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Information and public services for the Island of Jersey

L'înformâtion et les sèrvices publyis pouor I'Île dé Jèrri

Measuring Jersey's economy: GVA and GDP 2013 report

Produced by the Statistics Jersey (Strategic Policy, Planning and Performance)
Authored by Statistics Unit and published on 01 Oct 2014
Prepared internally, no external cost


​​​The main economic indicator ​which measures the value or size of the whole Jersey economy is GVA (Gross Value Added). It's calculated from a robust methodology based on the recognised international framework.

​​The 2013 report shows that:​

  • in 2013, Jersey’s economy as measured by total GVA was essentially unchanged in real terms on an annual basis
  • 2013 represents the first occasion in six years that total GVA has not recorded a significant fall in real terms on an annual basis
  • the relative stability of total GVA in 2013 compared with the previous year was driven by the real-term growth recorded by several non-finance sectors:
    • agriculture, hotels, restaurants and bars, the private sector service industries, the public sector, transport, storage and communications and the utilities sector each recorded real-term growth of GVA in 2013
    • in contrast, the GVA of the finance sector, which accounted for more than two-fifths (42%) of all economic activity in the Island, decreased by 3% in real-terms in 20​13; construction and manufacturing also recorded real term falls of GVA in 2013
  • since the global economic downturn in 2008, the total GVA of Jersey’s economy has decreased by a sixth (16%) in real terms. Over this period, the GVA of the f​inance sector has decreased by a third (33%) in real terms, whilst that of the non-finance sectors, overall, has decreased by 5%
  • total GVA in 2013 was £3.7 billion (current year values)

Download GVA and GDP 2013 report (size 186kb)
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