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eral Assembly of the States; consists of the bailiff, 10 Douzaine (parish council) representatives, 45 people's deputies elected by popular vote, 2 representatives from Alderney, Her Majesty's Procureur (Attorney General), Her Majesty's Comptroller (Solicitor General) and Her Majesty's Greffier (Court Recorder and Registrar General); note - Alderney and Sark have their own parliaments elections: last held 12 April 2000 (next to be held NA 2004) election results: percent of vote - NA%; seats - all independents Judicial branch: Royal Court Political parties and leaders: none; all independents Political pressure groups and leaders: none International organization participation: none Diplomatic representation in the US: none (British crown dependency) Diplomatic representation from the US: none (British crown dependency) Flag description: white with the red cross of Saint George (patron saint of England) extending to the edges of the flag and a yellow equal-armed cross of William the Conqueror superimposed on the Saint George cross Economy Guernsey Economy - overview: Financial services - banking, fund management, insurance, etc. - account for about 55% of total income in this tiny Channel Island economy. Tourism, manufacturing, and horticulture, mainly tomatoes and cut flowers, have been declining. Light tax and death duties make Guernsey a popular tax haven. The evolving economic integration of the EU nations is changing the rules of the game under which Guernsey operates. GDP: purchasing power parity - $1.3 billion (1999 est.) GDP - real growth rate: 5.7% (1999 est.) GDP - per capita: purchasing power parity - $20,000 (1999 est.) GDP - composition by sector: agriculture: 3% industry: 10% services: 87% (2000) Population below poverty line: NA% Household income or consumption by percentage share: lowest 10%: NA% highest 10%: NA% Inflation rate (consumer prices): 3.99% (2000 est.) Labor force: 31,322 (2000) Unemployment rate: 0.5% (1999 est.) Budget: revenues: $381.3 million expenditures: $368.8 million, including capital expenditures of $NA (2000 est.) Industries: tourism, banking Industrial production growth rate: NA% Electricity - production: NA kWh Electricity - production by source: fossil fuel: NA% hydro: NA% other: NA% nuclear: NA% Electricity - consumption: NA kWh Electricity - exports: NA kWh Electricity - imports: NA kWh Agricu
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