Economy of Samoa

Economy of Samoa
Statistics
GDP	$0.862 billion (nominal, 2018); $1.176 billion (PPP, 2018);
GDP growth	7.2% (2016) 2.7% (2017); 0.9% (2018) 3.4% (2019e);
GDP per capita	$4,323 (nominal, 2018 est.); $5,899 (PPP, 2018 est.);
Inflation (CPI)	3.672% (2018)
External
Main export partners	India 22.9%; United States 19%; New Zealand 11.7%; Hungary 7.57% (2022);
Main import partners	China 24.6%; Singapore 15.9%; New Zealand 14.3%; South Korea 7.43%; United States 6.74%; Fiji 6.73% (2022);
	Main data source: CIA World Fact Book ; 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, tsunamis. Agriculture employs two-thirds of the labor force, and furnishes 9% of exports, featuring coconut cream, coconut oil and copra. Outside 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.

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