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%