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EconomyEconomy - 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)
Coque Lihou Guernsey (general)
Grosnez Point Guernsey (general)
Little Russel Guernsey (general)
Passe Du Singe Guernsey (general)
La Greve De La Ville Guernsey (general)
Paradis Guernsey (general)
Pleinmont Point Guernsey (general)
Fregondee Guernsey (general) |