The economy of Samoa is dependent on agricultural exports, development aid and private family remittances from overseas. 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 factor for future economic advances.
Read more about Economy Of Samoa: Trade, Non-conventional Sources of Revenue, Manufacturing, Natural Disasters, Future Prospects, Statistics
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