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1994-05-02
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66 lines
<text>
<title>
Jersey (UK): Economy
</title>
<article><hdr>The World Factbook 1993: Jersey
Economy</hdr><body>
<p>Overview: The economy is based largely on 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 earner. Milk products go to the UK and
other EC countries. In 1986 the finance sector overtook tourism as
the main contributor to GDP, accounting for 40% of the island's
output. 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.
</p>
<p>National product: GDP $NA
</p>
<p>National product real growth rate: 8% (1987 est.)
</p>
<p>National product per capita: $NA
</p>
<p>Inflation rate (consumer prices): 8% (1988 est.)
</p>
<p>Unemployment rate: NA%
</p>
<p>Budget: revenues $308.0 million; expenditures $284.4 million,
including capital expenditures of $NA (1985)
</p>
<list>
<l>Exports: $NA</l>
<l> commodities: light industrial and electrical goods,
foodstuffs, textiles</l>
<l> partners: UK</l>
<l>Imports: $NA</l>
<l> commodities: machinery and transport equipment, manufactured
goods, foodstuffs, mineral fuels, chemicals</l>
<l> partners: UK</l>
</list>
<p>External debt: $NA
</p>
<p>Industrial production: growth rate NA%
</p>
<p>Electricity: 50,000 kW standby capacity (1992); power supplied by
France
</p>
<p>Industries: tourism, banking and finance, dairy
</p>
<p>Agriculture: potatoes, cauliflowers, tomatoes; dairy and cattle
farming
</p>
<p>Economic aid: none
</p>
<p>Currency: 1 Jersey pound (#J)=100 pence
</p>
<p>Exchange rates: Jersey pounds (#J) per US$1 - 0.6527 (January
1993), 0.5664 (1992), 0.5652 (1991), 0.5603 (1990), 0.6099 (1989),
0.5614 (1988); the Jersey pound is at par with the British pound
</p>
<p>Fiscal year: 1 April-31 March
</p></body></article></text>