 American Samoan Economy | American Samoa's Economy | American Samoas Economy |
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American Samoa's Economy | American Samoas Economy |
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American Samoan EconomyEconomy - overview: 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 most of its foreign trade. Tuna fishing and tuna processing plants are the backbone of the private sector, with canned tuna 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 is a promising developing sector. GDP: 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% Population below poverty line: NA Household income or consumption by percentage share: lowest 10%: NA% highest 10%: NA% Distribution of family income - Gini index: Inflation rate (consumer prices): Labor force: 14,000 (1996) Labor force - by occupation: tuna canneries 34%, government 33%, 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 supplied by foreign fishing vessels), handicrafts Industrial production growth rate: NA% Electricity - production: 130 million kWh (2002) Electricity - production by source: Electricity - consumption: 120.9 million kWh (2002) Electricity - exports: 0 kWh (2002) Electricity - imports: 0 kWh (2002) Oil - production: 0 bbl/day (2001 est.) Oil - consumption: 3,800 bbl/day (2001 est.) Oil - exports: NA Oil - imports: NA Oil - proved reserves: Natural gas - production: Natural gas - consumption: Natural gas - exports: Natural gas - imports: Natural gas - proved reserves: 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: Samoa 39.8%, Australia 19.9%, Japan 15.1%, New Zealand 10.5% (2004) Imports: $123 million (2002) Imports - commodities: materials for canneries 56%, food 8%, petroleum products 7%, machinery and parts 6% Imports - partners: Japan 31.4%, New Zealand 27.9%, Germany 17.1%, Australia 8.9% (2004) Debt - external: $NA Economic aid - recipient: important financial support from the US, more than $40 million in 1994 Currency: Currency code: Exchange rates: the US dollar is used Fiscal year: 1 October - 30 September |
American Samoa's geography
American Samoa's Flag
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