30 September 2015
The latest report presenting estimates of the size and performance of Jersey's economy in 2014 has been published by the Statistics Unit.
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
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
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)
Download GVA and GDP 2014 report (size 608kb)
gov.je