The statistical report from the U.S. Bureau of Economic Analysis on Guam’s gross domestic product for 2022 was released April 15.
The latest report on the BEA website for the Northern Mariana Islands is for 2020, released in January last year.
“Real gross domestic product for the Commonwealth of the Northern Mariana Islands decreased 29.7% in 2020 after decreasing 11.3% in 2019. The decrease in real GDP reflected decreases in exports of goods and services, private fixed investment, personal consumption expenditures, and government spending. Imports, a subtraction item in the calculation of GDP, also decreased,” BEA said at the time.
Dail Thomas, public information officer for stakeholders and customers, congressional affairs at BEA; told the Journal, “We are expecting to release Gross Domestic Product for CNMI, 2021 and 2022, along with GDP by Industry for CNMI, 2020 and 2021, in the fall of 2024.”
The BEA is “solely a statistical agency,” he said in an email to the Journal. The bureau’s reports for the U.S. mainland economy for 2023 were released in January.
Reports for Guam and the NMI are among those funded by the Office of Insular Affairs at the U.S. Department of the Interior. mbj
No BEA GDP statistics for the NMI for months
No BEA GDP statistics for the NMI for months
- Date Posted: Apr 25, 2024
- News: Northern Mariana Islands
-
Share this News
No BEA GDP statistics for the NMI for months
Recommended Articles...
Plans for US deep sea mining include the waters of the Northern Mariana Islands; Request for Information and Interest issued
The U.S. Bureau of Ocean Energy Management announced in a Nov. 10 release in Washington, D.C. “key developments in its offshore critical minerals planning, with the completion of Area Identification offshore American Samoa and the release of a Request for Information and Interest for the Commonwealth of the Northern Mariana Islands.”
Read More 
Hard Rock Guam closes its doors, follows Saipan closure in 2020
The Mariana Islands is now without any Hard Rock Cafes, following the closure of the Guam close to the Dusit Beach Resort in Tumon on Nov. 9. According to Journal files, the restaurant opened on May 10, 1998. According to its site, Hard Rock International Inc. was acquired by the Seminole Tribe of Florida in 2007.
Read More 
Health and fitness industry muscles into the economy of Saipan
TANAPANG, and GUALO RAI, Saipan — As the Northern Mariana Islands continues to grapple with rising costs, flight reductions, and a sluggish tourism recovery, a surprising corner of the private sector is showing resilience — the health and fitness industry.
Read More 
MINA marks 20 years without awards amid challenges, opposes construction trash import plan
GARAPAN, Saipan — The Mariana Islands Nature Alliance in the Northern Mariana Islands celebrated its 20th anniversary on Oct. 17 without its traditional environmental awards, citing economic challenges and a steep decline in donations.
Read More