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Guam Economy 2017
https://theodora.com/wfbcurrent/guam/guam_economy.html
SOURCE: 2017 CIA WORLD FACTBOOK AND OTHER SOURCES











Guam Economy 2017
SOURCE: 2017 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on January 12, 2017

Economy - overview:
US national defense spending is the main driver of Guam’s economy, followed by tourism and other services. Total federal spending (defense and non-defense) amounted to $1.973 billion in 2014, or 40.4% of GDP. Service exports, mainly spending by foreign tourists while on Guam, amounted to $651 million in 2013, or 13.3% of GDP. In 2013, Guam’s economy grew 0.6%. Despite slow growth, Guam’s economy has been stable over the last decade. National defense spending cushions the island’s economy against fluctuations in tourism. Guam serves as a forward US base for the Western Pacific and is home to thousands of American military personnel. Federal grants amounted to $373.3 million in 2013, or 32.6% of Guam’s total revenues for the fiscal year.

GDP (purchasing power parity):
$4.882 billion (2013 est.) $4.756 billion (2012 est.) $4.562 billion (2011 est.)
country comparison to the world: 175
[see also: GDP country ranks ]

GDP (official exchange rate):
$4.6 billion (2010 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
0.6% (2013 est.) 1.8% (2012) -0.3% (2011)
country comparison to the world: 185
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$30,500 (2013 est.) $29,800 (2012 est.) $28,600 (2011 est.)
country comparison to the world: 62
[see also: GDP - per capita country ranks ]

GDP - composition, by end use:
household consumption: 63.7%
[see also: GDP - composition, by end use - household consumption country ranks ]
government consumption: 64.9%
[see also: GDP - composition, by end use - government consumption country ranks ]
investment in fixed assets: 5.8%
investment in inventories: NA
[see also: GDP - composition, by end use - investment in inventories country ranks ]
exports of goods and services: 17%
[see also: GDP - composition, by end use - exports of goods and services country ranks ]
imports of goods and services: -51.2% (2013)
[see also: GDP - composition, by end use - imports of goods and services country ranks ]

GDP - composition, by sector of origin:
agriculture: NA%
[see also: GDP - composition, by sector of origin - agriculture country ranks ]
industry: NA%
[see also: GDP - composition, by sector of origin - industry country ranks ]
services: NA%
[see also: GDP - composition, by sector of origin - services country ranks ]

Agriculture - products:
fruits, copra, vegetables; eggs, pork, poultry, beef

Industries:
national defense, tourism, construction, transshipment services, concrete products, printing and publishing, food processing, textiles

Industrial production growth rate:
NA%
[see also: Industrial production growth rate country ranks ]

Labor force:
70,490
note: this number is for the civilian labor force only (2013 est.)
country comparison to the world: 186
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 0.3%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 21.6%
[see also: Labor force - by occupation - industry country ranks ]
services: 78.1% (2013)
[see also: Labor force - by occupation - services country ranks ]

Unemployment rate:
8.4% (2013 est.) 8.2% (2010 est.)
country comparison to the world: 95
[see also: Unemployment rate country ranks ]

Population below poverty line:
23% (2001 est.)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: NA%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: NA%
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Budget:
revenues: $1.147 billion
[see also: Budget revenues country ranks ]
expenditures: $1.188 billion (2013 est.)
[see also: Budget expenditures country ranks ]

Taxes and other revenues:
24.9% of GDP (2013 est.)
country comparison to the world: 118
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-0.9% of GDP (2013 est.)
country comparison to the world: 46
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
32.1% of GDP (2013) 35.8% of GDP (2012)
country comparison to the world: 141
[see also: Public debt country ranks ]

Fiscal year:
1 October - 30 September

Inflation rate (consumer prices):
1.8% (2014 est.) 4% (2011 est.)
country comparison to the world: 103
[see also: Inflation rate (consumer prices) country ranks ]

Exports:
$828 million (2013 est.) $795 million (2012)
country comparison to the world: 163
[see also: Exports country ranks ]

Exports - commodities:
transshipments of refined petroleum products, construction materials, fish, foodstuffs and beverages

Imports:
$2.501 billion (2013 est.) $2.438 billion (2012)
country comparison to the world: 153
[see also: Imports country ranks ]

Imports - commodities:
petroleum and petroleum products, food, manufactured goods

Debt - external:
$NA
[see also: Debt - external country ranks ]

Exchange rates:
the US dollar is used

NOTE: The information regarding Guam on this page is re-published from the 2017 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Guam Economy 2017 information contained here. All suggestions for corrections of any errors about Guam Economy 2017 should be addressed to the CIA.




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This page was last modified 22-Feb-17
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