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rly elected; members serve six-year terms) elections: last held 20 April 1994 (next to be held NA 2000) election results: percent of vote - NA; seats - all independents Judicial branch: Royal Court Political parties and leaders: none; all independents International organization participation: none Diplomatic representation in the US: none (British crown dependency) Diplomatic representation from the US: none (British crown dependency) Flag description: white with the red cross of Saint George (patron saint of England) extending to the edges of the flag Economy Economy - overview: Financial services account for about 55% of total income. Tourism, manufacturing, and horticulture, mainly tomatoes and cut flowers, have been declining. Bank profits (1992) registered a record 26% growth. Fund management and insurance are the two other major income generators. GDP: $NA GDP - real growth rate: NA% GDP - per capita: $NA GDP - composition by sector: agriculture: NA% industry: NA% services: NA% Inflation rate - consumer price index: 7% (1988) Labor force: NA Unemployment rate: 3%-4% (1994 est.) Budget: revenues: $257.9 million expenditures: $235.8 million, including capital expenditures of $NA (1994 est.) Industries: tourism, banking Industrial production growth rate: NA% Electricity - capacity: NA kW Electricity - production: NA kWh Electricity - consumption per capita: NA kWh Agriculture - products: tomatoes, greenhouse flowers, sweet peppers, eggplant, other vegetables, fruit; Guernsey cattle Exports: $NA commodities: tomatoes, flowers and ferns, sweet peppers, eggplant, other vegetables partners: UK (regarded as internal trade) Imports: $NA commodities: coal, gasoline, and oil partners: UK (regarded as internal trade) Debt - external: $NA Economic aid: none Currency: 1 Guernsey (LG) pound = 100 pence Exchange rates: Guernsey pounds (LG) per US$1 - 0.6023 (January 1997), 0.6403 (1996), 0.6335 (1995), 0.6529 (1994), 0.6658 (1993), 0.5664 (1992); note - the Guernsey pound is at par with the British pound Fiscal year: calendar year @Guernsey:Communications Telephones: 41,850 (1983 est.) Telephone system: domestic : NA international: 1 submarine cable Radio broadcast stations: AM 1, FM 1, shortwave 0 Radios: NA Television broadcast stations: 1 Televisions: NA @Guernsey:Transportation Railways: 0 km Highways: total: NA km paved:
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