The trial was conducted in earthen pond with average initial weight of 4.5 ± 0.4 mg/PLs of green tiger shrimp, to examine the effect of three stocking density and two water exchange rate on growth performances, production traits and feed composition. Eighteen earthen ponds (2200 m 2 ) were stocked with either, 5, 15 and 25 PLs/m 3 , and received either 10 or 20% of water exchange rate. The results revealed that, mean final weight (g/PLs), gain in weight (g/PLs), gain in weight %, SGR (% /day), feed conversion ratio, protein productive value (PPV), protein efficiency ratio (PER), fat gain and energy utilization were significantly (p≤0.01) the best at the lowest stocking density. While, total production exhibited significantly the opposite trend. There significant differences (P≤0.05) were found between water exchange rate in term of mean final weight (g/PLs), gain in weight (g/PLs), gain in weight %, SGR (%/day), feed conversion ratio, PPV, PER, fat gain and energy utilization.From the above results and the economic information of these study it can be concluded that, stocking density of 15 PLs/m 2 of green tiger shrimp and 20% water exchange rate exhibited the highest net profit and would seem to be the most desirable density and water exchange rate in the system studied.