Definition
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What is this about?
The main economic indicator which measures the value or size of the whole Jersey economy is Gross Value Added (GVA). Dividing GVA by Jersey's total population is a way of measuring the economic standard of living in the Island. If GVA is increasing at a faster rate than the population, the standard of living is likely to rise. The results from previous years have been adjusted to account for inflation and allow comparisons over time.
Please note that from 2011 the mid year population estimates (from the Population & Migration Statistics Report 2011-2021) have been used to calculate this measure.