Guernsey Economy

Is Guernsey a rich 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?

GDP - Gross Domestic Product (PPP) $3,420,000,000 (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
Currency Code British pound (GBP); note - there is also a Guernsey pound

Labor Force by Occupation- As reported by Guernsey

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