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EMBARGOED UNTIL RELEASE AT 3:30 p.m. EDT, Friday, October 20, 2023 Technical: Media: Michelle Grier (BEA) Connie O’Connell (BEA) Melissa Braybrooks (OIA) 301-278-9076 301-278-9003 202-336-2651 BEA 23–48 Territories@bea.gov Connie.OConnell@bea.gov Melissa_Braybrooks@ios.doi.gov Gross Domestic Product for American Samoa, 2022 Gross Domestic Product by Industry and Compensation by Industry, 2021 Real gross domestic product (GDP) for American Samoa increased 1.8 percent in 2022 after decreasing 0.8 percent in 2021 (table 1.3), according to statistics released today by the U.S. Bureau of Economic Analysis (BEA). These statistics were developed under the Statistical Improvement Program funded by the Office of Insular Affairs (OIA) of the U.S. Department of the Interior. GDP for 2022 The increase in real GDP reflected increases in government spending and exports (table 1.2). Personal consumption expenditures, private fixed investment, and private inventory investment subtracted from growth. Imports, a subtraction item in the calculation of GDP, also decreased. Chart 1. American Samoa: Contributions to the Percent Change in Real GDP, 2022 Percentage points 16 11.46 12 8 4 2.81 1.8% 1.34 0 –4 –8 –3.95 –3.67 –6.19 GDP Personal Private fixed consumption investment expenditures Private inventory investment Government spending Exports Imports Note. This chart shows the percent change of total real GDP and the contributions (in percentage points) of each major component to that change. For example, exports accounted for 1.34 percentage points of the 1.8 percent increase in real GDP in 2022. Imports are a subtraction item; thus, a decrease in imports results in a positive contribution to GDP. U.S. Bureau of Economic Analysis Page 1 of 5 Government spending increased 5.0 percent (table 1.3), reflecting growth in territorial government spending. Territorial government spending was supported by federal grant revenues, including Coronavirus State and Local Fiscal Recovery Fund payments and Education Stabilization Fund payments authorized by the Coronavirus Aid, Relief, and Economic Security Act of 2020; the Coronavirus Response and Relief Supplemental Appropriations (CRRSA) Act of 2021; and the American Rescue Plan Act of 2021. Exports of goods and services increased 3.0 percent, primarily reflecting an increase in exports of canned tuna and related products. Data from the U.S. Census Bureau U.S. Trade with Puerto Rico and U.S. Possessions reports show that the quantities of prepared or preserved fish shipped from American Samoa to the 50 states and the District of Columbia were 3.3 percent higher in 2022 than in 2021. Exports of services also increased, primarily reflecting growth in visitor spending. Personal consumption expenditures (PCE) decreased 7.8 percent, reflecting decreased spending on goods, such as motor vehicles and food. Economic impact payments distributed to households through the CRRSA Act and the American Rescue Plan Act tapered off by 2022. These payments had supported consumer spending in 2021. Private fixed investment (PFI) decreased 38.4 percent, reflecting declines in residential and nonresidential structures and purchases of equipment. Private inventory investment decreased (table 1.2), reflecting a decline in inventory investment in the tuna canning industry. Imports decreased 12.5 percent, primarily reflecting decreases in goods imported for domestic consumption, including goods within PCE, PFI, and private inventory investment. GDP by industry and compensation by industry for 2021 In 2021, real GDP decreased 0.8 percent. The newly available GDP by industry data, which are released on a 1-year lag, reveal that the private sector was the primary source of the decline in real GDP in 2021 (table 2.5). The private sector decreased 5.2 percent (table 2.4), primarily reflecting a decline in manufacturing. The decline in manufacturing reflected decreased tuna cannery output. The government sector increased 8.1 percent, reflecting growth in compensation of territorial government employees. Total compensation increased from $345 million in 2020 to $364 million in 2021 (table 2.6). The $19 million increase reflected growth in territorial government compensation. Page 2 of 5 Updates to American Samoa GDP and Its Components Estimates for 2018–2021 that were released on September 1, 2022, have been revised to incorporate updates to source data including the following: • • • • Value of imported goods by type from the American Samoa Department of Commerce. Audited financial statements for the American Samoa government and its independent agencies. Residential electricity revenue and sales for American Samoa from the U.S. Energy Information Administration’s Annual Electric Power Industry Report. Wage and employment information from the U.S. Census Bureau County Business Patterns. The revised estimates exhibit a pattern of inflation-adjusted GDP growth similar to the previously published estimates (table 1.7). Due to lags in the availability of data for various components of GDP, the statistics presented today for 2022 are preliminary estimates. For example, data covering government spending and imports of goods for the fourth quarter of 2022 were not available in time for incorporation into this year’s estimates of GDP. As additional source data become available, BEA will incorporate the information and will release updated estimates once a year. For more information on the data sources underlying these estimates, see Summary of Methodologies: Gross Domestic Product for American Samoa, the Commonwealth of the Northern Mariana Islands, Guam, and the U.S. Virgin Islands. Next release: Fall 2024 Gross Domestic Product for American Samoa, 2023 Gross Domestic Product by Industry and Compensation by Industry, 2022 Page 3 of 5 Additional Information Resources • • • • Stay informed about BEA developments by reading The BEA Wire, signing up for BEA’s email subscription service, or following @BEA_News on X, formerly known as Twitter. Historical time series for gross domestic product for the U.S. territories can be accessed on BEA’s website. For more on BEA statistics, see our online journal, the Survey of Current Business. For upcoming economic indicators, see BEA’s news release schedule. Definitions Gross domestic product (GDP) is the value of the goods and services produced by the American Samoa economy less the value of the goods and services used up in production. GDP is also equal to the sum of personal consumption expenditures, private fixed investment, change in private inventories, net exports of goods and services, and government consumption expenditures and gross investment. Personal consumption expenditures measures the goods and services purchased by “persons”—that is, by households and by nonprofit institutions serving households—who are resident in American Samoa. Private fixed investment measures spending by American Samoa private businesses, nonprofit institutions, and households on structures and equipment that are used in the production of goods and services. Change in private inventories, or “private inventory investment,” is a measure of the value of the change in the physical volume of the inventories—additions less withdrawals—that businesses maintain to support their production and distribution activities. Net exports of goods and services is the difference between exports of goods and services and imports of goods and services. Exports measures the portion of total American Samoa production of goods and services that is provided to the rest of the world. Imports measures the portion of total American Samoa expenditures that is accounted for by goods and services provided by the rest of the world. Government consumption expenditures and gross investment, or “government spending,” measures the portion of GDP that is accounted for by the government sector. Government consumption expenditures consists of spending by government to produce and provide services to the public. Gross investment consists of spending by government for fixed assets that directly benefit the public or that assist government agencies in their production activities. Gross domestic income (GDI) is the sum of incomes earned and costs incurred in the production of GDP. In national economic accounting, GDP and GDI are conceptually equal. Current-dollar estimates are valued in the prices of the period when the transactions occurred—that is, at “market value” (also referred to as “nominal estimates” or as “current-price estimates”). Real values are inflation-adjusted estimates—that is, estimates that exclude the effects of price changes. Statistical conventions Quantities (or “real” volume measures) and prices are expressed as index numbers with a specified reference year equal to 100 (currently 2012). Quantity and price indexes are calculated using a Fisher chain-weighted formula that incorporates weights from 2 adjacent years. “Real” dollar series are calculated by multiplying the quantity index by the current-dollar value in the reference year and then dividing by 100. Chained-dollar values are not additive, because the relative weights for a given period differ from those of the reference year. Page 4 of 5 News release tables Table 1.1. Gross Domestic Product Table 1.2. Real Gross Domestic Product Table 1.3. Percent Change from Preceding Year in Real Gross Domestic Product Table 1.4. Contributions to Percent Change in Real Gross Domestic Product Table 1.5. Percent Change from Preceding Year in Prices for Gross Domestic Product and Price Indexes for Gross Domestic Product Table 1.6. Gross Domestic Income Table 1.7. Revisions to Percent Change in Real Gross Domestic Product Table 2.1. Value Added by Industry Table 2.2. Value Added by Industry as a Percentage of Gross Domestic Product Table 2.3. Real Value Added by Industry Table 2.4. Percent Changes in Real Value Added by Industry Table 2.5. Contributions to Percent Change in Real Gross Domestic Product by Industry Table 2.6. Compensation of Employees by Industry Page 5 of 5 American Samoa October 20, 2023 Table 1.1. Gross Domestic Product Line 1 Gross domestic product 2 Personal consumption expenditures 3 Goods 4 Durable goods 5 Nondurable goods 6 Services 7 Net foreign travel 8 Private fixed investment 9 Change in private inventories 10 Net exports of goods and services 11 Exports 12 Goods 13 Services 14 Imports 15 Goods 16 Services Government consumption expenditures 17 and gross investment 18 Federal 19 Territorial r Revised p Preliminary Note. Detail may not add to total because of rounding. U.S. Bureau of Economic Analysis 2012 640 420 183 23 160 246 -9 54 0 -163 483 457 26 646 588 57 329 22 306 [Millions of dollars] 2013 2014 2015 638 643 673 446 463 460 207 217 214 25 34 32 181 183 182 247 256 256 -8 -10 -10 66 72 56 6 32 23 -193 -266 -237 458 429 428 435 402 401 24 27 27 651 695 665 591 625 596 60 70 69 313 21 292 343 24 319 371 26 345 2016 671 463 209 30 179 264 -9 53 46 -210 429 401 27 639 571 68 2017 612 471 208 26 182 270 -7 54 38 -264 362 336 26 626 552 74 2018r 639 487 214 27 187 277 -3 56 -11 -227 436 410 25 662 573 89 2019r 647 509 213 29 184 297 -1 46 -4 -215 399 377 23 614 547 68 2020r 721 533 249 57 192 281 3 62 19 -259 427 422 5 686 621 64 2021r 750 602 296 70 226 301 5 79 3 -362 332 328 4 694 609 86 2022p 871 621 281 50 231 334 6 53 -29 -268 409 399 10 677 590 87 320 26 294 313 25 288 334 25 310 312 23 289 366 23 343 429 21 407 495 22 473 American Samoa October 20, 2023 Table 1.2. Real Gross Domestic Product Line 1 Gross domestic product 2 Personal consumption expenditures 3 Goods 4 Durable goods 5 Nondurable goods 6 Services 7 Net foreign travel 8 Private fixed investment 9 Change in private inventories 10 Net exports of goods and services 11 Exports 12 Goods 13 Services 14 Imports 15 Goods 16 Services Government consumption expenditures 17 and gross investment 18 Federal 19 Territorial r Revised p Preliminary U.S. Bureau of Economic Analysis 2012 640 420 183 23 160 246 -9 54 0 -163 483 457 26 646 588 57 329 22 306 [Millions of chained (2012) dollars] 2013 2014 2015 2016 624 635 655 644 440 451 458 463 204 213 211 207 25 33 31 29 179 180 180 178 243 248 255 263 -7 -10 -9 -8 63 67 51 48 6 33 28 56 -192 -250 -239 -222 481 503 540 534 458 477 515 508 23 26 26 26 673 753 780 755 614 686 713 688 59 67 67 67 308 21 287 331 23 308 359 25 333 309 25 284 2017 599 460 202 25 176 263 -5 48 43 -251 417 393 24 668 595 71 2018r 615 465 203 27 176 264 -2 48 -11 -191 473 451 22 664 581 81 2019r 612 481 201 28 173 279 0 39 -5 -180 448 428 20 628 566 61 2020r 639 504 236 55 181 264 3 51 22 -256 494 496 4 750 691 60 2021r 634 541 261 62 200 274 5 60 2 -348 359 360 3 708 630 75 2022p 645 498 217 40 178 275 7 37 -18 -249 370 365 8 619 546 70 297 24 273 304 23 282 278 20 258 314 20 294 352 18 334 370 18 352 American Samoa October 20, 2023 Table 1.3. Percent Change from Preceding Year in Real Gross Domestic Product Line 1 Gross domestic product 2 Personal consumption expenditures 3 Goods 4 Durable goods 5 Nondurable goods 6 Services 7 Net foreign travel 8 Private fixed investment 9 Change in private inventories 10 Net exports of goods and services 11 Exports 12 Goods 13 Services 14 Imports 15 Goods 16 Services Government consumption expenditures 17 and gross investment 18 Federal 19 Territorial r Revised p Preliminary U.S. Bureau of Economic Analysis 2013 -2.5 4.7 11.3 10.4 11.5 -1.0 …….. 15.7 …….. …….. -0.5 0.1 -10.2 4.2 4.3 3.9 2014 1.6 2.7 4.7 32.2 0.9 2.0 …….. 6.1 …….. …….. 4.8 4.3 12.7 11.9 11.8 12.9 -6.4 -4.6 -6.5 7.5 9.9 7.3 [Percent] 2015 2016 3.3 -1.8 1.4 1.1 -1.0 -1.7 -5.8 -5.8 -0.2 -1.0 3.1 3.1 …….. …….. -23.4 -7.1 …….. …….. …….. …….. 7.4 -1.2 7.9 -1.3 -0.7 -0.7 3.5 -3.1 3.9 -3.5 0.4 0.0 8.4 9.5 8.4 -13.9 -1.1 -14.8 2017 -6.9 -0.6 -2.9 -13.3 -1.1 -0.2 …….. 1.3 …….. …….. -21.9 -22.8 -8.3 -11.5 -13.5 6.1 2018r 2.7 1.1 0.7 4.8 0.1 0.2 …….. -0.4 …….. …….. 13.5 14.9 -5.3 -0.6 -2.4 12.9 2019r -0.5 3.5 -0.8 6.1 -1.9 6.0 …….. -19.0 …….. …….. -5.4 -5.1 -11.4 -5.5 -2.5 -24.1 2020r 4.5 4.9 17.1 94.5 4.7 -5.4 …….. 31.1 …….. …….. 10.4 15.7 -77.6 19.5 22.1 -1.2 2021r -0.8 7.1 10.7 12.7 10.1 3.6 …….. 18.1 …….. …….. -27.4 -27.4 -25.2 -5.7 -8.8 23.8 2022p 1.8 -7.8 -16.7 -35.7 -10.8 0.5 …….. -38.4 …….. …….. 3.0 1.5 128.6 -12.5 -13.3 -7.1 -4.0 -4.1 -4.0 2.5 -5.9 3.3 -8.5 -9.5 -8.4 12.9 -1.0 14.0 12.2 -10.8 13.7 5.0 -2.5 5.4 American Samoa October 20, 2023 Table 1.4. Contributions to Percent Change in Real Gross Domestic Product Line 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 2013 Percent change: Gross domestic product Percentage points: Personal consumption expenditures Goods Durable goods Nondurable goods Services Net foreign travel Private fixed investment Change in private inventories Net exports of goods and services Exports Goods Services Imports Goods Services Government consumption expenditures and gross investment Federal Territorial r Revised p Preliminary U.S. Bureau of Economic Analysis 2014 2015 2016 2017 2018r 2019r 2020r 2021r 2022p -2.5 1.6 3.3 -1.8 -6.9 2.7 -0.5 4.5 -0.8 1.8 3.06 3.23 0.37 2.86 -0.37 0.21 1.35 0.90 -4.50 -0.34 0.07 -0.41 -4.16 -3.81 -0.35 1.92 1.55 1.29 0.25 0.77 -0.40 0.64 4.05 -8.70 3.24 2.76 0.48 -11.94 -10.70 -1.24 1.01 -0.34 -0.30 -0.04 1.20 0.16 -2.62 -0.67 1.07 4.69 4.72 -0.03 -3.63 -3.59 -0.04 0.72 -0.53 -0.27 -0.26 1.16 0.10 -0.58 3.37 2.28 -0.78 -0.75 -0.03 3.06 3.06 0.00 -0.45 -0.91 -0.60 -0.31 -0.06 0.53 0.11 -1.66 -2.98 -14.69 -14.35 -0.35 11.72 12.35 -0.64 0.85 0.23 0.20 0.03 0.10 0.51 -0.03 -8.20 8.80 8.16 8.39 -0.22 0.63 2.24 -1.61 2.64 -0.28 0.26 -0.54 2.60 0.32 -1.67 1.01 1.95 -3.62 -3.17 -0.45 5.57 2.22 3.34 3.71 5.44 4.15 1.29 -2.42 0.70 2.18 3.60 -11.16 6.14 8.72 -2.58 -17.30 -17.43 0.12 5.29 3.73 1.03 2.70 1.40 0.16 1.57 -3.04 -10.85 -16.36 -16.18 -0.18 5.51 7.67 -2.16 -6.19 -6.55 -3.29 -3.26 0.19 0.18 -3.95 -3.67 12.80 1.34 0.68 0.66 11.46 10.68 0.79 -3.26 -0.16 -3.10 3.73 0.33 3.39 4.47 0.35 4.12 -7.58 -0.04 -7.54 -1.95 -0.16 -1.79 1.31 -0.25 1.56 -4.46 -0.37 -4.09 6.13 -0.03 6.17 6.18 -0.34 6.52 2.81 -0.07 2.88 American Samoa October 20, 2023 Table 1.5. Percent Change from Preceding Year in Prices for Gross Domestic Product and Price Indexes for Gross Domestic Product Line 2012 2013 1 2 Gross domestic product Personal consumption expenditures 17.4 4.8 3 4 Gross domestic product Personal consumption expenditures 100.0 100.0 2014 2015 2016 Percent 2.1 -0.7 1.2 1.6 1.5 1.0 -2.1 -0.2 Index numbers, 2012=100 102.1 101.4 102.6 104.3 101.5 102.5 100.4 100.1 2017 2018r 2019r 2020r 2021r 2022p -2.0 2.4 1.7 2.2 1.8 0.9 6.7 -0.1 4.8 5.4 14.2 11.9 102.2 102.5 103.9 104.8 105.8 105.8 112.8 105.7 118.3 111.4 135.0 124.6 2016 671 311 2017 612 294 2018r 639 301 2019r 647 309 2020r 721 345 2021r 750 364 2022p 871 …….. 27 333 24 294 34 304 37 301 30 346 44 342 …….. …….. r Revised p Preliminary U.S. Bureau of Economic Analysis Table 1.6. Gross Domestic Income Line 1 Gross domestic income 2 Compensation of employees Taxes on production and imports less 3 subsidies 4 Gross operating surplus 2012 640 272 25 343 [Millions of dollars] 2013 2014 2015 638 643 673 277 294 308 26 335 28 321 26 339 r Revised p Preliminary … Not available Note. Detail may not add to total because of rounding. U.S. Bureau of Economic Analysis Table 1.7. Revisions to Percent Change in Real Gross Domestic Product Line 1 2 3 2013 Percent change: Revised Previously published Percentage points: Revision U.S. Bureau of Economic Analysis 2014 2015 2016 2017 2018 2019 2020 2021 -2.5 -2.5 1.6 1.6 3.3 3.3 -1.8 -1.8 -6.9 -6.9 2.7 2.7 -0.5 -0.6 4.5 5.0 -0.8 -1.7 0.0 0.0 0.0 0.0 0.0 0.0 0.1 -0.5 0.9 American Samoa October 20, 2023 Table 2.1. Value Added by Industry Line 1 Gross domestic product 2 Private industries 3 Manufacturing 4 Nonmanufacturing 5 Government 6 Federal 7 Territorial 2012 640 446 89 356 194 17 177 [Millions of dollars] 2013 2014 2015 638 643 673 447 455 477 93 77 94 354 378 384 190 188 195 18 18 18 172 171 177 2016 671 475 92 383 196 18 178 2017 612 420 67 353 193 18 175 2018r 639 443 89 354 196 18 178 2019r 647 442 80 362 205 19 187 2020r 721 481 109 372 241 20 221 2021 750 489 65 424 261 19 242 2019r 100 68 12 56 32 3 29 2020r 100 67 15 52 33 3 31 2021 100 65 9 57 35 3 32 r Revised Note. Detail may not add to total because of rounding. U.S. Bureau of Economic Analysis Table 2.2. Value Added by Industry as a Percentage of Gross Domestic Product Line 1 Gross domestic product 2 Private industries 3 Manufacturing 4 Nonmanufacturing 5 Government 6 Federal 7 Territorial r Revised Note. Detail may not add to total because of rounding. U.S. Bureau of Economic Analysis 2012 100 70 14 56 30 3 28 [Percent] 2013 2014 100 100 70 71 15 12 55 59 30 29 3 3 27 27 2015 100 71 14 57 29 3 26 2016 100 71 14 57 29 3 27 2017 100 69 11 58 32 3 29 2018r 100 69 14 55 31 3 28 American Samoa October 20, 2023 Table 2.3. Real Value Added by Industry Line 1 Gross domestic product 2 Private industries 3 Manufacturing 4 Nonmanufacturing 5 Government 6 Federal 7 Territorial [Millions of chained (2012) dollars] 2012 2013 2014 2015 2016 640 624 635 655 644 446 439 457 477 466 89 88 91 105 104 356 351 366 373 364 194 186 178 179 178 17 18 17 17 17 177 168 161 162 161 2017 599 424 83 341 174 16 158 2018r 615 444 97 348 172 16 155 2019r 612 436 93 344 176 16 159 2020r 639 447 108 341 191 17 174 2018r 2.7 4.6 16.6 2.2 -1.4 0.4 -1.5 2019r -0.5 -1.7 -3.4 -1.3 2.1 -1.3 2.5 2020r 4.5 2.3 15.6 -0.8 9.0 6.0 9.3 2021 -0.8 -5.2 -32.2 1.8 8.1 -9.3 9.7 r Revised U.S. Bureau of Economic Analysis Table 2.4. Percent Changes in Real Value Added by Industry Line 1 Gross domestic product 2 Private industries 3 Manufacturing 4 Nonmanufacturing 5 Government 6 Federal 7 Territorial r Revised U.S. Bureau of Economic Analysis 2013 -2.5 -1.6 -1.5 -1.6 -4.5 5.0 -5.4 [Percent] 2014 2015 1.6 3.3 4.2 4.4 3.0 16.3 4.4 1.9 -4.1 0.5 -4.0 -1.3 -4.2 0.7 2016 -1.8 -2.3 -1.5 -2.5 -0.5 1.7 -0.7 2017 -6.9 -8.9 -20.2 -6.3 -2.2 -4.9 -1.9 2021 634 423 73 347 207 16 191 American Samoa October 20, 2023 Table 2.5. Contributions to Percent Change in Real Gross Domestic Product by Industry Line 1 2 3 4 5 6 7 2013 Percent change: Gross domestic product Percentage points: Private industries Manufacturing Nonmanufacturing Government Federal Territorial 2014 2015 2016 2017 2018 r 2019 r 2020 r 2021 -2.5 1.6 3.3 -1.8 -6.9 2.7 -0.5 4.5 -0.8 -1.09 -0.21 -0.88 -1.36 0.13 -1.49 2.89 0.40 2.49 -1.26 -0.11 -1.15 3.10 1.98 1.11 0.16 -0.04 0.19 -1.65 -0.20 -1.45 -0.15 0.05 -0.19 -6.27 -2.67 -3.61 -0.65 -0.14 -0.52 3.15 1.92 1.23 -0.43 0.01 -0.44 -1.19 -0.46 -0.73 0.66 -0.04 0.70 1.59 2.02 -0.43 2.87 0.17 2.70 -3.54 -4.52 0.98 2.64 -0.26 2.90 r Revised Note. Percentage-point contributions do not sum to the percent change in real gross domestic product (GDP) because of rounding and differences in source data used to estimate GDP by industry and the expenditures measure of real GDP. U.S. Bureau of Economic Analysis Table 2.6. Compensation of Employees by Industry Line 1 Total compensation 2 Private industries 3 Manufacturing 4 Nonmanufacturing 5 Government 6 Federal 7 Territorial r Revised Note. Detail may not add to total because of rounding. U.S. Bureau of Economic Analysis 2012 272 104 40 63 169 16 152 [Millions of dollars] 2013 2014 2015 277 294 308 105 116 124 42 45 51 63 72 73 171 178 185 17 17 17 154 161 167 2016 311 128 51 77 183 18 165 2017 294 118 40 79 175 17 158 2018r 301 127 49 78 174 18 156 2019r 309 131 54 77 178 18 160 2020r 345 130 50 80 215 20 196 2021 364 132 46 86 232 18 214
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