Economy—overview: Financial services—banking, fund management, insurance, etc.—account for about 55% of total income in this tiny Channel Island economy. Tourism, manufacturing, and horticulture, mainly tomatoes and cut flowers, have been declining. Light tax and death duties make Guernsey a popular tax haven. The evolving economic integration of the EU nations is changing the rules of the game under which Guernsey operates.

GDP: $NA

GDP—real growth rate: NA%

GDP—per capita: $NA

GDP—composition by sector:
agriculture: NA%
industry: NA%
services: NA%

Population below poverty line: NA%

Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%

Inflation rate (consumer prices): 7% (1988)

Labor force: NA

Unemployment rate: 3%-4% (1994 est.)

Budget:
revenues: $277.9 million
expenditures: $248.8 million, including capital expenditures of $NA (1995 est.)

Industries: tourism, banking

Industrial production growth rate: NA%

Electricity—production: NA kWh

Electricity—production by source:
fossil fuel: NA%
hydro: NA%
nuclear: NA%
other: NA%

Electricity—consumption: NA kWh

Electricity—exports: NA kWh

Electricity—imports: NA kWh

Agriculture—products: tomatoes, greenhouse flowers, sweet peppers, eggplant, fruit; Guernsey cattle

Exports: $NA

Exports—commodities: tomatoes, flowers and ferns, sweet peppers, eggplant, other vegetables

Exports—partners: UK (regarded as internal trade)

Imports: $NA

Imports—commodities: coal, gasoline, oil, machinery and equipment

Imports—partners: UK (regarded as internal trade)

Debt—external: $NA

Economic aid—recipient: $NA

Currency: 1 Guernsey (�G) pound = 100 pence

Exchange rates: Guernsey pounds (�G) per US$1—0.6057 (January 1999), 0.6037 (1998), 0.6106 (1997), 0.6403 (1996), 0.6335 (1995), 0.6529 (1994); note—the Guernsey pound is at par with the British pound

Fiscal year: calendar year