Editing Economy of American Samoa

{{Short description|none}}
{{Multiple issues|
{{update|date=May 2020}}
{{more citations needed|date=November 2019}}
}}
{{Use dmy dates|date=November 2023}}

{{Infobox economy
| country = American Samoa
| image = 
| width = 290px
| currency = [[United States dollar|US dollar]] (USD)
| year = 1 October&nbsp;– 30 September
| organs = WTO<ref>{{cite web |title=Samoa and the WTO |url=https://www.wto.org/english/thewto_e/countries_e/samoa_e.htm |website=wto.org |access-date=12 February 2025}}</ref>
| gdp rank = [[List of countries by GDP (nominal)|187th]] (nominal) / [[List of countries by GDP (PPP)|190th]] (PPP)
| gdp = {{plainlist|
*{{increase}} $1.068&nbsp;billion (nominal; {{abbr|2024f|2024 forecast}})<ref name = IMF_2024>{{cite web | url = https://www.imf.org/en/Publications/WEO/weo-database/2024/October/weo-report?c=862,&s=NGDP_R,NGDP_RPCH,NGDP,NGDPD,PPPGDP,NGDP_D,NGDPRPC,NGDPRPPPPC,NGDPPC,NGDPDPC,PPPPC,PPPSH,PPPEX,PCPI,PCPIPCH,PCPIE,PCPIEPCH,LP,GGXWDG,GGXWDG_NGDP,&sy=2021&ey=2026&ssm=0&scsm=1&scc=0&ssd=1&ssc=0&sic=0&sort=country&ds=.&br=1 | title = World Economic Outlook Database | date = 2024 | website =  imf.org | access-date = 2025-02-12 }} </ref> 
*{{increase}} $1.480&nbsp;billion ([[Purchasing power parity|PPP]]; {{abbr|2024f|2024 forecast}})}}
| growth = 1.7% (2022)<ref name="worldbank_2022">{{cite web |title=American Samoa |url=https://data.worldbank.org/country/american-samoa?view=chart |website=worldbank.org |access-date=2024-09-30}}</ref>
| per capita = {{plainlist|
*{{increase}} $5,048.032 (nominal; {{abbr|2024f|2024 forecast}})
*{{increase}} $6,998.213 (PPP; {{abbr|2024f|2024 forecast}})<ref name = IMF_2024/>}}
| sectors = NA
| inflation = {{positive decrease}} 1.951% ({{abbr|2024f|2024 forecast}})
| poverty = NA
| labor = 17,630 (2007)
| occupations = agriculture 34%, industry 33%, services 33% (1990)
| unemployment = 8.36% (2020)
| industries = tuna canneries (largely dependent on foreign fishing vessels), handicrafts
| exports = $69.9&nbsp;million (2018)
| export-goods = canned tuna 93% (2004)
| export-partners = {{plainlist|
*{{flagu|Australia}} 30.7%
*{{flagu|United Kingdom}} 17.7%
*{{flagu|Tanzania}} 9.11%
*{{flagu|UAE}} 7.07% (2023)<ref name="OECExport">{{cite web |title=Export Partners of the American Samoa |url=https://oec.world/en/visualize/tree_map/hs92/export/asm/show/all/2023 |publisher=[[The Observatory of Economic Complexity]] |access-date=28 February 2025}}</ref>}}
| imports = $147&nbsp;million (2018)
| import-goods = materials for canneries 56%, food 8%, petroleum products 7%, machinery and parts 6% (2004)
| import-partners = {{plainlist|
*{{flagu|Singapore}} 28.3%
*{{flagu|New Zealand}} 15.3%
*{{flagu|Fiji}} 14.4%
*{{flagu|Taiwan}} 11.3%
*{{flagu|Malaysia}} 10.9% (2023)<ref name="OECImport">{{cite web |title=Import Partners of the American Samoa |url=https://oec.world/en/visualize/tree_map/hs92/import/asm/show/all/2023 |publisher=[[The Observatory of Economic Complexity]] |access-date=28 February 2025}}</ref>}}
| debt = 69.5&nbsp;million (2015)
| revenue = $121&nbsp;million (37% in local revenue and 63% in US grants) (1997)
| expenses = $127&nbsp;million (1997)
| aid = more than $40&nbsp;million from US in financial support (1994)
| cianame = american-Samoa
| spelling = US
}}
The '''economy of American Samoa''' is a traditional [[Polynesia]]n economy in which more than 90% of the land is communally owned.<ref name="FEMA"/> [[American Samoa]] is an [[Territories of the United States|unincorporated territory of the United States]]; economic activity is strongly linked to the main customs zone of the U.S., with which American Samoa conducts the great bulk of its trade. [[Tuna]] [[Commercial fishing|fishing]] and [[Fish processing|processing]] plants are the backbone of the private sector, with canned tuna being the primary export. Transfers from the [[Federal government of the United States|U.S. federal 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.

[[File:Figure 13 Canning Production Line at StarKist Samoa Cannery (49995644721) (cropped).jpg|thumb|A [[StarKist]] tuna cannery. Tuna canning represents a major export industry in the territory]]

==Statistics==
[[File:Figure 11 Cannery Worker Employment in American Samoa, 2007–2018 (49995644741).jpg|thumb|Employment in the canning industry in American Samoa. Employment in the industry fell following the 2009 closure of a [[Chicken of the Sea]] cannery]]
'''GDP:''' [[purchasing power parity]] – $537&nbsp;million (2007 est.)
<br>''country comparison to the world:'' 210

'''GDP (official exchange rate):''' $462.2 million (2005)

'''GDP – real growth rate:''' 3% (2003)
<br>''country comparison to the world:'' 139

'''GDP – per capita:''' purchasing power parity – $7,874 (2008)
<br>''country comparison to the world:'' 120

'''GDP – composition by sector:'''
<br>''agriculture:''
NA%
<br>''industry:''
NA%
<br>''services:''
NA% (2002)

'''Labor Force:''' 17,630 (2005)
<br>''country comparison to the world:'' 203

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

'''Unemployment rate:''' 23.8% (2010)
<br>''country comparison to the world:'' 175

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

'''Household income or consumption by percentage share:'''
<br>''lowest 10%:''
NA%
<br>''highest 10%:''
NA%

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

'''Budget:'''
<br>''revenues:'' $155.4 million (37% in local revenue and 63% in US grants)
<br>''expenditures:'' $183.6 million (FY07)

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

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

'''Industrial production growth rate:''' NA%

'''Electricity – production:''' 180 GWh (2006)
<br>''country comparison to the world:'' 179

'''Electricity – production by source:'''
<br>''fossil fuel:''
100%
<br>''hydro:''
0%
<br>''nuclear:''
0%
<br>''other:''
0% (2001)

'''Electricity – consumption:''' 167.4 GWh (2006)
<br>''country comparison to the world:'' 179

'''Electricity – exports:''' 0 kWh (2007)

'''Electricity – imports:''' 0 kWh (2007)

'''Oil – production:''' {{convert|0|oilbbl/d}} (2007 est.)
<br>''country comparison to the world:'' 209

'''Oil – consumption:''' {{convert|4053|oilbbl/d}} (604 m<sup>3</sup>/d), 2006
<br>''country comparison to the world:'' 170

'''Oil – exports:''' {{convert|0|oilbbl/d}} (2005)
<br>''country comparison to the world:'' 142

'''Oil – imports:''' {{convert|4066|oilbbl/d}} (2005)
<br>''country comparison to the world:'' 166

'''Natural gas – production:''' 0 cu m (2007)
<br>''country comparison to the world:'' 208

'''Natural gas – consumption:''' 0 cu m (2007)
<br>''country comparison to the world:'' 207

'''Natural gas – exports:''' 0 cu m (2007)
<br>''country comparison to the world:'' 202

'''Natural gas – imports:''' 0 cu m (2007)
<br>''country comparison to the world:'' 201

'''Natural gas – proved reserves:''' 0 cu m (2006)
<br>''country comparison to the world:'' 205

'''Exports:''' $445.6 million (2004)
<br>''country comparison to the world:'' 167

'''Exports – commodities:'''
canned tuna 93% (2004)

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

'''Imports:''' $308.8 million (2004)
<br>''country comparison to the world:'' 195

'''Imports – commodities:'''
materials for canneries 56%, food 8%, petroleum products 7%, machinery and parts 6% (2004)

'''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

==References==
{{reflist|refs=
<ref name="FEMA">{{cite press release |title=Fact Sheet: Territory of American Samoa {{!}} FEMA.gov |url=https://www.fema.gov/news-release/2009/09/30/fact-sheet-territory-american-samoa |access-date=3 November 2019 |work=FEMA |issue=HQ-09-112Fact Sheet |date=30 September 2009}}</ref>
}}

==External links==
* [https://web.archive.org/web/20041026232700/http://www.classbrain.com/art_cr/publish/american_samoa_economy.shtml]

{{American Samoa}}
{{Economy of the United States by jurisdiction}}
{{Oceania in topic|Economy of}}

{{DEFAULTSORT:Economy of American Samoa}}
[[Category:Economy of American Samoa| ]]