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Get to Know About Jersey
Jersey is a British Crown dependency situated near the coastline of Normandy, France. It rests in the Bay of St Malo barely 22 km from the French coast and 137km south of the English coast. Jersey is considered the biggest of the Channel Islands 8 km long and 14.5 km wide constituting 12 parishes. The capital city is Saint Helier and the largest city.
According to the 2011 census, the population of Jersey was estimated to be 97,857, with 34 percent living in Saint Helier. The people of Jersey are commonly referred to as islanders. An estimated two-fifths of the population is of British (English, Scottish, Welsh, and Northern Irish) descent. The language spoken is predominately English.
The island of Jersey’s squarely depends on financial services for economic growth. The global financial crisis at the end of the 2000s had a great impact on the island’s economy. With the decline in productivity, increased levels of employment, and a drop in the interest rates have made doing business in Jersey to remain relatively low. Jersey has struggled to expand its GDP per person in recent years due to external factors and fiscal issues. However, continuous efforts to invest in the digital economy and increasing productivity through new Common Strategy Policy shall improve doing business in Jersey and building investor confidence. Again, diversification on other sectors such as the construction sector and utility sectors will greatly impact economic growth.