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![]() ![]() Guam Economy 1997https://photius.com/wfb1997/guam/guam_economy.htmlSOURCE: 1997 CIA WORLD FACTBOOK Economy - overview The economy depends mainly on US military spending and on revenue generatedby the tourism industry. Over the past 20 years, the tourist industry hasgrown rapidly, creating a construction boom for new hotels and the expansionof older ones. More than one million tourists visit Guam each year. Most foodand industrial goods are imported, with about 75% from the US. Guam facesthe problem of building up the civilian economic sector to offset the impactof military downsizing. GDP purchasing power parity - $3 billion (1996 est.) GDP - real growth rate NA% GDP - per capita purchasing power parity - $19,000 (1996 est.) GDP - composition by sector
Inflation rate - consumer price index 4% (1992 est.) Labor force
Unemployment rate 2% (1992 est.) Budget
Industries US military, tourism, construction, transshipment services, concreteproducts, printing and publishing, food processing, textiles Industrial production growth rate NA% Electricity - capacity 302,000 kW (1993) Electricity - production 750 million kWh (1994) Electricity - consumption per capita 4,566 kWh (1995 est.) Agriculture - products fruits, copra, vegetables; eggs, pork, poultry, beef Exports
Imports
Debt - external $NA Economic aid
Currency 1 United States dollar (US$) = 100 cents Exchange rates US currency is used Fiscal year
1 October - 30 September
NOTE: The information regarding Guam on this page is re-published from the 1997 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Guam Economy 1997 information contained here. All suggestions for corrections of any errors about Guam Economy 1997 should be addressed to the CIA. |
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