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Home > Country Profile > Guernsey Economy

Guernsey Economy

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PEOPLE OF GUERNSEY

The people of Guernsey are peace-loving people who are basically free and frank in nature thereby treating their guest with warm hospitality. The official language of Guernsey is English though French is widely accepted within the region. Norman vernacular is even spoken within the province. One gets to experience the traces of French culture, combined with the Anglo-Saxon and Continental ethnicity that is clearly distinct within their culture. Portuguese is also accepted by 2% of the population residing in this place.

ARTS, CULTURE AND MUSIC OF GUERNSEY

Art: Take a wonderful tour to the Guernsey Museum & Art Gallery, which is nestled in the Candie Garden that originated during the 19 th century, which exhibited several historical pieces. The artworks in Guernsey seem to depict coastal setting along with the landscape splendor and their indulgence in the seafaring ritual.

Culture: The linguistic heritage can be well noticed in the family and place names given by the native folks. Though Island's conventional color for any sporting event is green but the Guernsey Post boxes and the telephone booth are colored in blue.

Music: It was from the French and English influences from where the music gained its popularity. Participate in the Victor Hugo International Music Festival that is celebrated here in full frenzy. The folk music of the region ensnares you with its tunes especially the Irish harpist who originated in this region like Maire Ni Chathasaigh and Chris Newman, Coope, Boyes & Simpson, Stocai and Marinade.

FLAG OF GUERNSEY

The flag of Guernsey was officially accepted in the month of 1985. The flag is designed with a gold cross lying in the midst of the St.

George Red Cross. The gold cross denotes the Duke William of the Normandy region, who possessed a similar cross during the Battle of Hastings, which was granted to him by the Alexander Pope II.

ECONOMY OF GUERNSEY

The economy of Guernsey is mainly dependent on the Financial and monetary sector that contributes about 55 % of the total revenue generation within the country. They are mainly:

  • Banking
  • Fund management
  • and, Insurance

The industry of Tourism, manufacturing, and horticulture, saw its decline in recent times. In this tax land, taxes are generally levied on the Light taxes and death duties from where the returns are generally earned. The economic integration of the EU nations has come up with a new set of rules on which the area functions. The province is even improving the present tax rules in order to compete in the international market. Guernsey is known to posses its own sterling coinage and currency notes. UK currency, English and Scottish banknotes circulates freely within the region.

Stay connected at Mapsofworld for all relevant information about the Guernsey Island.


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