FOR IMMEDIATE RELEASE |
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Mike Bergman | CB04-175 | ||
Public Information Office | |||
(301) 763-3030/457-3670 (fax) | |||
(301) 457-1037 (TDD) | |||
e-mail: pio@census.gov | |||
Economic Census | |||
Retail Trade, Tourism Pace Guam’s Economy |
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The retail trade sector of Guam’s economy recorded the most sales and receipts for goods and services ($1.3 billion) of all industries covered in the 2002 Economic Census, according to a U.S. Census Bureau report released today. The report, 2002 Economic Census of Island Areas: Guam [PDF], said tourism-related industries also comprised a large portion of Guam’s economy: accommodation and food-service businesses employed the most people (11,199), had the largest annual payroll ($169 million) and collected $630 million in receipts. Other highlights:
The report contains the first economic census information for Guam based on the North American Industry Classification System. Previous censuses were based on the Standard Industrial Classification System, so 2002 data for most industries are not directly comparable with previous economic censuses. Economic census data are subject to nonsampling error, which includes errors of response, processing, nonreporting and coverage. - X -
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