Political parties and leaders:
Democratic Party (controls the legislature) [speaker, Vicente (Ben)
PANGELINAN]; Republican Party (party of Governor CAMACHO) [leader NA]
Political pressure groups and leaders:
NA
International organization participation:
ESCAP (associate), Interpol (subbureau), IOC, SPC
Diplomatic representation in the US:
none (territory of the US)
Diplomatic representation from the US:
none (territory of the US)
Flag description:
territorial flag is dark blue with a narrow red border on all four
sides; centered is a red-bordered, pointed, vertical ellipse
containing a beach scene, outrigger canoe with sail, and a palm tree
with the word GUAM superimposed in bold red letters; US flag is the
national flag
Economy Guam
Economy - overview:
The economy depends on US military spending, tourism, and the
export of fish and handicrafts. Total US grants, wage payments, and
procurement outlays amounted to $1 billion in 1998. Over the past 20
years, the tourist industry has grown rapidly, creating a
construction boom for new hotels and the expansion of older ones.
More than 1 million tourists visit Guam each year. The industry has
recently suffered setbacks because of the continuing Japanese
slowdown; the Japanese normally make up almost 90% of the tourists.
Most food and industrial goods are imported. Guam faces the problem
of building up the civilian economic sector to offset the impact of
military downsizing.
GDP:
purchasing power parity - $3.2 billion (2000 est.)
GDP - real growth rate:
NA%