You are here > 1Up Travel > Countries of the World > Europe > Guernsey



 Country Facts









  Maps & Cities

  Transnational issues


  Guernsey Guide
  Guernsey Maps
  Guernsey Flag
  More Guernsey Flags
  Guernsey Geography

Travel & Tourism . Tourist Guide to the Country

Guernsey Economy

Guernsey    Economy Top of Page
Economy - overview: Financial services - banking, fund management, insurance, etc. - account for about 55% of total income in this tiny Channel Island economy. Tourism, manufacturing, and horticulture, mainly tomatoes and cut flowers, have been declining. Light tax and death duties make Guernsey a popular tax haven. The evolving economic integration of the EU nations is changing the rules of the game under which Guernsey operates.
GDP: purchasing power parity - $1.3 billion (1999 est.)
GDP - real growth rate: 5.7% (1999 est.)
GDP - per capita: purchasing power parity - $20,000 (1999 est.)
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): 3.99% (2000 est.)
Labor force: 31,322 (2000)
Unemployment rate: 0.5% (1999 est.)
Budget: revenues:  $381.3 million

expenditures:  $368.8 million, including capital expenditures of $NA (2000 est.)
Industries: tourism, banking
Industrial production growth rate: NA%
Electricity - production: NA kWh
Electricity - production by source: fossil fuel:  NA%

hydro:  NA%

nuclear:  NA%

other:  NA%
Electricity - consumption: NA kWh
Electricity - exports: NA kWh
Electricity - imports: NA kWh
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 (regarded as internal trade)
Imports: $NA
Imports - commodities: coal, gasoline, oil, machinery and equipment
Imports - partners: UK (regarded as internal trade)
Debt - external: $NA
Economic aid - recipient: $NA
Currency: British pound (GBP); note - there is also a Guernsey pound
Currency code: GBP
Exchange rates: Guernsey pounds per US dollar - 0.6764 (January 2001), 0.6596 0.6180 (1999), 0.6037 (1998), 0.6106 (1997), 0.6403 (1996); note - the Guernsey pound is at par with the British pound
Fiscal year: calendar year


Countryfacts Information Courtesy: CIA Worldbook

Make 1Up Travel your HomepageSend this Page to a FriendGo to Top of PagePrint this PageAdd 1Up Travel to your Favorites


Compare Country Info Hotel Directory Geography Flags World Maps Travel Warnings National Parks


Asia Africa Caribbean Middle East North America South America Central America Oceania Pacific Europe Polar Regions


Destinations Monuments Ancient Wonders Modern Wonders Natural Wonders


World Time ISD Codes Travel Links Link Exchange


Disclaimer: Although we've tried to make the information on this web site as accurate as possible, we accept no responsibility for any loss, injury or inconvenience sustained by any person resulting from information published on this site. We encourage you to verify any critical information with the relevant authorities before you travel.

Copyright 1Up Travel All Rights Reserved.
Go Up

Privacy Policy