This page contains information on Guernsey's Gross Value Added (GVA) and Gross Domestic Product (GDP).
GVA is a measure of how much each sector contributes to GDP.
GDP (totalling 3,050 million for Guernsey in 2017) is an aggregate measure of the total amount of income generated by individuals and corporations on the Island, which consists broadly of the following:
Individuals:
- Wages, bonuses, benefits in kind, employer social security and pension contributions
- Rental income (and imputed rental income for owner occupiers)
- Income from self-employment
Companies and Trading Bodies:
- Operating or trading profits
- Rental income
A revised method for calculating GDP was introduced in 2017 along with the introduction of a new method for calculating GVA. Details on the differences between the old and new method is provided in the GDP Questions and Answers document, available to download on this page alongside the Bulletin containing the latest figures.
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