Source: world bank Nominal/PPP
Summary:
Guam GDP expanded from 2002 to 2022, increasing from $3.39 billion to $6.91 billion.The compound annual growth rate (CAGR) averaged 3.62% over the period. The economy recorded its peak level in 2022 and its lowest level in 2002. Growth volatility remained moderate. The maximum drawdown reached 6.92%, indicating the largest cyclical decline from peak levels. The country experienced 1 recession episode(s) during the observed period.
Guam Economic Phases (2002–2022)
Between 2002 to 2022, Guam experienced the following economic phases:
- High Growth (2003–2005) indicating robust economic expansion
- Expansion (2006–2007) indicating steady moderate growth
- Expansion (2009–2011) indicating steady moderate growth
- Expansion (2013–2018) indicating steady moderate growth
- High Growth (2021–2022) indicating robust economic expansion
The most remarkable growth occurred in 2022 with an increase of 10.844%, while the largest decline was in 2020 at -6.908%.