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.)
[see also: GDP country ranks ]
GDP (official exchange rate):
$2.773 billion (2001)
[see also: GDP (official exchange rate) country ranks ]
GDP - real growth rate:
NA%
[see also: GDP - real growth rate country ranks ]
GDP - per capita (PPP):
$15,000 (2005 est.)
[see also: GDP - per capita country ranks ]
GDP - composition by sector:
agriculture: NA%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: NA%
[see also: GDP - composition by sector - industry country ranks ]
services: NA%
[see also: GDP - composition by sector - services country ranks ]
Labor force:
82,950 (2007 est.)
[see also: Labor force country ranks ]
Labor force - by occupation:
agriculture: 26%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 10%
[see also: Labor force - by occupation - industry country ranks ]
services: 64% (2004 est.)
[see also: Labor force - by occupation - services country ranks ]
Unemployment rate:
11.4% (2002 est.)
[see also: Unemployment rate country ranks ]
Population below poverty line:
23% (2001 est.)
[see also: Population below poverty line country ranks ]
Household income or consumption by percentage share:
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 ]
Budget:
revenues: $319.6 million
[see also: Budget revenues country ranks ]
expenditures: $427.8 million (2002 est.)
[see also: Budget expenditures country ranks ]
Taxes and other revenues:
11.5% of GDP (2002 est.)
[see also: Taxes and other revenues country ranks ]
Budget surplus (+) or deficit (-):
-3.9% of GDP (2002 est.)
[see also: Budget surplus (+) or deficit (-) country ranks ]
Inflation rate (consumer prices):
2.5% (2005 est.)
[see also: Inflation rate (consumer prices) country ranks ]
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%
[see also: Industrial production growth rate country ranks ]
Electricity - production:
1.764 billion kWh (2008 est.)
[see also: Electricity - production country ranks ]
Electricity - consumption:
1.641 billion kWh (2008 est.)
[see also: Electricity - consumption country ranks ]
Electricity - exports:
0 kWh (2009 est.)
[see also: Electricity - exports country ranks ]
Electricity - imports:
0 kWh (2009 est.)
[see also: Electricity - imports country ranks ]
Oil - production:
0 bbl/day (2010 est.)
[see also: Oil - production country ranks ]
Oil - consumption:
9,000 bbl/day (2010 est.)
[see also: Oil - consumption country ranks ]
Oil - exports:
0 bbl/day (2009 est.)
[see also: Oil - exports country ranks ]
Oil - imports:
12,710 bbl/day (2009 est.)
[see also: Oil - imports country ranks ]
Natural gas - production:
0 cu m (2009 est.)
[see also: Natural gas - production country ranks ]
Natural gas - consumption:
0 cu m (2009 est.)
[see also: Natural gas - consumption country ranks ]
Natural gas - exports:
0 cu m (2009 est.)
[see also: Natural gas - exports country ranks ]
Natural gas - imports:
0 cu m (2009 est.)
[see also: Natural gas - imports country ranks ]
Natural gas - proved reserves:
0 cu m (1 January 2011 est.)
[see also: Natural gas - proved reserves country ranks ]
Exports:
$45 million (2004 est.)
[see also: Exports country ranks ]
Exports - commodities:
transshipments of refined petroleum products, construction materials, fish, food and beverage products
Imports:
$701 million (2004 est.)
[see also: Imports country ranks ]
Imports - commodities:
petroleum and petroleum products, food, manufactured goods
Debt - external:
$NA
[see also: Debt - external country ranks ]
Exchange rates:
the US dollar is used