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SOURCE U.S. Census Bureau
WASHINGTON, April 29, 2014 /PRNewswire-USNewswire/ -- Guam's economy generated $7.7 billion in revenue in 2012, up 23.9 percent from $6.2 billion in 2007, according to the U.S. Census Bureau's 2012 Economic Census of Island Areas: Geographic Area Series for Guam.
The five-year economic census provides the most authoritative and comprehensive source of information about the entire U.S. economy, including U.S. territories like Guam, which is located in the western Pacific Ocean, and provides benchmark data for the gross domestic product. In 2012, Guam had 3,099 businesses with paid employees. These businesses employed 53,579 people and accounted for $1.3 billion in annual payroll. By comparison, in 2007 Guam had 3,143 employer businesses, with 52,394 employees and an annual payroll of $1.1 billion.
The 2012 Economic Census data include statistics for Guam and its 19 election districts for businesses with paid employees.
The statistics for Guam are available through the Census Bureau's American FactFinder, an online search tool that allows users to access, filter, manipulate and extract statistics. Statistics for the Northern Mariana Islands were also released today. Statistics for American Samoa will be released May 6; the U.S. Virgin Islands data will be released July 15; and Puerto Rico statistics will be released next year. More information about the Economic Census of Island Areas is available here.
For information on confidentiality protection, nonsampling error and definitions, see the methodology section.
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