Economy - overview:
US national defense spending is the main driver of Guam’s economy, followed by tourism and other services. Guam serves as a forward US base for the Western Pacific and is home to thousands of American military personnel. Total federal spending (defense and non-defense) amounted to $1.973 billion in 2014, or 40.4% of GDP. Of that total, federal grants amounted to $373.3 million in 2013, or 32.6% of Guam’s total revenues for the fiscal year. Service exports, mainly spending by foreign tourists to Guam, amounted to $651 million in 2013, or 13.3% of GDP. In 2013, Guam’s economy grew 0.6%. Despite slow growth, Guam’s economy has been stable over the last decade. National defense spending cushions the island’s economy against fluctuations in tourism.

GDP (purchasing power parity):
$4.882 billion (2013 est.) $4.756 billion (2012 est.) $4.562 billion (2011 est.)
country comparison to the world: 178

GDP (official exchange rate):
$4.6 billion (2010 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
0.6% (2013 est.) 1.8% (2012) -0.3% (2011)
country comparison to the world: 196
[see also: GDP - real growth rate country ranks ]

GDP - per capita (PPP):
$30,500 (2013 est.) $29,800 (2012 est.) $28,600 (2011 est.)
country comparison to the world: 64

GDP - composition, by end use:
household consumption: 63.7%
[see also: GDP - composition, by end use - household consumption country ranks ]
government consumption: 64.9%
[see also: GDP - composition, by end use - government consumption country ranks ]
investment in fixed capital: 5.8%
[see also: GDP - composition, by end use - investment in fixed capital country ranks ]
investment in inventories: NA
[see also: GDP - composition, by end use - investment in inventories country ranks ]
exports of goods and services: 17%
[see also: GDP - composition, by end use - exports of goods and services country ranks ]
imports of goods and services: -51.2% (2013)
[see also: GDP - composition, by end use - imports of goods and services country ranks ]

GDP - composition, by sector of origin:
agriculture: NA%
[see also: GDP - composition, by sector of origin - agriculture country ranks ]
industry: NA%
[see also: GDP - composition, by sector of origin - industry country ranks ]
services: NA%
[see also: GDP - composition, by sector of origin - services country ranks ]

Agriculture - products:
fruits, copra, vegetables; eggs, pork, poultry, beef

Industries:
national defense, tourism, construction, transshipment services, concrete products, printing and publishing, food processing, textiles

Industrial production growth rate:
NA%
[see also: Industrial production growth rate country ranks ]

Labor force:
70,490
note: includes only the civilian labor force (2013 est.)
country comparison to the world: 187
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 0.3%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 21.6%
[see also: Labor force - by occupation - industry country ranks ]
services: 78.1% (2013 est.)
[see also: Labor force - by occupation - services country ranks ]

Unemployment rate:
8.4% (2013 est.) 8.2% (2010 est.)
country comparison to the world: 115
[see also: Unemployment rate country ranks ]

Population below poverty line:
23% (2001 est.)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: NA%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: NA%

Budget:
revenues: $1.147 billion
[see also: Budget - revenues country ranks ]
expenditures: $1.188 billion (2013 est.)
[see also: Budget - expenditures country ranks ]

Taxes and other revenues:
24.9% of GDP (2013 est.)
country comparison to the world: 115
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-0.9% of GDP (2013 est.)
country comparison to the world: 55
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
32.1% of GDP (2013) 35.8% of GDP (2012)
country comparison to the world: 157
[see also: Public debt country ranks ]

Fiscal year:
1 October - 30 September

Inflation rate (consumer prices):
1.8% (2014 est.) 4% (2011 est.)
country comparison to the world: 77
[see also: Inflation rate (consumer prices) country ranks ]

Exports:
$828 million (2013 est.) $795 million (2012)
country comparison to the world: 165
[see also: Exports country ranks ]

Exports - commodities:
transshipments of refined petroleum products, construction materials, fish, foodstuffs and beverages

Exports - partners:
Palau 20.3%, Japan 5.1% (2016)

Imports:
$2.501 billion (2013 est.) $2.438 billion (2012 est.)
country comparison to the world: 151
[see also: Imports country ranks ]

Imports - commodities:
petroleum and petroleum products, food, manufactured goods

Imports - partners:
Singapore 32.1%, Japan 30.6%, South Korea 8.4%, Hong Kong 8.1% (2016)

Debt - external:
$NA
[see also: Debt - external country ranks ]

Exchange rates:
the US dollar is used