Overview: Financial services account from more than 50% 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.

National product: GDP $NA

National product real growth rate: 9% (1987)

National product per capita: $NA

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

Unemployment rate: NA%

Budget:
revenues: $208.9 million
expenditures: $173.9 million, including capital expenditures of $NA (1988)

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

Industrial production: growth rate NA%

Electricity:
capacity: 173,000 kW
production: 525 million kWh
consumption per capita: 9,060 kWh (1992)

Industries: tourism, banking

Agriculture: tomatoes, flowers (mostly grown in greenhouses), sweet peppers, eggplant, other vegetables, fruit; Guernsey cattle

Economic aid: none

Currency: 1 Guernsey (#G) pound = 100 pence
Exchange rates: Guernsey pounds (#G) per US$1 - 0.6699 (January 1994), 0.6658 (1993), 0.5664 (1992), 0.5652 (1991), 0.5603 (1990), 0.6099 (1989); note - the Guernsey pound is at par with the British pound

Fiscal year: calendar year

NOTE: The information regarding Guernsey on this page is re-published from the 1995 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Guernsey Economy 1995 information contained here. All suggestions for corrections of any errors about Guernsey Economy 1995 should be addressed to the CIA.