Census Bureau Announces Guam Economy Grew by 36 Percent in Sales Between 2002
and 2007
WASHINGTON, May 27 /PRNewswire-AsiaNet/ --
Guam's economy generated $6.2 billion in sales in 2007, up from $4.6 billion in 2002,
according to the U.S. Census Bureau's 2007 Economic Census of Island Areas: Geographic
Area Series for Guam.
The economic census profiles Guam's economy every 5 years. In 2007, Guam
had 3,143 businesses with paid employees. These businesses employed 52,394
people and accounted for $1.1 billion in annual payroll. This compares with
2002, when Guam had 2,926 employer businesses, with 43,104 employees and an
annual payroll of $846 million.
The 2007 census data include statistics for Guam and its 19 election
districts for businesses with paid employees. Guam is a U.S. territory in the
western Pacific Ocean.
Other findings:
- In 2007, the retail trade sector in Guam accounted for $1.6
billion in sales, employed 8,219 people and paid $150 million in annual
payroll. This compared with 2002, when the sector saw sales of $1.3
billion, employed 7,402 people and had an annual payroll of $123
million.
- The largest share of retail sales in Guam was found in general
merchandise stores ($334 million) and food and beverage stores ($327
million). In 2002, general merchandise stores sales were $299 million and food and
beverage stores sales were $259 million.
- Businesses in the Tamuning election district reported $3.6 billion in
total sales - more than 57 percent of total sales in 2007, compared with $2.7 billion in
2002.
- Guam had 193 businesses with 50 or more employees in 2007, representing
6 percent of all businesses. These businesses accounted for 57 percent
($3.6 billion) of total sales. In 2002, there were 169 businesses with
50 or more employees, accounting for $2.2 billion in total sales.
These data for Guam are available through the Census Bureau's American
FactFinder, an online data tool that allows users to access, filter,
manipulate and extract data. Data for the Northern Mariana Islands were
released in March 2009. Data for the U.S. Virgin Islands, American Samoa and
Puerto Rico will be released between July 2009 and September 2010. More
information about the Economic Census of Island Areas is available at
Editor's note: More information about the 2007 Economic Census of Island
information on confidentiality protection, nonsampling error and definitions,
see the Methodology description at
Contact: Public Information Office, 301-763-3030
SOURCE: U.S. Census Bureau
CONTACT: Tom Edwards, U.S. Census Bureau Public Information Office
+1-301-763-3030
+1-301-763-3762 (fax)
pio@census.gov
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