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Report on Gross Domestic Product Statistics for Four U.S. Territories Released

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Click for larger image. Pictured: Nikolao Pula, Director of the Office of Insular Affairs, U.S. Department of the Interior; Kiran Ahuja, Executive Director of the White House Initiative on Asian Americans and Pacific Islanders; Pictured: Rebecca M Blank, Under Secretary for Economic Affairs, U.S. Department of Commerce;  Rep. Gregorio Kilili Camacho, Northern Mariana Islands; Rep. Madeleine Bordallo, Guam; Rep. Eni Faleomavaega, America Samoa; Rep. Donna Christensen, Virgin Islands; Steve Landefeld, Director of the Bureau of Economic Analysis, U.S. Department of Commerce.

The U.S. Department of Commerce released newly-developed Gross Domestic Product (GDP) statistics for American Samoa, Guam, the Commonwealth of the Northern Mariana Islands and the U.S. Virgin Islands. The statistics are a product of a joint effort of the Department of Commerce’s Bureau of Economic Analysis and the Interior Department’s Office of Insular Affairs. Policy makers will now have an objective view of the size of these economies, their growth or contraction, and their major components in order to conduct economic-impact analysis on the effects of local and national policy decisions. (More)

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