4 GeoFroggy

Economy Overview

American Samoa s 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 processing are the backbone of the private sector with processed fish products as the primary exports. The fish processing business accounted for 15.5% of employment in 2015.; 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 oversaw 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 has some potential as a source of income and jobs.;

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;

Labor Force

17,850 (2015 est.); country comparison to the world: 213;

Unemployment Rate

29.8% (2005); country comparison to the world: 206;

Population Below Poverty Line

NA;

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.)

Public Debt

12.2% of GDP (2016 est.); country comparison to the world: 197;

Commercial Bank Prime Lending Rate

Stock of Narrow Money

Stock of Broad Money

Stock of Domestic Credit

Market Value of Publicly Traded Shares

Reserves of Foreign Exchange and Gold

Debt External

NA;

Stock of Direct Foreign Investment at Home

Stock of Direct Foreign Investment Abroad

Exchange Rates

the US dollar is used;
Year

GDP Official Exchange Rate

  • $658 million 2016 est. 2016 est.

Taxes and Other Revenues

  • 37.8% (of GDP) (2016 est.)

Budget Surplus or Deficit

  • -2.1% (of GDP) (2016 est.)

Fiscal Year

  • 1 October - 30 September

GDP Purchasing Power Parity

    $658 million (2016 est.);
    $674.9 million (2015 est.);
    $666.9 million (2014 est.);
    note: data are in 2016 US dollars;
    country comparison to the world: 209;

GDP Real Growth Rate

    -2.5% (2016 est.);
    1.2% (2015 est.);
    1% (2014 est.);
    country comparison to the world: 208;

GDP Per Capital

    $11,200 (2016 est.);
    $11,300 (2015 est.);
    $11,200 (2014 est.);
    country comparison to the world: 134;

Gross National Saving

GDP Composition by end Use

GDP Composition by Sector of Origin

Inflation Rate Consumer Prices

    -0.5% (2015 est.); 1.4% (2014 est.); country comparison to the world: 5;

Current Account Balance

Exports

    $428 million (2016 est.); $427 million (2015 est.); country comparison to the world: 179;

Exports Partners

  • Australia
    25%
  • Ghana
    19%
  • Indonesia
    15.6%
  • Burma
    10.4%
  • Portugal
    5.1%

Exports Commodities

    Canned tuna 93%

Imports

    $615 million (2016 est.); $657 million (2015 est.); country comparison to the world: 193;

Imports Partners

  • Fiji
    10.7%
  • Singapore
    10.4%
  • NZ
    10.4%
  • South
    Korea
  • Samoa
    8.2%
  • Kenya
    6.4%
  • Australia
    5.2%

Imports Commodities

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