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    Guernsey Economy - 1989

      Overview: Tourism is a major source of revenue. Other economic activity includes breeding the world-famous Guernsey cattle and raising tomatoes and flowers for export.

      GDP: $NA, per capita $NA; real growth rate NA%

      Inflation rate (consumer prices): NA%

      Unemployment rate: NA%

      Budget: revenues $145.0 million; expenditures $117.2 million, including capital expenditures of NA (1985)

      Exports: $NA; @m5commodities--tomatoes, flowers and ferns, sweet peppers, eggplant, other vegetables; @m5partners--UK (regarded as internal trade)

      Imports: $NA; @m5commodities--coal, gasoline and oil; @m5partners--UK (regarded as internal trade)

      External debt: $NA

      Industrial production: growth rate NA%

      Electricity: 173,000 kW capacity; 520 million kWh produced, 9,200 kWh per capita (1988)

      Industries: tourism, banking

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

      Aid: NA

      Currency: Guernsey pound (plural--pounds); 1 Guernsey (LG) pound = 100 pence

      Exchange rates: Guernsey pounds (LG) per US$1--0.5631 (January 1989), 0.5614 (1988), 0.6102 (1987), 0.6817 (1986), 0.7714 (1985); 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 1989 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Guernsey Economy 1989 information contained here. All suggestions for corrections of any errors about Guernsey Economy 1989 should be addressed to the CIA.

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    Revised 15-Apr-03
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