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Guam Economy 2018

SOURCE: 2018 CIA WORLD FACTBOOK AND OTHER SOURCES











Guam Economy 2018
SOURCE: 2018 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on February 28, 2018

Economy - overview:
US national defense spending is the main driver of Guam’s economy, followed by tourism and other services. Guam serves as a forward US base for the Western Pacific and is home to thousands of American military personnel. Total federal spending (defense and non-defense) amounted to $1.973 billion in 2014, or 40.4% of GDP. Of that total, federal grants amounted to $373.3 million in 2013, or 32.6% of Guam’s total revenues for the fiscal year. Service exports, mainly spending by foreign tourists to 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.

GDP (purchasing power parity):
$4.882 billion (2013 est.) $4.756 billion (2012 est.) $4.562 billion (2011 est.)
country comparison to the world: 178

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: 196
[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: 64

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 capital: 5.8%
[see also: GDP - composition, by end use - investment in fixed capital country ranks ]
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: includes only the civilian labor force (2013 est.)
country comparison to the world: 187
[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 est.)
[see also: Labor force - by occupation - services country ranks ]

Unemployment rate:
8.4% (2013 est.) 8.2% (2010 est.)
country comparison to the world: 115
[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%

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: 115
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-0.9% of GDP (2013 est.)
country comparison to the world: 55
[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: 157
[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: 77
[see also: Inflation rate (consumer prices) country ranks ]

Exports:
$828 million (2013 est.) $795 million (2012)
country comparison to the world: 165
[see also: Exports country ranks ]

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

Exports - partners:
Palau 20.3%, Japan 5.1% (2016)

Imports:
$2.501 billion (2013 est.) $2.438 billion (2012 est.)
country comparison to the world: 151
[see also: Imports country ranks ]

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

Imports - partners:
Singapore 32.1%, Japan 30.6%, South Korea 8.4%, Hong Kong 8.1% (2016)

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

Exchange rates:
the US dollar is used

NOTE: 1) The information regarding Guam on this page is re-published from the 2018 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Guam Economy 2018 information contained here. All suggestions for corrections of any errors about Guam Economy 2018 should be addressed to the CIA.
2) The rank that you see is the CIA reported rank, which may habe the following issues:
  a) The assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
  b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order






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