Summary Economic Indicators

EmploymentMar
2016
Mar
2017
Mar
2018
Mar
2019
Mar
2020
Percent
Change
from 2019
Percent
Change
from 2016
Private47,78049,30049,20050,50051,6002.18%7.99%
  Construction6,0505,4505,8006,2007,85026.61%29.75%
Federal Government3,9403,9503,8603,8603,8900.78%-1.27%
Government of Guam11,79011,75011,82011,55012,2205.80%3.65%
Total Employment63,51065,00064,88065,91067,7102.73%6.61%

Weekly
Earnings
Mar
2016
Mar
2017
Mar
2018
Mar
2019
Mar
2020
Percent Change
from 2019
Percent Change
from 2016
Private (Nonsupervisory)$483.83$486.99$496.28$525.12$519.29-1.11%7.44%
GovGuam (All Branches)$898.80$1,012.68$1,002.62$1,024.71$1,002.80-2.14%11.57%

Unemployment
Rate
Mar
2015
Mar
2016
Mar
2017
Mar
2018
Mar
2019
Change
from 2018
Change
from 2015
6.9%4.0%4.3%4.4%4.3%-0.1-2.6

Gross
Domestic
Product
20152016201720182019Percent Change
from 2018
Percent Change
from 2015
GDP
(millions of dollars)
5,7995,9016,0136,0516,3114.3%8.8%
Real GDP
(millions of chained 2012 dollars)
5,4955,5055,5545,5045,6132.0%2.1%
Population161,500162,000162,500162,900163,2000.2%1.1%
Real GDP per capita
(chained 2012 dollars)
34,02533,98134,17833,78834,3931.8%1.1%

Construction
(Thousands of Dollars)
FY
2016
FY
2017
FY
2018
FY
2019
FY
2020
Percent
Change
from 2019
Percent
Change
from 2016
Building Permits434,277436,833365,589361,574379,6125.0%-12.6%
DOD Construction Contracts**40,963167,932294,999427,229110,471-74.1%169.7%
Total475,240604,765660,588788,803490,083-37.9%3.1%

TourismFY
2016
FY
2017
FY
2018
FY
2019
FY
2020
Percent Change
from 2019
Percent Change
from 2016
Total Visitors1,511,0651,559,4871,525,2191,631,049755,615-53.7%-50.0%
Occupancy Tax Collected$40,192,651$44,011,958$42,871,223$45,061,822$28,390,797-37.0%-29.4%

Federal
Expenditures/
Obligations
(Millions of Dollars)
Source:
USAspending.gov
FY
2016
FY
2017
FY
2018
FY
2019
FY
2020
Percent
Change
from 2019
Percent
Change
from 2016
Department
of
Defense
694.96804.81882.651,030.001,240.0020.39%78.43%
Non-
Defense/
Other
527.54701.98771.37871.591,599.8583.55%203.26%
Total
Amount
Awarded
1,222.501,506.791,654.021,901.592,839.8549.34%132.30%

**DOD construction contract awards for projects $5 million and above.

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