Economy of American Samoa

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Economy of American Samoa
Currency	US dollar (USD)
Fiscal year	1 October - 30 September
Trade organisations	none
Statistics
GDP (PPP)	$500 million (2000) (208 [1])
GDP growth	NA
GDP per capita	$8,000 (2000)
GDP by sector	NA
Inflation (CPI)	NA
Pop below poverty line	NA
Gini index	{{{gini}}}
Labour force	14,000 (1996)
Labour force by occupation	government 33%, tuna canneries 34%, other 33% (1990)
Unemployment	6% (2000)
Main industries	tuna canneries (largely dependent on foreign fishing vessels), handicrafts
Trading Partners
Exports	$30 million (2002)
Export goods	canned tuna 93%
Main partners	Indonesia 70%, Australia 6.7%, Japan 6.7%, Samoa 6.7% (2002)
Imports	$123 million (2002)
Imports goods	materials for canneries 56%, food 8%, petroleum products 7%, machinery and parts 6%
Main Partners	Australia 36.6%, New Zealand 20.3%, South Korea 16.3%, Mauritius 4.9% (2002)
Public finances
Public debt	NA
Revenues	$121 million (37% in local revenue and 63% in US grants) (1997)
Expenses	$127 million (1997)
Economic aid	more than $40 million from US in financial support (1994)
Main source [2] All values, unless otherwise stated, are in US dollars

This is 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 the great bulk of its foreign trade. Tuna fishing and tuna processing plants are the backbone of the private sector, with canned tuna being 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, a developing sector, may be held back by the current financial difficulties in East Asia.

[edit] Numbers

GDP: purchasing power parity - $500 million (2000 est.)

GDP - real growth rate: NA%

GDP - per capita: purchasing power parity - $8,000 (2000 est.)

GDP - composition by sector:
agriculture: NA%
industry: NA%
services: NA% (2002)

Population below poverty line: NA% (2002 est.)

Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%

Inflation rate (consumer prices): NA% (2003 est.)

Labor force: 14,000 (1996)

Labor force - by occupation: government 33%, tuna canneries 34%, other 33% (1990)

Unemployment rate: 6% (2000)

Budget:
revenues: $121 million (37% in local revenue and 63% in US grants)
expenditures: $127 million, including capital expenditures of $NA (FY96/97)

Industries: tuna canneries (largely dependent on foreign fishing vessels), handicrafts

Industrial production growth rate: NA%

Electricity - production: 130 GWh (2001)

Electricity - production by source:
fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (2001)

Electricity - consumption: 120.9 GWh (2001)

Electricity - exports: 0 kWh (2001)

Electricity - imports: 0 kWh (2001)

Oil - production: 0 barrel/day (2001 est.)

Oil - consumption: 3,800 barrel/day (604 m³/d) 2001

Oil - exports: NA

Oil - imports: NA

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

Exports: $30 million (2002)

Exports - commodities: canned tuna 93%

Exports - partners: Indonesia 70%, Australia 6.7%, Japan 6.7%, Samoa 6.7% (2002)

Imports: $123 million (2002)

Imports - commodities: materials for canneries 56%, food 8%, petroleum products 7%, machinery and parts 6%

Imports - partners: Australia 36.6%, New Zealand 20.3%, South Korea 16.3%, Mauritius 4.9% (2002)

Debt - external: $NA (2002 est.)

Economic aid - recipient: $NA; note - important financial support from the US, more than $40 million in 1994

Currency: US dollar (USD)

Currency code: USD

Exchange rates: US dollar is used

Fiscal year: 1 October - 30 September

[edit] See also

• American Samoa

	Territory of American Samoa Pago Pago (capital), Fagatogo (seat of government)
Topics	Geography | Economy | Demographics | Communications | Transportation
Government	Politics | Former Governors | Elections | Current Governor
Villages	Fagatogo | Leone | Nu'uuli | Tāfuna | Utulei
Islands	Tutuila | Aunu'up | Manua Group (Ta'ū | Ofu‑Olosega | Rose Atoll | Swains Island)