10 Dec 2009

Aid for Samoa's tsunami recovery boosts local economy

12:27 pm on 10 December 2009

Aid for Samoa's tsunami recovery has boosted the local economy in October.

The Central Bank reports that visitor numbers recorded a record 13 per cent increase to 11,024 visitors with many being volunteer personnel from New Zealand and Australia helping out with recovery work after the September 29th tsunami.

And cheaper air fares that month also brought more Samoan expatriates back to visit Samoa.

For the first four months of the fiscal year 2009/2010 the total number of travellers was 7 per cent higher than the same period the year before, with tourism earnings increasing by 2 per cent in

the same period.

The Central Bank says foreign reserves strengthened by 6-per cent in October to 135 million US and the economy achieved an 8 million US dollar surplus in the balance of payments.