National accounts: GDP and GVA

​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​Gross Domestic Product (GDP)

Gross Domestic Product (GDP) is the traditional aggregate measure of an economy which requires specific treatment for services indirectly charged by financial services institutions (FISIM).

In 2023:

• GDP increased by 7.3% in real terms on an annual basis
  
• GDP was £6,575 million
  

GDP in real terms (£ million)

​Source: Statistics Jersey, download the data​​

GDP in real terms (£ million)

​Source: Statistics Jersey, download the data​

Gross Value Added (GVA)​

Gross Value Added shows the value of economic activity taking place in Jersey and shows the value of economic activity taking place in Jersey and permits a breakdown by each sector of the economy. GVA is presented at market prices and adjusted for the impact of Financial Intermediation Services Indirectly Measured (FISIM). Total GVA for the whole economy is therefore equal to Jersey’s GDP.​

GVA (market) by sector​

​Source: Statistics Jersey, download the data​

Download reports and data tables

You can read the most recent GDP and GVA report for 2023 below.

Measuring Jersey's economy: GDP and GVA 2023 report​

Data tables provide detail on the measures of Jersey's economy from 1998 onwards, overall and for the individual sectors of Jersey's economy. Data tables include:

• GVA in real terms
• GVA per full time equivalent worker
• GVA per head of population
  
• GDP in real terms
  

You can access the data tables associated with this release on the open data.

You can search by year for past reports on Statistics Jersey reports and documents.