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%.
Percival the Puffin released close to his Herm home
Guernsey FC Women to begin FA Cup campaign
Full deployment of Guernsey's search and rescue assets off Herm
End to fare subsidy for Sark residents needing a medical appointment
Jersey and Guernsey women's teams to make FA Cup debuts
Eventful summer Saturday in Guernsey
No decision on GST for Guernsey until the autumn
New gaming venue opening in Guernsey this summer
