Expanding services sector, including tourism and offshore finance, now accounts for 68% of GDP. Subsistence farming and small-scale cash cropping give majority of population a livelihood. Low foreign debt. GDP increasing.
Weaknesses
Large trade and budget deficits. Heavy importûexport duties û to compensate for no direct taxes û increase domestic prices and deter exports. Declining prices for two largest exports: copra and cocoa. Limited outlets for new crop exports.
