| Economy | Guam |
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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 - per capita (PPP):
|
$15,000 (2005 est.) |
GDP (official exchange rate):
|
$2.773 billion (2001) |
GDP - real growth rate:
|
NA% |
GDP - composition by sector:
|
agriculture: NA%
industry: NA%
services: NA% |
Investment (gross fixed):
|
void |
Population below poverty line:
|
23% (2001 est.) |
Household income or consumption by percentage share:
|
lowest 10%: NA%
highest 10%: NA% |
Distribution of family income - Gini index:
|
void |
Inflation rate (consumer prices):
|
2.5% (2005 est.) |
Central bank discount rate:
|
void |
Commercial bank prime lending rate:
|
void |
Stock of money:
|
void |
Stock of money - per capita:
|
void |
Stock of quasi money:
|
void |
Stock of quasi money - per capita:
|
void |
Stock of domestic credit:
|
void |
Stock of domestic credit - per capita:
|
void |
Labor force:
|
62,050 (2002 est.) |
Labor force participation rate:
|
34.78 % of population |
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.) |
Budget revenues per capita:
|
1,792 USD per capita |
Public debt:
|
void |
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 per capita:
|
10,027 kWh per capita |
Electricity - consumption:
|
1.664 billion kWh (2006 est.) |
Electricity - consumption - per capita:
|
9,326 kWh per capita |
Electricity - exports:
|
0 kWh (2007 est.) |
Electricity - imports:
|
0 kWh (2007 est.) |
Oil - production:
|
0 bbl/day (2007 est.) |
Oil - production per capita:
|
void |
Oil - consumption:
|
12,780 bbl/day (2007 est.) |
Oil - consumption - per capita:
|
26.14 bbl/year per capita |
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 - production per capita:
|
void |
Natural gas - consumption:
|
0 cu m (2007 est.) |
Natural gas - consumption - per capita:
|
void |
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 |
Current account balance:
|
void |
Current account balance - per capita:
|
void |
Exports:
|
$45 million f.o.b. (2004 est.) |
Exports per capita:
|
253 USD per capita |
Exports - commodities:
|
transshipments of refined petroleum products, construction materials, fish, food and beverage products |
Exports - partners:
|
void |
Imports:
|
$701 million f.o.b. (2004 est.) |
Imports per capita:
|
3,929 USD per capita |
Imports - commodities:
|
petroleum and petroleum products, food, manufactured goods |
Imports - partners:
|
void |
Reserves of foreign exchange and gold:
|
void |
Reserves of foreign exchange and gold - per capita:
|
void |
Debt - external:
|
$NA |
Debt - external - per capita:
|
void |
Stock of direct foreign investment - at home:
|
void |
Stock of direct foreign investment - at home - per capita:
|
void |
Stock of direct foreign investment - abroad:
|
void |
Stock of direct foreign investment - abroad - per capita:
|
void |
Market value of publicly traded shares:
|
void |
Market value of publicly traded shares - per capita:
|
void |
Economic aid - donor:
|
void |
Economic aid - recipient:
|
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.) |
Economic aid - recipient per capita:
|
void |
Currency (code):
|
US dollar (USD) |
Exchange rates:
|
the US dollar is used |
Fiscal year:
|
1 October - 30 September |
|
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