Further decline in traditional industry
Figures show the Island's economy continued to grow last year - but its structure is changing at an unprecedented rate.
GDP reached £4.51 billion in 2014/15, based on a five per cent rate of overall growth for that period.
Thirty-two years of successive growth - that's the headline figure from the latest National Accounts report, released this week by the Cabinet Office.
Look beyond the bold numbers and you'll see that boils down to a radical shift in the Island's economic composition.
e-Gaming has grown by a startling 22 per cent, now representing just short of a fifth of the whole economy.
That's followed closely by the insurance sector, which grew to 14.9 per cent of income in the period.
But it's a different story for our traditional industries - agriculture shrank by 21 per cent, manufacturing is down 19 per cent, and transport and communications contracted by a quarter.
But it seems like good news for tourism - which has cut recent losses to create a 79 per cent surge in growth since 2013.
The Chief Minister is cautiously optimistic - calling the figures 'reassuring' but pointing out the harsh reality of a now 'two-speed' modern economy.
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