Samoa is generally considered a developing country, characterized by economic challenges and a significant portion of its population facing poverty, rather than being affluent.
Samoa's Economic Landscape
As a small island developing state in the Pacific, Samoa's economy, while showing progress in certain areas, continues to navigate various socioeconomic hurdles. Its key economic drivers include tourism, agriculture, and remittances from Samoans living abroad. However, several indicators highlight the ongoing need for development.
Key Economic and Social Indicators
Data points reveal the economic realities and social well-being in Samoa, illustrating its position as a country actively working towards greater prosperity.
- Poverty Levels: A notable percentage of the population lives below the national poverty line. In 2018, 21.9% of the population in Samoa lived below the national poverty line, indicating that nearly a quarter of its citizens face economic hardship.
- Unemployment Rate: Job availability is also a factor influencing the economic well-being of households. In 2017, the unemployment rate in Samoa was 9.4%, which signifies a challenge in providing sufficient employment opportunities for its workforce.
- Child Mortality: Health and developmental indicators also provide insight into living conditions. For every 1,000 babies born in Samoa in 2022, 16 died before their 5th birthday. While this rate has seen improvements over time, it reflects areas where public health and living standards can still advance to align with those of wealthier nations.
Summary of Indicators
The following table summarizes key statistics that illustrate Samoa's current developmental status:
Indicator | Value (Year) | Implication |
---|---|---|
Population Below Poverty Line | 21.9% (2018) | A significant portion of the population faces economic hardship. |
Unemployment Rate | 9.4% (2017) | Reflects challenges in job creation and economic stability for households. |
Under-5 Mortality Rate | 16 per 1,000 (2022) | Points to ongoing public health and living standard challenges. |
These figures collectively suggest that while Samoa is progressing, it still faces significant economic and social challenges typical of a developing nation, placing it in the category of neither rich nor affluent. For more information on Samoa's economic development, you can refer to resources from international organizations like the World Bank.