The economy of Guernsey is linked to financial services, such as banking, fund management, and insurance. Tourism, manufacturing, and horticulture, mainly tomatoes and cut flowers, especially freesias, have been declining. Light tax and death duties make Guernsey a popular offshore finance centre for Private equity funds.
Saint Peter Port is the capital of Guernsey. St. Peter Port is a small town consisting mostly of steep narrow streets and steps on the overlooking slopes and is the main port.
St Peter Port has an overall cost of living index which equates it with high cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups.
The latest cost of living rank for each of the 13 Basket Groups is now available.