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Guernsey Economy 2013

SOURCE: 2013 CIA WORLD FACTBOOK AND OTHER SOURCES











Guernsey Economy 2013
SOURCE: 2013 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on February 5, 2013

Economy - overview:
Financial services - banking, fund management, insurance - account for about 23% of employment and about 55% of total income in this tiny, prosperous Channel Island economy. Tourism, manufacturing, and horticulture, mainly tomatoes and cut flowers, have been declining. Financial services, construction, retail, and the public sector have been growing. 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):
$2.742 billion (2005)
country comparison to the world: 182
[see also: GDP country ranks ]

GDP (official exchange rate):
$2.742 billion (2005)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
3% (2005 est.)
country comparison to the world: 112
[see also: GDP - real growth rate country ranks ]

GDP - per capita (PPP):
$44,600 (2005)
country comparison to the world: 15
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
agriculture: 3%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 10%
services: 87% (2000)

Labor force:
31,470 (March 2006)
country comparison to the world: 205
[see also: Labor force country ranks ]

Unemployment rate:
0.9% (March 2006 est.)
country comparison to the world: 4
[see also: Unemployment rate country ranks ]

Population below poverty line:
NA%
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: NA%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: NA%

Budget:
revenues: $563.6 million
[see also: Budget revenues country ranks ]
expenditures: $530.9 million (2005 est.)

Taxes and other revenues:
20.6% of GDP (2005)
country comparison to the world: 157
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
1.2% of GDP (2005)
country comparison to the world: 26
[see also: Budget surplus (+) or deficit (-) country ranks ]

Inflation rate (consumer prices):
3.4% (June 2006)
country comparison to the world: 97
[see also: Inflation rate (consumer prices) country ranks ]

Agriculture - products:
tomatoes, greenhouse flowers, sweet peppers, eggplant, fruit; Guernsey cattle

Industries:
tourism, banking

Industrial production growth rate:
NA%
[see also: Industrial production growth rate country ranks ]

Exports:
$NA
[see also: Exports country ranks ]

Exports - commodities:
tomatoes, flowers and ferns, sweet peppers, eggplant, other vegetables

Imports:
$NA
[see also: Imports country ranks ]

Imports - commodities:
coal, gasoline, oil, machinery and equipment

Debt - external:
$NA
[see also: Debt - external country ranks ]

Exchange rates:
Guernsey pound

0.6324 (2012)
0.624 (2011)
0.6472 (2010)
0.6175 (2009)
0.5302 (2008)

Fiscal year:
calendar year


NOTE: 1) The information regarding Guernsey on this page is re-published from the 2013 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Guernsey Economy 2013 information contained here. All suggestions for corrections of any errors about Guernsey Economy 2013 should be addressed to the CIA.
2) The rank that you see is the CIA reported rank, which may habe the following issues:
  a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
  b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order






This page was last modified 11-Mar-13
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