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Agriculture > products none |
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Budget > Expenditures
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$423,600,000.00 |
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[149th of 165]
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Budget > Revenues
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$455,100,000.00 |
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[146th of 166]
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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. |
Exchange rates Gibraltar pounds per US dollar - 0.5462 (2004), 0.6125 (2003), 0.6672 (2002), 0.6947 (2001), 0.6609 (2000) |
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Exports
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$271,000,000.00 |
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[24th of 189]
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Exports > Commodities (principally reexports) petroleum 51%, manufactured goods 41%, other 8% |
Exports > Partners UK 30.8%, Spain 22.7%, Germany 13.7%, Turkmenistan 10.4%, Switzerland 8.3%, Italy 6.7% |
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Exports to US
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$200,000.00 |
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[197th of 224]
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Fiscal year
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1 July - 30 June |
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GDP
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$500,000,000.00 |
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[169th of 203]
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GDP (official exchange rate)
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$1,066,000,000.00 |
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[165th of 192]
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GDP (purchasing power parity)
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$1,066,000,000.00 |
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[176th of 187]
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GDP > Real growth rate
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7% |
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[39th of 198]
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Imports
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$2,967,000,000.00 |
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[8th of 185]
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Imports > Commodities fuels, manufactured goods, and foodstuffs |
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Imports from US
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$10,000,000.00 |
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[141st of 224]
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Inflation rate (consumer prices)
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2.9% |
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[124th of 192]
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Public debt
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15.7 % of GDP |
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[102nd of 121]
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Trade balance with US
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$9,800,000.00 |
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[50th of 224]
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... View all Economy stats
SOURCES: CIA World Factbook, 28 July 2005; All CIA World Factbooks 18 December 2003 to 18 December 2008; US Census Bureau; World Development Indicators database and CIA World Factbook
ALTERNATIVE NAMES:
Gibraltar
Related links:
More facts and figures on Gibraltar
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