American Samoa:
Economy

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Other pages in this profile of American Samoa:
Geography, People, Government, Communications & Transportation, Military & Transnational Issues.


Economy - overview	Definition 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 (purchasing power parity)	Definition - World rank and map $510.1 million (2003 est.)
GDP (official exchange rate)	Definition $333.8 million (2005)
GDP - real growth rate	Definition - World rank and map 3% (2003 est.)
GDP - per capita	Definition - World rank and map $5,800 (2005 est.)
GDP - composition by sector	Definition agriculture: NA% industry: NA% services: NA%
Labor force	Definition 17,630 (2005)
Labor force - by occupation	Definition agriculture: 34% industry: 33% services: 33% (1990)
Unemployment rate	Definition - World rank and map 29.8% (2005)
Population below poverty line	Definition NA%
Household income or consumption by percentage share	Definition lowest 10%: NA% highest 10%: NA%
Inflation rate (consumer prices)	Definition - World rank and map NA%
Budget	Definition revenues: $121 million (37% in local revenue and 63% in US grants) expenditures: $127 million (FY96/97)
Agriculture - products	Definition bananas, coconuts, vegetables, taro, breadfruit, yams, copra, pineapples, papayas; dairy products, livestock
Industries	Definition tuna canneries (largely supplied by foreign fishing vessels), handicrafts
Industrial production growth rate	Definition - World rank and map NA%
Electricity - production	Definition - World rank and map 180 million kWh (2005)
Electricity - consumption	Definition - World rank and map 167.4 million kWh (2005)
Electricity - consumption per capita	Definition - World rank and map 2,911.6 kWh (2005)
Electricity - exports	Definition 0 kWh (2005)
Electricity - imports	Definition 0 kWh (2005)
Oil - production	Definition - World rank and map 0 bbl/day (2005)
Oil - consumption	Definition - World rank and map 4,000 bbl/day (2005 est.)
Oil - consumption per 1,000 people	Definition - World rank and map 69.6 bbl/day (2005 est.)
Oil - exports	Definition - World rank and map 0 bbl/day (2004)
Oil - imports	Definition - World rank and map 3,807 bbl/day (2004)
Oil - proved reserves	Definition - World rank and map 0 bbl (1 January 2006 est.)
Natural gas - production	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - consumption	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - consumption per capita	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - exports	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - imports	Definition - World rank and map 0 cu m (2005)
Natural gas - proved reserves	Definition - World rank and map 0 cu m (1 January 2006 est.)
Exports	Definition - World rank and map $445.6 million (FY04 est.)
Exports - commodities	Definition canned tuna 93% (2004 est.)
Exports - partners	Definition Indonesia 28.2%, India 22.3%, Australia 15.3%, Japan 11.2%, NZ 7.1% (2006)
Imports	Definition - World rank and map $308.8 million (FY04 est.)
Imports - commodities	Definition materials for canneries 56%, food 8%, petroleum products 7%, machinery and parts 6% (2004 est.)
Imports - partners	Definition Australia 66%, Samoa 13.8%, NZ 10.8% (2006)
Debt - external	Definition - World rank and map $NA
Economic aid - recipient	Definition important financial support from the US, more than $40 million in 1994
Currency (code)	Definition US dollar (USD)
Exchange rates	Definition the US dollar is used
Fiscal year	Definition 1 October - 30 September

American Samoa: Economy

American Samoa:
Economy