Both Islands have historic agricultural and fishing traditions. While they now play a smaller role in terms of GDP, these industries are still key to the Islands’ identities.
Dairy farming, built around the famous Jersey and Guernsey breeds, remains a proud agricultural tradition for producing high quality milk products. Jersey Royal potatoes, oysters, and other products are also important exports for the Islands.
Tourism also plays an important part of the economy in both Islands, with high quality hotels and restaurants, beautiful beaches and cliffs. The Islands’ unique histories and anglo-norman culture attract hundreds of thousands of holiday makers each year.
The largest employer and contributor to GDP in both Islands is financial services. The Islands are significant net providers of liquidity and investment funds to the EU economy.