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Country name:

Jersey

 

Capital:

St Helier. Population: 29,000 (UN 2003).

 

Location:

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

 

Area:

total: 116 sq km
land: 116 sq km
water: 0 sq km

 

Description:
Jersey is the largest of the Channel Islands, lying approximately 160km (100 miles) south of the coast of England and 23km (14 miles) from the coast of Normandy in France. The island is roughly 14.5km (9 miles) by 8km (5 miles). It slopes from north to south and often appears to visitors to be largely composed of pink granite. Jersey has over 20 bays, many small harbours and magnificent beaches bathed by the warm waters of the Gulf Stream. Government
 

 

Population:

91,626 (2009 estimate).

 

Map of Jersey

 

Languages:

English (official), French (official), Norman-French dialect spoken in country districts

 

Economy - overview:

Although agriculture is still important as a source of employment and prestige (Jersey cows are renowned throughout the world) offshore banking and tourism are the mainstays of the economy: the former because of the island’s exemption from the UK tax system and the latter through continental influence and a benign climate. In 2005, finance and banking accounted for half of the GDP and were largely responsible for Jersey’s 2006 unemployment rate of just 2.2%. New and highly regulated legislation designed to tighten up some of the less salubrious aspects of Jersey’s financial environment should serve to strengthen its reputation in an era when offshore finance is coming under growing political pressure through its implication in money-laundering. In the last few years, Jersey has signed up to several international initiatives designed to tackle the problem while improving financial transparency.

Economy:

Although agriculture is still important as a source of employment and prestige (Jersey cows are renowned throughout the world) offshore banking and tourism are the mainstays of the economy: the former because of the island’s exemption from the UK tax system and the latter through continental influence and a benign climate. In 2005, finance and banking accounted for half of the GDP and were largely responsible for Jersey’s 2006 unemployment rate of just 2.2%. New and highly regulated legislation designed to tighten up some of the less salubrious aspects of Jersey’s financial environment should serve to strengthen its reputation in an era when offshore finance is coming under growing political pressure through its implication in money-laundering. In the last few years, Jersey has signed up to several international initiatives designed to tackle the problem while improving financial transparency.

 

 

Industries:

tourism, banking and finance, dairy

 

Exports:

Food, textiles, light industrial and electrical goods.

Imports:

Machinery and transport equipment, manufactured goods, food, mineral fuels and chemicals. • Main trade partners: UK.
 

Exchange rates:

 

Useful links:

 

  Copyright By :  Kish Trade Promotion Center  2002