Guernsey:
Economy

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Other pages in this profile of Guernsey:
Geography, People, Government, Communications & Transportation, Military & Transnational Issues.


Economy - overview	Definition 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)	Definition - World rank and map $2.742 billion (2005)
GDP (official exchange rate)	Definition $2.742 billion (2005)
GDP - real growth rate	Definition - World rank and map 3% (2005 est.)
GDP - per capita	Definition - World rank and map $44,600 (2005)
GDP - composition by sector	Definition agriculture: 3% industry: 10% services: 87% (2000)
Labor force	Definition 31,470 (March 2006)
Unemployment rate	Definition - World rank and map 0.9% (March 2006 est.)
Population below poverty line	Definition NA%
Household income or consumption by percentage share	Definition lowest 10%: NA% highest 10%: NA%
Inflation rate (consumer prices)	Definition - World rank and map 3.4% (June 2006)
Budget	Definition revenues: $563.6 million expenditures: $530.9 million (2005)
Agriculture - products	Definition tomatoes, greenhouse flowers, sweet peppers, eggplant, fruit; Guernsey cattle
Industries	Definition tourism, banking
Industrial production growth rate	Definition - World rank and map NA%
Electricity - production	Definition - World rank and map NA kWh
Electricity - consumption	Definition - World rank and map NA kWh
Electricity - exports	Definition 0 kWh (2002)
Electricity - imports	Definition 0 kWh (2002)
Exports	Definition - World rank and map $NA
Exports - commodities	Definition tomatoes, flowers and ferns, sweet peppers, eggplant, other vegetables
Exports - partners	Definition UK; note - regarded as internal trade (2006)
Imports	Definition - World rank and map $NA
Imports - commodities	Definition coal, gasoline, oil, machinery and equipment
Imports - partners	Definition UK; note - regarded as internal trade (2006)
Debt - external	Definition - World rank and map $NA
Economic aid - recipient	Definition $NA
Currency (code)	Definition Guernsey pound note: the British pound is also legal tender
Exchange rates	Definition Guernsey pounds per US dollar - 0.4993 (2007), 0.5418 (2006), 0.5493 (2005), 0.5462 (2004), 0.6125 (2003) note: the Guernsey pound is at par with the British pound
Fiscal year	Definition calendar year

Guernsey: Economy

Guernsey:
Economy