Economy Of American Samoa

Economy 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	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
Investment gross fixed
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	NA (2003 est.)
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)
Public debt
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
Electricity production	130 million kWh (2001)
Electricity production by source	fossil fuel: 100% hydro: 0% other: 0% (2001) nuclear: 0%
Electricity consumption	120.9 million kWh (2001)
Electricity exports	0 kWh (2001)
Electricity imports	0 kWh (2001)
Oil production	0 bbl/day (2001 est.)
Oil consumption	3,800 bbl/day (2001 est.)
Oil exports	NA (2001)
Oil imports	NA (2001)
Oil proved reserves
Natural gas production
Natural gas consumption
Natural gas exports
Natural gas imports
Natural gas proved reserves
Current account balance
Exports	$30 million (2002)
Exports commodities	canned tuna 93%
Exports partners	Samoa 33.3%, Japan 22.2%, Australia 11.1%, Canada 11.1%, New Zealand 11.1% (2003)
Imports	$123 million (2002)
Imports commodities	materials for canneries 56%, food 8%, petroleum products 7%, machinery and parts 6%
Imports partners	Australia 33.3%, New Zealand 33.3%, Mauritius 9%, Japan 5.1%, South Korea 5.1%, UK 5.1% (2003)
Reserves of foreign exchange gold
Debt external	NA (2002 est.)
Economic aid recipient	important financial support from the US, more than $40 million in 1994
Currency	US dollar (USD)
Currency code	USD
Exchange rates	the US dollar is used
Fiscal year	1 October - 30 September

Applied Language Solutions offer English to Samoan Translation , English Translation .

This information was reproduced in part from the CIA World Fact book.

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Economy Of American