| People | 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 alongside the traditional manufacturing of knitwear. 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 (official exchange rate):
|
$5.1 billion (2005 est.) |
GDP - real growth rate:
|
NA% |
GDP - per capita (PPP):
|
$57,000 (2005 est.) |
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% (December 2006) |
Labor force:
|
53,560 (June 2006) |
Labor force participation rate:
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58.51 % of population |
Labor force - by occupation:
|
void |
Unemployment rate:
|
2.2% (2006 est.) |
Budget:
|
revenues: $829 million
expenditures: $851 million (2005) |
Budget revenues per capita:
|
9,057 USD per capita |
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:
|
6,884 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 |
Exports - partners:
|
UK (2006) |
Imports:
|
$NA |
Imports per capita:
|
void |
Imports - commodities:
|
machinery and transport equipment, manufactured goods, foodstuffs, mineral fuels, chemicals |
Imports - partners:
|
UK (2006) |
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 - abroad:
|
void |
Market value of publicly traded shares:
|
$NA |
Economic aid - donor:
|
void |
Economic aid - recipient:
|
void |
Economic aid - recipient per capita:
|
void |
Currency (code):
|
Jersey pound
note: the British pound is also legal tender |
Exchange rates:
|
Jersey pounds per US dollar - 0.4993 (2007), 0.5418 (2006), 0.5493 (2005), 0.5462 (2004), 0.6125 (2003)
note: the Jersey pound is at par with the British pound |
Fiscal year:
|
1 April - 31 March |
|
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