Economy of American Samoa
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|
Currency | US dollar (USD) |
---|---|
1 October – 30 September | |
Trade organizations | none |
Statistics | |
GDP | $636 million (2018) |
GDP rank | 187th (nominal) / 190th (PPP) |
GDP growth | 2.2% (2018) |
GDP per capita | $11,467 (2018) |
GDP by sector | NA |
NA | |
Population below poverty line | NA |
Labor force | 17,630 (2007) |
Labor force by occupation | agriculture 34%, industry 33%, services 33% (1990) |
Unemployment | 8.36% (2020) |
Main industries | tuna canneries (largely dependent on foreign fishing vessels), handicrafts |
External | |
Exports | $69.9 million (2018) |
Export goods | canned tuna 93% (2004) |
Main export partners |
|
Imports | $147 million (2018) |
Import goods | materials for canneries 56%, food 8%, petroleum products 7%, machinery and parts 6% (2004) |
Main import partners |
|
Public finances | |
69.5 million (2015) | |
Revenues | $121 million (37% in local revenue and 63% in US grants) (1997) |
Expenses | $127 million (1997) |
Economic aid | more than $40 million from US in financial support (1994) |
The economy of American Samoa is a traditional
Statistics
GDP: purchasing power parity – $537 million (2007 est.)
country comparison to the world: 210
GDP (official exchange rate): $462.2 million (2005)
GDP – real growth rate: 3% (2003)
country comparison to the world: 139
GDP – per capita: purchasing power parity – $7,874 (2008)
country comparison to the world: 120
GDP – composition by sector:
agriculture:
NA%
industry:
NA%
services:
NA% (2002)
Labor Force: 17,630 (2005)
country comparison to the world: 203
Labor force – by occupation: government 33%, tuna canneries 34%, other 33% (1990)
Unemployment rate: 23.8% (2010)
country comparison to the world: 175
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.)
Budget:
revenues: $155.4 million (37% in local revenue and 63% in US grants)
expenditures: $183.6 million (FY07)
Agriculture – products: bananas, coconuts, vegetables, taro, breadfruit, yams, copra, pineapples, papayas; dairy products, livestock
Industries: tuna canneries (largely dependent on foreign fishing vessels), handicrafts
Industrial production growth rate: NA%
Electricity – production: 180 GWh (2006)
country comparison to the world: 179
Electricity – production by source:
fossil fuel:
100%
hydro:
0%
nuclear:
0%
other:
0% (2001)
Electricity – consumption: 167.4 GWh (2006)
country comparison to the world: 179
Electricity – exports: 0 kWh (2007)
Electricity – imports: 0 kWh (2007)
Oil – production: 0 barrels per day (0 m3/d) (2007 est.)
country comparison to the world: 209
Oil – consumption: 4,053 barrels per day (644.4 m3/d) (604 m³/d), 2006
country comparison to the world: 170
Oil – exports: 0 barrels per day (0 m3/d) (2005)
country comparison to the world: 142
Oil – imports: 4,066 barrels per day (646.4 m3/d) (2005)
country comparison to the world: 166
Natural gas – production: 0 cu m (2007)
country comparison to the world: 208
Natural gas – consumption: 0 cu m (2007)
country comparison to the world: 207
Natural gas – exports: 0 cu m (2007)
country comparison to the world: 202
Natural gas – imports: 0 cu m (2007)
country comparison to the world: 201
Natural gas – proved reserves: 0 cu m (2006)
country comparison to the world: 205
Exports: $445.6 million (2004)
country comparison to the world: 167
Exports – commodities: canned tuna 93% (2004)
Exports – partners: Indonesia 70%, Australia 6.7%, Japan 6.7%, Samoa 6.7% (2002)
Imports: $308.8 million (2004)
country comparison to the world: 195
Imports – commodities: materials for canneries 56%, food 8%, petroleum products 7%, machinery and parts 6% (2004)
Imports – partners: Australia 36.6%, New Zealand 20.3%, South Korea 16.3%, Mauritius 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
References
- ^ "Export Partners of Samoa". The Observatory of Economic Complexity. Retrieved 3 April 2024.
- ^ "Import Partners of Samoa". The Observatory of Economic Complexity. Retrieved 3 April 2024.
- ^ "Fact Sheet: Territory of American Samoa | FEMA.gov". FEMA (Press release). 30 September 2009. Retrieved 3 November 2019.