| Economy | American Samoa |
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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 (purchasing power parity):
|
$575.3 million (2007 est.)
$510.1 million (2003) |
GDP - per capita (PPP):
|
$8,000 (2007 est.)
$5,800 (2005 est.) |
GDP (official exchange rate):
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$462.2 million (2005) |
GDP - real growth rate:
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3% (2003) |
GDP - composition by sector:
|
agriculture: NA%
industry: NA%
services: NA% |
Investment (gross fixed):
|
void |
Population below poverty line:
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NA% |
Household income or consumption by percentage share:
|
lowest 10%: NA%
highest 10%: NA% |
Distribution of family income - Gini index:
|
void |
Inflation rate (consumer prices):
|
NA% |
Central bank discount rate:
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void |
Commercial bank prime lending rate:
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void |
Stock of money:
|
void |
Stock of money - per capita:
|
void |
Stock of quasi money:
|
void |
Stock of quasi money - per capita:
|
void |
Stock of domestic credit:
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void |
Stock of domestic credit - per capita:
|
void |
Labor force:
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17,630 (2005) |
Labor force participation rate:
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26.86 % of population |
Labor force - by occupation:
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agriculture: 34%
industry: 33%
services: 33% (1990) |
Unemployment rate:
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29.8% (2005) |
Budget:
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revenues: $155.4 million (37% in local revenue and 63% in US grants)
expenditures: $183.6 million (FY07) |
Budget revenues per capita:
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2,368 USD per capita |
Public debt:
|
void |
Industries:
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tuna canneries (largely supplied by foreign fishing vessels), handicrafts |
Industrial production growth rate:
|
NA% |
Electricity - production:
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180 million kWh (2006 est.) |
Electricity - production per capita:
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2,743 kWh per capita |
Electricity - consumption:
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167.4 million kWh (2006 est.) |
Electricity - consumption - per capita:
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2,551 kWh per capita |
Electricity - exports:
|
0 kWh (2007 est.) |
Electricity - imports:
|
0 kWh (2007 est.) |
Oil - production:
|
0 bbl/day (2007 est.) |
Oil - production per capita:
|
void |
Oil - consumption:
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4,053 bbl/day (2006 est.) |
Oil - consumption - per capita:
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22.54 bbl/year per capita |
Oil - exports:
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0 bbl/day (2005) |
Oil - imports:
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4,066 bbl/day (2005) |
Oil - proved reserves:
|
0 bbl (1 January 2006 est.) |
Natural gas - production:
|
0 cu m (2007 est.) |
Natural gas - production per capita:
|
void |
Natural gas - consumption:
|
0 cu m (2007 est.) |
Natural gas - consumption - per capita:
|
void |
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:
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bananas, coconuts, vegetables, taro, breadfruit, yams, copra, pineapples, papayas; dairy products, livestock |
Current account balance:
|
void |
Current account balance - per capita:
|
void |
Exports:
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$445.6 million (FY04 est.) |
Exports per capita:
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6,790 USD per capita |
Exports - commodities:
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canned tuna 93% (2004 est.) |
Exports - partners:
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void |
Imports:
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$308.8 million (FY04 est.) |
Imports per capita:
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4,706 USD per capita |
Imports - commodities:
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materials for canneries 56%, food 8%, petroleum products 7%, machinery and parts 6% (2004 est.) |
Imports - partners:
|
void |
Reserves of foreign exchange and gold:
|
void |
Reserves of foreign exchange and gold - per capita:
|
void |
Debt - external:
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$NA |
Debt - external - per capita:
|
void |
Stock of direct foreign investment - at home:
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void |
Stock of direct foreign investment - at home - per capita:
|
void |
Stock of direct foreign investment - abroad:
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void |
Stock of direct foreign investment - abroad - per capita:
|
void |
Market value of publicly traded shares:
|
void |
Market value of publicly traded shares - per capita:
|
void |
Economic aid - donor:
|
void |
Economic aid - recipient:
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important financial support from the US, more than $40 million in 1994 |
Economic aid - recipient per capita:
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610 USD per capita |
Currency (code):
|
US dollar (USD) |
Exchange rates:
|
the US dollar is used |
Fiscal year:
|
1 October - 30 September |
|
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