Exporting

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Jersey and the other Channel Islands represent the last remnants of the medieval Dukedom of Normandy that held sway in both France and England. These islands were the only British soil occupied by German troops in World War II. The Bailiwick of Jersey is a British Crown dependency but is not part of the UK or of the EU. However, the UK Government is constitutionally responsible for its defense and international representation.

Location

Western Europe, island in the English Channel, northwest of France

Natural Resources

arable land

Population - distribution

fairly even distribution; no notable trends

English 94.5% (official), Portuguese 4.6%, other 0.9% (2001 census)
Conventional long form
Bailiwick of Jersey
Conventional short form
Jersey
Local long form
Local short form
parliamentary democracy (Assembly of the States of Jersey); a Crown dependency of the UK
Name
Saint Helier
Geographic coordinates
49 11 N, 2 06 W
Time difference
UTC 0 (5 hours ahead of Washington, DC, during Standard Time)
Daylight saving time
+1hr, begins last Sunday in March; ends last Sunday in October
Jersey's economy is based on international financial services, agriculture, and tourism. In 2010, the financial services sector accounted for about 50% of the island's output. 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. Tourism accounts for one-quarter of GDP. Living standards come close to those of the UK. In recent years, the government has encouraged light industry to locate in Jersey with the result that an electronics industry has developed, displacing more traditional industries. 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. In October 2014, Jersey signed an OECD agreement to automatically exchange some financial account information to limit tax avoidance and evasion.
Inflation
None%
Total tax rate (% of commercial profits)
None%
Real Interest Rate
None%
Manufacturing, value added (% of GDP)
None%
Current Account Balance
US$
Labor Force, Total
Employment in Agriculture
%
Employment in Industry
%
Employment in Services
%
Unemployment Rate
%
Imports of goods and services
US$
Exports of goods and services
US$
Total Merchandise Trade
%
FDI, net inflows
US$
Commercial Service Exports
US$
potatoes, cauliflower, tomatoes; beef, dairy products
tourism, banking and finance, dairy, electronics
Commodities
light industrial and electrical goods, dairy cattle, foodstuffs, textiles, flowers
Partners
Commodities
machinery and transport equipment, manufactured goods, foodstuffs, mineral fuels, chemicals
Partners
Country Risk Rating
Business Climate Rating

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