the flag

Economy

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: $NA

GDP--real growth rate: NA%

GDP--per capita: $NA

GDP--composition by sector:
agriculture: NA%
industry: NA%
services: NA%

Population below poverty line: NA%

Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%

Inflation rate (consumer prices): 7% (1988)

Labor force: NA

Unemployment rate: 3%-4% (1994 est.)

Budget:
revenues: $277.9 million
expenditures: $248.8 million, including capital expenditures of $NA
(1995 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: $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: 1 Guernsey (LG) pound = 100 pence

Exchange rates: Guernsey pounds (LG) per US$1--0.6057 (January
1999), 0.6037 (1998), 0.6106 (1997), 0.6403 (1996), 0.6335 (1995),
0.6529 (1994); note--the Guernsey pound is at par with the British
pound

Fiscal year: calendar year

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 (1997)

Televisions: NA

Transportation

Railways: 0 km

Highways:
total: NA km
paved: NA km
unpaved: NA km

Ports and harbors: Saint Peter Port, Saint Sampson

Merc