tage through building
preservation)

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 2005 the finance sector accounted for
about 50% 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 one-quarter 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):

$5.1 billion (2005 est.)

GDP (official exchange rate):

$5.1 billion (2005 est.)

GDP - real growth rate:

NA%

GDP - per capita (PPP):

$57,000 (2005 est.)

GDP - composition by sector:

agriculture: 1%
industry: 2%
services: 97% (2005)

Labor force:

53,560 (June 2006)

Unemployment rate:

2.2% (2006 est.)

Population below poverty line:

NA%

Household income or consumption by percentage share:

lowest 10%: NA%
highest 10%: NA%

Budget:

revenues: $829 million
expenditures: $851 million (2005)

Fiscal year:

1 April - 31 March

Inflation rate (consumer prices):

3.7% (December 2006)

Agriculture - products:

potatoes, cauliflower, tomatoes; beef, dairy products

Industries:

tourism, banking and finance, dairy, electronics

Industrial production growth rate:

NA%

Electricity - consumption:

630.1 million kWh (2004 est.)

Electricity - imports:

NA kWh; note - electricity supplied by France

Exports:

$NA

Exports - commodities:

light industrial and electrical goods, dairy cattle, food