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Guernsey Economy 2009
https://geographic.org/wfb2009/guernsey/guernsey_economy.html
SOURCE: 2009 CIA WORLD FACTBOOK

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Guernsey Economy 2009
SOURCE: 2009 CIA WORLD FACTBOOK


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)

GDP (official exchange rate):
$2.742 billion (2005)

GDP - real growth rate:
3% (2005 est.)

GDP - per capita (PPP):
$44,600 (2005)

GDP - composition by sector:
agriculture: 3%
industry: 10%
services: 87% (2000)

Labor force:
31,470 (March 2006)

Unemployment rate:
0.9% (March 2006 est.)

Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%

Budget:
revenues: $563.6 million
expenditures: $530.9 million (2005)

Inflation rate (consumer prices):
3.4% (June 2006)

Agriculture - products:
tomatoes, greenhouse flowers, sweet peppers, eggplant, fruit; Guernsey cattle

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)

Exports:
$NA

Exports - commodities:
tomatoes, flowers and ferns, sweet peppers, eggplant, other vegetables

Imports:
$NA

Imports - commodities:
coal, gasoline, oil, machinery and equipment

Debt - external:
$NA

Exchange rates:
Guernsey pound 0.5302 (2008 est.), 0.4993 (2007), 0.5418 (2006), 0.5493 (2005), 0.5462 (2004)
note: the Guernsey pound is at par with the British pound


NOTE: The information regarding Guernsey on this page is re-published from the 2009 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Guernsey Economy 2009 information contained here. All suggestions for corrections of any errors about Guernsey Economy 2009 should be addressed to the CIA.






This page was last modified 10-Jun-09
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