Economic activity as measured by Gross Domestic Product (GDP) for June 2023 quarter produced a total value added of $472.5 million in real terms.
This is according to the Samoa Bureau of Statistics report on government finances.
Economic performance increased by 8.4% compared to the same period of 2022 and marks a full set of consecutive quarters of positive growth, following quarters of economic declines which were evident impacts of the 2019 Pandemic.
This follows a revised growth rate of 7.9% for the March 2023 quarter.
International travel on the other hand increased significantly when compared to the June 2022 quarter and minor adjustments were incorporated to clearly reflect the peak in arrivals.
As positive contributors to the economy’s recovery, the Accommodation & Restaurants industry continues to show promising performance as a result of the influx of visitors arrivals within the reviewed period.
Business services through professional, scientific, technical activities and equipment rentals to name a few have also increased in growth which coincides with international travels as well as the growth in infrastructural developments conducted within the reviewed quarter compared to the corresponding quarter of the previous year.
