Economy — Jersey
GDP, employment, industries, public finance, and currency.
Profile updated 2026-06-02
⚡ Economy at a glance
GDP, employment, industries, public finance, and currency. Key figure for Jersey: Jersey's economy is based on international financial services, agriculture, and tourism. In 2016, the financial services sector accounted for about 41% of the island's output. Agriculture represented about 1% of Jersey’s economy in 2016. Potatoes are an important export crop, shipped mostly to the UK. The Jersey bre…
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Economic overview
- Economic Overview
Jersey's economy is based on international financial services, agriculture, and tourism.
In 2016, the financial services sector accounted for about 41% of the island's output.
Agriculture represented about 1% of Jersey’s economy in 2016.
Potatoes are an important export crop, shipped mostly to the UK.
The Jersey breed of dairy cattle originated on the island and is known worldwide.
The dairy industry remains important to the island with approximately $8.8 million gallons of milk produced in 2015.
Tourism accounts for a significant portion of Jersey’s economy, with more than 700,000 total visitors in 2015.
Living standards come close to those of the UK.
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 offshore financial center.
Jersey maintains its relationship with the EU through the UK.
Therefore, in light of the UK’s decision to leave the EU, Jersey will also need to renegotiate its ties to the EU.
- Industries
tourism, banking and finance, dairy
- GDP - per capita (PPP)
$57,000.00 (USD)
- GDP - real growth rate
-0.3%
GDP & growth
- GDP - Gross Domestic Product (PPP)
$5,569,000,000 (USD)
- GDP Per Capita
$57,000.00 (USD)
- GDP - real growth rate
-0.3%
- GDP - official exchange rate
$5,771,000,000 (USD)
- GDP by Sector- agriculture
2%
- GDP by Sector- Industry
2%
- GDP by Sector- services
96%
Prices & money
- Inflation Rate
3.7%
- Exchange Rate per US Dollar
British pound (GBP); note - there is also a Jersey pound
- Currency Name and Code
Pound Sterling (GBP)
- Fiscal Year
1 April - 31 March
Employment & labor
- Labor Force
53,560
- Unemployment Rate
2.2%
- Major Industries
tourism, banking and finance, dairy
- Agriculture Products
potatoes, cauliflower, tomatoes; beef, dairy products
Public finance
- Annual Budget
$829,000,000 (USD)
- Budget Surplus or Deficit - percent of GDP
-0.4%
- Taxes and other revenues - percent of GDP
16.3%
