Summary Economic Indicators

EmploymentMar
2019
Mar
2020
Mar
2021
Mar
2022
Mar
2023
Percent
Change
from 2022
Percent
Change
from 2019
Private50,50051,60045,01046,35050,0207.9%-1.0%
  Construction6,2007,8508,5909,70011,25016.0%81.5%
Federal Government3,8603,8903,9203,9204,0804.1%5.7%
Government of Guam11,55012,24011,75012,01012,2401.9%6.0%
Total Employment65,91067,73060,68062,28066,3406.5%0.7%

Weekly
Earnings
Mar
2019
Mar
2020
Mar
2021
Mar
2022
Mar
2023
Percent Change
from 2022
Percent Change
from 2019
Private (Nonsupervisory)$525.12$519.29$554.28$617.28$656.616.4%25.0%
GovGuam (All Branches)$1,024.71$1,002.80$1,119.47$1,001.99$1,130.0412.8%10.3%

Unemployment
Rate
Mar
2019
Dec
2019
Mar
2021
Mar
2022
Mar
2023
Change
from
2022
Change
from 2019
4.3%6.1%16.5%5.1%4.3%-0.80.0

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
2019
FY
2020
FY
2021
FY
2022
FY
2023
Percent
Change
from 2022
Percent
Change
from 2019
Building Permits361,574379,612307,928580,040253,862-56.2%-29.8%
DOD Construction
Contracts**
427,229110,471473,159799,917754,577-5.7%76.6%
Total788,803490,083781,0871,379,9571,008,439-26.9%27.8%

TourismFY
2019
FY
2020
FY
2021
FY
2022
FY
2023
Percent Change
from 2022
Percent Change
from 2019
Total Visitors1,628,565757,38561,607216,915603,831178.4%-62.9%
Occupancy Tax Collected$45,061,822$28,390,797$13,002,438$16,778,559$26,310,54956.8%-41.6%

Federal
Expenditures/
Obligations
(Millions of Dollars)
Source:
USAspending.gov
FY
2019
FY
2020
FY
2021
FY
2022
FY
2023
Percent
Change
from 2022
Percent
Change
from 2019
Department
of
Defense
1,030.001,260.002,090.001,770.002,330.0031.6%126.2%
Non-
Defense/
Other
885.381,923.733,127.451,219.391,327.408.9%49.9%
Total
Amount
Awarded
1,915.383,183.735,217.452,989.393,657.4022.3%90.9%

*Millions of chained (2012) dollars.

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

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