Samoa Oil production Samoa Electricity production

Samoa Economy

Economy - overview:the economy of samoa has traditionally been dependent on development aid. family remittances from overseas. agriculture. and fishing. the country is vulnerable to devastating storms. agriculture employs two-thirds of the labor force. and furnishes 90% of exports. featuring coconut cream. coconut oil. and copra. the manufacturing sector mainly processes agricultural products. the decline of fish stocks in the area is a continuing problem. tourism is an expanding sector. accounting for 25% of gdp; about 88.000 tourists visited the islands in 2001. one factory in the foreign trade zone employs 3.000 people to make automobile electrical harnesses for an assembly plant in australia. the samoan government has called for deregulation of the financial sector. encouragement of investment. and continued fiscal discipline. meantime protecting the environment. observers point to the flexibility of the labor market as a basic strength for future economic advances. foreign reserves are in a relatively healthy state. the external debt is stable. and inflation is low.

GDP (purchasing power parity) : $1 billion (2002 est.)

Inflation rate: 4% (2001 est.)

Labor force : 90.000 (2000 est.)

Industries: food processing. building materials. auto parts

Samoa

			Over view
			Geography
			People
			Government
			Economy
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			Transportation
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Samoa More Facts

Electricity - production: 116 million kwh (2003)

Oil - production: 0 bbl/day (2003 est.)

Samoa More Facts

Exports: $94 million f.o.b. (2004 est.)

Imports : $285 million f.o.b. (2004 est.)
Currency (code) : tala (sat)