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    Guernsey Economy - 1991

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

      GDP: $NA, per capita $NA; real growth rate 9% (1987)

      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: 173,000 kW capacity; 525 million kWh produced, 9,340 kWh per capita (1989)

      Industries: tourism, banking

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

      Economic aid: none

      Currency: Guernsey pound (plural--pounds); 1 Guernsey (5G) pound = 100 pence

      Exchange rates: Guernsey pounds (5G) per US$1--0.5171 (January 1991), 0.5603 (1990), 0.6099 (1989), 0.5614 (1988), 0.6102 (1987), 0.6817 (1986), 0.7714 (1985); 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 1991 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Guernsey Economy 1991 information contained here. All suggestions for corrections of any errors about Guernsey Economy 1991 should be addressed to the CIA.

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    Revised 08-Feb-03
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