Diplomatic representation in the US: none (dependent territory of the
UK)
Diplomatic representation from the US: none (dependent 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
Economy - overview: 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 11% to the local economy. The financial sector accounts for 15% of GDP; tourism, shipping services fees, and duties on consumer goods also generate revenue. Because more than 70% of the economy is in the public sector, changes in government spending have a major impact on the level of employment.
GDP: purchasing power parity - $205 million (1993 est.)
GDP - real growth rate: NA%
GDP - per capita: purchasing power parity - $6,600 (1993 est.)
GDP - composition by sector: agriculture: NA% industry: NA% services : NA%
Inflation rate - consumer price index: NA%