Guam is a US territory located in the western Pacific Ocean. It has a population of 160,000, most of whom live in urban areas. The primary ethnicities are Chamorro and Filipino. Guam has a democratically-elected governor but is ultimately governed by the US. Its major exports are food, beverages, and transportation equipment to countries like Japan, Micronesia, and Germany. Imports mainly come from the US and are mostly food, consumer goods, and construction materials. The economy relies on tourism, the US military presence, and small businesses. Future growth is expected from an increasing military deployment and rising population.
3.
Location
Guam is the westernmost territory of the United States located at about
3,700 miles west of Hawaii, 1,500 miles southeast of Japan, 1,500 miles
east of the Philippines and 3,100 miles northwest of Australia.
4.
Overview of Guam
Population is 160,000
Percent of population
in rural areas – 6%
Percent of population
in urban areas – 94%
Language: English
Roman
Catholic
85%
Other
15%
Religion
37.1%
26.3%
11.3%
6.9%
6.3%
2.3%
9.8%
Ethnicities
Chamorros
Filipinos
Other Pacific Islanders
Caucasian
Asian
Other
Mixed
6.
Follows all U.S. Federal Laws
including:
Wage Requirements
Health/Safety Requirements
Environmental Regulations
Immigration
Banking
Laws & Regulations
7.
Has open visa policy for Russians, would like
an open visa policy for China.
Cannot vote in U.S. Presidential Election, but
is counted in primaries
Does not pay Federal Taxes. Sets own tax
rates and duties.
No Sales Tax, extra school taxes, etc.
Differences
8.
Guam Exports-Goods
20%
5%
20%
8%
7%0%
24%
16%
Exports Jan - March 2013 Food & Non-alchoholic Beverages
$2,389,791
Alcoholic Beverages $592,136
Transportation & Parts $2,348,938
Home Appliance, Equipment &
Others $875,062
Plastics, Leather & Papers
$823,347
Mens and Womens Apparel
$40,947
Construction Materials $2,764,344
Other Exports $1,878,212
9.
Exports by Guam by Country
Jan-March 2013
19.81%
17.96%
15.49%
9.30%
9.30%
5.42%
4.19%
3.66%
14.88%
Japan $2,320,640
Federated States of Micronesia $2,103,476
Germany $1,814,348
Republic of Korea $1,089,293
Hong Kong $1,088,995
Philippines $634,300
Singapore $490,997
Taiwan $428,445
Other countries $1,742,455
10.
Guam Imports - Goods
Food & Non-
alcoholic
Beverages
($12,674,161)
22.79%
Alcoholic
Beverages
($705,201) 1.27%
Transporation &
Parts ($9,956,986)
17.91%
Home
Appliance, Equip
ment & Others
($5,185,834) 9.33%
Mens and
Womens Apparel
($4,716,014) 8.48%
Plastics, Leather,
and Paper
($10,610,863)
19.08%
Construction
Materials
($1,608,387) 2.89%
Other Imports
($10,150,658)
18.25%
Imports October 2012
11.
Imports by Guam by Country
Oct 2013
U.S. ($25,409,766)
45.70%
Japan ($7,117,902)
12.80%
France ( $4,951,501)
8.90%
Switzerland
($3,959,225) 7.10%
China ($3,632,793)
6.50%
Italy ($3,245,517)
5.80%
Taiwan ($1,260,525)
2.30%
Republic of Korea
($1,089,993) 2.00%
Other ($4,940,881)
8.80%
12.
Tourism – 1.2% growth in 2010, high
potential for more
Military – Expecting $139 million in
U.S. Government spending and an
additional 8,000 Marines by 2016
Local Economy – mostly small
businesses
Major Industries
13.
With help of U.S. Government to assist in
preparation of increase in population:
Better electrical generation
More potable water production
Wastewater improvements
Future Infrastructure
Improvements
14. Increase in population with new
military deployments
Increase in tourists
Rise in Consumer Spending and Imports
for Businesses in Guam
15.
16.
Attractions of Owning a
Retail Store in Guam
No sales tax
US Dollar is main
currency
Transportation of
goods is simple
Duty Free is attraction
to consumers
Wider market than just
U.S. tourists