Economy — Guam
GDP, employment, industries, public finance, and currency.
Profile updated 2026-06-02
⚡ Economy at a glance
GDP, employment, industries, public finance, and currency. Key figure for Guam: US national defense spending is the main driver of Guam’s economy, followed closely 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 $1.988 billion in 2016, or 34…
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Economic overview
- Economic Overview
US national defense spending is the main driver of Guam’s economy, followed closely 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 $1.988 billion in 2016, or 34.2 of Guam’s GDP. Of that total, federal grants and cover-over payments amounted to $3444.1 million in 2016, or 35.8% of Guam’s total revenues for the fiscal year. In 2016, Guam’s economy grew 0.3%. 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. Service exports, mainly spending by foreign tourists in Guam, amounted to over $1 billion for the first time in 2016, or 17.8% of GDP.
- Industries
US military, tourism, construction, transshipment services, concrete products, printing and publishing, food processing, textiles
- GDP - per capita (PPP)
$30,500.00 (USD)
- GDP - real growth rate
0.6%
GDP & growth
- GDP - Gross Domestic Product (PPP)
$5,793,000,000 (USD)
- GDP Per Capita
$30,500.00 (USD)
- GDP - real growth rate
0.6%
- GDP - official exchange rate
$4,600,000,000 (USD)
- GDP - composition, by end use
- Household consumption: 63.7%
- Government consumption: 64.9%
- Investment in fixed assets: 5.8%
- Exports of goods and services: 17%
- Imports of goods and services: 17%
Prices & money
- Inflation Rate
2.5%
- Exchange Rate per US Dollar
US dollar (USD)
- Currency Name and Code
US Dollar (USD)
- Fiscal Year
1 October - 30 September
Employment & labor
- Unemployment Rate
11.4%
- Major Industries
US military, tourism, construction, transshipment services, concrete products, printing and publishing, food processing, textiles
- Agriculture Products
Fruits, copra, vegetables; eggs, pork, poultry, beef
- Population Below Poverty Line
23%
Public finance
- Annual Budget
$319,600,000 (USD)
- Budget Surplus or Deficit - percent of GDP
-3%
- Taxes and other revenues - percent of GDP
20.5%