The average annual growth rate is 2.2 percent. Language English and Chamorro are the official languages. Private Sector 43,590 Territorial Government 14,060 Federal Government 4,880 The unemployment rate in March 1999 was 6.6 percent. The rate of inflation on Guam in 1998 was -1.28 percent. Housing The rental market on Guam remains soft, giving a renter a good selection of apartments, condominiums and houses.
Most residential leases are for one to three years.
Condominiums and houses are available for sale in Fee Simple. There are certain restrictions to foreign individuals purchasing properties, but corporations registered on Guam can purchase properties freely. Purchases are usually handled at title and escrow companies with title insurance available to protect buyers. Health Care Guam offers some significant health care advantages to Americans living in Asia. The medical board of physicians on Guam has set standards for practitioners which are similar to those in California.