Agriculture is the base of
Samoa Economy. It not only contributes to the internal economy but is an important source of earnings through export. The economy is less dependent on the manufacturing and the service sectors because they are not quite developed but growing at a great speed. Tourism is becoming an important source of economy day by day.
Samoa Economy has been greatly affected by the adverse forces like vagaries, natural disasters and international trade. The government has taken certain measures to maintain the economic growth stable and protect the development of the private sector.
The government wants to establish private sector as a strong base of economy. To improve the
Economy of Samoa the government is approving foreign investment other than using the resources of the country. Government is trying to improve the business environment. Therefore some measures have been taken which include
- Providing duty concession on equipments and machinery
- Restructuring the tax system
- Emphasizing on infrastructure
- Refining monetary policies to ensure enough credit
Economy in Samoa comes under the category of middle-income economy. However it is getting stable and improved day by day.
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