Flag: white with the diagonal red cross of Saint Patrick (patron
saint of Ireland) extending to the corners of the flag
ECONOMY
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.
GDP: $NA, per capita $NA; real growth rate 8% (1987 est.)
Inflation rate (consumer prices): 8% (1988 est.)
Unemployment rate: NA%
Budget: revenues $308.0 million; expenditures $284.4 million,
including capital expenditures of NA (1985)
Exports: $NA;
commodities--light industrial and electrical goods,
foodstuffs, textiles;
partners--UK
Imports: $NA;
commodities--machinery and transport equipment, manufactured goods,
foodstuffs, mineral fuels, chemicals;
partners--UK
External debt: $NA
Industrial production: growth rate NA%
Electricity: 50,000 kW standby capacity (1990); power supplied by
France
Industries: tourism, banking and finance, dairy
Agriculture: potatoes, cauliflowers, tomatoes; dairy and cattle
farming
Economic aid: none
Currency: Jersey pound (plural--pounds); 1 Jersey pound (LJ) =
100 pence
Exchange rates: Jersey pounds (LJ) per US$1--0.5171 (January
1991), 0.5603 (1990), 0.6099 (1989), 0.5614 (1988), 0.6102 (1987), 0.6817
(1986), 0.7714 (1985); the Jersey pound is at par with the British pound
Fiscal year: 1 April-31 March
COMMUNICATIONS
Ports: Saint Helier, Gorey, Saint Aubin
Airports: 1 with permanent-surface runway 1,220-2,439 m (Saint
Peter)