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GVA and GNI
GVA measures the economic activity taking place in Jersey, overall and at the individual sector level. GVA can be measured by three approaches: expenditure, which in short is the sum of all final expenditure; output, which is the difference between total production and the purchases made to generate that production; and income, which is the sum of wages and salaries and profit. Of course the detailed calculations are more complex to take account of imports and exports, tax and subsidies, amongst other factors. For an economy such as Jersey another measure of the economy is also used, Gross National Income (GNI). This measures the value of output of Jersey people and Jersey-owned business; income earned by companies operating in Jersey but owned elsewhere is deducted whilst income earned abroad is added. Estimates of GVA and GNI are presented here for the years 1998-2006 based on the income approach. It should be recognised that Jersey does not have a full system of National Accounts and therefore the estimates cannot be as robust as those produced by countries that do. Statistical releases Data
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