​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.

Gross Value Added (GVA)

In 2015:

• Jersey's economy, as measured by total GVA, grew by 2% in real terms on an annual basis
• total GVA  was £4.11 billion (current year values)
• it was the second consecutive year that the Island's economy has grown in real terms
• the majority of the non-finance sectors of the economy recorded real-term growth in GVA whilst the Finance sector saw GVA decline by 1% on an annual basis
• compensation of employees ("earnings") was the key driver in the real-term growth of total GVA, notably in financial services, the private sector service industries and construction
• rental income of private households (both actual and imputed) was also a key element in the real-term growth of total GVA
• in contrast, gross operating surplus ("profits") declined on an annual basis, driven by the decrease recorded by financial services

Gross Domestic Product (GDP)

• GDP in 2015 grew by 2% in real terms on an annual basis
• GDP in 2015 was £4.07 billion (current year values)

Productivity

• GVA per full-time equivalent worker, declined marginally in 2015 (down by 0.2%)
• the non-finance sectors saw productivity increase by 3% in 2015, whilst the Finance sector saw productivity decrease by 4%
• over all sectors of the economy, productivity has fallen by a fifth (20%) in real terms since 2007, driven by a decline in productivity of the Island's finance sector of more than a quarter (29%)

GVA per head of population

• GVA per head of population in 2015 was £40,000 (current year values)
• GVA per head of population in 2015 was marginally higher than a year earlier (up by 0.5%)
• the average economic standard of living of residents in Jersey, as measured by GVA per head of population, has declined by more than a sixth (18%) in real terms since 2007