Samoa | DEC alternative conversion factor (LCU per US$)
The DEC alternative conversion factor is the underlying annual exchange rate used for the World Bank Atlas method. As a rule, it is the official exchange rate reported in the IMF's International Financial Statistics (line rf). Exceptions arise where further refinements are made by World Bank staff. It is expressed in local currency units per U.S. dollar. Statistical concept and methodology: The World Bank systematically assesses the appropriateness of official exchange rates as conversion factors. In certain countries, multiple or dual exchange rate activity exists and must be accounted for appropriately in underlying statistics. Doing so better reflects economic reality and leads to more accurate cross-country comparisons and country classifications by income level. Consequently, an alternative conversion factor is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate effectively applied to domestic transactions of foreign currencies and traded products. This applies to only a small number of countries, as shown in the country-level metadata. An alternative conversion factor is also used when the period covered by national accounts differs from the calendar year and the alternative conversion factor will then cover the same period. Alternative conversion factors are used in the Atlas methodology and elsewhere in World Development Indicators as single-year conversion factors.
Publisher
The World Bank
Origin
Independent State of Samoa
Records
63
Source
Samoa | DEC alternative conversion factor (LCU per US$)
1960 0.71429
1961 0.7155
1962 0.7192
1963 0.71919
1964 0.71919
1965 0.71919
1966 0.71919
1967 0.7195
1968 0.7211
1969 0.72107
1970 0.72107
1971 0.7192
1972 0.6754
1973 0.615
1974 0.60658
1975 0.6328
1976 0.7954
1977 0.7861
1978 0.7363
1979 0.8262
1980 0.9193
1981 1.0341
1982 1.2073
1983 1.5491
1984 1.8623
1985 2.2453
1986 2.2358
1987 2.1218
1988 2.079
1989 2.2686
1990 2.3095
1991 2.3975
1992 2.466
1993 2.568
1994 2.535
1995 2.4734
1996 2.494811
1997 2.4582
1998 2.752062
1999 3.000623
2000 3.176
2001 3.427
2002 3.472343
2003 3.166224
2004 2.857814
2005 2.7103
2006 2.7793
2007 2.6166
2008 2.6442
2009 2.7308
2010 2.537761
2011 2.387425
2012 2.301047
2013 2.284878
2014 2.322643
2015 2.424128
2016 2.613715
2017 2.535608
2018 2.566361
2019 2.617983
2020 2.697819
2021 2.570675
2022 2.605414
Samoa | DEC alternative conversion factor (LCU per US$)
The DEC alternative conversion factor is the underlying annual exchange rate used for the World Bank Atlas method. As a rule, it is the official exchange rate reported in the IMF's International Financial Statistics (line rf). Exceptions arise where further refinements are made by World Bank staff. It is expressed in local currency units per U.S. dollar. Statistical concept and methodology: The World Bank systematically assesses the appropriateness of official exchange rates as conversion factors. In certain countries, multiple or dual exchange rate activity exists and must be accounted for appropriately in underlying statistics. Doing so better reflects economic reality and leads to more accurate cross-country comparisons and country classifications by income level. Consequently, an alternative conversion factor is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate effectively applied to domestic transactions of foreign currencies and traded products. This applies to only a small number of countries, as shown in the country-level metadata. An alternative conversion factor is also used when the period covered by national accounts differs from the calendar year and the alternative conversion factor will then cover the same period. Alternative conversion factors are used in the Atlas methodology and elsewhere in World Development Indicators as single-year conversion factors.
Publisher
The World Bank
Origin
Independent State of Samoa
Records
63
Source