Guam

Region: Pacific – Micronesia

Capital: Hagåtña

Population: 159,358 (2010 BSP)

Surface area: 549 sq km

Currency: US Dollar (USD)

Per capita real GDP (chained 2005 dollars): US $28,700 (2010 CIA est.)

Background:
Spain ceded Guam to the US in 1898. Captured by the Japanese in 1941, it was retaken by the US three years later. The military installation on the island is one of the most strategically important US bases in the Pacific. (CIA 2014)

Economy Overview:
The economy depends largely on US national defense spending, tourism, other services. Total US grants, wages and salaries, and procurement outlays amounted to approximately $1.6 billion in 2010. Over the past 30 years, tourism has grown to become the largest income source following national defense. (CIA 2014)

Major Industries: national defense, tourism, construction, transhipment services, concrete products, printing and publishing, food processing, textiles (CIA 2013)

Major Export Commodities: transshipments of refined petroleum products, construction materials, fish, food and beverage products ($44 million, CIA est. 2011)

Remittances: N/A

Life Expectancy at Birth: 78.82 (CIA 2014)

Sources:
Bureau of Statistics and Plans, Office of the Governor. Guam Statistical Yearbook 2011: http://www.bsp.guam.gov
Guam-OnLine.com, Guam History and Culture: http://www.guam-online.com/history/
CIA World Factbook. https://www.cia.gov

Image of flag and map; copyright of Wikimedia Commons

Updated January 2015