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Jersey Economy 2019

SOURCE: 2019 CIA WORLD FACTBOOK AND OTHER SOURCES











Jersey Economy 2019
SOURCE: 2019 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on February 08, 2019

Economy - overview:
Jersey's economy is based on international financial services, agriculture, and tourism. In 2016, the financial services sector accounted for about 41% of the island's output. Agriculture represented about 1% of Jersey’s economy in 2016. Potatoes are an important export crop, shipped mostly to the UK. The Jersey breed of dairy cattle originated on the island and is known worldwide. The dairy industry remains important to the island with approximately $8.8 million gallons of milk produced in 2015. Tourism accounts for a significant portion of Jersey’s economy, with more than 700,000 total visitors in 2015. Living standards come close to those of the UK. 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 offshore financial center. Jersey maintains its relationship with the EU through the UK. Therefore, in light of the UK’s decision to leave the EU, Jersey will also need to renegotiate its ties to the EU.

GDP (purchasing power parity):
$5.569 billion (2016 est.)
$5.514 billion (2015 est.)
$4.98 billion (2014)
note: data are in 2015 US dollars
country comparison to the world: 175
[see also: GDP country ranks ]

GDP (official exchange rate):
$5.004 billion (2015 est.) (2015 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
1% (2016 est.)
10.7% (2015 est.)
country comparison to the world: 184
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$56,600 (2016 est.)
$49,500 (2015 est.)
country comparison to the world: 21
[see also: GDP - per capita country ranks ]

GDP - composition, by sector of origin:
agriculture: 2% (2010)
[see also: GDP - composition, by sector of origin - agriculture country ranks ]
industry: 2% (2010)
[see also: GDP - composition, by sector of origin - industry country ranks ]
services: 96% (2010)
[see also: GDP - composition, by sector of origin - services country ranks ]

Agriculture - products:
potatoes, cauliflower, tomatoes; beef, dairy products

Industries:
tourism, banking and finance, dairy, electronics

Industrial production growth rate:
NA
[see also: Industrial production growth rate country ranks ]

Labor force:
59,950 (2017 est.)
country comparison to the world: 187
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 3%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 12%
[see also: Labor force - by occupation - industry country ranks ]
services: 85% (2014 est.)
[see also: Labor force - by occupation - services country ranks ]

Unemployment rate:
4% (2015 est.)
4.6% (2014 est.)
country comparison to the world: 52
[see also: Unemployment rate country ranks ]

Population below poverty line:
NA
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: NA
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: NA
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Distribution of family income - Gini index:
0.3 (2014 est.)
0.3 (2013 est.)
country comparison to the world: 158
[see also: Distribution of family income - Gini index country ranks ]

Budget:
revenues: 829 million (2005)
[see also: Budget - revenues country ranks ]
expenditures: 851 million (2005)
[see also: Budget - expenditures country ranks ]

Taxes and other revenues:
16.6% (of GDP) (2005)
country comparison to the world: 179
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-0.4% (of GDP) (2005)
country comparison to the world: 57
[see also: Budget surplus (+) or deficit (-) country ranks ]

Fiscal year:
1 April - 31 March

Inflation rate (consumer prices):
3.7% (2006)
country comparison to the world: 146
[see also: Inflation rate (consumer prices) country ranks ]

Market value of publicly traded shares:
NA
[see also: Market value of publicly traded shares country ranks ]

Exports:
NA
[see also: Exports country ranks ]

Exports - commodities:
light industrial and electrical goods, dairy cattle, foodstuffs, textiles, flowers

Imports:
NA
[see also: Imports country ranks ]

Imports - commodities:
machinery and transport equipment, manufactured goods, foodstuffs, mineral fuels, chemicals

Debt - external:
NA
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:
(31 December 2009 est.)
[see also: Stock of direct foreign investment - at home country ranks ]

Exchange rates:
Jersey pounds (JEP) per US dollar
0.7836 (2017 est.)
0.738 (2016 est.)
0.738 (2015)
0.6542 (2012)
0.6391 (2011 est.)

NOTE: 1) The information regarding Jersey on this page is re-published from the 2019 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Jersey Economy 2019 information contained here. All suggestions for corrections of any errors about Jersey Economy 2019 should be addressed to the CIA.
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






This page was last modified 08-Feb-19
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