PREMIUM

Tourism drives surge in economy

By James Robertson 17 November 2019, 8:00PM

The Samoan economy returned to a rate of substantial economic growth of 5.7 per cent last financial year, as growth in tourism, money sent from overseas and exports, boosted a previously flagging economy, according to the Central Bank.

Samoa’s Gross Domestic Product (G.D.P.) grew to reach $2.225 billion tala in the year to June this year, figures released by the Bank on Thursday show. That equates to growth of 5.7 per cent or about $120 million – the economy's biggest proportional rise since 2015-16. 

By James Robertson 17 November 2019, 8:00PM
Samoa Observer

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