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    Jersey Economy - 1991

      Overview: The economy is based largely on financial services, agriculture, and tourism. 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 earner. Milk products go to the UK and other EC countries. In 1986 the finance sector overtook tourism as the main contributor to GDP, accounting for 40% of the island's output. 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.

      GDP: $NA, per capita $NA; real growth rate 8% (1987 est.)

      Inflation rate (consumer prices): 8% (1988 est.)

      Unemployment rate: NA%

      Budget: revenues $308.0 million; expenditures $284.4 million, including capital expenditures of NA (1985)

      Exports: $NA; commodities--light industrial and electrical goods, foodstuffs, textiles; partners--UK

      Imports: $NA; commodities--machinery and transport equipment, manufactured goods, foodstuffs, mineral fuels, chemicals; partners--UK

      External debt: $NA

      Industrial production: growth rate NA%

      Electricity: 50,000 kW standby capacity (1990); power supplied by France

      Industries: tourism, banking and finance, dairy

      Agriculture: potatoes, cauliflowers, tomatoes; dairy and cattle farming

      Economic aid: none

      Currency: Jersey pound (plural--pounds); 1 Jersey pound (5J) = 100 pence

      Exchange rates: Jersey pounds (5J) per US$1--0.5171 (January 1991), 0.5603 (1990), 0.6099 (1989), 0.5614 (1988), 0.6102 (1987), 0.6817 (1986), 0.7714 (1985); the Jersey pound is at par with the British pound

      Fiscal year: 1 April-31 March

      NOTE: The information regarding Jersey on this page is re-published from the 1991 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Jersey Economy 1991 information contained here. All suggestions for corrections of any errors about Jersey Economy 1991 should be addressed to the CIA.

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    Revised 08-Feb-03
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