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 had
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
GDP - per capita:
purchasing power parity - $21,000 (2000 est.)
GDP - composition by sector: agriculture: 7% industry: 15% services: 78% (2002 est.)
Labor force: 60,000 (2000 est.)