Economy of Samoa
| Statistics | |
|---|---|
| GDP | |
| GDP rank | |
GDP growth |
|
GDP per capita |
|
GDP per capita rank | |
| 3.672% (2018) | |
| External | |
Main export partners |
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Main import partners |
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All values, unless otherwise stated, are in US dollars. | |
The economy of Samoa is dependent on agricultural exports, development aid, and private financing from overseas. The country is vulnerable to devastating storms, earthquakes, and tsunamis. Agriculture employs two-thirds of the labor force, and furnishes 9% of exports, featuring coconut cream, coconut oil and copra. Outside of a large automotive wire harness factory, the manufacturing sector mainly processes agricultural products. Tourism is an expanding sector; more than 70,000 tourists visited the islands in 1996 and 120,000 in 2014. The Samoan Government has called for deregulation of the financial sector, encouragement of investment, and continued fiscal discipline. Observers point to the flexibility of the labor market as a basic strength factor for future economic advances.