Editing Channel Islands (section)

== Economy ==
{{main|Economy of Jersey}}
{{See also|Guernsey pound|Jersey pound}}

Tourism is still important. However, Jersey and Guernsey have, since the 1960s, become major [[offshore financial centre]]s.<ref>{{cite web |url=http://www.zyen.com/GFCI/GFCI%208.pdf |title=The Global Financial Centres Index 8 |publisher=[[Z/Yen]] |year=2010 |access-date=15 September 2012 |archive-url=https://web.archive.org/web/20101011091643/http://www.zyen.com/GFCI/GFCI%208.pdf |archive-date=11 October 2010 |url-status=dead}}</ref> Historically Guernsey's horticultural and greenhouse activities have been more significant than in Jersey, and Guernsey has maintained [[light industry]] as a higher proportion of its economy than Jersey. In Jersey, potatoes are an important export crop, shipped mostly to the UK.<ref name="Agriculture exports">{{cite web |url=https://theodora.com/wfbcurrent/jersey/jersey_economy.html |title=Jersey Economy 2020, CIA World Factbook |author=<!--Not stated--> |date=27 January 2020 |publisher=theodora.com |access-date=30 June 2020 |archive-date=30 June 2020 |archive-url=https://web.archive.org/web/20200630151441/https://theodora.com/wfbcurrent/jersey/jersey_economy.html |url-status=live}}</ref>

Jersey is heavily reliant on financial services, with 39.4% of Gross Value Added (GVA) in 2018 contributed by the sector. Rental income comes second at 15.1% with other business activities at 11.2%. Tourism 4.5% with agriculture contributing just 1.2% and manufacturing even lower at 1.1%. GVA has fluctuated between £4.5 and £5 billion for 20 years.<ref name="Jsy2018">{{cite web |url=https://www.gov.je/SiteCollectionDocuments/Government%20and%20administration/R%20GVA%20and%20GDP%202018%2020191002%20SJ.pdf |title=Measuring Jersey's economy GVA and GDP – 2018 |publisher=States of Jersey |access-date=13 August 2020 |archive-date=21 August 2020 |archive-url=https://web.archive.org/web/20200821175751/https://www.gov.je/SiteCollectionDocuments/Government%20and%20administration/R%20GVA%20and%20GDP%202018%2020191002%20SJ.pdf |url-status=live}}</ref>

Jersey has had a steadily rising population, increasing from below 90,000 in 2000 to over 105,000 in 2018 which combined with a flat GVA has resulted in GVA per head of population falling from £57,000 to £44,000 per person.<ref name="Jsy2018"/> 

In 2018, Guernsey had a GDP of £3.2 billion<ref>{{cite web |url=https://www.gov.gg/gdp |title=Gross Value Added and Gross Domestic Product |date=4 November 2015 |publisher=Guernsey government |access-date=13 August 2020 |archive-date=13 November 2019 |archive-url=https://web.archive.org/web/20191113182349/https://www.gov.gg/gdp |url-status=live}}</ref><ref>{{cite web |url=https://gov.gg/CHttpHandler.ashx?id=120674&p=0 |title=Guernsey Annual GVA and GDP Bulletin 2018 (First Estimates) |date=15 August 2019 |access-date=13 August 2020 |archive-date=16 July 2020 |archive-url=https://web.archive.org/web/20200716041544/https://www.gov.gg/CHttpHandler.ashx?id=120674&p=0 |url-status=live}}</ref> and with a stable population of around 66,000 has had a steadily rising GDP, and a GVA per head of population which in 2018 surpassed £52,000.<ref name="Jsy2018"/>

Both bailiwicks issue their own banknotes and coins, which circulate freely in all the islands alongside UK coinage and Bank of England and Scottish banknotes.<ref>{{Cite web |url=http://www.bankofengland.co.uk/banknotes/Pages/about/other_notes.aspx |title=Other British Islands' Notes {{!}} Bank of England |website=www.bankofengland.co.uk |language=en-us |access-date=28 July 2017 |archive-date=21 July 2017 |archive-url=https://web.archive.org/web/20170721035725/http://www.bankofengland.co.uk/banknotes/Pages/about/other_notes.aspx |url-status=live}}</ref>