Political parties and leaders: none; all independents
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 and in the upper quadrant, surmounted by a yellow
crown, a red shield holding the three lions of England in yellow
@Jersey:Economy
Economy - overview: The economy is based largely on international
financial services, agriculture, and tourism. 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. In 1996 the finance sector accounted
for about 60% of the island's output. Tourism, another mainstay of the
economy, accounts for 24% 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.
GDP: purchasing power parity - $2.2 billion (1999 est.)
GDP - real growth rate: NA%
GDP - per capita: purchasing power parity - $24,800 (1999 est.)
GDP - composition by sector:
agriculture: 5%
industry: 2%
services: 93% (1996)
Population below poverty line: NA%
Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%
Inflation rate (consumer prices): 4.7% (1998)
Labor force: 57,050 (1996)
Unemployment rate: 0.7% (1998 est.)
Budget:
revenues: $666.9 million
expenditures: $618.5 million, including capital expenditures of $128.4
million (1996 est.)
Industries: tourism, banking and finance, dairy
Industrial production growth rate: NA%
Electricity - production: 266 million kWh
Electricity - production by source:
fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0%
Electricity - consumption: 467 million kWh (1995)
Electricity - exports: 0 kWh (1998)
Electricity - imports: 201 million kWh (from France) (1995)
Agriculture - products: potatoes, cauliflower, tomatoes; beef, dairy
products
Exports: $NA
Exports - commodities: light industrial and electrical goods,
foodstu
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