Economy of American Samoa

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Economy of American SamoaCurrency| US dollar (USD)

|

Fiscal year

| 1 October – 30 September

Trade organizations

| WTO[1]
Statistics
GDP|

* $1.068 billion (nominal; 2024f)[2]
* $1.480 billion (PPP; 2024f)

GDP rank| 187th (nominal) / 190th (PPP)

GDP growth

| 1.7% (2022)[3]

GDP per capita

* $5,048.032 (nominal; 2024f)
* $6,998.213 (PPP; 2024f)[2]

GDP by sector

| NA

Inflation (CPI)

|  1.951% (2024f)

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

*  Australia 30.7%
*  United Kingdom 17.7%
*  Tanzania 9.11%
*  UAE 7.07% (2023)[4]

Imports| $147 million (2018)

Import goods

| materials for canneries 56%, food 8%, petroleum products 7%, machinery and parts 6% (2004)

Main import partners

*  Singapore 28.3%
*  New Zealand 15.3%
*  Fiji 14.4%
*  Taiwan 11.3%
*  Malaysia 10.9% (2023)[5]

Public finances

Government debt

| 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)

All values, unless otherwise stated, are in US dollars.

The economy of American Samoa is a traditional Polynesian economy in which more than 90% of the land is communally owned.[6] American Samoa is an unincorporated territory of the United States; economic activity is strongly linked to the main customs zone of the U.S., with which American Samoa conducts the great bulk of its trade. Tuna fishing and processing plants are the backbone of the private sector, with canned tuna being the primary export. Transfers from the U.S. federal 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.

A StarKist tuna cannery. Tuna canning represents a major export industry in the territory

## Statistics

[edit]

Employment in the canning industry in American Samoa. Employment in the industry fell following the 2009 closure of a Chicken of the Sea cannery

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

[edit]

1. ^ "Samoa and the WTO". wto.org. Retrieved 12 February 2025.
2. ^ a b "World Economic Outlook Database". imf.org. 2024. Retrieved 12 February 2025.
3. ^ "American Samoa". worldbank.org. Retrieved 30 September 2024.
4. ^ "Export Partners of the American Samoa". The Observatory of Economic Complexity. Retrieved 28 February 2025.
5. ^ "Import Partners of the American Samoa". The Observatory of Economic Complexity. Retrieved 28 February 2025.
6. ^ "Fact Sheet: Territory of American Samoa | FEMA.gov". FEMA (Press release). 30 September 2009. Archived from the original on 15 November 2016. Retrieved 3 November 2019.

## External links

[edit]

* [1]

* v
* t
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Territory of American Samoa

Pago Pago (capital), Fagatogo (seat of government)

Topics|

* Bibliography
* History
* 2009 Samoa earthquake and tsunami

Geography|

* Birds
* Mammals
* Reptiles
* Geology
* National Park
* Protected areas
* Template
* Superfund sites
* Rainmaker Mountain
* Matafao Peak
* Vaiʻava Strait
* Cape Taputapu

Politics|

* Constitution
* Delegates to US Congress
* Elections
* Government
* Governor
* First Lady
* Lieutenant Governor
* High Court
* Judiciary
* Law enforcement
* Legislature
* House of Representatives
* Senate
* Political party strength

Economy|

* Telecommunications
* Internet domain
* Transportation
* LBJ Tropical Medical Center
* Per capita income

| Airports|

* Pago Pago Int'l
* Fitiuta
* Ofu

| Closed|

* Tau

|

Culture|

* Demographics
* LGBT rights
* Music
* People
* Sports
* Soccer
* Symbols
* Anthem
* Flag
* Seal
* NRHP listings
* Template

| Education|

* Dept. of Ed.
* Community College
* Leone HS
* Samoana HS
* Feleti Barstow Public Library

|

Religion|

* Co-Cathedral of St. Joseph the Worker
* Congregational Christian Church in AS
* Islam

Districts|

* Eastern District
* Western District
* Manuʻa District

Islands|

* Tutuila
* Aunuʻu
* Taʻū
* Ofu‑Olosega
* Rose Atoll
* Swains Island

Villages|

* Aʻasu
* Afao
* Āfono
* Agugulu
* Alao
* Alaufau
* Ālega
* Ālōfau
* Amalau
* Amaluia
* ʻAmanave
* Amaua
* Āmouli
* Ānua
* ʻAoa
* Aʻoloau
* Asili
* Atuʻu
* ʻAūa
* ʻAuʻasi
* Aʻumi
* Aunuʻu
* Auto
* Avaio
* Etena
* Fagaʻalu
* Fagaʻitua
* Fagaliʻi
* Fagamalo
* Fagane’ane’a
* Fagasā
* Fagatogo (Malaloa)
* Faiava
* Faʻilolo
* Faleāsao
* Faleniu
* Fatumafuti
* Fitiuta (Maia and Leusoaliʻi)
* Fūtiga
* ʻIliʻili
* Lalomoana
* Lauliʻi
* Leloaloa
* Leone
* Lumā
* Malaeimi
* Malaeloa/Aitulagi
* Malaeola/Itūʻau
* Mālōatā
* Mapusaga
* Masausi
* Masefau
* Matuʻu
* Mesepa
* Nuʻuuli
* Nua
* Ofu
* Olosega
* Onenoa
* Pagai
* Pago Pago
* Pavaʻiaʻi
* Poloa
* Saʻilele
* Satala
* Seʻetaga
* Siʻufaga
* Sili
* Taulaga
* Tāfuna (Ottoville)
* Taputimu
* Tula
* Utulei
* Utumea East
* Utumea West
* Vailoatai
* Vaitogi
* Vatia

* v
* t
* e

Economy of the United States by jurisdiction

State|

* Alabama
* Alaska
* Arizona
* Arkansas
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* Hawaii
* Idaho
* Illinois
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* Pennsylvania
* Rhode Island
* South Carolina
* South Dakota
* Tennessee
* Texas
* Utah
* Vermont
* Virginia
* Washington
* West Virginia
* Wisconsin
* Wyoming

Federal District|

* District of Columbia

Territories|

* American Samoa
* Guam
* Northern Mariana Islands
* Puerto Rico
* U.S. Virgin Islands

Indian Reservations|

* Black Feet Nation
* Flathead Indian Reservation
* Navajo Nation
* Osage Nation
* Pine Ridge Indian Reservation
* Seneca

Cities or counties|

* Allentown
* Atlanta
* Buffalo
* Chicago
* Cleveland
* Columbus
* Detroit
* Door County
* Erie
* Houston
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* Kansas City
* Lexington
* Long Island
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* San Diego
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* Washington, D.C.

* v
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Economy of Oceania

Sovereign states|

* Australia
* Federated States of Micronesia
* Fiji
* Indonesia
* Kiribati
* Marshall Islands
* Nauru
* New Zealand
* Palau
* Papua New Guinea
* Samoa
* Solomon Islands
* Timor-Leste
* Tonga
* Tuvalu
* Vanuatu

Associated states
of New Zealand|

* Cook Islands
* Niue

Dependencies
and other territories|

* American Samoa
* Christmas Island
* Cocos (Keeling) Islands
* Easter Island
* French Polynesia
* Guam
* Hawaii
* New Caledonia
* Norfolk Island
* Northern Mariana Islands
* Pitcairn Islands
* Tokelau
* Wallis and Futuna

*[2024f]: 2024 forecast
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*[e]: Edit this template