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American Samoa Economy 2013
http://www.theodora.com/wfbcurrent/american_samoa/american_samoa_economy.html
SOURCE: 2013 CIA WORLD FACTBOOK AND OTHER SOURCES
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Page last updated on February 5, 2013

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 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: 113
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$8,000 (2007 est.)
country comparison to the world: 130

$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%
services: NA%

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%
services: 33% (1990)

Unemployment rate:
29.8% (2005)
country comparison to the world: 176
[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%

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

Taxes and other revenues:
33.6% of GDP (FY07)
country comparison to the world: 79
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-6.1% of GDP (FY07)
country comparison to the world: 172
[see also: Budget surplus (+) or deficit (-) 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 ]

Exports:
$445.6 million (FY04 est.)
country comparison to the world: 174
[see also: Exports country ranks ]

Exports - commodities:
canned tuna 93%

Imports:
$308.8 million (FY04 est.)
country comparison to the world: 199
[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

Fiscal year:
1 October - 30 September


NOTE: The information regarding American Samoa on this page is re-published from the 2013 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of American Samoa Economy 2013 information contained here. All suggestions for corrections of any errors about American Samoa Economy 2013 should be addressed to the CIA.


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This page was last modified 11-Mar-13
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