UOG CONTRIBUTED $1 OF EVERY $17 IN GUAM’S ECONOMY

UOG boosted Guam’s economy, measured by nominal Gross Domestic Product (GDP), by $349 million. This translates to:

• 5.91% of the $5.92 billion measure of Guam’s economy in 2018 (the latest data available);
• 4.06 times UOG’s total expenditure of $86 million; and
• 12.72 times the $27.4 million budget appropriated to UOG by the Guam Legislature.

UOG CREATED 1 IN EVERY 15 JOBS ON GUAM

UOG created a total of 4,191 jobs (FTE) comprised of:

• 849 direct employees, i.e., employees by UOG (those in the Staffing Pattern and work-study students) and related units (RCUOG, UOGEF, GERF/KPRG and AmeriCorps);
• 206 indirect employees, i.e., employees that UOG suppliers/vendors were able to employ because of their business with UOG;
• 3,136 induced employees from the following sources:
  • 570 jobs created when direct jobholders, i.e., employees of UOG and related units spent their incomes;
  • 103 jobs created when indirect jobholders, i.e., employees by UOG on-island suppliers/vendors spent their incomes;
  • 240 jobs created when UOG on-island suppliers/vendors spent their incomes; and
  • 2,223 when UOG graduates spent their higher incomes, which resulted from their UOG degree.

The 4,191 jobs created by UOG make up 6.5% of the approximately 65,000 employees on Guam.

UOG GENERATED $1 OF EVERY $8 OF GOVGUAM TAX REVENUES

UOG generated $78.55 million of GovGuam taxes in the form of income taxes ($52.4 million), Medicare taxes ($10.1 million), and Gross Receipts Taxes ($16 million). In FY2019, this $78.55 million:

• was $51.15 million more than the $27.4 million budget appropriated by the Guam Legislature;

   

• accounts for 12.63% of all GovGuam tax revenues received in FY2019; and

   

• represented a 187% return on Guam taxpayers’ money.