Guernsey Economy
Is Guernsey a wealthy country?
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.
Guernsey Economy Data
What is the GDP of Guernsey?
| Currency Name and Code | Pound Sterling (GBP) |
| GDP - Gross Domestic Product (PPP) | $3,465,000,000 (USD) |
| GDP - official exchange rate | $2,742,000,000 (USD) |
| GDP - real growth rate | 0.9% |
| GDP Per Capita | $52,300.00 (USD) |
| GDP by Sector- agriculture | 3% |
| GDP by Sector- Industry | 10% |
| GDP by Sector- services | 87% |
| Inflation Rate | 3.4% |
| Labor Force | 31,470 |
| Unemployment Rate | 0.9% |
| Fiscal Year | calendar year |
| Annual Budget | $563,600,000 (USD) |
| Budget Surplus or Deficit - percent of GDP | 1.2% |
| Taxes and other revenues - percent of GDP | 20.6% |
| Major Industries | tourism, banking |
| Agriculture Products | tomatoes, greenhouse flowers, sweet peppers, eggplant, fruit; Guernsey cattle |
| Exchange Rate per US Dollar | British pound (GBP); note - there is also a Guernsey pound |
Labor Force by Occupation- As reported by Guernsey
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