Business For Sale Samoa | Business For Sale Listings
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Get to Know About Samoa
Samoa is an independent state in the Pacific Ocean. It was part of New Zealand until 1962. The country consists of six islands- Savai’i, Upolu, Manono, Apolima, Faniaptapu and Namua which collectively cover a total area of 2,842 square kilometers. Samoa is home to approximately 200,000 people.
Samoa has an equatorial climate, which is mostly summer and rainy. The UN categorizes it as a developing economy- the GDP (PPP) being USD 1.13 billion. Tourism is the primary industry, followed by manufacturing and agriculture. Well, among them most of the people are into agriculture, and fishery also has a lot of potentials. Coconut products such as coconut oil, cream, etc. are the major exports.
From the facts above, you can get a clue that doing business in Samoa means being a part of the country in the developing phase. There are many opportunities for you to take if you have the right plan. Also, the competition is not very high, and with a literacy rate of 99%, you have a skilled workforce to look after your business.
Anyway, just like any other developing country, Samoa has its problems. One of them is a high poverty rate- 18% of people live under the poverty line. Additionally, the island is isolated (geographically), and even if it has excellent infrastructures, it could be made better.