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EMBARGOED UNTIL RELEASE AT 7:00 p.m. EDT, Wednesday, November 2, 2022 Technical: Media: Christina Hovland (BEA) Connie O’Connell (BEA) Melissa Braybrooks (OIA) 301-278-9076 301-278-9003 202-336-2651 BEA 22–53 Territories@bea.gov Connie.OConnell@bea.gov Melissa_Braybrooks@ios.doi.gov Gross Domestic Product for Guam, 2021 Gross Domestic Product by Industry and Compensation by Industry, 2020 Real gross domestic product (GDP) for Guam increased 1.1 percent in 2021 after decreasing 11.4 percent in 2020 (table 1.3), according to statistics released today by the U.S. Bureau of Economic Analysis (BEA). These statistics were developed under the Statistical Improvement Program funded by the Office of Insular Affairs (OIA) of the U.S. Department of the Interior. GDP for 2021 The increase in real GDP reflected increases in personal consumption expenditures, government spending, and private fixed investment (table 1.4). These increases were partly offset by a decline in exports of goods and services. Imports, a subtraction item in the calculation of GDP, increased. Chart 1. Guam: Contributions to the Percent Change in Real GDP, 2021 Percentage points 3 2 1 2.02 1.1% 1.73 1.68 0 –1 –2 –1.35 –3 –4 –3.02 GDP Personal consumption expenditures Private fixed investment Government spending Exports Imports Note. The chart shows the percent change of total real GDP and the contributions (in percentage points) of each major component to that change. For example, personal consumption expenditures accounted for 2.02 percentage points of the 1.1 percent increase in real GDP in 2021. Imports are a subtraction item; thus, an increase in imports results in a negative contribution to GDP. U.S. Bureau of Economic Analysis Page 1 of 5 Coronavirus (COVID–19) Impact on the 2021 Guam GDP Estimate In 2021, the Guam economy was affected by the continued federal government response related to the COVID–19 pandemic. Territorial government and consumer spending were supported by federal payments authorized by the Coronavirus Aid, Relief, and Economic Security (CARES) Act of 2020; the Coronavirus Response and Relief Supplemental Appropriations (CRRSA) Act of 2021; and the American Rescue Plan Act of 2021. Expenditures funded by these payments are reflected in the GDP estimates. However, the full effects of the pandemic cannot be quantified in BEA statistics for Guam, because the impacts are generally embedded in the data sources used to estimate the components of GDP. Personal consumption expenditures increased 3.3 percent (table 1.3), primarily reflecting growth in spending on durable goods, such as motor vehicles. Consumer spending was supported by government assistance payments distributed to households through the CRRSA Act and the American Rescue Plan Act. Government spending increased 2.6 percent (table 1.3), primarily reflecting growth in territorial government spending. Territorial government spending increased 5.8 percent. The increase in spending was supported by federal grant revenues, including Coronavirus Relief Fund payments and Education Stabilization Fund payments authorized by the CARES Act and the American Rescue Plan Act. Private fixed investment increased 6.8 percent (table 1.3), reflecting growth in equipment and structures. Private-sector construction projects included retail outlets and multiunit residential developments. Exports of goods and services decreased 49.2 percent (table 1.3). The decrease in exports was accounted for by exports of services, which consists primarily of spending by visitors. Data from the Guam Visitors Bureau arrival summary reports show that visitor arrivals declined 75.8 percent, reflecting the continued effects of the COVID–19 pandemic. GDP by industry and compensation by industry for 2020 In 2020, real GDP decreased 11.4 percent. The newly available GDP by industry data, which are released on a 1-year lag, reveal that the private sector was the source of decline in real GDP in 2020 (table 2.5). The private sector decreased 18.8 percent (table 2.4), primarily reflecting a decline in accommodations, food services, and amusements. Data from the Guam Visitors Bureau arrival summary reports show that visitor arrivals declined 80.3 percent in 2020. Wholesale and retail trade also decreased, as nonessential businesses throughout Guam were subject to mandatory reductions in operations due to the COVID–19 pandemic. The government sector increased 1.4 percent (table 2.4), primarily reflecting growth in compensation for federal government employees. Page 2 of 5 Total compensation decreased from $3,557 million to $3,526 million in 2020 (table 2.6). The $31 million decrease reflected a decline in private-sector compensation. The largest contributor to the decline was accommodations, food services, and amusements. Updates to Guam GDP and Its Components Estimates for 2018–2020 that were released on December 1, 2021, have been revised to incorporate updates to source data, including the following: • Audited financial statements for the Government of Guam and its independent agencies, • Federal government contract obligations data from the U.S. General Services Administration Federal Procurement Data System, • Annual reports from the Guam Insurance Commissioner, and • Wage and employment information from the U.S. Census Bureau County Business Patterns. The revised estimates exhibit a pattern of inflation-adjusted GDP growth similar to the previously published estimates (table 1.7). Due to lags in the availability of data for various components of GDP, the statistics presented today for 2021 are preliminary estimates. For example, data covering government spending and business receipts by industry for the fourth quarter of 2021 were not available in time for incorporation into this year’s estimates of GDP. As additional source data become available, BEA will incorporate the information and will release updated estimates once a year. For more information on the data sources underlying these estimates, see Summary of Methodologies: Gross Domestic Product for American Samoa, the Commonwealth of the Northern Mariana Islands, Guam, and the U.S. Virgin Islands. Next release: Fall 2023 Gross Domestic Product for Guam, 2022 Guam GDP by Industry and Compensation by Industry, 2021 Page 3 of 5 Additional Information Resources • • • • Guam expenditures that is accounted for by goods and services provided by the rest of the world. Stay informed about BEA developments by reading The BEA Wire, signing up for BEA’s email subscription service, or following BEA on Twitter @BEA_News. Historical time series for gross domestic product for the U.S. territories can be accessed at BEA’s website. For more on BEA statistics, see our online journal, the Survey of Current Business. For upcoming economic indicators, see BEA’s news release schedule. Definitions Gross domestic product (GDP) is the value of the goods and services produced by the Guam economy less the value of the goods and services used up in production. GDP is also equal to the sum of personal consumption expenditures, private fixed investment, change in private inventories, net exports of goods and services, and government consumption expenditures and gross investment. Personal consumption expenditures measures the goods and services purchased by “persons”—that is, by households and by nonprofit institutions serving households—who are resident in Guam. Private fixed investment measures spending by Guam private businesses, nonprofit institutions, and households on structures and equipment that are used in the production of goods and services. Net exports of goods and services is the difference between exports of goods and services and imports of goods and services. Exports measures the portion of total Guam production of goods and services that is provided to the rest of the world. Imports measures the portion of total Government consumption expenditures and gross investment, or “government spending,” measures the portion of GDP that is accounted for by the government sector. Government consumption expenditures consists of spending by government to produce and provide services to the public. Gross investment consists of spending by government for fixed assets that directly benefit the public or that assist government agencies in their production activities. Gross domestic income (GDI) is the sum of incomes earned and costs incurred in the production of GDP. In national economic accounting, GDP and GDI are conceptually equal. Current-dollar estimates are valued in the prices of the period when the transactions occurred—that is, at “market value” (also referred to as “nominal estimates” or as “current-price estimates”). Real values are inflation-adjusted estimates—that is, estimates that exclude the effects of price changes. Statistical conventions Quantities (or “real” volume measures) and prices are expressed as index numbers with a specified reference year equal to 100 (currently 2012). Quantity and price indexes are calculated using a Fisher chain-weighted formula that incorporates weights from two adjacent years. “Real” dollar series are calculated by multiplying the quantity index by the current-dollar value in the reference year and then dividing by 100. Chained-dollar values are not additive, because the relative weights for a given period differ from those of the reference year. Page 4 of 5 News Release Tables Table 1.1. Gross Domestic Product Table 1.2. Real Gross Domestic Product Table 1.3. Percent Change from Preceding Year in Real Gross Domestic Product Table 1.4. Contributions to Percent Change in Real Gross Domestic Product Table 1.5. Percent Change from Preceding Year in Prices for Gross Domestic Product and Price Indexes for Gross Domestic Product Table 1.6. Gross Domestic Income Table 1.7. Revisions to Percent Change in Real Gross Domestic Product Table 2.1. Value Added by Industry Table 2.2. Value Added by Industry as a Percentage of Gross Domestic Product Table 2.3. Real Value Added by Industry Table 2.4. Percent Changes in Real Value Added by Industry Table 2.5. Contributions to Percent Change in Real Gross Domestic Product by Industry Table 2.6. Compensation of Employees by Industry Page 5 of 5 Guam November 2, 2022 Table 1.1. Gross Domestic Product Line 1 Gross domestic product ................................. 2 Personal consumption expenditures ........... 3 Goods.......................................................... 4 Durable goods.......................................... 5 Nondurable goods................................... 6 Services........................................................ 7 Net foreign travel........................................ 8 Private fixed investment ............................. 9 Net exports of goods and services................ 10 Exports ........................................................ 11 Goods ...................................................... 12 Services ................................................... 13 Imports ....................................................... 14 Goods ...................................................... 15 Services ................................................... 16 Government consumption expenditures and gross investment .................................. 17 Federal......................................................... 18 Territorial.................................................... r Revised p Preliminary Note. Detail may not add to total because of rounding. U.S. Bureau of Economic Analysis 2012 5,265 3,206 1,765 635 1,130 2,332 –891 1044 –2,033 1,004 107 896 3,037 2,395 642 3,048 1,911 1,138 [Millions of dollars] 2013 2014 2015 5,399 5,610 5,799 3,218 3,260 3,287 1,706 1,711 1,655 616 598 588 1,090 1,113 1,067 2,383 2,489 2,601 –870 –940 –969 1,233 1,355 1,256 –2,189 –2,282 –2,041 1,053 1,057 1,048 177 112 73 875 945 974 3,241 3,339 3,089 2,522 2,559 2,318 719 780 770 3,137 1,907 1,230 3,276 1,980 1,296 3,297 2,027 1,270 2016 5,901 3,384 1,693 611 1,083 2,726 –1,035 1,205 –1,917 1,119 78 1,040 3,036 2,272 764 2017 6,013 3,549 1,759 647 1,112 2,821 –1,031 1,141 –1,883 1,141 105 1,036 3,024 2,316 709 2018r 6,056 3,614 1,808 641 1,167 2,881 –1,075 1,218 –2,091 1,165 83 1,082 3,257 2,475 781 2019r 6,366 3,660 1,908 674 1,235 3,057 –1,305 1,343 –2,149 1,403 92 1,312 3,552 2,673 879 2020r 5,886 3,544 1,525 574 952 2,274 –255 1,439 –3,012 371 68 303 3,383 2,402 980 2021p 6,123 3,801 1,683 718 965 2,216 –99 1,596 –3,481 186 81 104 3,667 2,617 1,050 3,229 2,009 1,220 3,205 1,903 1,302 3,316 1,987 1,328 3,512 2,177 1,335 3,914 2,370 1,545 4,207 2,480 1,727 Guam November 2, 2022 Table 1.2. Real Gross Domestic Product Line 1 Gross domestic product.................................. 2 Personal consumption expenditures ........... 3 Goods.......................................................... 4 Durable goods.......................................... 5 Nondurable goods................................... 6 Services........................................................ 7 Net foreign travel........................................ 8 Private fixed investment ............................. 9 Net exports of goods and services................ 10 Exports ........................................................ 11 Goods ...................................................... 12 Services ................................................... 13 Imports ....................................................... 14 Goods ...................................................... 15 Services ................................................... 16 Government consumption expenditures and gross investment .................................. 17 Federal......................................................... 18 Territorial.................................................... r Revised p Preliminary U.S. Bureau of Economic Analysis [Millions of chained (2012) dollars] 2012 2013 2014 2015 2016 5,265 5,354 5,450 5,495 5,505 3,206 3,227 3,240 3,301 3,351 1,765 1,725 1,719 1,696 1,739 647 635 632 624 632 1,130 1,092 1,096 1,065 1,093 2,383 2,460 2,563 2,641 2,332 –891 –880 –940 –961 –1,032 1044 1,225 1,331 1,230 1,181 –2,033 –2,186 –2,263 –2,158 –2,068 1,004 1,065 1,061 1,044 1,122 84 107 180 114 76 896 886 946 966 1,037 3,251 3,323 3,202 3,190 3,037 2,395 2,543 2,574 2,473 2,480 642 707 748 727 711 3,048 1,911 1,138 3,087 1,894 1,193 3,141 1,932 1,208 3,126 1,957 1,171 3,051 1,920 1,133 2017 5,554 3,441 1,773 660 1,114 2,687 –1,022 1,095 –1,958 1,140 112 1,028 3,098 2,470 638 2018r 5,510 3,428 1,787 661 1,127 2,685 –1,047 1,139 –2,043 1,143 88 1,054 3,186 2,515 678 2019r 5,653 3,443 1,888 710 1,180 2,789 –1,238 1,235 –2,127 1,342 96 1,244 3,469 2,738 739 2020r 5,009 3,270 1,483 600 888 2,031 –236 1,307 –3,028 348 71 281 3,377 2,552 808 2021p 5,062 3,379 1,554 729 843 1,940 –95 1,396 –3,278 177 82 101 3,455 2,612 826 2,999 1,787 1,212 3,002 1,808 1,194 3,112 1,938 1,175 3,395 2,078 1,317 3,483 2,088 1,393 Guam November 2, 2022 Table 1.3. Percent Change from Preceding Year in Real Gross Domestic Product Line 1 Gross domestic product ................................. 2 Personal consumption expenditures ........... 3 Goods.......................................................... 4 Durable goods.......................................... 5 Nondurable goods................................... 6 Services........................................................ 7 Net foreign travel........................................ 8 Private fixed investment ............................. 9 Net exports of goods and services................ 10 Exports ........................................................ 11 Goods ...................................................... 12 Services ................................................... 13 Imports ....................................................... 14 Goods ...................................................... 15 Services ................................................... 16 Government consumption expenditures and gross investment .................................. 17 Federal......................................................... 18 Territorial.................................................... r Revised p Preliminary U.S. Bureau of Economic Analysis 2013 1.7 0.7 –2.3 –0.5 –3.3 2.2 …….. 17.3 …….. 6.1 67.2 –1.2 7.0 6.2 10.1 1.3 –0.9 4.9 [Percent] 2014 2015 1.8 0.8 0.4 1.9 –0.3 –1.4 –1.4 1.4 0.3 –2.8 3.2 4.2 …….. …….. 8.7 –7.6 …….. …….. –0.4 –1.6 –36.3 –33.3 6.8 2.1 2.2 –3.6 1.2 –3.9 5.8 –2.8 1.7 2.0 1.3 –0.5 1.3 –3.1 2016 0.2 1.5 2.6 2.4 2.7 3.0 …….. –4.0 …….. 7.5 9.9 7.3 –0.4 0.3 –2.2 2017 0.9 2.7 1.9 1.9 1.9 1.8 …….. –7.3 …….. 1.5 34.1 –0.9 –2.9 –0.4 –10.3 2018r –0.8 –0.4 0.8 0.1 1.2 –0.1 …….. 4.1 …….. 0.3 –22.0 2.6 2.9 1.8 6.3 2019r 2.6 0.4 5.6 7.4 4.7 3.9 …….. 8.4 …….. 17.4 9.1 18.0 8.9 8.9 8.9 2020r –11.4 –5.0 –21.5 –15.4 –24.8 –27.2 …….. 5.8 …….. –74.0 –25.4 –77.4 –2.7 –6.8 9.5 2021p 1.1 3.3 4.8 21.5 –5.0 –4.5 …….. 6.8 …….. –49.2 15.1 –64.2 2.3 2.4 2.2 –2.4 –1.9 –3.2 –1.7 –6.9 7.0 0.1 1.2 –1.4 3.7 7.2 –1.7 9.1 7.2 12.1 2.6 0.5 5.8 Guam Line 1 November 2, 2022 Table 1.4. Contributions to Percent Change in Real Gross Domestic Product Percent change: Gross domestic product ................................. Percentage points: 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 .................................. 17 Federal......................................................... 18 Territorial.................................................... 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 r Revised p Preliminary U.S. Bureau of Economic Analysis 2013 2014 2015 2016 2017 2018r 2019r 2020r 2021p 1.7 1.8 0.8 0.2 0.9 –0.8 2.6 –11.4 1.1 0.40 –0.76 –0.05 –0.71 0.96 0.20 3.43 –2.89 1.15 1.35 –0.20 –4.04 –2.80 –1.24 0.23 –0.09 –0.15 0.06 1.42 –1.10 1.97 –1.41 –0.08 –1.18 1.10 –1.33 –0.56 –0.77 1.08 –0.41 0.14 –0.55 1.85 –0.36 –1.80 1.81 –0.29 –0.65 0.36 2.10 1.71 0.39 0.86 0.73 0.24 0.49 1.35 –1.22 –0.86 1.54 1.34 0.12 1.22 0.20 –0.10 0.30 1.54 0.56 0.20 0.36 0.82 0.16 –1.50 1.79 0.29 0.45 –0.16 1.50 0.15 1.34 –0.22 0.23 0.02 0.22 –0.03 –0.42 0.78 –1.40 0.06 –0.38 0.44 –1.46 –0.71 –0.75 0.26 1.66 0.77 0.89 1.84 –3.24 1.69 –1.37 3.35 0.12 3.23 –4.72 –3.56 –1.16 –2.85 –6.36 –1.60 –4.76 –12.92 16.42 1.21 –14.70 –16.14 –0.36 –15.78 1.44 2.74 –1.29 2.02 1.26 2.09 –0.83 –1.74 2.50 1.68 –4.38 –3.02 0.18 –3.20 –1.35 –0.98 –0.37 0.74 –0.32 1.06 1.01 0.72 0.29 –0.27 0.44 –0.71 –1.35 –0.65 –0.70 –0.94 –2.37 1.43 0.06 0.37 –0.31 2.01 2.37 –0.36 4.96 2.44 2.52 1.73 0.18 1.55 Guam Line November 2, 2022 Table 1.5. Percent Change from Preceding Year in Prices for Gross Domestic Product and Price Indexes for Gross Domestic Product 2012 1 2 Gross domestic product ................................. Personal consumption expenditures ............. 3 4 Gross domestic product ................................. Personal consumption expenditures ............. r Revised p Preliminary U.S. Bureau of Economic Analysis 2013 2014 2015 Percent 3.4 0.8 2.1 2.5 4.7 –0.3 0.9 –1.0 Index numbers, 2012=100 100.0 100.8 102.9 105.5 100.0 99.7 100.6 99.6 2016 2017 2018r 2019r 2020r 2021p 1.6 1.4 1.0 2.1 1.5 2.2 2.5 0.8 4.3 2.0 2.9 3.8 107.2 101.0 108.3 103.2 109.9 105.4 112.6 106.3 117.5 108.4 121.0 112.5 2016 5,901 3,264 2017 6,013 3,335 2018r 6,056 3,379 2019r 6,366 3,557 2020r 5,886 3,526 2021p 6,123 3,605 408 2,229 421 2,257 468 2,209 501 2,308 277 2,083 333 2,185 Table 1.6. Gross Domestic Income Line 1 Gross domestic income................................... 2 Compensation of employees.......................... 3 Taxes on production and imports less subsidies.................................................. 4 Gross operating surplus.................................. r Revised p Preliminary Note. Detail may not add to total because of rounding. U.S. Bureau of Economic Analysis Line 2012 5,265 2,909 355 2,001 [Millions of dollars] 2013 2014 2015 5,399 5,610 5,799 2,970 3,098 3,239 365 2,064 391 2,121 393 2,167 Table 1.7. Revisions to Percent Change in Real Gross Domestic Product 1 2 Percent change: Revised........................................................... Previously published....................................... 3 Percentage points: Revision.......................................................... r Revised U.S. Bureau of Economic Analysis 2013 2014 2015 2016 2017 2018r 2019r 2020r 1.7 1.7 1.8 1.8 0.8 0.8 0.2 0.2 0.9 0.9 –0.8 –0.7 2.6 2.5 –11.4 –11.9 0.0 0.0 0.0 0.0 0.0 –0.1 0.1 0.5 Guam November 2, 2022 Table 2.1. Value Added by Industry Line 1 2 3 4 5 6 7 8 9 Gross domestic product ................................. Private industries......................................... Construction................................................ Wholesale and retail trade.......................... Accommodations, food services, and amusements…............................................ Other private............................................... Government................................................. Federal......................................................... Territorial.................................................... [Millions of dollars] 2012 2013 2014 5,265 5,399 5,610 3,169 3,247 3,371 398 443 465 551 537 552 487 1,733 2,096 1,263 833 532 1,735 2,152 1,267 884 612 1,742 2,239 1,291 948 2015 5,799 3,465 420 587 2016 5,901 3,586 376 607 2017 6,013 3,709 388 624 2018r 6,056 3,747 412 625 2019r 6,366 4,010 453 683 2020 5,886 3,426 522 496 651 1,807 2,334 1,331 1,003 708 1,895 2,315 1,295 1,020 736 1,962 2,303 1,288 1,016 759 1,951 2,309 1,302 1,007 839 2,035 2,355 1,352 1,003 395 2,013 2,460 1,437 1,023 r Revised Note. Detail may not add to total because of rounding. U.S. Bureau of Economic Analysis Table 2.2. Value Added by Industry as a Percentage of Gross Domestic Product Line 1 2 3 4 5 6 7 8 9 Gross domestic product ................................. Private industries......................................... Construction................................................ Wholesale and retail trade.......................... Accommodations, food services, and amusements…............................................ Other private............................................... Government................................................. Federal......................................................... Territorial.................................................... r Revised Note. Detail may not add to total because of rounding. U.S. Bureau of Economic Analysis 2012 100 60 8 10 9 33 40 24 16 [Percent] 2013 2014 100 100 60 60 8 8 10 10 10 32 40 23 16 11 31 40 23 17 2015 100 60 7 10 2016 100 61 6 10 2017 100 62 6 10 2018r 100 62 7 10 2019r 100 63 7 11 2020 100 58 9 8 11 31 40 23 17 12 32 39 22 17 12 33 38 21 17 13 32 38 21 17 13 32 37 21 16 7 34 42 24 17 Guam November 2, 2022 Table 2.3. Real Value Added by Industry Line 1 2 3 4 5 6 7 8 9 Gross domestic product ................................. Private industries......................................... Construction................................................ Wholesale and retail trade.......................... Accommodations, food services, and amusements…............................................ Other private............................................... Government................................................. Federal......................................................... Territorial.................................................... [Millions of chained (2012) dollars] 2012 2013 2014 2015 5,265 5,354 5,450 5,495 3,169 3,233 3,314 3,331 398 432 442 393 551 528 538 557 487 1,733 2,096 1,263 833 534 1,739 2,121 1,267 853 591 1,743 2,137 1,271 865 615 1,766 2,164 1,288 875 2016 5,505 3,383 346 579 2017 5,554 3,442 344 599 2018r 5,510 3,459 350 598 2019r 5,653 3,617 371 643 2020 5,009 2,937 419 440 657 1,802 2,123 1,242 878 675 1,826 2,114 1,220 890 677 1,835 2,055 1,198 854 739 1,864 2,041 1,217 824 338 1,733 2,069 1,270 802 r Revised U.S. Bureau of Economic Analysis Table 2.4. Percent Changes in Real Value Added by Industry Line 1 2 3 4 5 6 7 8 9 Gross domestic product ................................. Private industries......................................... Construction................................................ Wholesale and retail trade.......................... Accommodations, food services, and amusements…............................................ Other private............................................... Government................................................. Federal......................................................... Territorial.................................................... r Revised U.S. Bureau of Economic Analysis [Percent] 2013 2014 1.7 1.8 2.0 2.5 8.7 2.1 –4.2 2.0 9.7 0.3 1.2 0.3 2.4 10.6 0.2 0.8 0.3 1.4 2015 0.8 0.5 –11.0 3.5 2016 0.2 1.6 –11.9 4.0 2017 0.9 1.7 –0.6 3.4 2018r –0.8 0.5 1.7 –0.2 2019r 2.6 4.6 6.0 7.6 2020 –11.4 –18.8 12.8 –31.6 4.2 1.3 1.3 1.3 1.2 6.8 2.1 –1.9 –3.5 0.3 2.7 1.3 –0.4 –1.8 1.3 0.4 0.5 –2.8 –1.8 –4.1 9.1 1.6 –0.7 1.6 –3.6 –54.3 –7.0 1.4 4.4 –2.6 Guam Line 1 2 3 4 5 6 7 8 9 November 2, 2022 Table 2.5. Contributions to Percent Change in Real Gross Domestic Product by Industry Percent change: Gross domestic product.................................. Percentage points: Private industries......................................... Construction................................................ Wholesale and retail trade.......................... Accommodations, food services, and amusements…............................................ Other private............................................... Government................................................. Federal......................................................... Territorial.................................................... 2013 2014 2015 2016 2017 2018r 2019r 2020 1.7 1.8 0.8 0.2 0.9 –0.8 2.6 –11.4 1.22 0.66 –0.44 1.50 0.17 0.19 0.31 –0.91 0.35 0.94 –0.87 0.40 1.06 –0.04 0.35 0.30 0.11 –0.02 2.83 0.41 0.78 –11.89 0.90 –3.42 0.89 0.11 0.46 0.07 0.39 1.06 0.07 0.31 0.08 0.23 0.45 0.42 0.50 0.30 0.21 0.76 0.65 –0.75 –0.81 0.06 0.32 0.42 –0.17 –0.40 0.23 0.05 0.16 –1.08 –0.39 –0.69 1.13 0.51 –0.25 0.34 –0.59 –7.10 –2.27 0.51 0.92 –0.41 r Revised Note. Percentage-point contributions do not sum to the percent change in real gross domestic product (GDP) because of rounding and differences in source data used to estimate GDP by industry and the expenditures measure of real GDP. U.S. Bureau of Economic Analysis Table 2.6. Compensation of Employees by Industry Line 1 2 3 4 5 6 7 8 9 Total compensation........................................ Private industries......................................... Construction................................................ Wholesale and retail trade.......................... Accommodations, food services, and amusements…............................................ Other private............................................... Government................................................. Federal......................................................... Territorial.................................................... Note. Detail may not add to total because of rounding. U.S. Bureau of Economic Analysis [Millions of dollars] 2012 2013 2014 2,909 2,970 3,098 1,391 1,420 1,494 186 213 227 298 294 307 243 664 1,518 843 675 260 653 1,550 844 706 278 681 1,604 866 738 2015 3,239 1,573 213 330 2016 3,264 1,639 193 350 2017 3,335 1,722 193 367 2018 3,379 1,755 208 367 2019 3,557 1,874 263 401 2020 3,526 1,705 331 324 306 724 1,666 902 764 328 767 1,625 864 760 339 823 1,613 857 755 344 836 1,625 874 751 371 839 1,683 924 760 228 822 1,821 1,004 817
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