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. 1996 Index
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Western Samoa Economy 1996
Agriculture employs more than half of the labor force, contributes 50% to
GDP, and furnishes 90% of exports. The bulk of export earnings comes from
the sale of coconut oil and copra. The economy depends on emigrant
remittances and foreign aid to support a level of imports much greater than
export earnings. Tourism has become the most important growth industry. The
economy continued to falter in 1994, as remittances and tourist earnings
remained low. Production of taro, the primary food export crop, has dropped
97% since a fungal disease struck the crop in 1993. The rapid growth in 1994
of the giant African snail population in Western Samoa is also threatening
the country's basic food crops, such as bananas and coconuts.
GDP - purchasing power parity - $400 million (1992 est.)
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National product real growth rate:
-
National product per capita:
-
Inflation rate (consumer prices):
$76.7 million, including capital expenditures of $NA (1994 est.)
$6.4 million (f.o.b., 1993)
coconut oil and cream, taro, copra, cocoa
New Zealand 34%, American Samoa 21%, Germany 18%, Australia 11%
$11.5 million (c.i.f., 1992 est.)
intermediate goods 58%, food 17%, capital goods 12%
New Zealand 37%, Australia 25%, Japan 11%, Fiji 9%
growth rate -0.3% (1992 est.); accounts for 16% of GDP
timber, tourism, food processing, fishing
accounts for about 50% of GDP; coconuts, fruit (including bananas, taro,
yams)
US commitments, including Ex-Im (FY70-89), $18 million; Western (non-US)
countries, ODA and OOF bilateral commitments (1970-89), $306 million; OPEC
bilateral aid (1979-89), $4 million
tala (WS$) per US$1 - 2.4600 (January 1995), 2.5349 (1994), 2.5681 (1993),
2.4655 (1992), 2.3975 (1991), 2.3095 (1990)
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