Company: OIA
Filing Date: 2025-03-13
Form Type: 424B5
Source: 0001104659-25-023508
Chunk: 181

Company: Invesco Municipal Income Opportunities Trust
Filing Date: 2025-03-13
Form: 424B5
Chunk 181
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 of 0.1 percentage points from the June 2023 figure of 4.0%, and a reduction of 0.3 percentage points from September 2022. Guam’s unemployment rate was above the national average of 3.8% in September 2023. Approximately 76% of Guam’s workforce is employed in the private sector, with the remainder employed by the federal and local governments. Based upon preliminary reports for June 2024, Guam’s private sector employment increased 4.9%, federal government employment decreased 2.9% and local government employment increased 3.1%. Guam’s 2022 gross domestic product is estimated at $6.91 billion. The Bureau of Economic Analysis estimates indicate that after declining in calendar year 2020 due to COVID-19, Guam’s GDP continued to grow from $6.234 billion in 2021 to $6.910 billion in 2022, an increase of 10.8%. The 2022 gross domestic product figure primarily consists of approximately $4.140 billion in personal consumption expenditures, $4.633 billion in government consumption expenditures and gross investment and 2.013 billion in private fixed investments less $3.876 billion in net export of goods and services increase in real gross domestic product for Guam increased 5.1% in 2022 after increasing 2.1% in 2021. The increase in real domestic product reflected increases in exports, private fixed investment, government spending and personal consumption expenditures. Imports, a subtraction item in the calculation of GDP, increased. The Guam Government, residents and businesses received and estimated $3.8 billion through various federal stimulus programs enacted following the start of the COVID-19 pandemic. Guam received 1.8 billion under the Coronavirus Aid, Relief, and Economic Security (CARES) Act of 2020; the Guam government received its full share of the Coronavirus Response and Relief Supplemental Appropriations Act of 2021 ($553.6 million); and Guam received $1.5 billion from ARPA. Guam’s economy is expected to continue expanding and recovering from the pandemic downturn throughout Fiscal Years 2024 and 2025. This economic expansion and partial recovery began in 2021 and 2022, restoring Guam’s growth trend. Further, increased Economic activity is anticipated due to simultaneous increases in construction including the progression of the Camp Blaz Marine Corps base construction activity nearing its planned peak, missile defense construction, private and Government construction projects, and continued recovery in the tourism