rism, 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 environment 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):
4% (2000 est.)

Labor force:
31,320 (2000)

Unemployment rate:
0.5% (1999 est.)

Budget:
revenues: $381.3 million
expenditures: $368.8 million, including capital expenditures of NA
(2000 est.)

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

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 - 0.6661 (2002), 0.6944 (2001),
0.6596 (2000), 0.6180 (1999), 0.6037 (1998); note - the Guernsey
pound is at par with the British pound

Fiscal year:
calendar year

Communications Guernsey

Telephones - main lines in use:
55,000 (2001)

Telephones - mobile cellular:
31,500 (2001)

Telephone system:
general assessment: NA
domestic: NA
international: 1 submarine cable

Radio broadcast stations:
AM 1, FM 1, shortwave 0 (1998)

Radios:
NA

Television broadcast stations:
1 (1997)

Televisions:
NA

Internet country code:
.gg

Internet Service Providers (ISPs):
NA

Internet users:
NA

Transportat