November 13, 2018

The estimates of GDP for Guam show that real GDP—GDP adjusted to remove price changes—increased 0.2 percent in 2017 after increasing 0.3 percent in 2016. For comparison, real GDP for the United States increased 2.2 percent in 2017 after increasing 1.6 percent in 2016.

Guam GDP Increases in 2017

The growth in the Guam economy reflected an increase in consumer spending, which rose for the 7th year in a row. The increase in consumer spending largely reflected growth in retail trade activity.

Overall, investment spending contributed negatively to the economy. Although territorial government spending on construction and equipment increased, this growth was offset by a decline in construction activity on Defense and private sector projects.

Exports of services, which consists primarily of spending by tourists, decreased after increasing for 3 years. Although total arrivals increased slightly, tourism spending decreased, reflecting declines in average spending by visitors.

For more information, read the full report.