A pilot of a new economic activity return that seeks to collect some specific information on
economic activity in Guernsey and Alderney has been launched.
GVA is one of the main measures used to determine the value generated by each sector of the economy in any particular year. It is used by the States to guide how much money should be invested in public infrastructure or donated to overseas aid, for example. It will also be used by policy makers in monitoring and supporting economic recovery following the coronavirus pandemic, helping to identify areas of both strength and weakness in the economy so they can target resources effectively.
More information about the pilot and how to access online and paper copies of the return
form can be found here https://gov.gg/economicactivityreturn. The deadline for completing
the pilot return and providing feedback is Thursday 10 th June 2021.
Helen Walton, Head of Data and Analysis (and Economic Statistics Supervisor) said:
“We want to be sure our first estimates of GVA and GDP for 2020 accurately reflect
the impacts that the coronavirus pandemic had on our economy and to do so, we
need some more data. The data needed, includes turnover and costs, which we hope
can easily be sourced from year-end accounts. The data you supply will be strictly
confidential to officers in the Data & Analysis Service and will only be used to
produce economic statistics.”
“All feedback is much appreciated and will be welcomed.” she concluded