November 30, 2021
Real gross domestic product for American Samoa increased 4.0 percent in 2020 after decreasing 0.6 percent in 2019, according to statistics released today by the U.S. Bureau of Economic Analysis . These statistics were developed under the Statistical Improvement Program funded by the Office of Insular Affairs of the U.S. Department of the Interior.
GDP for 2020
The increase in real GDP reflected widespread growth among the major components of GDP including exports, private inventory investment, and government spending. These increases were partly offset by an increase in imports, which is a subtraction item in the calculation of GDP.
For more information, read the full release.