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1994-05-02
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<text>
<title>
Guernsey (UK): Economy
</title>
<article><hdr>The World Factbook 1993: Guernsey
Economy</hdr><body>
<p>Overview: Tourism is a major source of revenue. Other economic
activity includes financial services, breeding the world-famous
Guernsey cattle, and growing tomatoes and flowers for export.
</p>
<p>National product: GDP - $NA
</p>
<p>National product real growth rate: 9% (1987)
</p>
<p>National product per capita: $NA
</p>
<p>Inflation rate (consumer prices): 7% (1988)
</p>
<p>Unemployment rate: NA%
</p>
<p>Budget: revenues $208.9 million; expenditures $173.9 million,
including capital expenditures of $NA (1988)
</p>
<list>
<l>Exports: $NA</l>
<l> commodities: tomatoes, flowers and ferns, sweet peppers,
eggplant, other vegetables</l>
<l> partners: UK (regarded as internal trade)</l>
<l>Imports: $NA</l>
<l> commodities: coal, gasoline, and oil</l>
<l> partners: UK (regarded as internal trade)</l>
</list>
<p>External debt: $NA
</p>
<p>Industrial production: growth rate NA%
</p>
<p>Electricity: 173,000 kW capacity; 525 million kWh produced, 9,060
kWh per capita (1992)
</p>
<p>Industries: tourism, banking
</p>
<p>Agriculture: tomatoes, flowers (mostly grown in greenhouses), sweet
peppers, eggplant, other vegetables, fruit; Guernsey cattle
</p>
<p>Economic aid: none
</p>
<p>Currency: 1 Guernsey (#G) pound=100 pence
</p>
<p>Exchange rates: Guernsey pounds (#G) per US$1 - 0.6527 (January
1993), 0.5664 (1992), 0.5652 (1991), 0.5603 (1990), 0.6099 (1989),
0.5614 (1988); note - the Guernsey pound is at par with the British
pound
</p>
<p>Fiscal year: calendar year
</p></body></article></text>