Economy - overview:
US national defense spending is the main driver of Guam’s economy, followed closely 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 $1.988 billion in 2016, or 34.2 of Guam’s GDP. Of that total, federal grants and cover-over payments amounted to $3444.1 million in 2016, or 35.8% of Guam’s total revenues for the fiscal year. In 2016, Guam’s economy grew 0.3%. 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. Service exports, mainly spending by foreign tourists in Guam, amounted to over $1 billion for the first time in 2016, or 17.8% of GDP.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): GDP - composition, by end use: GDP - composition, by sector of origin: Agriculture - products: Industries: Industrial production growth rate: Labor force: Labor force - by occupation: Unemployment rate: Population below poverty line: Household income or consumption by percentage share: Budget: Taxes and other revenues: Budget surplus (+) or deficit (-): Public debt: Fiscal year: Inflation rate (consumer prices): Exports: Exports - partners: Exports - commodities: Imports: Imports - commodities: Imports - partners: Debt - external: Stock of direct foreign investment - at home: the US dollar is used
$5.793 billion
(2016 est.)
$5.697 billion
(2015 est.)
$5.531 billion
(2014 est.)
country comparison to the world:
174
[see also: GDP country ranks ]
$5.793 billion
(2016 est.)
(2016 est.)
[see also: GDP (official exchange rate) country ranks ]
0.4%
(2016 est.)
0.5%
(2015 est.)
1.6%
(2014 est.)
country comparison to the world:
192
[see also: GDP - real growth rate country ranks ]
$35,600
(2016 est.)
$35,200
(2015 est.)
$34,400
(2014 est.)
country comparison to the world:
56
[see also: GDP - per capita country ranks ]
household consumption: 56.2%
(2016 est.)
[see also: GDP - composition, by end use - household consumption country ranks ]
government consumption: 55%
(2016 est.)
[see also: GDP - composition, by end use - government consumption country ranks ]
investment in fixed capital: 20.6%
(2016 est.)
[see also: GDP - composition, by end use - investment in fixed capital country ranks ]
investment in inventories:
NA
(2016 est.)
[see also: GDP - composition, by end use - investment in inventories country ranks ]
exports of goods and services: 19.4%
(2016 est.)
[see also: GDP - composition, by end use - exports of goods and services country ranks ]
imports of goods and services: -51.2%
(2016 est.)
[see also: GDP - composition, by end use - imports of goods and services country ranks ]
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: 58.4%
NA
(2015 est.)
[see also: GDP - composition, by sector of origin - services country ranks ]
fruits, copra, vegetables; eggs, pork, poultry, beef
national defense, tourism, construction, transshipment services, concrete products, printing and publishing, food processing, textiles
NA
[see also: Industrial production growth rate country ranks ]
73,210
(2016 est.)
note: includes only the civilian labor force
country comparison to the world:
184
[see also: Labor force country ranks ]
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 ]
4.5%
(2017 est.)
3.9%
(2016 est.)
country comparison to the world:
64
[see also: Unemployment rate country ranks ]
23%
(2001 est.)
[see also: Population below poverty line country ranks ]
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 ]
revenues: 1.24 billion
(2016 est.)
[see also: Budget - revenues country ranks ]
expenditures: 1.299 billion
(2016 est.)
[see also: Budget - expenditures country ranks ]
21.4% (of GDP)
(2016 est.)
country comparison to the world:
139
[see also: Taxes and other revenues country ranks ]
-1% (of GDP)
(2016 est.)
country comparison to the world:
78
[see also: Budget surplus (+) or deficit (-) country ranks ]
22.1% of GDP
(2016 est.)
32.1% of GDP
(2013)
country comparison to the world:
184
[see also: Public debt country ranks ]
1 October - 30 September
1%
(2017 est.)
0%
(2016 est.)
country comparison to the world:
52
[see also: Inflation rate (consumer prices) country ranks ]
$1.124 billion
(2016 est.)
$1.046 billion
(2015 est.)
country comparison to the world:
157
[see also: Exports country ranks ]
Palau 13.6%
(2017)
transshipments of refined petroleum products, construction materials, fish, foodstuffs and beverages
$2.964 billion
(2016 est.)
$3.054 billion
(2015 est.)
country comparison to the world:
150
[see also: Imports country ranks ]
petroleum and petroleum products, food, manufactured goods
Singapore 41.7%, Japan 30.6%, Hong Kong 10.6%
(2017)
NA
[see also: Debt - external country ranks ]
(31 December 2009 est.)
[see also: Stock of direct foreign investment - at home country ranks ]