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The Economy of American Samoa

American Samoan Economy

American Samoa's map

Economy - overview: American Samoa has a traditional Polynesian economy in which more than 90% of the land is communally owned. Economic activity is strongly linked to the US with which American Samoa conducts most of its commerce. Tuna fishing and tuna processing plants are the backbone of the private sector, with canned tuna the primary export. Transfers from the US Government add substantially to American Samoa's economic well being. Attempts by the government to develop a larger and broader economy are restrained by Samoa's remote location, its limited transportation, and its devastating hurricanes. Tourism is a promising developing sector. note: as a territory of the US, American Samoa does not treat the US as an external trade partner

GDP:

GDP - real growth rate: 3% (2003)

GDP - per capita:

GDP - composition by sector: agriculture: NA% industry: NA% services: NA%

Population below poverty line:

Household income or consumption by percentage share: lowest 10%: NA% highest 10%: NA%

Distribution of family income - Gini index:

Inflation rate (consumer prices):

Labor force: 17,630 (2005)

Labor force - by occupation: agriculture: 34% industry: 33% services: 33% (1990)

Unemployment rate: 29.8% (2005)

Budget: revenues: $155.4 million (37% in local revenue and 63% in US grants) expenditures: $183.6 million (FY07)

Industries: tuna canneries (largely supplied by foreign fishing vessels), handicrafts

Industrial production growth rate: NA%

Electricity - production: 180 million kWh (2006 est.)

Electricity - production by source:

Electricity - consumption: 167.4 million kWh (2006 est.)

Electricity - exports: 0 kWh (2007 est.)

Electricity - imports: 0 kWh (2007 est.)

Oil - production: 0 bbl/day (2007 est.)

Oil - consumption: 4,053 bbl/day (2006 est.)

Oil - exports: 0 bbl/day (2005)

Oil - imports: 4,066 bbl/day (2005)

Oil - proved reserves: 0 bbl (1 January 2006 est.)

Natural gas - production: 0 cu m (2007 est.)

Natural gas - consumption: 0 cu m (2007 est.)

Natural gas - exports: 0 cu m (2007 est.)

Natural gas - imports: 0 cu m (2007 est.)

Natural gas - proved reserves: 0 cu m (1 January 2006 est.)

Agriculture - products: bananas, coconuts, vegetables, taro, breadfruit, yams, copra, pineapples, papayas; dairy products, livestock

Exports: $445.6 million (FY04 est.)

Exports - commodities: canned tuna 93% (2004 est.)

Exports - partners:

Imports: $308.8 million (FY04 est.)

Imports - commodities: materials for canneries 56%, food 8%, petroleum products 7%, machinery and parts 6% (2004 est.)

Imports - partners:

Debt - external: $NA

Economic aid - recipient:

Currency:

Currency code:

Exchange rates: the US dollar is used

Fiscal year: