Economy — Guernsey
GDP, employment, industries, public finance, and currency.
Profile updated 2026-06-02
⚡ Economy at a glance
GDP, employment, industries, public finance, and currency. Key figure for Guernsey: 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 pu…
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Economic overview
- Economic 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.
- Industries
Tourism, banking
- GDP - per capita (PPP)
$52,300.00 (USD)
- GDP - real growth rate
0.9%
GDP & growth
- GDP - Gross Domestic Product (PPP)
$3,465,000,000 (USD)
- GDP Per Capita
$52,300.00 (USD)
- GDP - real growth rate
0.9%
- GDP - official exchange rate
$2,742,000,000 (USD)
- GDP by Sector- agriculture
3%
- GDP by Sector- Industry
10%
- GDP by Sector- services
87%
Prices & money
- Inflation Rate
3.4%
- Exchange Rate per US Dollar
British pound (GBP); note - there is also a Guernsey pound
- Currency Name and Code
Pound Sterling (GBP)
- Fiscal Year
Calendar year
Employment & labor
- Labor Force
31,470
- Unemployment Rate
0.9%
- Major Industries
Tourism, banking
- Agriculture Products
Tomatoes, greenhouse flowers, sweet peppers, eggplant, fruit; Guernsey cattle
Public finance
- Annual Budget
$563,600,000 (USD)
- Budget Surplus or Deficit - percent of GDP
1.2%
- Taxes and other revenues - percent of GDP
20.6%