Diplomatic representation from the US: none (British crown dependency)
Flag description: white with a diagonal red cross extending to the corners of the flag and in the upper quadrant, surmounted by a yellow crown, a red shield holding the three lions of England in yellow
Economy Jersey
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%