Summary Economic Indicators

EmploymentMar
2020
Mar
2021
Mar
2022
Mar
2023
Mar
2024
Percent
Change
from 2023
Percent
Change
from 2020
Private51,60045,01046,35050,02051,8003.6%0.4%
  Construction7,8508,5909,70011,25013,00015.6%65.6%
Federal Government3,8903,9203,9204,0803,930-3.7%1.0%
Government of Guam12,24011,75012,01012,24012,130-0.9%-0.9%
Total Employment67,73060,68062,28066,34067,8602.3%0.2%

Weekly
Earnings
Mar
2020
Mar
2021
Mar
2022
Mar
2023
Mar
2024
Percent Change
from 2023
Percent Change
from 2020
Private (Nonsupervisory)$519.29$554.28$617.28$656.61$710.568.2%36.8%
GovGuam (All Branches)$1,002.80$1,119.47$1,130.63$1,130.04$1,233.089.1%23.0%

Unemployment
Rate
Dec
2019
Mar
2021
Mar
2022
Mar
2023
Mar
2024
Change
from
2023
Change
from
Dec 2019
6.1%16.5%5.1%4.3%4.0%-0.3-2.1

Gross
Domestic
Product
20182019202020212022Percent
Change
from 2021
Percent
Change
from 2018
GDP
(millions of
dollars)
6,0516,3555,9166,2346,91010.8%14.2%
Real GDP
(millions of
chained 2012
dollars)
5,5085,6475,0535,1575,4205.1%-1.6%
Personal
consumption
expenditures
(Real GDP)*
3,4183,4213,3053,4083,4501.2%0.9%
Government
consumption
expenditures
and gross investment
(Real GDP)*
3,0033,1153,4063,5473,5951.4%19.7%

Construction
(Thousands of Dollars)
FY
2020
FY
2021
FY
2022
FY
2023
FY
2024
Percent
Change
from 2023
Percent
Change
from 2020
Building Permits379,612307,928580,040253,860378,09248.9%-0.4%
DOD Construction
Contracts**
153,347473,159799,917754,577626,521-17.0%308.6%
Total532,959781,0871,379,9571,008,4371,004,613-0.4%88.5%

TourismFY
2020
FY
2021
FY
2022
FY
2023
FY
2024
Percent Change
from 2023
Percent Change
from 2020
Total Visitors757,38561,607216,915602,263752,47924.9%-0.6%
Occupancy Tax Collected$28,390,797$13,002,438$16,778,559$26,142,339$33,346,72027.6%17.5%

Federal
Expenditures/
Obligations
(Millions of Dollars)
Source:
USAspending.gov
FY
2020
FY
2021
FY
2022
FY
2023
FY
2024
Percent
Change
from 2023
Percent
Change
from 2020
Department
of
Defense
1,260.062,099.571,776.492,355.722,112.22-10.3%67.6%
Non-
Defense/
Other
1,908.833,115.131,210.321,321.611,452.819.9%-23.9%
Total
Amount
Awarded
3,168.895,214.692,986.823,677.333,565.03-3.1%12.5%

*Millions of chained (2012) dollars.

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

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