Front Matter Page
© 2005 International Monetary Fund
June 2005
IMF Country Report No. 05/221
Samoa: Selected Issues and Statistical Appendix
This Selected Issues paper and Statistical Appendix for Samoa was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with the member country. It is based on the information available at the time it was completed on May 23, 2005. The views expressed in this document are those of the staff team and do not necessarily reflect the views of the government of Samoa or the Executive Board of the IMF.
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Front Matter Page
INTERNATIONAL MONETARY FUND
SAMOA
Selected Issues and Statistical Appendix
Prepared by Marcos Chamon, Romuald Semblat (both APD) and Anne Morant (Pacific Financial Technical Assistance Centre)
Approved by the Asia and Pacific Department
May 23, 2005
Contents
I. The Importance and Determinants of International Remittances to Samoa
A. Introduction
B. The Economic Impact of Remittances on Samoa
C. Empirical Analysis of the Macroeconomic Determinants of Remittances to Samoa
D. Conclusions
References
Box
I.1 An Overview of the Empirical Evidence on the Economic Impact of Remittances
Tables
I.1 Current Account Balance with and without Remittances
I.2 Mean and Standard Deviation of Yearly Growth in Remittances, Exports of Goods and GDP from 1995 to 2004
I.3 Yearly Growth and Volatility of Remittances by Currency of Measurement
I.4 Share of Income from Remittances and Share of Total Remittances by Household Income
I.5 Regressions for Changes in Remittance Flows
I.6 Error Correction Model (ECM) Regressions for Changes in Remittance Flows
II. Fiscal Policy Issues and Medium-Term Debt Sustainability Analysis
A. Introduction
B. Evolution of Samoa’s Debt Situation
C. Recent Developments in the Fiscal Performance
D. Public Sector Reforms and Fiscal Developments
E. Debt Sustainability Analysis
F. Conclusions and Policy Implications
Tables
II.1 Samoa: Public Sector Debt Sustainability Framework, Baseline and Alternative Scenarios, 2002/03–2009
Statistical Appendix Tables
1. Gross Domestic Product by Sector at Constant 2002 Prices, 1999–2004
2. Gross Domestic Product by Sector at Current Prices, 1999–2004
3. Indices of Industrial Production, 1999–2004
4. Energy Statistics, 1999–2004
5. Building Permits Issued, 1997–2002
6. Consumer Prices, 1999–2004
7. Financial Operations of the Central Government, 1999/00–2004/05
8. Revenue of the Central Government, 1999/00–2004/05
9. Current Expenditure Classified by Function, 1999/00–2004/05
10. External Grants by Donors and Loan Disbursements, 1999/00–2004/05
11. Public Enterprises and Statutory Authorities, 1999–2004
12. Structure of the Financial System, 1999–2004
13. Monetary Survey, 1999/00–2004/05
14. Summary Accounts of the Monetary Authorities, 1999/00–2004/05
15. Balance Sheet of the Commercial Banks, 1999–2004
16. Credit to the Private Sector, 1999–2004
17. Interest Rates, 1999–2004
18. International Liquidity, 1999/00–2004/05
19. Balance of Payments, 1999/00–2004/05
20. Exports by Commodity, 1999/00–2004/05
21. Destination of Exports, 1999/00–2004/05
22. Origin of Imports, 1999/00–2004/05
23. Services and Income Account, 1999/00–2004/05
24. External Public Debt Outstanding, 1999/00–2009/10
25. Exchange Rates, 1997–2004