guam gdp per capita

GDP Per Capita in Micronesia averaged 2656.28 USD from 1986 until 2018, reaching an all time high of 2961.90 USD in 2011 and a record low of 2295.10 USD in 1987. Of that total, federal grants and cover-over payments amounted to $3444.1 million in 2016, or 35.8% of Guam’s total revenues for the fiscal year. Guam GDP. Total federal spending (defense and non-defense) amounted to $1.988 billion in 2016, or 34.2 of Guam’s GDP. The GDP per Capita in Micronesia is equivalent to 22 percent of the world's average. The gross domestic product (GDP) per capita is the national output, divided by the population, expressed in U.S dollars per person, for the latest year for which data is published. Mexico and China has entered in elite $10000 per capita GDP club in 2019. In 2016, Guam’s economy grew 0.3%. Gross Domestic Product for Guam, 2018 The estimates of GDP for Guam show that real GDP—GDP adjusted to remove price changes—decreased 0.3 percent in 2018 after increasing 0.2 percent in 2017. GDP per capita stood at around $15,000 in 2005. Guam: GDP per capita. In World Bank data, Monaco and Liechtenstein has better per capita gdp than Luxembourg. The gross domestic product (GDP) per capita figures on this page are derived from PPP calculations. In 2005, CIA's World Factbook estimated Guam's GDP at $2.5 billion. Sector-wise breakup of Guam's GDP shows that services (more than 70 percent) contribute the most, followed by industry and agriculture. Method. Gross Domestic Product (GDP) per capita shows a country's GDP divided by its total population. World Bank national accounts data, and OECD National Accounts data files. The table below lists countries in the world ranked by GDP at Purchasing Power Parity (PPP) per capita, along with the Nominal GDP per capita. For comparison, real GDP for the United States (excluding the territories) increased 2.9 percent in 2018 after increasing 2.4 percent in 2017. Inflation. Covering an area of 540 sq.km (210 sq mi), Guam is an organized unincorporated territory of the United States in Micronesia; and the southernmost and largest island in the Mariana Island chain, located in the western North Pacific Ocean. On the whole, PPP per capita figures are more narrowly spread than nominal GDP per capita figures. According to 2005 estimates, inflation in Guam was about 2.5 percent. Population, GDP, life expectancy, birth rate and other key metrics for Guam. GDP per capita (current US$) - Guam. Graph and download economic data for Constant GDP per capita for Guam (NYGDPPCAPKDGUM) from 2002 to 2018 about Guam, per capita, real, and GDP. The Gross Domestic Product per capita in Micronesia was last recorded at 2728.60 US dollars in 2018. (see Data FAQs) Source: IMF World Economic Outlook Database There are 14 economies which have per capita income above $50,000, 43 have above $20,000 and 70 has above $10,000 at exchange rate basis. 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