GDP for Guam increased 5.1% in 2022, following a 2.1% increase in 2021, while American Samoa saw a 1.8% increase after a 0.8% decrease in 2021, according to the U.S. Bureau of Economic Analysis.
Why it matters. These changes in GDP growth reflect economic recovery and stability in the U.S. territories, affecting local businesses and residents.
Real gross domestic product (GDP) for Guam increased 5.1 percent in 2022 after increasing 2.
Real gross domestic product (GDP) for American Samoa increased 1.8 percent in 2022 after decreasing 0.
Real gross domestic product (GDP) for Guam increased 5.1 percent in 2022 after increasing 2.1 percent in 2021 (table 1.3), according to statistics released today by the U.S. Bureau of Economic Analysis (BEA).
In 2021, real GDP increased 2.1 percent. The newly available GDP by industry data, which are released on a 1-year lag, reveal that the private sector was the source of growth in real GDP in 2021 (table 2.5).
