Samoa has done it tough since the government closed the international border in March 2020 to keep COVID-19 at bay. GDP declined by 10.3% in 2020 and a further 2.3% in 2021. About 3,500 jobs (13.8% of total formal sector employment) were lost from Samoa’s key tourism industry.
However, offshore employment opportunities and an associated increase in remittances supported consumer demand and prevented a deeper economic downturn for Samoa.
Read more via the link HERE
#ThePacific #Pacific #SouthPacific #Business #Trade #Investment #Education #Growth #Economy #TradeMission #NZPBC #NZTE #MFAT #NZPBC #NZPBCONNECT #Samoa #Overview
Comentarios