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.
0.4% (2016 est.)
0.5% (2015 est.)
1.6% (2014 est.)
1% (2017 est.)
0% (2016 est.)
$5.793 billion (2016 est.)
$5.697 billion (2015 est.)
$5.531 billion (2014 est.)
$5.793 billion (2016 est.)
$35,600 (2016 est.)
$35,200 (2015 est.)
$34,400 (2014 est.)
agriculture: NA
industry: NA
services: 58.4% NA (2015 est.)
household consumption: 56.2% (2016 est.)
government consumption: 55% (2016 est.)
investment in fixed capital: 20.6% (2016 est.)
investment in inventories: NA (2016 est.)
exports of goods and services: 19.4% (2016 est.)
imports of goods and services: -51.2% (2016 est.)
fruits, copra, vegetables; eggs, pork, poultry, beef
national defense, tourism, construction, transshipment services, concrete products, printing and publishing, food processing, textiles
N/A
73,210 (2016 est.)
note: includes only the civilian labor force
agriculture: 0.3%
industry: 21.6%
services: 78.1% (2013 est.)
4.5% (2017 est.)
3.9% (2016 est.)
23% (2001 est.)
lowest 10%: NA
highest 10%: NA
revenues: 1.24 billion (2016 est.)
expenditures: 1.299 billion (2016 est.)
21.4% (of GDP) (2016 est.)
-1% (of GDP) (2016 est.)
22.1% of GDP (2016 est.)
32.1% of GDP (2013)
1 October - 30 September
$1.124 billion (2016 est.)
$1.046 billion (2015 est.)
South Korea 31%, Hong Kong 27%, Taiwan 18%, Philippines 7% (2019)
scrap iron, electric batteries, gas turbines, scrap copper, beauty products (2019)
$2.964 billion (2016 est.)
$3.054 billion (2015 est.)
Singapore 33%, Japan 21%, South Korea 18%, Hong Kong 9%, Malaysia 6% (2019)
refined petroleum, trunks/cases, cars, insulated wire, broadcasting equipment (2019)
N/A
the US dollar is used
NOTE: The information regarding Guam on this page is re-published from the 2021 World Fact Book of the United States Central Intelligence Agency and other sources. No claims are made regarding the accuracy of Guam 2021 information contained here. All suggestions for corrections of any errors about Guam 2021 should be addressed to the CIA or the source cited on each page.
This page was last modified 16 Dec 23, Copyright © 2023 ITA all rights reserved.