Economy of Guam

An overview of key economic indicators. Select a category for detailed trends, charts, and insights.

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Employment in Services
86.6%(2023)

Economic Snapshot Overview

A summary of key economic indicators for Guam

  • The economic architecture of Guam is substantial, anchored by a Gross Domestic Product (GDP) of approximately $6.91B
    2022
    The economy is experiencing a period of vigorous expansion, with a high growth rate of 5.1%
    2022
  • On the global stage, Guam's trade and financial dynamics reveal a complex interplay of international and domestic factors. The nation's economic activity is heavily reliant on foreign goods, running a considerable trade deficit with imports at 64.0% of GDP and exports at 7.9%
    2022
    .
  • The labor market remains stable, with an unemployment rate of 5.6%.
    2024
    A key feature of the workforce is its concentration in the services sector, which accounts for 86.6% of total employment
    2023
    .
  • In the environmental and energy sectors, the nation's policies and outcomes reflect its developmental priorities. The energy portfolio remains heavily dependent on conventional sources, with renewables contributing a modest 6.7%
    2022
    Total greenhouse gas emissions were last recorded at 15.4 tonnes of CO2 equivalent
    2023
    , a key factor in its national climate strategy and international obligations.

Key Economic Insights

Macroeconomic Health

Balancing growth, inflation, and employment remains the core challenge for economic stewardship.

Trade & Investment Profile

The orientation towards global trade and foreign investment is a defining feature of the economic landscape.

Social Equity & Distribution

Ensuring equitable distribution of economic gains is fundamental for long-term social and political stability.

Energy & Sustainability

A heavy dependence on fossil fuels poses significant long-term risks, including exposure to price volatility, energy insecurity, and climate change impacts.

More About This Country

Note: The information on this page has been compiled from authoritative sources. While every effort is made to ensure accuracy, please note that some figures may not be current or entirely precise.