S flag is the
national flag

Economy Guam

Economy - overview:
The economy depends on US military spending, tourism, and the
export of fish and handicrafts. Total US grants, wage payments, and
procurement outlays amounted to $1 billion in 1998. Over the past 20
years, the tourist industry has grown rapidly, creating a
construction boom for new hotels and the expansion of older ones.
More than 1 million tourists visit Guam each year. The industry had
recently suffered setbacks because of the continuing Japanese
slowdown; the Japanese normally make up almost 90% of the tourists.
Most food and industrial goods are imported. Guam faces the problem
of building up the civilian economic sector to offset the impact of
military downsizing.

GDP (purchasing power parity):
$3.2 billion (2000 est.)

GDP - real growth rate:
NA

GDP - per capita:
purchasing power parity - $21,000 (2000 est.)

GDP - composition by sector:
agriculture: 7%
industry: 15%
services: 78% (2002 est.)

Labor force:
60,000 (2000 est.)

Labor force - by occupation:
private 74% (industry 10%, trade 24%, other services 40%), federal
and territorial government 26% (2000 est.)

Unemployment rate:
15% (2000 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):
0% (1999 est.)

Budget:
revenues: $340 million
expenditures: $445 million, including capital expenditures of NA
(2000 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:
835 million kWh (2002)

Electricity - production by source:
fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (2001)

Electricity - consumption:
776.6 million kWh (2002)

Electricity - exports:
0 kWh (2002)

Electricity - imports:
0 kWh (2002)

Oil - production:
0 bbl/day (2001 est.)

Oil - consumption:
20,000 bbl/day (2001 est.)

Oil - exports:
NA

Oil - imports:
NA

Exports:
$38 million f.o.b. (2002 est.)

Exports - commodities:
mostly transshipments of refined petroleum products; construction
materials, fish, food and beverage