| Economy | Guernsey |
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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):
|
$2.742 billion (2005 est.) |
GDP - per capita (PPP):
|
$44,600 (2005 est.) |
GDP (official exchange rate):
|
$2.742 billion (2005) |
GDP - real growth rate:
|
3% (2005 est.) |
GDP - composition by sector:
|
agriculture: 3%
industry: 10%
services: 87% (2000) |
Investment (gross fixed):
|
void |
Population below poverty line:
|
NA% |
Household income or consumption by percentage share:
|
lowest 10%: NA%
highest 10%: NA% |
Distribution of family income - Gini index:
|
void |
Inflation rate (consumer prices):
|
3.4% (June 2006 est.) |
Central bank discount rate:
|
void |
Commercial bank prime lending rate:
|
void |
Stock of money:
|
void |
Stock of money - per capita:
|
void |
Stock of quasi money:
|
void |
Stock of quasi money - per capita:
|
void |
Stock of domestic credit:
|
void |
Stock of domestic credit - per capita:
|
void |
Labor force:
|
31,470 (March 2006) |
Labor force participation rate:
|
48.06 % of population |
Labor force - by occupation:
|
void |
Unemployment rate:
|
0.9% (March 2006 est.) |
Budget:
|
revenues: $563.6 million
expenditures: $530.9 million (2005 est.) |
Budget revenues per capita:
|
8,607 USD per capita |
Public debt:
|
void |
Industries:
|
tourism, banking |
Industrial production growth rate:
|
NA% |
Electricity - production:
|
NA kWh |
Electricity - production per capita:
|
void |
Electricity - consumption:
|
NA kWh |
Electricity - consumption - per capita:
|
void |
Electricity - exports:
|
0 kWh (2002) |
Electricity - imports:
|
0 kWh (2002) |
Oil - production:
|
void |
Oil - production per capita:
|
void |
Oil - consumption:
|
void |
Oil - consumption - per capita:
|
void |
Oil - exports:
|
void |
Oil - imports:
|
void |
Oil - proved reserves:
|
void |
Natural gas - production:
|
void |
Natural gas - production per capita:
|
void |
Natural gas - consumption:
|
void |
Natural gas - consumption - per capita:
|
void |
Natural gas - exports:
|
void |
Natural gas - imports:
|
void |
Natural gas - proved reserves:
|
void |
Agriculture - products:
|
tomatoes, greenhouse flowers, sweet peppers, eggplant, fruit; Guernsey cattle |
Current account balance:
|
void |
Current account balance - per capita:
|
void |
Exports:
|
$NA |
Exports per capita:
|
void |
Exports - commodities:
|
tomatoes, flowers and ferns, sweet peppers, eggplant, other vegetables |
Exports - partners:
|
void |
Imports:
|
$NA |
Imports per capita:
|
void |
Imports - commodities:
|
coal, gasoline, oil, machinery and equipment |
Imports - partners:
|
void |
Reserves of foreign exchange and gold:
|
void |
Reserves of foreign exchange and gold - per capita:
|
void |
Debt - external:
|
$NA |
Debt - external - per capita:
|
void |
Stock of direct foreign investment - at home:
|
void |
Stock of direct foreign investment - at home - per capita:
|
void |
Stock of direct foreign investment - abroad:
|
void |
Stock of direct foreign investment - abroad - per capita:
|
void |
Market value of publicly traded shares:
|
void |
Market value of publicly traded shares - per capita:
|
void |
Economic aid - donor:
|
void |
Economic aid - recipient:
|
void |
Economic aid - recipient per capita:
|
void |
Currency (code):
|
Guernsey pound
note: the British pound is also legal tender |
Exchange rates:
|
Guernsey pound 0.6494 (2009), 0.5302 (2008), 0.4993 (2007), 0.5418 (2006), 0.5493 (2005)
note: the Guernsey pound is at par with the British pound |
Fiscal year:
|
calendar year |
|
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