• GDP: US$3.2 billion.
• Main exports: Re-exports of petroleum-based products, construction materials, fish, food and beverage products.
• Main imports: Petroleum and petroleum products, food and manufactured goods.
• Main trade partners: Japan, Singapore, Korea (Rep), Hong Kong and the Philippines.

The main components of Guam’s economy are tourism and the US military for whom the island is a vital staging post for operations through the Pacific region. Tourism has expanded rapidly despite the island’s remote location and small size: Guam now receives over 1 million visitors annually, of whom 90% come from Japan.

A range of crops, including maize, cassava, bananas and coconuts, are grown for domestic consumption. Guam is also an important re-export centre for distribution of goods throughout the Pacific, particularly to Micronesia.

Government policy presently concentrates on attracting foreign investment, principally from Asia, and has been examining the country’s potential as an offshore financial centre. However, the development of the latter is not favoured by the extensive competition in the Pacific and Guam’s tax laws.

Guam Chamber of Commerce
173 Aspinall Avenue, Ada Plaza Center, Suite 101, Hagåtña, GU 96910, Guam
Tel: 472 6311 or 8001.
Website: www.guamchamber.com.gu