Jersey - Economy
How is the economy of Jersey? Based on the information we have, Jersey has a British territorial island economy; strong offshore banking and finance sectors; low asset taxation; strong tourism sector prior to COVID-19 and Brexit; one of the most expensive places to live; minimal welfare system; historical cider industry. Key agricultural products in this country include: potatoes, cauliflower, tomatoes; beef, dairy products.
More about the economy of Jersey
| Labor force | 86,000 (2023 est.) |
|---|---|
| Industrial production growth rate | 1.64% (2022 est.) |
| Industries | tourism, banking and finance, dairy, electronics |
| Population below poverty line | |
| Taxes and other revenues | |
| Fiscal year | |
| Exchange rates | |
| Currency | Jersey pounds (JEP) per US dollar |
| Exchange rates 2023 | 0.805 (2023 est.) |
| Exchange rates 2022 | 0.811 (2022 est.) |
| Exchange rates 2021 | 0.727 (2021 est.) |
| Exchange rates 2020 | 0.78 (2020 est.) |
| Exchange rates 2019 | 0.783 (2019 est.) |
| Debt - external | |
| Budget | |
| Revenues | $829 million (2005) |
| Expenditures | $851 million (2005) |
| Budget surplus (+) or deficit (-) | |
| Imports (partners) | almost entirely United Kingdom (2022) |
| Comodities Imports force | artwork, ships, vegetables, fruits, jewelry (2022) |
| Exports (partners) | almost entirely United Kingdom (2022) |
| Comodities Exports force | refined petroleum, beverages, ships, jewelry, artwork (2022) |
| Real GDP (purchasing power parity) | |
| Real GDP (purchasing power parity) 2016 | $5.569 billion (2016 est.) |
| Real GDP (purchasing power parity) 2015 | $5.514 billion (2015 est.) |
| Real GDP (purchasing power parity) 2014 | $4.98 billion (2014 est.) |
| GDP (official exchange rate) | $11.228 billion (2022 est.) |
| Real GDP Per capita | |
| Real GDP per capita 2016 | $56,600 (2016 est.) |
| Real GDP per capita 2015 | $49,500 (2015 est.) |
| GDP - composition, by sector of origin | |
| Agriculture | 2% (2010) |
| Industry | 2% (2010) |
| Services | 96% (2010) |
| Unemployment rate | |
| Unemployment rate 2023 | 5.98% (2023 est.) |
| Unemployment rate 2022 | 5.91% (2022 est.) |
| Unemployment rate 2021 | 6.61% (2021 est.) |
| Youth unemployment rate (ages 15-24) | |
| Total | 13.5% (2023 est.) |
| Male | 13.7% (2023 est.) |
| Female | 13.2% (2023 est.) |
All Important Facts about Jersey
Want to know more about Jersey? Check all different factbooks for Jersey below.
