​The main economic indicator ​which measures the value or size of the whole Jersey economy is GVA (Gross Value Added).

It's calculated from a robust methodology based on the recognised international framework.

The 2014 report shows that:

Gross Value Added (GVA):

• on an annual basis Jersey’s economy, as measured by total GVA, grew by 5% in real terms in 2014
• total GVA in 2014 was £3.90 billion (current year values)
• 2014 represents the first year since 2007 that the Island’s economy has grown in real terms
• this latest annual increase in total GVA was driven by real-term growth recorded by the finance sector
• the majority of the non-finance sectors of the economy also recorded real-term growth in 2014
• in real terms, total GVA in 2014 was more than £500 million below the previous peak recorded in 2007

Gross Domestic Product (GDP):

• in real terms, GDP in 2014 grew by 4% on an annual basis
• GDP in 2014 was £3.88 billion (current year values)

GVA per head of population:

• GVA per head of population in Jersey in 2014 was £38,800 (current year values)
• 2014 saw the first real-term increase in GVA per head for seven years
• the average economic standard of living of residents in Jersey, as measured by GVA per head,has declined by a fifth (20%) in real terms since 2001