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 3,272 million for Guernsey in 2018) is an aggregate measure of the total amount of income generated by individuals and corporations on the Island, which consists broadly of the following:
- 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
The income approach method used in Guernsey was revised in 2017, to better align it with the international standard defined by the United Nations.The revised method was audited by Gross Domestic Product statisticians from the Office for National Statistics. They confirmed that the revised methodology represents "a significant improvement in data quality", but that "the use of only the income approach to measuring GDP will always leave further room for improvements". As a result, the Data and Analysis team plan to investigate the feasibility and costs of introducing a second (output) approach as well as introducing some further improvements to the income approach. If you are interested in being involved in this design of this process or would like any further information, please contact firstname.lastname@example.org.
See the provisional 2019 release dates [150kb] to find out when the next bulletin is due to be published.
If you would like to receive an email and/or text notification when the next version of this bulletin becomes available (or you wish to stop receiving those notifications), please log in or register here. To find out how Data and Analysis process your personal data if you sign up for notifications or in the production of national statistics you can read our Fair Processing Notice [213kb].