COVID-19 survey: Majority of Samoans lost income, struggle with debt )country comparison to the world (CIA rank, may be based on non-current data): The country is vulnerable to devastating storms. 9.9 (%) in 2021 In 2022, unemployment rate for Samoa was 10.3 %. Samoa - Unemployment, Total - 2023 Data 2024 Forecast 1991-2022 Historical Myanmar Economic Monitor June 2023: A fragile recovery - World Bank Group [permanent dead link] ^ "Current Unemployment Rates for States and Historical Highs/Lows". [see also: GDP - composition, by end use - investment in fixed capital country ranks ] Figure 5c: Youth unemployment rate by sex and age group (%) Note: Youth aged 15-29. in International Migrant Stock: Migrants by Destination and Origin Source: Authors' estimates based on the Samoa 2012 Labour Force Survey. All suggestions for corrections of any errors about Samoa Economy 2020 should be addressed to the CIA or the source cited on each page. [see also: GDP country ranks ], GDP (official exchange rate): $841 million [see also: GDP - composition, by sector of origin - industry country ranks ] With 10.31 percent, the unemployment rate thereby reached its highest value in the observed period. $147 million (2014 est. Learn more about how Statista can support your business. The Unemployment rate of Samoa attained a value of 7.35 % in 2021. ^ "Lolo Administration is confident "in the future strength of our economy" ". (31 December 2017 est.) American Samoa Unemployment Rate -2023 | MacroTrends 192 The service sector accounts for nearly two-thirds of GDP and employs approximately 50% of the labor force. Advertising | 4 Samoa Bureau of Statistics et al. $404.3 million World Bank, Currently, you are using a shared account. [see also: GDP - composition, by end use - investment in inventories country ranks ] (2016 est. The latest value from is percent. industry: 23.6% Labour Force Statistics database ( LFS ) ILOSTAT. (2016 est.) [see also: Stock of broad money country ranks ], Stock of domestic credit: (2016 est. The employment rate in Samoa - knoema.com [see also: Reserves of foreign exchange and gold country ranks ], Debt - external: $5,700 Show publisher information Unemployment, female (% of female labor force) (modeled ILO estimate), Unemployment, female (% of female labor force) (national estimate), Unemployment, male (% of male labor force) (modeled ILO estimate), Unemployment, total (% of total labor force) (national estimate), Unemployment, male (% of male labor force) (national estimate), Unemployment with advanced education (% of total labor force with advanced education), Unemployment with basic education, female (% of female labor force with basic education), Share of youth not in education, employment or training, female (% of female youth population), International Comparison Program & Purchasing Power Parity, International Household Survey Network (IHSN), Trust Fund for Statistical Capacity Building. NOTE: 1) The information regarding Samoa on this page is re-published from the 2020 World Fact Book of the United States Central Intelligence Agency and other sources. Other. country comparison to the world (CIA rank, may be based on non-current data): Household income or consumption by percentage share. May 10, 2023. [see also: GDP - composition, by end use - government consumption country ranks ] The Employment Index experienced negative growths in the previous years and has continued on to the quarter under review which makes it the eighth consecutive decline after a positive growth rate recorded in September 2019. They were placed on your device when you launched this website. Participation Rate. agriculture: 10.4% PDF FLSA MINIMUM WAGE IN AMERICAN SAMOA - U.S. Department of Labor 2.5609 ILO Modelled Estimates and Projections database ( ILOEST ) ILOSTAT. Profit from the additional features of your individual account. Federal Reserve Bank of St. Louis; Samoa Observer | Youth unemployment doubles; dropout rates increase 180 (31 December 2017 est.) Advanced users can use our Python/R/Matlab packages. Unemployment rate: 29.8% 2005: 3rd out of 15: SOURCES: CIA World Factbooks 18 December 2003 to 28 March 2011; CIA World Factbooks . Therefore, this release does not contain any census tracts from . (May 10, 2023). 180 [see also: GDP - per capita country ranks ], GDP - composition, by end use: List of countries by unemployment rate - Wikipedia The fish processing business accounted for 15.5% of employment in 2015. 2.566 This site uses cookies to optimize functionality and give you the best possible experience. The economy of Samoa has traditionally been dependent on development aid, family remittances from overseas, tourism, agriculture, and fishing. 186 Samoa unemployment rate for 2020 was 9.15%, a 0.74% increase from 2019. )country comparison to the world (CIA rank, may be based on non-current data): No claims are made regarding the accuracy of Samoa Economy 2020 information contained . Samoa Observer | Unemployment's two-year spike )country comparison to the world (CIA rank, may be based on non-current data): 2.565 Our website uses cookies to improve your online experience. Retrieved 2010-12-12. If you continue to navigate this website beyond this page, cookies will be placed on your browser. The effects of COVID-19 worldwide with its national restrictions contributed to this downturn in performance, read the report. Samoa - The World Factbook Public Administration employed about 25.2 per cent whereas the Secondary Sector accounted 11.5 per cent. household consumption: American Samoa | Economic Indicators | Moody's Analytics (American Samoa, Commonwealth of the Northern Mariana Islands, Guam, and the U.S. Virgin Islands) are not yet available. The unemployment rate in the US increased to 3.7 percent in May 2023, the highest since October 2022 and above market expectations of 3.5 percent. Youth Unemployment Rate for Samoa [SLUEM1524ZSWSM], 78 $27.5 million Youth unemployment rate in Samoa in 2022 Published by Aaron O'Neill , May 12, 2023 The youth unemployment rate in Samoa increased by 0.8 percentage points since the previous year. Data & Insights Macro-economic The Unemployment rate of Samoa (2018 - 2026, %) Share The Unemployment rate of Samoa attained a value of 7.35 % in 2021 The indicator recorded a historical change (bps difference) of 50 bps between 2018 to 2021, and is expected to decline by. Privacy, Employment numbers in Samoa continue to decline [see also: GDP (official exchange rate) country ranks ], GDP - real growth rate: Samoa Unemployment rate forecast - TheGlobalEconomy.com Sixty-eight percent of Samoan respondents to a survey say they have lost income, almost half of households have at least one unemployed member and 71 percent of people are having trouble repaying. The advance seasonally adjusted insured unemployment rate was 3.7 percent for the week ending July 3, an increase of 0.2 percentage point from the prior week's revised rate of 3.5 percent. )country comparison to the world (CIA rank, may be based on non-current data): 52.6% of GDP To learn more about cookies, click here. Samoa Unemployment rate, 1960-2022 - knoema.com World Development Indicators, Units: International Labour Organization. 01 July 2023, 1:09PM, France-bound Maliko available for Olympics. Youth Unemployment Rate. The negative growth in employment numbers since December 2019 were contained in a Samoa Bureau of Statistics report for the September quarter of this year. American Samoa Economy Stats: NationMaster.com Unemployment Rate. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 1000+ markets in 190+ countries & territories, Insights on consumer attitudes and behavior worldwide, Business information on 70m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Unemployment, youth total (% of total labor force ages 15-24) (modeled ILO estimate) - Samoa from The World Bank: Data Free and open access to global development data Data Samoa: Unemployment rate forecast: For that indicator, we provide data for Samoa from to . Employers, total (% of total employment) (modeled ILO estimate) in Samoa was reported at 2.7047 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. Samoa - Youth unemployment rate (female to male ratio) Samoa - Share of employment in nonagriculture, female (% of total employment in nonagriculture) Samoa - Antenatal care coverage, at least one visit (%) Samoa - Contraceptive prevalence, any method (% of married or in-union women of reproductive age, 15 - 49 years) $389.5 million 9.09% The unemployment rate will only rise higher due to natural disasters' effect . Continue reading View Factbook for American Samoa Factbook Background Background: $131.7 million [see also: Commercial bank prime lending rate country ranks ], Stock of narrow money: This performance reflected negative growth in industries such as accommodation, other services, fishing and construction to name a few. (2017 est.) This was mainly due to the effects of the COVID-19 pandemic on normal business operations and travel restrictions. exports of goods and services: 27.2% API users can feed a custom application. Unemployment rate: 5.2% (2017 est.) 1.3% According to the source, the data are ILO estimates. (2013 est.). The Trading Economics Application Programming Interface (API) provides direct access to our data. The latest value from 2021 is 9.91 percent. Browse over 28M data points across 22 industries. Samoa Youth Unemployment Rate 1991-2023 | MacroTrends NA. [see also: Population below poverty line country ranks ], Household income or consumption by percentage share: The manufacturing sector mainly processes agricultural products. revenues: 237.3 million were not in paid employment or self-employment; b) currently available for work, i.e. services: 66% 72 [see also: Debt - external country ranks ], Exchange rates: tala (SAT) per US dollar - 49.1% of GDP During May 2023, the number of unemployed persons was 8,322. PUA also has a new official telephone number and can now be reached at 684-633-2206 effective . (2015 est.) While the total wages amounted to $142.7 million, males received the biggest share of 54 per cent while females received 46 per cent of total wages. The average value for Samoa during that period was 5.96 percent with a minimum of 2.1 percent in 1991 and a maximum of 9.91 percent in 2021. Labor Force Environment Crime Immigration Other Unemployment Rate Youth Unemployment Rate Participation Rate Unemployment refers to the share of the labor force that is without work but available for and seeking employment. 5.5% (2016 est.) NAcountry comparison to the world (CIA rank, may be based on non-current data): (2017 est.) -$37 million 2.565 Most indicators suggest economic activity is slowly increasing, albeit from a very low base. The Unemployment rate of Samoa (2018 - 2026, %) - GlobalData (2017 est.) Samoa. 01 July 2023, 6:00PM. The unemployment rate in Samoa stands at percent according to the latest data from . Explore resources provided by the Research Division at the Federal Reserve Bank of St. Louis, Federal Reserve Bank of St. Louis, [see also: GDP - real growth rate country ranks ], GDP - per capita (PPP): Samoa - unemployment rate 2003-2022 | Statista 169 Samoa unemployment rate for 2021 was 9.84%, a 0.69% increase from 2020. (2016 est.) Employment Statistics - Samoa Bureau of Statistics American Samoa's minimum wage rates are set for particular industries, not for an employee's particular occupation. $122.5 million (2016 est. 2023 Data 2024 Forecast 1991-2022 Historical, Unemployment, total (% of total labor force) (modeled ILO estimate) in Samoa was reported at 10.31 % in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources. American Samoa Youth Unemployment Rate -2023 - Macrotrends Factbook > Countries > Samoa > Economy. An efficient statistical system that provides trusted and valued statistics to inform policy and decision making for the benefit of Samoa, 2023 | Samoa Bureau of Statistics, All Right Reserved, SBS Strategy for Development of Statistics, HIES - Household Income and Expenditure Survey, SAMOA STRATEGY FOR DEVELOPMENT OF STATISTICS, Employment Report Jun 2019 (Samoan Version), Employment Report December Quarter (Samoan version), Employment Report_September 2018 Quarter (Samoan Version), Employment Statistics Report September 2018 Quarter, Employment Statistics Report_December 2018 Quarter, Employment Report_December 2017 (Samoan Version), Employment_Report_March_2017_quarter_FINAL, Employment Statistics September 2016 Quarter, Formal Employment Report March 2016 Quarter, Employment Statistics Report January December 2015. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Show sources information $5,700 Local company Onomea Production has been contracted by Samoa Tourism Authority to By Gutu Faasau . (2017 est.) Terms & Conditions | The report found headline employment numbers in the quarter decreased by 0.2 per cent. (31 December 2015 est. NA In 2022, unemployment rate for Samoa was 10.3 %. NSO Malta | Unemployment Rate: May 2023 - NSO Malta Agriculture, including fishing, furnishes 90% of exports, featuring fish, coconut oil, nonu products, and taro. Samoa: Staff Concluding Statement of the 2021 Article IV Mission - IMF [see also: Stock of narrow money country ranks ], Stock of broad money: )country comparison to the world (CIA rank, may be based on non-current data): Many of the people in Samoa rely on agriculture as their main source of income. (2017), Reserves of foreign exchange and gold: Source: CIA World Factbook - This page was last updated on Saturday, September 18, 2021. The OECD harmonized unemployment rate gives the number of unemployed persons as a percentage of the labor force (the total number of people employed plus unemployed). (2015 est.) note: data are in 2017 dollarscountry comparison to the world (CIA rank, may be based on non-current data): May 2020. Key Findings. Bartering in Samoa during COVID-19 - Devpolicy Blog from the (2015 est.) Unemployment, youth total (% of total labor force ages 15-24) (national estimate), Unemployment, youth male (% of male labor force ages 15-24) (national estimate), Unemployment, youth female (% of female labor force ages 15-24) (national estimate), Unemployment, youth male (% of male labor force ages 15-24) (modeled ILO estimate), Unemployment, youth female (% of female labor force ages 15-24) (modeled ILO estimate), Unemployment, female (% of female labor force) (modeled ILO estimate), Unemployment with advanced education (% of total labor force with advanced education), Unemployment with basic education, female (% of female labor force with basic education), International Comparison Program & Purchasing Power Parity, International Household Survey Network (IHSN), Trust Fund for Statistical Capacity Building. 180 Youth Unemployment Rate for Samoa - FRED | St. Louis Fed (2017 est.) List of U.S. states and territories by unemployment rate [see also: Unemployment rate country ranks ], Population below poverty line: NA It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. In 1918, a New Zealand ship introduced the Spanish flu, infecting 90% of the population and killing more than 20%. [see also: Exports country ranks ], Exports - partners: Australia 22.9%, NZ 22.8%, American Samoa 22.1%, Afghanistan 14.9%, US 5.9% Household income or consumption by percentage share: lowest 10%: NA% highest 10%: NA% (2017), Exports - commodities: fish, coconut oil and cream, nonu, copra, taro, automotive parts, garments, beer, Imports: The description is composed by our digital data assistant. [see also: Current account balance country ranks ], Exports: NA country comparison to the world . The unemployment rate data in Samoa are collected on a monthly. The policy rate has remained at 15 basis points, signaling appropriate support in the context of low inflation. International Labour Organization. Economic conditions in Myanmar have stabilized in the first half of 2023. American Samoa youth unemployment rate for was 0.00%, a 0% increase from . )country comparison to the world (CIA rank, may be based on non-current data): 166 (31 December 2013 est. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. What is unemployment rate? investment in inventories: 0.1% White label accounts can distribute our data. )country comparison to the world (CIA rank, may be based on non-current data):
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