Guernsey
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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 >>> |