Overview of Guam: Economy

The economy depends on U.S. military spending, tourism, and the export of fish and handicrafts. Total U.S. grants, wage payments, and procurement outlays amounted to $1 billion in 1998. Over the past 20 years, the tourist industry has grown rapidly, creating a construction boom for new hotels and the expansion of older ones. Read More »

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Overview of Guam: Economy is based on Guam by Peter Fitzgerald, John Henne, Claus Hansen, Globe-trotter, Sumone10154, Zepppep, iGuide and others. Travel guides are available under Creative Commons Attribution-ShareAlike 3.0. See background image credits.