Economy of Samoa

<p>The economy of <a href="/facts/Samoa/lyQ1B9YV">Samoa</a> is dependent on agricultural exports, <a href="/facts/Development_aid/0FQxWKfK">development aid</a> and private financing from overseas. The country is vulnerable to devastating storms, earthquakes, tsunamis. Agriculture employs two-thirds of the labor force, and furnishes 9% of exports, featuring coconut cream, <a href="/facts/Coconut_oil/mULGkRTS">coconut oil</a> and <a href="/facts/Copra/mcGKbQ0R">copra</a>. Outside a large automotive <a href="/facts/Wire_harness/dUzgFHzx">wire harness</a> factory, the <a href="/facts/Secondary_sector_of_industry/X0sdl2dF">manufacturing sector</a> 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[<i>when?</i>] deregulation of the financial sector, encouragement of investment, and continued <a href="/facts/Fiscal_discipline/4SCSrFyD">fiscal discipline</a>. Observers point to the flexibility of the <a href="/facts/Labour_economics/RRlxNx0u">labor market</a> as a basic strength factor for future economic advances.
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Economy of Samoa open-in-new

Economy of Samoa