American Samoa
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Economy - overviewAmerican 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. 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 - real growth rate3% (2003)
GDP - composition by sectoragriculture: NA%
industry: NA%
services: NA%
Population below poverty lineNA%
Household income or consumption
by percentage share
lowest 10%: NA%
highest 10%: NA%
Labor force17,630 (2005)
Labor force - by occupationagriculture: 34%
industry: 33%
services: 33% (1990)
Unemployment rate29.8% (2005)
Budgetrevenues: $121 million (37% in local revenue and 63% in US grants)
expenditures: $127 million; including capital expenditures of $NA (FY96/97)
Industriestuna canneries (largely supplied by foreign fishing vessels), handicrafts
Industrial production growth rateNA%
Electricity -
production
128 million kWh (2004)
Electricity -
production by source
fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (2001)
Electricity -
consumption
119 million kWh (2004)
Electricity -
exports
0 kWh (2004)
Electricity -
imports
0 kWh (2004)
Oil - production0 bbl/day (2004)
Oil - consumption3,900 bbl/day (2004 est.)
Oil - exportsNA bbl/day
Oil - importsNA bbl/day
Agriculture - productsbananas, coconuts, vegetables, taro, breadfruit, yams, copra, pineapples, papayas; dairy products, livestock
Exports$445.6 million (FY04 est.)
Exports - commoditiescanned tuna 93% (2004 est.)
Exports - partnersIndonesia 28.2%, India 22.3%, Australia 15.3%, Japan 11.2%, NZ 7.1% (2005)
Imports$308.8 million (FY04 est.)
Imports - commoditiesmaterials for canneries 56%, food 8%, petroleum products 7%, machinery and parts 6% (2004 est.)
Imports - partnersAustralia 66%, Samoa 13.8%, NZ 10.8% (2005)
Debt - external$NA
Economic aid - recipientimportant financial support from the US, more than $40 million in 1994
Currency codeUSD
Exchange ratesthe US dollar is used
Fiscal year1 October - 30 September
LAST UPDATED ON 17 JUNE 2007