Home > Economy of American Samoa
Economy - overview:This is 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 the great bulk of its foreign trade. 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, a developing sector, may be held back by the current financial difficulties in East Asia.
GDP:
purchasing power parity - $500 million (2000 est.)
GDP - real growth rate:
NA%
GDP - per capita:
purchasing power parity - $8,000 (2000 est.)
GDP - composition by sector:
agriculture:
NA%
industry:
NA%
services:
NA% (2002)
Population below poverty line:
NA% (2002 est.)
Household income or consumption by percentage share:
lowest 10%:
NA%
highest 10%:
NA%
Inflation rate (consumer prices):
NA% (2003 est.)
Labor force:
14,000 (1996)
Labor force - by occupation:
government 33%, tuna canneries 34%, other 33% (1990)
Unemployment rate:
6% (2000)
Budget:
revenues:
$121 million (37% in local revenue and 63% in US grants)
expenditures:
$127 million, including capital expenditures of $NA (FY96/97)
Industries:
tuna canneries (largely dependent on foreign fishing vessels), handicrafts
Industrial production growth rate:
NA%
Electricity - production:
130 GWh (2001)
Electricity - production by source:
fossil fuel:
100%
hydro:
0%
nuclear:
0%
other:
0% (2001)
Electricity - consumption:
120.9 GWh (2001)
Electricity - exports:
0 kWh (2001)
Electricity - imports:
0 kWh (2001)
Oil - production:
0 barrel/day (2001 est.)
Oil - consumption:
3,800 barrel/day (604 m³/d) 2001
Oil - exports:
NA
Oil - imports:
NA
Agriculture - products:
bananas, coconuts, vegetables, taro, breadfruit, yams, copra, pineapples, papayas; dairy products, livestock
Exports:
$30 million (2002)
Exports - commodities:
canned tuna 93%
Exports - partners:
Indonesia 70%, AustraliaAustralia is the sixth-largest country in the world (geographically), the only one to occupy an entire continent, and the largest in the region of Australasia. Australia includes the island of Tasmania, which is an Australian State. Its neighbouring count 6.7%, JapanJapan (, Nippon/Nihon literally "the origin of the sun") is a country in East Asia situated on a chain of islands east of the Asian continent on the western edge of the Pacific Ocean. The largest of these islands are, from north to south, Hokkaido , Honsh 6.7%, SamoaThe Independent State of Samoa (conventional long form) or Samoa (conventional short form) is a country comprising a group of islands in the South Pacific Ocean. Previous names are Western Samoa from 1914 to 1997 and German Samoa from 1900 to 1914. Malo S 6.7% (2002)
Imports:
$123 million (2002)
Imports - commodities:
materials for canneries 56%, food 8%, petroleum products 7%, machinery and parts 6%
Imports - partners:
AustraliaAustralia is the sixth-largest country in the world (geographically), the only one to occupy an entire continent, and the largest in the region of Australasia. Australia includes the island of Tasmania, which is an Australian State. Its neighbouring count 36.6%, New ZealandFor alternative meanings, see New Zealand (disambiguation). New Zealand is a country formed of two major islands and a number of smaller islands in the southwestern Pacific Ocean. A common Mori name for New Zealand is Aotearoa popularly translated as Land 20.3%, South KoreaThe Republic of Korea (ROK; Korean: Daehan Minguk ( Hangul: ; Hanja: )), commonly known as South Korea is a country in East Asia, covering the southern half of the Korean peninsula. To the north, the Republic of Korea borders North Korea, with which it fo 16.3%, MauritiusRepublic of Mauritius Republique de Maurice ( In Detail) National motto: Stella Clavisque Maris Indici( Latin: "Star and Key of the Indian Ocean" Official languages De facto: English, French and Creole Capital Port Louis President Sir Anerood Jugnauth Pri 4.9% (2002)
Debt - external:
$NA (2002 est.)
Economic aid - recipient:
$NA; note - important financial support from the US, more than $40 million in 1994
Currency:
US dollar (USD)
Currency code:
USD
Exchange rates:
US dollar is used
Fiscal year:
1 October - 30 September
- See also : American SamoaAmerican Samoa is an unorganized, unincorporated territory of the United States in the South Pacific Ocean. Originally inhabited as early as 1000 BC, Samoa was reached by European explorers in the 18th century. International rivalries in the latter half o
American SamoaAmerican Samoa is an unorganized, unincorporated territory of the United States in the South Pacific Ocean. Originally inhabited as early as 1000 BC, Samoa was reached by European explorers in the 18th century. International rivalries in the latter half o
American Samoa
