Cover IMF Staff Country Reports
Samoa: Selected Issues and Statistical Appendix
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2005: Issue 221
Language:
English
Publication Date:
29 Jun 2005
DOI:
https://doi.org/10.5089/9781451840728.002
ISBN:
9781451840728
ISSN:
1934-7685
Pages:
49
Keywords:
ISCR; CR; remittance; remittance flow; GDP; Samoa; remittance receipt; GDP ratio; remittances in Samoa; counter-cyclical remittance; remittance growth; Remittances; Income; Pacific Islands
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This Selected Issues paper on Samoa reports that remittances are the main source of foreign exchange to the Samoan economy. In addition to remittances, travel credits also play an important role in the economy. Official transfers are also significant, and should remain an important source of balance-of-payments support over the medium term. Remittances are relatively more stable when measured in the remitting country’s currency compared with talas. Remittance receipts account for a similar share of income across different household income groups, except for the richest one.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2005: Issue 221