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→Economy of Guernsey
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==Economy of Guernsey== | ==Economy of Guernsey== | ||
A spirit of enterprise, entrepreneurial skills and a flair for commerce have made Guernsey a centre of excellence for a number of industries over many hundreds of years. | |||
In the last 50 years, finance has become the mainstay of the Guernsey economy so that today, of the 31,000 people employed in the Island, 6,500 (21%) work in financial services. Finance (37%) is the largest single direct contributor to the Island's Gross Domestic Product which stands at £2.2 billion (£35,000 per head of population). | |||
The success of the financial services industry has helped sustain a stable economy within an unemployment rate of around 1%. In October 2014, the international credit rating agency, Standard & Poor's, assigned Guernsey a high grade AA+ credit rating and confirmed the Guernsey's outlook as stable. | |||
As well as financial services, the Island boasts buoyant light industrial and services sectors. In addition, with its naturally beautiful landscape Guernsey remains a popular tourist destination where traditional industries such as horticulture, agriculture and fishing play an important part in the Island's economy. | |||
Guernsey's Commerce and Employment Department is committed to encouraging further business development that will contribute to a diverse and sustainable economy and is exploring opportunities in the burgeoning areas of Intellectual Property, renewable energy and ICT, such as FinTech. | |||
The States of Guernsey Policy and Research Unit can provide further statistics, information and facts and figures on the island. | |||
'''Major Industries:''' tourism, banking | '''Major Industries:''' tourism, banking | ||