ourists 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.)
GDP - real growth rate:
5% (2002 est.)
GDP - per capita:
purchasing power parity - $5,600 (2002 est.)
GDP - composition by sector:
agriculture: 14%
industry: 23%
services: 63% (2001 est.)
Labor force:
90,000 (2000 est.)
Labor force - by occupation:
NA
Unemployment rate:
NA; note - substantial underemployment
Population below poverty line:
NA
Household income or consumption by percentage share:
lowest 10%: NA
highest 10%: NA
Inflation rate (consumer prices):
4% (2001 est.)
Budget:
revenues: $105 million
expenditures: $119 million, including capital expenditures of NA
(2001-02)
Agriculture - products:
coconuts, bananas, taro, yams, coffee, cocoa
Industries:
food processing, building materials, auto parts
Industrial production growth rate:
2.8% (2000)
Electricity - production:
122 million kWh (2002)
Electricity - production by source:
fossil fuel: 58%
hydro: 42%
nuclear: 0%
other: 0% (2001)
Electricity - consumption:
113.5 million kWh (2002)
Electricity - exports:
0 kWh (2002)
Electricity - imports:
0 kWh (2002)
Oil - production:
0 bbl/day (2001 est.)
Oil - consumption:
1,000 bbl/day (2001 est.)
Oil - exports:
NA
Oil - imports:
NA
Exports:
$14 million f.o.b. (2002)
Exports - commodities:
fish, coconut oil and cream, copra, taro, automotive parts,
garments, beer
Exports - partners:
Australia 67.2%, US 5.7%, Indonesia 5.3% (2004)
Imports:
$113 million f.o.b. (2002)
Imports - commodities:
machinery and equipment, industrial supplies, foodstuffs
Imports - partners:
New Zealand 25.1%, Fiji 21.5%, Taiwan 9.1%, Australia 8.9%,
Singapore 8.5%, Japan 7.5%, US 4.7% (2004)
Debt - external:
$197 million (2000)
Economic aid - recipient:
$42
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