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, taro, bananas, tropical fruits, pineapples, mangoes/guavas, papayas, root vegetables, milk, pork (2022).
More about the economy of American Samoa
Labor force 77,000 (2023 est.)
Industrial production growth rate -1.9% (2023 est.)
Industries food processing, building materials, auto parts
Population below poverty line 21.9% (2018 est.)
Taxes and other revenues 25.02% (of GDP) (2021 est.)
Fiscal year
Exchange rates
Currency tala (SAT) per US dollar -
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.)
Exchange rates 2019 2.649 (2019 est.)
Debt - external
Debt - external 2022 $279.335 million (2022 est.)
Reserves of foreign exchange and gold
Reserves of foreign exchange and gold 2023 $447.09 million (2023 est.)
Reserves of foreign exchange and gold 2022 $321.163 million (2022 est.)
Reserves of foreign exchange and gold 2021 $294.682 million (2021 est.)
Current account balance
Current account balance 2023 $46.511 million (2023 est.)
Current account balance 2022 -$86.678 million (2022 est.)
Current account balance 2021 -$114.383 million (2021 est.)
Public debt
Public debt 2017 49.1% of GDP (2017 est.)
Budget
Revenues $342.18 million (2021 est.)
Expenditures $297.736 million (2021 est.)
Budget surplus (+) or deficit (-)
Remittances
Remittances 2023 28.36% of GDP (2023 est.)
Remittances 2022 33.61% of GDP (2022 est.)
Remittances 2021 29.44% of GDP (2021 est.)
Imports
Imports 2023 $560.488 million (2023 est.)
Imports 2022 $512.002 million (2022 est.)
Imports 2021 $430.011 million (2021 est.)
Imports (partners) China 25%, Singapore 16%, NZ 14%, South Korea 7%, US 7% (2022)
Comodities Imports force refined petroleum, coated flat-rolled iron, fish, poultry, ships (2022)
Exports
Imports 2023 $560.488 million (2023 est.)
Imports 2022 $512.002 million (2022 est.)
Imports 2021 $430.011 million (2021 est.)
Exports (partners) India 23%, US 19%, NZ 12%, Hungary 8%, Poland 6% (2022)
Comodities Exports force coconut oil, integrated circuits, insulated wire, citrus, power equipment (2022)
Real GDP (purchasing power parity)
Real GDP (purchasing power parity) 2023 $1.359 billion (2023 est.)
Real GDP (purchasing power parity) 2022 $1.258 billion (2022 est.)
Real GDP (purchasing power parity) 2021 $1.329 billion (2021 est.)
GDP (official exchange rate) $934.1 million (2023 est.)
Real GDP Per capita
Real GDP per capita 2023 $6,000 (2023 est.)
Real GDP per capita 2022 $5,700 (2022 est.)
Real GDP per capita 2021 $6,100 (2021 est.)
GDP - composition, by sector of origin
Agriculture 11% (2023 est.)
Industry 11% (2023 est.)
Services 67.6% (2023 est.)
GDP - composition, by end use
Household consumption 86.2% (2023 est.)
Government consumption 18.2% (2023 est.)
Investment in fixed capital 34.7% (2023 est.)
Investment in inventories 2.6% (2023 est.)
Exports of goods and services 28.9% (2023 est.)
Imports of goods and services -62.2% (2023 est.)
Unemployment rate
Unemployment rate 2023 9.75% (2023 est.)
Unemployment rate 2022 9.92% (2022 est.)
Unemployment rate 2021 10.37% (2021 est.)
Youth unemployment rate (ages 15-24)
Total 19.8% (2023 est.)
Male 13.4% (2023 est.)
Female 29.9% (2023 est.)
All Important Facts about American Samoa

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American Samoa is found in Polynesia