Jersey Economic Statistics and Indicators

28, Jan 2020, EST. Welcome to the Jersey economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: Jersey › Change country
National or Regional Currency: British Pound Sterling, GBP
Year of data: 2015 › Change year
Number of Indicators Listed:
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 96,513 (July 2014 est.)
Area: total: 116 sq km ; land: 116 sq km ; water: 0 sq km
Natural Resources: arable land
Capital: name: Saint Helier ; geographic coordinates: 49 11 N, 2 06 W ; time difference: UTC 0 (5 hours ahead of Washington, DC, during Standard Time) ; daylight saving time: +1hr, begins last Sunday in March; ends last Sunday in October

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.

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