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The Economy of Guam

Guamanian Economy

Guam's map

Economy - overview: The economy depends largely on US military spending and tourism. Total US grants, wage payments, and procurement outlays amounted to $1.3 billion in 2004. Over the past 30 years, the tourist industry has grown to become the largest income source following national defense. The Guam economy continues to experience expansion in both its tourism and military sectors.

GDP:

GDP - real growth rate: NA%

GDP - per capita:

GDP - composition by sector: agriculture: NA% industry: NA% services: NA%

Population below poverty line:

Household income or consumption by percentage share: lowest 10%: NA% highest 10%: NA%

Distribution of family income - Gini index:

Inflation rate (consumer prices):

Labor force: 62,050 (2002 est.)

Labor force - by occupation: agriculture: 26% industry: 10% services: 64% (2004 est.)

Unemployment rate: 11.4% (2002 est.)

Budget: revenues: $319.6 million expenditures: $427.8 million (2002 est.)

Industries: US military, tourism, construction, transshipment services, concrete products, printing and publishing, food processing, textiles

Industrial production growth rate: NA%

Electricity - production: 1.789 billion kWh (2006 est.)

Electricity - production by source:

Electricity - consumption: 1.664 billion kWh (2006 est.)

Electricity - exports: 0 kWh (2007 est.)

Electricity - imports: 0 kWh (2007 est.)

Oil - production: 0 bbl/day (2007 est.)

Oil - consumption: 12,780 bbl/day (2007 est.)

Oil - exports: 0 bbl/day (2005)

Oil - imports: 13,530 bbl/day (2005)

Oil - proved reserves: 0 bbl (1 January 2006 est.)

Natural gas - production: 0 cu m (2007 est.)

Natural gas - consumption: 0 cu m (2007 est.)

Natural gas - exports: 0 cu m (2007 est.)

Natural gas - imports: 0 cu m (2007 est.)

Natural gas - proved reserves: 0 cu m (1 January 2006 est.)

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

Exports: $45 million f.o.b. (2004 est.)

Exports - commodities: transshipments of refined petroleum products, construction materials, fish, food and beverage products

Exports - partners:

Imports: $701 million f.o.b. (2004 est.)

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

Imports - partners:

Debt - external: $NA

Economic aid - recipient:

Currency:

Currency code:

Exchange rates: the US dollar is used

Fiscal year: