ity Workers
other: activists; indigenous groups
International organization participation:
IOC, SPC, UPU
Diplomatic representation in the US:
none (territory of the US)
Diplomatic representation from the US:
none (territory of the US)
Flag description:
territorial flag is dark blue with a narrow red border on all four
sides; centered is a red-bordered, pointed, vertical ellipse
containing a beach scene, outrigger canoe with sail, and a palm tree
with the word GUAM superimposed in bold red letters; US flag is the
national flag
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%
Budget:
revenues: $319.6 million
expenditures: $427.8 million (2002 est.)
Fiscal year:
1 October - 30 September
Inflation rate (consumer prices):
2.5% (2005 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:
1.789 billion kWh (2006 est.)
Electricity - consumption:
1.664 billion kWh (2006 est.)
Electricity - exports:
0 kWh (2007 est.)
Electricity - imports:
0 kWh (2007 est.)
Electricity - production by source:
fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (2001)
Oil - production:
0 bbl/day (2007 est.)
Oil - consumption:
12,780
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