exxun.com - Jersey

Economy	Jersey
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Economy - overview:	Jersey's economy is based on international financial services, agriculture, and tourism. In 2005 the finance sector accounted for about 50% of the island's output. Potatoes, cauliflower, tomatoes, and especially flowers are important export crops, shipped mostly to the UK. The Jersey breed of dairy cattle is known worldwide and represents an important export income earner. Milk products go to the UK and other EU countries. Tourism accounts for one-quarter of GDP. In recent years, the government has encouraged light industry to locate in Jersey with the result that an electronics industry has developed, displacing more traditional industries. All raw material and energy requirements are imported as well as a large share of Jersey's food needs. Light taxes and death duties make the island a popular tax haven. Living standards come close to those of the UK.
GDP (purchasing power parity):	$5.1 billion (2005 est.)
GDP - per capita (PPP):	$57,000 (2005 est.)
GDP (official exchange rate):	$5.1 billion (2005 est.)
GDP - real growth rate:	NA%
GDP - composition by sector:	agriculture: 1% industry: 2% services: 97% (2005)
Investment (gross fixed):	void
Population below poverty line:	NA%
Household income or consumption by percentage share:	lowest 10%: NA% highest 10%: NA%
Distribution of family income - Gini index:	void
Inflation rate (consumer prices):	3.7% (2006)
Central bank discount rate:	void
Commercial bank prime lending rate:	void
Stock of money:	void
Stock of money - per capita:	void
Stock of quasi money:	void
Stock of quasi money - per capita:	void
Stock of domestic credit:	void
Stock of domestic credit - per capita:	void
Stock of narrow money:	void
Stock of broad money:	void
Labor force:	53,560 (June 2006)
Labor force participation rate:	56.88 % of population
Labor force - by occupation:	void
Unemployment rate:	2.2% (2006 est.)
Unemployment, youth ages 15-24:	void
Budget:	revenues: $829 million expenditures: $851 million (2005)
Budget revenues per capita:	8,805 USD per capita
Taxes and other revenues:	16.3% of GDP (2005)
Budget surplus (+) or deficit (-):	-0.4% of GDP (2005)
Public debt:	void
Industries:	tourism, banking and finance, dairy, electronics
Industrial production growth rate:	NA%
Electricity - production:	void
Electricity - production per capita:	void
Electricity - consumption:	630.1 million kWh (2004 est.)
Electricity - consumption - per capita:	6,692 kWh per capita
Electricity - exports:	void
Electricity - imports:	NA kWh; note - electricity supplied by France
Oil - production:	void
Oil - production per capita:	void
Oil - consumption:	void
Oil - consumption - per capita:	void
Oil - exports:	void
Oil - imports:	void
Oil - proved reserves:	void
Natural gas - production:	void
Natural gas - production per capita:	void
Natural gas - consumption:	void
Natural gas - consumption - per capita:	void
Natural gas - exports:	void
Natural gas - imports:	void
Natural gas - proved reserves:	void
Agriculture - products:	potatoes, cauliflower, tomatoes; beef, dairy products
Current account balance:	void
Current account balance - per capita:	void
Exports:	$NA
Exports per capita:	void
Exports - commodities:	light industrial and electrical goods, dairy cattle, foodstuffs, textiles, flowers
Exports - partners:	void
Imports:	$NA
Imports per capita:	void
Imports - commodities:	machinery and transport equipment, manufactured goods, foodstuffs, mineral fuels, chemicals
Imports - partners:	void
Reserves of foreign exchange and gold:	void
Reserves of foreign exchange and gold - per capita:	void
Debt - external:	$NA
Debt - external - per capita:	void
Stock of direct foreign investment - at home:	void
Stock of direct foreign investment - at home - per capita:	void
Stock of direct foreign investment - abroad:	void
Stock of direct foreign investment - abroad - per capita:	void
Market value of publicly traded shares:	$NA
Market value of publicly traded shares - per capita:	void
Currency (code):	Jersey pound note: the British pound is also legal tender
Exchange rates:	Jersey pounds per US dollar 0.6176 (2011) 0.6468 (2010) 0.6175 (2009) 0.5302 (2008) 0.4993 (2007)
Fiscal year:	1 April - 31 March

= Fields = World Records = Dictionary = Bar graph = Distribution map = Fields History = Definitions



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This page was last updated on 3 February, 2012

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