Construction produced a total value added of $18.6 million March quarter

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Construction produced a total value added of $18.6 million in the March 2023 quarter in constant prices, increasing by 22.3% year-on-year. This is according to the latest GDP report by the Samoa Bureau of Statistics. 

The report says construction contributed 0.8 percentage points to overall GDP growth for the March 2023 quarter. 

The Government Finance Statistics (GFS) December 2022 report recorded an increase of $21.0 million or 162.9% in the net acquisition of nonfinancial fixed assets compared to the same quarter of the previous year.

This reflects the continuation developments, mainly major construction and infrastructural works such as the completion of roadworks during the March 2023 quarter. 

The Construction industry contributed 4.4 per cent to the total GDP in current prices for the period under review. It has increased its share to real nominal GDP on a y-o-y basis.