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held NA); results - no percent of vote by party since all are independents; seats - (60 total, 33 elected), all independents Judicial branch: Royal Court Political parties and leaders: none; all independents International organization participation: none Diplomatic representation in US: none (British crown dependency) US diplomatic representation: none (British crown dependency) Flag: white with the red cross of Saint George (patron saint of England) extending to the edges of the flag Economy ------- Economic 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 prices): 7% (1988) Labor force: NA Unemployment rate: 3%-4% (1994 est.) Budget: revenues: $238.3 million expenditures: $223.7 million, including capital expenditures of $NA (1993 est.) Industries: tourism, banking Industrial production growth rate: NA% Electricity: capacity: 173,000 kW production: 525 million kWh consumption per capita: 9,060 kWh (1992) Agriculture: 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) External debt: $NA Economic aid: none Currency: 1 Guernsey (LG) pound = 100 pence Exchange rates: Guernsey pounds (LG) per US$1 - 0.6535 (January 1996), 0.6335 (1995), 0.6529 (1994), 0.6658 (1993), 0.5664 (1992), 0.5652 (1991); note - the Guernsey pound is at par with the British pound Fiscal year: calendar year Transportation -------------- Railways: 0 km Highways: total: NA km paved: NA km unpaved: NA km Ports: Saint Peter Port, Saint Sampson Merchant marine: none Airports: total: 2 with paved runways 914 to 1 523 m: 1 with paved runways under 914 m: 1 (1995 est.) Communications -------------- Telephones: 41,850 (1983
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