Guernsey - Economy
How is the economy of Guernsey? Based on the information we have, Guernsey has a high-income English Channel island economy; strong financial sector but stressed due to COVID-19 disruptions; manufacturing, tourism, and construction industries suffered but expected to recover; stable inflation; maintains independent taxation authority. Key agricultural products in this country include: tomatoes, greenhouse flowers, sweet peppers, eggplant, fruit; Guernsey cattle.
More about the economy of Guernsey
| Labor force | 82,400 (2024 est.) |
|---|---|
| Industrial production growth rate | 1.3% (2023 est.) |
| Industries | tourism, banking |
| Population below poverty line | |
| Taxes and other revenues | |
| Fiscal year | |
| Exchange rates | |
| Currency | Guernsey pound per US dollar |
| Exchange rates 2024 | 0.782 (2024 est.) |
| Exchange rates 2023 | 0.805 (2023 est.) |
| Exchange rates 2022 | 0.811 (2022 est.) |
| Exchange rates 2021 | 0.727 (2021 est.) |
| Exchange rates 2020 | 0.78 (2020 est.) |
| Budget surplus (+) or deficit (-) | |
| Imports (partners) | almost entirely United Kingdom (2022) |
| Comodities Imports force | ships, aircraft, refined petroleum, mineral manufactures, beverages (2022) |
| Exports (partners) | almost entirely United Kingdom (2022) |
| Comodities Exports force | aircraft, photo lab equipment, clocks, ships, paintings (2022) |
| GDP (official exchange rate) | $12.508 billion (2023 est.) |
| GDP - composition, by sector of origin | |
| Agriculture | 0.6% (2023 est.) |
| Industry | 8.2% (2023 est.) |
| Services | 91.2% (2023 est.) |
| Unemployment rate | |
| Unemployment rate 2024 | 6.3% (2024 est.) |
| Unemployment rate 2023 | 6.2% (2023 est.) |
| Unemployment rate 2022 | 6.2% (2022 est.) |
| Youth unemployment rate (ages 15-24) | |
| Total | 14.1% (2024 est.) |
| Male | 14.2% (2024 est.) |
| Female | 13.9% (2024 est.) |
All Important Facts about Guernsey
Want to know more about Guernsey? Check all different factbooks for Guernsey below.
