Guernsey

Guernsey: Travel tips, articles, photos, gallery, cities database, population, pics, flags, statistics, free maps online


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Introduction - Guernsey:
Location - Guernsey:
People - Guernsey:
Government - Guernsey:
Economy - Guernsey:

Economy overview

Financial services - banking, fund management, insurance - account for about 23% of employment and 32% 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

$2.742 billion (2005)

Gdp official exchange rate

$2.742 billion (2005)

Gdp real growth rate

3% (2005 est.)

Gdp per capita ppp

$44,600 (2005)

Gdp composition by sector

agriculture: 3%
industry: 10%
services: 87% (2000)

Labor force

31,470 (March 2006)

Unemployment rate

0.9% (March 2006 est.)

Population below poverty line

NA%

Household income or consumption by percentage share

lowest 10%: NA%
highest 10%: NA%

Inflation rate consumer prices

3.4% (June 2006)

Budget

revenues: $563.6 million
expenditures: $530.9 million; including capital expenditures of $NA (2005 est.)

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

Exports partners

UK; note - regarded as internal trade (2006)

Imports

$NA

Imports commodities

coal, gasoline, oil, machinery and equipment

Imports partners

UK; note - regarded as internal trade (2006)

Debt external

$NA

Economic aid recipient

$NA

Currency code

British pound (GBP); note - there is also a Guernsey pound

Exchange rates

Guernsey pounds per US dollar - 0.5418 (2006), 0.5493 (2005), 0.5462 (2004), 0.6125 (2003), 0.6672 (2002)
note: the Guernsey pound is at par with the British pound

Communications - Guernsey:
Transportation - Guernsey:
Military - Guernsey:
This page was last updated on 16 September, 2007
Source: CIA >>>


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