Jersey banking services
*If you have assets worth $300,000 USD or more and would like it safeguarded in an Jersey Bank Account, click here for a consultation request..
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: $601 million
expenditures: $588 million, including capital expenditures of $98 million (2000 est.)
Industries: tourism, banking and finance, dairy
Industrial production growth rate: NA%
Electricity - imports: NA kWh
note: electricity supplied by France
Agriculture - products: potatoes, cauliflower, tomatoes; beef, dairy products
Exports: $NA
Exports - commodities: light industrial and electrical goods, foodstuffs, textiles
Exports - partners: UK
Imports: $NA
Imports - commodities: machinery and transport equipment, manufactured goods, foodstuffs, mineral fuels, chemicals
Imports - partners: UK
Debt - external: none
Economic aid - recipient: none
Currency: British pound (GBP); note - there is also a Jersey pound
Currency code: GBP
Exchange rates: Jersey pounds per US dollar - 0.6764 (January 2001), 0.6596 (2000), 0.6180 (1999), 0.6037 (1998), 0.6106 (1997), 0.6403 (1996); the Jersey pound is at par with the British pound
Fiscal year: 1 April - 31 March
*If you have assets worth $300,000 USD or more and would like it safeguarded in an Jersey Bank Account, click here for a consultation request..
= Abbey National International
= ABN AMRO Bank N.V., Jersey Branch
= AIB Bank (C I)
= Alpha Bank Jersey
= Anglo Irish Bank Corporation plc, Jersey Branch
= Ansbacher (Channel Islands)
= Bank Leumi (Jersey)
= Bank of India, Jersey Branch
= Bank of Scotland International
= Bank of Scotland plc, Jersey Branch
= Banque Transatlantique (Jersey)
= Barclays Bank plc, Jersey Branch
= Barclays Private Bank & Trust
= Barclays Private Clients International Limited, Jersey Branch
= BHF-Bank (Jersey)
= BNP Paribas S.A. Jersey Branch
= BNP Paribas Securities Services Custody Bank
= Citibank (Channel Islands)
= Citibank N.A., Jersey Branch
= Citicorp Banking Corporation
= Deutsche Bank International
= Dexia Private Bank Jersey
= EFG Private Bank (Channel Islands) Limited, Jersey Branch
= Fairbairn Private Bank
= HSBC Bank International
= HSBC Bank Middle East
= HSBC Bank Plc, Jersey Branch
= HSBC Private Bank (Jersey)
= ING Bank (Jersey)
= Investec Bank (Channel Islands) Limited, Jersey Branch
= JPMorgan Chase Bank N.A.,Jersey Branch
= Kleinwort Benson (Channel Islands)
= Lloyds TSB Bank Plc, Jersey Branch
= Lloyds TSB Offshore
= National Westminster Bank
= Royal Bank of Canada (Channel Islands) Limited, Jersey Branch
= SG Hambros Bank (Channel Islands)
= Standard Bank Jersey
= Standard Chartered (Jersey)
= Standard Chartered Bank, Jersey Branch
= The Co-operative Bank
= The National Bank of Dubai P.J.S.C., Jersey Branch
= The Royal Bank of Scotland International
= The Royal Bank of Scotland
= UBS AG, Jersey Branch
= UniCredit Bank Cayman Islands
= Union Bancaire Privée, Jersey Branch