| People | 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 (official exchange rate):
|
$2.773 billion (2001) |
GDP - real growth rate:
|
NA% |
GDP - per capita (PPP):
|
$15,000 (2005 est.) |
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.) |
Labor force:
|
62,050 (2002 est.) |
Labor force participation rate:
|
35.28 % 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:
|
1,818 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:
|
1.793 billion kWh (2005) |
Electricity - production per capita:
|
10,195 kWh per capita |
Electricity - consumption:
|
1.667 billion kWh (2005) |
Electricity - consumption - per capita:
|
9,479 kWh per capita |
Electricity - exports:
|
0 kWh (2005) |
Electricity - imports:
|
0 kWh (2005) |
Oil - production:
|
0 bbl/day (2005 est.) |
Oil - production per capita:
|
void |
Oil - consumption:
|
13,530 bbl/day (2005 est.) |
Oil - consumption - per capita:
|
28.08 bbl/year per capita |
Oil - exports:
|
0 bbl/day (2004) |
Oil - imports:
|
12,130 bbl/day (2004) |
Oil - proved reserves:
|
0 bbl (1 January 2006 est.) |
Natural gas - production:
|
0 cu m (2005 est.) |
Natural gas - production per capita:
|
void |
Natural gas - consumption:
|
0 cu m (2005 est.) |
Natural gas - consumption - per capita:
|
void |
Natural gas - exports:
|
0 cu m (2005 est.) |
Natural gas - imports:
|
0 cu m (2005) |
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:
|
256 USD per capita |
Exports - commodities:
|
transshipments of refined petroleum products, construction materials, fish, food and beverage products |
Exports - partners:
|
Japan 67.2%, Singapore 11.6%, UK 4.8% (2006) |
Imports:
|
$701 million f.o.b. (2004 est.) |
Imports per capita:
|
3,986 USD per capita |
Imports - commodities:
|
petroleum and petroleum products, food, manufactured goods |
Imports - partners:
|
Singapore 50%, South Korea 21.4%, Japan 14%, Hong Kong 4.6% (2006) |
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 - abroad:
|
void |
Market value of publicly traded shares:
|
void |
Economic aid - donor:
|
void |
Economic aid - recipient:
|
Guam receives large transfer payments from the US Federal Treasury ($143 million in 1997) 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:
|
814 USD per capita |
Currency (code):
|
US dollar (USD) |
Exchange rates:
|
the US dollar is used |
Fiscal year:
|
1 October - 30 September |
|
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