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 (official exchange rate):
NA
GDP - real growth rate:
NA%
GDP - per capita (PPP):
$27,900 (2000 est.)
GDP - composition by sector: agriculture: NA% industry: NA% services: NA%
Labor force: 12,690 (including non-Gibraltar laborers) (2001)
Labor force - by occupation: agriculture: negligible industry: 40% services: 60%