Diplomatic representation in the US:
none (British crown dependency)
Diplomatic representation from the US:
none (British crown dependency)
Flag description:
white with a diagonal red cross extending to the corners of the
flag; in the upper quadrant, surmounted by a yellow crown, a red
shield with the three lions of England in yellow
Economy Jersey
Economy - overview:
Jersey's economy is based on international financial services,
agriculture, and tourism. In 1996, the finance sector accounted for
about 60% 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 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. Living standards come close to
those of the UK.
GDP (purchasing power parity):
$3.6 billion (2003 est.)
GDP (official exchange rate):
NA
GDP - real growth rate:
NA%
GDP - per capita (PPP):
$40,000 (2003 est.)
GDP - composition by sector: agriculture: 5% industry: 2% services: 93% (1996)