American Samoa Economy - 2024

Economic overview

tourism, tuna, and government services-based territorial economy; sustained economic decline; vulnerable tuna canning industry; large territorial government presence; minimum wage increases to rise to federal standards by 2036

Real GDP (purchasing power parity)

$658 million (2016 est.)
$674.9 million (2015 est.)
$666.9 billion (2014 est.)

note: data are in 2016 US dollars

Real GDP growth rate

-1.87% (2021 est.)
5.07% (2020 est.)
-0.49% (2019 est.)

Real GDP per capita

$11,200 (2016 est.)
$11,300 (2015 est.)
$11,200 (2014 est.)

GDP (official exchange rate)

$658 million (2016 est.)

Inflation rate (consumer prices)

-0.5% (2015 est.)
1.4% (2014 est.)

GDP - composition, by sector of origin

agriculture: 27.4% (2012)

industry: 12.4% (2012)

services: 60.2% (2012)

GDP - composition, by end use

household consumption: 66.4% (2016 est.)

government consumption: 49.7% (2016 est.)

investment in fixed capital: 7.3% (2016 est.)

investment in inventories: 5.1% (2016 est.)

exports of goods and services: 65% (2016 est.)

imports of goods and services: -93.5% (2016 est.)

Agricultural 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

N/A

Labor force

17,850 (2015 est.)

Unemployment rate

29.8% (2005)

Population below poverty line

N/A

Household income or consumption by percentage share

lowest 10%: NA

highest 10%: NA

Budget

revenues: $249 million (2016 est.)

expenditures: $262.5 million (2016 est.)

Budget surplus (+) or deficit (-)

-2.1% (of GDP) (2016 est.)

Public debt

12.2% of GDP (2016 est.)

Taxes and other revenues

37.8% (of GDP) (2016 est.)

Fiscal year

1 October - 30 September

Exports

$428 million (2016 est.)
$427 million (2015 est.)

note: Data are in current year dollars and do not include illicit exports or re-exports.

Exports - partners

Australia 25%, Ghana 19%, Indonesia 15.6%, Burma 10.4%, Portugal 5.1% (2017)

Exports - commodities

refined petroleum, animal meal, vaccines and cultures, ethylene polymers, vulcanized rubber (2021)

Imports

$615 million (2016 est.)
$657 million (2015 est.)

Imports - partners

Fiji 10.7%, Singapore 10.4%, NZ 10.4%, South Korea 9.3%, Samoa 8.2%, Kenya 6.4%, Australia 5.2% (2017)

Imports - commodities

raw materials for canneries, food, petroleum products, machinery and parts

Debt - external

N/A

Exchange rates

the US dollar is used