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American Samoa:
Economy

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American Samoa Page


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


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