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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. One factory in the Foreign Trade Zone employs 3,000 people to make automobile electrical harnesses for an assembly plant in Australia. Tourism is an expanding sector accounting for 25% of GDP; 122,000 tourists visited the islands in 2007. In late September 2009, an earthquake and the resulting tsunami severely damaged Samoa, and nearby American Samoa, disrupting transportation and power generation, and resulting in about 200 deaths. The Samoan Government has called for deregulation of the financial sector, encouragement of investment, and continued fiscal discipline, while at the same time 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.
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$1.037 billion (2009 est.)
country comparison to the world: 199
$1.045 billion (2008 est.)
$1.082 billion (2007 est.)
note:
data are in 2009 US dollars
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$558 million (2009 est.)
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-0.8% (2009 est.)
country comparison to the world: 124
-3.4% (2008 est.)
6.4% (2007 est.)
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$5,400 (2009 est.)
country comparison to the world: 139
$5,500 (2008 est.)
$5,800 (2007 est.)
note:
data are in 2009 US dollars
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agriculture: 11.6%
industry:
13.1%
services:
75.3% (2004 est.)
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66,270 (2007 est.)
country comparison to the world: 184
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agriculture: NA%
industry:
NA%
services:
NA%
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NA%
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NA%
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lowest 10%: NA%
highest 10%:
NA%
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revenues: $171.3 million
expenditures:
$78.1 million
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6% (2007 est.)
country comparison to the world: 155
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12.66% (31 December 2008)
country comparison to the world: 71
12.65% (31 December 2007)
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$60.13 million (31 December 2008)
country comparison to the world: 158
$69.97 million (31 December 2007)
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$162.8 million (31 December 2008)
country comparison to the world: 152
$168.7 million (31 December 2007)
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$208.5 million (31 December 2008)
country comparison to the world: 130
$215.1 million (31 December 2007)
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$NA
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coconuts, bananas, taro, yams, coffee, cocoa
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food processing, building materials, auto parts
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2.8% (2000)
country comparison to the world: 49
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109 million kWh (2007 est.)
country comparison to the world: 189
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101.4 million kWh (2007 est.)
country comparison to the world: 191
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0 kWh (2008 est.)
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0 kWh (2008 est.)
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0 bbl/day (2009 est.)
country comparison to the world: 134
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1,000 bbl/day (2009 est.)
country comparison to the world: 195
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0 bbl/day (2007 est.)
country comparison to the world: 176
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1,105 bbl/day (2007 est.)
country comparison to the world: 188
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0 bbl (1 January 2009 est.)
country comparison to the world: 127
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0 cu m (2008 est.)
country comparison to the world: 134
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0 cu m (2008 est.)
country comparison to the world: 154
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0 cu m (2008 est.)
country comparison to the world: 132
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0 cu m (2008 est.)
country comparison to the world: 137
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0 cu m (1 January 2009 est.)
country comparison to the world: 137
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-$24 million (2007 est.)
country comparison to the world: 65
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$131 million (2006)
country comparison to the world: 186
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fish, coconut oil and cream, copra, taro, automotive parts, garments, beer
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American Samoa 41.12%, Australia 24.74%, Taiwan 6.24%, China 5.61%, US 4.07% (2009)
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$324 million (2006)
country comparison to the world: 192
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machinery and equipment, industrial supplies, foodstuffs
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NZ 24.13%, Fiji 17.34%, Singapore 12.54%, China 10.02%, Australia 9.85%, US 5.95% (2009)
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$70.15 million (FY03/04)
country comparison to the world: 151
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$177 million (2004)
country comparison to the world: 174
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tala (SAT) per US dollar - NA (2007), 2.7594 (2006), 2.7103 (2005), 2.7807 (2004), 2.9732 (2003)
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