29 March 2024 GUAM - BACKGROUND
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Government Type NA
Legal System modeled on US; US federal laws apply
Currency US dollar (USD)
Economic 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.
Natural Resources fishing (largely undeveloped), tourism (especially from Japan)
Primary Industries US military, tourism, construction, transshipment services, concrete products, printing and publishing, food processing, textiles
Agricultural Products fruits, copra, vegetables; eggs, pork, poultry, beef
Import Commodities petroleum and petroleum products, food, manufactured goods
Export Commodities mostly transshipments of refined petroleum products; construction materials, fish, food and beverage products
Export Partners US 25%, Hong Kong, Japan, Federated States of Micronesia


AIRPORTS of Guam
Guam-Antonio BWon Pat Int?l Airport Agana 6km (3miles), Position 13 Detals


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