Samoa

The Independent State of Samoa (conventional long form) or Samoa (conventional short form) is a country comprising a group of islands in the South Pacific Ocean. Previous names are German Samoa from 1900 to 1914 and Western Samoa from 1914 to 1997.

Economy

Main article: Economy of Samoa

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The economy of Samoa has traditionally been dependent on development aid, private family remittances from overseas, and agricultural exports. 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. 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. 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 for future economic advances.

Related Topics:
Development aid - Remittances from overseas - Agricultural exports - Coconut - Copra - Tourism

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