title: Economy of American Samoa
text: The economy of American Samoa is a traditional Polynesian economy in which more than 90% of the land is communally owned. Economic activity is strongly linked to the United States, with which American Samoa conducts the great bulk of its foreign trade. Tuna fishing and processing plants are the backbone of the private sector, with canned tuna being the primary export. Transfers from the 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.
  
  Statistics
  
  GDP: purchasing power parity – $537 million (2007 est.)
  country comparison to the world: 210
  
  GDP (official exchange rate): $462.2 million (2005)
  
  GDP – real growth rate: 3% (2003)
  country comparison to the world: 139
  
  GDP – per capita: purchasing power parity – $7,874 (2008)
  country comparison to the world: 120
  
  GDP – composition by sector:
  agriculture:
  NA%
  industry:
  NA%
  services:
  NA% (2002)
  
  Labor Force: 17,630 (2005)
  country comparison to the world: 203
  
  Labor force – by occupation: government 33%, tuna canneries 34%, other 33% (1990)
  
  Unemployment rate: 23.8% (2010)
  country comparison to the world: 175
  
  Population below poverty line:
  NA% (2002 est.)
  
  Household income or consumption by percentage share:
  lowest 10%:
  NA%
  highest 10%:
  NA%
  
  Inflation rate (consumer prices):
  NA% (2003 est.)
  
  Budget:
  revenues: $155.4 million (37% in local revenue and 63% in US grants)
  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)
  country comparison to the world: 179
  
  Electricity – production by source:
  fossil fuel:
  100%
  hydro:
  0%
  nuclear:
  0%
  other:
  0% (2001)
  
  Electricity – consumption: 167.4 GWh (2006)
  country comparison to the world: 179
  
  Electricity – exports: 0 kWh (2007)
  
  Electricity – imports: 0 kWh (2007)
  
  Oil – production:  (2007 est.)
  country comparison to the world: 209
  
  Oil – consumption:  (604 m³/d), 2006
  country comparison to the world: 170
  
  Oil – exports:  (2005)
  country comparison to the world: 142
  
  Oil – imports:  (2005)
  country comparison to the world: 166
  
  Natural gas – production: 0 cu m (2007)
  country comparison to the world: 208
  
  Natural gas – consumption: 0 cu m (2007)
  country comparison to the world: 207
  
  Natural gas – exports: 0 cu m (2007)
  country comparison to the world: 202
  
  Natural gas – imports: 0 cu m (2007)
  country comparison to the world: 201
  
  Natural gas – proved reserves: 0 cu m (2006)
  country comparison to the world: 205
  
  Exports: $445.6 million (2004)
  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)
  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
  
  External links
   http://www.classbrain.com/art_cr/publish/american_samoa_economy.shtml