Gross Domestic Product for Guam, 2020

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Real gross domestic product (GDP) for Guam decreased 11.9 percent in 2020 after increasing 2.5 percent in 2019, according to statistics released today by the U.S. Bureau of Economic Analysis. The decrease in real GDP reflected decreases in exports of goods and services and personal consumption expenditures. These decreases were partly offset by increases in federal government spending, territorial government spending, and private fixed investment. Imports, a subtraction item in the calculation of GDP, declined. Full Text

Published December 02, 2021 at 06:00AM
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Gross Domestic Product for American Samoa, 2020

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Real gross domestic product (GDP) for American Samoa increased 4.0 percent in 2020 after decreasing 0.6 percent in 2019. The increase in real GDP reflected widespread growth among the major components of GDP including exports, private inventory investment, and government spending. These increases were partly offset by an increase in imports, which is a subtraction item in the calculation of GDP. Full Text

Published December 01, 2021 at 03:00AM
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