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American Samoa Economy 2012

SOURCE: 2012 CIA WORLD FACTBOOK AND OTHER SOURCES











American Samoa Economy 2012
SOURCE: 2012 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on February 15,

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: 210

$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: 122
[see also: GDP - real growth rate country ranks ]

GDP - per capita (PPP):
$8,000 (2007 est.)
country comparison to the world: 123

$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%
[see also: GDP - composition by sector - industry country ranks ]
services: NA%
[see also: GDP - composition by sector - services country ranks ]

Labor force:
17,630 (2005)
country comparison to the world: 209
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 34%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 33%
[see also: Labor force - by occupation - industry country ranks ]
services: 33% (1990)
[see also: Labor force - by occupation - services country ranks ]

Unemployment rate:
29.8% (2005)
country comparison to the world: 175
[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%
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

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

Taxes and other revenues:
33.6% of GDP (FY07)
country comparison to the world: 73
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-6.1% of GDP (FY07)
country comparison to the world: 171
[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 ]

Electricity - production:
190 million kWh (2008 est.)
country comparison to the world: 181
[see also: Electricity - production country ranks ]

Electricity - consumption:
176.7 million kWh (2008 est.)
country comparison to the world: 186
[see also: Electricity - consumption country ranks ]

Electricity - exports:
0 kWh (2009 est.)
[see also: Electricity - exports country ranks ]

Electricity - imports:
0 kWh (2009 est.)
[see also: Electricity - imports country ranks ]

Oil - production:
0 bbl/day (2010 est.)
country comparison to the world: 151
[see also: Oil - production country ranks ]

Oil - consumption:
4,400 bbl/day (2010 est.)
country comparison to the world: 173
[see also: Oil - consumption country ranks ]

Oil - exports:
0 bbl/day (2009 est.)
country comparison to the world: 149
[see also: Oil - exports country ranks ]

Oil - imports:
4,440 bbl/day (2009 est.)
country comparison to the world: 165
[see also: Oil - imports country ranks ]

Natural gas - production:
0 cu m (2009 est.)
country comparison to the world: 150
[see also: Natural gas - production country ranks ]

Natural gas - consumption:
0 cu m (2009 est.)
country comparison to the world: 149
[see also: Natural gas - consumption country ranks ]

Natural gas - exports:
0 cu m (2009 est.)
country comparison to the world: 54
[see also: Natural gas - exports country ranks ]

Natural gas - imports:
0 cu m (2009 est.)
country comparison to the world: 152
[see also: Natural gas - imports country ranks ]

Natural gas - proved reserves:
0 cu m (1 January 2011 est.)
country comparison to the world: 108
[see also: Natural gas - proved reserves country ranks ]

Exports:
$445.6 million (FY04 est.)
country comparison to the world: 175
[see also: Exports country ranks ]

Exports - commodities:
canned tuna 93%

Imports:
$308.8 million (FY04 est.)
country comparison to the world: 195
[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


NOTE: 1) The information regarding American Samoa on this page is re-published from the 2012 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of American Samoa Economy 2012 information contained here. All suggestions for corrections of any errors about American Samoa Economy 2012 should be addressed to the CIA.
2) The rank that you see is the CIA reported rank, which may habe the following issues:
  a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
  b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order






This page was last modified 07-Mar-12
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