December 2014 1 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 2013 New Estimates of GDP by Industry and Compensation by Industry for 2012 By Kevin Furlong and Aya Hamano N COLLABORATION with the Department of the Interior’s 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. 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. Con- sistent measures of economic activity are critical for 1. OIA is the federal agency that manages the federal government’s rela- tions with the governments of American Samoa, the CNMI, Guam, and the U.S. Virgin Islands. It works with these territories to encourage economic development, transparency of government, financial stability, and account- ability. understanding the territorial economies and how they have developed over time. Without such measures, it is difficult for businesses and governments to make in- formed economic and financial planning decisions and for policymakers to assess the impacts of their deci- sions on growth. For the United States, BEA produces gross domestic product (GDP) and other related eco- nomic 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 trans- actions with the “rest-of-the-world.” This year, BEA released new estimates of GDP for 2013, and revised estimates for 2010 through 2012.2 These estimates are shown in chart 1 below. For com- parison, real GDP growth for the United States (ex- cluding the territories) is also shown. 2. BEA released these estimates during separate visits to the four territo- ries that took place between August and November of 2014. Individual news releases for each of the territories are available on BEA’s Web site. I BEA BRIEFING Erin M. Ludlow prepared the tables and chart for this BEA Briefing. 2 Territorial Economic Accounts December 2014 Highlights of the latest estimates of GDP for each territory are described below. American Samoa Real GDP decreased 2.4 percent in 2013 (see table A.1.3.). ● The primary source of the decline in GDP was terri­ torial government spending (see table A.1.4.).3 The decrease in government spending reflected territo­ rial government budget controls and lower revenues from federal grants. ● The decline in territorial government spending was partly offset by increases in consumer spending and private fixed investment (see table A.1.4.). The growth in private fixed investment reflected invest­ ments by the tuna canning industry, including the completion of a multimillion-dollar cold storage facility.4 CNMI Real GDP increased 4.4 percent in 2013 (see table B.1.3.). ● The largest contributor to the increase in GDP was consumer spending (see table B.1.4.). The increase in consumer spending was largely due to growth in purchases of durable goods, in particular, of motor vehicles. ● Tourism contributed significantly to the growth in the economy. Exports of services, which consist mostly of spending by tourists, increased (see table B.1.3.). This increase reflected growth in visitor arrivals to the CNMI. Guam Real GDP increased 0.6 percent in 2013 (see table C.1.3.). ● The primary source of the increase in GDP was pri­ vate fixed investment (see table C.1.4.). Construc­ tion spending accounted for most of the growth in private fixed investment; major projects occurring over this period included the construction of Guam’s first private hospital and a new luxury hotel in Tumon Bay. ● The increase in private fixed investment was partly offset by a decrease in spending by tourists (see table C.1.4.). Exports of services, which consist mostly of spending by tourists, decreased (see table C.1.3.). This decrease was mostly due to a decline in 3. In this article, “consumer spending” refers to “personal consumption expenditures,” “inventory investment” refers to “change in private invento­ ries,” and “government spending” refers to “government consumption expenditures and gross investment.” Private inventory investment for the CNMI and Guam is assumed to be negligible, so it is not shown in the tables. 4. Private fixed investment includes spending by businesses on construc­ tion and equipment. spending by Japanese visitors, who make up the majority of Guam’s tourist market. U.S. Virgin Islands Real GDP decreased 5.4 percent in 2013 (see table D.1.3.). ● The largest contributor to this decrease was exports of goods (see table D.1.4.), reflecting the decline of the petroleum refining industry that for many years had played a dominant role in the economy. The Hovensa oil refinery, one of the world’s largest oil refineries, shut down operations on St. Croix in early 2012. ● Excluding the petroleum refining industry’s imports, exports, and inventory investment, GDP would have increased 0.6 percent in 2013, primarily due to growth in spending by tourists and in exports of rum. New estimates of GDP by industry and compensa­ tion by industry for 2012 were also included in the 2013 GDP news releases for each territory. These esti­ mates, along with GDP for 2013, are presented in de­ tail in the accompanying tables.5 The methods used to derive the estimates of GDP and GDP by industry are summarized in the appendix “Summary of Methodologies.” Future Directions This project represents an important step toward achieving BEA’s and OIA’s long-term goal: to integrate these territories into the full set of U.S. national in­ come and product accounts (NIPAs). A primary obsta­ cle to realizing this goal is the lack of coverage of these four territories by most of the major surveys used by BEA to produce estimates of GDP and related eco­ nomic measures.6 Until the territories are included in these surveys, BEA will continue to depend heavily on the assistance and information provided by each of the territorial governments. In the summer of 2015, BEA will conduct a compre­ hensive revision of these accounts. This revision will incorporate information from the 2012 Economic Census of Island Areas, results from BEA’s latest revi­ sions to the national and industry accounts, and new source data from the territorial statistical offices. New GDP estimates for 2014, as well as GDP by industry and compensation by industry estimates for 2013, will be released at the same time. 5. The industry detail shown for GDP by industry and compensation by industry varies depending on the territor y. 6. These surveys include merchant wholesale trade and retail trade sur­ veys; the annual capital expenditures survey; value of construction put in place; the service annual survey; the annual survey of manufactures; manu­ facturers’ shipments, inventories, and orders; and survey of government finances. 3 December 2014 SURVEY OF CURRENT BUSINESS Other future enhancements to the estimates for the four territories (subject to data availability and fund­ ing) include developing supplementary measures in­ cluded in the full set of the U.S. NIPAs, such as personal income and personal saving rates. Appendix: Summary of Methodologies The methodologies used to estimate GDP and GDP by industry for American Samoa, the Commonwealth of the Northern Mariana Islands (CNMI), Guam, and the U.S. Virgin Islands are consistent with the methods used to estimate GDP and GDP by industry for the United States (excluding the territories).7 Information from the Economic Census of Island Areas was used to establish levels of GDP for each territory for 2002 and 2007; for other years, annual series were developed and used to estimate the components of GDP and of GDP by industry. Gross domestic product Consumer spending. Personal consumption expendi­ tures (PCE) consists primarily of purchases of goods and services by households.8 For American Samoa, the CNMI, and Guam, economic census data on the con­ sumer shares of sales for each industry sector were used to benchmark the estimates of household pur­ chases of most goods. For the CNMI and Guam, an­ nual growth rates for most goods and services were derived using gross business revenue data, data on im­ ports of goods, and trade source data; for American Samoa, annual growth rates for most goods were de­ rived using data on imports of goods. Annual esti­ mates of goods for the U.S. Virgin Islands were mostly based on imports data from the Census Bureau’s U.S. Trade With Puerto Rico and U.S. Possessions (FT895) and U.S. International Trade in Goods and Services (FT900).9 Estimates that were not benchmarked to economic census data included housing services, utilities ser­ vices, and financial services, which were estimated in­ dependently. Housing services were estimated using information on the number of occupied housing units and average rental rates reported in the Census of Pop­ ulation and Housing. Utilities services were estimated using revenue data reported by government-owned utilities and by the U.S. Energy Information Adminis­ tration. Other services not covered by the economic census—such as financial services furnished without payment, insurance, and sales by government—were 7. The estimates for these territories have not yet been updated to reflect the results of BEA’s 2013 comprehensive revision of the national accounts. 8. A small portion of PCE consists of expenses of nonprofit institutions serving households. 9. For American Samoa and the U.S. Virgin Islands, it was assumed that most consumer purchases of goods were imported. estimated using data from private trade sources and government finance reports. Private investment. Private investment consists of spending on new fixed assets—equipment, software, and structures by private businesses—and improve­ ments to existing assets. It also includes the construc­ tion of new residential structures and the improvements to these structures.10 Because of data limitations, estimates of private investment in equip­ ment and software and in structures were indirectly measured. Investment in equipment and software was estimated based on the value of imports of capital goods or on economic census data for the business share of sales of the wholesale durable-goods sector. Investment in structures was estimated using building permit data, payroll data, and construction industry receipts less sales to other construction firms and less sales to government as reported in the economic cen­ sus.11 Net exports of goods and services. The estimates of exports of goods to the United States from the four ter­ ritories reflected data from the Census Bureau’s U.S. Trade With Puerto Rico and U.S. Possessions (FT895). Estimates of exports of goods from American Samoa, the CNMI, and Guam to the rest of the world were based on information compiled by the territorial gov­ ernments. Estimates of exports of goods from the U.S. Virgin Islands to the rest of the world were based on data from the Census Bureau’s U.S. International Trade in Goods and Services (FT900). Estimates of imports of goods for American Samoa, the CNMI, and Guam were based on values or quantities of imported com­ modities reported by the territorial governments. For the U.S. Virgin Islands, estimates of imports of goods reflected data from the FT895 and FT900. Information on imports of services and on exports of services other than tourism was limited. Estimates of exports of tourism services for the CNMI and Guam were based on survey data on tourist expenditures and visitor arrivals provided by the territorial government visitors’ authorities. For the U.S. Virgin Islands, the es­ timate of exports of tourism services was based on ex­ penditures of cruise ship passengers available from the Florida-Caribbean Cruise Association, total visitor ex­ penditures provided by the Virgin Islands Bureau of Economic Research, U.S. Virgin Islands visitor exit survey data, and gross business revenue data for select industries.12 10. For American Samoa and the U.S. Virgin Islands, private investment also includes inventory investment. 11. This method assumed that the receipts by construction industry reported in the economic census were collected for work done in the same year. 12. Exports of tourism services were a small component of American Samoa’s economy and are not discussed. 4 Territorial Economic Accounts December 2014 Government consumption expenditures and gross investment. The estimates of government expendi­ tures were prepared separately for the territorial gov­ ernments and for the federal government sector. The primary sources of information for the territorial gov­ ernment estimates were financial statements of the pri­ mary government and of the government component units. The primary data sources for the federal govern­ ment estimates were the Census Bureau’s Consolidated Federal Funds Report and the Federal Procurement Data System. Information on military pay was pro­ vided by the Department of Defense. Estimates of real GDP. Inflation-adjusted estimates of total GDP and its components were derived within a chain-type Fisher index framework.13 For most of the detailed components of GDP, inflation-adjusted esti­ mates were calculated by deflating each component us­ ing an appropriate price index. Consumer price indexes produced by each territorial government were used to deflate most of the detailed components of personal consumption expenditures (PCE). Inflation- adjusted estimates for most components other than PCE were calculated using U.S. prices from the U.S. Bureau of Labor Statistics. GDP by Industry Current-dollar estimates. The 2007 estimates of GDP by industry were prepared for broad industry groups using a methodology that was developed to incorpo­ rate data from the Economic Census of Island Areas. Current-dollar value added for most private industries 13. For additional information, see J. Steven Landefeld, Brent R. Moulton, and Cindy M. Vojtech, “Chain-Dollar Indexes: Issues, Tips on Their Use, and Upcoming Changes,” SURVEY OF CURRENT BUSINESS 83 (November 2003): 8–17. was extrapolated using indicators such as gross busi­ ness revenues and compensation. For select private in­ dustries, data were available to separately extrapolate gross output and intermediate inputs. These industries included the manufacturing sector in American Samoa and the CNMI and the goods-producing sector in the U.S. Virgin Islands. Current-dollar value added for the government sector was prepared separately for the ter­ ritorial government and the federal government sec­ tors; the primary sources of information were the data sources identified above in “Government consumption expenditures and gross investment.” Real estimates. Inflation-adjusted estimates of GDP by industry were derived within a chain-type Fisher in­ dex framework. For most industry sectors, the statis­ tics on chained-dollar value added were prepared using the single-deflation method. Under this method, current-dollar value added of an industry is divided by a gross output price index.14 For industries for which data were available to separately estimate gross output and intermediate inputs, a double-deflation method was used. Under the double-deflation method, cur­ rent-dollar gross output and current-dollar intermedi­ ate inputs are deflated separately, and real value added is computed as the difference between real gross out­ put and real intermediate inputs. Price indexes and other value and quantity data produced by each terri­ torial government, in addition to select U.S. prices, were used in the deflation of value added, gross output, and intermediate inputs. 14. Single deflation approximates the results obtained by double deflation when an industry’s intermediate inputs prices increase at about the same rate as its output prices. 5 December 2014 SURVEY OF CURRENT BUSINESS Acknowledgments Aya Hamano of the Bureau of Economic Analysis (BEA) and Wali Osman of the Office of Insular Affairs (OIA) oversaw the preparation of the territorial economic accounts for American Samoa, the Commonwealth of the Northern Mariana Islands (CNMI), Guam, and the U.S. Virgin Islands. From BEA, Kevin J. Furlong prepared the estimates for American Samoa, the CNMI, and Guam, and Nadia F. Sadée prepared the estimates for the U.S. Virgin Islands. Brian C. Moyer, Director of BEA, Brent R. Moulton, Associate Director for National Economic Accounts, Carol E. Moylan, Associate Director for Industry Eco­ nomic Accounts, and Nicole M. Mayerhauser, Chief of the National Income and Wealth Division, provided overall supervision. Other significant contributors from BEA were Katha­ rine E. Hamilton, William A. Jolliff, Erin M. Ludlow, Edward T. Morgan, and Andrew J. Pinard. The Company Statistics Division of the U.S. Census Bureau provided data from the Economic Census of Island Areas. From the U.S. Department of the Interior, Nikolao Pula, Director of OIA, provided support throughout the project. Lydia Faleafine-Nomura of OIA served as liaison between BEA and the American Samoa govern­ ment. BEA would also like to thank the governor’s offices of the four territories for their contributions. Governor Lolo M. Moliga and Lieutenant Governor Lemanu P. Mauga of American Samoa, Governor Eloy S. Inos and Lieutenant Governor Jude U. Hofschneider of the CNMI, Governor Eddie B. Calvo and Lieutenant Governor Ray S. Tenorio of Guam, and Governor John P. de Jongh, Jr. and Lieutenant Governor Gregory R. Francis of the U.S. Vir­ gin Islands contributed guidance and support through­ out the project. Other key contributors from each territory are listed below. American Samoa: Keniseli F. Lafaele, Director, Depart­ ment of Commerce (DOC); Uili Leauanae, Deputy Director, DOC; Etuale Tuileta, Chief Statistician, DOC; Mine Timoteo, Assistant Chief Statistician, DOC; Alex Zodiacal, Assistant to Administrator/Economic Develop­ ment Division Manager; Ueligitone Tonumaipe’a, Trea­ surer, Department of Treasury; Richard Jimmerson, Manager, Tax Office, Department of Treasury; Moetulu’i Sipili Fuiava , Chief Customs Officer, Department of Treasury; Catherine Saelua, Director, Budget Office; Alex Sene, Jr., Executive Director, American Samoa Telecom­ munications Authority; Utu Abe Malae, CEO, American Samoa Power Authority; Taufete’e Faumuina, CEO, LBJ Medical Center; Seth Galea’i, President, American Samoa Community College; Sione Kava, Petroleum Officer, Office of Petroleum Management; Sangdong Kwon, Gen­ eral Manager, Star Kist Samoa. CNMI: Sixto K. Igisomar, Secretary, Department of Commerce (DOC); Alfonis M. Sound, Special Assistant to Secretary, DOC; Justin H. Andrew, Computer Special­ ist, DOC; Vincent P. Sablan, Program Analyst, DOC; Chris S. Tenorio, Acting Manager, Commonwealth Ports Authority (CPA); Lence Kubarii, Sea Port Stats, CPA; Addy Manahane, Accountant, CPA; Perry J. P. Tenorio, Managing Director, Marianas Visitors Authority (MVA); Larissa Larson, Secretary, Department of Finance (DOF); Mariah White, Disclosure Officer, DOF; Lt. Robert Reyes of Customs, DOF; Tracy M. Guerrero, Chief Financial Officer, Northern Marianas College (NMC); Rita A. Sablan, Commissioner of Education, Public School Sys­ tem (PSS); George Palican, Finance Director, PSS; Violita Diaz and Michelle A. Camacho, Administrative Assis­ tants, Office of the Public Auditor (OPA); Charles War­ ren, Chief Financial Officer, Commonwealth Utility Corporation (CUC). Guam: Franklin P. Arriola, Chief of Staff, Office of the Governor; Benita A. Manglona, Director, Department of Administration; John Camacho, Director, Department of Revenue and Taxation; Anthony Blaz, Director, Bureau of Budget and Management Research; John Rios, Adminis­ trator, Guam Economic Development Authority; Doris F. Brooks, Public Auditor, Office of the Public Auditor; Karl Pangelinan, General Manager; Gary Hiles, Chief Econo­ mist, Department of Labor; and Albert Perez, Chief Economist, Bureau of Statistics and Plans. U.S. Virgin Islands: Wharton Berger, Director, Virgin Islands Bureau of Economic Research (VIBER); Donnie Dorsett, Senior Economist, VIBER; Claudette Watson- Anderson, Director, Virgin Islands Bureau of Internal Revenue; Debra Gottlieb, Director, Virgin Islands Office of Management and Budget; Angel Dawson, Jr., Commis­ sioner, Virgin Islands Department of Finance; Sandra Rey, Senior Research Analyst, Virgin Islands Department of Labor. Tables A.1.1. through D.2.5. follow. 6 Territorial Economic Accounts December 2014 Table A.1.1. Gross Domestic Product, American Samoa [Millions of dollars] 2007 2008 2009 2010 2011 2012 2013 Gross domestic product .................................................................................. 575 618 725 641 647 718 711 Personal consumption expenditures .................................................................... 383 411 407 421 432 446 461 Goods .................................................................................................................... 194 210 202 211 207 212 224 Durable goods .................................................................................................... 23 28 23 24 23 23 25 Nondurable goods .............................................................................................. 171 183 179 186 184 189 200 Services ................................................................................................................. 189 203 209 215 228 240 244 Net foreign travel .................................................................................................... –1 –3 –4 –5 –4 –6 –8 Private fixed investment ......................................................................................... 21 20 17 22 22 19 23 Change in private inventories ................................................................................ –8 –17 –6 –5 –3 0 2 Net expor ts of goods and services ....................................................................... –66 –65 4 –134 –169 –102 –106 Exports .................................................................................................................. 512 646 536 368 339 489 459 Goods ................................................................................................................. 488 621 509 340 311 458 426 Services ............................................................................................................. 24 25 26 28 28 32 32 Imports................................................................................................................... 578 711 532 503 508 591 564 Goods ................................................................................................................. 515 641 472 442 444 522 495 Services ............................................................................................................. 62 70 60 60 65 69 69 Government consumption expenditures and gross investment ........................ 245 268 304 337 366 355 331 Federal................................................................................................................... 17 21 29 22 23 22 23 Territorial ................................................................................................................ 228 247 275 314 342 333 308 NOTE. Detail may not add to total because of rounding. Table A.1.2. Real Gross Domestic Product, Chained Dollars, American Samoa [Millions of chained (2005) dollars] 2007 2008 2009 2010 2011 2012 2013 Gross domestic product .................................................................................. 533 524 507 513 516 502 490 Personal consumption expenditures .................................................................... 353 349 343 338 328 328 334 Goods .................................................................................................................... 183 183 172 171 159 158 166 Durable goods .................................................................................................... 22 23 19 20 17 17 18 Nondurable goods .............................................................................................. 161 159 153 151 142 142 149 Services ................................................................................................................. 172 169 174 171 171 173 172 Net foreign travel .................................................................................................... –1 –2 –3 –3 –2 –4 –4 Private fixed investment ......................................................................................... 20 20 17 23 23 20 22 Change in private inventories ................................................................................ –7 –11 –7 –4 –2 0 2 Net expor ts of goods and services ....................................................................... –62 –75 –104 –108 –113 –115 –117 Exports .................................................................................................................. 479 475 374 315 278 291 286 Goods ................................................................................................................. 456 452 352 292 256 267 262 Services ............................................................................................................. 23 22 24 24 22 25 25 Imports................................................................................................................... 541 550 478 423 391 406 403 Goods ................................................................................................................. 479 486 420 368 336 348 344 Services ............................................................................................................. 63 64 59 56 57 60 60 Government consumption expenditures and gross investment ........................ 228 243 274 290 307 294 272 Federal................................................................................................................... 16 18 25 19 19 18 18 Territorial ................................................................................................................ 212 224 249 272 288 276 254 Addenda: Population (thousands) 1 ........................................................................................ 64.8 65.1 62.4 55.5 55.3 55.0 54.8 Per capita real GDP (chained dollars) ................................................................... 8,225 8,049 8,125 9,243 9,331 9,127 8,942 1. BEA estimates are based on data from the American Samoa Statistical Yearbook and the U.S. Census Bureau. 7 December 2014 SURVEY OF CURRENT BUSINESS Table A.1.3. Percent Change From Preceding Year in Real Gross Domestic Product, American Samoa 2008 2009 2010 2011 2012 2013 Gross domestic product .................................................................................. Personal consumption expenditures .................................................................... Goods .................................................................................................................... Durable goods .................................................................................................... Nondurable goods .............................................................................................. Services ................................................................................................................. Net foreign travel .................................................................................................... Private fixed investment ......................................................................................... Change in private inventories ................................................................................ Net exports of goods and services ....................................................................... Exports .................................................................................................................. Goods ................................................................................................................. Services ............................................................................................................. Imports................................................................................................................... Goods ................................................................................................................. Services ............................................................................................................. Government consumption expenditures and gross investment ........................ Federal ................................................................................................................... Territorial ................................................................................................................ –1.6 –1.1 0.0 7.8 –1.0 –1.6 ........................ –0.4 ........................ ........................ –0.9 –0.7 –4.4 1.7 1.6 3.1 6.5 17.3 5.6 –3.3 –1.7 –5.8 –17.4 –4.1 2.7 ........................ –15.6 ........................ ........................ –21.2 –22.2 4.8 –13.1 –13.7 –8.0 12.8 36.4 10.8 1.3 –1.5 –0.9 2.3 –1.3 –1.6 ........................ 34.3 ........................ ........................ –16.0 –17.0 1.0 –11.7 –12.4 –5.7 6.0 –24.9 9.3 0.6 –3.0 –6.9 –13.7 –5.9 0.0 ........................ –0.4 ........................ ........................ –11.7 –12.3 –5.3 –7.4 –8.6 1.4 5.8 –0.2 6.2 –2.6 –0.1 –0.3 –3.2 0.0 1.1 ........................ –14.3 ........................ ........................ 4.8 4.3 11.0 3.9 3.6 5.7 –4.2 –4.7 –4.2 –2.4 1.8 4.8 5.7 4.7 –0.5 ........................ 13.0 ........................ ........................ –1.9 –2.1 0.7 –0.9 –1.1 0.4 –7.5 0.0 –8.0 Table A.1.4. Contributions to Percent Change in Real Gross Domestic Product, American Samoa 2008 2009 2010 2011 2012 2013 Percent change: Gross domestic product .................................................................................. –1.6 –3.3 1.3 0.6 –2.6 –2.4 Percentage points: Personal consumption expenditures .................................................................... –0.73 –1.03 –0.93 –2.02 –0.06 1.11 Goods .................................................................................................................... 0.02 –1.79 –0.26 –2.31 –0.10 1.42 Durable goods .................................................................................................... 0.32 –0.71 0.08 –0.54 –0.11 0.18 Nondurable goods .............................................................................................. –0.30 –1.08 –0.35 –1.77 0.01 1.24 Services ................................................................................................................. –0.52 0.82 –0.52 0.01 0.37 –0.18 Net foreign travel .................................................................................................... –0.23 –0.06 –0.14 0.28 –0.33 –0.14 Private fixed investment ......................................................................................... –0.02 –0.46 0.86 –0.01 –0.46 0.35 Change in private inventories ................................................................................ –0.90 0.83 0.40 0.32 0.43 0.33 Net expor ts of goods and services ....................................................................... –2.62 –7.71 –1.87 –0.78 –0.27 –0.51 Exports .................................................................................................................. –0.82 –20.47 –11.52 –6.89 2.76 –1.23 Goods ................................................................................................................. –0.63 –20.65 –11.56 –6.65 2.31 –1.27 Services ............................................................................................................. –0.19 0.18 0.04 –0.24 0.45 0.03 Imports................................................................................................................... –1.80 12.76 9.65 6.11 –3.04 0.72 Goods ................................................................................................................. –1.46 11.97 9.12 6.25 –2.50 0.76 Services ............................................................................................................. –0.34 0.79 0.53 –0.14 –0.53 –0.04 Government consumption expenditures and gross investment ........................ 2.68 5.02 2.81 3.08 –2.26 –3.70 Federal................................................................................................................... 0.51 1.12 –1.09 –0.01 –0.16 0.00 Territorial ................................................................................................................ 2.17 3.90 3.90 3.09 –2.10 –3.70 Table A.1.5. Price Indexes for Gross Domestic Product, American Samoa: Percent Change From Preceding Year 2008 2009 2010 2011 2012 2013 Gross domestic product .................................................................................. 9.1 21.3 –12.7 0.3 14.0 1.4 Personal consumption expenditures .................................................................... 8.5 0.9 5.0 5.7 3.3 1.6 8 Territorial Economic Accounts December 2014 Table A.2.1. Value Added by Industry, American Samoa [Millions of dollars] 2007 2008 2009 2010 2011 2012 Gross domestic product .................................................................................. 575 618 725 641 647 718 Private industries .................................................................................................... 417 455 556 451 459 521 Manufacturing ........................................................................................................ 77 112 163 41 21 89 Nonmanufacturing.................................................................................................. 340 342 393 410 438 432 Government ............................................................................................................. 158 163 168 189 187 197 Federal ................................................................................................................... 14 17 19 18 17 17 Territorial ................................................................................................................ 144 146 149 171 170 180 NOTE. Detail may not add to total because of rounding. Table A.2.2. Real Value Added by Industry, American Samoa [Millions of chained (2005) dollars] 2007 2008 2009 2010 2011 2012 Gross domestic product .................................................................................. 533 524 507 513 516 502 Private industries .................................................................................................... 384 373 356 356 362 345 Manufacturing ........................................................................................................ 68 68 54 47 44 47 Nonmanufacturing.................................................................................................. 316 304 311 322 330 310 Government ............................................................................................................. 149 152 152 160 156 161 Federal ................................................................................................................... 13 15 17 15 14 14 Territorial ................................................................................................................ 136 137 135 145 142 147 Table A.2.3. Percent Changes in Real Value Added by Industry, American Samoa 2008 2009 2010 2011 2012 Gross domestic product .................................................................................. Private industries .................................................................................................... Manufacturing ........................................................................................................ Nonmanufacturing.................................................................................................. Government ............................................................................................................. Federal................................................................................................................... Territorial ................................................................................................................ –1.6 –2.8 0.1 –3.6 1.8 16.1 0.4 –3.3 –4.5 –20.3 2.3 0.0 11.0 –1.3 1.3 –0.1 –12.6 3.3 5.3 –9.0 7.1 0.6 1.9 –6.7 2.6 –2.5 –6.4 –2.0 –2.6 –4.9 5.8 –6.1 3.4 –2.2 4.0 Table A.2.4. Contributions to Percent Change in Real Gross Domestic Product by Industry, American Samoa 2008 2009 2010 2011 2012 Percent change: Gross domestic product .................................................................................. Percentage points: Private industries .................................................................................................... Manufacturing ........................................................................................................ Nonmanufacturing.................................................................................................. Government ............................................................................................................. Federal................................................................................................................... Territorial ................................................................................................................ –1.6 –2.07 0.02 –2.09 0.49 0.39 0.09 –3.3 –3.42 –4.62 1.20 0.00 0.28 –0.28 1.3 –0.13 –2.10 1.97 1.37 –0.27 1.64 0.6 1.31 –0.37 1.68 –0.73 –0.18 –0.55 –2.6 –3.55 0.41 –3.97 0.93 –0.06 0.99 NOTE. Percentage point contributions do not sum to the percent change in real gross domestic product because of rounding and differences in source data used to estimate GDP by industry and the expenditures measure of real GDP. Table A.2.5. Compensation of Employees by Industry, American Samoa [Millions of dollars] 2007 2008 2009 2010 2011 2012 Total compensation .......................................................................................... 263 278 282 288 285 295 Private industries .................................................................................................... 120 132 132 113 118 123 Manufacturing ........................................................................................................ 52 61 57 34 31 47 Nonmanufacturing.................................................................................................. 68 71 75 78 87 76 Government ............................................................................................................. 143 146 150 175 167 171 Federal................................................................................................................... 15 18 20 19 18 18 Territorial ................................................................................................................ 128 129 130 156 148 153 NOTE. Detail may not add to total because of rounding. 9 December 2014 SURVEY OF CURRENT BUSINESS Table B.1.1. Gross Domestic Product, Commonwealth of the Northern Mariana Islands [Millions of dollars] 2007 2008 2009 2010 2011 2012 2013 Gross domestic product .................................................................................. 867 846 717 716 649 665 682 Personal consumption expenditures .................................................................... 560 585 508 518 527 565 623 Goods .................................................................................................................... 357 387 342 368 374 422 472 Durable goods .................................................................................................... 135 138 118 132 118 144 180 Nondurable goods .............................................................................................. 222 249 224 236 257 278 292 Services ................................................................................................................. 389 397 355 366 358 389 416 Net foreign travel .................................................................................................... –186 –199 –188 –215 –206 –246 –265 Private fixed investment ......................................................................................... 24 27 27 26 24 24 26 Net exports of goods and services ....................................................................... –69 –109 –165 –202 –268 –263 –318 Exports .................................................................................................................. 526 376 218 241 229 268 288 Goods ................................................................................................................. 333 172 23 19 17 15 16 Services ............................................................................................................. 192 205 195 222 212 252 272 Imports................................................................................................................... 595 486 382 443 497 531 606 Goods ................................................................................................................. 512 417 327 379 426 455 521 Services ............................................................................................................. 83 69 55 64 71 75 85 Government consumption expenditures and gross investment ........................ 352 343 346 373 367 339 351 Federal................................................................................................................... 13 16 21 21 21 22 20 Territorial ................................................................................................................ 339 327 325 352 345 317 331 NOTE. Detail may not add to total because of rounding. Table B.1.2. Real Gross Domestic Product, Chained Dollars, Commonwealth of the Northern Mariana Islands [Millions of chained (2005) dollars] 2007 2008 2009 2010 2011 2012 2013 Gross domestic product .................................................................................. 849 740 598 603 562 574 600 Personal consumption expenditures .................................................................... 506 496 427 433 423 449 504 Goods .................................................................................................................... 338 343 294 312 301 334 382 Durable goods .................................................................................................... 132 130 107 116 100 123 161 Nondurable goods .............................................................................................. 206 213 187 196 199 211 223 Services ................................................................................................................. 349 339 298 297 279 299 324 Net foreign travel .................................................................................................... –180 –184 –164 –175 –156 –183 –200 Private fixed investment ......................................................................................... 23 26 26 25 22 23 24 Net exports of goods and services ....................................................................... –26 –98 –163 –180 –194 –186 –220 Exports .................................................................................................................. 516 294 176 182 161 186 202 Goods ................................................................................................................. 330 116 19 16 12 11 12 Services ............................................................................................................. 186 190 170 180 161 188 205 Imports................................................................................................................... 543 392 339 363 355 371 422 Goods ................................................................................................................. 471 337 295 315 304 318 361 Services ............................................................................................................. 72 56 44 48 51 53 61 Government consumption expenditures and gross investment ........................ 335 314 312 330 318 291 298 Federal................................................................................................................... 12 14 19 18 18 18 17 Territorial ................................................................................................................ Addenda: 324 300 293 312 300 273 282 Population (thousands) 1 ........................................................................................ 59.3 57.6 55.5 53.5 52.2 51.4 51.2 Per capita real GDP (chained dollars) ................................................................... 14,317 12,847 10,775 11,271 10,766 11,167 11,719 1. Source: U.S. Census Bureau 10 Territorial Economic Accounts December 2014 Table B.1.3. Percent Change From Preceding Year in Real Gross Domestic Product, Commonwealth of the Northern Mariana Islands 2008 2009 2010 2011 2012 2013 Gross domestic product .................................................................................. Personal consumption expenditures .................................................................... Goods .................................................................................................................... Durable goods .................................................................................................... Nondurable goods .............................................................................................. Services ................................................................................................................. Net foreign travel .................................................................................................... Private fixed investment ......................................................................................... Net expor ts of goods and services ....................................................................... Exports .................................................................................................................. Goods ................................................................................................................. Services ............................................................................................................. Imports................................................................................................................... Goods ................................................................................................................. Ser vices ............................................................................................................. Government consumption expenditures and gross investment ........................ Federal................................................................................................................... Territorial ................................................................................................................ –12.8 –1.9 1.5 –2.1 3.6 –3.0 ........................ 9.3 ........................ –43.1 –64.8 2.4 –27.7 –28.6 –22.2 –6.4 19.6 –7.4 –19.2 –13.9 –14.3 –17.7 –12.4 –12.0 ........................ 2.3 ........................ –40.1 –83.4 –10.6 –13.6 –12.3 –20.9 –0.5 31.3 –2.0 0.8 1.4 6.0 8.5 4.7 –0.4 ........................ –4.0 ........................ 3.6 –17.1 5.9 6.9 6.6 8.2 5.5 –4.6 6.2 –6.7 –2.3 –3.6 –13.6 2.0 –6.2 ........................ –11.0 ........................ –11.6 –21.7 –10.8 –2.1 –3.5 6.6 –3.5 –0.4 –3.7 2.1 6.1 11.2 22.5 6.1 7.5 ........................ 2.3 ........................ 15.3 –8.6 17.2 4.6 4.7 4.2 –8.4 3.4 –9.1 4.4 12.3 14.1 31.2 5.5 8.2 ........................ 5.7 ........................ 8.6 5.9 8.8 13.6 13.5 14.2 2.5 –9.6 3.4 Table B.1.4. Contributions to Percent Change in Real Gross Domestic Product, Commonwealth of the Northern Mariana Islands 2008 2009 2010 2011 2012 2013 Percent change: Gross domestic product .................................................................................. –12.8 –19.2 0.8 –6.7 2.1 4.4 Percentage points: Personal consumption expenditures .................................................................... –1.20 –9.63 0.98 –1.71 4.97 10.40 Goods .................................................................................................................... 0.59 –6.59 2.90 –1.91 6.49 8.95 Durable goods .................................................................................................... –0.30 –2.92 1.43 –2.59 4.07 6.65 Nondurable goods .............................................................................................. 0.90 –3.67 1.47 0.68 2.42 2.30 Services ................................................................................................................. –1.27 –5.66 –0.22 –3.25 4.14 4.78 Net foreign travel .................................................................................................... –0.52 2.62 –1.70 3.46 –5.66 –3.34 Private fixed investment ......................................................................................... 0.24 0.07 –0.15 –0.41 0.08 0.21 Net expor ts of goods and services ....................................................................... –9.41 –9.49 –2.70 –2.70 1.86 –7.49 Exports .................................................................................................................. –27.98 –16.90 1.13 –4.12 5.43 3.47 Goods ................................................................................................................. –28.47 –14.26 –0.55 –0.62 –0.22 0.14 Services ............................................................................................................. 0.49 –2.65 1.68 –3.50 5.65 3.34 Imports................................................................................................................... 18.57 7.41 –3.83 1.42 –3.57 –10.96 Goods ................................................................................................................. 16.54 5.70 –3.17 2.02 –3.11 –9.35 Services ............................................................................................................. 2.03 1.71 –0.66 –0.60 –0.46 –1.61 Government consumption expenditures and gross investment ........................ –2.46 –0.20 2.71 –1.89 –4.77 1.30 Federal................................................................................................................... 0.28 0.59 –0.14 –0.01 0.11 –0.33 Territorial ................................................................................................................ –2.73 –0.79 2.85 –1.87 –4.88 1.63 Table B.1.5. Price Indexes for Gross Domestic Product, Commonwealth of the Northern Mariana Islands: Percent Change From Preceding Year 2008 2009 2010 2011 2012 2013 Gross domestic product .................................................................................. 12.0 4.9 –1.0 –2.9 0.4 –1.8 Personal consumption expenditures .................................................................... 6.7 0.9 0.6 4.0 1.0 –1.8 11 December 2014 SURVEY OF CURRENT BUSINESS Table B.2.1. Value Added by Industry, Commonwealth of the Northern Mariana Islands [Millions of dollars] 2007 2008 2009 2010 2011 2012 Gross domestic product .................................................................................. 867 846 717 716 649 665 Private industries .................................................................................................... 626 618 489 484 437 463 Manufacturing ........................................................................................................ 176 66 25 24 24 19 Distributive services ............................................................................................... 120 104 88 92 87 106 Accommodations and amusement ........................................................................ 73 117 109 108 90 99 All other.................................................................................................................. 257 332 267 261 236 239 Government ............................................................................................................. 241 229 228 232 212 202 Federal................................................................................................................... 13 15 16 14 14 14 Territorial ................................................................................................................ 228 214 212 219 198 188 NOTE. Detail may not add to total because of rounding. Table B.2.2. Real Value Added by Industry, Commonwealth of the Northern Mariana Islands [Millions of chained (2005) dollars] 2007 2008 2009 2010 2011 2012 Gross domestic product .................................................................................. 849 740 598 603 562 574 Private industries .................................................................................................... 616 525 395 402 381 403 Manufacturing ........................................................................................................ 182 35 27 26 26 21 Distributive services ............................................................................................... 116 101 78 87 79 96 Accommodations and amusement ........................................................................ 68 107 92 97 82 92 All other.................................................................................................................. 245 314 223 218 218 219 Government ............................................................................................................. 233 213 207 205 184 175 Federal................................................................................................................... 11 13 14 11 12 11 Territorial ................................................................................................................ 222 200 193 193 173 163 Table B.2.3. Percent Changes in Real Value Added by Industry, Commonwealth of the Northern Mariana Islands 2008 2009 2010 2011 2012 Gross domestic product .................................................................................. Private industries .................................................................................................... Manufacturing ........................................................................................................ Distributive services ............................................................................................... Accommodations and amusement ........................................................................ All other.................................................................................................................. Government ............................................................................................................. Federal................................................................................................................... Territorial ................................................................................................................ –12.8 –14.7 –81.1 –13.0 56.8 28.2 –8.6 12.1 –9.7 –19.2 –24.8 –22.4 –22.9 –13.9 –29.0 –2.9 10.0 –3.7 0.8 1.7 –1.5 11.9 4.8 –2.4 –1.0 –18.8 0.3 –6.7 –5.0 –1.3 –8.6 –14.9 0.2 –10.1 0.5 –10.8 2.1 5.7 –20.5 21.2 11.5 0.5 –5.3 –2.8 –5.4 Table B.2.4. Contributions to Percent Change in Real Gross Domestic Product by Industry, Commonwealth of the Northern Mariana Islands 2008 2009 2010 2011 2012 Percent change: Gross domestic product .................................................................................. Percentage points: Private industries .................................................................................................... Manufacturing ........................................................................................................ Distributive services ............................................................................................... Accommodations and amusement ........................................................................ All other.................................................................................................................. Government ............................................................................................................. Federal................................................................................................................... Territorial ................................................................................................................ –12.8 –11.01 –21.48 –1.64 4.42 7.69 –2.21 0.16 –2.37 –19.2 –18.15 –1.40 –2.88 –1.95 –11.91 –0.77 0.17 –0.94 0.8 1.18 –0.05 1.42 0.71 –0.90 –0.34 –0.44 0.10 –6.7 –3.37 –0.04 –1.14 –2.25 0.06 –3.35 0.01 –3.36 2.1 3.86 –0.75 2.83 1.58 0.20 –1.72 –0.06 –1.66 NOTE. Percentage point contributions do not sum to the percent change in real gross domestic product because of rounding and differences in source data used to estimate GDP by industry and the expenditures measure of real GDP. Table B.2.5. Compensation of Employees by Industry, Commonwealth of the Northern Mariana Islands [Millions of dollars] 2007 2008 2009 2010 2011 2012 Total compensation .......................................................................................... 569 518 514 525 509 549 Private industries .................................................................................................... 353 303 300 310 314 369 Manufacturing ........................................................................................................ 91 30 10 9 9 13 Distributive services ............................................................................................... 66 59 60 63 69 81 Accommodations and amusement ........................................................................ 60 77 89 90 86 102 All other.................................................................................................................. 136 137 141 147 150 173 Government ............................................................................................................. 216 215 214 215 195 181 Federal................................................................................................................... 13 15 17 15 15 14 Territorial ................................................................................................................ 203 200 197 201 180 166 NOTE. Detail may not add to total because of rounding. 12 Territorial Economic Accounts December 2014 Table C.1.1. Gross Domestic Product, Guam [Millions of dollars] 2007 2008 2009 2010 2011 2012 2013 Gross domestic product .................................................................................. 4,207 4,340 4,541 4,597 4,562 4,756 4,882 Personal consumption expenditures .................................................................... 2,754 2,908 2,920 2,865 2,943 3,107 3,108 Goods .................................................................................................................... 1,412 1,484 1,312 1,229 1,288 1,395 1,346 Durable goods .................................................................................................... 518 545 476 437 449 488 465 Nondurable goods .............................................................................................. 894 939 837 792 840 907 880 Services ................................................................................................................. 2,043 2,079 2,176 2,213 2,260 2,395 2,408 Net foreign travel .................................................................................................... –700 –655 –568 –577 –605 –682 –645 Private fixed investment ......................................................................................... 217 252 236 233 201 204 281 Net expor ts of goods and services ....................................................................... –1,255 –1,430 –1,422 –1,467 –1,671 –1,643 –1,673 Exports .................................................................................................................. 820 793 671 655 744 795 828 Goods ................................................................................................................. 115 133 98 73 133 107 177 Ser vices ............................................................................................................. 705 660 574 582 611 688 651 Imports................................................................................................................... 2,075 2,223 2,094 2,122 2,414 2,438 2,501 Goods ................................................................................................................. 1,949 2,091 1,967 1,988 2,251 2,288 2,347 Ser vices ............................................................................................................. 126 132 127 135 164 150 154 Government consumption expenditures and gross investment ........................ 2,490 2,610 2,806 2,967 3,088 3,087 3,166 Federal................................................................................................................... 1,579 1,698 1,857 1,930 1,969 1,959 1,973 Territorial ................................................................................................................ 911 913 950 1,037 1,119 1,128 1,193 NOTE. Detail may not add to total because of rounding. Table C.1.2. Real Gross Domestic Product, Chained Dollars, Guam [Millions of chained (2005) dollars] 2007 2008 2009 2010 2011 2012 2013 Gross domestic product .................................................................................. 3,939 4,000 4,007 4,059 4,047 4,118 4,144 Personal consumption expenditures .................................................................... 2,575 2,575 2,559 2,485 2,487 2,536 2,536 Goods .................................................................................................................... 1,328 1,291 1,137 1,075 1,089 1,138 1,113 Durable goods .................................................................................................... 512 501 439 410 418 448 442 Nondurable goods .............................................................................................. 818 791 699 666 672 693 675 Services ................................................................................................................. 1,887 1,843 1,896 1,887 1,888 1,936 1,936 Net foreign travel .................................................................................................... –641 –562 –478 –481 –493 –540 –515 Private fixed investment ......................................................................................... 200 228 219 216 183 184 247 Net expor ts of goods and services ....................................................................... –1,107 –1,110 –1,229 –1,192 –1,210 –1,165 –1,198 Exports .................................................................................................................. 746 671 565 545 599 624 655 Goods ................................................................................................................. 101 104 82 59 99 78 130 Ser vices ............................................................................................................. 645 566 482 485 497 545 520 Imports................................................................................................................... 1,853 1,781 1,794 1,737 1,809 1,788 1,853 Goods ................................................................................................................. 1,740 1,670 1,689 1,629 1,680 1,670 1,732 Ser vices ............................................................................................................. 114 112 105 109 129 118 121 Government consumption expenditures and gross investment ........................ 2,275 2,306 2,463 2,552 2,591 2,560 2,565 Federal................................................................................................................... 1,441 1,500 1,637 1,660 1,654 1,626 1,602 Territorial ................................................................................................................ 833 806 826 892 936 934 963 Addenda: Population (thousands) 1 ........................................................................................ 158.0 158.4 158.9 159.4 159.5 159.8 160.3 Per capita real GDP (chained dollars) ................................................................... 24,930 25,253 25,217 25,464 25,373 25,770 25,852 1. Source: U.S. Census Bureau 13 December 2014 SURVEY OF CURRENT BUSINESS Table C.1.3. Real Gross Domestic Product, Guam: Percent Change From Preceding Year 2008 2009 2010 2011 2012 2013 Gross domestic product .................................................................................. Personal consumption expenditures .................................................................... Goods .................................................................................................................... Durable goods .................................................................................................... Nondurable goods .............................................................................................. Services ................................................................................................................. Net foreign travel .................................................................................................... Private fixed investment ......................................................................................... Net exports of goods and services ....................................................................... Exports .................................................................................................................. Goods ................................................................................................................. Services ............................................................................................................. Imports................................................................................................................... Goods ................................................................................................................. Services ............................................................................................................. Government consumption expenditures and gross investment ........................ Federal ................................................................................................................... Territorial ................................................................................................................ 1.5 0.0 –2.8 –2.0 –3.3 –2.3 ........................ 14.0 ........................ –10.1 3.2 –12.3 –3.9 –4.0 –1.7 1.4 4.1 –3.2 0.2 –0.6 –11.9 –12.5 –11.6 2.9 ........................ –4.2 ........................ –15.8 –20.7 –14.8 0.7 1.2 –5.7 6.8 9.1 2.4 1.3 –2.9 –5.4 –6.4 –4.8 –0.5 ........................ –1.3 ........................ –3.6 –28.3 0.7 –3.2 –3.6 2.9 3.6 1.4 8.0 –0.3 0.1 1.3 1.9 0.9 0.0 ........................ –15.1 ........................ 10.0 68.0 2.4 4.1 3.2 19.0 1.5 –0.3 4.9 1.7 2.0 4.5 7.1 3.2 2.6 ........................ 0.2 ........................ 4.0 –21.2 9.5 –1.1 –0.6 –8.8 –1.2 –1.7 –0.2 0.6 0.0 –2.2 –1.4 –2.6 0.0 ........................ 34.3 ........................ 5.0 66.7 –4.6 3.6 3.7 2.4 0.2 –1.5 3.1 Table C.1.4. Contributions to Percent Change in Real Gross Domestic Product, Guam 2008 2009 2010 2011 2012 2013 Percent change: Gross domestic product .................................................................................. 1.5 0.2 1.3 –0.3 1.7 0.6 Percentage points: Personal consumption expenditures .................................................................... –0.01 –0.41 –1.88 0.05 1.28 0.02 Goods .................................................................................................................... –0.97 –4.01 –1.55 0.35 1.29 –0.63 Durable goods .................................................................................................... –0.25 –1.54 –0.67 0.18 0.69 –0.14 Nondurable goods .............................................................................................. –0.72 –2.47 –0.88 0.16 0.59 –0.50 Services ................................................................................................................. –1.16 1.37 –0.24 0.02 1.27 0.00 Net foreign travel .................................................................................................... 2.11 2.23 –0.09 –0.31 –1.28 0.66 Private fixed investment ......................................................................................... 0.72 –0.23 –0.07 –0.77 0.01 1.47 Net exports of goods and services ....................................................................... –0.01 –3.19 0.97 –0.55 1.26 –1.00 Exports .................................................................................................................. –2.02 –2.83 –0.53 1.45 0.66 0.83 Goods ................................................................................................................. 0.09 –0.60 –0.62 1.14 –0.62 1.48 Services ............................................................................................................. –2.11 –2.23 0.09 0.31 1.28 –0.65 Imports................................................................................................................... 2.01 –0.36 1.51 –2.00 0.60 –1.83 Goods ................................................................................................................. 1.96 –0.53 1.59 –1.43 0.29 –1.75 Services ............................................................................................................. 0.05 0.17 –0.08 –0.56 0.31 –0.08 Government consumption expenditures and gross investment ........................ 0.83 4.01 2.27 0.99 –0.80 0.13 Federal................................................................................................................... 1.54 3.51 0.58 –0.14 –0.75 –0.60 Territorial ................................................................................................................ –0.71 0.50 1.69 1.13 –0.05 0.73 Table C.1.5. Price Indexes for Gross Domestic Product, Guam: Percent Change From Preceding Year 2008 2009 2010 2011 2012 2013 Gross domestic product .................................................................................. 1.6 4.4 –0.1 –0.5 2.5 2.0 Personal consumption expenditures .................................................................... 5.6 1.1 1.0 2.7 3.5 0.0 14 Territorial Economic Accounts December 2014 Table C.2.1. Value Added by Industry, Guam [Millions of dollars] 2007 2008 2009 2010 2011 2012 Gross domestic product .................................................................................. 4,207 4,340 4,541 4,597 4,562 4,756 Private industries .................................................................................................... 2,371 2,421 2,485 2,421 2,316 2,510 Construction........................................................................................................... 269 308 314 321 286 308 Distributive services ............................................................................................... 433 445 423 401 402 428 Accommodations and amusement ........................................................................ 377 389 391 392 386 412 Other private .......................................................................................................... 1,292 1,279 1,357 1,306 1,243 1,362 Government ............................................................................................................. 1,835 1,919 2,056 2,177 2,245 2,246 Federal................................................................................................................... 1,122 1,195 1,304 1,374 1,418 1,413 Territorial ................................................................................................................ 713 723 752 802 827 833 NOTE. Detail may not add to total because of rounding. Table C.2.2. Real Value Added by Industry, Guam [Millions of chained (2005) dollars] 2007 2008 2009 2010 2011 2012 Gross domestic product .................................................................................. 3,939 4,000 4,007 4,059 4,047 4,118 Private industries .................................................................................................... 2,259 2,291 2,224 2,218 2,176 2,269 Construction........................................................................................................... 234 269 261 272 239 252 Distributive services ............................................................................................... 424 435 387 363 356 370 Accommodations and amusement ........................................................................ 356 360 343 349 350 365 Other private .......................................................................................................... 1,238 1,217 1,222 1,223 1,223 1,274 Government ............................................................................................................. 1,676 1,702 1,783 1,839 1,866 1,849 Federal................................................................................................................... 1,023 1,058 1,148 1,171 1,183 1,172 Territorial ................................................................................................................ 653 643 636 668 683 677 Table C.2.3. Percent Changes in Real Value Added by Industry, Guam 2008 2009 2010 2011 2012 Gross domestic product .................................................................................. Private industries .................................................................................................... Construction........................................................................................................... Distributive services ............................................................................................... Accommodations and amusement ........................................................................ Other private .......................................................................................................... Government ............................................................................................................. Federal................................................................................................................... Territorial ................................................................................................................ 1.5 1.4 15.0 2.6 1.0 –1.7 1.5 3.5 –1.5 0.2 –2.9 –3.0 –10.9 –4.6 0.4 4.8 8.5 –1.2 1.3 –0.3 4.3 –6.4 1.6 0.1 3.1 2.0 5.0 –0.3 –1.9 –12.1 –1.8 0.3 0.0 1.4 1.0 2.2 1.7 4.3 5.2 3.9 4.3 4.2 –0.9 –1.0 –0.8 Table C.2.4. Contributions to Percent Change in Real Gross Domestic Product by Industry, Guam 2008 2009 2010 2011 2012 Percent change: Gross domestic product .................................................................................. Percentage points: Private industries .................................................................................................... Construction........................................................................................................... Distributive services ............................................................................................... Accommodations and amusement ........................................................................ Other private .......................................................................................................... Government ............................................................................................................. Federal................................................................................................................... Territorial ................................................................................................................ 1.5 0.79 0.95 0.26 0.09 –0.51 0.67 0.93 –0.26 0.2 –1.64 –0.21 –1.13 –0.41 0.11 2.10 2.29 –0.19 1.3 –0.14 0.30 –0.60 0.14 0.02 1.44 0.59 0.84 –0.3 –0.97 –0.85 –0.16 0.02 0.01 0.69 0.31 0.38 1.7 2.18 0.33 0.34 0.37 1.15 –0.43 –0.30 –0.14 NOTE. Percentage point contributions do not sum to the percent change in real gross domestic product because of rounding and differences in source data used to estimate GDP by industry and the expenditures measure of real GDP. Table C.2.5. Compensation of Employees by Industry, Guam [Millions of dollars] 2007 2008 2009 2010 2011 2012 Total compensation .......................................................................................... 2,597 2,766 2,891 3,064 3,119 3,167 Private industries .................................................................................................... 1,250 1,346 1,370 1,444 1,439 1,498 Construction........................................................................................................... 140 169 172 187 174 170 Distributive services ............................................................................................... 240 250 239 248 249 260 Accommodations and amusement ........................................................................ 211 221 227 238 242 256 Other private .......................................................................................................... 659 706 731 771 775 812 Government ............................................................................................................. 1,347 1,420 1,521 1,620 1,680 1,669 Federal................................................................................................................... 766 825 900 967 1,005 994 Territorial ................................................................................................................ 582 594 621 653 676 675 NOTE. Detail may not add to total because of rounding. 15 December 2014 SURVEY OF CURRENT BUSINESS Table D.1.1. Gross Domestic Product, U.S. Virgin Islands [Millions of dollars] 2007 2008 2009 2010 2011 2012 2013 Gross domestic product .................................................................................. 4,853 4,266 4,260 4,406 4,288 4,143 3,792 Personal consumption expenditures .................................................................... 2,247 2,244 2,328 2,398 2,436 2,458 2,411 Goods .................................................................................................................... 1,253 1,170 1,148 1,151 1,206 1,206 1,222 Durable goods .................................................................................................... 793 703 667 637 664 668 717 Nondurable goods .............................................................................................. 460 467 482 514 542 537 505 Foods, feeds, and beverages .......................................................................... 266 274 291 299 311 335 329 Other nondurable goods ................................................................................. 194 193 190 215 230 203 176 Services ................................................................................................................. 2,108 2,208 2,184 2,247 2,304 2,394 2,408 Housing and utilities ........................................................................................... 587 636 657 660 692 705 717 Health care ......................................................................................................... 218 241 251 263 283 309 317 Food services and accommodations.................................................................. 515 533 482 504 500 522 531 Other ser vices .................................................................................................... 788 799 794 820 830 859 843 Net foreign travel .................................................................................................... –1,114 –1,135 –1,004 –1,000 –1,075 –1,142 –1,220 Private fixed investment ......................................................................................... 435 405 349 349 328 224 230 Change in private inventories ................................................................................ –540 180 210 –267 104 114 159 Net expor ts of goods and services ....................................................................... 1,636 322 195 651 219 283 –68 Exports .................................................................................................................. 14,141 18,412 10,718 12,935 14,414 3,339 2,627 Goods ................................................................................................................. 13,002 17,255 9,696 11,922 13,329 2,186 1,394 Services ............................................................................................................. 1,139 1,157 1,021 1,013 1,085 1,153 1,232 Imports................................................................................................................... 12,505 18,089 10,523 12,284 14,195 3,056 2,694 Goods ................................................................................................................. 12,251 17,861 10,310 12,067 13,943 2,932 2,572 Services ............................................................................................................. 254 228 213 217 252 124 123 Government consumption expenditures and gross investment ........................ 1,074 1,115 1,178 1,276 1,201 1,064 1,060 Federal................................................................................................................... 126 134 146 180 169 162 162 Territorial ................................................................................................................ 949 981 1,033 1,096 1,032 902 898 NOTE. Detail may not add to total because of rounding. Table D.1.2. Real Gross Domestic Product, Chained Dollars, U.S. Virgin Islands [Millions of chained (2005) dollars] 2007 2008 2009 2010 2011 2012 2013 Gross domestic product .................................................................................. 4,836 4,852 4,583 4,645 4,295 3,702 3,501 Personal consumption expenditures .................................................................... 2,076 1,960 2,035 2,073 2,062 2,058 2,000 Goods .................................................................................................................... 1,161 1,008 987 970 955 938 954 Durable goods .................................................................................................... 746 619 576 545 534 531 571 Nondurable goods .............................................................................................. 411 385 405 419 415 401 378 Foods, feeds, and beverages .......................................................................... 244 236 248 254 255 268 261 Other nondurable goods ................................................................................. 167 149 157 164 160 137 122 Services ................................................................................................................. 1,949 1,950 1,918 1,955 1,973 2,014 1,991 Housing and utilities ........................................................................................... 527 513 535 539 558 560 556 Health care ......................................................................................................... 205 220 223 228 240 257 261 Food services and accommodations.................................................................. 475 481 434 448 433 440 440 Other ser vices .................................................................................................... 743 738 725 739 739 755 731 Net foreign travel .................................................................................................... –1,034 –996 –870 –851 –863 –889 –937 Private fixed investment ......................................................................................... 397 361 311 310 287 194 196 Change in private inventories ................................................................................ –414 106 200 –197 56 59 83 Net expor ts of goods and services ....................................................................... 1,732 1,364 946 1,251 753 194 94 Exports .................................................................................................................. 11,069 11,232 10,114 9,691 8,088 1,772 1,507 Goods ................................................................................................................. 10,014 10,204 9,214 8,816 7,239 1,112 817 Services ............................................................................................................. 1,057 1,015 885 861 872 898 947 Imports................................................................................................................... 9,337 9,868 9,169 8,440 7,335 1,578 1,412 Goods ................................................................................................................. 9,092 9,645 8,954 8,235 7,145 1,501 1,337 Services ............................................................................................................. 251 211 207 200 191 94 94 Government consumption expenditures and gross investment ........................ 957 964 1,008 1,049 989 895 865 Federal................................................................................................................... 112 116 129 150 135 129 127 Territorial ................................................................................................................ 845 847 878 899 854 766 738 Addenda: Population (thousands) 1 ........................................................................................ 114.7 115.9 107.3 106.4 105.9 105.4 104.9 Per capita real GDP (chained dollars) ................................................................... 42,162 41,864 42,712 43,656 40,557 35,123 33,375 1. BEA estimates are based on data from the U.S. Virgin Islands Bureau of Economic Research and the U.S. Census Bureau. 16 Territorial Economic Accounts December 2014 Table D.1.3. Real Gross Domestic Product, U.S. Virgin Islands: Percent Change From Preceding Year 2008 2009 2010 2011 2012 2013 Gross domestic product .................................................................................. Personal consumption expenditures .................................................................... Goods .................................................................................................................... Durable goods .................................................................................................... Nondurable goods .............................................................................................. Foods, feeds, and beverages .......................................................................... Other nondurable goods ................................................................................. Services ................................................................................................................. Housing and utilities ........................................................................................... Health care ......................................................................................................... Food services and accommodations .................................................................. Other services .................................................................................................... Net foreign travel .................................................................................................... Private fixed investment ......................................................................................... Change in private inventories ................................................................................ Net exports of goods and services ....................................................................... Exports .................................................................................................................. Goods ................................................................................................................. Services ............................................................................................................. Imports................................................................................................................... Goods ................................................................................................................. Services ............................................................................................................. Government consumption expenditures and gross investment ........................ Federal ................................................................................................................... Territorial ................................................................................................................ Addendum: GDP less petroleum exports, impor ts, and change in private inventories ............. 0.3 –5.6 –13.1 –17.1 –6.2 –3.0 –10.6 0.0 –2.7 7.0 1.4 –0.7 ........................ –9.1 ........................ ........................ 1.5 1.9 –4.0 5.7 6.1 –15.9 0.7 3.5 0.3 3.4 –5.5 3.8 –2.1 –7.0 5.3 5.0 5.6 –1.6 4.4 1.5 –9.9 –1.7 ........................ –13.9 ........................ ........................ –9.9 –9.7 –12.8 –7.1 –7.2 –1.6 4.5 10.8 3.7 –5.2 1.3 1.9 –1.7 –5.4 3.3 2.5 4.5 1.9 0.8 2.0 3.3 2.0 ........................ –0.3 ........................ ........................ –4.2 –4.3 –2.6 –7.9 –8.0 –3.8 4.1 16.4 2.4 0.8 –7.5 –0.5 –1.5 –2.0 –0.9 0.1 –2.3 0.9 3.5 5.7 –3.5 0.0 ........................ –7.5 ........................ ........................ –16.5 –17.9 1.3 –13.1 –13.2 –4.5 –5.7 –9.8 –5.0 –3.6 –13.8 –0.2 –1.8 –0.6 –3.2 5.1 –14.5 2.1 0.3 7.0 1.8 2.1 ........................ –32.4 ........................ ........................ –78.1 –84.6 2.9 –78.5 –79.0 –50.6 –9.5 –4.9 –10.3 3.2 –5.4 –2.8 1.7 7.6 –5.7 –2.6 –10.9 –1.2 –0.8 1.4 0.1 –3.1 ........................ 1.3 ........................ ........................ –15.0 –26.5 5.5 –10.5 –10.9 –0.7 –3.3 –1.6 –3.6 0.6 Table D.1.4. Contributions to Percent Change in Real Gross Domestic Product, U.S. Virgin Islands 2008 2009 2010 2011 2012 2013 Percent change: Gross domestic product .................................................................................. 0.3 –5.5 1.3 –7.5 –13.8 –5.4 Percentage points: Personal consumption expenditures .................................................................... –2.87 1.94 1.02 –0.29 –0.10 –1.71 Goods .................................................................................................................... –3.78 –0.57 –0.46 –0.40 –0.46 0.50 Durable goods .................................................................................................... –3.12 –1.12 –0.84 –0.29 –0.08 1.24 Nondurable goods .............................................................................................. –0.66 0.56 0.37 –0.11 –0.38 –0.75 Foods, feeds, and beverages .......................................................................... –0.18 0.32 0.17 0.01 0.34 –0.21 Other nondurable goods ................................................................................. –0.48 0.24 0.21 –0.11 –0.72 –0.53 Services ................................................................................................................. 0.00 –0.80 0.98 0.44 1.04 –0.69 Housing and utilities ........................................................................................... –0.38 0.64 0.11 0.50 0.05 –0.14 Health care ......................................................................................................... 0.34 0.08 0.12 0.33 0.43 0.11 Food services and accommodations .................................................................. 0.16 –1.20 0.38 –0.39 0.19 0.01 Other services .................................................................................................... –0.12 –0.32 0.37 0.00 0.37 –0.66 Net foreign travel .................................................................................................... 0.92 3.31 0.51 –0.33 –0.68 –1.52 Private fixed investment ......................................................................................... –0.89 –1.28 –0.02 –0.58 –2.27 0.07 Change in private inventories ................................................................................ 17.39 2.98 –11.08 8.85 0.12 1.12 Net expor ts of goods and services ....................................................................... –13.47 –10.33 10.27 –13.93 –9.15 –4.04 Exports .................................................................................................................. 5.35 –34.37 –11.76 –54.61 –244.95 –11.82 Goods ................................................................................................................. 6.38 –30.98 –11.13 –54.90 –245.63 –13.37 Ser vices ............................................................................................................. –1.03 –3.39 –0.63 0.29 0.68 1.55 Imports................................................................................................................... –18.82 24.04 22.03 40.68 235.80 7.78 Goods ................................................................................................................. –19.75 23.96 21.84 40.45 233.09 7.76 Ser vices ............................................................................................................. 0.92 0.08 0.19 0.24 2.71 0.02 Government consumption expenditures and gross investment ........................ 0.17 1.16 1.15 –1.60 –2.41 –0.88 Federal................................................................................................................... 0.10 0.33 0.57 –0.39 –0.18 –0.06 Territorial ................................................................................................................ 0.07 0.83 0.58 –1.20 –2.23 –0.81 Table D.1.5. Price Indexes for Gross Domestic Product, U.S. Virgin Islands: Percent Change From Preceding Year 2008 2009 2010 2011 2012 2013 Gross domestic product .................................................................................. –12.4 5.7 2.1 5.3 12.1 –3.2 Personal consumption expenditures .................................................................... 5.7 0.0 1.1 2.1 1.1 0.9 17 December 2014 SURVEY OF CURRENT BUSINESS Table D.2.1. Value Added by Industry, U.S. Virgin Islands [Millions of dollars] 2007 2008 2009 2010 2011 2012 Gross domestic product .................................................................................. Private industries .................................................................................................... Goods-producing industries ................................................................................... Services-producing industries ............................................................................... Wholesale and retail trade.................................................................................. Accommodation and food ser vices .................................................................... Other services, except government.................................................................... Government ............................................................................................................. Federal................................................................................................................... Territorial ................................................................................................................ 4,853 4,047 1,468 2,579 442 412 1,726 806 126 680 4,266 3,430 986 2,444 373 420 1,650 837 132 705 4,260 3,412 1,030 2,382 360 382 1,640 849 138 710 4,406 3,505 1,023 2,482 364 405 1,713 901 151 751 4,288 3,425 951 2,474 368 396 1,709 863 146 716 4,143 3,347 819 2,528 369 415 1,744 796 145 651 NOTE. Detail may not add to total because of rounding. Table D.2.2. Real Value Added by Industry, U.S. Virgin Islands [Millions of chained (2005) dollars] 2007 2008 2009 2010 2011 2012 Gross domestic product .................................................................................. Private industries .................................................................................................... Goods-producing industries ................................................................................... Services-producing industries ............................................................................... Wholesale and retail trade.................................................................................. Accommodation and food ser vices .................................................................... Other services, except government.................................................................... Government ............................................................................................................. Federal................................................................................................................... Territorial ................................................................................................................ 4,836 4,125 1,687 2,443 427 384 1,632 718 113 605 4,852 4,122 1,920 2,291 355 390 1,545 728 115 613 4,583 3,855 1,748 2,168 336 333 1,498 720 121 599 4,645 3,910 1,703 2,237 336 352 1,548 724 123 600 4,295 3,575 1,294 2,201 321 345 1,535 702 116 586 3,702 3,011 747 2,176 308 344 1,524 669 115 553 Table D.2.3. Percent Changes in Real Value Added by Industry, U.S. Virgin Islands 2008 2009 2010 2011 2012 Gross domestic product .................................................................................. Private industries .................................................................................................... Goods-producing industries ................................................................................... Services-producing industries ............................................................................... Wholesale and retail trade.................................................................................. Accommodation and food services .................................................................... Other services, except government.................................................................... Government ............................................................................................................. Federal................................................................................................................... Territorial ................................................................................................................ 0.3 –0.1 13.8 –6.2 –16.7 1.6 –5.4 1.4 2.1 1.2 –5.5 –6.5 –9.0 –5.4 –5.4 –14.7 –3.0 –1.1 5.0 –2.3 1.3 1.4 –2.6 3.2 0.0 5.8 3.3 0.6 2.3 0.2 –7.5 –8.6 –24.0 –1.6 –4.5 –2.2 –0.8 –3.0 –5.7 –2.5 –13.8 –15.8 –42.3 –1.1 –4.2 –0.2 –0.7 –4.8 –1.3 –5.5 Table D.2.4. Contributions to Percent Change in Real Gross Domestic Product by Industry, U.S. Virgin Islands 2008 2009 2010 2011 2012 Percent change: Gross domestic product .................................................................................. Percentage points: Private industries .................................................................................................... Goods-producing industries ................................................................................... Services-producing industries ............................................................................... Wholesale and retail trade.................................................................................. Accommodation and food ser vices .................................................................... Other services, except gover nment.................................................................... Government ............................................................................................................. Federal................................................................................................................... Territorial ................................................................................................................ 0.3 –0.03 3.51 –3.54 –1.63 0.14 –2.05 0.24 0.06 0.19 –5.5 –5.23 –2.19 –3.04 –0.46 –1.44 –1.13 –0.22 0.15 –0.37 1.3 1.15 –0.63 1.78 0.00 0.52 1.26 0.12 0.07 0.04 –7.5 –6.89 –5.99 –0.89 –0.37 –0.20 –0.32 –0.60 –0.19 –0.40 –13.8 –13.00 –12.38 –0.62 –0.34 –0.02 –0.26 –0.86 –0.04 –0.82 NOTE. Percentage point contributions do not sum to the percent change in real gross domestic product because of rounding and differences in source data used to estimate GDP by industry and the expenditures measure of real GDP. Table D.2.5. Compensation of Employees by Industry, U.S. Virgin Islands [Millions of dollars] 2007 2008 2009 2010 2011 2012 Total compensation .......................................................................................... Private industries .................................................................................................... Goods-producing industries ................................................................................... Services-producing industries ............................................................................... Wholesale and retail trade.................................................................................. Accommodation and food ser vices .................................................................... Other services, except government.................................................................... Government ............................................................................................................. Federal................................................................................................................... Territorial ................................................................................................................ 2,174 1,415 369 1,046 201 199 646 758 126 632 2,223 1,428 349 1,079 203 209 667 794 132 662 2,148 1,331 323 1,008 194 184 630 818 139 678 2,278 1,404 334 1,071 193 196 682 874 152 722 2,218 1,386 317 1,070 201 200 669 832 148 684 2,055 1,315 291 1,024 201 204 620 740 146 594 NOTE. Detail may not add to total because of rounding.