Financial services - banking, fund management, insurance - account for about 23% of employment and about 55% of total income in this tiny, prosperous channel island economy. tourism, manufacturing, and horticulture, mainly tomatoes and cut flowers, have been declining. financial services, construction, retail, and the public sector have been growing. 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.
65,726 (july 2008 est.)
Western europe, islands in the english channel, northwest of france
Total: 78 sq km land: 78 sq km water: 0 sq km note: includes alderney, guernsey, herm, sark, and some other smaller islands
About one-half the size of washington, dc
Conventional long form: bailiwick of guernsey conventional short form: guernsey
Name: saint peter port geographic coordinates: 49 27 n, 2 32 w time difference: utc 0 (5 hours ahead of washington, dc during standard time) daylight saving time: +1hr, begins last sunday in march; ends last sunday in october