Recent shocks and long-term change in the Samoan economy

Abstract

The strengths exhibited by the Samoan economy during the period of steady growth from 1998 to 2007 have since been tested by considerable volatility in economic activity, declining employment, rapidly rising prices, the global financial crisis, and the September 2009 tsunami. The economy has done reasonably well in the face of these challenges with key economic support in the form of aid, remittances and tourism. Questions are raised about the future viability of these forms of support.