| CHANNEL ISLANDER ECONOMY STATS: |
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Agriculture > products
tomatoes, greenhouse flowers, sweet peppers, eggplant, fruit; Guernsey cattle |
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Budget > Expenditures
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$530,900,000.00 |
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[147th of 165]
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Budget > Revenues
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$563,600,000.00 |
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[140th of 166]
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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. |
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 |
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Fiscal year
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calendar year |
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GDP
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$1,300,000,000.00 |
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[150th of 203]
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GDP (official exchange rate)
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$2,742,000,000.00 |
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[143rd of 192]
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GDP (purchasing power parity)
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$2,742,000,000.00 |
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[169th of 187]
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GDP > Composition by sector > Agriculture
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3% |
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[26th of 146]
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GDP > Composition by sector > Industry
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10% |
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[35th of 146]
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GDP > Composition by sector > Services
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87% |
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[1st of 146]
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GDP > Real growth rate
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3% |
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[134th of 198]
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Imports > Commodities
coal, gasoline, oil, machinery and equipment |
Imports > Partners
UK; note - regarded as internal trade |
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Industries
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tourism, banking |
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Inflation rate (consumer prices)
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3.4% |
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[105th of 192]
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