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 (purchasing power parity):
$2.5 billion (2005 est.)
GDP (official exchange rate):
$2.773 billion (2001)
GDP - real growth rate:
GDP - per capita (PPP):
$15,000 (2005 est.)
GDP - composition by sector:
agriculture: NA%
industry:
NA%
services:
NA%
Labor force:
82,950 (2007 est.)
Labor force - by occupation:
agriculture: 26%
industry:
10%
services:
64% (2004 est.)
Unemployment rate:
11.4% (2002 est.)
Population below poverty line:
23% (2001 est.)
Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%:
NA%
Budget:
revenues: $319.6 million
expenditures:
$427.8 million (2002 est.)
Inflation rate (consumer prices):
2.5% (2005 est.)
Agriculture - products:
fruits, copra, vegetables; eggs, pork, poultry, beef
Industries:
US military, tourism, construction, transshipment services, concrete products, printing and publishing, food processing, textiles
Industrial production growth rate:
NA%
Electricity - production:
1.767 billion kWh (2007 est.)
Electricity - consumption:
1.644 billion kWh (2007 est.)
Electricity - exports:
0 kWh (2008 est.)
Electricity - imports:
0 kWh (2008 est.)
Oil - production:
0 bbl/day (2008 est.)
Oil - consumption:
9,227 bbl/day (2008 est.)
Oil - exports:
0 bbl/day (2007 est.)
Oil - imports:
14,230 bbl/day (2007 est.)
Oil - proved reserves:
0 bbl (1 January 2009 est.)
Natural gas - production:
0 cu m (2008 est.)
Natural gas - consumption:
0 cu m (2008 est.)
Natural gas - exports:
0 cu m (2008 est.)
Natural gas - imports:
0 cu m (2008 est.)
Natural gas - proved reserves:
0 cu m (1 January 2009 est.)
Exports:
$45 million (2004 est.)
Exports - commodities:
transshipments of refined petroleum products, construction materials, fish, food and beverage products
Imports:
$701 million (2004 est.)
Imports - commodities:
petroleum and petroleum products, food, manufactured goods
Debt - external:
$NA
Exchange rates:
the US dollar is used
