Great Depression II

Guernsey/

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Economy

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.
$2.742 billion (2005)
country comparison to the world: See information ranked by country 178
$2.742 billion (2005)
3% (2005 est.)
country comparison to the world: See information ranked by country 121
$44,600 (2005)
country comparison to the world: See information ranked by country 13
agriculture: 3%
industry: 10%
services: 87% (2000)
31,470 (March 2006)
country comparison to the world: See information ranked by country 203
0.9% (March 2006 est.)
country comparison to the world: See information ranked by country 4
NA%
lowest 10%: NA%
highest 10%: NA%
3.4% (June 2006)
country comparison to the world: See information ranked by country 102
tomatoes, greenhouse flowers, sweet peppers, eggplant, fruit; Guernsey cattle
tourism, banking
NA%
NA kWh
NA kWh
0 kWh (2002)
0 kWh (2002)
$NA
tomatoes, flowers and ferns, sweet peppers, eggplant, other vegetables
$NA
coal, gasoline, oil, machinery and equipment
$NA
Guernsey pound 0.6504 (2009), 0.5302 (2008), 0.4993 (2007), 0.5418 (2006)
note: the Guernsey pound is at par with the British pound


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