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 2011-2012: new estimates of GDP by industry and compensation by industry for 2011.

Hamano, Aya

IN 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. Consistent measures of economic activity are critical for understanding the territorial economies and how they have developed over time. Without such measures, it is difficult for businesses and governments to make informed economic and financial planning decisions and for policymakers to assess the impacts of their decisions on growth. For the United States, BEA produces gross domestic product (GDP) and other related economic measures as part of its national income and product accounts (NIPAs); however, these estimates cover only the 50 states and the District of Columbia. Transactions with the territories are classified as transactions with the "rest-of-the-world."

The release of the latest statistics developed under this project reflect a 1-year acceleration in the availability of the GDP estimates for all four territories. In previous years, BEA published estimates of GDP for these territories with a 2-year lag. This year, BEA released estimates for 2011 and 2012 at the same time. (2)

Highlights of the estimates of GDP include the following:

* In American Samoa, real GDP decreased 2.4 percent in 2012 after increasing 0.5 percent in 2011. The decrease in 2012 reflected decreases in consumer spending and in territorial government spending. (3) These decreases were partly offset by increases associated with the tuna canning industry, including increases in canned tuna exports and private construction.

* In the CNMI, real GDP increased 5.2 percent in 2012 after decreasing 6.8 percent in 2011. The increase in 2012 reflected growth in tourism spending and in consumer spending.

* In Guam, real GDP increased 0.5 percent in 2012 after decreasing 0.6 percent in 2011. The increase in 2012 reflected growth in tourism spending that was partly offset by decreases in federal and territorial government spending.

* In the U.S. Virgin Islands, real GDP decreased 13.2 percent in 2012 after decreasing 6.6 percent in 2011. The decrease in 2012 reflected a sharp drop in exports of goods that was primarily due to the decline of the petroleum refining industry and a decrease in territorial government spending.

The estimates of GDP for each territory are presented in more detail in this article and in the accompanying tables. Estimates of GDP by industry and compensation by industry are also included through 2011. (4) Revised estimates for 2005-2010 of GDP and GDP by industry are shown. These estimates incorporated improved methodologies and source data, including newly available data from the U.S. Census Bureau's 2010 Census of Population and Housing and from territorial government financial statements.

[GRAPHIC 1 OMITTED]

The methods used to derive the estimates of GDP and GDP by industry are summarized in the appendix "Summary of Methodologies."

American Samoa

The estimates of GDP for American Samoa show that real GDP fell 2.4 percent in 2012 after increasing 0.5 percent in 2011.

In 2012, the decrease in real GDP reflected declines in consumer spending and territorial government spending. Activities associated with the tuna canning industry offset some of these declines. Exports of goods, primarily canned tuna, increased. Private construction activity also increased, reflecting the construction of Tri Marine's cold storage facility.

In 2011, the increase in real GDP reflected an increase in territorial government spending that was partly offset by a fall in consumer spending. The growth in government spending reflected an increase in investment that was largely due to continued reconstruction efforts following the 2009 earthquake and tsunami. Consumer spending fell as residents faced increases in prices and decreases in compensation.

The GDP by industry estimates show that the government sector declined in 2011, reflecting decreases in territorial and federal government compensation. The manufacturing sector also declined, reflecting a continued contraction in output of the tuna canning industry. These declines were offset by an increase in nonmanufacturing industries, which include the construction sector.

Total compensation decreased in 2011; the largest contributor was a decrease in territorial government compensation. In contrast, compensation for nonmanufacturing industries increased.

Table A.1.1. Gross Domestic Product

[Millions of dollars]

 2005 2006 2007 2008

Gross domestic product 550 546 575 618
Personal consumption expenditures 367 375 383 411
 Goods 189 190 194 210
 Durable goods 24 23 23 28
 Nondurable goods 165 167 171 183
 Services 181 186 189 203
 Net foreign travel -3 -1 -1 -3
Private fixed investment 21 20 21 20
Change in private inventories -6 -3 -8 -17
Net exports of goods and services -81 -95 -66 -65
 Exports 507 504 512 646
 Goods 480 477 488 621
 Services 27 26 24 25
 Imports 589 599 578 711
 Goods 525 533 515 641
 Services 64 66 62 70
Government consumption
 expenditures and 250 250 245 268
 gross investment
 Federal 24 19 17 21
 Territorial 225 231 228 247

 2009 2010 2011 2012

Gross domestic product 725 642 648 725
Personal consumption expenditures 407 421 432 434
 Goods 202 211 207 200
 Durable goods 23 24 23 22
 Nondurable goods 179 186 184 178
 Services 209 216 228 238
 Net foreign travel -4 -5 -3 -4
Private fixed investment 17 22 22 24
Change in private inventories -6 -5 -3 0
Net exports of goods and services 4 -134 -168 -96
 Exports 536 368 339 487
 Goods 509 340 311 458
 Services 26 28 28 29
 Imports 532 503 507 583
 Goods 472 442 442 515
 Services 60 60 65 68
Government consumption
 expenditures and 304 337 365 363
 gross investment
 Federal 29 23 23 22
 Territorial 275 315 343 341

Note. Detail may not add to total because of rounding.

Table A.1.2. Real Gross Domestic Product

[Millions of chained (2005) dollars]

 2005 2006 2007 2008

Gross domestic product 550 528 533 524
Personal consumption expenditures 367 360 353 349
 Goods 189 185 183 183
 Durable goods 24 22 22 23
 Nondurable goods 165 162 161 159
 Services 181 177 172 169
 Net foreign travel -3 -2 -1 -2
Private fixed investment 21 20 20 20
Change in private inventories -6 -3 -7 -11
Net exports of goods and services -81 -88 -62 -75
 Exports 507 474 479 475
 Goods 480 448 456 452
 Services 27 26 23 22
 Imports 589 562 541 550
 Goods 525 497 479 486
 Services 64 65 63 64
Government consumption
 expenditures and 250 239 228 243
 gross investment
 Federal 24 18 16 18
 Territorial 225 221 212 224
Addenda:
 Population (thousands) (1) 65.5 64.8 64.8 65.1
 Per capita real GDP 8,397 8,148 8,225 8,049
 (chained dollars)

 2009 2010 2011 2012

Gross domestic product 507 513 516 504
Personal consumption expenditures 343 338 327 317
 Goods 172 171 159 149
 Durable goods 19 20 17 16
 Nondurable goods 153 151 142 133
 Services 174 171 170 170
 Net foreign travel -3 -3 -2 -2
Private fixed investment 17 23 23 25
Change in private inventories -7 -4 -2 0
Net exports of goods and services -104 -108 -113 -113
 Exports 374 315 278 292
 Goods 352 292 257 270
 Services 24 24 22 23
 Imports 478 423 391 405
 Goods 420 368 336 347
 Services 59 56 57 59
Government consumption
 expenditures and 274 291 307 299
 gross investment
 Federal 25 19 19 18
 Territorial 249 272 289 282
Addenda:
 Population (thousands) (1) 62.4 55.5 55.3 55.0
 Per capita real GDP 8,125 9,243 9,331 9,164
 (chained dollars)

1. BEA estimates based on data from the American Samoa Statistical
Yearbook and the U.S. Census Bureau.

Table A.1.3. Real Gross Domestic Product:
Percent Change From Preceding Year

 2006 2007 2008 2009

Gross domestic product -4.0 0.9 -1.6 -3.3
Personal consumption expenditures -1.8 -2.0 -1.1 -1.7
 Goods -2.2 -1.1 0.0 -5.8
 Durable goods -5.5 -2.9 7.8 -17.4
 Nondurable goods -1.7 -0.9 -1.0 -4.1
 Services -1.9 -3.1 -1.6 2.7
 Net foreign travel
Private fixed investment -6.0 3.3 -0.4 -15.6
Change in private inventories
Net exports of goods and services
 Exports -6.6 1.1 -0.9 -21.2
 Goods -6.8 1.8 -0.7 -22.2
 Services -3.2 -10.2 -4.4 4.8
 Imports -4.5 -3.7 1.7 -13.1
 Goods -5.3 -3.7 1.6 -13.7
 Services 1.7 -4.0 3.1 -8.0
Government consumption
 expenditures and gross investment -4.4 -4.5 6.5 12.8
 Federal -26.3 -13.4 17.3 36.4
 Territorial -2.0 -3.7 5.6 10.8

 2010 2011 2012

Gross domestic product 1.3 0.5 -2.4
Personal consumption expenditures -1.5 -3.2 -3.1
 Goods -0.9 -7.0 -6.1
 Durable goods 2.3 -13.7 -6.9
 Nondurable goods -1.3 -6.1 -6.0
 Services -1.7 -0.4 -0.1
 Net foreign travel
Private fixed investment 34.3 -0.4 9.9
Change in private inventories
Net exports of goods and services
 Exports -16.0 -11.6 5.0
 Goods -17.0 -12.1 5.1
 Services 1.0 -6.1 3.9
 Imports -11.7 -7.5 3.5
 Goods -12.4 -8.7 3.3
 Services -5.7 1.6 4.6
Government consumption
 expenditures and gross investment 6.2 5.7 -2.5
 Federal -23.5 -2.2 -5.5
 Territorial 9.3 6.2 -2.3

Table A.1.4. Contributions to Percent Change

in Real Gross Domestic Product

 2006 2007 2008 2009

Percent change:
 Gross domestic product -4.0 0.9 -1.6 -3.3
Percentage points:
Personal consumption -1.19 -1.36 -0.73 -1.03
 expenditures
 Goods -0.76 -0.39 0.02 -1.79
 Durable goods -0.24 -0.12 0.32 -0.71
 Nondurable goods -0.52 -0.26 -0.30 -1.08
 Services -0.62 -1.05 -0.52 0.82
 Net foreign travel 0.19 0.08 -0.23 -0.06
Private fixed investment -0.23 0.12 -0.02 -0.46
Change in private 0.72 -0.83 -0.90 0.83
 inventories
Net exports of goods -1.28 5.03 -2.62 -7.71
 and services
 Exports -6.21 1.03 -0.82 -20.47
 Goods -6.05 1.53 -0.63 -20.65
 Services -0.16 -0.49 -0.19 0.18
 Imports 4.93 4.00 -1.80 12.76
 Goods 5.12 3.53 -1.46 11.97
 Services -0.19 0.47 -0.34 0.79
Government consumption
 expenditures and
 gross investment -2.03 -2.04 2.68 5.02
 Federal -1.19 -0.47 0.51 1.12
 Territorial -0.84 -1.57 2.17 3.90

 2010 2011 2012

Percent change:
 Gross domestic product 1.3 0.5 -2.4
Percentage points:
Personal consumption -0.94 -2.16 -1.98
 expenditures
 Goods -0.26 -2.35 -1.85
 Durable goods 0.08 -0.54 -0.23
 Nondurable goods -0.35 -1.81 -1.62
 Services -0.54 -0.15 -0.03
 Net foreign travel -0.14 0.35 -0.10
Private fixed investment 0.86 -0.01 0.31
Change in private 0.40 0.34 0.42
 inventories
Net exports of goods -1.87 -0.67 0.17
 and services
 Exports -11.52 -6.80 2.87
 Goods -11.56 -6.52 2.71
 Services 0.04 -0.28 0.16
 Imports 9.65 6.13 -2.70
 Goods 9.12 6.29 -2.27
 Services 0.53 -0.15 -0.43
Government consumption
 expenditures and
 gross investment 2.88 3.01 -1.33
 Federal -1.03 -0.08 -0.18
 Territorial 3.91 3.09 -1.15

Table A.1.5. Price Indexes for Gross Domestic
Product: Percent Change From Preceding Year

 2006 2007 2008 2009

Gross domestic 3.5 4.3 9.1 21.3
 product
Personal consumption 4.0 4.2 8.5 0.9
 expenditures

 2010 2011 2012

Gross domestic -12.6 0.5 14.7
 product
Personal consumption 5.1 5.9 3.7
 expenditures

Table A.2.1. Value Added by Industry

[Millions of dollars]

 2005 2006 2007 2008

Gross domestic product 550 546 575 618
Private industries 392 390 417 455
 Manufacturing 68 67 77 112
 Nonmanufacturing 324 323 340 342
Government 158 156 158 163
 Federal 22 16 14 17
 Territorial 136 140 144 146

 2009 2010 2011

Gross domestic product 725 642 648
Private industries 556 452 461
 Manufacturing 163 41 22
 Nonmanufacturing 393 411 439
Government 168 189 187
 Federal 19 18 17
 Territorial 149 171 170

Note. Detail may not add to total because of rounding.

Table A.2.2. Real Value Added by Industry

[Millions of chained (2005) dollars]

 2005 2006 2007 2008

Gross domestic product 550 528 533 524
Private industries 392 378 384 373
 Manufacturing 68 66 68 68
 Nonmanufacturing 324 313 316 304
Government 158 149 149 152
 Federal 22 15 13 15
 Territorial 136 134 136 137

 2009 2010 2011

Gross domestic product 507 513 516
Private industries 356 356 363
 Manufacturing 54 47 44
 Nonmanufacturing 311 321 330
Government 152 160 156
 Federal 17 15 14
 Territorial 135 145 142

Table A.2.3. Percent Changes in Real Value Added by Industry

 2006 2007 2008 2009 2010 2011

Gross domestic product -4.0 0.9 -1.6 -3.3 1.3 0.5
Private industries -3.4 1.4 -2.8 -4.5 -0.1 1.9
 Manufacturing -3.7 3.5 0.1 -20.3 -12.6 -6.9
 Nonmanufacturing -3.3 0.9 -3.6 2.3 3.3 2.7
Government -5.5 -0.2 1.8 0.0 5.5 -2.9
 Federal -30.0 -15.6 16.1 11.0 -7.6 -9.5
 Territorial -1.6 1.6 0.4 -1.3 7.2 -2.2

Table A.2.4. Contributions to Percent Change
in Real Gross Domestic Product by Industry

 2006 2007 2008

Percent change:
 Gross domestic product -4.0 0.9 -1.6
Percentage points:
Private industries -2.41 0.98 -2.07
 Manufacturing -0.45 0.44 0.02
 Nonmanufacturing -1.96 0.53 -2.09
Government -1.59 -0.06 0.49
 Federal -1.20 -0.46 0.39
 Territorial -0.39 0.41 0.09

 2009 2010 2011

Percent change:
 Gross domestic product -3.3 1.3 0.5
Percentage points:
Private industries -3.42 -0.14 1.37
 Manufacturing -4.62 -2.10 -0.37
 Nonmanufacturing 1.20 1.96 1.74
Government 0.00 1.45 -0.85
 Federal 0.28 -0.22 -0.27
 Territorial -0.28 1.67 -0.58

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

[Millions of dollars]

 2005 2006 2007 2008 2009 2010 2011

Total compensation 267 263 263 278 282 284 279
Private industries 123 122 120 132 132 108 112
 Manufacturing 49 50 52 61 57 34 31
 Nonmanufacturing 74 71 68 71 75 74 81
Government 145 141 143 146 150 175 166
 Federal 22 17 15 18 20 19 18
 Territorial 122 124 128 129 130 156 148

Note. Detail may not add to total because of rounding.

Commonwealth of the Northern Mariana Islands

The estimates of GDP for the CNMI show that real GDP grew 5.2 percent in 2012 after decreasing 6.8 percent in 2011.

In 2012, the increase in real GDP reflected growth in exports of services and in consumer spending. Exports of services, which consists mostly of spending by tourists, increased 17.0 percent in 2012. This increase reflected growth in visitor arrivals to the CNMI. The growth in consumer spending reflected an increase in household purchases of durable goods, primarily motor vehicles.

In 2011, the decrease in real GDP reflected declines in exports of services, in territorial government spending, and in consumer spending. The decline in exports of services reflected a drop in arrivals from Japan; these arrivals were adversely affected by the March 2011 earthquake and tsunami. The decline in territorial government spending reflected austerity measures that were put in place by the territorial government, including a reduction in paid work hours for government employees. The decline in consumer spending reflected a decrease in household purchases of durable goods.

The GDP by industry estimates show that the economic decline in 2011 was widespread; all major industry groups except manufacturing contributed to the decrease in real GDP. The largest contributor to the decrease was the territorial government sector, which fell more than 10 percent. The decline in the territorial government sector reflected a decrease in compensation paid to government employees.

Total compensation decreased in 2011; the largest contributor was a decrease in territorial government compensation.

Table B.1.1. Gross Domestic Product

[Millions of dollars]

 2005 2006 2007 2008

Gross domestic product 1,001 918 867 846
Personal consumption 520 559 560 585
 expenditures
 Goods 337 370 357 387
 Durable goods 128 141 135 138
 Nondurable goods 209 229 222 249
 Services 418 398 389 397
 Net foreign travel -235 -209 -186 -199
Private fixed investment 41 35 24 27
Net exports of goods 67 -40 -69 -109
 and services
 Exports 910 729 526 376
 Goods 668 514 333 172
 Services 242 215 192 205
 Imports 844 769 595 486
 Goods 727 663 512 417
 Services 117 106 83 69
Government consumption
 expenditures and
 gross investment 374 364 352 343
 Federal 17 14 13 16
 Territorial 357 350 339 327

 2009 2010 2011 2012

Gross domestic product 717 716 651 701
Personal consumption 508 519 527 558
 expenditures
 Goods 342 368 374 426
 Durable goods 118 132 118 144
 Nondurable goods 224 236 256 282
 Services 355 366 358 378
 Net foreign travel -188 -215 -206 -246
Private fixed investment 27 26 23 23
Net exports of goods -165 -202 -268 -227
 and services
 Exports 218 241 229 268
 Goods 23 19 17 16
 Services 195 222 212 252
 Imports 382 443 497 496
 Goods 327 379 426 425
 Services 55 64 71 71
Government consumption
 expenditures and
 gross investment 346 373 369 347
 Federal 21 21 22 22
 Territorial 325 352 347 325

Note. Detail may not add to total because of rounding.

Table B.1.2. Real Gross Domestic Product

[Millions of chained (2005) dollars]

 2005 2006 2007 2008

Gross domestic product 1,001 920 849 740
Personal consumption 520 525 506 496
 expenditures
 Goods 337 358 338 343
 Durable goods 128 139 132 130
 Nondurable goods 209 219 206 213
 Services 418 374 349 339
 Net foreign travel -235 -206 -180 -184
Private fixed investment 41 34 23 26
Net exports of goods and 67 -9 -26 -98
 services
 Exports 910 725 516 294
 Goods 668 513 330 116
 Services 242 212 186 190
 Imports 844 734 543 392
 Goods 727 636 471 337
 Services 117 99 72 56
Government consumption
 expenditures and gross 374 368 335 314
 investment
 Federal 17 14 12 14
 Territorial 357 355 324 300
Addenda:
 Population (thousands) (1) 70.6 60.7 59.3 57.6
 Per capita real GDP 14,178 15,157 14,317 12,847
 (chained dollars)

 2009 2010 2011 2012

Gross domestic product 598 604 563 593
Personal consumption 427 433 423 443
 expenditures
 Goods 294 312 300 338
 Durable goods 107 116 100 123
 Nondurable goods 187 196 199 215
 Services 298 297 279 291
 Net foreign travel -164 -175 -156 -183
Private fixed investment 26 25 22 21
Net exports of goods and -163 -180 -194 -167
 services
 Exports 176 182 161 186
 Goods 19 16 13 12
 Services 170 180 161 188
 Imports 339 363 355 353
 Goods 295 315 304 303
 Services 44 48 51 50
Government consumption
 expenditures and gross 312 331 319 294
 investment
 Federal 19 18 18 18
 Territorial 293 313 301 276
Addenda:
 Population (thousands) (1) 55.5 53.5 52.2 51.4
 Per capita real GDP 10,775 11,290 10,785 11,537
 (chained dollars)

(1.) Source: U.S. Census Bureau

Table B.1.3. Real Gross Domestic Product:
Percent Change From Preceding Year

 2006 2007 2008 2009

 Gross domestic product -8.0 -7.7 -12.8 -19.2
Personal consumption expenditures 1.0 -3.7 -1.9 -13.9
 Goods 6.2 -5.6 1.5 -14.3
 Durable goods 8.8 -4.9 -2.1 -17.7
 Nondurable goods 4.6 -6.0 3.6 -12.4
 Services -10.6 -6.5 -3.0 -12.0
 Net foreign travel
Private fixed investment -15.7 -31.7 9.3 2.3
Net exports of goods and services
 Exports -20.4 -28.8 -43.1 -40.1
 Goods -23.2 -35.8 -64.8 -83.4
 Services -12.6 -12.2 2.4 -10.6
 Imports -13.0 -26.1 -27.7 -13.6
 Goods -12.6 -25.9 -28.6 -12.3
 Services -15.3 -27.2 -22.2 -20.9
Government consumption expenditures
 and gross investment -1.4 -9.0 -6.4 -0.5
 Federal -18.7 -11.9 19.6 31.3
 Territorial -0.6 -8.8 -7.4 -2.0

 2010 2011 2012

 Gross domestic product 1.1 -6.8 5.2
Personal consumption expenditures 1.4 -2.4 4.9
 Goods 6.0 -3.6 12.4
 Durable goods 8.5 -13.6 22.5
 Nondurable goods 4.7 1.9 7.9
 Services -0.4 -6.2 4.4
 Net foreign travel
Private fixed investment -4.0 -12.3 -3.3
Net exports of goods and services
 Exports 3.6 -11.5 15.5
 Goods -17.1 -21.5 -4.5
 Services 5.9 -10.7 17.0
 Imports 6.9 -2.1 -0.4
 Goods 6.6 -3.5 -0.1
 Services 8.2 6.5 -2.2
Government consumption expenditures
 and gross investment 5.9 -3.5 -7.7
 Federal -3.1 1.4 -0.3
 Territorial 6.5 -3.8 -8.2

Table B.1.4. Contributions to Percent Change
in Real Gross Domestic Product

 2006 2007 2008 2009

Percent change:
 Gross domestic product -8.0 -7.7 -12.8 -19.2
Percentage points:
Personal consumption 0.54 -2.28 -1.20 -9.63
 expenditures
 Goods 2.13 -2.25 0.59 -6.59
 Durable goods 1.14 -0.75 -0.30 -2.92
 Nondurable goods 0.99 -1.50 0.90 -3.67
 Services -4.56 -2.86 -1.27 -5.66
 Net foreign travel 2.98 2.84 -0.52 2.62
Private fixed investment -0.65 -1.21 0.24 0.07
Net exports of goods and -7.39 -0.63 -9.41 -9.49
 services
 Exports -18.58 -22.75 -27.98 -16.90
 Goods -15.50 -19.90 -28.47 -14.26
 Services -3.08 -2.85 0.49 -2.65
 Imports 11.19 22.12 18.57 7.41
 Goods 9.34 18.89 16.54 5.70
 Services 1.85 3.24 2.03 1.71
Government consumption
 expenditures and gross -0.54 -3.63 -2.46 -0.20
 investment
 Federal -0.32 -0.19 0.28 0.59
 Territorial -0.22 -3.44 -2.73 -0.79

 2010 2011 2012

Percent change:
 Gross domestic product 1.1 -6.8 5.2
Percentage points:
Personal consumption 1.02 -1.78 3.96
 expenditures
 Goods 2.90 -1.94 7.11
 Durable goods 1.43 -2.58 4.02
 Nondurable goods 1.48 0.64 3.09
 Services -0.18 -3.28 2.42
 Net foreign travel -1.71 3.44 -5.57
Private fixed investment -0.15 -0.46 -0.12
Net exports of goods and -2.70 -2.65 5.74
 services
 Exports 1.13 -4.08 5.42
 Goods -0.55 -0.61 -0.11
 Services 1.68 -3.46 5.53
 Imports -3.83 1.42 0.32
 Goods -3.17 2.02 0.09
 Services -0.66 -0.60 0.23
Government consumption
 expenditures and gross 2.91 -1.88 -4.38
 investment
 Federal -0.09 0.04 -0.01
 Territorial 3.01 -1.93 -4.37

Table B.1.5. Price Indexes for Gross Domestic Product:
Percent Change From Preceding Year

 2006 2007 2008 2009 2010 2011 2012

Gross domestic -0.3 2.4 12.0 4.9 -1.2 -2.5 2.3
 product
Personal 6.4 4.0 6.7 0.9 0.6 4.0 1.0
 consumption
 expenditures

Table B.2.1. Value Added by Industry
[Millions of dollars]

 2005 2006 2007 2008

 Gross domestic product 1,001 918 867 846
Private industries 748 682 626 618
 Manufacturing 353 247 176 66
 Distributive services 100 104 120 104
 Accommodations and amusement 71 89 73 117
 Other private 223 242 257 332
Government 253 235 241 229
 Federal 14 13 13 15
 Territorial 240 223 228 214

 2009 2010 2011

 Gross domestic product 717 716 651
Private industries 490 485 438
 Manufacturing 25 24 24
 Distributive services 88 93 87
 Accommodations and amusement 109 109 91
 Other private 267 260 236
Government 228 231 213
 Federal 16 14 14
 Territorial 211 217 199

Note. Detail may not add to total because of rounding.

Table B.2.2. Real Value Added by Industry
[Millions of chained (2005) dollars]

 2005 2006 2007 2008

 Gross domestic product 1,001 920 849 740
Private industries 748 676 616 525
 Manufacturing 353 252 182 35
 Distributive services 100 102 116 101
 Accommodations and amusement 71 85 68 107
 Other private 223 236 245 314
Government 253 245 233 213
 Federal 14 12 11 13
 Territorial 240 232 222 200

 2009 2010 2011

 Gross domestic product 598 604 563
Private industries 402 405 379
 Manufacturing 27 26 27
 Distributive services 78 85 83
 Accommodations and amusement 93 95 86
 Other private 230 224 207
Government 207 206 186
 Federal 14 12 11
 Territorial 192 194 174

Table B.2.3. Percent Changes in Real Value Added by Industry

 2006 2007 2008

 Gross domestic product -8.0 -7.7 -12.8
Private industries -9.5 -8.9 -14.7
 Manufacturing -28.6 -27.6 -81.1
 Distributive services 1.7 13.6 -13.0
 Accommodations and amusement 18.7 -19.3 56.8
 Other private 5.8 4.0 28.2
Government -3.4 -4.7 -8.6
 Federal -10.2 -6.1 12.1
 Territorial -3.0 -4.6 -9.7

 2009 2010 2011

 Gross domestic product -19.2 1.1 -6.8
Private industries -23.4 0.8 -6.6
 Manufacturing -22.4 -4.5 6.2
 Distributive services -22.6 9.9 -2.9
 Accommodations and amusement -13.6 3.0 -9.7
 Other private -26.8 -2.5 -7.8
Government -3.2 -0.3 -9.8
 Federal 10.0 -16.8 -2.7
 Territorial -4.1 1.0 -10.3

Table B.2.4. Contributions to Percent Change
in Real Gross Domestic Product by Industry

 2006 2007 2008

Percent change:
 Gross domestic product -8.0 -7.7 -12.8
Percentage points:
Private industries -7.17 -6.56 -11.02
 Manufacturing -10.03 -7.29 -21.48
 Distributive services 0.17 1.54 -1.64
 Accommodations and amusement 1.37 -1.87 4.42
 Other private 1.32 1.05 7.69
Government -0.84 -1.23 -2.21
 Federal -0.14 -0.09 0.16
 Territorial -0.69 -1.14 -2.37

 2009 2010 2011

Percent change:
 Gross domestic product -19.2 1.1 -6.8
Percentage points:
Private industries -17.11 0.56 -4.42
 Manufacturing -1.41 -0.15 0.20
 Distributive services -2.87 1.19 -0.37
 Accommodations and amusement -1.93 0.45 -1.43
 Other private -10.90 -0.92 -2.82
Government -0.86 -0.09 -3.23
 Federal 0.17 -0.39 -0.05
 Territorial -1.03 0.30 -3.18

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
[Millions of dollars]

 2005 2006 2007 2008

 Total compensation 659 598 569 518
Private industries 418 375 353 303
 Manufacturing 203 145 91 30
 Distributive services 45 50 66 59
 Accommodations and amusement 54 66 60 77
 Other private 117 114 136 137
Government 240 222 216 215
 Federal 14 13 13 15
 Territorial 226 209 203 200

 2009 2010 2011

 Total compensation 514 525 508
Private industries 300 310 314
 Manufacturing 10 9 9
 Distributive services 60 63 69
 Accommodations and amusement 89 90 86
 Other private 141 147 150
Government 214 216 194
 Federal 17 15 15
 Territorial 197 201 180

Note. Detail may not add to total because of rounding.

Guam

The estimates of GDP for Guam show that real GDP increased 0.5 percent in 2012 after decreasing 0.6 percent in 2011.

In 2012, the increase in real GDP reflected an improvement in the trade balance that was partly offset by decreases in government spending. Exports of services, which consists primarily of spending by tourists, contributed significantly to economic growth. Both federal and territorial government spending detracted from growth as government construction activity fell and compensation of employees decreased.

In 2011, the decrease in real GDP reflected a decrease in private fixed investment and a deterioration in the trade balance. These decreases were partly offset by growth in territorial government spending. The decrease in private fixed investment reflected a drop in private construction activity, including the suspension of a major residential construction project. The increase in territorial government spending reflected growth in government construction activity; projects during this period included construction of a high school and various road projects.

The GDP by industry estimates show that the private sector was the source of the decrease in real GDP in 2011. The largest contributor to the decline was the construction sector. The government sector, which includes the territorial government and the federal government, increased. This increase reflected growth in compensation of government employees.

Total compensation increased in 2011, reflecting increases in federal and territorial government compensation that were partly offset by decreases in compensation for the construction sector and for "other" private industries.

Table C.1.1. Gross Domestic Product
[Millions of dollars]

 2005 2006 2007 2008

 Gross domestic product 4,056 4,077 4,207 4,339
Personal consumption expenditures 2,627 2,650 2,754 2,907
 Goods 1,399 1,400 1,412 1,484
 Durable goods 506 506 518 545
 Nondurable goods 893 894 894 939
 Services 1,935 1,996 2,043 2,078
 Net foreign travel -707 -746 -700 -655
Private fixed investment 145 164 217 252
Net exports of goods and services -894 -996 -1,255 -1,430
 Exports 782 830 820 793
 Goods 70 80 115 133
 Services 712 750 705 660
 Imports 1,675 1,826 2,075 2,223
 Goods 1,579 1,733 1,949 2,091
 Services 96 93 126 132
Government consumption 2,179 2,258 2,490 2,610
 expenditures and gross
 investment
 Federal 1,385 1,410 1,579 1,698
 Territorial 794 849 911 913

 2009 2010 2011

 Gross domestic product 4,541 4,588 4,555
Personal consumption expenditures 2,921 2,865 2,926
 Goods 1,312 1,229 1,284
 Durable goods 476 437 446
 Nondurable goods 837 792 838
 Services 2,177 2,213 2,246
 Net foreign travel -568 -577 -603
Private fixed investment 236 233 202
Net exports of goods and services -1,423 -1,467 -1,665
 Exports 671 656 742
 Goods 98 73 133
 Services 574 582 609
 Imports 2,094 2,122 2,407
 Goods 1,967 1,988 2,243
 Services 127 135 163
Government consumption 2,806 2,958 3,092
 expenditures and gross
 investment
 Federal 1,857 1,919 1,961
 Territorial 950 1,039 1,131

 2012

 Gross domestic product 4,761
Personal consumption expenditures 3,041
 Goods 1,331
 Durable goods 460
 Nondurable goods 871
 Services 2,412
 Net foreign travel -702
Private fixed investment 204
Net exports of goods and services -1,577
 Exports 814
 Goods 107
 Services 707
 Imports 2,391
 Goods 2,241
 Services 150
Government consumption 3,093
 expenditures and gross
 investment
 Federal 1,974
 Territorial 1,118

Note. Detail may not add to total because of rounding.

Table C.1.2. Real Gross Domestic Product
[Millions of chained (2005) dollars]

 2005 2006 2007

 Gross domestic product 4,056 3,916 3,939
Personal consumption 2,627 2,543 2,575
 expenditures
 Goods 1,399 1,332 1,328
 Durable goods 506 501 512
 Nondurable goods 893 832 818
 Services 1,935 1,909 1,887
 Net foreign travel -707 -697 -641
Private fixed investment. 145 155 200
Net exports of goods and -894 -936 -1,107
 services
 Exports 782 777 746
 Goods 70 75 101
 Services 712 702 645
 Imports 1,675 1,713 1,853
 Goods 1,579 1,627 1,740
 Services 96 86 114
Government consumption 2,179 2,154 2,275
 expenditures and gross
 investment
 Federal 1,385 1,341 1,441
 Territorial 794 813 833
Addenda:
 Population (thousands) (1) 157.1 157.5 158.0
 Per capita real GDP 25,818 24,863 24,930
 (chained dollars)

 2008 2009 2010

 Gross domestic product 3,999 4,007 4,060
Personal consumption 2,574 2,559 2,484
 expenditures
 Goods 1,291 1,137 1,075
 Durable goods 501 439 410
 Nondurable goods 791 699 666
 Services 1,842 1,897 1,887
 Net foreign travel -562 -478 -482
Private fixed investment. 228 219 216
Net exports of goods and -1,110 -1,230 -1,191
 services
 Exports 671 565 546
 Goods 104 82 59
 Services 566 482 486
 Imports 1,781 1,794 1,737
 Goods 1,670 1,689 1,629
 Services 112 105 109
Government consumption 2,306 2,463 2,553
 expenditures and gross
 investment
 Federal 1,500 1,637 1,661
 Territorial 806 826 891
Addenda:
 Population (thousands) (1) 158.4 158.9 159.4
 Per capita real GDP 25,246 25,217 25,471
 (chained dollars)

 2011 2012

 Gross domestic product 4,036 4,057
Personal consumption 2,477 2,490
 expenditures
 Goods 1,085 1,086
 Durable goods 415 422
 Nondurable goods 671 666
 Services 1,875 1,949
 Net foreign travel -486 -545
Private fixed investment. 183 182
Net exports of goods and -1,210 -1,159
 services
 Exports 592 629
 Goods 99 78
 Services 490 550
 Imports 1,802 1,788
 Goods 1,674 1,674
 Services 128 114
Government consumption 2,590 2,543
 expenditures and gross
 investment
 Federal 1,648 1,616
 Territorial 941 927
Addenda:
 Population (thousands) (1) 159.5 159.8
 Per capita real GDP 25,304 25,388
 (chained dollars)

(1.) Source: U.S. Census Bureau

Table C.1.3. Real Gross Domestic Product:
Percent Change From Preceding Year

 2006 2007 2008 2009

 Gross domestic product -3.5 0.6 1.5 0.2
Personal consumption expenditures -3.2 1.2 0.0 -0.6
 Goods -4.8 -0.3 -2.8 -11.9
 Durable goods -1.0 2.1 -2.0 -12.5
 Nondurable goods -6.9 -1.7 -3.3 -11.6
 Services -1.3 -1.1 -2.4 3.0
 Net foreign travel ... ... ... ...
Private fixed investment 7.2 29.0 14.0 -4.2
Net exports of goods and services ... ... ... ...
 Exports -0.7 -3.9 -10.1 -15.8
 Goods 6.4 34.4 3.1 -21.0
 Services -1.4 -8.1 -12.3 -14.8
 Imports 2.2 8.2 -3.9 0.7
 Goods 3.0 6.9 -4.0 1.2
 Services -10.6 32.3 -1.7 -5.7
Government consumption expenditures
 and gross investment -1.1 5.6 1.4 6.8
 Federal -3.2 7.5 4.1 9.1
 Territorial 2.4 2.5 -3.2 2.4

 2010 2011 2012

 Gross domestic product 1.3 -0.6 0.5
Personal consumption expenditures -3.0 -0.3 0.5
 Goods -5.4 0.9 0.1
 Durable goods -6.4 1.2 1.7
 Nondurable goods -4.8 0.7 -0.7
 Services -0.5 -0.6 3.9
 Net foreign travel ... ... ...
Private fixed investment -1.4 -15.1 -0.7
Net exports of goods and services ... ... ...
 Exports -3.2 8.3 6.2
 Goods -27.3 66.4 -21.6
 Services 0.9 0.8 12.2
 Imports -3.2 3.7 -0.8
 Goods -3.6 2.8 0.0
 Services 2.9 17.6 -10.9
Government consumption expenditures
 and gross investment 3.7 1.4 -1.8
 Federal 1.5 -0.8 -1.9
 Territorial 7.9 5.6 -1.6

Table C.1.4. Contributions to Percent Change
in Real Gross Domestic Product

 2006 2007 2008 2009

Percent change:
 Gross domestic product -3.5 0.6 1.5 0.2
Percentage points:
Personal consumption expenditures -2.06 0.81 -0.03 -0.38
 Goods -1.66 -0.11 -0.97 -4.01
 Durable goods -0.12 0.26 -0.25 -1.54
 Nondurable goods -1.54 -0.37 -0.72 -2.47
 Services -0.64 -0.56 -1.17 1.40
 Net foreign travel 0.25 1.48 2.11 2.23
Private fixed investment 0.26 1.17 0.72 -0.23
Net exports of goods and services -1.07 -4.51 -0.01 -3.20
 Exports -0.13 -0.79 -2.02 -2.84
 Goods 0.11 0.69 0.09 -0.61
 Services -0.25 -1.48 -2.11 -2.23
 Imports -0.94 -3.72 2.01 -0.36
 Goods -1.19 -2.98 1.96 -0.53
 Services 0.26 -0.74 0.05 0.17
Government consumption expenditures
 and gross investment -0.61 3.13 0.83 4.01
 Federal -1.09 2.61 1.54 3.51
 Territorial 0.48 0.52 -0.71 0.50

 2010 2011 2012

Percent change:
 Gross domestic product 1.3 -0.6 0.5
Percentage points:
Personal consumption expenditures -1.91 -0.17 0.34
 Goods -1.56 0.24 0.02
 Durable goods -0.67 0.12 0.16
 Nondurable goods -0.88 0.13 -0.14
 Services -0.25 -0.31 1.94
 Net foreign travel -0.11 -0.10 -1.63
Private fixed investment -0.07 -0.77 -0.03
Net exports of goods and services 1.02 -0.57 1.41
 Exports -0.48 1.22 1.00
 Goods -0.60 1.12 -0.62
 Services 0.12 0.10 1.63
 Imports 1.51 -1.79 0.41
 Goods 1.59 -1.27 0.01
 Services -0.08 -0.53 0.39
Government consumption expenditures
 and gross investment 2.28 0.95 -1.20
 Federal 0.61 -0.34 -0.82
 Territorial 1.67 1.29 -0.38

Table C.1.5. Price Indexes for Gross Domestic Product:
Percent Change From Preceding Year

 2006 2007 2008 2009 2010 2011 2012

Gross domestic 4.1 2.6 1.6 4.4 -0.3 -0.1 4.0
 product
Personal 4.2 2.6 5.6 1.1 1.1 2.4 3.4
 consumption
 expenditures

Table C.2.1. Value Added by Industry
[Millions of dollars]

 2005 2006 2007 2008

 Gross domestic product 4,056 4,077 4,207 4,339
Private industries 2,403 2,354 2,371 2,420
 Construction 156 176 269 308
 Distributive services 476 454 433 445
 Accommodations and amusement 382 380 377 389
 Other private 1,390 1,344 1,292 1,278
Government 1,653 1,723 1,835 1,919
 Federal 998 1,046 1,122 1,195
 Territorial 655 677 713 723

 2009 2010 2011

 Gross domestic product 4,541 4,588 4,555
Private industries 2,485 2,424 2,319
 Construction 314 321 281
 Distributive services 423 402 391
 Accommodations and amusement 391 392 391
 Other private 1,357 1,309 1,256
Government 2,056 2,164 2,237
 Federal 1,304 1,362 1,409
 Territorial 752 802 828

Note. Detail may not add to total because of rounding.

Table C.2.2. Real Value Added by Industry
[Millions of chained (2005) dollars]

 2005 2006 2007 2008

 Gross domestic product 4,056 3,916 3,939 3,999
Private industries 2,403 2,273 2,259 2,290
 Construction 156 160 234 269
 Distributive services 476 443 424 435
 Accommodations and amusement 382 363 356 360
 Other private 1,390 1,306 1,238 1,217
Government 1,653 1,643 1,676 1,702
 Federal 998 995 1,023 1,058
 Territorial 655 648 653 643

 2009 2010 2011

 Gross domestic product 4,007 4,060 4,036
Private industries 2,224 2,211 2,150
 Construction 261 279 247
 Distributive services 387 385 376
 Accommodations and amusement 343 355 367
 Other private 1,222 1,180 1,151
Government 1,783 1,839 1,859
 Federal 1,148 1,169 1,177
 Territorial 636 670 683

Table C.2.3. Percent Changes in Real Value Added by Industry

 2006 2007 2008

 Gross domestic product -3.5 0.6 1.5
Private industries -5.4 -0.6 1.4
 Construction 2.9 45.9 15.0
 Distributive services -6.8 -4.3 2.5
 Accommodations and amusement -4.9 -1.9 1.0
 Other private -6.1 -5.2 -1.7
Government -0.6 2.1 1.5
 Federal -0.4 2.9 3.5
 Territorial -1.0 0.8 -1.5

 2009 2010 2011

 Gross domestic product 0.2 1.3 -0.6
Private industries -2.9 -0.6 -2.7
 Construction -2.9 7.1 -11.7
 Distributive services -10.9 -0.7 -2.2
 Accommodations and amusement -4.5 3.5 3.3
 Other private 0.4 -3.4 -2.5
Government 4.8 3.1 1.1
 Federal 8.5 1.9 0.6
 Territorial -1.2 5.3 1.9

Table C.2.4. Contributions to Percent Change
in Real Gross Domestic Product by Industry

 2006 2007 2008

Percent change:
 Gross domestic product -3.5 0.6 1.5
Percentage points:
 Private industries -3.21 -0.36 0.77
 Construction 0.11 2.00 0.95
 Distributive services -0.79 -0.48 0.26
 Accommodations and amusement -0.46 -0.18 0.09
 Other private -2.07 -1.70 -0.53
Government -0.26 0.87 0.67
 Federal -0.09 0.74 0.93
 Territorial -0.17 0.14 -0.26

 2009 2010 2011

Percent change:
 Gross domestic product 0.2 1.3 -0.6
Percentage points:
 Private industries -1.62 -0.31 -1.43
 Construction -0.21 0.48 -0.81
 Distributive services -1.13 -0.07 -0.19
 Accommodations and amusement -0.41 0.29 0.27
 Other private 0.13 -1.02 -0.71
Government 2.10 1.43 0.52
 Federal 2.29 0.54 0.18
 Territorial -0.19 0.89 0.34

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
[Millions of dollars]

 2005 2006 2007 2008

 Total compensation 2,366 2,439 2,597 2,767
Private industries 1,128 1,161 1,250 1,347
 Construction 99 114 140 169
 Distributive services 237 241 240 250
 Accommodations and amusement 207 210 211 222
 Other private 584 597 659 706
Government 1,238 1,278 1,347 1,420
 Federal 712 724 766 825
 Territorial 526 554 582 594

 2009 2010 2011

 Total compensation 2,892 3,051 3,098
Private industries 1,371 1,443 1,427
 Construction 172 187 174
 Distributive services 239 248 249
 Accommodations and amusement 228 239 243
 Other private 731 770 762
Government 1,521 1,607 1,671
 Federal 900 955 996
 Territorial 621 653 676

Note. Detail may not add to total because of rounding.

U.S. Virgin Islands

The estimates of GDP for the U.S. Virgin Islands show that real GDP decreased 13.2 percent in 2012 after decreasing 6.6 percent in 2011.

In 2012, the decline in real GDP reflected a decrease in exports of goods and in territorial government spending. The decrease in exports of goods reflected 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 imports, exports, and inventory investment of the petroleum refining industry, GDP would have increased 2.6 percent in 2012, primarily reflecting growth in exports of rum.) The decrease in territorial government spending reflected a decline in government construction activity and a drop in compensation of government employees.

In 2011, the decline in real GDP also reflected decreases in exports of goods, primarily of petroleum, and in territorial government spending.

The GDP by industry estimates show that goods-producing industries, which include petroleum refining, were the primary source of the decrease in real GDP in 2011. The decline in goods-producing industries reflected a decline in the construction industry and in the petroleum refining industry. The government sector, which includes the territorial government and the federal government, also contributed to the decline in real GDP. This decline largely reflected a decrease in government compensation.

Total compensation decreased significantly in 2011; the largest contributor was a decrease in territorial government compensation. The Virgin Islands Economic Stability Act, signed in July of 2011, reduced government salaries by 8 percent for 2 years. Compensation of employees in goods-producing industries also decreased significantly, reflecting the decline of the petroleum refining industry and a drop in construction activity.

Table D.1.1. Gross Domestic Product

[Millions of dollars]

 2005 2006 2007 2008

 Gross 4,457 4,546 4,853 4,266
 domestic product

Personal consumption 2,065 2,246 2,247 2,244
 expenditures

 Goods 1,211 1,337 1,253 1,170

 Durable goods 851 922 793 703
 Nondurable goods 360 415 460 467

 Foods, feeds, 236 251 266 274
 and beverages
 other nondurable 124 164 194 193
 goods

 Services 1,907 1,986 2,108 2,208

 Housing and 498 526 587 636
 utilities
 Health care 179 197 218 241
 Food services 491 510 515 533
 and accommodations
 other services 740 754 788 799

 Net foreign travel -1,052 -1,077 -1,114 -1,135

Private fixed 446 490 435 405
 investment
Change in private -5 -30 -540 180
 inventories
Net exports of 1,138 879 1,636 322
 goods and
 services

 Exports 11,632 12,730 14,141 18,412

 Goods 10,556 11,628 13,002 17,255
 Services 1,076 1,102 1,139 1,157

 Imports 10,495 11,850 12,505 18,089

 Goods 10,243 11,615 12,251 17,861
 Services 252 235 254 228

Government
 consumption 814 960 1,074 1,115
 expenditures
 and gross
 investment

 Federal 110 117 126 134
 Territorial 704 843 949 981

 2009 2010 2011 2012

 Gross 4,260 4,426 4,356 4,233
 domestic product

Personal consumption 2,328 2,415 2,511 2,533
 expenditures

 Goods 1,148 1,151 1,206 1,172

 Durable goods 667 637 664 638
 Nondurable goods 482 514 542 535

 Foods, feeds, 291 299 311 319
 and beverages
 other nondurable 190 215 230 215
 goods

 Services 2,184 2,264 2,329 2,388

 Housing and 657 658 671 684
 utilities
 Health care 251 267 289 315
 Food services 482 513 526 528
 and accommodations
 other services 794 826 843 861

 Net foreign travel -1,004 -1,000 -1,024 -1,027

Private fixed 349 367 352 273
 investment
Change in private 210 -267 124 178
 inventories
Net exports of 195 653 173 192
 goods and
 services

 Exports 10,718 12,935 14,364 3,227

 Goods 9,696 11,922 13,329 2,189
 Services 1,021 1,013 1,035 1,038

 Imports 10,523 12,282 14,191 3,036

 Goods 10,310 12,067 13,943 2,916
 Services 213 215 248 119

Government
 consumption 1,178 1,258 1,197 1,057
 expenditures
 and gross
 investment

 Federal 146 180 170 165
 Territorial 1,033 1,078 1,027 892

NOTE. Detail may not add to total because of rounding.

Table D.1.2. Real Gross Domestic Product

[Millions of chained (2005) dollars]

 2005 2006 2007 2008

 Gross domestic 4,457 4,635 4,836 4,851
 product

Personal 2,065 2,189 2,076 1,961
 consumption
 expenditures

 Goods 1,211 1,292 1,161 1,008

 Durable goods 851 906 746 619
 Nondurable goods 360 385 411 385

 Foods, feeds, 236 235 244 236
 and beverages
 Other nondurable 124 150 167 149
 goods

 Services 1,907 1,930 1,949 1,950

 Housing and 498 524 527 513
 utilities
 Health care 179 192 205 220
 Food services and 491 491 475 481
 accommodations
 other services 740 723 743 738

 Net foreign travel -1,052 -1,032 -1,034 -996

Private fixed 446 462 397 361
 investment
Change in private -5 -26 -414 106
 inventories
Net exports of 1,138 1,122 1,732 1,364
 goods and
 services

 Exports 11,632 11,029 11,069 11,231

 Goods 10,556 9,974 10,014 10,204
 Services 1,076 1,057 1,057 1,014

 Imports 10,495 9,907 9,337 9,868

 Goods 10,243 9,675 9,092 9,645
 Services 252 232 251 211

Government 814 869 957 964
 consumption
 expenditures
 and gross
 investment

 Federal 110 110 112 116
 Territorial 704 759 845 847

Addenda:

 Population 111.5 113.7 114.7 115.9
 (thousands) (1)
 Per capita 39,973 40,765 42,162 41,855
 real GDP
 (chained
 dollars)

 2009 2010 2011 2012

 Gross domestic 4,583 4,660 4,351 3,778
 product

Personal 2,036 2,087 2,123 2,116
 consumption
 expenditures

 Goods 987 970 956 913

 Durable goods 576 545 534 507
 Nondurable goods 405 419 415 399

 Foods, feeds, 248 254 254 255
 and beverages
 Other nondurable 157 164 161 145
 goods

 Services 1,918 1,967 1,990 2,005

 Housing and 535 538 541 544
 utilities
 Health care 223 231 245 262
 Food services and 434 455 454 444
 accommodations
 other services 725 742 749 754

 Net foreign travel -868 -849 -822 -799

Private fixed 311 327 307 235
 investment
Change in private 200 -197 67 92
 inventories
Net exports of 945 1,252 723 144
 goods and
 services

 Exports 10,113 9,690 8,055 1,710

 Goods 9,214 8,816 7,239 1,114
 Services 884 860 830 807

 Imports 9,169 8,439 7,332 1,567

 Goods 8,954 8,235 7,144 1,493
 Services 207 198 187 90

Government 1,008 1,032 981 888
 consumption
 expenditures
 and gross
 investment

 Federal 129 151 137 131
 Territorial 878 881 845 757

Addenda:

 Population 107.3 106.4 105.9 105.4
 (thousands) (1)
 Per capita 42,712 43,797 41,086 35,844
 real GDP
 (chained
 dollars)

(1.) BEA estimates based on data from the U.S. Virgin Islands
Bureau of Economic Research and the U.S. Census Bureau.

Table D.1.3. Real Gross Domestic Product:
Percent Change From Preceding Year

 2006 2007 2008 2009

 Gross 4.0 4.3 0.3 -5.5
 domestic
 product

Personal 6.0 -5.2 -5.5 3.8
 consumption
 expenditures

 Goods 6.7 -10.1 -13.1 -2.1

 Durable goods 6.6 -17.7 -17.1 -7.0
 Nondurable goods 7.0 6.6 -6.2 5.3

 Foods, feeds, -0.3 3.6 -3.0 5.0
 and beverages
 other nondurable 20.7 11.1 -10.6 5.6
 goods

 Services 1.2 1.0 0.0 -1.6

 Housing and 5.2 0.6 -2.7 4.4
 utilities
 Health care 7.3 7.2 7.0 1.5
 Food services and 0.1 -3.3 1.4 -9.9
 accommodations
 other services -2.2 2.7 -0.7 -1.7

 Net foreign travel

Private fixed 3.6 -13.9 -9.2 -13.8
 investment
Change in private
 inventories
Net exports of
 goods and services

 Exports -5.2 0.4 1.5 -10.0

 Goods -5.5 0.4 1.9 -9.7
 Services -1.8 0.0 -4.0 -12.9

 Imports -5.6 -5.8 5.7 -7.1

 Goods -5.6 -6.0 6.1 -7.2
 Services -7.9 8.2 -15.9 -1.6

Government 6.8 10.1 0.7 4.5
 consumption
 expenditures
 and gross
 investment

 Federal 0.7 1.8 3.5 10.8
 Territorial 7.8 11.3 0.3 3.7

Addendum:

 GDP less 4.0 0.2 3.4 -5.2
 petroleum
 exports, imports,
 and change in
 private
 inventories

 2010 2011 2012

 Gross 1.7 -6.6 -13.2
 domestic
 product

Personal 2.5 1.7 -0.3
 consumption
 expenditures

 Goods -1.7 -1.5 -4.5

 Durable goods -5.4 -2.0 -5.0
 Nondurable goods 3.3 -0.9 -3.8

 Foods, feeds, 2.5 0.1 0.3
 and beverages
 other nondurable 4.6 -2.3 -9.4
 goods

 Services 2.5 1.2 0.7

 Housing and 0.5 0.6 0.4
 utilities
 Health care 3.7 6.1 7.0
 Food services and 4.9 -0.1 -2.3
 accommodations
 other services 2.4 0.9 0.7

 Net foreign travel

Private fixed 5.0 -6.2 -23.4
 investment
Change in private
 inventories
Net exports of
 goods and services

 Exports -4.2 -16.9 -78.8

 Goods -4.3 -17.9 -84.6
 Services -2.7 -3.4 -2.8

 Imports -8.0 -13.1 -78.6

 Goods -8.0 -13.2 -79.1
 Services -4.7 -5.2 -51.9

Government 2.4 -4.9 -9.6
 consumption
 expenditures
 and gross
 investment

 Federal 17.3 -9.8 -4.2
 Territorial 0.3 -4.1 -10.5

Addendum:

 GDP less 1.2 -3.0 2.6
 petroleum
 exports, imports,
 and change in
 private
 inventories

Table D.1.4. Contributions to Percent Change
in Real Gross Domestic Product

 2006 2007 2008 2009

Percent change:

 Gross domestic 4.0 4.3 0.3 -5.5
 product

Percentage points:

Personal 2.85 -2.59 -2.85 1.96
 consumption
 expenditures

 Goods 1.87 -3.01 -3.78 -0.57

 Durable goods 1.28 -3.62 -3.12 -1.12
 Nondurable goods 0.60 0.61 -0.66 0.56

 Foods, feeds, -0.02 0.20 -0.18 0.32
 and beverages
 Other nondurable 0.61 0.41 -0.48 0.24
 goods

 Services 0.52 0.46 0.00 -0.80

 Housing and 0.59 0.07 -0.38 0.64
 utilities
 Health care 0.30 0.31 0.34 0.08
 Food services and 0.01 -0.38 0.16 -1.20
 accommodations
 Other services -0.38 0.44 -0.12 -0.32

 Net foreign travel 0.46 -0.04 0.93 3.33

Private fixed 0.37 -1.51 -0.89 -1.28
 investment
Change in -0.51 -10.43 17.39 2.98
 private
 inventories
Net exports of -0.06 16.72 -13.48 -10.35
 goods and
 services

 Exports -14.78 1.06 5.34 -34.39

 Goods -14.33 1.06 6.38 -30.98
 Services -0.45 0.00 -1.04 -3.41

 Imports 14.71 15.66 -18.82 24.04

 Goods 14.26 16.08 -19.75 23.96
 Services 0.46 -0.42 0.92 0.08

Government 1.33 2.13 0.17 1.16
 consumption
 expenditures
 and gross
 investment

 Federal 0.02 0.05 0.10 0.33
 Territorial 1.31 2.09 0.07 0.83

 2010 2011 2012

Percent change:

 Gross domestic 1.7 -6.6 -13.2
 product

Percentage points:

Personal 1.35 0.93 -0.17
 consumption
 expenditures

 Goods -0.46 -0.39 -1.14

 Durable goods -0.83 -0.28 -0.70
 Nondurable goods 0.38 -0.11 -0.44

 Foods, feeds, 0.17 0.01 0.02
 and beverages
 Other nondurable 0.21 -0.11 -0.46
 goods

 Services 1.30 0.59 0.36

 Housing and 0.08 0.08 0.06
 utilities
 Health care 0.22 0.36 0.43
 Food services and 0.55 -0.02 -0.26
 accommodations
 Other services 0.45 0.16 0.13

 Net foreign travel 0.51 0.73 0.61

Private fixed 0.41 -0.50 -1.74
 investment
Change in -11.07 9.18 1.01
 private
 inventories
Net exports of 10.30 -14.89 -9.90
 goods and
 services

 Exports -11.76 -55.41 -242.67

 Goods -11.12 -54.63 -242.05
 Services -0.64 -0.78 -0.62

 Imports 22.07 40.52 232.77

 Goods 21.83 40.25 230.08
 Services 0.24 0.27 2.69

Government 0.68 -1.35 -2.37
 consumption
 expenditures
 and gross
 investment

 Federal 0.60 -0.39 -0.15
 Territorial 0.07 -0.96 -2.22

Table D.1.5. Price Indexes for Gross Domestic Product:
Percent Change From Preceding Year

 2006 2007 2008 2009 2010 2011 2012

Gross domestic -1.9 2.3 -12.4 5.7 2.2 5.4 11.9
 product
Personal 2.6 5.5 5.7 -0.1 1.2 2.2 1.2
 consumption
 expenditures

Table D.2.1. Value Added by Industry
[Millions of dollars]

 2005 2006 2007 2008

 Gross domestic 4,457 4,546 4,853 4,266
 product

Private industries 3,766 3,765 4,047 3,430

 Goods-producing 1,467 1,429 1,468 986
 industries
 Services- 2,299 2,336 2,579 2,444
 producing
 industries

 Wholesale and 396 410 442 373
 retail trade
 Accommodation 330 336 412 420
 and food
 services
 Other services, 1,573 1,590 1,726 1,650
 except
 government

Government 691 781 806 837

 Federal 115 122 126 132
 Territorial 576 659 680 705

 2009 2010 2011

 Gross domestic 4,260 4,426 4,356
 product

Private industries 3,412 3,528 3,507

 Goods-producing 1,030 1,041 938
 industries
 Services- 2,382 2,487 2,569
 producing
 industries

 Wholesale and 360 364 376
 retail trade
 Accommodation 382 411 419
 and food
 services
 Other services, 1,640 1,712 1,774
 except
 government

Government 849 897 849

 Federal 138 148 145
 Territorial 710 749 704

Note. Detail may not add to total because of rounding.

Table D.2.2. Real Value Added by Industry
[Millions of chained (2005) dollars]

 2005 2006 2007 2008

 Gross domestic 4,457 4,635 4,836 4,851
 product

Private 3,766 3,935 4,125 4,122
 industries

 Goods-producing 1,467 1,704 1,687 1,920
 industries
 Services- 2,299 2,253 2,443 2,291
 producing
 industries

 Wholesale and 396 401 427 355
 retail trade
 Accommodation 330 326 384 390
 and food services
 Other services, 1,573 1,527 1,632 1,545
 except government

Government 691 700 718 728

 Federal 115 115 113 115
 Territorial 576 585 605 613

 2009 2010 2011

 Gross domestic 4,583 4,660 4,351
 product

Private 3,855 3,928 3,647
 industries

 Goods-producing 1,748 1,729 1,262
 industries
 Services- 2,168 2,237 2,282
 producing
 industries

 Wholesale and 336 332 329
 retail trade
 Accommodation 333 353 352
 and food services
 Other services, 1,498 1,551 1,601
 except government

Government 720 722 692

 Federal 121 123 116
 Territorial 599 599 576

Table D.2.3. Percent Changes in Real Value Added by Industry

 2006 2007 2008 2009

 Gross domestic 4.0 4.3 0.3 -5.5
 product

Private industries 4.5 4.8 -0.1 -6.5

 Goods-producing 16.1 -1.0 13.8 -9.0
 industries
 Services-producing -2.0 8.4 -6.2 -5.4
 industries

 Wholesale and 1.2 6.5 -16.7 -5.4
 retail trade
 Accommodation and -1.3 17.9 1.6 -14.7
 food services
 Other services, -2.9 6.9 -5.4 -3.0
 except
 government

Government 1.2 2.6 1.4 -1.1

 Federal -0.5 -1.8 2.1 5.0
 Territorial 1.6 3.5 1.2 -2.3

 2010 2011

 Gross domestic 1.7 -6.6
 product

Private industries 1.9 -7.1

 Goods-producing -1.1 -27.0
 industries
 Services-producing 3.2 2.0
 industries

 Wholesale and -1.3 -0.8
 retail trade
 Accommodation and 6.0 -0.4
 food services
 Other services, 3.5 3.2
 except
 government

Government 0.3 -4.2

 Federal 1.8 -5.5
 Territorial 0.1 -3.9

Table D.2.4. Contributions to Percent Change
in Real Gross Domestic Product by Industry

 2006 2007 2008

Percent change:

 Gross domestic 4.0 4.3 0.3
 product

Percentage points:

Private industries 3.72 4.00 -0.03

 Goods-producing 4.79 -0.31 3.51
 industries
 Services-producing -1.06 4.32 -3.54
 industries

 Wholesale and 0.11 0.58 -1.63
 retail trade
 Accommodation -0.10 1.34 0.14
 and food
 services
 Other services, -1.07 2.40 -2.05
 except government

Government 0.20 0.45 0.24

 Federal -0.01 -0.05 0.06
 Territorial 0.22 0.50 0.19

 2009 2010 2011

Percent change:

 Gross domestic -5.5 1.7 -6.6
 product

Percentage points:

Private industries -5.23 1.51 -5.74

 Goods-producing -2.19 -0.26 -6.84
 industries
 Services-producing -3.04 1.77 1.10
 industries

 Wholesale and -0.46 -0.11 -0.07
 retail trade
 Accommodation -1.44 0.54 -0.03
 and food
 services
 Other services, -1.13 1.34 1.20
 except government

Government -0.22 0.07 -0.83

 Federal 0.15 0.06 -0.18
 Territorial -0.37 0.01 -0.64

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

[Millions of dollars]

 2005 2006 2007 2008

Total compensation 1,922 2,064 2,174 2,223
Private industries 1,270 1,321 1,415 1,428
 Goods-producing industries 286 329 369 349
 Services-producing industries 984 992 1,046 1,079
 Wholesale and retail trade 189 191 201 203
 Accommodation and 177 183 199 209
 food services
 Other services, 617 618 646 667
 except government
Government 652 743 758 794
 Federal 116 123 126 132
 Territorial 536 621 632 662

 2009 2010 2011

Total compensation 2,148 2,276 2,214
Private industries 1,331 1,404 1,386
 Goods-producing industries 323 334 317
 Services-producing industries 1,008 1,071 1,070
 Wholesale and retail trade 194 193 201
 Accommodation and 184 196 200
 food services
 Other services, 630 682 669
 except government
Government 818 872 827
 Federal 139 150 146
 Territorial 678 722 681

NOTE. Detail may not add to total because of rounding.

Territorial Economic Accounts

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 income and product accounts (NIPAs). A primary obstacle to realizing this goal is the lack of coverage of these four territories by most of the major surveys used by BEA to produce its estimates of GDP and related economic measures. (1) 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.

Over the coming months, BEA will continue to work closely with the territorial governments to update the economic accounts for the four territories. Estimates of GDP for 2013 (and of GDP by industry and compensation by industry for 2012) are scheduled to be released in the summer of 2014. (2)

The comprehensive revision of these accounts, tentatively scheduled for 2015, will incorporate information from the 2012 Economic Census of Island Areas, results from BEA's latest revisions to the national accounts, and new source data from the territorial statistical offices.

Other future enhancements to the estimates for the four territories (subject to data availability and funding) include developing supplementary measures included 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 summarized in this appendix. These methods are consistent with the methods used to estimate GDP and GDP by industry for the United States (excluding the territories). (3) 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 expenditures (PCE) consists primarily of purchases of goods and services by households. (4) For American Samoa, the CNMI, and Guam, economic census data on the consumer shares of sales for each industry sector were used to benchmark the estimates of household purchases of most goods. For the CNMI and Guam, annual growth rates for most goods and services were derived using gross business revenue data, data on imports of goods, and trade source data; for American Samoa, annual growth rates for most goods were derived using data on imports of goods. Annual estimates 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 (series FT895) and U.S. International Trade in Goods and Services (series FT900). (5)

Estimates not benchmarked to economic census data included housing services, utilities services, and financial services, which were estimated independently. Housing services were estimated using information on the number of occupied housing units and average rental rates reported in the Census of Population and Housing. Utilities services were estimated using revenue data reported by government-owned utilities and by the U.S. Energy Information Administration. Other services not covered by the economic census--such as financial services furnished without payment; insurance; and sales by government--were 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 improvements to existing assets. It also includes the construction of new residential structures and the improvements to these structures. (6) Because of data limitations, estimates of private investment in equipment 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 census. (7)

Net exports of goods and services. The estimates of exports of goods to the United States from the four territories 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 governments. 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 commodities 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 estimate of exports of tourism services was based on expenditures of cruise ship passengers available from the Florida-Caribbean Cruise Association, total visitor expenditures provided by the Virgin Islands Bureau of Economic Research, and gross business revenue data for select industries. (8)

Government consumption expenditures and gross investment. The estimates of government expenditures were prepared separately for the territorial governments and for the federal government sector. The primary sources of information for the territorial government estimates were financial statements of the primary government and of the government component units. The primary data sources for the federal government estimates were the Census Bureau's Consolidated Federal Funds Report and the Federal Procurement Data System. Information on military pay was provided 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. For most of the detailed components of GDP, inflation-adjusted estimates were calculated by deflating each component using 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 incorporate data from the Economic Census of Island Areas. Current-dollar value added for most private industries was extrapolated using indicators such as gross business revenues and compensation. For select private industries, 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 territorial government and the federal government sectors; 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 Index framework. For most industry sectors, the statistics 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. (9) 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, current-dollar gross output and current-dollar intermediate inputs are deflated separately, and real value added is computed as the difference between real gross output and real intermediate inputs. Price indexes and other value and quantity data produced by each territorial government, in addition to select U.S. prices, were used in the deflation of value added, gross output, and intermediate inputs.

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, Nicole M. Mayerhauser prepared the estimates for the CNMI and for Guam, and Nadia F. Sadee prepared the estimates for the U.S. Virgin Islands. Brian C. Moyer, Deputy Director of BEA, Brent R. Moulton, Associate Director for National Economic Accounts, and Carol E. Moylan, Associate Director for Industry Economic Accounts, provided overall supervision.

Other significant contributors from BEA were Andrea L. Cook, Jillian Fasser, William A. Jolliff, Erin M. Ludlow, Edward T. Morgan, Sarah J. Pack, Andrew J. Pinard, Mahmoud E. Raya, Bonnie A. Retus, Karl V. Rohrer, and Keith P. Zipay.

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 and Basil Ottley of OIA served as liaisons between BEA and the territorial governments.

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 and Lieutenant Governor Gregory R. Francis of the U.S. Virgin Islands contributed guidance and support throughout the project.

Other key contributors from each territory are listed below.

American Samoa: Keniseli F. Lafaele, Director, Department of Commerce (DOC); Atuatasi Lelei Peau, Deputy Director, DOC; Etuale Tuileta, Chief Statistician, DOC; Mine Timoteo, Senior Administrative Assistant, DOC; Alex Zodiacal, Assistant to Administrator/Economic Development Division Manager; Falema'o M. Pili, Treasurer, Department of Treasury; Melvin Joseph, Manager, Tax Office, Department of Treasury; Lee Lele'a, Chief Customs Officer, Department of Treasury; Catherine Saelua, Director, Budget Office; Moefa'auo Bill Emmsley, CEO, American Samoa Telecommunications Authority; Utu Abe Malae, CEO, American Samoa Power Authority; Joseph Davis-Fleming, CEO, LBJ Medical Center; Seth Galea'i, President, American Samoa Community College; Sione Kava, Petroleum Officer, Office of Petroleum Management; Brett Butler, General 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 Specialist, DOC; Tom A. Torres, IT Supervisor, DOC; MaryAnn Q. Lizama, Executive Director, Commonwealth Ports Authority (CPA); Chris S. Tenorio, Acting Manager, CPA; Perry J. P. Tenorio, Director, Marianas Visitors Authority; Larissa Larson, Secretary, Department of Finance (DOF); Mariah White, Disclosure Officer, DOF; Jose C. Mafnas, Director of Customs, DOF; Sharon Hart, President, Northern Marianas College (NMC); David J. Attao, Dean of Admissions, NMC; Rita A. Sablan, Commissioner of Education, Public School System (PSS); Gerald Reyes, Data Program Manager, PSS; Lillian M. Pangelinan, Acting Administrator, NMI Retirement Fund (NRF); Pablito Amog, Acting Comptroller, NRF; Frank D. Cabrera, Manager, Workers' Compensation Commission; Barbara Reyes, Office Manager, Marianas Public Land Trust; Jesse S. Palacios, Corporate Director, Northern Marianas Housing Corporation (NMHC); Roger A. Dris, Chief Accountant, NMHC; Manuel A. Sablan, Director, Commonwealth Development Authority (CDA); Carline B. Sablan, Analyst, CDA; Donnie Militante, Comptroller, CDA; Alan Fletcher, Executive Director, Commonwealth Utility Corporation (CUC); Charles Warren, Chief Financial Officer, 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; John A. Rios, Director, Bureau of Budget and Management Research; Henry Taitano, Administrator, Guam Economic Development Authority; Doris F. Brooks, Public Auditor, Office of the Public Auditor; Karl Pangelinan, General Manager, Guam Visitors Bureau (GVB); Deborah M. Phillips, Research Manager, GVB; Gary Hiles, Chief Economist, 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 WatsonAnderson, Director, Virgin Islands Bureau of Internal Revenue; Debra Gottlieb, Director, Virgin Islands Office of Management and Budget; Valdamier O. Collens, Executive Assistant Commissioner, Virgin Islands Department of Finance; Sandra Rey, Senior Research Analyst, Virgin Islands Department of Labor.

(1.) OIA is the federal agency that manages the federal government's relations 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 accountability.

(2.) BEA released these estimates during separate visits to the four territories that took place between August and December of 2013. Individual news releases for each of the territories are available on BEA's Web site at www.bea.gov/national/gdp_territory.htm.

(3.) In this article, "consumer spending" refers to "personal consumption expenditures," "inventory investment" refers to "change in private inventories," 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.) The industry detail shown for GDP by industry and compensation by industry varies depending on the territory.

(1.) These surveys include merchant wholesale trade and retail trade surveys; the annual capital expenditures survey; value of construction put in place; the service annual survey; the annual survey of manufactures; manufacturers' shipments, inventories, and orders; and survey of government finances.

(2.) Revised estimates for other years will also be released at the same time.

(3.) The estimates for these territories have not yet been updated to reflect the results of BEA's 2013 comprehensive revision of the national accounts.

(4.) A small portion of PCE consists of expenses of nonprofit institutions serving households.

(5.) For both American Samoa and the U.S. Virgin Islands, it was assumed that most consumer purchases of goods were imported.

(6.) For American Samoa and the U.S. Virgin Islands, private investment also includes inventory investment.

(7.) This method assumed that the receipts by the construction industry reported in the economic census were collected for work done in the same year.

(8.) Exports of tourism services were a small component of American Samoa's economy and are not discussed.

(9.) Single deflation approximates the results obtained by double deflation when the prices of an industry's intermediate inputs increase at about the same rate as its output prices.

Erin M. Ludlow prepared the tables and chart for this BEA Briefing.