Supreme Court; Court of Appeal
Political parties and leaders:
Gibraltar Liberal Party [Joseph GARCIA]; Gibraltar Social Democrats
or GSD [Peter CARUANA]; Gibraltar Socialist Labor Party or GSLP
[Joseph John BOSSANO]
Political pressure groups and leaders:
Chamber of Commerce; Gibraltar Representatives Organization;
Women's Association
International organization participation:
Interpol (subbureau), UPU
Diplomatic representation in the US:
none (overseas territory of the UK)
Diplomatic representation from the US:
none (overseas territory of the UK)
Flag description:
two horizontal bands of white (top, double width) and red with a
three-towered red castle in the center of the white band; hanging
from the castle gate is a gold key centered in the red band
Economy Gibraltar
Economy - overview:
Self-sufficient Gibraltar benefits from an extensive shipping
trade, offshore banking, and its position as an international
conference center. The British military presence has been sharply
reduced and now contributes about 7% to the local economy, compared
with 60% in 1984. The financial sector, tourism (almost 5 million
visitors in 1998), shipping services fees, and duties on consumer
goods also generate revenue. The financial sector, the shipping
sector, and tourism each contribute 25%-30% of GDP.
Telecommunications accounts for another 10%. In recent years,
Gibraltar has seen major structural change from a public to a
private sector economy, but changes in government spending still
have a major impact on the level of employment.
GDP (purchasing power parity):
$769 million (2000 est.)
GDP - real growth rate:
NA%
GDP - per capita:
purchasing power parity - $27,900 (2000 est.)
GDP - composition by sector: agriculture: NA% industry: NA% services: NA% (2002 est.)
Labor force:
14,800 (including non-Gibraltar laborers) (1999)
Labor force - by occupation:
agriculture negligible, industry 40%, services 60%
Unemployment rate:
2% (2001 est.)
Population below poverty line:
NA%
Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%
Inflation rate (consumer prices):
1.5% (1998)
Budget:
revenues: $307 million
expenditures: $284 million, including capital expenditures of NA
(FY00/01 est.)
Agriculture - products:
none
Industries:
tourism, banking and finance, ship repairing, tobacco
Industrial production growth rate:
NA%
Electricity - production:
104 million kWh (2002)
Electricity - production by source: fossil fuel: 100% hydro: 0% nuclear: 0% other: 0% (2001)
Electricity - consumption:
96.76 million kWh (2002)
Electricity - exports:
0 kWh (2002)
Electricity - imports:
0 kWh (2002)
Oil - production:
0 bbl/day (2001 est.)
Oil - consumption:
42,000 bbl/day (2001 est.)
Oil - exports:
NA
Oil - imports:
NA
Exports:
$136 million f.o.b. (2002)
Exports - commodities:
(principally reexports) petroleum 51%, manufactured goods 41%,
other 8%
Exports - partners:
France 19.4%, Spain 14.1%, Turkmenistan 12.1%, Switzerland 11.7%,
Germany 10.1%, UK 9.1%, Greece 6.8% (2004)
Imports:
$1.743 billion c.i.f. (2002)
Imports - commodities:
fuels, manufactured goods, and foodstuffs
Imports - partners:
Spain 19.9%, Russia 18.4%, UK 10.8%, Italy 8.8%, Germany 7.5%, US
5.1%, Sweden 4.7%, France 4.2% (2004)
Debt - external:
$NA (2000 est.)
Economic aid - recipient:
$NA
