| CHANNEL ISLANDER ECONOMY STATS: |
| Top Stats |
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Agriculture > products
potatoes, cauliflower, tomatoes; beef, dairy products |
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Budget > Expenditures
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$851,000,000.00 |
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[132nd of 165]
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Budget > Revenues
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$829,000,000.00 |
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[130th of 166]
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Debt > External
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$0.00 |
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[136th of 136]
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Economic aid > Recipient
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$0.00 |
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[12th of 134]
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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. |
Exchange rates
Jersey pounds per US dollar - 0.5462 (2004), 0.6125 (2003), 0.6672 (2002), 0.6947 (2001), 0.6609 (2000) |
Exchange rates > Note
the Jersey pound is at par with the British pound |
Exports > Commodities
light industrial and electrical goods, dairy cattle, foodstuffs, textiles |
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Exports > Partners
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UK |
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Fiscal year
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1 April - 31 March |
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GDP
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$2,200,000,000.00 |
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[139th of 203]
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GDP (official exchange rate)
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$5,100,000,000.00 |
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[127th of 192]
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GDP (purchasing power parity)
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$5,100,000,000.00 |
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[155th of 187]
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GDP > Composition by sector > Agriculture
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1% |
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[126th of 146]
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GDP > Composition by sector > Industry
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2% |
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[137th of 146]
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GDP > Composition by sector > Services
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97% |
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[1st of 146]
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Imports > Commodities
machinery and transport equipment, manufactured goods, foodstuffs, mineral fuels, chemicals |
Industries
tourism, banking and finance, dairy, electronics |
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Inflation rate (consumer prices)
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3.7% |
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[97th of 192]
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