Guam:
Economy

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Other pages in this profile of Guam:
Geography, People, Government, Communications & Transportation, Military & Transnational Issues.


Economy - overview	Definition 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)	Definition - World rank and map $2.5 billion (2005 est.)
GDP (official exchange rate)	Definition $2.773 billion (2001)
GDP - real growth rate	Definition - World rank and map NA%
GDP - per capita	Definition - World rank and map $15,000 (2005 est.)
GDP - composition by sector	Definition agriculture: NA% industry: NA% services: NA%
Labor force	Definition 62,050 (2002 est.)
Labor force - by occupation	Definition agriculture: 26% industry: 10% services: 64% (2004 est.)
Unemployment rate	Definition - World rank and map 11.4% (2002 est.)
Population below poverty line	Definition 23% (2001 est.)
Household income or consumption by percentage share	Definition lowest 10%: NA% highest 10%: NA%
Inflation rate (consumer prices)	Definition - World rank and map 2.5% (2005 est.)
Budget	Definition revenues: $319.6 million expenditures: $427.8 million (2002 est.)
Agriculture - products	Definition fruits, copra, vegetables; eggs, pork, poultry, beef
Industries	Definition US military, tourism, construction, transshipment services, concrete products, printing and publishing, food processing, textiles
Industrial production growth rate	Definition - World rank and map NA%
Electricity - production	Definition - World rank and map 1.793 billion kWh (2005)
Electricity - consumption	Definition - World rank and map 1.667 billion kWh (2005)
Electricity - consumption per capita	Definition - World rank and map 9,478.3 kWh (2005)
Electricity - exports	Definition 0 kWh (2005)
Electricity - imports	Definition 0 kWh (2005)
Oil - production	Definition - World rank and map 0 bbl/day (2005 est.)
Oil - consumption	Definition - World rank and map 13,530 bbl/day (2005 est.)
Oil - consumption per 1,000 people	Definition - World rank and map 76.9 bbl/day (2005 est.)
Oil - exports	Definition - World rank and map 0 bbl/day (2004)
Oil - imports	Definition - World rank and map 12,130 bbl/day (2004)
Oil - proved reserves	Definition - World rank and map 0 bbl (1 January 2006 est.)
Natural gas - production	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - consumption	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - consumption per capita	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - exports	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - imports	Definition - World rank and map 0 cu m (2005)
Natural gas - proved reserves	Definition - World rank and map 0 cu m (1 January 2006 est.)
Exports	Definition - World rank and map $45 million f.o.b. (2004 est.)
Exports - commodities	Definition transshipments of refined petroleum products, construction materials, fish, food and beverage products
Exports - partners	Definition Japan 67.2%, Singapore 11.6%, UK 4.8% (2006)
Imports	Definition - World rank and map $701 million f.o.b. (2004 est.)
Imports - commodities	Definition petroleum and petroleum products, food, manufactured goods
Imports - partners	Definition Singapore 50%, South Korea 21.4%, Japan 14%, Hong Kong 4.6% (2006)
Debt - external	Definition - World rank and map $NA
Economic aid - recipient	Definition Guam receives large transfer payments from the US Federal Treasury into which Guamanians pay no income or excise taxes; under the provisions of a special law of Congress, the Guam Treasury, rather than the US Treasury, receives federal income taxes paid by military and civilian Federal employees stationed in Guam (2001 est.)
Currency (code)	Definition US dollar (USD)
Exchange rates	Definition the US dollar is used
Fiscal year	Definition 1 October - 30 September

Guam: Economy

Guam:
Economy