Territorial Economic Accounts for American Samoa, the Commonwealth of the Northern Mariana Islands, Guam, and the U.S. Virgin Islands
New Estimates of GDP for 2019, New Estimates of GDP by Industry and Compensation by Industry for 2018, Revised Estimates for 2002–2018
In collaboration with the U.S. Department of the Interior Office of Insular Affairs (OIA) and with staff from the territorial governments, the Bureau of Economic Analysis (BEA) produces annual economic accounts for American Samoa, the Commonwealth of the Northern Mariana Islands (CNMI), Guam, and the U.S. Virgin Islands (USVI). The OIA provides funding for the work and facilitates interactions between BEA and the territorial governments.1
The purpose of this ongoing project is to provide data users with comprehensive, objective measures of economic activity for these four U.S. territories. For the United States, BEA produces gross domestic product (GDP) and other related economic measures as part of its National Income and Product Accounts (NIPAs); however, these estimates cover only the 50 states and the District of Columbia. Transactions with the territories are classified as transactions with the “rest of the world.”
Consistent measures of economic activity are critical for understanding the territorial economies and how they have developed over time. Without such measures, it is difficult for businesses and governments to make informed economic and financial planning decisions and for policymakers to assess the impacts of their decisions on growth. A primary challenge associated with producing these statistics is the lack of coverage of these four territories by most of the major surveys used by BEA to produce estimates of U.S. GDP and related economic measures.2 As described in the methodology appendix to this article, the work thus relies heavily on the provision of data from the territorial governments.
Between December 2020 and May 2021, BEA released new estimates of GDP for 2019 and revised estimates for 2002–2018.3 Real GDP growth rates for each territory are shown in chart 1.
These estimates reflect the results of a comprehensive, or benchmark, update to the territorial economic accounts. Comprehensive updates provide an opportunity to incorporate major improvements in how BEA measures the economies of the territories. This benchmark update incorporated improvements to source data and methods, including information from the following:
- The Census Bureau's 2017 Economic Census of Island Areas, which provides the most thorough and detailed information on the structure of the territorial economies,
- Newly available or revised source data provided by the territorial governments, and
- Results from BEA's latest comprehensive and annual revisions to the U.S. national accounts.
Although the levels of GDP have been revised, the year-to-year patterns of inflation-adjusted growth are similar to the previously published estimates for all four territories (tables A.1.6, B.1.6, C.1.6, and D.1.6).
Highlights of the latest GDP estimates for each territory are described below.
American Samoa
Real GDP decreased 1.4 percent in 2019 (table A.1.3).
- The decline in the American Samoa economy reflected decreases in government spending, exports, and private fixed investment (table A.1.4).4
- Government spending decreased, primarily reflecting a decline in territorial government spending following the 2018 completion of a multimillion-dollar telecommunications construction project.
- Exports of canned tuna and related products decreased in 2019, reflecting a decline in output of the tuna canning industry.
- Private fixed investment declined sharply. This reflected decreases in construction activity and purchases of equipment following the completion in the prior year of reconstruction activities associated with Tropical Cyclone Gita.
2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Gross domestic product | 512 | 524 | 509 | 500 | 493 | 518 | 560 | 675 | 573 | 570 | 640 | 638 | 643 | 673 | 671 | 612 | 641 | 638 |
Personal consumption expenditures |
312 | 332 | 357 | 367 | 375 | 384 | 407 | 398 | 401 | 411 | 420 | 446 | 463 | 460 | 463 | 471 | 487 | 506 |
Goods | 155 | 167 | 185 | 189 | 191 | 195 | 206 | 195 | 194 | 184 | 183 | 207 | 217 | 214 | 209 | 208 | 214 | 214 |
Durable goods | 20 | 21 | 26 | 24 | 24 | 23 | 27 | 24 | 25 | 23 | 23 | 25 | 34 | 32 | 30 | 26 | 27 | 28 |
Nondurable goods | 135 | 145 | 159 | 165 | 167 | 171 | 179 | 171 | 169 | 161 | 160 | 181 | 183 | 182 | 179 | 182 | 187 | 186 |
Services | 156 | 164 | 172 | 180 | 186 | 190 | 203 | 208 | 213 | 232 | 246 | 247 | 256 | 256 | 264 | 270 | 278 | 296 |
Net foreign travel | 1 | 1 | −1 | −3 | −1 | −1 | −3 | −5 | −6 | −5 | −9 | −8 | −10 | −10 | −9 | −7 | −5 | −4 |
Private fixed investment | 23 | 25 | 29 | 35 | 40 | 41 | 47 | 39 | 50 | 52 | 54 | 66 | 72 | 56 | 53 | 54 | 56 | 44 |
Change in private inventories | 5 | 9 | 8 | −6 | −3 | −8 | −17 | −6 | −5 | −3 | 0 | 6 | 32 | 23 | 46 | 38 | −11 | −5 |
Net exports of goods and services | −44 | −62 | −111 | −119 | −143 | −120 | −118 | −29 | −177 | −228 | −163 | −193 | −266 | −237 | −210 | −264 | −225 | −219 |
Exports | 518 | 513 | 460 | 498 | 495 | 505 | 641 | 530 | 364 | 335 | 483 | 458 | 429 | 428 | 429 | 362 | 437 | 404 |
Goods | 502 | 495 | 440 | 479 | 477 | 487 | 621 | 510 | 341 | 313 | 457 | 435 | 402 | 401 | 401 | 336 | 410 | 378 |
Services | 16 | 18 | 20 | 19 | 18 | 17 | 20 | 20 | 22 | 22 | 26 | 24 | 27 | 27 | 27 | 26 | 27 | 26 |
Imports | 562 | 574 | 570 | 618 | 638 | 625 | 758 | 559 | 541 | 563 | 646 | 651 | 695 | 665 | 639 | 626 | 662 | 623 |
Goods | 511 | 517 | 513 | 564 | 582 | 571 | 698 | 508 | 489 | 509 | 588 | 591 | 625 | 596 | 571 | 552 | 573 | 554 |
Services | 51 | 58 | 57 | 53 | 56 | 54 | 61 | 52 | 52 | 53 | 57 | 60 | 70 | 69 | 68 | 74 | 89 | 68 |
Government consumption expenditures and gross investment |
216 | 221 | 227 | 224 | 224 | 220 | 241 | 275 | 303 | 337 | 329 | 313 | 343 | 371 | 320 | 313 | 334 | 311 |
Federal | 10 | 20 | 26 | 23 | 19 | 17 | 20 | 30 | 22 | 23 | 22 | 21 | 24 | 26 | 26 | 25 | 25 | 23 |
Territorial | 206 | 201 | 201 | 201 | 205 | 203 | 220 | 245 | 281 | 314 | 306 | 292 | 319 | 345 | 294 | 288 | 310 | 288 |
Note. Detail may not add to total because of rounding.
2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Gross domestic product (GDP) | 725 | 732 | 735 | 732 | 702 | 715 | 696 | 667 | 669 | 669 | 640 | 624 | 635 | 655 | 644 | 599 | 619 | 610 |
Personal consumption expenditures |
494 | 506 | 528 | 521 | 512 | 503 | 489 | 474 | 454 | 431 | 420 | 440 | 451 | 458 | 463 | 460 | 465 | 478 |
Goods | 235 | 245 | 263 | 258 | 252 | 249 | 243 | 224 | 212 | 190 | 183 | 204 | 213 | 211 | 207 | 202 | 203 | 202 |
Durable goods | 31 | 33 | 38 | 34 | 32 | 31 | 32 | 28 | 28 | 24 | 23 | 25 | 33 | 31 | 29 | 25 | 27 | 27 |
Nondurable goods | 203 | 212 | 225 | 224 | 220 | 218 | 211 | 196 | 184 | 166 | 160 | 179 | 180 | 180 | 178 | 176 | 176 | 175 |
Services | 258 | 260 | 264 | 266 | 261 | 254 | 249 | 255 | 248 | 246 | 246 | 243 | 248 | 255 | 263 | 263 | 265 | 278 |
Net foreign travel | 0 | −1 | −2 | −5 | −3 | −2 | −4 | −6 | −7 | −5 | −9 | −7 | −10 | −9 | −8 | −5 | −3 | −2 |
Private fixed investment | 27 | 29 | 32 | 36 | 41 | 42 | 48 | 40 | 52 | 55 | 54 | 63 | 67 | 51 | 48 | 48 | 48 | 37 |
Change in private inventories | 7 | 12 | 9 | −8 | −3 | −8 | −13 | −8 | −5 | −3 | 0 | 6 | 33 | 28 | 56 | 43 | −11 | −5 |
Net exports of goods and services | −79 | −92 | −113 | −73 | −95 | −52 | −73 | −130 | −145 | −161 | −163 | −192 | −250 | −239 | −222 | −251 | −187 | −177 |
Exports | 973 | 954 | 798 | 839 | 783 | 793 | 790 | 621 | 522 | 461 | 483 | 481 | 503 | 540 | 534 | 417 | 475 | 453 |
Goods | 951 | 929 | 772 | 816 | 761 | 775 | 770 | 600 | 499 | 438 | 457 | 458 | 477 | 515 | 508 | 393 | 451 | 430 |
Services | 26 | 29 | 29 | 26 | 25 | 22 | 23 | 23 | 24 | 23 | 26 | 23 | 26 | 26 | 26 | 24 | 24 | 23 |
Imports | 1,053 | 1,046 | 911 | 912 | 878 | 845 | 863 | 751 | 668 | 621 | 646 | 673 | 753 | 780 | 755 | 668 | 663 | 630 |
Goods | 981 | 969 | 837 | 848 | 811 | 782 | 797 | 691 | 612 | 567 | 588 | 614 | 686 | 713 | 688 | 595 | 579 | 567 |
Services | 75 | 79 | 74 | 66 | 68 | 64 | 66 | 61 | 56 | 55 | 57 | 59 | 67 | 67 | 67 | 71 | 80 | 62 |
Government consumption expenditures and gross investment |
300 | 298 | 290 | 277 | 263 | 251 | 265 | 304 | 322 | 343 | 329 | 308 | 331 | 359 | 309 | 297 | 305 | 278 |
Federal | 15 | 27 | 34 | 28 | 22 | 19 | 21 | 32 | 23 | 23 | 22 | 21 | 23 | 25 | 25 | 24 | 22 | 20 |
Territorial | 285 | 270 | 256 | 249 | 241 | 232 | 243 | 272 | 298 | 319 | 306 | 287 | 308 | 333 | 284 | 273 | 282 | 258 |
Addenda: | ||||||||||||||||||
Population (thousands)1 | 60.8 | 62.6 | 64.1 | 65.5 | 64.8 | 64.8 | 65.1 | 62.4 | 55.5 | 56.0 | 56.5 | 57.0 | 57.5 | 58.1 | 58.6 | 58.7 | 58.0 | 56.9 |
Per capita real GDP (chained dollars) | 11,924 | 11,693 | 11,466 | 11,176 | 10,833 | 11,034 | 10,691 | 10,689 | 12,054 | 11,946 | 11,327 | 10,947 | 11,043 | 11,274 | 10,990 | 10,204 | 10,672 | 10,721 |
- BEA estimates based on data from the American Samoa Department of Commerce and the U.S. Census Bureau.
2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Gross domestic product | 0.8 | 0.4 | −0.4 | −4.1 | 1.9 | −2.7 | −4.3 | 0.3 | 0.0 | −4.3 | −2.5 | 1.6 | 3.3 | −1.8 | −6.9 | 3.3 | −1.4 |
Personal consumption expenditures |
2.4 | 4.3 | −1.2 | −1.8 | −1.8 | −2.6 | −3.1 | −4.3 | −5.0 | −2.6 | 4.7 | 2.7 | 1.4 | 1.1 | −0.6 | 1.1 | 3.0 |
Goods | 4.4 | 7.4 | −2.0 | −2.2 | −1.1 | −2.5 | −8.0 | −5.3 | −10.4 | −3.7 | 11.3 | 4.7 | −1.0 | −1.7 | −2.9 | 0.7 | −0.3 |
Durable goods | 4.1 | 17.1 | −12.3 | −5.5 | −3.0 | 3.0 | −12.7 | 0.9 | −14.6 | −5.7 | 10.4 | 32.2 | −5.8 | −5.8 | −13.3 | 5.1 | 2.9 |
Nondurable goods | 4.4 | 5.9 | −0.3 | −1.8 | −0.8 | −3.2 | −7.3 | −6.1 | −9.8 | −3.4 | 11.5 | 0.9 | −0.2 | −1.0 | −1.1 | 0.1 | −0.8 |
Services | 0.6 | 1.6 | 0.8 | −2.0 | −2.7 | −2.1 | 2.6 | −2.8 | −0.7 | −0.3 | −1.0 | 2.0 | 3.1 | 3.1 | −0.2 | 0.9 | 5.0 |
Net foreign travel | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... |
Private fixed investment | 5.6 | 11.8 | 14.0 | 11.0 | 3.8 | 14.4 | −16.6 | 30.0 | 5.1 | −0.7 | 15.7 | 6.1 | −23.4 | −7.1 | 1.3 | −0.4 | −22.7 |
Change in private inventories | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... |
Net exports of goods and services | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... |
Exports | −2.0 | −16.3 | 5.1 | −6.7 | 1.3 | −0.4 | −21.4 | −15.8 | −11.8 | 4.8 | −0.5 | 4.8 | 7.4 | −1.2 | −21.9 | 14.0 | −4.7 |
Goods | −2.4 | −16.9 | 5.7 | −6.7 | 1.8 | −0.6 | −22.1 | −16.8 | −12.2 | 4.3 | 0.1 | 4.3 | 7.9 | −1.3 | −22.8 | 14.9 | −4.7 |
Services | 8.9 | 0.2 | −9.4 | −5.0 | −11.4 | 4.9 | −0.2 | 5.4 | −5.8 | 13.1 | −10.2 | 12.7 | −0.7 | −0.7 | −8.3 | 1.8 | −5.4 |
Imports | −0.7 | −12.9 | 0.1 | −3.7 | −3.7 | 2.0 | −13.0 | −11.1 | −6.9 | 3.9 | 4.2 | 11.9 | 3.5 | −3.1 | −11.5 | −0.8 | −5.0 |
Goods | −1.2 | −13.6 | 1.3 | −4.4 | −3.5 | 1.9 | −13.4 | −11.4 | −7.4 | 3.8 | 4.3 | 11.8 | 3.9 | −3.5 | −13.5 | −2.6 | −2.2 |
Services | 4.6 | −6.0 | −11.1 | 3.7 | −5.8 | 3.2 | −8.2 | −7.8 | −2.6 | 4.5 | 3.9 | 12.9 | 0.4 | 0.0 | 6.1 | 12.5 | −22.9 |
Government consumption expenditures and gross investment |
−0.8 | −2.6 | −4.6 | −5.0 | −4.5 | 5.3 | 15.1 | 5.6 | 6.6 | −4.1 | −6.4 | 7.5 | 8.4 | −13.9 | −4.0 | 2.7 | −8.8 |
Federal | 87.2 | 24.4 | −17.6 | −23.2 | −10.8 | 11.3 | 51.0 | −28.3 | 1.0 | −5.7 | −4.6 | 9.9 | 9.5 | −1.1 | −4.1 | −7.0 | −10.2 |
Territorial | −5.1 | −5.3 | −2.9 | −2.9 | −3.9 | 4.8 | 11.8 | 9.8 | 7.0 | −4.0 | −6.5 | 7.3 | 8.4 | −14.8 | −4.0 | 3.6 | −8.7 |
2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Percent change: | |||||||||||||||||
Gross domestic product | 0.8 | 0.4 | −0.4 | −4.1 | 1.9 | −2.7 | −4.3 | 0.3 | 0.0 | −4.3 | −2.5 | 1.6 | 3.3 | −1.8 | −6.9 | 3.3 | −1.4 |
Percentage points: | |||||||||||||||||
Personal consumption expenditures |
1.50 | 2.81 | −0.87 | −1.34 | −1.39 | −1.94 | −1.98 | −2.87 | −3.64 | −1.77 | 3.06 | 1.92 | 1.01 | 0.72 | −0.45 | 0.81 | 2.25 |
Goods | 1.33 | 2.44 | −0.74 | −0.84 | −0.43 | −0.93 | −2.63 | −1.72 | −3.65 | −1.11 | 3.23 | 1.55 | −0.34 | −0.53 | −0.91 | 0.25 | −0.10 |
Durable goods | 0.16 | 0.73 | −0.65 | −0.26 | −0.14 | 0.13 | −0.54 | 0.03 | −0.66 | −0.22 | 0.37 | 1.29 | −0.30 | −0.27 | −0.60 | 0.22 | 0.12 |
Nondurable goods | 1.17 | 1.71 | −0.09 | −0.58 | −0.29 | −1.06 | −2.08 | −1.75 | −2.99 | −0.90 | 2.86 | 0.25 | −0.04 | −0.26 | −0.31 | 0.03 | −0.23 |
Services | 0.19 | 0.53 | 0.27 | −0.72 | −1.03 | −0.75 | 0.86 | −0.97 | −0.29 | −0.13 | −0.37 | 0.77 | 1.20 | 1.16 | −0.06 | 0.38 | 2.17 |
Net foreign travel | −0.02 | −0.16 | −0.40 | 0.22 | 0.07 | −0.26 | −0.21 | −0.18 | 0.29 | −0.53 | 0.21 | −0.40 | 0.16 | 0.10 | 0.53 | 0.18 | 0.18 |
Private fixed investment | 0.25 | 0.58 | 0.82 | 0.77 | 0.30 | 1.08 | −1.22 | 1.89 | 0.45 | −0.06 | 1.35 | 0.64 | −2.62 | −0.58 | 0.11 | −0.03 | −2.00 |
Change in private inventories | 0.67 | −0.40 | −2.85 | 0.79 | −0.93 | −0.99 | 0.90 | 0.43 | 0.36 | 0.48 | 0.90 | 4.05 | −0.67 | 3.37 | −1.66 | −8.22 | 0.96 |
Net exports of goods and services | −1.26 | −1.39 | 4.60 | −2.05 | 6.02 | −3.00 | −7.72 | −1.71 | −0.74 | −0.65 | −4.50 | −8.70 | 1.07 | 2.28 | −2.98 | 9.34 | 1.97 |
Exports | −2.02 | −16.85 | 4.69 | −6.76 | 1.28 | −0.46 | −22.22 | −12.31 | −7.70 | 3.09 | −0.34 | 3.24 | 4.69 | −0.78 | −14.69 | 8.47 | −3.15 |
Goods | −2.31 | −16.86 | 5.07 | −6.57 | 1.71 | −0.62 | −22.21 | −12.49 | −7.47 | 2.62 | 0.07 | 2.76 | 4.72 | −0.75 | −14.35 | 8.40 | −2.92 |
Services | 0.29 | 0.01 | −0.38 | −0.19 | −0.43 | 0.16 | −0.01 | 0.18 | −0.23 | 0.47 | −0.41 | 0.48 | −0.03 | −0.03 | −0.35 | 0.07 | −0.23 |
Imports | 0.76 | 15.46 | −0.09 | 4.71 | 4.74 | −2.54 | 14.50 | 10.60 | 6.96 | −3.75 | −4.16 | −11.94 | −3.63 | 3.06 | 11.72 | 0.86 | 5.12 |
Goods | 1.24 | 14.77 | −1.37 | 5.11 | 4.08 | −2.20 | 13.74 | 9.92 | 6.71 | −3.35 | −3.81 | −10.70 | −3.59 | 3.06 | 12.35 | 2.42 | 1.94 |
Services | −0.48 | 0.69 | 1.28 | −0.40 | 0.66 | −0.33 | 0.76 | 0.68 | 0.25 | −0.39 | −0.35 | −1.24 | −0.04 | 0.00 | −0.64 | −1.56 | 3.18 |
Government consumption expenditures and gross investment |
−0.32 | −1.15 | −2.11 | −2.27 | −2.06 | 2.19 | 5.73 | 2.58 | 3.58 | −2.29 | −3.26 | 3.73 | 4.47 | −7.58 | −1.95 | 1.41 | −4.60 |
Federal | 1.73 | 0.97 | −0.94 | −1.09 | −0.41 | 0.37 | 1.62 | −1.42 | 0.04 | −0.22 | −0.16 | 0.33 | 0.35 | −0.04 | −0.16 | −0.29 | −0.39 |
Territorial | −2.05 | −2.12 | −1.17 | −1.19 | −1.64 | 1.82 | 4.11 | 4.00 | 3.54 | −2.07 | −3.10 | 3.39 | 4.12 | −7.54 | −1.79 | 1.70 | −4.20 |
2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Gross domestic product | 1.6 | −3.3 | −1.3 | 2.7 | 3.0 | 11.1 | 26.0 | −15.5 | −0.6 | 17.4 | 2.1 | −0.7 | 1.2 | 1.6 | −2.0 | 1.4 | 0.9 |
Personal consumption expenditures |
3.8 | 3.0 | 4.2 | 4.2 | 4.0 | 8.9 | 0.9 | 5.4 | 7.9 | 4.8 | 1.5 | 1.0 | −2.1 | −0.2 | 2.4 | 2.2 | 0.9 |
2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Percent change: | ||||||||||||||||
Revised | 0.8 | 0.4 | −0.4 | −4.1 | 1.9 | −2.7 | −4.3 | 0.3 | 0.0 | −4.3 | −2.5 | 1.6 | 3.3 | −1.8 | −6.9 | 3.3 |
Previously published | 0.8 | 0.5 | −0.4 | −4.1 | 1.9 | −2.5 | −4.2 | 0.4 | 0.3 | −4.3 | −2.8 | 1.0 | 1.4 | −2.8 | −5.8 | 2.2 |
Percentage points: | ||||||||||||||||
Revision | 0.0 | −0.1 | 0.0 | 0.0 | 0.0 | −0.2 | −0.1 | −0.1 | −0.3 | 0.0 | 0.3 | 0.6 | 1.9 | 1.0 | −1.1 | 1.1 |
2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Gross domestic product | 512 | 524 | 509 | 500 | 493 | 518 | 560 | 675 | 573 | 570 | 640 | 638 | 643 | 673 | 671 | 612 | 641 |
Private industries | 390 | 394 | 366 | 346 | 340 | 362 | 400 | 511 | 386 | 384 | 446 | 447 | 455 | 477 | 475 | 420 | 445 |
Manufacturing | 109 | 108 | 79 | 68 | 67 | 77 | 112 | 163 | 41 | 21 | 89 | 93 | 77 | 94 | 92 | 67 | 89 |
Nonmanufacturing | 281 | 287 | 287 | 278 | 273 | 285 | 288 | 348 | 345 | 363 | 356 | 354 | 378 | 384 | 383 | 353 | 355 |
Government | 121 | 130 | 143 | 154 | 153 | 156 | 160 | 165 | 187 | 185 | 194 | 190 | 188 | 195 | 196 | 193 | 196 |
Federal | 8 | 11 | 16 | 20 | 16 | 14 | 16 | 18 | 18 | 17 | 17 | 18 | 18 | 18 | 18 | 18 | 18 |
Territorial | 113 | 120 | 127 | 134 | 138 | 142 | 144 | 146 | 169 | 168 | 177 | 172 | 171 | 177 | 178 | 175 | 178 |
Note. Detail may not add to total because of rounding.
2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Gross domestic product | 725 | 732 | 735 | 732 | 702 | 715 | 696 | 667 | 669 | 669 | 640 | 624 | 635 | 655 | 644 | 599 | 619 |
Private industries | 567 | 566 | 562 | 543 | 523 | 537 | 513 | 485 | 473 | 483 | 446 | 439 | 457 | 477 | 466 | 424 | 447 |
Manufacturing | 126 | 124 | 118 | 131 | 127 | 132 | 132 | 105 | 93 | 85 | 89 | 88 | 91 | 105 | 104 | 83 | 97 |
Nonmanufacturing | 428 | 428 | 431 | 401 | 387 | 396 | 372 | 379 | 382 | 393 | 356 | 351 | 366 | 373 | 364 | 341 | 351 |
Government | 163 | 170 | 177 | 189 | 180 | 180 | 183 | 182 | 196 | 188 | 194 | 186 | 178 | 179 | 178 | 174 | 172 |
Federal | 12 | 14 | 20 | 25 | 18 | 15 | 18 | 19 | 18 | 17 | 17 | 18 | 17 | 17 | 17 | 16 | 16 |
Territorial | 150 | 155 | 156 | 165 | 162 | 165 | 166 | 162 | 178 | 171 | 177 | 168 | 161 | 162 | 161 | 158 | 156 |
2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Gross domestic product | 0.8 | 0.4 | −0.4 | −4.1 | 1.9 | −2.7 | −4.3 | 0.3 | 0.0 | −4.3 | −2.5 | 1.6 | 3.3 | −1.8 | −6.9 | 3.3 |
Private industries | −0.3 | −0.7 | −3.4 | −3.7 | 2.8 | −4.4 | −5.6 | −2.5 | 2.1 | −7.7 | −1.6 | 4.2 | 4.4 | −2.3 | −8.9 | 5.4 |
Manufacturing | −1.0 | −5.0 | 11.2 | −3.7 | 4.2 | 0.4 | −20.3 | −12.3 | −7.9 | 4.9 | −1.5 | 3.0 | 16.3 | −1.5 | −20.2 | 16.6 |
Nonmanufacturing | 0.0 | 0.8 | −6.9 | −3.7 | 2.4 | −5.9 | 1.8 | 0.7 | 3.1 | −9.4 | −1.6 | 4.4 | 1.9 | −2.5 | −6.3 | 3.1 |
Government | 4.5 | 3.7 | 7.3 | −5.0 | 0.1 | 1.7 | −0.6 | 7.8 | −4.2 | 3.4 | −4.5 | −4.1 | 0.5 | −0.5 | −2.2 | −1.1 |
Federal | 16.0 | 40.2 | 22.2 | −27.7 | −14.4 | 14.8 | 10.7 | −7.6 | −4.5 | −0.8 | 5.0 | −4.0 | −1.3 | 1.7 | −4.9 | 0.3 |
Territorial | 3.6 | 0.5 | 5.4 | −1.6 | 1.8 | 0.4 | −1.8 | 9.7 | −4.1 | 3.8 | −5.4 | −4.2 | 0.7 | −0.7 | −1.9 | −1.2 |
2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Percent change: | ||||||||||||||||
Gross domestic product | 0.8 | 0.4 | −0.4 | −4.1 | 1.9 | −2.7 | −4.3 | 0.3 | 0.0 | −4.3 | −2.5 | 1.6 | 3.3 | −1.8 | −6.9 | 3.3 |
Percentage points: | ||||||||||||||||
Private industries | −0.23 | −0.51 | −2.47 | −2.53 | 1.92 | −3.15 | −4.14 | −1.85 | 1.39 | −5.34 | −1.09 | 2.89 | 3.10 | −1.65 | −6.27 | 3.66 |
Manufacturing | −0.21 | −0.97 | 1.53 | −0.50 | 0.58 | 0.07 | −5.01 | −2.22 | −0.47 | 0.41 | −0.21 | 0.40 | 1.98 | −0.20 | −2.67 | 1.93 |
Nonmanufacturing | −0.03 | 0.45 | −4.00 | −2.03 | 1.34 | −3.22 | 0.86 | 0.37 | 1.87 | −5.75 | −0.88 | 2.49 | 1.11 | −1.45 | −3.61 | 1.73 |
Government | 1.07 | 0.96 | 2.06 | −1.57 | 0.03 | 0.49 | −0.15 | 2.16 | −1.39 | 1.03 | −1.36 | −1.26 | 0.16 | −0.15 | −0.65 | −0.35 |
Federal | 0.27 | 0.85 | 0.71 | −1.14 | −0.46 | 0.38 | 0.28 | −0.23 | −0.14 | −0.02 | 0.13 | −0.11 | −0.04 | 0.05 | −0.14 | 0.01 |
Territorial | 0.80 | 0.11 | 1.35 | −0.43 | 0.49 | 0.11 | −0.43 | 2.39 | −1.25 | 1.06 | −1.49 | −1.15 | 0.19 | −0.19 | −0.52 | −0.35 |
Note. Percentage-point contributions do not sum to the percent change in real gross domestic product (GDP) because of rounding and differences in source data used to estimate GDP by industry and the expenditures measure of real GDP.
2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total compensation | 232 | 245 | 256 | 269 | 265 | 265 | 274 | 271 | 270 | 262 | 272 | 277 | 294 | 308 | 311 | 294 | 301 |
Private industries | 124 | 128 | 125 | 127 | 126 | 125 | 131 | 125 | 97 | 97 | 104 | 105 | 116 | 124 | 128 | 118 | 127 |
Manufacturing | 53 | 53 | 48 | 49 | 50 | 52 | 59 | 53 | 31 | 27 | 40 | 42 | 45 | 51 | 51 | 40 | 49 |
Nonmanufacturing | 71 | 75 | 76 | 79 | 76 | 73 | 72 | 71 | 66 | 70 | 63 | 63 | 72 | 73 | 77 | 79 | 78 |
Government | 108 | 117 | 132 | 141 | 139 | 140 | 143 | 147 | 173 | 164 | 169 | 171 | 178 | 185 | 183 | 175 | 174 |
Federal | 8 | 10 | 15 | 20 | 15 | 13 | 16 | 18 | 17 | 17 | 16 | 17 | 17 | 17 | 18 | 17 | 18 |
Territorial | 100 | 107 | 117 | 121 | 123 | 127 | 127 | 129 | 156 | 148 | 152 | 154 | 161 | 167 | 165 | 158 | 156 |
Note. Detail may not add to total because of rounding.
Commonwealth of the Northern Mariana Islands (CNMI)
Real GDP decreased 11.2 percent in 2019 (table B.1.3).
- The decline in the CNMI economy primarily reflected declines in gaming industry revenues and private fixed investment.
- Exports of services was the largest contributor to the decline in real GDP in 2019, reflecting decreases in visitor spending, particularly on casino gambling (table B.1.4). According to publicly available financial statements, revenues from casino gambling dropped over 80 percent.
- Private fixed investment decreased in 2019 but remained at historically high levels, supported by continued development of the casino resort on Saipan and reconstruction activities associated with Typhoon Yutu.
2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Gross domestic product | 1,284 | 1,239 | 1,210 | 1,061 | 990 | 938 | 939 | 795 | 799 | 729 | 746 | 772 | 832 | 910 | 1,230 | 1,560 | 1,302 | 1,182 |
Personal consumption expenditures |
459 | 470 | 477 | 425 | 474 | 480 | 504 | 431 | 442 | 446 | 460 | 490 | 525 | 529 | 571 | 654 | 677 | 688 |
Goods | 332 | 346 | 394 | 332 | 369 | 358 | 387 | 332 | 354 | 366 | 399 | 412 | 433 | 428 | 435 | 490 | 483 | 466 |
Durable goods | 121 | 127 | 145 | 123 | 140 | 137 | 142 | 119 | 130 | 132 | 143 | 153 | 164 | 169 | 173 | 192 | 190 | 183 |
Nondurable goods | 210 | 219 | 249 | 209 | 229 | 222 | 245 | 213 | 224 | 234 | 256 | 260 | 269 | 259 | 262 | 298 | 293 | 283 |
Services | 441 | 424 | 451 | 434 | 414 | 409 | 427 | 381 | 398 | 374 | 418 | 456 | 507 | 563 | 992 | 1,215 | 821 | 676 |
Net foreign travel | −314 | −300 | −368 | −341 | −309 | −287 | −310 | −283 | −309 | −293 | −357 | −378 | −414 | −461 | −855 | −1,051 | −627 | −453 |
Private fixed investment | 80 | 78 | 98 | 97 | 92 | 79 | 83 | 85 | 77 | 74 | 79 | 88 | 112 | 192 | 398 | 379 | 222 | 183 |
Net exports of goods and services | 387 | 344 | 281 | 182 | 77 | 47 | 29 | −47 | −70 | −132 | −98 | −123 | −123 | −153 | −116 | 112 | −96 | −236 |
Exports | 1,169 | 1,118 | 1,218 | 1,017 | 829 | 627 | 488 | 312 | 335 | 317 | 379 | 402 | 437 | 482 | 882 | 1,081 | 661 | 497 |
Goods | 848 | 810 | 842 | 668 | 514 | 333 | 172 | 23 | 19 | 17 | 16 | 17 | 15 | 13 | 19 | 23 | 26 | 36 |
Services | 321 | 308 | 376 | 349 | 315 | 293 | 316 | 289 | 316 | 300 | 364 | 385 | 422 | 469 | 863 | 1,059 | 635 | 461 |
Imports | 782 | 774 | 937 | 835 | 752 | 579 | 459 | 360 | 405 | 449 | 478 | 525 | 560 | 635 | 998 | 969 | 757 | 733 |
Goods | 673 | 666 | 807 | 720 | 648 | 498 | 394 | 307 | 346 | 384 | 409 | 449 | 477 | 488 | 636 | 621 | 598 | 601 |
Services | 109 | 108 | 130 | 116 | 104 | 81 | 66 | 53 | 59 | 65 | 69 | 76 | 82 | 147 | 362 | 348 | 159 | 132 |
Government consumption expenditures and gross investment |
358 | 346 | 353 | 357 | 347 | 332 | 324 | 327 | 349 | 341 | 305 | 317 | 318 | 342 | 376 | 415 | 499 | 548 |
Federal | 14 | 16 | 16 | 16 | 14 | 13 | 15 | 20 | 22 | 21 | 21 | 20 | 22 | 28 | 24 | 26 | 52 | 75 |
Territorial | 344 | 329 | 337 | 340 | 333 | 319 | 308 | 306 | 327 | 319 | 284 | 297 | 296 | 314 | 352 | 390 | 448 | 472 |
Note. Detail may not add to total because of rounding.
2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Gross domestic product (GDP) | 1,457 | 1,462 | 1,417 | 1,237 | 1,152 | 1,075 | 956 | 788 | 799 | 740 | 746 | 766 | 798 | 825 | 1,066 | 1,313 | 1,059 | 941 |
Personal consumption expenditures |
602 | 633 | 611 | 521 | 549 | 539 | 532 | 450 | 464 | 450 | 460 | 497 | 533 | 555 | 595 | 662 | 667 | 676 |
Goods | 464 | 486 | 524 | 422 | 455 | 434 | 440 | 365 | 383 | 372 | 399 | 415 | 425 | 430 | 437 | 476 | 456 | 436 |
Durable goods | 158 | 165 | 180 | 148 | 168 | 163 | 163 | 130 | 139 | 132 | 143 | 154 | 162 | 175 | 177 | 187 | 181 | 171 |
Nondurable goods | 307 | 322 | 345 | 275 | 288 | 271 | 277 | 234 | 244 | 240 | 256 | 261 | 263 | 256 | 260 | 289 | 275 | 265 |
Services | 551 | 551 | 574 | 540 | 486 | 464 | 462 | 407 | 416 | 379 | 418 | 454 | 497 | 558 | 953 | 1,148 | 757 | 622 |
Net foreign travel | −417 | −406 | −489 | −446 | −391 | −357 | −370 | −323 | −336 | −300 | −357 | −371 | −390 | −433 | −774 | −935 | −542 | −389 |
Private fixed investment | 92 | 89 | 110 | 106 | 98 | 83 | 84 | 88 | 80 | 75 | 79 | 88 | 111 | 191 | 392 | 361 | 202 | 160 |
Net exports of goods and services | 401 | 380 | 336 | 248 | 133 | 107 | 11 | −91 | −103 | −131 | −98 | −128 | −145 | −248 | −320 | −98 | −224 | −350 |
Exports | 1,647 | 1,579 | 1,708 | 1,418 | 1,143 | 852 | 543 | 356 | 365 | 324 | 379 | 395 | 411 | 453 | 804 | 968 | 577 | 432 |
Goods | 1,154 | 1,098 | 1,138 | 904 | 694 | 446 | 155 | 26 | 21 | 17 | 16 | 17 | 15 | 13 | 20 | 23 | 26 | 35 |
Services | 427 | 417 | 500 | 456 | 400 | 365 | 378 | 330 | 343 | 307 | 364 | 378 | 397 | 439 | 783 | 944 | 552 | 399 |
Imports | 1,246 | 1,198 | 1,372 | 1,170 | 1,010 | 746 | 532 | 447 | 467 | 456 | 478 | 523 | 556 | 701 | 1,124 | 1,067 | 801 | 782 |
Goods | 1,092 | 1,044 | 1,188 | 1,007 | 874 | 647 | 457 | 388 | 405 | 390 | 409 | 448 | 477 | 555 | 749 | 710 | 654 | 666 |
Services | 155 | 155 | 185 | 163 | 136 | 99 | 75 | 59 | 62 | 66 | 69 | 75 | 79 | 142 | 344 | 327 | 146 | 119 |
Government consumption expenditures and gross investment |
445 | 447 | 427 | 412 | 403 | 367 | 343 | 344 | 359 | 346 | 305 | 309 | 300 | 320 | 349 | 369 | 416 | 450 |
Federal | 20 | 22 | 20 | 20 | 16 | 14 | 17 | 22 | 22 | 21 | 21 | 19 | 21 | 27 | 23 | 23 | 45 | 64 |
Territorial | 425 | 426 | 407 | 393 | 387 | 353 | 327 | 322 | 336 | 324 | 284 | 290 | 279 | 293 | 326 | 346 | 372 | 387 |
Addenda: | ||||||||||||||||||
Population (thousands)1 | 74.4 | 76.6 | 78.9 | 70.6 | 60.7 | 59.3 | 57.6 | 55.5 | 53.5 | 52.2 | 51.4 | 51.2 | 51.0 | 50.8 | 50.6 | 50.3 | 50.0 | 49.8 |
Per capita real GDP (chained dollars) | 19,583 | 19,086 | 17,959 | 17,521 | 18,979 | 18,128 | 16,597 | 14,198 | 14,935 | 14,176 | 14,514 | 14,961 | 15,647 | 16,240 | 21,067 | 26,103 | 21,180 | 18,896 |
- Source: U.S. Census Bureau
2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Gross domestic product | 0.4 | −3.1 | −12.7 | −6.9 | −6.6 | −11.1 | −17.5 | 1.3 | −7.4 | 0.9 | 2.7 | 4.2 | 3.3 | 29.3 | 23.2 | −19.3 | −11.2 |
Personal consumption expenditures |
5.2 | −3.4 | −14.8 | 5.5 | −1.8 | −1.4 | −15.4 | 3.0 | −2.9 | 2.2 | 8.1 | 7.2 | 4.2 | 7.2 | 11.2 | 0.8 | 1.3 |
Goods | 4.8 | 7.8 | −19.4 | 7.8 | −4.6 | 1.3 | −17.1 | 5.1 | −3.0 | 7.4 | 3.9 | 2.5 | 1.1 | 1.6 | 9.0 | −4.2 | −4.4 |
Durable goods | 4.7 | 9.1 | −17.6 | 13.1 | −2.7 | 0.2 | −20.2 | 6.7 | −5.0 | 8.5 | 7.3 | 5.2 | 7.8 | 1.7 | 5.4 | −3.1 | −5.5 |
Nondurable goods | 4.8 | 7.1 | −20.4 | 4.8 | −5.8 | 2.0 | −15.3 | 4.1 | −1.9 | 6.8 | 2.0 | 1.0 | −2.9 | 1.5 | 11.4 | −4.9 | −3.7 |
Services | 0.0 | 4.1 | −5.9 | −10.0 | −4.5 | −0.3 | −11.9 | 2.0 | −8.8 | 10.3 | 8.6 | 9.5 | 12.4 | 70.7 | 20.5 | −34.1 | −17.8 |
Net foreign travel | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... |
Private fixed investment | −3.4 | 22.9 | −3.3 | −7.8 | −15.4 | 2.1 | 4.4 | −8.9 | −6.9 | 5.6 | 11.1 | 26.8 | 72.0 | 104.6 | −7.9 | −43.9 | −20.8 |
Net exports of goods and services | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... |
Exports | −4.1 | 8.2 | −17.0 | −19.4 | −25.4 | −36.3 | −34.4 | 2.4 | −11.1 | 17.0 | 4.1 | 4.1 | 10.1 | 77.5 | 20.5 | −40.4 | −25.2 |
Goods | −4.8 | 3.7 | −20.6 | −23.2 | −35.8 | −65.2 | −83.4 | −16.7 | −20.8 | −8.6 | 6.9 | −11.7 | −9.0 | 48.2 | 16.5 | 11.8 | 37.4 |
Services | −2.4 | 20.0 | −8.9 | −12.3 | −8.7 | 3.4 | −12.5 | 3.8 | −10.5 | 18.5 | 4.0 | 4.8 | 10.7 | 78.3 | 20.6 | −41.5 | −27.7 |
Imports | −3.8 | 14.4 | −14.7 | −13.7 | −26.2 | −28.6 | −16.0 | 4.5 | −2.5 | 4.8 | 9.4 | 6.4 | 26.0 | 60.4 | −5.1 | −24.9 | −2.4 |
Goods | −4.4 | 13.7 | −15.2 | −13.2 | −26.0 | −29.3 | −15.0 | 4.3 | −3.8 | 5.0 | 9.5 | 6.5 | 16.4 | 34.9 | −5.2 | −7.9 | 1.8 |
Services | 0.1 | 18.9 | −11.7 | −16.4 | −27.4 | −24.2 | −21.3 | 5.8 | 5.6 | 3.9 | 9.0 | 6.3 | 78.4 | 142.7 | −4.9 | −55.5 | −18.1 |
Government consumption expenditures and gross investment |
0.6 | −4.6 | −3.4 | −2.2 | −9.0 | −6.4 | 0.2 | 4.3 | −3.7 | −11.7 | 1.4 | −2.8 | 6.5 | 9.0 | 5.9 | 12.8 | 8.1 |
Federal | 10.6 | −6.7 | −2.4 | −18.5 | −12.9 | 19.2 | 30.1 | 3.9 | −4.4 | −3.1 | −6.4 | 7.9 | 26.5 | −14.1 | 2.4 | 92.9 | 42.3 |
Territorial | 0.1 | −4.5 | −3.4 | −1.4 | −8.8 | −7.4 | −1.3 | 4.4 | −3.7 | −12.3 | 1.9 | −3.5 | 5.0 | 11.0 | 6.2 | 7.6 | 4.1 |
2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Percent change: | |||||||||||||||||
Gross domestic product | 0.4 | −3.1 | −12.7 | −6.9 | −6.6 | −11.1 | −17.5 | 1.3 | −7.4 | 0.9 | 2.7 | 4.2 | 3.3 | 29.3 | 23.2 | −19.3 | −11.2 |
Percentage points: | |||||||||||||||||
Personal consumption expenditures |
1.89 | −1.33 | −5.97 | 2.28 | −0.87 | −0.68 | −8.36 | 1.65 | −1.62 | 1.34 | 4.91 | 4.48 | 2.54 | 4.12 | 5.21 | 0.32 | 0.66 |
Goods | 1.25 | 2.24 | −6.45 | 2.49 | −1.72 | 0.48 | −7.20 | 2.14 | −1.39 | 3.72 | 2.07 | 1.34 | 0.55 | 0.73 | 3.18 | −1.31 | −1.63 |
Durable goods | 0.45 | 0.95 | −2.14 | 1.52 | −0.38 | 0.03 | −3.14 | 1.02 | −0.84 | 1.53 | 1.39 | 1.02 | 1.47 | 0.30 | 0.77 | −0.38 | −0.80 |
Nondurable goods | 0.80 | 1.29 | −4.31 | 0.97 | −1.34 | 0.45 | −4.06 | 1.12 | −0.55 | 2.19 | 0.68 | 0.32 | −0.92 | 0.43 | 2.42 | −0.93 | −0.83 |
Services | 0.00 | 1.40 | −2.23 | −4.21 | −1.90 | −0.13 | −5.45 | 0.99 | −4.50 | 5.26 | 4.79 | 5.56 | 7.31 | 43.51 | 16.37 | −26.41 | −11.14 |
Net foreign travel | 0.63 | −4.97 | 2.71 | 4.00 | 2.75 | −1.02 | 4.28 | −1.47 | 4.27 | −7.64 | −1.95 | −2.42 | −5.32 | −40.13 | −14.34 | 28.04 | 13.42 |
Private fixed investment | −0.22 | 1.46 | −0.27 | −0.73 | −1.43 | 0.17 | 0.38 | −0.96 | −0.68 | 0.57 | 1.17 | 3.01 | 9.40 | 21.67 | −2.56 | −10.73 | −3.58 |
Net exports of goods and services | −1.46 | −1.87 | −5.46 | −7.71 | −1.13 | −8.43 | −9.63 | −1.18 | −3.47 | 4.45 | −3.92 | −2.16 | −11.03 | 0.16 | 18.69 | −12.40 | −11.33 |
Exports | −3.85 | 7.38 | −17.08 | −18.68 | −21.30 | −25.55 | −17.22 | 0.95 | −4.82 | 7.43 | 2.09 | 2.16 | 5.16 | 40.81 | 14.59 | −27.87 | −12.70 |
Goods | −3.24 | 2.39 | −14.30 | −14.59 | −18.53 | −26.56 | −12.91 | −0.49 | −0.53 | −0.20 | 0.14 | −0.25 | −0.16 | 0.68 | 0.25 | 0.17 | 0.73 |
Services | −0.61 | 4.99 | −2.78 | −4.09 | −2.77 | 1.01 | −4.31 | 1.44 | −4.29 | 7.63 | 1.95 | 2.41 | 5.32 | 40.13 | 14.33 | −28.04 | −13.44 |
Imports | 2.39 | −9.25 | 11.62 | 10.98 | 20.16 | 17.12 | 7.59 | −2.13 | 1.36 | −2.98 | −6.01 | −4.31 | −16.19 | −40.65 | 4.10 | 15.47 | 1.37 |
Goods | 2.40 | −7.60 | 10.36 | 9.12 | 17.19 | 15.13 | 6.08 | −1.74 | 1.78 | −2.64 | −5.18 | −3.70 | −8.65 | −17.98 | 2.68 | 3.15 | −0.83 |
Services | −0.01 | −1.65 | 1.26 | 1.85 | 2.97 | 2.00 | 1.51 | −0.40 | −0.42 | −0.34 | −0.83 | −0.61 | −7.54 | −22.67 | 1.42 | 12.32 | 2.20 |
Government consumption expenditures and gross investment |
0.16 | −1.33 | −1.01 | −0.75 | −3.21 | −2.12 | 0.06 | 1.81 | −1.65 | −5.49 | 0.57 | −1.15 | 2.42 | 3.31 | 1.81 | 3.46 | 3.08 |
Federal | 0.12 | −0.09 | −0.03 | −0.29 | −0.18 | 0.24 | 0.50 | 0.10 | −0.12 | −0.09 | −0.18 | 0.20 | 0.69 | −0.43 | 0.05 | 1.54 | 1.68 |
Territorial | 0.03 | −1.24 | −0.98 | −0.45 | −3.03 | −2.36 | −0.43 | 1.71 | −1.53 | −5.40 | 0.75 | −1.35 | 1.73 | 3.74 | 1.77 | 1.93 | 1.40 |
2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Gross domestic product | −3.9 | 0.8 | 0.4 | 0.3 | 1.6 | 12.5 | 2.7 | −0.9 | −1.4 | 1.4 | 0.7 | 3.4 | 5.9 | 4.6 | 3.0 | 3.5 | 2.2 |
Personal consumption expenditures |
−2.6 | 5.1 | 4.5 | 5.8 | 3.2 | 6.3 | 1.1 | −0.4 | 4.0 | 0.9 | −1.4 | 0.0 | −3.3 | 0.7 | 2.9 | 2.7 | 0.4 |
2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Percent change: | ||||||||||||||||
Revised | 0.4 | −3.1 | −12.7 | −6.9 | −6.6 | −11.1 | −17.5 | 1.3 | −7.4 | 0.9 | 2.7 | 4.2 | 3.3 | 29.3 | 23.2 | −19.3 |
Previously published | 0.4 | −3.1 | −12.7 | −6.9 | −6.6 | −11.1 | −17.5 | 1.3 | −7.7 | 0.6 | 2.4 | 3.9 | 3.5 | 28.4 | 25.5 | −19.6 |
Percentage points: | ||||||||||||||||
Revision | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.3 | 0.3 | 0.3 | 0.3 | −0.2 | 0.9 | −2.3 | 0.3 |
2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Gross domestic product | 1,284 | 1,239 | 1,210 | 1,061 | 990 | 938 | 939 | 795 | 799 | 729 | 746 | 772 | 832 | 910 | 1,230 | 1,560 | 1,302 |
Private industries | 1,053 | 998 | 974 | 824 | 769 | 717 | 727 | 586 | 589 | 537 | 559 | 574 | 629 | 696 | 1,004 | 1,299 | 1,018 |
Manufacturing | 403 | 395 | 386 | 349 | 244 | 174 | 50 | 18 | 16 | 15 | 12 | 11 | 16 | 20 | 23 | 19 | 21 |
Wholesale and retail trade1 | 129 | 138 | 150 | 124 | 143 | 140 | 165 | 135 | 149 | 153 | 157 | 172 | 182 | 193 | 205 | 220 | 239 |
Accommodations, food services, and amusements2 | 122 | 123 | 141 | 144 | 128 | 111 | 122 | 105 | 110 | 97 | 114 | 131 | 144 | 180 | 437 | 691 | 386 |
Other private | 398 | 342 | 298 | 207 | 254 | 291 | 390 | 328 | 314 | 271 | 276 | 260 | 287 | 302 | 339 | 369 | 372 |
Government | 231 | 241 | 235 | 236 | 220 | 222 | 212 | 209 | 210 | 192 | 187 | 198 | 203 | 214 | 226 | 261 | 285 |
Federal | 6 | 9 | 11 | 14 | 13 | 13 | 14 | 16 | 14 | 14 | 14 | 14 | 14 | 15 | 16 | 17 | 17 |
Territorial | 225 | 232 | 224 | 222 | 207 | 209 | 197 | 193 | 196 | 178 | 173 | 184 | 189 | 199 | 210 | 244 | 267 |
- Previously labeled “distributive services.”
- Previously labeled “accommodations and amusement.” Includes arts, entertainment, and recreation (NAICS 71) and accommodations and food services (NAICS 72).
Note. Detail may not add to total because of rounding.
2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Gross domestic product | 1,457 | 1,462 | 1,417 | 1,237 | 1,152 | 1,075 | 956 | 788 | 799 | 740 | 746 | 766 | 798 | 825 | 1,066 | 1,313 | 1,059 |
Private industries | 1,176 | 1,150 | 1,133 | 961 | 885 | 818 | 720 | 567 | 582 | 544 | 559 | 574 | 606 | 629 | 860 | 1,084 | 829 |
Manufacturing | 461 | 456 | 449 | 395 | 274 | 196 | 56 | 19 | 17 | 16 | 12 | 11 | 15 | 19 | 22 | 18 | 19 |
Wholesale and retail trade1 | 158 | 169 | 181 | 146 | 163 | 156 | 179 | 143 | 156 | 157 | 157 | 170 | 179 | 187 | 199 | 209 | 218 |
Accommodations, food services, and amusements2 | 156 | 157 | 176 | 173 | 149 | 124 | 133 | 109 | 114 | 101 | 114 | 128 | 136 | 163 | 366 | 572 | 310 |
Other private | 389 | 360 | 325 | 246 | 304 | 350 | 354 | 294 | 294 | 270 | 276 | 264 | 275 | 260 | 270 | 279 | 280 |
Government | 273 | 307 | 277 | 270 | 261 | 252 | 233 | 223 | 217 | 196 | 187 | 193 | 193 | 195 | 204 | 226 | 227 |
Federal | 9 | 12 | 14 | 17 | 15 | 14 | 16 | 17 | 14 | 14 | 14 | 14 | 13 | 14 | 15 | 15 | 15 |
Territorial | 264 | 295 | 263 | 254 | 246 | 238 | 218 | 205 | 203 | 181 | 173 | 179 | 179 | 181 | 189 | 211 | 212 |
- Previously labeled “distributive services.”
- Previously labeled “accommodations and amusement.” Includes arts, entertainment, and recreation (NAICS 71) and accommodations and food services (NAICS 72).
2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Gross domestic product | 0.4 | −3.1 | −12.7 | −6.9 | −6.6 | −11.1 | −17.5 | 1.3 | −7.4 | 0.9 | 2.7 | 4.2 | 3.3 | 29.3 | 23.2 | −19.3 |
Private industries | −2.2 | −1.4 | −15.2 | −7.9 | −7.6 | −12.0 | −21.3 | 2.7 | −6.5 | 2.8 | 2.6 | 5.6 | 3.9 | 36.7 | 26.0 | −23.5 |
Manufacturing | −1.1 | −1.6 | −12.0 | −30.7 | −28.4 | −71.4 | −65.4 | −10.5 | −7.8 | −27.3 | −4.1 | 35.7 | 24.1 | 16.2 | −16.4 | 4.4 |
Wholesale and retail trade1 | 7.5 | 6.7 | −19.2 | 11.2 | −4.1 | 15.1 | −20.4 | 9.3 | 0.8 | −0.1 | 8.3 | 5.3 | 4.4 | 6.5 | 5.0 | 4.2 |
Accommodations, food services, and amusements2 | 0.3 | 12.4 | −1.8 | −13.9 | −16.7 | 6.9 | −17.8 | 4.2 | −11.0 | 13.0 | 12.0 | 6.6 | 19.8 | 124.3 | 56.0 | −45.7 |
Other private | −7.5 | −9.7 | −24.1 | 23.4 | 15.2 | 1.1 | −17.1 | 0.1 | −8.4 | 2.4 | −4.4 | 4.1 | −5.3 | 3.8 | 3.3 | 0.4 |
Government | 12.5 | −9.6 | −2.7 | −3.3 | −3.5 | −7.5 | −4.6 | −2.3 | −10.0 | −4.4 | 3.2 | −0.1 | 1.4 | 4.3 | 10.8 | 0.5 |
Federal | 38.3 | 17.7 | 19.4 | −8.1 | −7.2 | 10.0 | 9.3 | −15.8 | 0.5 | −3.2 | −1.6 | −3.4 | 5.0 | 4.4 | 1.7 | −0.4 |
Territorial | 11.8 | −10.6 | −3.8 | −3.0 | −3.2 | −8.6 | −5.6 | −1.2 | −10.8 | −4.5 | 3.6 | 0.2 | 1.2 | 4.3 | 11.5 | 0.6 |
- Previously labeled “distributive services.”
- Previously labeled “accommodations and amusement.” Includes arts, entertainment, and recreation (NAICS 71) and accommodations and food services (NAICS 72).
2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Percent change: | ||||||||||||||||
Gross domestic product | 0.4 | −3.1 | −12.7 | −6.9 | −6.6 | −11.1 | −17.5 | 1.3 | −7.4 | 0.9 | 2.7 | 4.2 | 3.3 | 29.3 | 23.2 | −19.3 |
Percentage points: | ||||||||||||||||
Private industries | −1.85 | −1.15 | −12.18 | −6.18 | −5.85 | −9.27 | −16.48 | 1.95 | −4.74 | 2.04 | 1.93 | 4.20 | 2.92 | 28.22 | 21.17 | −19.45 |
Manufacturing | −0.35 | −0.51 | −3.88 | −10.15 | −6.93 | −12.60 | −3.50 | −0.24 | −0.16 | −0.58 | −0.06 | 0.52 | 0.44 | 0.34 | −0.30 | 0.05 |
Wholesale and retail trade1 | 0.76 | 0.76 | −2.41 | 1.34 | −0.59 | 2.16 | −3.58 | 1.58 | 0.16 | −0.02 | 1.75 | 1.16 | 0.93 | 1.34 | 0.84 | 0.59 |
Accommodations, food services, and amusements2 | 0.03 | 1.24 | −0.22 | −1.91 | −2.19 | 0.78 | −2.34 | 0.55 | −1.52 | 1.76 | 1.85 | 1.12 | 3.41 | 25.24 | 19.72 | −20.19 |
Other private | −2.29 | −2.63 | −5.68 | 4.55 | 3.87 | 0.39 | −7.06 | 0.05 | −3.22 | 0.89 | −1.60 | 1.41 | −1.86 | 1.29 | 0.91 | 0.09 |
Government | 2.21 | −1.92 | −0.53 | −0.72 | −0.78 | −1.71 | −1.04 | −0.63 | −2.68 | −1.17 | 0.80 | −0.02 | 0.35 | 0.99 | 2.00 | 0.09 |
Federal | 0.19 | 0.13 | 0.18 | −0.11 | −0.10 | 0.13 | 0.14 | −0.33 | 0.01 | −0.06 | −0.03 | −0.06 | 0.08 | 0.07 | 0.02 | 0.00 |
Territorial | 2.02 | −2.05 | −0.71 | −0.61 | −0.68 | −1.84 | −1.19 | −0.30 | −2.69 | −1.11 | 0.83 | 0.04 | 0.27 | 0.92 | 1.98 | 0.09 |
- Previously labeled “distributive services.”
- Previously labeled “accommodations and amusement.” Includes arts, entertainment, and recreation (NAICS 71) and accommodations and food services (NAICS 72).
Note. Percentage-point contributions do not sum to the percent change in real gross domestic product (GDP) because of rounding and differences in source data used to estimate GDP by industry and the expenditures measure of real GDP.
2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total compensation | 720 | 725 | 753 | 700 | 602 | 533 | 501 | 455 | 455 | 431 | 415 | 433 | 471 | 499 | 584 | 661 | 720 |
Private industries | 506 | 510 | 536 | 480 | 398 | 336 | 307 | 263 | 264 | 259 | 252 | 267 | 299 | 313 | 387 | 441 | 466 |
Manufacturing | 210 | 199 | 216 | 166 | 117 | 74 | 26 | 9 | 8 | 8 | 8 | 6 | 6 | 9 | 10 | 9 | 9 |
Wholesale and retail trade1 | 57 | 61 | 65 | 54 | 62 | 62 | 72 | 58 | 62 | 62 | 63 | 67 | 70 | 73 | 76 | 80 | 88 |
Accommodations, food services, and amusements2 | 64 | 66 | 76 | 77 | 67 | 61 | 67 | 58 | 60 | 54 | 64 | 73 | 80 | 105 | 160 | 198 | 213 |
Other private | 175 | 184 | 179 | 183 | 152 | 140 | 142 | 137 | 134 | 135 | 119 | 121 | 143 | 126 | 140 | 155 | 157 |
Government | 214 | 215 | 217 | 220 | 204 | 197 | 194 | 192 | 191 | 172 | 162 | 165 | 171 | 186 | 197 | 220 | 254 |
Federal | 6 | 9 | 11 | 13 | 13 | 13 | 14 | 16 | 14 | 14 | 14 | 14 | 14 | 15 | 16 | 16 | 17 |
Territorial | 208 | 206 | 206 | 207 | 191 | 184 | 180 | 176 | 177 | 158 | 148 | 152 | 158 | 171 | 182 | 203 | 237 |
- Previously labeled “distributive services.”
- Previously labeled “accommodations and amusement.” Includes arts, entertainment, and recreation (NAICS 71) and accommodations and food services (NAICS 72).
Note. Detail may not add to total because of rounding.
Guam
Real GDP increased 2.0 percent in 2019 (table C.1.3).
- The increase in the Guam economy reflected increases in exports, private fixed investment, federal government spending, and consumer spending (table C.1.4).
- Exports of services was the largest contributor to the increase in real GDP in 2019. This reflected a record high in visitor arrivals for the year, according to statistics published by the Guam government. Average spending by Korean and Japanese tourists, who make up much of Guam's tourist market, also increased.
- Spending on construction and equipment for defense and private projects increased. Business spending on construction increased in 2019, following project delays in 2017 and 2018.
- Consumer spending also increased, largely reflecting growth in retail trade activity and health care services.
2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Gross domestic product | 3,394 | 3,569 | 3,869 | 4,213 | 4,238 | 4,397 | 4,658 | 4,828 | 4,949 | 4,984 | 5,265 | 5,399 | 5,610 | 5,799 | 5,901 | 6,013 | 6,051 | 6,311 |
Personal consumption expenditures |
2,222 | 2,110 | 2,242 | 2,434 | 2,459 | 2,549 | 2,779 | 2,847 | 2,860 | 2,950 | 3,206 | 3,218 | 3,260 | 3,287 | 3,384 | 3,549 | 3,605 | 3,704 |
Goods | 1,103 | 1,070 | 1,222 | 1,401 | 1,402 | 1,414 | 1,512 | 1,448 | 1,462 | 1,564 | 1,765 | 1,706 | 1,711 | 1,655 | 1,693 | 1,759 | 1,799 | 1,914 |
Durable goods | 404 | 398 | 436 | 506 | 506 | 518 | 542 | 520 | 523 | 564 | 635 | 616 | 598 | 588 | 611 | 647 | 641 | 677 |
Nondurable goods | 699 | 673 | 786 | 895 | 896 | 897 | 970 | 928 | 939 | 1,001 | 1,130 | 1,090 | 1,113 | 1,067 | 1,083 | 1,112 | 1,159 | 1,236 |
Services | 1,763 | 1,594 | 1,791 | 1,915 | 1,978 | 2,020 | 2,102 | 2,134 | 2,167 | 2,175 | 2,332 | 2,383 | 2,489 | 2,601 | 2,726 | 2,821 | 2,880 | 3,068 |
Net foreign travel | −644 | −554 | −770 | −882 | −921 | −885 | −835 | −735 | −768 | −790 | −891 | −870 | −940 | −969 | −1,035 | −1,031 | −1,075 | −1,277 |
Private fixed investment | 473 | 646 | 636 | 585 | 686 | 921 | 1,057 | 1,081 | 1,057 | 1,027 | 1,044 | 1,233 | 1,355 | 1,256 | 1,205 | 1,141 | 1,223 | 1,355 |
Net exports of goods and services | −895 | −1,024 | −939 | −886 | −1,074 | −1,483 | −1,700 | −1,801 | −1,873 | −2,022 | −2,033 | −2,189 | −2,282 | −2,041 | −1,917 | −1,883 | −2,091 | −2,192 |
Exports | 722 | 631 | 846 | 956 | 1,005 | 1,005 | 973 | 838 | 846 | 928 | 1,004 | 1,053 | 1,057 | 1,048 | 1,119 | 1,141 | 1,165 | 1,375 |
Goods | 74 | 73 | 72 | 70 | 80 | 115 | 133 | 98 | 73 | 133 | 107 | 177 | 112 | 73 | 78 | 105 | 83 | 92 |
Services | 647 | 557 | 775 | 886 | 926 | 890 | 840 | 740 | 773 | 795 | 896 | 875 | 945 | 974 | 1,040 | 1,036 | 1,082 | 1,284 |
Imports | 1,616 | 1,654 | 1,785 | 1,843 | 2,079 | 2,489 | 2,673 | 2,639 | 2,719 | 2,949 | 3,037 | 3,241 | 3,339 | 3,089 | 3,036 | 3,024 | 3,256 | 3,567 |
Goods | 1,362 | 1,320 | 1,445 | 1,529 | 1,732 | 2,018 | 2,115 | 2,051 | 2,098 | 2,289 | 2,395 | 2,522 | 2,559 | 2,318 | 2,272 | 2,316 | 2,479 | 2,691 |
Services | 255 | 334 | 340 | 314 | 347 | 470 | 558 | 588 | 621 | 661 | 642 | 719 | 780 | 770 | 764 | 709 | 777 | 876 |
Government consumption expenditures and gross investment |
1,594 | 1,836 | 1,929 | 2,080 | 2,166 | 2,411 | 2,521 | 2,701 | 2,905 | 3,028 | 3,048 | 3,137 | 3,276 | 3,297 | 3,229 | 3,205 | 3,314 | 3,443 |
Federal | 909 | 1,124 | 1,209 | 1,286 | 1,318 | 1,500 | 1,608 | 1,751 | 1,865 | 1,907 | 1,911 | 1,907 | 1,980 | 2,027 | 2,009 | 1,903 | 1,985 | 2,130 |
Territorial | 686 | 712 | 721 | 794 | 849 | 911 | 913 | 950 | 1,039 | 1,121 | 1,138 | 1,230 | 1,296 | 1,270 | 1,220 | 1,302 | 1,329 | 1,313 |
Note. Detail may not add to total because of rounding.
2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Gross domestic product (GDP) | 4,549 | 4,589 | 4,887 | 5,065 | 4,880 | 4,915 | 5,015 | 5,037 | 5,151 | 5,155 | 5,265 | 5,354 | 5,450 | 5,495 | 5,505 | 5,554 | 5,504 | 5,613 |
Personal consumption expenditures |
2,972 | 2,760 | 2,893 | 3,025 | 2,937 | 2,957 | 3,046 | 3,072 | 3,047 | 3,090 | 3,206 | 3,227 | 3,240 | 3,301 | 3,351 | 3,441 | 3,419 | 3,484 |
Goods | 1,542 | 1,420 | 1,540 | 1,655 | 1,582 | 1,578 | 1,591 | 1,516 | 1,546 | 1,623 | 1,765 | 1,725 | 1,719 | 1,696 | 1,739 | 1,773 | 1,779 | 1,893 |
Durable goods | 470 | 446 | 494 | 548 | 545 | 557 | 541 | 524 | 533 | 579 | 635 | 632 | 624 | 632 | 647 | 660 | 660 | 713 |
Nondurable goods | 1,085 | 981 | 1,052 | 1,110 | 1,038 | 1,020 | 1,051 | 993 | 1,014 | 1,044 | 1,130 | 1,092 | 1,096 | 1,065 | 1,093 | 1,114 | 1,119 | 1,182 |
Services | 2,389 | 2,140 | 2,382 | 2,456 | 2,418 | 2,377 | 2,355 | 2,338 | 2,310 | 2,279 | 2,332 | 2,383 | 2,460 | 2,563 | 2,641 | 2,687 | 2,685 | 2,800 |
Net foreign travel | −953 | −787 | −1,023 | −1,082 | −1,057 | −994 | −900 | −780 | −809 | −812 | −891 | −880 | −940 | −961 | −1,032 | −1,022 | −1,047 | −1,212 |
Private fixed investment | 567 | 765 | 730 | 641 | 722 | 947 | 1,068 | 1,112 | 1,093 | 1,044 | 1,044 | 1,225 | 1,331 | 1,230 | 1,181 | 1,095 | 1,144 | 1,245 |
Net exports of goods and services | −1,198 | −1,362 | −1,170 | −1,054 | −1,228 | −1,618 | −1,762 | −1,999 | −2,007 | −2,050 | −2,033 | −2,186 | −2,263 | −2,158 | −2,068 | −1,958 | −2,043 | −2,166 |
Exports | 1,077 | 904 | 1,137 | 1,186 | 1,167 | 1,136 | 1,046 | 897 | 896 | 954 | 1,004 | 1,065 | 1,061 | 1,044 | 1,122 | 1,140 | 1,143 | 1,316 |
Goods | 119 | 114 | 107 | 97 | 103 | 138 | 143 | 113 | 81 | 136 | 107 | 180 | 114 | 76 | 84 | 112 | 88 | 96 |
Services | 958 | 792 | 1,029 | 1,087 | 1,062 | 999 | 905 | 785 | 814 | 817 | 896 | 886 | 946 | 966 | 1,037 | 1,028 | 1,054 | 1,218 |
Imports | 2,274 | 2,266 | 2,306 | 2,241 | 2,395 | 2,754 | 2,808 | 2,896 | 2,903 | 3,004 | 3,037 | 3,251 | 3,323 | 3,202 | 3,190 | 3,098 | 3,186 | 3,482 |
Goods | 1,908 | 1,806 | 1,869 | 1,872 | 2,022 | 2,263 | 2,237 | 2,285 | 2,255 | 2,328 | 2,395 | 2,543 | 2,574 | 2,473 | 2,480 | 2,470 | 2,520 | 2,759 |
Services | 370 | 466 | 444 | 375 | 381 | 497 | 573 | 612 | 649 | 676 | 642 | 707 | 748 | 727 | 711 | 638 | 673 | 732 |
Government consumption expenditures and gross investment |
2,242 | 2,429 | 2,460 | 2,495 | 2,479 | 2,639 | 2,665 | 2,850 | 3,017 | 3,069 | 3,048 | 3,087 | 3,141 | 3,126 | 3,051 | 2,999 | 3,000 | 3,061 |
Federal | 1,275 | 1,472 | 1,520 | 1,523 | 1,488 | 1,627 | 1,693 | 1,852 | 1,940 | 1,937 | 1,911 | 1,894 | 1,932 | 1,957 | 1,920 | 1,787 | 1,804 | 1,894 |
Territorial | 970 | 958 | 941 | 974 | 994 | 1,013 | 973 | 998 | 1,077 | 1,133 | 1,138 | 1,193 | 1,208 | 1,171 | 1,133 | 1,212 | 1,196 | 1,167 |
Addenda: | ||||||||||||||||||
Population (thousands)1 | 155.7 | 156.2 | 156.6 | 157.1 | 157.5 | 158.0 | 158.4 | 158.9 | 159.4 | 159.5 | 159.8 | 160.5 | 161.0 | 161.5 | 162.0 | 162.5 | 162.9 | 163.2 |
Per capita real GDP (chained dollars) | 29,216 | 29,379 | 31,207 | 32,241 | 30,984 | 31,108 | 31,660 | 31,699 | 32,315 | 32,320 | 32,947 | 33,358 | 33,851 | 34,025 | 33,981 | 34,178 | 33,788 | 34,393 |
- Source: U.S. Census Bureau
2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Gross domestic product | 0.9 | 6.5 | 3.6 | −3.7 | 0.7 | 2.0 | 0.4 | 2.3 | 0.1 | 2.1 | 1.7 | 1.8 | 0.8 | 0.2 | 0.9 | −0.9 | 2.0 |
Personal consumption expenditures |
−7.1 | 4.8 | 4.6 | −2.9 | 0.7 | 3.0 | 0.9 | −0.8 | 1.4 | 3.8 | 0.7 | 0.4 | 1.9 | 1.5 | 2.7 | −0.6 | 1.9 |
Goods | −7.9 | 8.5 | 7.4 | −4.4 | −0.3 | 0.9 | −4.8 | 2.0 | 5.0 | 8.7 | −2.3 | −0.3 | −1.4 | 2.6 | 1.9 | 0.3 | 6.5 |
Durable goods | −5.1 | 10.8 | 10.8 | −0.5 | 2.2 | −2.8 | −3.3 | 1.7 | 8.8 | 9.7 | −0.5 | −1.4 | 1.4 | 2.4 | 1.9 | 0.1 | 8.1 |
Nondurable goods | −9.6 | 7.2 | 5.6 | −6.5 | −1.7 | 3.0 | −5.6 | 2.2 | 3.0 | 8.2 | −3.3 | 0.3 | −2.8 | 2.7 | 1.9 | 0.4 | 5.6 |
Services | −10.4 | 11.3 | 3.1 | −1.5 | −1.7 | −0.9 | −0.7 | −1.2 | −1.4 | 2.3 | 2.2 | 3.2 | 4.2 | 3.0 | 1.8 | −0.1 | 4.3 |
Net foreign travel | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... |
Private fixed investment | 34.9 | −4.5 | −12.3 | 12.6 | 31.2 | 12.8 | 4.1 | −1.7 | −4.4 | 0.0 | 17.3 | 8.7 | −7.6 | −4.0 | −7.3 | 4.5 | 8.9 |
Net exports of goods and services | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... |
Exports | −16.0 | 25.7 | 4.4 | −1.6 | −2.7 | −7.9 | −14.2 | −0.1 | 6.5 | 5.2 | 6.1 | −0.4 | −1.6 | 7.5 | 1.5 | 0.3 | 15.1 |
Goods | −4.2 | −6.7 | −9.2 | 6.2 | 34.6 | 3.1 | −20.8 | −28.2 | 68.1 | −21.3 | 67.2 | −36.3 | −33.3 | 9.9 | 34.1 | −22.0 | 9.1 |
Services | −17.4 | 29.9 | 5.6 | −2.3 | −5.9 | −9.4 | −13.3 | 3.7 | 0.4 | 9.6 | −1.2 | 6.8 | 2.1 | 7.3 | −0.9 | 2.6 | 15.6 |
Imports | −0.4 | 1.8 | −2.9 | 6.9 | 15.0 | 2.0 | 3.1 | 0.3 | 3.4 | 1.1 | 7.0 | 2.2 | −3.6 | −0.4 | −2.9 | 2.8 | 9.3 |
Goods | −5.4 | 3.5 | 0.2 | 8.0 | 11.9 | −1.1 | 2.2 | −1.3 | 3.3 | 2.9 | 6.2 | 1.2 | −3.9 | 0.3 | −0.4 | 2.0 | 9.5 |
Services | 26.1 | −4.8 | −15.4 | 1.6 | 30.4 | 15.3 | 6.8 | 5.9 | 4.1 | −5.0 | 10.1 | 5.8 | −2.8 | −2.2 | −10.3 | 5.5 | 8.8 |
Government consumption expenditures and gross investment |
8.3 | 1.3 | 1.4 | −0.6 | 6.4 | 1.0 | 6.9 | 5.9 | 1.7 | −0.7 | 1.3 | 1.7 | −0.5 | −2.4 | −1.7 | 0.0 | 2.0 |
Federal | 15.5 | 3.3 | 0.2 | −2.3 | 9.4 | 4.0 | 9.4 | 4.7 | −0.2 | −1.3 | −0.9 | 2.0 | 1.3 | −1.9 | −6.9 | 1.0 | 5.0 |
Territorial | −1.2 | −1.8 | 3.5 | 2.1 | 1.9 | −3.9 | 2.6 | 7.9 | 5.1 | 0.5 | 4.9 | 1.3 | −3.1 | −3.2 | 7.0 | −1.3 | −2.4 |
2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Percent change: | |||||||||||||||||
Gross domestic product | 0.9 | 6.5 | 3.6 | −3.7 | 0.7 | 2.0 | 0.4 | 2.3 | 0.1 | 2.1 | 1.7 | 1.8 | 0.8 | 0.2 | 0.9 | −0.9 | 2.0 |
Percentage points: | |||||||||||||||||
Personal consumption expenditures |
−4.63 | 2.84 | 2.64 | −1.68 | 0.41 | 1.75 | 0.51 | −0.49 | 0.82 | 2.25 | 0.40 | 0.23 | 1.08 | 0.86 | 1.54 | −0.38 | 1.13 |
Goods | −2.60 | 2.60 | 2.37 | −1.47 | −0.09 | 0.28 | −1.53 | 0.59 | 1.49 | 2.75 | −0.76 | −0.09 | −0.41 | 0.73 | 0.56 | 0.09 | 1.90 |
Durable goods | −0.60 | 1.19 | 1.22 | −0.06 | 0.26 | −0.34 | −0.37 | 0.18 | 0.92 | 1.09 | −0.05 | −0.15 | 0.14 | 0.24 | 0.20 | 0.01 | 0.83 |
Nondurable goods | −2.00 | 1.41 | 1.15 | −1.41 | −0.35 | 0.62 | −1.15 | 0.41 | 0.57 | 1.65 | −0.71 | 0.06 | −0.55 | 0.49 | 0.36 | 0.08 | 1.06 |
Services | −5.33 | 5.02 | 1.44 | −0.70 | −0.79 | −0.43 | −0.34 | −0.52 | −0.60 | 1.03 | 0.96 | 1.42 | 1.85 | 1.35 | 0.82 | −0.05 | 2.04 |
Net foreign travel | 3.30 | −4.77 | −1.16 | 0.49 | 1.29 | 1.90 | 2.37 | −0.56 | −0.07 | −1.53 | 0.20 | −1.10 | −0.36 | −1.22 | 0.16 | −0.42 | −2.80 |
Private fixed investment | 4.79 | −0.83 | −2.01 | 1.75 | 5.04 | 2.65 | 0.91 | −0.39 | −0.95 | −0.01 | 3.43 | 1.97 | −1.80 | −0.86 | −1.50 | 0.86 | 1.79 |
Exports | −3.41 | 4.65 | 0.97 | −0.38 | −0.63 | −1.81 | −2.93 | −0.02 | 1.12 | 0.97 | 1.15 | −0.08 | −0.29 | 1.34 | 0.29 | 0.06 | 2.92 |
Goods | −0.09 | −0.14 | −0.17 | 0.10 | 0.66 | 0.09 | −0.56 | −0.58 | 1.05 | −0.57 | 1.35 | −1.18 | −0.65 | 0.12 | 0.45 | −0.38 | 0.12 |
Services | −3.32 | 4.79 | 1.15 | −0.48 | −1.29 | −1.90 | −2.37 | 0.56 | 0.07 | 1.53 | −0.20 | 1.10 | 0.36 | 1.22 | −0.16 | 0.44 | 2.79 |
Imports | 0.18 | −0.85 | 1.32 | −3.03 | −7.41 | −1.11 | −1.74 | −0.14 | −1.93 | −0.65 | −4.04 | −1.33 | 2.10 | 0.20 | 1.50 | −1.45 | −4.95 |
Goods | 2.14 | −1.32 | −0.06 | −2.91 | −4.90 | 0.52 | −0.94 | 0.58 | −1.41 | −1.30 | −2.80 | −0.56 | 1.71 | −0.10 | 0.15 | −0.80 | −3.82 |
Services | −1.96 | 0.46 | 1.38 | −0.12 | −2.50 | −1.63 | −0.80 | −0.72 | −0.52 | 0.65 | −1.24 | −0.77 | 0.39 | 0.30 | 1.34 | −0.66 | −1.13 |
Government consumption expenditures and gross investment |
3.95 | 0.68 | 0.71 | −0.32 | 3.31 | 0.55 | 3.70 | 3.30 | 1.02 | −0.41 | 0.74 | 1.01 | −0.27 | −1.35 | −0.94 | 0.02 | 1.11 |
Federal | 4.20 | 1.04 | 0.06 | −0.71 | 2.93 | 1.37 | 3.20 | 1.73 | −0.07 | −0.51 | −0.32 | 0.72 | 0.44 | −0.65 | −2.37 | 0.31 | 1.64 |
Territorial | −0.25 | −0.36 | 0.65 | 0.39 | 0.39 | −0.81 | 0.50 | 1.57 | 1.09 | 0.10 | 1.06 | 0.29 | −0.71 | −0.70 | 1.43 | −0.29 | −0.53 |
2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Gross domestic product | 4.2 | 1.8 | 5.1 | 4.4 | 3.0 | 3.8 | 3.2 | 0.2 | 0.6 | 3.4 | 0.8 | 2.1 | 2.5 | 1.6 | 1.0 | 1.5 | 2.3 |
Personal consumption expenditures |
2.3 | 1.4 | 3.8 | 4.0 | 3.0 | 5.9 | 1.6 | 1.3 | 1.7 | 4.7 | −0.3 | 0.9 | −1.0 | 1.4 | 2.1 | 2.2 | 0.8 |
2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Percent change: | ||||||||||||||||
Revised | 0.9 | 6.5 | 3.6 | −3.7 | 0.7 | 2.0 | 0.4 | 2.3 | 0.1 | 2.1 | 1.7 | 1.8 | 0.8 | 0.2 | 0.9 | −0.9 |
Previously published | 0.9 | 6.4 | 3.5 | −3.8 | 0.8 | 1.7 | 0.3 | 2.1 | 0.1 | 2.0 | 1.8 | 1.7 | 0.5 | 0.3 | 0.2 | −0.3 |
Percentage points: | ||||||||||||||||
Revision | 0.0 | 0.1 | 0.1 | 0.1 | −0.1 | 0.3 | 0.1 | 0.2 | 0.0 | 0.1 | −0.1 | 0.1 | 0.3 | −0.1 | 0.7 | −0.6 |
2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Gross domestic product | 3,394 | 3,569 | 3,869 | 4,213 | 4,238 | 4,397 | 4,658 | 4,828 | 4,949 | 4,984 | 5,265 | 5,399 | 5,610 | 5,799 | 5,901 | 6,013 | 6,051 |
Private industries | 2,117 | 2,180 | 2,416 | 2,648 | 2,606 | 2,665 | 2,852 | 2,905 | 2,918 | 2,891 | 3,169 | 3,247 | 3,371 | 3,465 | 3,586 | 3,709 | 3,742 |
Construction | 137 | 238 | 202 | 168 | 190 | 291 | 343 | 360 | 394 | 367 | 398 | 443 | 465 | 420 | 376 | 388 | 413 |
Wholesale and retail trade1 | 368 | 413 | 449 | 470 | 455 | 436 | 469 | 464 | 495 | 513 | 551 | 537 | 552 | 587 | 607 | 624 | 625 |
Accommodations, food services, and amusements2 | 384 | 356 | 408 | 411 | 409 | 406 | 422 | 429 | 452 | 462 | 487 | 532 | 612 | 651 | 708 | 736 | 759 |
Other private | 1,228 | 1,173 | 1,357 | 1,599 | 1,552 | 1,532 | 1,618 | 1,652 | 1,576 | 1,548 | 1,733 | 1,735 | 1,742 | 1,807 | 1,895 | 1,962 | 1,946 |
Government | 1,277 | 1,389 | 1,453 | 1,565 | 1,632 | 1,732 | 1,806 | 1,923 | 2,031 | 2,093 | 2,096 | 2,152 | 2,239 | 2,334 | 2,315 | 2,303 | 2,309 |
Federal | 650 | 749 | 806 | 910 | 954 | 1,018 | 1,082 | 1,171 | 1,229 | 1,266 | 1,263 | 1,267 | 1,291 | 1,331 | 1,295 | 1,288 | 1,302 |
Territorial | 627 | 640 | 647 | 655 | 678 | 713 | 724 | 752 | 802 | 828 | 833 | 884 | 948 | 1,003 | 1,020 | 1,016 | 1,007 |
- Previously labeled “distributive services.”
- Previously labeled “accommodations and amusement.” Includes arts, entertainment, and recreation (NAICS 71) and accommodations and food services (NAICS 72).
Note. Detail may not add to total because of rounding.
2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Gross domestic product | 4,549 | 4,589 | 4,887 | 5,065 | 4,880 | 4,915 | 5,015 | 5,037 | 5,151 | 5,155 | 5,265 | 5,354 | 5,450 | 5,495 | 5,505 | 5,554 | 5,504 |
Private industries | 2,758 | 2,772 | 3,045 | 3,189 | 3,010 | 3,010 | 3,080 | 3,025 | 3,068 | 3,040 | 3,169 | 3,233 | 3,314 | 3,331 | 3,383 | 3,442 | 3,454 |
Construction | 200 | 340 | 277 | 206 | 212 | 309 | 366 | 366 | 409 | 376 | 398 | 432 | 442 | 393 | 346 | 344 | 350 |
Wholesale and retail trade1 | 446 | 501 | 545 | 549 | 518 | 499 | 534 | 493 | 519 | 526 | 551 | 528 | 538 | 557 | 579 | 599 | 598 |
Accommodations, food services, and amusements2 | 434 | 405 | 475 | 463 | 441 | 433 | 441 | 425 | 455 | 473 | 487 | 534 | 591 | 615 | 657 | 675 | 677 |
Other private | 1,687 | 1,544 | 1,757 | 1,986 | 1,851 | 1,775 | 1,744 | 1,745 | 1,687 | 1,665 | 1,733 | 1,739 | 1,743 | 1,766 | 1,802 | 1,826 | 1,830 |
Government | 1,793 | 1,820 | 1,843 | 1,876 | 1,870 | 1,905 | 1,935 | 2,012 | 2,083 | 2,114 | 2,096 | 2,121 | 2,137 | 2,164 | 2,123 | 2,114 | 2,053 |
Federal | 926 | 978 | 1,010 | 1,074 | 1,075 | 1,103 | 1,143 | 1,237 | 1,269 | 1,281 | 1,263 | 1,267 | 1,271 | 1,288 | 1,242 | 1,220 | 1,197 |
Territorial | 871 | 846 | 837 | 804 | 797 | 803 | 792 | 775 | 814 | 832 | 833 | 853 | 865 | 875 | 878 | 890 | 853 |
- Previously labeled “distributive services.”
- Previously labeled “accommodations and amusement.” Includes arts, entertainment, and recreation (NAICS 71) and accommodations and food services (NAICS 72).
2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Gross domestic product | 0.9 | 6.5 | 3.6 | −3.7 | 0.7 | 2.0 | 0.4 | 2.3 | 0.1 | 2.1 | 1.7 | 1.8 | 0.8 | 0.2 | 0.9 | −0.9 |
Private industries | 0.5 | 9.8 | 4.8 | −5.6 | 0.0 | 2.3 | −1.8 | 1.4 | −0.9 | 4.2 | 2.0 | 2.5 | 0.5 | 1.6 | 1.7 | 0.3 |
Construction | 69.9 | −18.4 | −25.8 | 2.9 | 45.9 | 18.4 | 0.0 | 11.6 | −8.0 | 5.9 | 8.7 | 2.1 | −11.0 | −11.9 | −0.6 | 1.8 |
Wholesale and retail trade1 | 12.4 | 8.8 | 0.7 | −5.5 | −3.7 | 7.0 | −7.7 | 5.3 | 1.4 | 4.8 | −4.2 | 2.0 | 3.5 | 4.0 | 3.4 | −0.2 |
Accommodations, food services, and amusements2 | −6.6 | 17.3 | −2.5 | −4.8 | −1.9 | 1.9 | −3.6 | 7.1 | 4.1 | 2.9 | 9.7 | 10.6 | 4.2 | 6.8 | 2.7 | 0.4 |
Other private | −8.5 | 13.8 | 13.0 | −6.8 | −4.1 | −1.8 | 0.1 | −3.4 | −1.3 | 4.1 | 0.3 | 0.2 | 1.3 | 2.1 | 1.3 | 0.2 |
Government | 1.5 | 1.3 | 1.8 | −0.3 | 1.9 | 1.6 | 4.0 | 3.5 | 1.5 | −0.8 | 1.2 | 0.8 | 1.3 | −1.9 | −0.4 | −2.9 |
Federal | 5.6 | 3.3 | 6.3 | 0.1 | 2.6 | 3.6 | 8.2 | 2.6 | 1.0 | −1.4 | 0.3 | 0.3 | 1.3 | −3.5 | −1.8 | −1.9 |
Territorial | −2.8 | −1.1 | −3.9 | −0.9 | 0.8 | −1.4 | −2.1 | 5.0 | 2.2 | 0.1 | 2.4 | 1.4 | 1.2 | 0.3 | 1.3 | −4.1 |
- Previously labeled “distributive services.”
- Previously labeled “accommodations and amusement.” Includes arts, entertainment, and recreation (NAICS 71) and accommodations and food services (NAICS 72).
2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Percent change: | ||||||||||||||||
Gross domestic product | 0.9 | 6.5 | 3.6 | −3.7 | 0.7 | 2.0 | 0.4 | 2.3 | 0.1 | 2.1 | 1.7 | 1.8 | 0.8 | 0.2 | 0.9 | −0.9 |
Percentage points: | ||||||||||||||||
Private industries | 0.32 | 5.99 | 2.96 | −3.54 | 0.00 | 1.42 | −1.08 | 0.84 | −0.54 | 2.48 | 1.22 | 1.50 | 0.31 | 0.94 | 1.06 | 0.21 |
Construction | 2.80 | −1.24 | −1.39 | 0.12 | 2.08 | 1.19 | 0.00 | 0.85 | −0.64 | 0.43 | 0.66 | 0.17 | −0.91 | −0.87 | −0.04 | 0.12 |
Wholesale and retail trade1 | 1.31 | 1.00 | 0.08 | −0.61 | −0.39 | 0.68 | −0.79 | 0.51 | 0.15 | 0.49 | −0.44 | 0.19 | 0.35 | 0.40 | 0.35 | −0.02 |
Accommodations, food services, and amusements2 | −0.73 | 1.69 | −0.26 | −0.47 | −0.18 | 0.17 | −0.33 | 0.62 | 0.37 | 0.26 | 0.89 | 1.06 | 0.45 | 0.76 | 0.32 | 0.05 |
Other private | −3.06 | 4.54 | 4.55 | −2.58 | −1.51 | −0.63 | 0.04 | −1.14 | −0.41 | 1.30 | 0.11 | 0.07 | 0.42 | 0.65 | 0.42 | 0.07 |
Government | 0.57 | 0.50 | 0.67 | −0.12 | 0.73 | 0.61 | 1.53 | 1.42 | 0.61 | −0.34 | 0.46 | 0.31 | 0.50 | −0.75 | −0.17 | −1.11 |
Federal | 1.09 | 0.71 | 1.32 | 0.02 | 0.60 | 0.84 | 1.87 | 0.63 | 0.25 | −0.35 | 0.07 | 0.08 | 0.30 | −0.81 | −0.40 | −0.40 |
Territorial | −0.52 | −0.20 | −0.65 | −0.14 | 0.13 | −0.22 | −0.33 | 0.78 | 0.36 | 0.01 | 0.39 | 0.23 | 0.21 | 0.06 | 0.23 | −0.71 |
- Previously labeled “distributive services.”
- Previously labeled “accommodations and amusement.” Includes arts, entertainment, and recreation (NAICS 71) and accommodations and food services (NAICS 72).
Note. Percentage-point contributions do not sum to the percent change in real gross domestic product (GDP) because of rounding and differences in source data used to estimate GDP by industry and the expenditures measure of real GDP.
2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total compensation | 1,905 | 2,095 | 2,134 | 2,216 | 2,283 | 2,412 | 2,542 | 2,668 | 2,811 | 2,863 | 2,909 | 2,970 | 3,098 | 3,239 | 3,264 | 3,335 | 3,379 |
Private industries | 931 | 1,030 | 1,054 | 1,068 | 1,101 | 1,173 | 1,242 | 1,288 | 1,344 | 1,340 | 1,391 | 1,420 | 1,494 | 1,573 | 1,639 | 1,722 | 1,755 |
Construction | 60 | 112 | 109 | 96 | 110 | 135 | 155 | 171 | 192 | 183 | 186 | 213 | 227 | 213 | 193 | 193 | 208 |
Wholesale and retail trade1 | 197 | 227 | 241 | 242 | 247 | 245 | 260 | 255 | 270 | 278 | 298 | 294 | 307 | 330 | 350 | 367 | 367 |
Accommodations, food services, and amusements2 | 207 | 187 | 209 | 201 | 202 | 203 | 212 | 217 | 227 | 231 | 243 | 260 | 278 | 306 | 328 | 339 | 344 |
Other private | 466 | 504 | 494 | 529 | 542 | 590 | 614 | 644 | 655 | 649 | 664 | 653 | 681 | 724 | 767 | 823 | 836 |
Government | 974 | 1,065 | 1,081 | 1,148 | 1,183 | 1,239 | 1,301 | 1,381 | 1,467 | 1,523 | 1,518 | 1,550 | 1,604 | 1,666 | 1,625 | 1,613 | 1,624 |
Federal | 471 | 555 | 573 | 622 | 629 | 657 | 706 | 760 | 814 | 847 | 843 | 844 | 866 | 902 | 864 | 857 | 874 |
Territorial | 503 | 511 | 507 | 526 | 554 | 582 | 594 | 621 | 653 | 676 | 675 | 706 | 738 | 764 | 760 | 755 | 750 |
- Previously labeled “distributive services.”
- Previously labeled “accommodations and amusement.” Includes arts, entertainment, and recreation (NAICS 71) and accommodations and food services (NAICS 72).
Note. Detail may not add to total because of rounding.
U.S. Virgin Islands (USVI)
Real GDP increased 2.2 percent in 2019 (table D.1.3).
- The growth in the USVI economy reflected increases in private fixed investment, exports, and consumer spending (table D.1.4).
- Private fixed investment doubled from the previous year. A refinery and oil storage facility on St. Croix invested in major capital improvements during 2019. Additionally, disaster-related insurance payouts and federal assistance supported the reconstruction of homes and businesses that were destroyed or heavily damaged in 2017 by Hurricanes Irma and Maria.
- Exports of services increased in 2019. This reflected an increase in visitor arrivals, as reported by the USVI government.
- Consumer spending increased, reflecting growth in household purchases of goods, including motor vehicles and food and services, such as health care.
New estimates of GDP by industry and compensation by industry for 2018 were also included in the 2019 GDP news releases for each territory. These estimates, along with GDP for 2019, are presented in detail in the accompanying tables.5
2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Gross domestic product | 3,262 | 3,443 | 3,797 | 4,428 | 4,484 | 4,784 | 4,244 | 4,201 | 4,324 | 4,223 | 4,089 | 3,738 | 3,565 | 3,663 | 3,798 | 3,794 | 3,900 | 4,068 |
Personal consumption expenditures |
1,651 | 1,738 | 1,872 | 2,096 | 2,280 | 2,280 | 2,311 | 2,368 | 2,428 | 2,524 | 2,528 | 2,515 | 2,493 | 2,564 | 2,582 | 2,578 | 2,657 | 2,851 |
Goods | 977 | 997 | 1,113 | 1,257 | 1,392 | 1,319 | 1,262 | 1,215 | 1,205 | 1,233 | 1,206 | 1,195 | 1,198 | 1,199 | 1,198 | 1,087 | 1,176 | 1,286 |
Durable goods | 672 | 688 | 766 | 874 | 945 | 822 | 741 | 688 | 664 | 677 | 666 | 723 | 737 | 731 | 747 | 607 | 694 | 795 |
Nondurable goods | 305 | 309 | 347 | 383 | 447 | 497 | 520 | 527 | 541 | 556 | 540 | 472 | 462 | 468 | 451 | 479 | 482 | 491 |
Foods, feeds, and beverages | 193 | 192 | 220 | 229 | 243 | 258 | 264 | 277 | 288 | 305 | 322 | 319 | 324 | 332 | 322 | 327 | 332 | 360 |
Other nondurable goods | 112 | 117 | 126 | 154 | 204 | 239 | 257 | 250 | 253 | 251 | 219 | 153 | 138 | 136 | 129 | 153 | 150 | 131 |
Services | 1,552 | 1,665 | 1,753 | 1,891 | 1,964 | 2,075 | 2,184 | 2,156 | 2,233 | 2,323 | 2,402 | 2,437 | 2,455 | 2,554 | 2,577 | 2,468 | 2,304 | 2,593 |
Housing and utilities | 407 | 432 | 461 | 498 | 526 | 587 | 632 | 653 | 655 | 710 | 745 | 789 | 791 | 829 | 826 | 829 | 862 | 869 |
Health care | 121 | 131 | 150 | 163 | 175 | 189 | 216 | 231 | 243 | 268 | 288 | 292 | 285 | 305 | 315 | 293 | 253 | 292 |
Food services and accommodations | 389 | 428 | 459 | 491 | 510 | 515 | 538 | 507 | 542 | 551 | 568 | 577 | 599 | 623 | 623 | 566 | 374 | 533 |
Other services | 636 | 674 | 682 | 739 | 753 | 784 | 797 | 764 | 792 | 793 | 801 | 780 | 780 | 797 | 814 | 780 | 814 | 899 |
Net foreign travel | −878 | −925 | −994 | −1,052 | −1,077 | −1,114 | −1,135 | −1,004 | −1,011 | −1,032 | −1,080 | −1,117 | −1,160 | −1,188 | −1,193 | −976 | −823 | −1,028 |
Private fixed investment | 516 | 399 | 461 | 578 | 633 | 569 | 521 | 437 | 411 | 390 | 292 | 298 | 300 | 286 | 274 | 303 | 480 | 999 |
Change in private inventories | −73 | 27 | 33 | −5 | −30 | −540 | 180 | 210 | −267 | 104 | 114 | 149 | −6 | −168 | 625 | 878 | 1,168 | 671 |
Net exports of goods and services | 381 | 542 | 685 | 983 | 703 | 1,474 | 190 | 76 | 534 | 58 | 129 | −267 | −269 | −54 | −730 | −1,178 | −2,064 | −1,909 |
Exports | 4,809 | 6,520 | 8,604 | 11,632 | 12,730 | 14,141 | 18,412 | 10,717 | 12,945 | 14,371 | 3,278 | 2,525 | 2,794 | 1,525 | 1,786 | 2,403 | 2,085 | 2,203 |
Goods | 3,911 | 5,575 | 7,587 | 10,556 | 11,628 | 13,002 | 17,255 | 9,696 | 11,922 | 13,329 | 2,186 | 1,395 | 1,623 | 329 | 585 | 1,418 | 1,252 | 1,167 |
Services | 898 | 945 | 1,017 | 1,076 | 1,102 | 1,139 | 1,157 | 1,021 | 1,023 | 1,043 | 1,091 | 1,130 | 1,171 | 1,196 | 1,201 | 985 | 833 | 1,036 |
Imports | 4,428 | 5,977 | 7,919 | 10,650 | 12,027 | 12,667 | 18,222 | 10,641 | 12,411 | 14,313 | 3,149 | 2,792 | 3,063 | 1,580 | 2,517 | 3,580 | 4,149 | 4,112 |
Goods | 4,140 | 5,651 | 7,547 | 10,243 | 11,615 | 12,251 | 17,861 | 10,310 | 12,067 | 13,943 | 2,932 | 2,570 | 2,843 | 1,367 | 2,291 | 3,268 | 3,680 | 3,650 |
Services | 288 | 326 | 372 | 407 | 412 | 415 | 361 | 331 | 343 | 371 | 217 | 222 | 220 | 213 | 226 | 313 | 468 | 462 |
Government consumption expenditures and gross investment |
788 | 737 | 746 | 777 | 898 | 1,000 | 1,043 | 1,110 | 1,218 | 1,147 | 1,026 | 1,043 | 1,048 | 1,035 | 1,048 | 1,212 | 1,659 | 1,456 |
Federal | 77 | 92 | 104 | 107 | 110 | 115 | 121 | 136 | 175 | 166 | 161 | 159 | 141 | 150 | 147 | 208 | 242 | 189 |
Territorial | 711 | 645 | 641 | 670 | 789 | 885 | 922 | 974 | 1,043 | 981 | 865 | 884 | 907 | 884 | 901 | 1,004 | 1,417 | 1,267p |
- (p)
- Fiscal year 2019 audited financial statements for the primary government and various independent agencies were not available in time for incorporation into these estimates. Preliminary estimates of territorial government spending are based on information collected from budget documents, unaudited operating and financial statements, reports on federal grant expenditures, including disaster assistance grants, and the USVI government's Open Finance website.
Note. Detail may not add to total because of rounding.
2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Gross domestic product (GDP) | 4,797 | 4,778 | 4,935 | 5,107 | 5,286 | 5,498 | 5,565 | 5,198 | 5,229 | 4,800 | 4,089 | 3,832 | 3,764 | 3,748 | 3,808 | 3,780 | 3,840 | 3,925 |
Personal consumption expenditures |
2,295 | 2,352 | 2,455 | 2,646 | 2,807 | 2,660 | 2,545 | 2,606 | 2,637 | 2,614 | 2,528 | 2,454 | 2,427 | 2,479 | 2,472 | 2,417 | 2,431 | 2,571 |
Goods | 1,293 | 1,331 | 1,481 | 1,641 | 1,758 | 1,597 | 1,418 | 1,358 | 1,322 | 1,271 | 1,206 | 1,194 | 1,211 | 1,229 | 1,212 | 1,075 | 1,145 | 1,239 |
Durable goods | 824 | 864 | 965 | 1,098 | 1,170 | 974 | 821 | 747 | 715 | 687 | 666 | 724 | 760 | 770 | 759 | 611 | 700 | 801 |
Nondurable goods | 469 | 463 | 512 | 533 | 579 | 618 | 595 | 610 | 607 | 584 | 540 | 470 | 452 | 460 | 454 | 464 | 447 | 444 |
Foods, feeds, and beverages | 269 | 264 | 298 | 297 | 296 | 307 | 295 | 307 | 318 | 324 | 322 | 309 | 304 | 299 | 293 | 285 | 281 | 291 |
Other nondurable goods | 196 | 196 | 208 | 233 | 282 | 313 | 301 | 304 | 289 | 260 | 219 | 160 | 146 | 161 | 162 | 186 | 170 | 153 |
Services | 2,137 | 2,201 | 2,248 | 2,326 | 2,348 | 2,359 | 2,370 | 2,328 | 2,381 | 2,397 | 2,402 | 2,367 | 2,366 | 2,421 | 2,427 | 2,287 | 2,090 | 2,316 |
Housing and utilities | 652 | 660 | 680 | 709 | 747 | 751 | 727 | 759 | 752 | 758 | 745 | 744 | 752 | 770 | 770 | 758 | 771 | 767 |
Health care | 166 | 168 | 182 | 191 | 200 | 207 | 229 | 239 | 248 | 271 | 288 | 289 | 281 | 299 | 307 | 282 | 243 | 279 |
Food services and accommodations | 508 | 549 | 566 | 585 | 586 | 566 | 580 | 542 | 572 | 567 | 568 | 565 | 572 | 579 | 575 | 511 | 331 | 457 |
Other services | 806 | 816 | 814 | 837 | 818 | 836 | 834 | 790 | 810 | 802 | 801 | 769 | 761 | 773 | 774 | 735 | 749 | 815 |
Net foreign travel | −1,129 | −1,173 | −1,264 | −1,308 | −1,283 | −1,285 | −1,238 | −1,078 | −1,066 | −1,055 | −1,080 | −1,107 | −1,151 | −1,172 | −1,168 | −946 | −793 | −979 |
Private fixed investment | 686 | 517 | 571 | 673 | 696 | 603 | 538 | 452 | 425 | 394 | 292 | 293 | 289 | 274 | 261 | 284 | 437 | 876 |
Change in private inventories | −311 | 95 | 89 | −10 | −49 | −797 | 203 | 385 | −380 | 108 | 114 | 150 | −7 | −313 | 1,342 | 1,557 | 1,737 | 1,046 |
Net exports of goods and services | 1,386 | 1,562 | 1,492 | 1,355 | 1,337 | 2,542 | 1,860 | 1,124 | 1,736 | 840 | 129 | −89 | 94 | 159 | −708 | −921 | −1,674 | −1,482 |
Exports | 17,456 | 20,353 | 21,678 | 21,851 | 20,717 | 20,793 | 21,097 | 18,996 | 18,218 | 15,171 | 3,278 | 2,741 | 3,228 | 2,063 | 2,485 | 3,133 | 2,496 | 2,710 |
Goods | 16,274 | 19,422 | 20,650 | 20,754 | 19,610 | 19,688 | 20,062 | 18,115 | 17,332 | 14,231 | 2,186 | 1,608 | 2,084 | 614 | 1,214 | 2,597 | 1,996 | 1,970 |
Services | 1,160 | 1,202 | 1,295 | 1,338 | 1,314 | 1,314 | 1,261 | 1,097 | 1,079 | 1,066 | 1,091 | 1,119 | 1,161 | 1,180 | 1,177 | 955 | 803 | 987 |
Imports | 16,070 | 18,791 | 20,185 | 20,496 | 19,380 | 18,251 | 19,238 | 17,872 | 16,482 | 14,331 | 3,149 | 2,830 | 3,134 | 1,903 | 3,192 | 4,054 | 4,169 | 4,192 |
Goods | 15,606 | 18,360 | 19,723 | 20,015 | 18,905 | 17,765 | 18,846 | 17,495 | 16,091 | 13,960 | 2,932 | 2,611 | 2,925 | 1,686 | 2,990 | 3,780 | 3,758 | 3,816 |
Services | 433 | 460 | 495 | 509 | 495 | 496 | 411 | 393 | 396 | 373 | 217 | 219 | 211 | 202 | 216 | 287 | 403 | 374 |
Government consumption expenditures and gross investment |
1,029 | 918 | 938 | 941 | 986 | 1,075 | 1,086 | 1,141 | 1,199 | 1,129 | 1,026 | 1,011 | 983 | 962 | 956 | 1,079 | 1,418 | 1,200 |
Federal | 113 | 124 | 135 | 130 | 127 | 128 | 131 | 146 | 182 | 167 | 161 | 157 | 137 | 144 | 139 | 191 | 214 | 163 |
Territorial | 912 | 792 | 803 | 810 | 857 | 945 | 953 | 993 | 1,017 | 961 | 865 | 854 | 846 | 818 | 817 | 889 | 1,204 | 1,036p |
Addenda: | ||||||||||||||||||
Population (thousands)1 | 110.0 | 110.7 | 111.5 | 111.5 | 113.7 | 114.7 | 115.9 | 107.3 | 106.4 | 105.9 | 105.4 | 105.3 | 105.1 | 104.9 | 104.7 | 104.5 | 104.2 | 103.9 |
Per capita real GDP (chained dollars) | 43,609 | 43,162 | 44,260 | 45,803 | 46,491 | 47,934 | 48,016 | 48,444 | 49,145 | 45,326 | 38,795 | 36,391 | 35,814 | 35,729 | 36,371 | 36,172 | 36,852 | 37,777 |
- (p)
- Fiscal year 2019 audited financial statements for the primary government and various independent agencies were not available in time for incorporation into these estimates. Preliminary estimates of territorial government spending are based on information collected from budget documents, unaudited operating and financial statements, reports on federal grant expenditures, including disaster assistance grants, and the USVI government's Open Finance website.
- Bureau of Economic Analysis estimates based on data from the U.S. Virgin Islands Bureau of Economic Research and the U.S. Census Bureau.
2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Gross domestic product | −0.4 | 3.3 | 3.5 | 3.5 | 4.0 | 1.2 | −6.6 | 0.6 | −8.2 | −14.8 | −6.3 | −1.8 | −0.4 | 1.6 | −0.7 | 1.6 | 2.2 |
Personal consumption expenditures |
2.5 | 4.4 | 7.8 | 6.1 | −5.2 | −4.3 | 2.4 | 1.2 | −0.9 | −3.3 | −2.9 | −1.1 | 2.1 | −0.3 | −2.2 | 0.6 | 5.8 |
Goods | 2.9 | 11.3 | 10.8 | 7.1 | −9.1 | −11.2 | −4.2 | −2.6 | −3.9 | −5.1 | −1.0 | 1.4 | 1.5 | −1.4 | −11.3 | 6.4 | 8.3 |
Durable goods | 4.9 | 11.6 | 13.9 | 6.5 | −16.7 | −15.8 | −9.0 | −4.3 | −3.9 | −3.1 | 8.8 | 4.9 | 1.4 | −1.4 | −19.6 | 14.6 | 14.5 |
Nondurable goods | −1.3 | 10.4 | 4.2 | 8.5 | 6.9 | −3.8 | 2.6 | −0.5 | −3.8 | −7.5 | −13.0 | −3.8 | 1.6 | −1.3 | 2.3 | −3.7 | −0.6 |
Foods, feeds, and beverages | −1.9 | 12.9 | −0.3 | −0.3 | 3.6 | −3.8 | 4.0 | 3.6 | 1.9 | −0.6 | −4.0 | −1.5 | −1.8 | −1.9 | −2.7 | −1.4 | 3.5 |
Other nondurable goods | −0.1 | 6.3 | 11.8 | 21.5 | 10.7 | −3.8 | 1.2 | −5.0 | −10.0 | −15.9 | −26.8 | −8.7 | 10.2 | 0.3 | 14.8 | −8.3 | −10.0 |
Services | 3.0 | 2.2 | 3.5 | 0.9 | 0.5 | 0.5 | −1.8 | 2.3 | 0.7 | 0.2 | −1.4 | −0.1 | 2.3 | 0.2 | −5.8 | −8.6 | 10.8 |
Housing and utilities | 1.2 | 3.1 | 4.3 | 5.3 | 0.6 | −3.3 | 4.5 | −1.0 | 0.8 | −1.7 | −0.1 | 1.0 | 2.4 | 0.0 | −1.5 | 1.7 | −0.5 |
Health care | 1.3 | 8.2 | 4.7 | 4.8 | 3.4 | 10.9 | 4.4 | 3.8 | 9.1 | 6.4 | 0.4 | −2.8 | 6.6 | 2.7 | −8.1 | −14.0 | 14.8 |
Food services and accommodations | 8.1 | 3.1 | 3.3 | 0.1 | −3.3 | 2.4 | −6.5 | 5.5 | −0.8 | 0.2 | −0.7 | 1.3 | 1.2 | −0.7 | −11.1 | −35.3 | 38.4 |
Other services | 1.3 | −0.3 | 2.8 | −2.2 | 2.2 | −0.3 | −5.2 | 2.5 | −1.0 | −0.2 | −4.0 | −1.1 | 1.6 | 0.2 | −5.1 | 1.9 | 8.8 |
Net foreign travel | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... |
Private fixed investment | −24.6 | 10.4 | 18.0 | 3.4 | −13.4 | −10.8 | −16.1 | −6.0 | −7.1 | −25.9 | 0.2 | −1.3 | −5.0 | −4.7 | 8.7 | 53.6 | 100.6 |
Change in private inventories | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... |
Net exports of goods and services | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... | ...... |
Exports | 16.6 | 6.5 | 0.8 | −5.2 | 0.4 | 1.5 | −10.0 | −4.1 | −16.7 | −78.4 | −16.4 | 17.8 | −36.1 | 20.5 | 26.1 | −20.3 | 8.6 |
Goods | 19.3 | 6.3 | 0.5 | −5.5 | 0.4 | 1.9 | −9.7 | −4.3 | −17.9 | −84.6 | −26.5 | 29.7 | −70.6 | 97.9 | 113.9 | −23.2 | −1.3 |
Services | 3.6 | 7.7 | 3.3 | −1.8 | 0.0 | −4.0 | −13.0 | −1.6 | −1.3 | 2.4 | 2.6 | 3.7 | 1.7 | −0.3 | −18.8 | −16.0 | 23.0 |
Imports | 16.9 | 7.4 | 1.5 | −5.4 | −5.8 | 5.4 | −7.1 | −7.8 | −13.1 | −78.0 | −10.1 | 10.7 | −39.3 | 67.7 | 27.0 | 2.8 | 0.6 |
Goods | 17.7 | 7.4 | 1.5 | −5.5 | −6.0 | 6.1 | −7.2 | −8.0 | −13.2 | −79.0 | −10.9 | 12.0 | −42.3 | 77.4 | 26.4 | −0.6 | 1.6 |
Services | 6.1 | 7.5 | 2.9 | −2.6 | 0.2 | −17.3 | −4.3 | 0.7 | −5.8 | −41.9 | 0.8 | −3.7 | −3.9 | 6.9 | 32.9 | 40.2 | −7.1 |
Government consumption expenditures and gross investment |
−10.8 | 2.3 | 0.3 | 4.8 | 9.1 | 1.0 | 5.1 | 5.1 | −5.9 | −9.1 | −1.4 | −2.7 | −2.2 | −0.6 | 12.9 | 31.4 | −15.4 |
Federal | 10.5 | 8.2 | −3.5 | −1.8 | 0.6 | 2.1 | 11.7 | 24.8 | −8.4 | −3.8 | −2.1 | −13.1 | 5.1 | −3.6 | 37.7 | 12.4 | −24.0 |
Territorial | −13.1 | 1.4 | 0.9 | 5.8 | 10.3 | 0.8 | 4.2 | 2.4 | −5.5 | −10.0 | −1.3 | −0.9 | −3.4 | 0.0 | 8.8 | 35.4 | -13.9p |
- (p)
- Fiscal year 2019 audited financial statements for the primary government and various independent agencies were not available in time for incorporation into these estimates. Preliminary estimates of territorial government spending are based on information collected from budget documents, unaudited operating and financial statements, reports on federal grant expenditures, including disaster assistance grants, and the USVI government's Open Finance website.
2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Percent change: | |||||||||||||||||
Gross domestic product | −0.4 | 3.3 | 3.5 | 3.5 | 4.0 | 1.2 | −6.6 | 0.6 | −8.2 | −14.8 | −6.3 | −1.8 | −0.4 | 1.6 | −0.7 | 1.6 | 2.2 |
Percentage points: | |||||||||||||||||
Personal consumption expenditures |
1.25 | 2.19 | 3.74 | 2.95 | −2.70 | −2.29 | 1.26 | 0.68 | −0.48 | −1.80 | −1.85 | −0.77 | 1.50 | −0.18 | −1.53 | 0.38 | 3.93 |
Goods | 0.85 | 3.18 | 3.05 | 2.08 | −2.86 | −3.47 | −1.23 | −0.76 | −1.06 | −1.37 | −0.30 | 0.46 | 0.49 | −0.45 | −3.59 | 1.85 | 2.48 |
Durable goods | 0.97 | 2.27 | 2.67 | 1.31 | −3.55 | −3.02 | −1.54 | −0.70 | −0.60 | −0.45 | 1.44 | 0.95 | 0.29 | −0.29 | −3.86 | 2.32 | 2.56 |
Nondurable goods | −0.12 | 0.92 | 0.38 | 0.78 | 0.69 | −0.44 | 0.31 | −0.07 | −0.47 | −0.91 | −1.74 | −0.49 | 0.21 | −0.16 | 0.28 | −0.47 | −0.07 |
Foods, feeds, and beverages | −0.11 | 0.71 | −0.02 | −0.02 | 0.20 | −0.23 | 0.24 | 0.24 | 0.12 | −0.04 | −0.32 | −0.13 | −0.17 | −0.17 | −0.24 | −0.12 | 0.30 |
Other nondurable goods | 0.00 | 0.21 | 0.39 | 0.79 | 0.49 | −0.22 | 0.07 | −0.30 | −0.59 | −0.87 | −1.42 | −0.36 | 0.37 | 0.01 | 0.51 | −0.34 | −0.38 |
Services | 1.41 | 1.03 | 1.57 | 0.40 | 0.20 | 0.23 | −0.89 | 1.17 | 0.34 | 0.10 | −0.87 | −0.04 | 1.61 | 0.16 | −3.93 | −5.62 | 6.39 |
Housing and utilities | 0.15 | 0.39 | 0.50 | 0.60 | 0.07 | −0.46 | 0.64 | −0.15 | 0.13 | −0.27 | −0.02 | 0.20 | 0.54 | 0.00 | −0.33 | 0.38 | −0.11 |
Health care | 0.05 | 0.31 | 0.18 | 0.18 | 0.13 | 0.47 | 0.22 | 0.21 | 0.49 | 0.37 | 0.03 | −0.22 | 0.52 | 0.22 | −0.68 | −1.08 | 0.95 |
Food services and accommodations | 0.95 | 0.39 | 0.39 | 0.01 | −0.38 | 0.28 | −0.80 | 0.66 | −0.10 | 0.03 | −0.09 | 0.20 | 0.20 | −0.11 | −1.83 | −5.31 | 3.71 |
Other services | 0.26 | −0.06 | 0.49 | −0.39 | 0.37 | −0.06 | −0.95 | 0.46 | −0.18 | −0.03 | −0.79 | −0.22 | 0.35 | 0.05 | −1.09 | 0.38 | 1.84 |
Net foreign travel | −1.02 | −2.03 | −0.88 | 0.46 | −0.04 | 0.95 | 3.37 | 0.27 | 0.24 | −0.54 | −0.68 | −1.19 | −0.61 | 0.11 | 5.99 | 4.15 | −4.94 |
Private fixed investment | −3.84 | 1.20 | 2.13 | 0.47 | −1.90 | −1.39 | −1.92 | −0.61 | −0.65 | −2.18 | 0.02 | −0.11 | −0.42 | −0.37 | 0.63 | 4.33 | 12.52 |
Change in private inventories | 3.15 | −0.05 | −1.09 | −0.51 | −10.56 | 17.65 | 2.99 | −11.22 | 8.96 | 0.12 | 0.89 | −3.89 | −5.91 | 22.16 | 2.91 | 2.91 | −11.55 |
Net exports of goods and services | 1.64 | −0.52 | −1.35 | −0.29 | 17.37 | −12.98 | −10.16 | 10.39 | −14.45 | −8.72 | −4.97 | 3.78 | 5.06 | −19.87 | −6.32 | −16.24 | 3.91 |
Exports | 25.74 | 13.41 | 1.97 | −14.90 | 1.08 | 5.41 | −34.56 | −11.67 | −55.90 | −247.28 | −12.77 | 11.84 | −25.42 | 8.39 | 12.54 | −13.44 | 4.49 |
Goods | 24.75 | 11.34 | 1.12 | −14.44 | 1.08 | 6.47 | −31.11 | −11.27 | −55.61 | −247.82 | −13.47 | 10.72 | −25.96 | 8.48 | 18.51 | −9.30 | −0.40 |
Services | 0.99 | 2.07 | 0.86 | −0.46 | 0.00 | −1.06 | −3.45 | −0.40 | −0.29 | 0.54 | 0.70 | 1.13 | 0.55 | −0.09 | −5.97 | −4.14 | 4.90 |
Imports | −24.09 | −13.93 | −3.33 | 14.61 | 16.29 | −18.39 | 24.41 | 22.06 | 41.45 | 238.56 | 7.80 | −8.06 | 30.47 | −28.26 | −18.86 | −2.81 | −0.58 |
Goods | −23.55 | −13.22 | −3.05 | 14.36 | 16.31 | −20.04 | 24.06 | 22.12 | 40.98 | 235.22 | 7.85 | −8.28 | 30.23 | −27.86 | −16.87 | 0.60 | −1.45 |
Services | −0.55 | −0.71 | −0.28 | 0.25 | −0.02 | 1.65 | 0.35 | −0.06 | 0.47 | 3.34 | −0.05 | 0.22 | 0.24 | −0.39 | −1.99 | −3.41 | 0.87 |
Government consumption expenditures and gross investment |
−2.60 | 0.47 | 0.05 | 0.89 | 1.81 | 0.22 | 1.22 | 1.37 | −1.59 | −2.23 | −0.37 | −0.79 | −0.65 | −0.15 | 3.58 | 10.20 | −6.62 |
Federal | 0.25 | 0.22 | −0.09 | −0.05 | 0.01 | 0.05 | 0.33 | 0.80 | −0.33 | −0.14 | −0.08 | −0.57 | 0.20 | −0.15 | 1.48 | 0.69 | −1.50 |
Territorial | −2.85 | 0.25 | 0.15 | 0.94 | 1.80 | 0.17 | 0.89 | 0.56 | −1.26 | −2.09 | −0.28 | −0.22 | −0.85 | −0.01 | 2.11 | 9.51 | -5.12p |
- (p)
- Fiscal year 2019 audited financial statements for the primary government and various independent agencies were not available in time for incorporation into these estimates. Preliminary estimates of territorial government spending are based on information collected from budget documents, unaudited operating and financial statements, reports on federal grant expenditures, including disaster assistance grants, and the USVI government's Open Finance website.
2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Gross domestic product | 5.9 | 6.8 | 12.7 | −2.2 | 2.6 | −12.3 | 6.0 | 2.3 | 6.4 | 13.7 | −2.5 | −2.9 | 3.2 | 2.1 | 0.6 | 1.2 | 2.1 |
Personal consumption expenditures |
2.7 | 3.2 | 3.8 | 2.6 | 5.5 | 5.9 | 0.1 | 1.3 | 4.9 | 3.6 | 2.5 | 0.3 | 0.7 | 0.9 | 2.1 | 2.5 | 1.4 |
2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Percent change: | ||||||||||||||||
Revised | −0.4 | 3.3 | 3.5 | 3.5 | 4.0 | 1.2 | −6.6 | 0.6 | −8.2 | −14.8 | −6.3 | −1.8 | −0.4 | 1.6 | −0.7 | 1.6 |
Previously published | −0.3 | 2.9 | 3.6 | 3.6 | 4.0 | 0.9 | −6.6 | 0.9 | −8.2 | −15.0 | −5.8 | −0.9 | 0.3 | 1.2 | −0.6 | 1.5 |
Percentage points: | ||||||||||||||||
Revision | −0.1 | 0.4 | −0.1 | −0.1 | 0.0 | 0.3 | 0.0 | −0.3 | 0.0 | 0.2 | −0.5 | −0.9 | −0.7 | 0.4 | −0.1 | 0.1 |
2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Gross domestic product | 3,262 | 3,443 | 3,797 | 4,428 | 4,484 | 4,784 | 4,244 | 4,201 | 4,324 | 4,223 | 4,089 | 3,738 | 3,565 | 3,663 | 3,798 | 3,794 | 3,900 |
Private industries | 2,647 | 2,755 | 3,125 | 3,743 | 3,716 | 4,004 | 3,441 | 3,378 | 3,452 | 3,388 | 3,330 | 2,986 | 2,815 | 2,865 | 2,973 | 3,008 | 3,191 |
Goods-producing industries | 705 | 721 | 1,015 | 1,473 | 1,430 | 1,471 | 991 | 1,046 | 1,025 | 944 | 823 | 556 | 448 | 386 | 336 | 373 | 662 |
Services-producing industries | 1,943 | 2,034 | 2,110 | 2,269 | 2,286 | 2,533 | 2,450 | 2,332 | 2,426 | 2,443 | 2,507 | 2,430 | 2,367 | 2,479 | 2,638 | 2,635 | 2,529 |
Wholesale and retail trade | 350 | 342 | 362 | 403 | 418 | 449 | 435 | 408 | 413 | 422 | 411 | 411 | 405 | 398 | 394 | 381 | 380 |
Accommodation and food services | 267 | 284 | 308 | 325 | 330 | 405 | 424 | 400 | 428 | 436 | 450 | 454 | 470 | 486 | 483 | 436 | 288 |
Other services, except government | 1,326 | 1,408 | 1,441 | 1,542 | 1,538 | 1,678 | 1,591 | 1,524 | 1,585 | 1,585 | 1,646 | 1,565 | 1,493 | 1,596 | 1,760 | 1,818 | 1,861 |
Government | 615 | 688 | 672 | 686 | 768 | 779 | 803 | 823 | 872 | 835 | 759 | 752 | 750 | 797 | 825 | 786 | 709 |
Federal | 83 | 92 | 108 | 112 | 117 | 120 | 125 | 130 | 140 | 138 | 138 | 139 | 135 | 144 | 141 | 140 | 146 |
Territorial | 532 | 596 | 564 | 574 | 651 | 659 | 678 | 693 | 732 | 697 | 621 | 613 | 615 | 654 | 684 | 646 | 563 |
Note. Detail may not add to total because of rounding.
2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Gross domestic product | 4,797 | 4,778 | 4,935 | 5,107 | 5,286 | 5,498 | 5,565 | 5,198 | 5,229 | 4,800 | 4,089 | 3,832 | 3,764 | 3,748 | 3,808 | 3,780 | 3,840 |
Private industries | 4,048 | 3,968 | 4,135 | 4,317 | 4,489 | 4,698 | 4,751 | 4,381 | 4,409 | 3,989 | 3,330 | 3,105 | 3,067 | 3,025 | 3,076 | 3,101 | 3,275 |
Goods-producing industries | 1,598 | 1,385 | 1,515 | 1,554 | 1,798 | 1,783 | 2,031 | 1,870 | 1,806 | 1,366 | 823 | 559 | 435 | 363 | 312 | 338 | 583 |
Services-producing industries | 2,560 | 2,622 | 2,679 | 2,825 | 2,751 | 2,973 | 2,834 | 2,616 | 2,681 | 2,608 | 2,507 | 2,548 | 2,646 | 2,685 | 2,796 | 2,792 | 2,680 |
Wholesale and retail trade | 432 | 414 | 424 | 457 | 462 | 492 | 469 | 432 | 433 | 434 | 411 | 407 | 398 | 384 | 383 | 371 | 367 |
Accommodation and food services | 342 | 360 | 380 | 387 | 382 | 450 | 470 | 416 | 445 | 454 | 450 | 441 | 444 | 438 | 428 | 376 | 241 |
Other services, except government | 1,794 | 1,859 | 1,885 | 1,992 | 1,914 | 2,037 | 1,898 | 1,773 | 1,806 | 1,720 | 1,646 | 1,700 | 1,812 | 1,880 | 2,015 | 2,092 | 2,159 |
Government | 775 | 826 | 822 | 820 | 830 | 838 | 845 | 832 | 836 | 811 | 759 | 724 | 694 | 717 | 725 | 680 | 588 |
Federal | 119 | 122 | 137 | 136 | 136 | 134 | 136 | 137 | 143 | 138 | 138 | 137 | 130 | 134 | 131 | 126 | 127 |
Territorial | 656 | 702 | 685 | 683 | 693 | 703 | 708 | 694 | 693 | 673 | 621 | 586 | 563 | 583 | 595 | 553 | 462 |
2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Gross domestic product | −0.4 | 3.3 | 3.5 | 3.5 | 4.0 | 1.2 | −6.6 | 0.6 | −8.2 | −14.8 | −6.3 | −1.8 | −0.4 | 1.6 | −0.7 | 1.6 |
Private industries | −2.0 | 4.2 | 4.4 | 4.0 | 4.7 | 1.1 | −7.8 | 0.6 | −9.5 | −16.5 | −6.8 | −1.2 | −1.4 | 1.7 | 0.8 | 5.6 |
Goods-producing industries | −13.3 | 9.4 | 2.6 | 15.7 | −0.8 | 13.9 | −7.9 | −3.4 | −24.4 | −39.7 | −32.0 | −22.3 | −16.5 | −14.1 | 8.5 | 72.5 |
Services-producing industries | 2.5 | 2.2 | 5.5 | −2.6 | 8.1 | −4.7 | −7.7 | 2.5 | −2.7 | −3.9 | 1.6 | 3.9 | 1.5 | 4.1 | −0.1 | −4.0 |
Wholesale and retail trade | −4.3 | 2.5 | 7.8 | 1.1 | 6.4 | −4.7 | −7.9 | 0.2 | 0.3 | −5.3 | −0.9 | −2.2 | −3.4 | −0.4 | −3.0 | −1.2 |
Accommodation and food services | 5.4 | 5.4 | 1.8 | −1.3 | 17.9 | 4.4 | −11.5 | 7.1 | 2.0 | −0.8 | −2.0 | 0.7 | −1.4 | −2.4 | −12.1 | −35.9 |
Other services, except government | 3.6 | 1.4 | 5.7 | −3.9 | 6.4 | −6.8 | −6.6 | 1.9 | −4.7 | −4.3 | 3.3 | 6.5 | 3.7 | 7.2 | 3.8 | 3.2 |
Government | 6.6 | −0.5 | −0.3 | 1.3 | 0.9 | 0.8 | −1.5 | 0.5 | −3.0 | −6.5 | −4.6 | −4.1 | 3.4 | 1.2 | −6.3 | −13.5 |
Federal | 3.2 | 12.2 | −0.8 | −0.1 | −1.7 | 1.9 | 0.6 | 4.2 | −3.3 | −0.5 | −0.2 | −5.3 | 3.2 | −2.7 | −3.1 | 0.8 |
Territorial | 7.2 | −2.5 | −0.2 | 1.5 | 1.4 | 0.6 | −1.9 | −0.2 | −2.9 | −7.7 | −5.6 | −3.9 | 3.4 | 2.1 | −6.9 | −16.6 |
2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Percent change: | ||||||||||||||||
Gross domestic product | −0.4 | 3.3 | 3.5 | 3.5 | 4.0 | 1.2 | −6.6 | 0.6 | −8.2 | −14.8 | −6.3 | −1.8 | −0.4 | 1.6 | −0.7 | 1.6 |
Percentage points: | ||||||||||||||||
Private industries | −1.60 | 3.41 | 3.66 | 3.31 | 3.86 | 0.95 | −6.32 | 0.51 | −7.68 | −13.69 | −5.47 | −0.96 | −1.08 | 1.30 | 0.65 | 4.43 |
Goods-producing industries | −3.04 | 2.17 | 0.76 | 4.71 | −0.25 | 3.59 | −1.95 | −0.85 | −6.17 | −11.59 | −6.46 | −3.42 | −2.07 | −1.48 | 0.75 | 7.18 |
Services-producing industries | 1.43 | 1.24 | 2.90 | −1.39 | 4.12 | −2.65 | −4.37 | 1.36 | −1.51 | −2.10 | 0.99 | 2.46 | 0.99 | 2.78 | −0.10 | −2.76 |
Wholesale and retail trade | −0.45 | 0.25 | 0.71 | 0.10 | 0.60 | −0.48 | −0.79 | 0.02 | 0.03 | −0.49 | −0.09 | −0.25 | −0.39 | −0.05 | −0.31 | −0.12 |
Accommodation and food services | 0.43 | 0.44 | 0.14 | −0.10 | 1.33 | 0.39 | −1.15 | 0.66 | 0.19 | −0.08 | −0.22 | 0.08 | −0.19 | −0.32 | −1.55 | −4.17 |
Other services, except government | 1.46 | 0.56 | 2.05 | −1.40 | 2.19 | −2.57 | −2.43 | 0.68 | −1.73 | −1.53 | 1.30 | 2.63 | 1.57 | 3.14 | 1.77 | 1.53 |
Government | 1.24 | −0.09 | −0.05 | 0.21 | 0.15 | 0.15 | −0.28 | 0.10 | −0.58 | −1.15 | −0.88 | −0.86 | 0.71 | 0.26 | −1.37 | −2.83 |
Federal | 0.08 | 0.32 | −0.02 | 0.00 | −0.04 | 0.05 | 0.02 | 0.13 | −0.10 | −0.02 | −0.01 | −0.20 | 0.12 | −0.11 | −0.12 | 0.03 |
Territorial | 1.16 | −0.42 | −0.03 | 0.21 | 0.20 | 0.09 | −0.30 | −0.04 | −0.47 | −1.14 | −0.88 | −0.66 | 0.59 | 0.37 | −1.25 | −2.86 |
Note. Percentage-point contributions do not sum to the percent change in real gross domestic product (GDP) because of rounding and differences in source data used to estimate GDP by industry and the expenditures measure of real GDP.
2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total compensation | 1,658 | 1,652 | 1,751 | 1,896 | 2,033 | 2,139 | 2,185 | 2,114 | 2,244 | 2,197 | 2,040 | 1,886 | 1,893 | 1,936 | 1,998 | 2,012 | 2,087 |
Private industries | 1,049 | 1,003 | 1,123 | 1,257 | 1,306 | 1,399 | 1,411 | 1,318 | 1,393 | 1,386 | 1,319 | 1,164 | 1,163 | 1,169 | 1,213 | 1,225 | 1,292 |
Goods-producing industries | 261 | 187 | 223 | 286 | 329 | 369 | 340 | 309 | 317 | 302 | 275 | 110 | 103 | 109 | 108 | 166 | 284 |
Services-producing industries | 788 | 816 | 900 | 971 | 978 | 1,030 | 1,070 | 1,008 | 1,076 | 1,084 | 1,045 | 1,054 | 1,060 | 1,060 | 1,104 | 1,060 | 1,008 |
Wholesale and retail trade | 169 | 172 | 184 | 189 | 191 | 201 | 205 | 197 | 198 | 209 | 209 | 237 | 223 | 213 | 207 | 198 | 197 |
Accommodation and food services | 154 | 167 | 180 | 186 | 190 | 208 | 217 | 191 | 204 | 208 | 212 | 214 | 222 | 243 | 248 | 234 | 128 |
Other services, except government | 464 | 477 | 535 | 596 | 596 | 621 | 649 | 620 | 674 | 668 | 624 | 603 | 616 | 604 | 649 | 627 | 683 |
Government | 609 | 649 | 628 | 639 | 727 | 740 | 774 | 797 | 851 | 811 | 721 | 723 | 730 | 768 | 786 | 787 | 795 |
Federal | 81 | 90 | 106 | 110 | 115 | 118 | 123 | 129 | 139 | 137 | 136 | 136 | 132 | 140 | 138 | 135 | 141 |
Territorial | 528 | 559 | 522 | 529 | 611 | 622 | 651 | 668 | 712 | 674 | 585 | 586 | 598 | 627 | 648 | 651 | 654 |
Note. Detail may not add to total because of rounding.
The assistance and information provided by each of the territorial governments and the support from OIA will continue to be critical to the success of this project. See “Acknowledgments” for a list of key contributors.
In the near term, BEA is collaborating with the territorial governments and OIA to identify statistical improvement opportunities. Advances that support the development of high quality, more timely economic indicators for territorial decisionmakers will also improve the data used in the GDP estimates.
In the long term, BEA's goal is to integrate all of the territories into the full set of U.S. NIPAs. Although the inclusion of the U.S. territories in more federal economic surveys remains a key challenge, a recent achievement by the Bureau was the development and publication of prototype GDP statistics for Puerto Rico; see “Spotlight: Puerto Rico GDP.” With this step, BEA is estimating GDP for all five territories using modern national accounting methods, enabling direct comparisons with other BEA statistics.
The methodologies used to estimate GDP for American Samoa, the Commonwealth of the Northern Mariana Islands, Guam, and the U.S. Virgin Islands are consistent with the methods used to estimate GDP for the United States (excluding the territories). Information from the U.S. Census Bureau Economic Census of Island Areas (ECIA) is used to establish levels of spending for specific components for the benchmark years 2002, 2007, 2012, and 2017. For other years, annual estimates are developed using a combination of data sets collected by BEA from federal agencies, the territorial governments, and private sector sources. These data sets are listed in appendix tables A–D.
The U.S. territories are not included in many federal economic data sources used in national (or state-level) GDP. BEA relies on territorial government data in conjunction with the limited federal data that are available for its annual estimates of territory GDP. As noted in a May 2021 Survey of Current Business article, there are a number of implications to BEA's reliance on territorial government data.6 Notably, in addition to having distinct key industries and economic structures, each territory has a different set of survey and administrative data. Thus, while rooted in the same core expenditure-based GDP estimation framework that is used for BEA's national estimates, the specific methods and information used for each territory are unique to that territory's economic structure and available data.
Estimates of Current-Dollar GDP
Personal consumption expenditures
Personal consumption expenditures (PCE), or “consumer spending,” measures the goods and services purchased by “persons”—that is, by households and by nonprofit institutions serving households (NPISHs)—who are resident in each territory.
ECIA data on the consumer shares of sales by industry are used to benchmark the estimates of household purchases of most goods and selected services. However, for multiple categories of services, the ECIA does not fully reflect all consumer expenditures measured in GDP and so other data sources are used to benchmark these estimates. These other data sources are described below.
For services sold by governments, including hospital services, utility services, and higher education services, the data sources used to establish levels of spending for benchmark years are the same as the annual data sources listed in appendix tables A–D.
Data sources covering consumer purchases of housing services, financial services, and insurance services are currently limited. For these estimates, spending in most years is interpolated or extrapolated using broad nominal indicators of spending such as resident population multiplied by a relevant consumer price index. Data sources that are used to establish the levels of these services for select years are described below.
For housing services, information on the number of owner- and tenant-occupied housing units and average rental rates reported in the decennial Census of Population and Housing is used to estimate values in census years. When available, intercensal household expenditure surveys conducted by the territorial governments that report number of housing units and household spending on rents are also used.
For financial services, a key data source used to estimate spending on banking services was the Federal Deposit Insurance Corporation call report data. However, commercial bank mergers and acquisitions that cut across territories and states have created challenges in using these data to estimate more recent years of spending, as the activity of establishments in a single territory are no longer separately identified in most cases.
For insurance services, private-sector data sources on premiums collected by type of insurance were used in the calculation of consumer spending for some territories. However, these data sources are no longer available. Territorial government offices of the insurance commissioner may have more recent data that can be used to update and improve the estimates of insurance services; more research needs to be conducted in this area.
Note that the goods and services estimates described in this section can reflect on-island spending by both residents and nonresidents. To ensure that aggregate PCE reflects spending by residents of each territory (including their spending while traveling abroad), foreign travel expenditures by residents must be added and expenditures by nonresidents must be removed.7 Net foreign travel equals foreign travel expenditures by residents less expenditures in the territory by nonresidents and is shown as a separate series in the PCE tables for each territory. For American Samoa, Guam, and the CNMI, resident spending abroad is benchmarked using information from household surveys conducted by the territorial governments. For the USVI, resident spending abroad is estimated for all years using USVI resident spending data from Puerto Rico's balance-of-payment accounts and a scaling factor to capture spending by USVI residents in locations other than Puerto Rico. Data sources used to benchmark nonresident spending in each territory include visitor exit surveys conducted by the territorial governments and ECIA data on shares of sales to visitors by industry.
Private fixed investment
Private fixed investment (PFI) measures spending by private businesses, nonprofit institutions, and households on structures and equipment that are used in the production of goods and services.
ECIA data on capital expenditures by private-sector establishments are used to benchmark most of PFI. Construction of new homes is not covered in the ECIA capital expenditures data except when it is intended to be used as rental property for the real estate industry. Investment in new homes is benchmarked separately using ECIA product line data for the construction sector or territorial government data for residential building permits.
Change in private inventories
Change in private inventories (CIPI) is a measure of the value in current prices of the change in the physical volume of the inventories—additions less withdrawals—that businesses maintain to support their production and distribution activities.
Because of limited data, CIPI, or “inventory investment,” is estimated only for commodities that are especially significant to the territorial economy, can be stored for a relatively long time, and account for a substantial share of imports of goods. For American Samoa, this includes cannery supplies such as tin plates that are used to manufacture cans for tuna. For the USVI, this includes crude oil and other petroleum products that are stored at the refinery and oil storage facility in St. Croix.
There is currently no annual data available on the physical stocks of these products. Therefore, inventory investment is estimated based on imports, exports, and domestic consumption of these products. The key data sources used are listed in appendix tables A and D.
Net exports of goods and services
Net exports represents the difference between a territory's exports and its imports. Exports measures the portion of total production of goods and services in a territory that is provided to the rest of the world (including other countries, the 50 states and the District of Columbia, and other U.S. territories); imports measures the portion of total expenditures in a territory that is accounted for by goods and services provided by the rest of the world.
For exports of goods to the rest of the United States (that is, the 50 states, the District of Columbia, and other U.S. territories), all years reflect values for shipments published in the Census Bureau's U.S. Trade with Puerto Rico and U.S. Possessions (FT895) reports. For exports of goods to other countries, the Census Bureau's U.S. International Trade in Goods and Services (FT900) report covers shipments from the USVI and Puerto Rico only. For the other three territories, data on exports of goods to other countries are produced by the territorial governments.
For imports of goods from the rest of the United States and from other countries, the FT895 and FT900 cover shipments to the USVI and Puerto Rico only. For the other three territories, data on imports of goods are produced by the territorial governments. The data vary greatly in coverage, detail, and timeliness.8
The estimates of exports of services primarily reflect spending by visitors, which is estimated using the same data sources that are described above in the net foreign travel component of PCE. For American Samoa, exports of services also includes an estimate of services provided to foreign ships by the government port authority. Information on exports of other services is limited.
The estimates of imports of services include freight and insurance charges on imported goods, business and personal insurance services, construction-related services (for example, architectural, design, and other support services), and travel and transportation services. For the CNMI, imports of services also includes other business services that are assumed to be purchased primarily by the casino industry. These imports are derived by comparing estimates of intermediate expenses of CNMI businesses, including casinos, with information on revenues of establishments located in the CNMI; intermediate expenses that are not paid to CNMI businesses must be imported.9
Like PCE insurance services, data sources covering imports of insurance services are limited. Private-sector data sources are used when available; other years are extrapolated using broad nominal indicators such as employment.
Imports of construction-related services is the value of construction spending that reflects support services produced elsewhere. This equals the difference between the value of all construction spending (that is, the sum of private-sector investment in structures and government investment in structures) and the value of construction performed by domestic construction establishments.10 Except for American Samoa, the value of construction performed by domestic construction establishments is benchmarked using information on construction-sector revenues from the ECIA. For American Samoa, imports of construction services cannot be benchmarked in this manner due to limitations in the detailed construction-sector data from the ECIA.11 Instead, imports of construction services are estimated for years in which they are assumed to be substantial, using government financial statements and news reports.
Imports of travel and transportation services are estimated using the same data sources that are described above in the net foreign travel component of PCE. For American Samoa, imports of services also includes territorial government imports of transportation services.
The key annual data sources used to estimate exports and imports are listed in appendix tables A–D.
Government consumption expenditures and gross investment
Government consumption expenditures and gross investment—or “government spending”—measures final expenditures accounted for by the territorial government (including the primary government and its component units) and the U.S. federal government.
Government consumption expenditures consists of spending by government agencies, except government enterprises, to provide goods and services to the public.12 Consumption expenditures includes compensation of government employees, consumption of fixed capital, and purchases of intermediate goods and services. Sales to other sectors, which is the value of goods and services sold to the household and business sectors, is netted out to prevent double-counting of the expenditures across the components of GDP.
Gross investment consists of spending by all government agencies, including government enterprises, for structures and equipment that are used in producing the goods and services provided by the government.
The key data sources used to estimate federal government spending and territorial government spending are listed in appendix tables A–D.
Estimates of Real GDP
Inflation-adjusted, or “real”, estimates of GDP and its components are derived within a chain-type Fisher index framework.13 For most of the detailed components of GDP, inflation-adjusted estimates are calculated by deflating each component using an appropriate price index. Because of the limited availability of price indexes that are specific to the territories, U.S. price indexes are used for deflation in many cases. The territorial governments each produce their own consumer price indexes, which BEA uses within the estimates of consumer spending, but there are no producer price indexes for any territory, nor are there price indexes that cover trade in goods and services between each of the territories and the rest of the United States.
Personal consumption expenditures
Consumer price indexes (CPI) produced by the territorial governments are used to deflate many detailed components of consumer spending. In cases where the composition of consumer spending categories does not align well with the territory-specific CPIs, other price data are used, such as U.S. PCE price indexes from BEA or U.S. import and export prices from the U.S. Bureau of Labor Statistics (BLS). Exceptions include consumer spending on electricity for all territories and gasoline for American Samoa and Guam. Real consumer spending on electricity is estimated using quantity information on residential consumption by territory from the U.S. Energy Information Administration. Real consumer spending on gasoline for American Samoa and Guam is estimated using quantity information on gasoline consumption or sales provided by the territorial governments.
Private fixed investment
U.S. PFI price indexes from BEA and Producer Price Indexes from the U.S. BLS are used to deflate most of the detailed components. Currently, there are no territory-specific price indexes covering capital goods purchased by businesses in the island areas.
Change in private inventories
For American Samoa, cannery supplies held in inventory are adjusted for inflation using U.S. import, export, and producer prices from the U.S. BLS. For the USVI, inventories of crude oil and petroleum products are adjusted for inflation using U.S. import and export prices from the U.S. BLS.
Net exports of goods and services
For exports and imports of goods, a variety of price indexes are used, including territory CPIs and U.S. import, export, and producer prices from the U.S. BLS. Note that the U.S. BLS International Price Program treats the territories as part of the United States; thus, import and export price indexes in theory reflect prices for goods traded between the territories and other countries. However, the prices paid and received by the territories cannot be separately identified from the prices paid and received by the rest of the United States. For exports and imports of services, territory CPIs and price indexes from BEA estimates of U.S. trade in services and U.S. consumer spending are used.
Government consumption expenditures and gross investment
For compensation, information on average wages and salaries derived from administrative or survey data is used to deflate compensation. For other components of government spending, government price indexes from BEA's U.S. National Income and Product Accounts are used.
Component | Annual estimates: key source data used to prepare an extrapolator or interpolator1 |
---|---|
Personal consumption expenditures (PCE) | |
Goods | |
Durable goods | American Samoa Department of Commerce (ASDOC) fiscal year (FY) data for imports of consumer durable goods, such as motor vehicles, furniture, and household appliances,2 and Census Bureau County Business Patterns (CBP) wages for retail trade industries. |
Nondurable goods | For gasoline and energy goods, quantity times price: American Samoa Office of Petroleum Management data on gasoline imports and U.S. Energy Information Administration (EIA) data on average U.S. gasoline prices; for all other nondurable goods, ASDOC FY data for imports of consumer nondurable goods, such as food, alcohol, and clothing, and CBP wages for retail trade industries. |
Services | For tenant-occupied and owner-occupied rents, quantity times price: population3 and American Samoa consumer price index (CPI) for housing; for utilities, EIA data for residential revenues of electric utilities by territory, American Samoa Power Authority financial statement data for utility revenues; for hospitals, Lyndon B. Johnson (LBJ) Tropical Medical Center Authority financial statement data for net patient revenues; for resident food services, quantity times price: population and American Samoa CPI for food; for nonresident food services, quantity times price: ASDOC data for visitor arrivals and American Samoa CPI for food; for accommodations, quantity times price: ASDOC data for visitor arrivals and U.S. PCE price for hotels and motels; for private education, quantity times price: ASDOC data for private school enrollment and American Samoa CPI; for public education, American Samoa Community College financial statement data for education revenues; for communication services, American Samoa Telecommunications Authority financial statement data for operating revenues; for retirement fund services, American Samoa Government Employees' Retirement Fund financial statement data for administrative expenses; for most other services, quantity times price: population and American Samoa CPIs or U.S. PCE price indexes. |
Net foreign travel | For foreign travel expenditures by American Samoa residents, quantity times price: ASDOC data for resident departures or U.S. Bureau of Transportation Statistics (BTS) Air Carrier Statistics (T-100) data for airplane passenger flight segments and U.S. PCE price indexes for travel and accommodations; for off-island health expenditures for residents, LBJ Tropical Medical Center Authority financial statement data and information collected from news reports; for expenditures in American Samoa by nonresidents, quantity times price: ASDOC data for visitor arrivals or BTS T-100 data for airplane passenger flight segments, American Samoa Ports Authority data for cruise ship passenger arrivals, and various American Samoa CPIs and U.S. PCE price indexes. |
Gross private domestic investment | |
Private fixed investment | For structures, ASDOC FY data for imports of construction materials, American Samoa Department of Public Works data for land use and building permits, and Federal Emergency Management Agency (FEMA) data for disaster assistance; for equipment, ASDOC FY data for imports of capital equipment by type. |
Change in private inventories | ASDOC FY data for imports of tuna canning supplies, Census Bureau data for exports of canned tuna and related products from the U.S. Trade with Puerto Rico and the U.S. Possessions (FT895) report. |
Net exports of goods and services | |
Exports | |
Goods | ASDOC FY data for exports of goods and Census Bureau data for exports of goods from the FT895 report. |
Services | For expenditures in American Samoa by nonresidents, quantity times price: ASDOC data for visitor arrivals, BTS T-100 data for airplane passenger flight segments, American Samoa Ports Authority data for cruise ship passenger arrivals, and various American Samoa CPIs and U.S. PCE price indexes; for services provided to foreign ships by the government port, American Samoa Port Authority financial statement data for charges for services. |
Imports | |
Goods | For goods excluding landed fish, ASDOC FY data for imports of goods; for landed fish, BEA estimate of landed fish used in production based on exports of canned tuna and related goods from the ASDOC and Census Bureau. |
Services | For freight and insurance charges on goods imported from foreign countries and the rest of the United States, BEA estimates of imports of landed fish and BEA estimates of imports of all other goods; for foreign travel expenditures by American Samoa residents, quantity times price: ASDOC data for resident departures BTS T-100 data for airplane passenger flight segments and U.S. PCE price indexes for travel and accommodations; for off-island health expenditures for residents, LBJ Tropical Medical Center Authority financial statement data and information collected from news reports; for off-island government travel, tabulations of central government expenditures data provided by the American Samoa Department of Treasury; for imports of construction services, American Samoa government financial data and information collected from news reports. |
Government consumption expenditures and gross investment | |
Federal | For compensation of federal government employees, tabulations of wage and personnel data provided by the U.S. Department of Defense and ratios of fringe benefits to wages derived from U.S. National Income and Product Account data for federal employee compensation; for intermediate purchases of goods and services, Federal Procurement Data System (FPDS)4 contract obligations data for purchases of goods and services excluding equipment; for structures, FPDS contract obligations data for construction projects; for equipment, FPDS contract obligations data for purchases and major repairs of equipment. |
Territorial | Government financial statement data for the Territory of American Samoa, the LBJ Medical Center Authority, the American Samoa Power Authority, the American Samoa Telecommunications Authority, the Development Bank of American Samoa, the Territorial Bank of American Samoa, the American Samoa Community College, and the American Samoa Government Employees’ Retirement Fund; tabulations of central government expenditures and capital asset data provided by the American Samoa Department of Treasury. |
- Not all data sources are available for every year; for example, Census Bureau County Business Patterns data are not available for the most recent year of estimates.
- The Bureau of Economic Analysis uses tabulations of imports data provided by the American Samoa Department of Commerce. These tabulations are presented at a greater level of detail and typically include more recent periods compared to what is published in the American Samoa Statistical Yearbook.
- Estimates of population reflect data from the American Samoa Department of Commerce and the U.S. Census Bureau.
- The Federal Procurement Data System is a database of federal contracts maintained by the General Services Administration. The database provides detailed information at the individual contract level, including place of performance, dates of performance, the contract obligation amount, and a product and service code.
Component | Annual estimates: key source data used to prepare an extrapolator or interpolator1 |
---|---|
Personal consumption expenditures (PCE) | |
Goods | |
Durable goods | For autos, quantity times price: CNMI Central Statistics Division (CSD) data for sales of autos and Guam consumer price indexes (CPI) for motor vehicles and parts;2 for home furnishings and household equipment, quantity times price: population and CNMI CPI for other goods and services; for all other durable goods, tabulations of business revenues data for retail trade industries provided by the CNMI Department of Finance (DOF). |
Nondurable goods | Tabulations of imports data for consumer nondurable goods, such as food, alcohol, clothing, and gasoline provided by the CNMI Division of Customs Services (Customs) and tabulations of business revenues data for retail trade industries provided by the CNMI DOF. |
Services | For tenant-occupied and owner-occupied rents, quantity times price: population and Guam CPI for rental and lodging;3 for utilities, U.S. Energy Information Administration (EIA) data for residential revenues of electric utilities, Commonwealth Utilities Corporation financial statement data for utility revenues; for hospitals, Commonwealth Healthcare Corporation financial statement data for net patient revenues; for private education, quantity times price: population and CNMI CPI for education and communication; for public education, Northern Marianas College and Public School System financial statements for education revenues; for casino gambling services, publicly available financial statement data for casinos operating in Saipan; for other recreation services, tabulations of business revenues data for various recreation industries provided by the CNMI DOF and Census Bureau County Business Patterns wage data for arts, entertainment, and recreation industries; for retirement fund services, CNMI Government financial statement data for retirement fund administrative expenses; for banking services, CSD data for total deposits and loans; for insurance services, quantity times price: population and CNMI CPI for other goods and services; for most other services: tabulations of business revenues data for various industries provided by the CNMI DOF. |
Net foreign travel | For foreign travel expenditures by CNMI residents, quantity times price: Marianas Visitor Authority (MVA) data for resident departures and U.S. PCE price indexes for travel and accommodations; for casino gambling expenditures in the CNMI by nonresidents, publicly available financial statement data for casinos operating in Saipan; for all other expenditures by nonresidents, MVA data for arrivals of visitors and Bureau of Economic (BEA) estimates of PCE categories assumed to substantially reflect spending by tourists, including apparel, accommodation and food services, recreation services, and transportation services. |
Gross private domestic investment | |
Private fixed investment | For structures, CSD data for building permit values, tabulations of administrative data for construction wages provided by the CNMI DOF, and publicly available financial statement data for capital expenditures of casinos operating in Saipan; for equipment, CNMI Customs data for imports of motor vehicles and capital equipment by type. |
Net exports of goods and services | |
Exports | |
Goods | Quantity times price: CSD data for revenue tonnage of exports by type and U.S. Bureau of Labor Statistics export price indexes; |
Services | For casino gambling expenditures in the CNMI by nonresidents, publicly available financial statement data for casinos operating in Saipan; for all other expenditures by nonresidents, MVA data for arrivals of visitors and BEA estimates of PCE categories assumed to substantially reflect spending by tourists, including apparel, accommodation and food services, recreation services, and transportation services. |
Imports | |
Goods | Tabulations of imports data for imports of goods by type provided by CNMI Customs. |
Services | For freight and insurance charges on imported goods, BEA estimates of imports of goods; for foreign travel expenditures by CNMI residents, quantity times price: MVA data for resident departures and U.S. PCE price indexes for travel and accommodations; for imports of other business services, BEA estimates of operating revenues and intermediate expenses of establishments located in the CNMI.4 |
Government consumption expenditures and gross investment | |
Federal | For compensation of federal government employees, tabulations of wage and personnel data provided by the U.S. Department of Defense and ratios of fringe benefits to wages derived from U.S. National Income and Product Account data for federal employee compensation; for intermediate purchases of goods and services, Federal Procurement Data System (FPDS)5 data for contract obligations data for purchases of goods and services excluding equipment; for structures, FPDS contract obligations data for construction projects; for equipment, FPDS contract obligations data for purchases and major repairs of equipment. |
Territorial | Government financial statement data for the Government of the CNMI, the Commonwealth Utilities Corporation, the Mariana Visitors Authority, the Northern Marianas College, the Public School System, the Marianas Public Land Trust, the Commonwealth Healthcare Corporation, the Commonwealth Ports Authority, the Commonwealth Development Authority, and the Northern Marianas Housing Corporation. |
- Not all data sources are available for every year; for example, Census Bureau County Business Patterns data are never available for the most recent year of estimates.
- Guam CPI data are available at a finer level of detail than the CNMI CPI and are assumed to be reasonable substitutes for some categories. For the CNMI, motor vehicles are embedded in the CPI for transportation.
- For the CNMI, housing is embedded in the CPI for housing and utilities.
- Intermediate expenses of establishments located in the CNMI that are not paid to CNMI businesses must be imported.
- The Federal Procurement Data System is a database of federal contracts maintained by the General Services Administration. The database provides detailed information at the individual contract level, including place of performance, dates of performance, the contract obligation amount, and a product and service code.
Component | Annual estimates: key source data used to prepare an extrapolator or interpolator1,2 |
---|---|
Personal consumption expenditures (PCE) | |
Goods | |
Durable goods | For motor vehicles, quantity times price: Guam Department of Revenue and Taxation (DRT) data for motor vehicle registrations and Guam consumer price indexes (CPI) for new cars; for home furnishings and household equipment, quantity times price: population3 and Guam CPI for furnishings and household equipment; for all other durable goods, tabulations of gross receipts tax data for retail trade industries provided by the Guam DRT and Guam Bureau of Labor Statistics Current Employment Statistics (CES) data for employment and average earnings for retail and wholesale trade industries. |
Nondurable goods | For gasoline and energy goods, quantity times price: Guam Energy Office data for gasoline sales and Guam CPI for motor fuel; for food, Census Bureau County Business Patterns (CBP) wage data for grocery and other food stores; for alcohol, quantity times price: Guam Bureau of Budget and Management Research (BBMR) data for alcoholic beverages excise tax revenues and Guam CPI for alcoholic beverages; for all other nondurable goods, tabulations of gross receipts tax data for retail trade industries provided by the Guam DRT and Guam CES data for employment and average earnings for retail trade industries. |
Services | For tenant-occupied and owner-occupied rents, quantity times price: population and Guam CPI for rent and lodging; for utilities, U.S. Energy Information Administration (EIA) data for residential revenues of electric utilities by territory, Guam Power Authority (GPA) and Guam Waterworks Authority financial statement data for utility revenues; for banking services, call report data from the Federal Deposit Insurance Corporation; for hospitals, net patient revenues from Guam Memorial Hospital Authority financial statements and Centers for Medicare and Medicaid Services hospital cost reports; for private education, quantity times price: Guam Department of Education reports for private school enrollment and Guam CPI for tuition and other fees; for public education, Guam Department of Education and University of Guam financial statements for education revenues; for accommodations, food services, and amusements: Guam BBMR data for hotel occupancy tax revenues, tabulations of gross receipts tax data for various industries provided by the Guam DRT, Guam Visitors Bureau (GVB) data for arrivals of visitors by country, and GVB data for average spending per visitor by country; for transportation, Guam CES data for employment and average earnings for transportation and warehousing industries; for most other services, quantity times price: population and Guam CPIs or U.S. PCE price indexes. |
Net foreign travel | For foreign travel expenditures by Guam residents, quantity times price: population and various travel-related Guam CPIs; for expenditures on accommodations in Guam by nonresidents, BBMR data for hotel occupancy tax revenues; for all other expenditures in Guam by nonresidents: GVB data for arrivals of visitors by country and GVB data for average spending per visitor by country. |
Gross private domestic investment | |
Private fixed investment (PFI) | For structures, Guam Bureau of Labor Statistics data for building permits and Guam CES data for employment and average earnings for construction industries; for autos and light trucks, quantity times price: Guam DRT data for motor vehicle registrations and U.S. import price indexes for automotive vehicles, parts, and engines; for all other equipment, Bureau of Economic Analysis (BEA) estimates of gross investment in structures.4 |
Net exports of goods and services | |
Exports | |
Goods | Guam government data for exports of goods and Census Bureau data for exports of goods from the U.S. Trade with Puerto Rico and the U.S. Possessions (FT895) report. |
Services | For expenditures on accommodations in Guam by nonresidents, BBMR data for hotel occupancy tax revenues; for all other expenditures in Guam by nonresidents: GVB data for arrivals of visitors by country and GVB data for average spending per visitor by country. |
Imports | |
Goods | For fuel imported by GPA, GPA financial statement data for cost of production fuel; for all other fuel, quantity times price: Guam Energy Office data on fuel sales by type and Guam CPI for motor fuel; for consumer goods other than gasoline, BEA estimates of PCE goods by type; for equipment purchased by private sector businesses, BEA estimates of PFI equipment; for equipment imported by governments, BEA estimates of federal and territorial government gross investment in equipment;5 for all other goods imported by wholesalers, tabulations of gross receipts tax data for wholesale trade industries provided by the Guam DRT and Guam CES data for employment and average earnings for wholesale trade industries. |
Services | For freight and insurance charges on imported goods, BEA estimates of imports of goods for select categories;6 for foreign travel expenditures by Guam residents, quantity times price: population and various travel-related Guam CPIs; for imports of construction services, BEA estimates of PFI structures and federal government gross investment in structures. |
Government consumption expenditures and gross investment | |
Federal | For compensation of federal government employees, tabulations of wage and personnel data provided by the U.S. Department of Defense (DOD), data for military active duty and dependents in Guam published by the Guam Bureau of Labor Statistics, and ratios of fringe benefits to wages derived from U.S. National Income and Product Account data for federal employee compensation; for intermediate purchases of goods and services, Federal Procurement Data System (FPDS)7 contract obligations data for purchases of goods and services excluding equipment; for structures, tabulations of gross receipts tax data for construction industries provided by the Guam DRT, Guam CES data for employment and average earnings for construction industries, FPDS contract obligations data for construction projects, U.S. DOD contract data published by the Guam Bureau of Labor Statistics, and annual reports from the U.S. DOD Interagency Coordination Group of Inspectors General for Guam Realignment; for equipment, FPDS contract obligations data for purchases and major repairs of equipment. |
Territorial | Government financial statement data for the Government of Guam, the Guam Department of Education, the University of Guam, the Guam Memorial Hospital Authority, the Guam Housing and Urban Renewal Authority, the Guam Visitors Bureau, the Guam Education Telecommunications Authority, the Government of Guam Retirement Fund, the Guam Community College, the Guam Economic Development Authority, the Guam Preservation Trust, the Guam Power Authority, the Guam Waterworks Authority, the Port Authority of Guam, the A.B. Won Pat International Airport Authority, and the Guam Housing Corporation. |
- Not all data sources are available for every year; for example, Census Bureau County Business Patterns data are not available for the most recent year of estimates.
- For years prior to 2016, the Bureau of Economic Analysis (BEA) used imports data published by the Guam Bureau of Statistics and Plans (BSP) as indicators within the estimates of consumer spending on goods, private fixed investment, and imports of goods. Due to reductions in the amount of imports data collected for subsequent years, BEA changed its indicators for these estimates to the data sets listed in this table. As noted on the BSP website, “For 2016 and beyond months captured [of imports data] will be determined on an adhoc basis.”
- Estimates of population reflect data from the U.S. Census Bureau.
- Currently, no annual indicators are available that directly reflect private sector business purchases of equipment.
- Guam has a small manufacturing sector; it was assumed that most goods purchased by households, businesses, and governments were imported.
- For some categories of imports, such as fuel and equipment, the value estimated within imports of goods already reflects freight and insurance charges incurred in bringing the merchandise to Guam; thus, no additional charges are estimated within imports of services.
- The Federal Procurement Data System is a database of federal contracts maintained by the General Services Administration. The database provides detailed information at the individual contract level, including place of performance, dates of performance, the contract obligation amount, and a product and service code.
Component | Annual estimates: key source data used to prepare an extrapolator or interpolator1 |
---|---|
Personal consumption expenditures (PCE) | |
Goods | |
Durable goods | Census Bureau data for imports of durable goods from the U.S. Trade with Puerto Rico and U.S. Possessions (FT895) and the U.S. International Trade in Goods and Services (FT900) reports2 and U.S. Bureau of Labor Statistics (BLS) Quarterly Census of Employment and Wages (QCEW) wage data for the retail trade sector. |
Nondurable goods | |
Food and beverages | Census Bureau data for imports of food and beverages and QCEW wage data for grocery and other food stores. |
All other nondurable goods | Census Bureau data for imports of nondurable goods (excluding food and beverages) and QCEW wage data for the retail trade sector. |
Services | |
Housing and utilities | For tenant-occupied and owner-occupied rents, quantity times price: population3 and the USVI consumer price index (CPI) for housing;4 for utilities, U.S. Energy Information Administration (EIA) data for residential revenues of electric utilities by territory, USVI Water and Power Authority operating and financial statement data for utility revenues, and QCEW wage data for waste collection. |
Health care | For hospitals, Governor Juan F. Luis Hospital and Medical Center and Schneider Regional Medical Center financial statement data for net patient revenues; for other health care, QCEW wage data for health care facilities other than hospitals. |
Accommodations and food services | For accommodations, USVI Bureau of Internal Revenue (BIR) data for hotel occupancy tax revenues; for food services, quantity times price: QCEW employment data for food services and drinking establishments and U.S. PCE price indexes for food services and accommodations. |
All other services | For higher education, University of Virgin Islands financial statement data for education revenues; for retirement fund services, Government Employees’ Retirement System of the Virgin Island financial statement data for administrative expenses; for lotteries, USVI Government financial statement and budget data for lottery revenues; for most other services, QCEW wage data by industry. |
Net foreign travel | For foreign travel expenditures by USVI residents, Puerto Rico balance-of-payments data from the Puerto Rico government for spending in Puerto Rico by USVI residents and information collected from news reports; for jewelry purchases in the USVI by nonresidents, Census Bureau data for imports of jewelry and related durable goods; for all other expenditures by nonresidents arriving by cruise ship, quantity times price: USVI Bureau of Economic Research (BER) data for cruise passenger arrivals and various USVI CPIs and U.S. price indexes; for all other expenditures by nonresidents arriving by air, quantity times price: BER data for air visitor arrivals and various USVI CPIs and U.S. price indexes. |
Gross private domestic investment | |
Private fixed investment (PFI) | For structures, BER data for building permit values, QCEW wages for the construction sector, and Census Bureau data for imports of construction materials; for equipment, Census Bureau data for imports of equipment and QCEW wage data for repair and maintenance industries. |
Change in private inventories | Census Bureau data for exports and imports of crude oil and other petroleum products and Bureau of Economic Analysis (BEA) estimates of domestic fuel consumption. Fuel usage is assumed to trend with output of the industrial sector; data sources include USVI Water and Power Authority statistics on megawatt-hours of electricity generation and the indicators listed in this table for private fixed investment in structures and government gross investment in structures. |
Net exports of goods and services | |
Exports | |
Goods | Census Bureau data for exports of goods. |
Services | For jewelry purchases in the USVI by nonresidents, Census Bureau data for imports of jewelry and related durable goods; for all other expenditures by nonresidents arriving by cruise ship, quantity times price: USVI BER data for cruise passenger arrivals and various USVI CPIs and U.S. price indexes; for all other expenditures by nonresidents arriving by air, quantity times price: BER data for air visitor arrivals and various USVI CPIs and U.S. price indexes. |
Imports | |
Goods | Census Bureau data for imports of goods. |
Services | For freight and insurance charges on goods imported from countries other than the U.S., Census Bureau FT900 data for charges; for freight and insurance charges on goods imported from the rest of the United States, ratios of charges to values of imported goods derived from Census Bureau FT900 data and BEA estimates of imports of goods from the rest of the United States; for foreign travel expenditures by USVI residents, Puerto Rico balance-of-payments data from the Puerto Rico government on spending in Puerto Rico by USVI residents and information collected from news reports; for imports of construction services, BEA estimates of PFI structures and government gross investment in structures. |
Government consumption expenditures and gross investment | |
Federal | For compensation of employees, QCEW wage data for civilian employees, tabulations of wage and personnel data provided by the U.S. Department of Defense, and ratios of fringe benefits to wages derived from U.S. National Income and Product Account data for federal employee compensation; for intermediate purchases of goods and services, Federal Procurement Data System (FPDS)5 contract obligations data for purchases of goods and services excluding equipment; for structures, FPDS contract obligations data for construction projects; for equipment, FPDS contract obligations data for purchases and major repairs of equipment. |
Territorial | For compensation of employees, QCEW wage data for USVI "state" government employees, government financial statement data, and budget data for wages and fringe benefits; for all other consumption expenditures, government financial statement data,6 general fund and agency budget data, USVI government Open Finance data, and Federal Emergency Management Agency (FEMA) data for disaster assistance; for gross investment in structures and equipment, government operating and financial statement data, general fund and agency budget data, USVI government Open Finance data, and FEMA data for disaster assistance. |
- Not all data sources are available for every year; for example, some government financial statements may not be available for the most recent year of estimates.
- Census Bureau imports data from the U.S. Trade with Puerto Rico and U.S. Possessions (FT895) report and the U.S. International Trade in Goods and Services (FT900) report is abbreviated “Census Bureau data for imports.” Census Bureau exports data from these reports is abbreviated “Census Bureau data for exports.”
- Estimates of population reflect data from the USVI Bureau of Economic Research and the U.S. Census Bureau.
- BEA uses tabulations of USVI CPI data by type provided by the USVI Bureau of Economic Research.
- The Federal Procurement Data System is a database of federal contracts maintained by the General Services Administration. The database provides detailed information at the individual contract level, including place of performance, dates of performance, the contract obligation amount, and a product and service code.
- Data are collected from government financial statements for: the USVI Central Government, the Governor Juan F. Luis Hospital and Medical Center, the Schneider Regional Medical Center, the USVI Water and Power Authority, the USVI Waste Management Authority, the Government Employees’ Retirement System of the Virgin Islands, the University of the Virgin Islands, the USVI Economic Development Authority, the Virgin Islands Housing Finance Authority, the Virgin Islands Housing Authority, and the Virgin Islands Port Authority.
Additional information on source data
The annual data sources listed in appendix tables A–D include a variety of economic measures, such as sales or receipts, expenses, wages and salaries, and tax collections.
For many components, the indicators are derived from source data that are “value data”: they encompass both the quantity data and the price data required to prepare the current-dollar estimates. For indicators that are not derived from value data, a “quantity-times-price” method is used. For example, the indicator for Guam consumer spending on gasoline is calculated as gasoline sales in gallons times the Guam consumer price index for motor fuel.
All fiscal year data sources are adjusted to a calendar year basis for use in estimation.
- OIA is the federal agency that manages the federal government's relations with the governments of American Samoa, the CNMI, Guam, and the USVI. It works with these territories to encourage economic development, transparency of government, financial stability, and accountability.
- These surveys include the Annual Wholesale Trade Survey; the Annual Retail Trade Survey; the Annual Capital Expenditures Survey; the Value of Construction Put in Place Survey; the Service Annual Survey; the Annual Survey of Manufactures; the Manufactures' Shipments, Inventories, and Orders Survey; the Annual Survey of State and Local Government Finances.
- Individual news releases for each of the territories are available on BEA's website.
- In this article, “consumer spending” refers to “personal consumption expenditures” and “government spending” refers to “government consumption expenditures and gross investment.”
- The industry detail shown for GDP by industry and compensation by industry varies depending on the territory.
- Sabrina L. Montes and Aya Hamano, “Estimating GDP for the U.S. Territories,” Survey of Current Business 101 (May 2021).
- “Foreign travel expenditures by residents” includes spending in the rest of the world, that is, other countries, the 50 states and the District of Columbia, and other U.S. territories.
- Guam government data on imports of goods are especially limited. Data are not collected for all periods and do not represent the universe of imports of goods.
- Intermediate expenses are purchases of goods and services that are used in the production process of other goods and services and are not sold in final-demand markets.
- The estimation of private-sector and government gross investment in structures is described in the PFI and government spending sections of this appendix, respectively.
- For Guam, imports of construction services for defense projects are benchmarked separately using information on U.S. Department of Defense contracts reported by the Guam Bureau of Labor Statistics.
- Government enterprises are government agencies that cover a substantial portion of their operating costs by selling goods and services to the public and that maintain their own separate accounts.
- For additional information, see J. Steven Landefeld, Brent R. Moulton, and Cindy M. Vojtech, “Chained-Dollar Indexes: Issues, Tips on Their Use, and Upcoming Changes,” Survey of Current Business 83 (November 2003):8–17.