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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 installations on the island are some of the most strategically important US bases in the Pacific.

Location

Oceania, island in the North Pacific Ocean, about three-quarters of the way from Hawaii to the Philippines

Natural Resources

aquatic wildlife (supporting tourism), fishing (largely undeveloped)

Population - distribution

159358
English 43.6%, Filipino 21.2%, Chamorro 17.8%, other Pacific island languages 10%, Asian languages 6.3%, other 1.1% (2010 est.)
HAGATNA (capital) 143,000 (2014)
Conventional long form
Territory of Guam
Conventional short form
Guam
Local long form
Guahan
Local short form
Guahan
presidential democracy; a self-governing unincorporated territory of the US
Name
Hagatna
Geographic coordinates
13 28 N, 144 44 E
Time difference
UTC+10 (15 hours ahead of Washington, DC, during Standard Time)
US national defense spending is the main driver of Guam’s economy, followed by tourism and other services. Guam serves as a forward US base for the Western Pacific and is home to thousands of American military personnel. Total federal spending (defense and non-defense) amounted to $1.973 billion in 2014, or 40.4% of GDP. Of that total, federal grants amounted to $373.3 million in 2013, or 32.6% of Guam’s total revenues for the fiscal year. Service exports, mainly spending by foreign tourists to Guam, amounted to $651 million in 2013, or 13.3% of GDP. In 2013, Guam’s economy grew 0.6%. Despite slow growth, Guam’s economy has been stable over the last decade. National defense spending cushions the island’s economy against fluctuations in tourism.
Inflation
None%
Total tax rate (% of commercial profits)
None%
Real Interest Rate
None%
Manufacturing, value added (% of GDP)
None%
Current Account Balance
US$
Labor Force, Total
Employment in Agriculture
%
Employment in Industry
%
Employment in Services
%
Unemployment Rate
%
Imports of goods and services
US$
Exports of goods and services
US$
Total Merchandise Trade
%
FDI, net inflows
US$
Commercial Service Exports
US$
fruits, copra, vegetables; eggs, pork, poultry, beef
national defense, tourism, construction, transshipment services, concrete products, printing and publishing, food processing, textiles
Commodities
transshipments of refined petroleum products, construction materials, fish, foodstuffs and beverages
Partners
Commodities
petroleum and petroleum products, food, manufactured goods
Partners
Country Risk Rating
Business Climate Rating

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