Source: world bank Nominal/PPP
Summary:
American Samoa GDP expanded from 2002 to 2022, increasing from $0.51 billion to $0.87 billion.The compound annual growth rate (CAGR) averaged 2.71% over the period. The economy recorded its peak level in 2022 and its lowest level in 2006. Growth volatility remained high. The maximum drawdown reached 16.18%, indicating the largest cyclical decline from peak levels. The country experienced 4 recession episode(s) during the observed period.
American Samoa Economic Phases (2002–2022)
Between 2002 to 2022, American Samoa experienced the following economic phases:
- Contraction (2004–2006) indicating temporary slowdown
- High Growth (2007–2009) indicating robust economic expansion
- Expansion (2014–2015) indicating steady moderate growth
- Contraction (2016–2017) indicating temporary slowdown
- Expansion (2018–2019) indicating steady moderate growth
- High Growth (2022–2022) indicating robust economic expansion
The most remarkable growth occurred in 2009 with an increase of 20.536%, while the largest decline was in 2010 at -15.111%.