Business and Economy

Statistics on the economy are wide ranging. Data on employment and earnings are available in labour market, while prices covers retail and house prices. Information available here covers the key indicators of the whole economy and also of specific sectors.

The main economic indicators are GVA (Gross Value Added) and GNI (Gross National Income) which measure the value or size of the whole economy and, in the case of GVA, also at the sectoral level.

Estimates of Jersey’s GVA and GNI calculated for each year from 1998 to 2006 are presented. These measures result from the introduction of a new and considerably more robust methodology (based on the recognised international framework) than that of previously published estimates for Jersey. The new measures published here, therefore, supersede all previous estimates of GVA, GNI and GDP for Jersey.

The largest single business sector in the Jersey economy is Financial Intermediation, which accounted for 50% of total GVA in 2005. Results of the annual survey of this sector are available here.

In 2004, the Statistics Unit carried out a Value Chain Survey  to help inform the development of the Fiscal Strategy. The survey was designed to gain a better understanding of the value chain in Jersey, that is the number of steps products and services go through between raw materials and the final consumer.

Key facts and figures

Jersey's financial institutions recorded profits of £1,460 million in 2007.

Jersey's GVA for 2006 was £3.7 billion and GNI was £3.4 billion