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American Samoa Economy 2011
https://theodora.com/wfb2011/american_samoa/american_samoa_economy.html
SOURCE: 2011 CIA WORLD FACTBOOK AND OTHER SOURCES


















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Page last updated on December 8, 2010

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. The two tuna canneries account for 80% of employment. In late September 2009, an earthquake and the resulting tsunami devastated American Samoa and nearby Samoa, disrupting transportation and power generation, and resulting in about 200 deaths. The US Federal Emergency Management Agency is overseeing a relief program of nearly $25 million. 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.

GDP (purchasing power parity):
$575.3 million (2007 est.)
country comparison to the world: 213

$510.1 million (2003 est.)
[see also: GDP (purchasing power parity) country ranks ]

GDP (official exchange rate):
$462.2 million (2005)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
3% (2003)
country comparison to the world: 119
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$8,000 (2007 est.)
country comparison to the world: 125

$5,800 (2005 est.)
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
agriculture: NA%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: NA%
[see also: GDP - composition by sector - industry country ranks ]
services: NA%
[see also: GDP - composition by sector - services country ranks ]

Labor force:
17,630 (2005)
country comparison to the world: 211
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 34%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 33%
[see also: Labor force - by occupation - industry country ranks ]
services: 33% (1990)
[see also: Labor force - by occupation - services country ranks ]

Unemployment rate:
29.8% (2005)
country comparison to the world: 177
[see also: Unemployment rate country ranks ]

Population below poverty line:
NA%
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: NA%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: NA%
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Budget:
revenues: $155.4 million (FY07)
[see also: Budget - revenues country ranks ]
expenditures: $183.6 million (FY07)
[see also: Budget - expenditures country ranks ]

Inflation rate (consumer prices):
NA%
[see also: Inflation rate (consumer prices) country ranks ]

Agriculture - products:
bananas, coconuts, vegetables, taro, breadfruit, yams, copra, pineapples, papayas; dairy products, livestock

Industries:
tuna canneries (largely supplied by foreign fishing vessels), handicrafts

Industrial production growth rate:
NA%
[see also: Industrial production growth rate country ranks ]

Electricity - production:
185 million kWh (2007 est.)
country comparison to the world: 179
[see also: Electricity - production country ranks ]

Electricity - consumption:
172.1 million kWh (2007 est.)
country comparison to the world: 181
[see also: Electricity - consumption country ranks ]

Electricity - exports:
0 kWh (2008 est.)
[see also: Electricity - exports country ranks ]

Electricity - imports:
0 kWh (2008 est.)
[see also: Electricity - imports country ranks ]

Oil - production:
0 bbl/day (2009 est.)
country comparison to the world: 206
[see also: Oil - production country ranks ]

Oil - consumption:
4,000 bbl/day (2009 est.)
country comparison to the world: 172
[see also: Oil - consumption country ranks ]

Oil - exports:
0 bbl/day (2007 est.)
country comparison to the world: 210
[see also: Oil - exports country ranks ]

Oil - imports:
4,140 bbl/day (2007 est.)
country comparison to the world: 166
[see also: Oil - imports country ranks ]

Oil - proved reserves:
0 bbl (1 January 2010 est.)
country comparison to the world: 201
[see also: Oil - proved reserves country ranks ]

Natural gas - production:
0 cu m (2008 est.)
country comparison to the world: 94
[see also: Natural gas - production country ranks ]

Natural gas - consumption:
0 cu m (2008 est.)
country comparison to the world: 112
[see also: Natural gas - consumption country ranks ]

Natural gas - exports:
0 cu m (2008 est.)
country comparison to the world: 47
[see also: Natural gas - exports country ranks ]

Natural gas - imports:
0 cu m (2008 est.)
country comparison to the world: 204
[see also: Natural gas - imports country ranks ]

Natural gas - proved reserves:
0 cu m (1 January 2010 est.)
country comparison to the world: 104
[see also: Natural gas - proved reserves country ranks ]

Exports:
$445.6 million (FY04 est.)
country comparison to the world: 170
[see also: Exports country ranks ]

Exports - commodities:
canned tuna 93%

Imports:
$308.8 million (FY04 est.)
country comparison to the world: 195
[see also: Imports country ranks ]

Imports - commodities:
raw materials for canneries 56%, food, petroleum products, machinery and parts

Debt - external:
$NA
[see also: Debt - external country ranks ]

Exchange rates:
the US dollar is used


NOTE: The information regarding American Samoa on this page is re-published from the 2011 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of American Samoa Economy 2011 information contained here. All suggestions for corrections of any errors about American Samoa Economy 2011 should be addressed to the CIA.



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This page was last modified 09-Feb-11
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