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 | 77,700 (2024 est.) |
|---|---|
| Industrial production growth rate | |
| Industries | national defense, tourism, construction, transshipment services, concrete products, printing and publishing, food processing, textiles |
| Population below poverty line | |
| Taxes and other revenues | |
| Fiscal year | |
| Exchange rates | |
| 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 2022 | $4.421 billion (2022 est.) |
| Imports 2021 | $3.662 billion (2021 est.) |
| Imports 2020 | $3.388 billion (2020 est.) |
| Imports (partners) | Singapore 52%, Japan 15%, Malaysia 6%, Taiwan 4%, Greece 4% (2023) |
| Comodities Imports force | refined petroleum, cars, trunks and cases, gas turbines, flavored water (2023) |
| Exports | |
| Imports 2022 | $4.421 billion (2022 est.) |
| Imports 2021 | $3.662 billion (2021 est.) |
| Imports 2020 | $3.388 billion (2020 est.) |
| Exports (partners) | Taiwan 42%, Hong Kong 12%, Philippines 11%, Italy 8%, Australia 6% (2023) |
| Comodities Exports force | scrap iron, scrap copper, trunks and cases (2023) |
| 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.) |
| Unemployment rate | |
| Unemployment rate 2024 | 5.6% (2024 est.) |
| Unemployment rate 2023 | 5.4% (2023 est.) |
| Unemployment rate 2022 | 5.5% (2022 est.) |
| Youth unemployment rate (ages 15-24) | |
| Total | 13.7% (2024 est.) |
| Male | 13.3% (2024 est.) |
| Female | 14.1% (2024 est.) |
All Important Facts about Guam
Want to know more about Guam? Check all different factbooks for Guam below.
