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.

purchasing power parity - $2.2 billion (1999 est.)

NA%

purchasing power parity - $24,800 (1999 est.)

agriculture: 5%
industry: 2%
services: 93% (1996)

NA%

lowest 10%: NA%
highest 10%: NA%

4.7% (1998)

57,050 (1996)

0.7% (1998 est.)

revenues: $666.9 million
expenditures: $618.5 million, including capital expenditures of $128.4
million (1996 est.)

tourism, banking and finance, dairy

NA%

266 million kWh

fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0%

467 million kWh (1995)

0 kWh (1998)

201 million kWh (from France) (1995)

potatoes, cauliflower, tomatoes; beef, dairy
products

$NA

light industrial and electrical goods,
foodstuffs, textiles

UK

$NA

machinery and transport equipment, manufactured
goods, foodstuffs, mineral fuels, chemicals

UK

none

none

1 Jersey pound = 100 pence

Jersey pounds per US$1 - 0.6092 (January 2000), 0.6180
(1999), 0.6037 (1998), 0.6106 (1997), 0.6403 (1996), 0.6335 (1995);
the Jersey pound is at par with the British pound

1 April - 31 March