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: purchasing power parity - $1.3 billion (1999 est.)
GDP - real growth rate: 5.7% (1999 est.)
GDP - per capita: purchasing power parity - $20,000 (1999 est.)
GDP - composition by sector: agriculture: 3%
industry: 10%
services: 87% (2000)
Population below poverty line: NA%
Household income or consumption by percentage share: lowest 10%: NA%
highest 10%: NA%