International organization participation: Interpol (subbureau)
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
@Gibraltar: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 (more than 5 million visitors in 1995), 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-$500 million (1997 est.)
GDP-real growth rate: NA%
GDP-per capita: purchasing power parity-$17,500 (1997 est.)
GDP-composition by sector: agriculture: NA% industry: NA% services: NA%