FACTOID # 9: Three of the top ten countries for GDP per capita are island nations: Bermuda, Cayman Islands, and Iceland.
 
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Europe > Guernsey > Economy

CHANNEL ISLANDER ECONOMY STATS:   Top Stats   All Stats  
View this page with:    Just Stats   Sources   Definitions   Both  
Agriculture > products
tomatoes, greenhouse flowers, sweet peppers, eggplant, fruit; Guernsey cattle
Budget > Expenditures $530,900,000.00 Time series [147th of 165]
Budget > Revenues $563,600,000.00 Time series [140th of 166]
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.
Exchange rates
Guernsey pounds per US dollar - 0.5462 (2004), 0.6125 (2003), 0.6672 (2002), 0.6947 (2001), 0.6609 (2000)
Exchange rates > Note
the Guernsey pound is at par with the British pound
Exports > Commodities
tomatoes, flowers and ferns, sweet peppers, eggplant, other vegetables
Exports > Partners
UK; note - regarded as internal trade
Fiscal year calendar year Time series
GDP $1,300,000,000.00 Time series [150th of 203]
GDP (official exchange rate) $2,742,000,000.00 Time series [143rd of 192]
GDP (purchasing power parity) $2,742,000,000.00 Time series [169th of 187]
GDP > Composition by sector > Agriculture 3% Time series [26th of 146]
GDP > Composition by sector > Industry 10% Time series [35th of 146]
GDP > Composition by sector > Services 87% Time series [1st of 146]
GDP > Real growth rate 3% Time series [134th of 198]
Imports > Commodities
coal, gasoline, oil, machinery and equipment
Imports > Partners
UK; note - regarded as internal trade
Industries tourism, banking Time series
Inflation rate (consumer prices) 3.4% Time series [105th of 192]

... View all Economy stats

SOURCES: CIA World Factbook, 28 July 2005; All CIA World Factbooks 18 December 2003 to 18 December 2008; CIA World Factbook, 14 June, 2007 ; World Development Indicators database and CIA World Factbook

ALTERNATIVE NAMES: Guernsey, Bailiwick of Guernsey

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