1UpTravel


 

You are here > 1Up Travel > Countries of the World > Europe > Jersey



ADVERTISEMENT

Country

 Country Facts

  Introduction

  Geography

  People

  Government

  Economy

  Communications

  Transportation

  Military

  Maps & Cities

  Transnational issues


Related

  Jersey Guide
  Jersey Maps
  Jersey Flag
  More Jersey Flags
  Jersey Geography



Travel & Tourism . Tourist Guide to the Country

Jersey Economy




Jersey    Economy Top of Page
Economy - overview: The economy is based largely on international 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 income earner. Milk products go to the UK and other EU countries. In 1996 the finance sector accounted for about 60% of the island's output. Tourism, another mainstay of the economy, accounts for 24% 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.
GDP: purchasing power parity - $2.2 billion (1999 est.)
GDP - real growth rate: NA%
GDP - per capita: purchasing power parity - $24,800 (1999 est.)
GDP - composition by sector: agriculture:  5%

industry:  2%

services:  93% (1996)
Population below poverty line: NA%
Household income or consumption by percentage share: lowest 10%:  NA%

highest 10%:  NA%
Inflation rate (consumer prices): 4.7% (1998)
Labor force: 57,050 (1996)
Unemployment rate: 0.7% (1998 est.)
Budget: revenues:  $601 million

expenditures:  $588 million, including capital expenditures of $98 million (2000 est.)
Industries: tourism, banking and finance, dairy
Industrial production growth rate: NA%
Electricity - imports: NA kWh

note:  electricity supplied by France
Agriculture - products: potatoes, cauliflower, tomatoes; beef, dairy products
Exports: $NA
Exports - commodities: light industrial and electrical goods, foodstuffs, textiles
Exports - partners: UK
Imports: $NA
Imports - commodities: machinery and transport equipment, manufactured goods, foodstuffs, mineral fuels, chemicals
Imports - partners: UK
Debt - external: none
Economic aid - recipient: none
Currency: British pound (GBP); note - there is also a Jersey pound
Currency code: GBP
Exchange rates: Jersey pounds per US dollar - 0.6764 (January 2001), 0.6596 (2000), 0.6180 (1999), 0.6037 (1998), 0.6106 (1997), 0.6403 (1996); the Jersey pound is at par with the British pound
Fiscal year: 1 April - 31 March

 

Countryfacts Information Courtesy: CIA Worldbook








Make 1Up Travel your HomepageSend this Page to a FriendGo to Top of PagePrint this PageAdd 1Up Travel to your Favorites


CHANNELS

Compare Country Info Hotel Directory Geography Flags World Maps Travel Warnings National Parks

DESTINATIONS

Asia Africa Caribbean Middle East North America South America Central America Oceania Pacific Europe Polar Regions

PHOTO SPECIAL

Destinations Monuments Ancient Wonders Modern Wonders Natural Wonders

UTILITIES

World Time ISD Codes Travel Links Link Exchange

 



Disclaimer: Although we've tried to make the information on this web site as accurate as possible, we accept no responsibility for any loss, injury or inconvenience sustained by any person resulting from information published on this site. We encourage you to verify any critical information with the relevant authorities before you travel.

Copyright 1Up Travel All Rights Reserved.
Go Up

Privacy Policy