Gibraltar/

Self-sufficient Gibraltar benefits from an extensive shipping trade, offshore banking, and its position as an international conference center. Tax rates are low to attract foreign investment. 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), gaming revenues, shipping services fees, and duties on consumer goods also generate revenue. The financial sector, tourism, and the shipping sector contribute 30%, 30%, and 25%, respectively, of GDP. Telecommunications, e-commerce, and e-gaming account for the remaining 15%. 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.

$1.106 billion (2006 est.)

$1.066 billion (2005 est.)

$769 million (2000 est.)

$1.106 billion (2006 est.)

3.7% (2006)

7% (2005 est.)

$38,400 (2006 est.)

$38,200 (2005 est.)

$27,900 (2000 est.)

12,690 (including non-Gibraltar laborers) (2001)

3% (2005 est.)

NA%

15.5% of GDP (2006)

15.7% of GDP (2005 est.)

2.6% (2006)

2.9% (2005)

none

tourism, banking and finance, ship repairing, tobacco

NA%

146 million kWh (2007 est.)

146 million kWh (2007 est.)

0 kWh (2008 est.)

0 kWh (2008 est.)

0 bbl/day (2009 est.)

21,000 bbl/day (2009 est.)

0 bbl/day (2007 est.)

25,610 bbl/day (2007 est.)

0 bbl (1 January 2010 est.)

0 cu m (2008 est.)

0 cu m (2008 est.)

0 cu m (2008 est.)

0 cu m (2008 est.)

0 cu m (1 January 2010 est.)

$271 million (2004 est.)

(principally reexports) petroleum 51%, manufactured goods

$2.967 billion (2004 est.)

fuels, manufactured goods, and foodstuffs

$NA

Gibraltar pounds (GIP) per US dollar - 0.6494 (2009), 0.5302 (2008), 0.4993 (2007), 0.5418 (2006)