American Samoa - Economy
How is the economy of American Samoa? Based on the information we have, American Samoa has a ower middle-income Pacific island economy; enormous fishing and agriculture industries; significant remittances; growing offshore financial hub; recently hosted Pacific Games to drive tourism and infrastructure growth. Key agricultural products in this country include: coconuts, bananas, taro, tropical fruits, pineapples, mangoes/guavas, papayas, root vegetables, milk, avocados (2023).
More about the economy of American Samoa
Labor force 57,200 (2024 est.)
Industrial production growth rate 4.2% (2024 est.)
Industries food processing, building materials, auto parts
Population below poverty line 21.9% (2018 est.)
Taxes and other revenues 26.7% (of GDP) (2023 est.)
Fiscal year
Exchange rates
Currency tala (SAT) per US dollar -
Exchange rates 2024 2.754 (2024 est.)
Exchange rates 2023 2.738 (2023 est.)
Exchange rates 2022 2.689 (2022 est.)
Exchange rates 2021 2.556 (2021 est.)
Exchange rates 2020 2.665 (2020 est.)
Debt - external
Debt - external 2023 $269.974 million (2023 est.)
Reserves of foreign exchange and gold
Reserves of foreign exchange and gold 2024 $507.74 million (2024 est.)
Reserves of foreign exchange and gold 2023 $447.09 million (2023 est.)
Reserves of foreign exchange and gold 2022 $321.163 million (2022 est.)
Current account balance
Current account balance 2024 $64.616 million (2024 est.)
Current account balance 2023 $40.177 million (2023 est.)
Current account balance 2022 -$74.039 million (2022 est.)
Public debt
Public debt 2016 52.6% of GDP (2016 est.)
Budget
Revenues $371.764 million (2023 est.)
Expenditures $326.052 million (2023 est.)
Budget surplus (+) or deficit (-)
Remittances
Remittances 2024 26.4% of GDP (2024 est.)
Remittances 2023 28.2% of GDP (2023 est.)
Remittances 2022 33.6% of GDP (2022 est.)
Imports
Imports 2024 $575.749 million (2024 est.)
Imports 2023 $560.776 million (2023 est.)
Imports 2022 $512.021 million (2022 est.)
Imports (partners) NZ 20%, Singapore 19%, China 17%, Australia 10%, Fiji 9% (2023)
Comodities Imports force refined petroleum, poultry, cars, plastic products, milk (2023)
Exports
Imports 2024 $575.749 million (2024 est.)
Imports 2023 $560.776 million (2023 est.)
Imports 2022 $512.021 million (2022 est.)
Exports (partners) India 26%, NZ 14%, USA 12%, American Samoa 10%, Australia 9% (2023)
Comodities Exports force refined petroleum, integrated circuits, coconut oil, fish, insulated wire (2023)
Real GDP (purchasing power parity)
Real GDP (purchasing power parity) 2024 $1.503 billion (2024 est.)
Real GDP (purchasing power parity) 2023 $1.374 billion (2023 est.)
Real GDP (purchasing power parity) 2022 $1.258 billion (2022 est.)
GDP (official exchange rate) $1.068 billion (2024 est.)
Real GDP Per capita
Real GDP per capita 2024 $6,900 (2024 est.)
Real GDP per capita 2023 $6,300 (2023 est.)
Real GDP per capita 2022 $5,800 (2022 est.)
GDP - composition, by sector of origin
Agriculture 11% (2024 est.)
Industry 10.9% (2024 est.)
Services 72.5% (2024 est.)
GDP - composition, by end use
Household consumption 80.8% (2024 est.)
Government consumption 18.2% (2024 est.)
Investment in fixed capital 30.5% (2024 est.)
Investment in inventories 2.3% (2024 est.)
Exports of goods and services 29.3% (2024 est.)
Imports of goods and services -53.8% (2024 est.)
Unemployment rate
Unemployment rate 2024 4.6% (2024 est.)
Unemployment rate 2023 5% (2023 est.)
Unemployment rate 2022 5.1% (2022 est.)
Youth unemployment rate (ages 15-24)
Total 11.9% (2024 est.)
Male 7.4% (2024 est.)
Female 20.9% (2024 est.)
All Important Facts about American Samoa

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American Samoa is found in Polynesia