Positive September quarter for Samoa's economy

Samoa's September quarter has been recorded as the first quarter of positive economic growth since the discovery of Covid-19 community cases within the country in March 2022.

This is according to the Samoa Bureau of Statistics.

Economic activity, as measured by Gross Domestic Product or GDP, increased by 4-point-7 per cent in the September 2022 quarter, recording total GDP in real terms of $501-point-2 million tala.

Taxes and subsidies recorded for this period was the main contributor to total GDP growth; it went up by 23-point-5 per cent reports RNZ Pacific.

Employment numbers in the September 2022 quarter decreased by zero-point-2 per cent on a year-on-year basis, making it the twelfth consecutive quarter of negative growth since December 2019.

But wages and salaries went up zero-point-4 per cent.

 

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