by Nick Delgado
Guam - An interagency economic team with the Office of Insular Affairs and the Bureau of Economic Analysis will be arriving on Guam to release a detailed report on the island's gross domestic product data. The data measures the size of the local economy and the figrues mark the first time the GDP estimates for Guam and the other territores have been produced by the Bureau of Economic Analysis, which produces GDP statistics for the U.S.
In early May the team released the data estimates showing that Guam's economy grew at an average rate of 1.8%, with the population increasing at an annual rate of 1.5% between 2002 and 2007. These rates showed reflected changes in tourism and construction.
The team will be releasing the complete detailed GDP report next Monday at the Governor's Office at Adelup.