Ko Samui Economy
In olden days, the Ko Samui economy was largely based mainly around agriculture and fishing. The main cash crop which used to play a substantial role in the economy of Ko Samui was coconut. However, from the year 1980 onwards, tourism became as the major factor affecting the economy of Ko Samui Island.
With tourism emerging as the major economic factor, the economy of Ko Samui witnesses improvement of the life style and also the infrastructural growth of the Ko Samui Island in general. No doubt, tourism is nowadays has emerged as a dominant industry, greatly affecting the island Koh Samui economy.
With more and more tourists coming to the island and Ko Samui economy becoming better, there opened so many new avenues to work and earn more. Local people who earlier used to earn their livelihood by means of fishing or farming found different types of earning opportunities in tourism industry. The construction of world class hotels and resorts not only provide work to the local people, it also helped a great deal to improve the economy of Ko Samui Island. Another major boon to economy of Ko Samui has been hoped for with the creation of a stable and high-speed internet connection in recent past. It has made the island a feasible location for IT-based enterprises, which are beginning to provide a certain degree of economic diversity. The positive factor which favors the growth of economy of Ko Samui by means of setting international investments is pleasant climate and easy accessibility to the island of Ko Samui.
The factors which affect the Ko Samui economy other than tourism are exports of coconut and rubber. The economy of Ko Samui Island seems to be promising in future with ongoing infrastructural developments. At the same time the economic growth has brought not only prosperity, but also changes to the island's environment which is a major concern of the administration. Steps have been taken to maintain a balance the growth of Ko Samui economy and natural environment of the island.