Economy (Jersey)
================


     Overview:
         The economy is based largely on 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 earner. Milk
         products go to the UK and other EC countries. In 1986 the finance sector
         overtook tourism as the main contributor to GDP, accounting for 40% of the
         island's output. 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.
     GDP:
         $NA, per capita $NA; real growth rate 8% (1987 est.)
     Inflation rate (consumer prices):
         8% (1988 est.)
     Unemployment rate:
         NA%
     Budget:
         revenues $308.0 million; expenditures $284.4 million, including capital
         expenditures of NA (1985)
     Exports:
         $NA
       commodities:
         light industrial and electrical goods, foodstuffs, textiles
       partners:
         UK
     Imports:
         $NA
       commodities:
         machinery and transport equipment, manufactured goods, foodstuffs, mineral
         fuels, chemicals
       partners:
         UK
     External debt:
         $NA
     Industrial production:
         growth rate NA%
     Electricity:
         50,000 kW standby capacity (1990); power supplied by France
     Industries:
         tourism, banking and finance, dairy
     Agriculture:
         potatoes, cauliflowers, tomatoes; dairy and cattle farming
     Economic aid:
         none
     Currency:
         Jersey pound (plural - pounds); 1 Jersey pound (#J) = 100 pence
     Exchange rates:
         Jersey pounds (#J) per US$1 - 0.5799 (March 1992), 0.5652 (1991), 0.5603
         (1990), 0.6099 (1989), 0.5614 (1988), 0.6102 (1987), 0.6817 (1986); the
         Jersey pound is at par with the British pound
     Fiscal year:
         1 April - 31 March