Jersey’s economy is based on financial services (43% of GVA), tourism (hotels, restaurants and bars making 3% of GVA), e-commerce, and agriculture (2% of GVA). The island is recognized as one of the leading offshore financial centres. Employment can be broken down as follows: 24% in financial and legal services; 16% in wholesale and retail trades; 16% in the public sector; 10% in education, health and other private sector services; 10% in construction and quarrying; 9% in hotels, restaurants and bars. Jersey is ranked as a tax haven by many organizations, the Financial Secrecy Index ranks Jersey as the 9th safest tax haven in the world, ahead of Japan but behind Germany.