks.

Maturities ranging from 30 days to 24 months.

Source: Central Bank of Samoa.

Excludes deposits of the Government, the Central Bank, and other commercial banks.

Maturities ranging from 30 days to 24 months.

Table 18.Western Samoa: Balance Sheet of the Central Bank of Samoa, 1990–95 1/(In millions of tala; end of period)
Assets
Deposits withForeignClaims on GovernmentOtherTotal
CommercialAssets
BanksSecuritiesTreasuryTotal
199029.23103.841.081.923.004.33140.51
199116.89104.640.600.000.6014.23136.36
19925.8577.190.320.000.3227.40110.76
19935.9260.580.320.000.3230.4997.31
19946.2066.720.000.000.0031.22104.14
June4.4269.900.000.000.0033.77108.09
1995
Liabilities
Notes in

circulation
Demand depositsCBSS 2/Capital

and

Reserves
Foreign

Liabilities
OtderTotal
GovernmentCommercial BanksRequired
199016.9527.707.0163.140.0018.480.476.76140.51
199119.0929.366.3531.5121.4823.870.723.98136.36
199215.9624.906.8118.9120.2420.931.051.96110.76
199317.8516.206.8321.1312.0522.850.380.0297.31
199421.0110.487.6431.469.2124.210.060.07104.14
June16.1610.158.3748.530.0023.880.430.57108.09
1995
Source: Central Bank of Samoa.

Up to the end of December 1989, data were reported as at the last Wednesday of the month. This reporting date was changed to the last day of the month beginning January 1990.

Central Bank of Samoa Securities.

Source: Central Bank of Samoa.

Up to the end of December 1989, data were reported as at the last Wednesday of the month. This reporting date was changed to the last day of the month beginning January 1990.

Central Bank of Samoa Securities.

Table 19.Western Samoa: Balance Sheet of the Commercial Banks, 1990–95(In millions of tala; end of period)
Assets
Balances withCentral BankClaims on
Cash on

Hand
Central

Bank
Bankof Samoa SecuritiesForeign

Assets
GovernmentPrivate

Sector
Other 1/OtherTotal
RequiredOtherCBSS
19905.247.0163.140.0012.833.7958.812.5722.92176.29
19916.486.3531.5121.486.843.4563.192.3425.82167.50
19925.026.8118.9120.248.462.9970.912.5016.52155.30
19934.316.8321.1312.058.093.6281.290.7924.95163.06
19944.197.6431.469.2115.343.6775.493.1829.10179.30
June2.488.3744.244.309.141.7090.893.4530.50195.07
1995
Source: Central Bank of Samoa.

Nonfinaneial public enterprises and nonmonetary financial institutions.

Excludes provisions for specific purposes.

Liabilities
Demand DepositsSavingsTime DepositsCapital
Govern-CentralPrivateOther 1/DepositsGovern-PrivateOther 1/andForeign
mentBankSectormentSectorReserves 2/LiabilitiesOtherTotal
19902.3629.3425.498.8617.630.6529.7526.3123.551.3411.03176.30
19910.1116.8925.213.7618.552.2328.9028.3320.542.9819.96167.50
19921.915.8522.902.8618.940.0537.4125.1721.340.5516.53155.30
19933.015.9925.564.1418.030.0039.0420.5626.051.3019.38163.10
19942.326.2324.036.3518.640.0044.7027.5420.567.0021.91179.30
June11.824.4524.138.1120.070.0041.7037.1521.235.5120.90195.10
1995
Source: Central Bank of Samoa.

Nonfinaneial public enterprises and nonmonetary financial institutions.

Excludes provisions for specific purposes.

Source: Central Bank of Samoa.

Nonfinaneial public enterprises and nonmonetary financial institutions.

Excludes provisions for specific purposes.

Table 20.Western Samoa: Lending by Nonbank Financial Institutions, 1990–95
March
199019911992199319941995
(In millions of tala; end of period)
Total lending101.54108.67127.29144.91146.96150.77
Claims on Government14.9622.5117.1916.7714.1512.27
National Provident Fund11.2515.7013.597.404.944.94
Development Bank of
Western Samoa0.002.010.005.815.663.98
Western Samoa Life
Assurance Corporation1.561.360.980.940.880.88
Public Trust Office0.050.060.050.050.000.00
Post Office Savings Bank2.003.332.522.522.622.42
National Pacific insurance
Corporation0.100.050.050.050.050.05
Claims on public enterprises7.574.922.391.971.941.95
National Provident Fund 1/3.404.921.060.790.310.29
Development Bank of
Western Samoa4.170.000.000.001.631.66
Western Samoa Life
Assurance Corporation0.000.001.331.180.000.00
Claims on private sector79.0082.24107.71126.17130.87136.55
National Provident Fund24.4126.3542.6962.2170.0972.24
Development Bank of
Western Samoa42.9440.4445.5841.3039.7741.63
Western Samoa Life
Assurance Corporation4.074.004.966.446.837.62
Public Trust Office3.233.233.445.105.896.06
National Pacific
Insurance Corporation2.493.524.883.230.140.14
Housing Corporation 2/1.874.706.167.898.158.86
(In percent of total lending)
Claims on Government14.7320.7113.5011.579.638.14
Claims on public enterprises7.454.531.881.361.321.29
Claims on private sector77.8175.6884.6287.0789.0590.57
Source: Central Bank of Samoa.

Net of loans to Public Trust Office and Development Bank of Western Samoa.

The Housing Corporation began its operations in May 1990.

Source: Central Bank of Samoa.

Net of loans to Public Trust Office and Development Bank of Western Samoa.

The Housing Corporation began its operations in May 1990.

Table 21.Western Samoa: Assets of the National Provident Fund, 1990–95 1/(In thousands of tala; end of period)
March
199019911992199319941995
Total assets71,30080,30086,31698,988105,732109,313
Claims on Government11,25515,69413,5917,4054,9404,940
Claims on other public sector3,3984,9221,046787308285
Claims on private sector25,41125,35239,08962,20870,09272,244
Agriculture9008841,4781,9212,2522,307
Commerce5,9876,79583814,47218,30218,479
Services 2/4236695,98412,53414,42714,740
Construction18,10117,00430,78933,28135,11136,718
Other assets31,23634,33232,59028,58830,39231,844
Source: Department of Statistics.

Data for 1990–91 relate to the end of the NPF’s financial year, which started in April of the year shown. Data for 1992–94 relate to September of that year.

Includes other activities.

Source: Department of Statistics.

Data for 1990–91 relate to the end of the NPF’s financial year, which started in April of the year shown. Data for 1992–94 relate to September of that year.

Includes other activities.

Table 22.Western Samoa: Development Bank of Western Samoa Loan Operations, 1990–94(In thousands of tala; financial year ending September)
19901991199219931994
Value of loans approved9,4535,86110,0886,9128,952
Agriculture4,1133,0334,3752,3364,345
Mixed farming1,5124531,1336961,170
Taro1,4031,2452,0759165
Livestock and poultry2536751231,043
Bananas81523111021,709
Fishing40512185141193
Other4591,095766358225
Group lending1,9694262,5181,676702
Group projects57174332103
Infrastrueture1,9124092,4751,644599
Industry3,3712,4023,1952,9003,905
Manufacturing and
processing806431,082372212
Trucking and heavy
construction equipment341225298510
Transportation and
communications388839602765342
Wholesale, retail,
and hotels8431341734202,793
Professional services9931,1611,0401,292558
Value of loans outstanding44,42739,40944,73340,28241,579
Agriculture19,79117,70919,16316,40716,822
Group projects1,1651,9845,2853,9814,370
Industry23,47119,71620,28519,89420,387
Source: Development Bank of Western Samoa.
Source: Development Bank of Western Samoa.
Table 23.Western Samoa: Loans Approved by the Development Bank of Western Samoa, 1990–94(Financial year ending September)
19901991199219931994
Number of loans approved1,3908281,4949081,136
Agriculture1,2947311,3448011,030
Mixed farming412135306184317
Taro6345299914381
Livestock813231102
Bananas32272852437
Fishing5525103742
Other8012759131
Group lending2716293416
Group projects54535
Infrastructure2212243111
Industry69811217390
Manufacturing and processing116221531
Trucking and heavy
construction equipment32420
Transportation and
communications1426262212
Wholesale, retail, and hotels2028231525
Professional services2119461922
Source: Development Bank of Western Samoa.
Source: Development Bank of Western Samoa.
Table 24.Western Samoa: International Liquidity, 1990–94(In millions of U.S. dollars; end of period)
19901991199219931994
Foreign assets69.067.857.047.947.0
Official reserves55.856.344.034.335.6
Treasury 1/11.313.613.811.18.4
Of which: SDR holding4.23.83.53.63.9
Central Bank of Samoa44.542.730.223.227.2
Other foreign assets13.111.513.013.611.4
Sinking Fund7.68.79.210.55.1
Commercial banks5.52.83.83.16.2
Foreign liabilities1.01.71.51.63.8
Treasury0.20.20.90.91.0
Net IMF position0.20.20.90.91.0
Trust Fund loans0.00.00.00.00.0
Central Bank of Samoa0.20.30.40.10.0
Commercial banks0.61.20.20.52.9
Net foreign assets of
the monetary system67.966.255.446.443.1
Treasury18.722.122.120.712.5
Central Bank of Samoa44.342.529.823.127.1
Commercial banks4.91.63.52.63.4
Contingent import liabilities 2/7.59.85.31.66.9
Adjusted net foreign assets 3/60.456.450.144.836.2
Memorandum items:
Gross reserves in months of
imports of goods and services8.77.15.04.45.6
Tala per U.S. dollar (end period)2.332.452.562.612.46
Source: Central Bank of Samoa Bulletin.

Excluding Sinking Fund.

Result from the requirement, prescribed from time to time by the Central Bank, to open a letter of credit for imports in excess of c.i.f. consignment values.

Adjusted for contingent import liabilities.

Source: Central Bank of Samoa Bulletin.

Excluding Sinking Fund.

Result from the requirement, prescribed from time to time by the Central Bank, to open a letter of credit for imports in excess of c.i.f. consignment values.

Adjusted for contingent import liabilities.

Table 25.Western Samoa: Balance of Payments, 1990–94(In millions of U.S. dollars)
19901991199219931994
Current account balance (including official transfers)13.0-30.7-25.4-34.83.8
(In percent of GDP)(114)(-27.0)(-21.4)(-28.4)(2.8)
Trade balance-71.7-87.5-104.2-96.3-76.6
Exports, f.o.b.8.96.55.86.43.5
Imports, c.i.f.-80.6-94.0-110.1-102.7-80.1
Services, net26.517.317.012.723.7
Receipts42.438.042.840.145.1
Of which: Travel20.615.815.718.922.8
Export processing 1/-0.12.64.15.2
Payments-15.9-20.7-25.9-27.4-21.4
Of which: Investment income-1.5-2.4-2.6-4.4-4.4
Unrequited transfers, net58.239.661.948.856.6
Private39.831.043.431.332.9
Official18.48.618.517.423.7
Project grants16.39.414.418.624.7
Cash and commodity grants3.61.26.11.01.7
Others 2/-1.5-2.0-2.0-2.2-2.6
Capital account balance2.228.914.625.8-7.0
Public, net12.021.616.615.3-7.6
Disbursements15.624.120.018.110.3
Repayments-3.7-2.5-3.4-2.8-17.9
Private, net (including errors and omissions)-9.87.3-2.010.50.6
Overall balance15.1-1.8-10.8-9.0-3.2
Monetary movements (increase in
net foreign assets-)-15.11.810.89.03.2
Memorandum items:
Gross official reserves69.067.856.947.947.0
(In months of imports of goods and services)(8.7)(7.1)(5.0)(4.4)(5.6)
Current account (excluding official transfers)-5.4-39.2-43.9-52.2-20.0
(In percent of GDP)(-4.8)(-34.5)(-37.1)(-42.6)(-14.6)
External debt-service ratio 3/5.66.55.95.532.7
Sources: Data provided by the authorities; and staff estimates and projections.

Export processing receipts of an automotive wire-harnessing factory, for which only the value-added in foreign exchange is shown; neither gross values of imports nor exports of this activity are available.

Contributions to international organizations.

In percent of exports of goods and nonfactor services and private remittances.

Sources: Data provided by the authorities; and staff estimates and projections.

Export processing receipts of an automotive wire-harnessing factory, for which only the value-added in foreign exchange is shown; neither gross values of imports nor exports of this activity are available.

Contributions to international organizations.

In percent of exports of goods and nonfactor services and private remittances.

Table 26.Western Samoa: Exports by Commodity, 1990–94(In thousands of U.S. dollars; unles otherwise specified)
19901991199219931994
Copra
Volume (long tons) 1/2,40000057
Value47700021
Unit value (US$ per long ton)199000371
Coconut oil
Volume (metric tons)5,1883583700
Value1,805928300
Unit value (US$ per metric ton)34826233800
Copra meal
Volume (metric tons)2,21503600
Value1620300
Unit value (US$ per metric ton)7309000
Coconut cream
Volume (metric tons)1,5761,5571,2959601,211
Value2,4152,2001,9681,3491,783
Unit value (US$ per metric ton)1,5321,4131,5201,4051,472
Cocoa
Volume (long tons) 1/2202000
Value2173000
Unit value (US$ per long ton)9881,245000
Taro
Volume (’000 cases)1282121072022
Value1,5162,8691,9053,70234
Unit value (US$ per case)1214181817
Other exports (value)1,8251,1661,6491,3731,538
Beer373354687509462
Cigarettes254288380306298
Fruit juice80000
Timber9491264
Other 2/1,181520573546714
Total exports (value)8,4176,2475,8086,4243,376
Re-exports458224114107
Total exports, including
re-exports8,8756,4715,8196,4283,483
Source: Data provided by the Central Bank of Samoa.

One long ton (2,240 lbs.) = 1.016 metric tons.

Includes fish, kava, footwear, and handicrafts.

Source: Data provided by the Central Bank of Samoa.

One long ton (2,240 lbs.) = 1.016 metric tons.

Includes fish, kava, footwear, and handicrafts.

Table 27.Western Samoa: Destination of Exports, 1990–94 1/(In percent of total)
19901991199219931994
Pacific75.890.893.687.492.6
New Zealand33.552.344.851.645.5
Australia11.315.215.012.113.2
American Samoa21.314.625.617.419.5
Other9.78.78.26.314.4
United States5.89.16.412.63.1
Europe18.21.2
Germany 2/18.21.2
Netherlands0.00.00.00.00.0
Other0.00.00.00.00.0
Asia0.20.00.00.03.1
Japan0.20.00.00.01.5
Other0.00.00.00.01.6
Total exports100.0100.0100.0100.0100.0
Sources: Customs Department; and Central Bank of Samoa.

Includes re-exports.

Data prior to 1991 refer to the former Federal Republic of Germany only.

Sources: Customs Department; and Central Bank of Samoa.

Includes re-exports.

Data prior to 1991 refer to the former Federal Republic of Germany only.

Table 28.Western Samoa: Imports Classified by Broad Economic Category, 1991–94(In percent of total)
1991199219931994
Capital goods23.216.215.611.7
Transportation equipment6.64.24.63.4
Other16.612.011.08.3
Intermediate goods53.659.956.556.1
Food and beverages5.37.26.09.2
Industrial supplies30.934.732.330.7
Primary1.61.72.83.0
Processed29.333.029.527.7
Of which: Base metals8.69.27.06.4
Fuels and lubricants11.310.810.810.3
Parts and accessories
of capital goods6.17.27.45.9
Consumption goods23.223.927.932.1
Food and beverages13.514.417.421.0
Transportation equipment0.60.50.50.3
Consumer goods, n.e.s.9.19.09.910.8
Durable1.32.31.61.5
Semidurable2.72.32.62.9
Nondurable5.14.45.76.4
Total100.0100.0100.0100.0
Source: Central Bank of Samoa.
Source: Central Bank of Samoa.
Table 29.Western Samoa: Origin of Imports, 1991–94 1/(In percent of total)
1991199219931994
Pacific68.773.166.670.8
New Zealand38.138.638.937.3
Australia21.221.816.419.9
Fiji6.810.59.612.2
Other2.62.21.71.4
United States10.78.111.511.6
Europe4.84.85.32.0
Germany2.01.42.01.5
United Kingdom0.61.00.80.4
Netherlands1.80.20.10.0
Other0.42.22.40.1
Asia14.813.516.315.1
Japan9.45.010.79.5
Singapore1.50.51.31.7
China0.54.70.91.1
Hong Kong1.81.91.31.1
Other1.61.42.11.7
Middle East, Africa, and Latin America1.00.50.30.5
Total imports100.0100.0100.0100.0
Source: Central Bank of Samoa.

The categorization covers some territorial entities that are not states as understood by international law but for which statistical data are maintained on a separate and independent basis.

Source: Central Bank of Samoa.

The categorization covers some territorial entities that are not states as understood by international law but for which statistical data are maintained on a separate and independent basis.

Table 30.Western Samoa: Services Account, 1990–94(In millions of U.S. dollars)
19901991199219931994
Service receipts42.438.042.840.245.1
Transportation5.35.53.52.52.2
Travel20.615.815.719.022.8
Export processing 1/0.00.12.64.15.2
Other nonfactor9.810.115.911.212.0
Investment income6.76.55.23.42.9
Service payments-15.9-20.7-25.9-27.4-21.3
Transportation-2.2-2.6-3.6-5.8-3.4
Travel-2.0-1.8-1.9-2.4-3.7
Other nonfactor-10.2-13.9-17.8-14.8-9.8
Investment income-1.5-2.4-2.6-4.4-4.4
Interest-1.3-1.5-1.4-1.3-1.3
Government debt-1.0-1.2-1.2-1.1-1.1
Government-guaranteed debt-0.1-0.2-0.1-0.1-0.1
IMF charges-0.2-0.2-0.1-0.1-0.1
Dividends-0.2-0.9-1.2-3.1-3.1
Services, net26.517.317.012.823.8
Sources: Central Bank of Samoa; and staff estimates.

Assembly of automotive wiring harnesses.

Sources: Central Bank of Samoa; and staff estimates.

Assembly of automotive wiring harnesses.

Table 31.Western Samoa: External Grants by Donors, 1990–94(In millions U.S. dollars)
19901991199219931994
New Zealand2.31.82.42.83.4
Australia3.72.23.72.84.2
European Development Fund1.20.93.03.10.0
Germany 1/1.00.60.30.50.2
Japan7.22.52.77.514.9
United Nations Development
Program0.40.31.51.10.7
Other0.51.00.80.71.3
Subtotal16.39.414.418.624.7
Of which: Expenditure abroad 2/-1.5-2.0-2.0-2.2-2.6
Net subtotal14.87.412.416.422.1
Cash and commodities3.61.26.11.01.7
STABEX2.00.02.50.01.6
Other1.61.23.61.00.1
Total grants19.910.620.519.626.4
Source: Treasury Department.

Data prior to 1991 refer to the former Federal Republic of Germany only.

Expenditure abroad by donors, for example, on overseas training of Western Samoans.

Source: Treasury Department.

Data prior to 1991 refer to the former Federal Republic of Germany only.

Expenditure abroad by donors, for example, on overseas training of Western Samoans.

Table 32.Western Samoa: External Loan Disbursements and Repayments, 1990–94(In millions of U.S. dollars)
19901991199219931994
Total loan disbursements16.324.020.018.010.3
Loans contracted by Government16.124.019.818.010.3
Bilateral0.90.08.63.51.3
China0.90.08.63.51.3
Multilateral14.923.711.214.59.0
Asian Development Bank (AsDB)3.25.93.74.14.9
International Development Association3.57.17.18.61.6
OPEC0.00.00.20.60.4
EU/European Investment Bank0.32.30.21.21.3
International Fund for Agricultural Development0.10.10.00.00.8
AsDB program loan7.88.30.00.00.0
Other0.30.30.00.00.0
Saudi Fund0.20.00.00.00.0
Other0.10.30.00.00.0
Government-guaranteed loans0.20.00.20.00.0
Total amortization3.02.53.42.818.0
Loans contracted by Government2.52.23.02.63.5
Bilateral0.00.00.40.30.6
New Zealand0.00.00.40.30.6
Multilateral1.92.01.91.62.6
Asian Development Bank0.81.21.41.31.4
International Development Association0.10.10.10.10.1
OPEC0.70.50.30.10.1
EU/European Investment Bank0.10.20.10.00.9
International Fund for
Agricultural Development0.00.00.00.00.0
IMF Trust Fund0.10.00.00.00.0
Other0.60.20.60.70.3
Saudi Fund0.00.20.20.30.3
Germany0.60.00.40.40.0
Government-guaranteed loans0.50.30.40.314.5
Sources: Data provided by the Western Samoan authorities; and staff estimates.
Sources: Data provided by the Western Samoan authorities; and staff estimates.
Table 33.Western Samoa: External Public Debt Outstanding, 1990–94(In millions of U.S. dollars; end of period)
19901991199219931994
Total external debt 1/92.8107.9121.1135.3182.9
Government debt87.8104.2120.0134.8148.2
Bilateral4.66.411.914.713.7
New Zealand0.40.40.30.30.3
Germany1.61.50.60.20.0
China2.54.110.613.813.0
France0.10.40.40.40.4
Multilateral77.492.4103.6116.0131.3
Asian Development Bank47.067.261.965.069.5
Agricultural loan7.715.516.5,16.217.2
Other39.351.745.448.852.4
International Development Association18.218.631.639.843.1
OPEC1.60.90.91.51.7
IMF Trust Fund0.10.00.00.00.0
EU/European Investment Bank9.34.78.08.615.0
International Fund for
Agricultural Development1.21.01.21.12.0
Others5.85.44.54.13.2
New Zealand money market1.41.30.80.60.0
Saudi Fund4.23.93.73.63.2
Others0.20.20.00.00.0
Government-guaranteed debt 1/4.23.52.82.434.0
IMF credit outstanding0.70.20.00.00.0
Sources: Treasury Department of Western Samoa; and Central Bank of Samoa.

Data in 1994 reflects the takeover of Polynesian Airlines liabilities.

Sources: Treasury Department of Western Samoa; and Central Bank of Samoa.

Data in 1994 reflects the takeover of Polynesian Airlines liabilities.

Table 34.Western Samoa: Debt-Service Payments, 1990–94
19901991199219931994
(In millions of U.S. dollars)
Debt-service payments5.45.15.24.019.2
Amortization 1/3.33.03.72.817.4 2/
IMF repurchases0.80.60.10.00.0
Interest payments1.31.51.41.31.3 2/
Government debt1.01.21.21.11.1
Government-guaranteed debt0.10.20.10.10.1
IMF charges0.20.20.10.10.1
(In percent of exports of goods and non-factor services and private remittances)
Debt-service payments
Excluding IMF4.95.55.65.432.6
Including IMF6.06.55.95.532.7
Sources: Treasury Department; and staff estimates.

Includes repayments on government and government-guaranteed debt, and IMF repurchases.

In 1994, interest on Polynesian Airlines debt was capitalized and included under amortization payments.

Sources: Treasury Department; and staff estimates.

Includes repayments on government and government-guaranteed debt, and IMF repurchases.

In 1994, interest on Polynesian Airlines debt was capitalized and included under amortization payments.

Table 35.Western Samoa: Exchange Rates, 1989–95
U.S. DollarNew Zealand DollarAustralian DollarDeutsche MarkJapanese YenTrade-Weighted Index 1/Nominal Effective Exchange Rate Index 2/Real Effective Exchange Rate Index 2/
(Foreign currency per tala) 3/(1980 = 100) 4/
19890.43670.73120.55090.741462.6450.848.873.1
19910.42860.72920.55420.640357.6049.546.876.6
19920.40840.75480.53750.619151.1350.145.269.9
19930.39100.76030.56780.631148.7848.744.072.5
19940.38350.68630.56640.662042.8946.443.270.6
1992
Ql0.41240.75300.53670.677454.9350.344.472.7
Q20.40920.74960.54650.624851.3550.244.473.3
Q30.40310.75090.56460.568148.0549.943.471.7
Q40.39100.76030.56780.631148.7850.043.772.2
1993
Q10.39670.74300.56210.640446.1649.944.272.1
Q20.38860.72200.57810.656041.4849.043.369.4
Q30.38340.69750.59410.621140.3148.242.869.6
Q40.38350.68630.56640.662042.8947.742.571.4
1994
Q10.38580.68590.55050.645139.8047.142.778.2
Q20.39840.66990.54640.635639.4646.742.280.6
Q30.39480.65470.53400.611338.8746.041.378.9
Q40.40790.63490.52510.631840.6845.841.277.9
1995
Q10.40530.62410.55670.560836.2145.741.174.2
Q20.41130.61440.58040.569134.8040.475.5
Sources: Central Bank of Samoa; IMF, Information Notice System, and International Financial Statistics.

Trade-weighted index compiled by the Central Bank of Samoa, comprising the five currencies shown in the table.

As calculated under the IMF Information Notice System.

End-of-period data; from IMF, International Financial Statistics.

Period average.

Sources: Central Bank of Samoa; IMF, Information Notice System, and International Financial Statistics.

Trade-weighted index compiled by the Central Bank of Samoa, comprising the five currencies shown in the table.

As calculated under the IMF Information Notice System.

End-of-period data; from IMF, International Financial Statistics.

Period average.

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