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Guernsey and the other Channel Islands represent the last remnants of the medieval Dukedom of Normandy, which held sway in both France and England. The islands were the only British soil occupied by German troops in World War II. Guernsey is a British crown dependency but is not part of the UK or of the European Union. However, the UK Government is constitutionally responsible for its defense and international representation.


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Economy

Economy - overview
Financial services - banking, fund management, insurance - account for about 23% of employment and about 55% of total income in this tiny, prosperous Channel Island economy. Tourism, manufacturing, and horticulture, mainly tomatoes and cut flowers, have been declining. Financial services, construction, retail, and the public sector have been growing. Light tax and death duties make Guernsey a popular tax haven. The evolving economic integration of the EU nations is changing the environment under which Guernsey operates.

Gdp (purchasing power parity) World Ranking: 181
$2.742 billion (2005)

Gdp (official exchange rate)
$2.742 billion (2005)

Gdp - real growth rate World Ranking: 124
3% (2005 est.)

Gdp - per capita (ppp) World Ranking: 13
$44,600 (2005)

Gdp - composition by sector
Agriculture 3%
Industry 10%
Services 87% (2000)

Labor force World Ranking: 204
31,470 (March 2006)

Unemployment rate World Ranking: 4
0.9% (March 2006 est.)

Population below poverty line
NA%

Household income or consumption by percentage share
Lowest 10% NA%
Highest 10% NA%

Budget
Revenues $563.6 million
Expenditures $530.9 million (2005 est.)

Taxes and other revenues World Ranking: 159
20.6% of GDP (2005)

Budget surplus (+) or deficit (-) World Ranking: 33
1.2% of GDP (2005)

Inflation rate (consumer prices) World Ranking: 72
3.4% (June 2006)

Agriculture - products
Tomatoes, greenhouse flowers, sweet peppers, eggplant, fruit; Guernsey cattle

Industries
Tourism, banking

Industrial production growth rate
NA%

Electricity - production
NA kWh

Electricity - consumption
NA kWh

Electricity - exports
0 kWh (2002)

Electricity - imports
0 kWh (2002)

Exports
$NA

Exports - commodities
Tomatoes, flowers and ferns, sweet peppers, eggplant, other vegetables

Imports
$NA

Imports - commodities
Coal, gasoline, oil, machinery and equipment

Debt - external
$NA

Exchange rates
Guernsey pound
0.6241 (2011)
0.6472 (2010)
0.6175 (2009)
0.5302 (2008)
0.4993 (2007)

Fiscal year
Calendar year


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  Guernsey [ United Kingdom ] (British Crown Dependency):


  GPS points from Guernsey [ United Kingdom ] (British Crown Dependency)

Grande Anfroque Guernsey (general)

Passe Du Singe Guernsey (general)

La Pointe De Pleinmont Guernsey (general)

Bordeaux Harbour Guernsey (general)

Point Banquette Guernsey (general)

Coque Lihou Guernsey (general)

Baie De Port Grat Guernsey (general)

Lower Heads Guernsey (general)




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