GDP increased by 5% in 2023 but in real terms it has dipped by 2%, the first time since the pandemic.
GDP, or Gross Domestic Product, is the measure of the wealth of an economy.
Guernsey generated and impressive £3.48 billion last year, according to latest States figures. That is 5% up on 2022 but in real terms, it is down 2%. That erosion of wealth last happened in 2020, during the pandemic.
Each individual contributes £54,400.
Salaries and company profits are the biggest contributor to Guernseys' wealth.
Finance and insurance remain the most economically important economic contributors, at 37%. The wider finance sector contributed £1.52 billion to Guernsey's wealth.
Government and the tech sector are next, with construction adding just 4%.
Guernsey dance school upset by temporary theatre closure
Guernsey's business leaders come out against a plan to pause GST
Plans to improve the gene pool of the Royal Golden Guernsey Goat
Fog causes flight chaos at Guernsey Airport
Channel Islanders asked to report injured or dead seabirds
More than 200 emergency callouts for overflowing cesspits in Guernsey
Guernsey Library to host Costume Creation event ahead of World Book Day
Domino's Pizza to open in Guernsey
