Jersey Company & Beneficial Ownership Directory

Analysis

What this data actually tells you about Jersey

Jersey’s economy is small but very high-value: total GDP was £6,859 million in 2024, having fallen 0.7% in real terms, with GDP per head of population at £65,800 (down 1.3% on 2023), driven by a decline in net interest income in the financial and insurance sector (Statistics Jersey, “Jersey’s Economy 2024: GDP and GVA,” published October 3, 2025). Excluding finance, the rest of the economy actually grew 3.1% in real terms in 2024. Jersey is widely described as having one of the highest GDP-per-capita levels in the world, though a specific, dated international league-table ranking could not be verified and should be treated as a data gap; the underlying £65,800 GDP-per-head figure for 2024 is itself genuinely very high by international standards. Jersey’s currency is the Jersey pound (JEP), pegged 1:1 to sterling and circulating alongside British sterling. Annual inflation (RPI, all items) was 2.8% in the 12 months to December 2025, running about 0.8 percentage points below the comparable UK CPIH rate of 3.6%. The economy’s structural anchor is international finance: financial and insurance activities alone accounted for 38.5% of GVA in 2024 (£2,638 million), rising to roughly 45% of the economy and about 50% of private-sector output once legal and accountancy activities that principally service the finance industry are included. A smaller but actively promoted digital/fintech sector sits alongside finance, championed by government-backed Digital Jersey and the “Jersey for Fintech” initiative.

Jersey is a British Crown Dependency — not part of the United Kingdom and not part of the European Union — with defence and international relations formally the UK government’s responsibility, while the island governs its own internal affairs, tax and legal system. Jersey’s post-Brexit trade relationship with the EU is conducted through the UK–EU Trade and Cooperation Agreement, in which Jersey participates specifically on goods trade and fisheries access; the pre-Brexit Protocol 3 arrangement lapsed when the UK left the EU, and the separate “Windsor Framework” addresses Northern Ireland only and does not apply to Jersey. On the finance side, Jersey Finance reports that regulated funds under administration reached £465.9 billion as of Q2 2025 (608 authorised funds), up from £440.9 billion at end-2024, with alternative asset classes making up 87% of total funds business. Banking deposits held in Jersey rose from £150.6 billion to £158.9 billion during Q4 2024 alone, across 19 registered banks. A significant 2025 regulatory development was the Jersey Financial Services Commission’s amendment of the Jersey Private Fund Guide, effective August 6, 2025, which lifted the long-standing 50-investor cap on Jersey Private Funds, opening them to unlimited professional investors including UK FCA professional clients and US SEC accredited investors.

Jersey’s resident population was estimated at 104,540 at end-2024, up 510 on the revised 2023 figure, with the increase entirely due to net migration outweighing a natural population decrease (more deaths than births, the third consecutive year this has occurred). Total jobs in Jersey reached a record 64,790 in December 2024 (54,910 private sector, 9,880 public sector), with the financial and legal activities sector remaining the single largest employer at roughly 21% of the workforce. Housing and cost-of-living pressure is severe and persistent: the average property price reached £1,246,000 across 2025, and access to the local housing market is separately regulated under the Control of Housing and Work (Jersey) Law 2012. Politically, 2024 was turbulent: Chief Minister Kristina Moore, Jersey’s first female Chief Minister, was ousted in a historic vote of no confidence on January 16, 2024 (lost 27–22), following controversy over the new hospital project, teachers’ strikes, the cost-of-living crisis and the housing crisis. The island’s new-hospital project at Overdale received States Assembly approval of a c.£710m Phase 1 budget in February 2025, targeting 2028 completion. A general election was held June 7, 2026, after which Lyndon Farnham was confirmed as Chief Minister on June 19, 2026, with Independents holding 42 of 49 States Assembly seats. Counterparties verify a specific counterparty’s current exposure to Jersey’s finance-sector concentration directly.