Guam
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Introduction - Guam: | Location - Guam: | People - Guam: | Government - Guam: | Economy - Guam: | 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% | | Labor force | 62,050 (2002 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% | | Inflation rate consumer prices | 2.5% (2005 est.) | | Budget | revenues: $319.6 million
expenditures: $427.8 million (2002 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 | 1.764 billion kWh (2004) | | Electricity consumption | 1.641 billion kWh (2004) | | Electricity exports | 0 kWh (2004) | | Electricity imports | 0 kWh (2004) | | Oil production | 0 bbl/day (2004 est.) | | Oil consumption | 16,000 bbl/day (2004 est.) | | Oil exports | NA bbl/day | | Oil imports | NA bbl/day | | Oil proved reserves | 0 bbl | | Natural gas production | 0 cu m (2004 est.) | | Natural gas consumption | 0 cu m (2004 est.) | | Exports | $45 million f.o.b. (2004 est.) | | Exports commodities | mostly 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 commodities | petroleum and petroleum products, food, manufactured goods | | Imports partners | Singapore 50%, South Korea 21.4%, Japan 14%, Hong Kong 4.6% (2006) | | Debt external | $NA | | 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.) | | Currency code | US dollar (USD) | | Exchange rates | the US dollar is used | |
Communications - Guam: | Transportation - Guam: | Military - Guam: |
This page was last updated on 16 September, 2007 Source: CIA >>> |