However, the finance sector is still the largest contributor to the island’s economy, with 37.3% of all output assigned by sector.
The total GDP for Guernsey was estimated at £2.186bn – an increase of 0.5% on 2012 in real terms.
Non-finance sector output grew by an estimated 0.5%, with as many sectors experiencing a fall in output as those experiencing an increase.
Retail and horticulture, for example, saw the biggest declines, losing 7.2% and 21.9% respectively. Law was the biggest climber by sector, increasing its output by 7.2%.
This is the fourth year running (and the 8th year out of 10) that the island's GDP has increased.
