Guam - Economy
How is the economy of Guam? Based on the information we have, Guam has a small Pacific island US territorial economy; upper income, tourism-based economy; hard-hit by COVID-19 disruptions; relaunched many industries via vaccination tourism; domestic economy relies on multiple military bases; environmentally fragile economy. Key agricultural products in this country include: fruits, copra, vegetables; eggs, pork, poultry, beef.
More about the economy of Guam
Labor force 80,000 (2023 est.)
Industrial production growth rate 4.3% (2014 est.)
Industries national defense, tourism, construction, transshipment services, concrete products, printing and publishing, food processing, textiles
Population below poverty line
Taxes and other revenues 21.4% (of GDP) (2016 est.)
Fiscal year
Exchange rates
Public debt
Public debt 2016 22.1% of GDP (2016 est.)
Budget
Revenues $1.24 billion (2016 est.)
Expenditures $1.299 billion (2016 est.)
Budget surplus (+) or deficit (-)
Average household expenditures
On food 34.6% of household expenditures (2021 est.)
On alcohol and tobacco 1.3% of household expenditures (2021 est.)
Imports
Imports 2021 $3.667 billion (2021 est.)
Imports 2020 $3.383 billion (2020 est.)
Imports 2019 $3.552 billion (2019 est.)
Imports (partners) South Korea 37%, Singapore 35%, Japan 12%, Taiwan 3%, Hong Kong 3% (2022)
Comodities Imports force refined petroleum, cars, raw iron bars, electric generating sets, trunks and cases (2022)
Exports
Imports 2021 $3.667 billion (2021 est.)
Imports 2020 $3.383 billion (2020 est.)
Imports 2019 $3.552 billion (2019 est.)
Exports (partners) Singapore 30%, Taiwan 20%, South Korea 14%, Philippines 12%, Hong Kong 8% (2022)
Comodities Exports force refined petroleum, scrap iron, scrap copper, trunks and cases, aircraft parts (2022)
Real GDP (purchasing power parity)
Real GDP (purchasing power parity) 2016 $5.793 billion (2016 est.)
Real GDP (purchasing power parity) 2015 $5.697 billion (2015 est.)
Real GDP (purchasing power parity) 2014 $5.531 billion (2014 est.)
GDP (official exchange rate) $6.91 billion (2022 est.)
Real GDP Per capita
Real GDP per capita 2016 $35,600 (2016 est.)
Real GDP per capita 2015 $35,200 (2015 est.)
Real GDP per capita 2014 $34,400 (2014 est.)
GDP - composition, by end use
Household consumption 59.9% (2022 est.)
Government consumption 55% (2016 est.)
Investment in fixed capital 20.6% (2016 est.)
Exports of goods and services 7.9% (2022 est.)
Imports of goods and services -64% (2022 est.)
Unemployment rate
Unemployment rate 2023 5.42% (2023 est.)
Unemployment rate 2022 5.53% (2022 est.)
Unemployment rate 2021 6% (2021 est.)
Youth unemployment rate (ages 15-24)
Total 12.9% (2023 est.)
Male 12.6% (2023 est.)
Female 13.2% (2023 est.)
All Important Facts about Guam

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Guam is found in Micronesia