Welcome to the Central Bank of Samoa

The Central Bank of Samoa is the nation's reserve bank and, as such, it acts as a bank to the Government and the commercial banks.

What's New

Public and Stakeholder Consultation for the Credit Registry Bill

6th September 2023

: Economic Update for 12 months to June 2023

A. THE SAMOAN ECONOMY

Central Bank of Samoa Adjusts its Monetary Policy Stance for FY2023/2024

At its Meeting on the 10th of August 2023, the Central Bank Board met to discuss and set an appropriate monetary policy stance for the fiscal year 2023/2024.

Key Statistics

July 2023

Official Interest Rate 0.20%
Commercial Banks Lending rates 8.30%
Commercial Banks Deposit rates 1.77%
Headline Inflation Rate 11.5%
Official International Reserves SAT$1,145.3M
Import Cover (Good only) 11.4months

Real GDP
2021/22 SAT$1,868M (-5.3%)
2018/19 SAT$2,191M (+4.5%)
2019/20SAT$2,123M (-3.1%)
2020/21 SAT$1,972M (-7.1%)
2021/22 SAT$1,853M (-6.0%)

Nominal GDP

2021/22 SAT$2,170M (0.0%)
2018/19 SAT$2,390M (+6.0%)
2019/20 SAT$2,344M (-1.9%)
2020/21 SAT$2,169M (-7.5%)
2021/22 SAT$2,169M (-0.2%)

Nominal GDP Per Capita
2017/18 SAT$11,162per person
2018/19 SAT$11,947per person
2019/20 SAT$11,625 per person
2020/21 SAT$10,670 per person
2021/22 SAT$10,583 per person

Daily Exchange Rates

Friday 22 September 2023

Midrate:
SAT/USD - 0.35899 Per SAT $1
Commercial Banks Outer Limit T/T per SAT$1
SAT/USD:
Sell - 0.35049 Buy - 0.36749

July 2023

Official Interest Rate 0.20%
Commercial Banks Lending rates 8.30%
Commercial Banks Deposit rates 1.77%
Headline Inflation Rate 11.5%
Official International Reserves SAT$1,145.3M
Import Cover (Good only) 11.4months

Real GDP
2021/22 SAT$1,868M (-5.3%)
2018/19 SAT$2,191M (+4.5%)
2019/20SAT$2,123M (-3.1%)
2020/21 SAT$1,972M (-7.1%)
2021/22 SAT$1,853M (-6.0%)

Nominal GDP

2021/22 SAT$2,170M (0.0%)
2018/19 SAT$2,390M (+6.0%)
2019/20 SAT$2,344M (-1.9%)
2020/21 SAT$2,169M (-7.5%)
2021/22 SAT$2,169M (-0.2%)

Nominal GDP Per Capita
2017/18 SAT$11,162per person
2018/19 SAT$11,947per person
2019/20 SAT$11,625 per person
2020/21 SAT$10,670 per person
2021/22 SAT$10,583 per person