Economy - overview:
Jersey's economy is based on international financial services, agriculture, and tourism. In 2010 the financial services 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. In January 2013, Jersey signed a tax agreement with Guernsey and the Isle of Man, in order to enable the islands'' authorities to end tax avoidance and evasion. Living standards come close to those of the UK.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): GDP - composition, by sector of origin: Agriculture - products: Industries: Industrial production growth rate: Labor force: Unemployment rate: Population below poverty line: Household income or consumption by percentage share: Budget: Taxes and other revenues: Budget surplus (+) or deficit (-): Fiscal year: Inflation rate (consumer prices): Market value of publicly traded shares: Exports: Exports - commodities: Imports: Imports - commodities: Debt - external: Exchange rates:
NOTE: 1) The information regarding Jersey on this page is re-published from the 2014 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Jersey Economy 2014 information contained here. All suggestions for corrections of any errors about Jersey Economy 2014 should be addressed to the CIA.
$5.1 billion (2005 est.)
country comparison to the world: 170
[see also: GDP country ranks ]
$5.1 billion (2005 est.)
[see also: GDP (official exchange rate) country ranks ]
NA%
[see also: GDP - real growth rate country ranks ]
$57,000 (2005 est.)
country comparison to the world: 8
[see also: GDP - per capita country ranks ]
agriculture: 2%
[see also: GDP - composition, by sector of origin - agriculture country ranks ]
industry:
2%
services:
96% (2010)
potatoes, cauliflower, tomatoes; beef, dairy products
tourism, banking and finance, dairy, electronics
NA%
[see also: Industrial production growth rate country ranks ]
53,380 (June 2012)
country comparison to the world: 188
[see also: Labor force country ranks ]
1.7% (2012 est.)
country comparison to the world: 8
[see also: Unemployment rate country ranks ]
NA%
[see also: Population below poverty line country ranks ]
lowest 10%: NA%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%:
NA%
revenues: $829 million
[see also: Budget revenues country ranks ]
expenditures:
$851 million (2005)
16.3% of GDP (2005)
country comparison to the world: 186
[see also: Taxes and other revenues country ranks ]
-0.4% of GDP (2005)
country comparison to the world: 55
[see also: Budget surplus (+) or deficit (-) country ranks ]
1 April - 31 March
3.7% (2006)
country comparison to the world: 113
[see also: Inflation rate (consumer prices) country ranks ]
$NA
[see also: Market value of publicly traded shares country ranks ]
$NA
[see also: Exports country ranks ]
light industrial and electrical goods, dairy cattle, foodstuffs, textiles, flowers
$NA
[see also: Imports country ranks ]
machinery and transport equipment, manufactured goods, foodstuffs, mineral fuels, chemicals
$NA
[see also: Debt - external country ranks ]
Jersey pounds (JEP) per US dollar
2) The rank that you see is the CIA reported rank, which may habe the following issues:
a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order
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This page was last modified 06-Nov-14