GeographyIQ.comGeographyIQ.com
  Home
  Rankings


A B C D E F
G H I J K L
M N O P Q R
S T U V W Y
Z          


Currency Converter

 


World > Europe > Guernsey > Economy (Facts)

Guernsey - Economy (Facts)
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 - real growth rate: 3% (2005 est.)
GDP (purchasing power parity): $2.742 billion (2005)
GDP (official exchange rate): $2.742 billion (2005)
GDP - per capita (PPP): $44,600 (2005)
GDP - composition by sector: agriculture: 3%
industry: 10%
services: 87% (2000)
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)
Labor force: 31,470 (March 2006)
Unemployment rate: 0.9% (March 2006 est.)
Budget: revenues: $563.6 million
expenditures: $530.9 million; including capital expenditures of NA (2005 est.)
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)
Agriculture - products: tomatoes, greenhouse flowers, sweet peppers, eggplant, fruit; Guernsey cattle
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: British Pound (GBP)

Current British Pound Exchange Rates
Historical British Pound Exchange Rates
Chart British Pound Exchange Rates
Currency code: GBP
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
Fiscal year: calendar year


Facts at a Glance: Geography - People - Government - Economy - Communications - Transportation - Current Time - British Pound Exchange Rates



Facts at a Glance
Geography
People
Government
Economy
Communications
Transportation
Current Time
British Pound Exchange Rates







   Privacy Policy

   Portions of this site are based on public domain works from the U.S. Dept. of State and the CIA World Fact Book
   All original material copyright © 2002 - GeographyIQ.com. All Rights Reserved.
   For comments and feedback, write to us at info@GeographyIQ.com.