International organization participation:
UPU
Diplomatic representation in the US:
none (British crown dependency)
Diplomatic representation from the US:
none (British crown dependency)
Flag description:
white with the red cross of Saint George (patron saint of England)
extending to the edges of the flag and a yellow equal-armed cross of
William the Conqueror superimposed on the Saint George cross
Economy Guernsey
Economy - overview:
Financial services - banking, fund management, insurance - account
for about 55% of total income in this tiny, prosperous 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 environment under
which Guernsey operates.
GDP (purchasing power parity):
$2.59 billion (2003 est.)
GDP - real growth rate:
3% (2003 est.)
GDP - per capita:
purchasing power parity - $40,000 (2003 est.)
GDP - composition by sector: agriculture: 3% industry: 10% services: 87% (2000)