Economy - overview:
Financial services accounted for about 21% of employment and about 32% of total income in 2016 in this tiny, prosperous Channel Island economy. Construction, manufacturing, and horticulture, mainly tomatoes and cut flowers, have been declining. Financial services, professional services, tourism, retail, and the public sector have been growing. Light tax and death duties make Guernsey a popular offshore financial center.
GDP (purchasing power parity):
$3.465 billion
(2015 est.)
$3.451 billion
(2014 est.)
$3.42 billion
(2013 est.)
note: data are in 2015 dollars
country comparison to the world (CIA rank, may be based on non-current data):
184
[see also: GDP country ranks ]
GDP (official exchange rate):
$2.742 billion
(2005 est.)
[see also: GDP (official exchange rate) country ranks ]
GDP - real growth rate:
0.4%
(2015 est.)
1.2%
(2014 est.)
4.2%
(2012 est.)
country comparison to the world (CIA rank, may be based on non-current data):
193
[see also: GDP - real growth rate country ranks ]
GDP - per capita (PPP):
$52,500
(2014 est.)
country comparison to the world (CIA rank, may be based on non-current data):
24
[see also: GDP - per capita country ranks ]
GDP - composition, by sector of origin:
agriculture: 3%
(2000)
[see also: GDP - composition, by sector of origin - agriculture country ranks ]
industry: 10%
(2000)
[see also: GDP - composition, by sector of origin - industry country ranks ]
services: 87%
(2000)
[see also: GDP - composition, by sector of origin - services 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 ]
Labor force:
31,470
(March 2006)
country comparison to the world (CIA rank, may be based on non-current data):
203
[see also: Labor force country ranks ]
Unemployment rate:
1.2%
(2016 est.)
country comparison to the world (CIA rank, may be based on non-current data):
13
[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
[see also: Household income or consumption by percentage share - highest 10% country ranks ]
Budget:
revenues: 563.6 million
(2005)
[see also: Budget - revenues country ranks ]
expenditures: 530.9 million
(2005 est.)
[see also: Budget - expenditures country ranks ]
Taxes and other revenues:
20.6% (of GDP)
(2005)
country comparison to the world (CIA rank, may be based on non-current data):
146
[see also: Taxes and other revenues country ranks ]
Budget surplus (+) or deficit (-):
1.2% (of GDP)
(2005)
country comparison to the world (CIA rank, may be based on non-current data):
29
[see also: Budget surplus (+) or deficit (-) country ranks ]
Fiscal year:
calendar year
Inflation rate (consumer prices):
3.4%
(June 2006 est.)
country comparison to the world (CIA rank, may be based on non-current data):
141
[see also: Inflation rate (consumer prices) 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 per US dollar
0.7836
(2017 est.)
0.738
(2016 est.)
0.738
(2015)
0.6542
(2014)
0.607
(2013)
