What is the growth in GDP over the most recent period of 10 years for which accurate figures are available
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WRITTEN QUESTION TO THE CHIEF MINISTER BY THE DEPUTY OF ST. MARY
ANSWER TO BE TABLED ON TUESDAY 11th MAY 2010
Question
"Would the Chief Minister advise the Assembly of the growth in GDP (or other equivalent measure of the Island's overall wealth) over the most recent period of 10 years for which accurate figures are available?"
Answer
Figures are publicly available in the GVA and GNI 2008 report and the Jersey Economic Trends publication, both produced annually by the Statistics Unit and available on the Statistics Unit website.
GVA (Gross Value Added) provides an appropriate measure of economic activity in Jersey. In nominal terms, GVA increased by 67% between 1998 and 2008. In real terms (after adjusting for inflation), GVA increased by 18% over the same period.