|
| 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 - commodities: |
tomatoes, flowers and ferns, sweet peppers, eggplant, other vegetables
|
| Exports - partners: |
UK (regarded as internal trade)
|
| Imports - commodities: |
coal, gasoline, oil, machinery and equipment
|
| Imports - partners: |
UK (regarded as internal trade)
|
| Economic aid - recipient: |
$NA
|
| Currency: |
British pound (GBP); note - there is also a Guernsey pound
|
| 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
|
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