eral Assembly of the States; consists of
the bailiff, 10 Douzaine (parish council) representatives, 45 people's
deputies elected by popular vote, 2 representatives from Alderney,
Her Majesty's Procureur (Attorney General), Her Majesty's Comptroller
(Solicitor General) and Her Majesty's Greffier (Court Recorder and
Registrar General); note - Alderney and Sark have their own parliaments
elections: last held 12 April 2000 (next to be held NA 2004) election
results: percent of vote - NA%; seats - all independents
Judicial branch: Royal Court
Political parties and leaders: none; all independents
Political pressure groups and leaders: none
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 and a yellow equal-armed
cross of William the Conqueror superimposed on the Saint George cross
Economy Guernsey
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% other:
NA% nuclear: NA%
Electricity - consumption: NA kWh
Electricity - exports: NA kWh
Electricity - imports: NA kWh
Agricu
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