|
|
|
       
| |
|
|
Gibraltar:
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other pages in this profile of Gibraltar:
Geography, People, Government, Communications & Transportation, Military & Transnational Issues.
Geography, People, Government, Communications & Transportation, Military & Transnational Issues.
| |
Economy - overview |
Definition 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) |
Definition - World rank and map $1.066 billion (2005 est.) |
GDP (official exchange rate) |
Definition $1.066 billion (2005 est.) |
GDP - real growth rate |
Definition - World rank and map 7% (2005 est.) |
GDP - per capita |
Definition - World rank and map $38,200 (2005 est.) |
GDP - composition by sector |
Definition agriculture: NA% industry: NA% services: NA% |
Labor force |
Definition 12,690 (including non-Gibraltar laborers) (2001) |
Labor force - by occupation |
Definition agriculture: negligible industry: 40% services: 60% (2001) |
Unemployment rate |
Definition - World rank and map 3% (2005 est.) |
Population below poverty line |
Definition NA% |
Household income or consumption by percentage share |
Definition lowest 10%: NA% highest 10%: NA% |
Inflation rate (consumer prices) |
Definition - World rank and map 2.9% (2005) |
Budget |
Definition revenues: $455.1 million expenditures: $423.6 million (2005 est.) |
Public debt |
Definition - World rank and map 15.7% of GDP (2005 est.) |
Agriculture - products |
Definition none |
Industries |
Definition tourism, banking and finance, ship repairing, tobacco |
Industrial production growth rate |
Definition - World rank and map NA% |
Electricity - production |
Definition - World rank and map 141 million kWh (2005) |
Electricity - consumption |
Definition - World rank and map 141 million kWh (2005) |
Electricity - consumption per capita |
Definition - World rank and map 5,035.4 kWh (2005) |
Electricity - exports |
Definition 0 kWh (2005) |
Electricity - imports |
Definition 0 kWh (2005) |
Oil - production |
Definition - World rank and map 0 bbl/day (2005 est.) |
Oil - consumption |
Definition - World rank and map 25,000 bbl/day (2005 est.) |
Oil - consumption per 1,000 people |
Definition - World rank and map 892.8 bbl/day (2005 est.) |
Oil - exports |
Definition - World rank and map 0 bbl/day (2004) |
Oil - imports |
Definition - World rank and map 24,350 bbl/day (2004) |
Oil - proved reserves |
Definition - World rank and map 0 bbl (1 January 2006 est.) |
Natural gas - production |
Definition - World rank and map 0 cu m (2005 est.) |
Natural gas - consumption |
Definition - World rank and map 0 cu m (2005 est.) |
Natural gas - consumption per capita |
Definition - World rank and map 0 cu m (2005 est.) |
Natural gas - exports |
Definition - World rank and map 0 cu m (2005 est.) |
Natural gas - imports |
Definition - World rank and map 0 cu m (2005) |
Natural gas - proved reserves |
Definition - World rank and map 0 cu m (1 January 2006 est.) |
Exports |
Definition - World rank and map $271 million f.o.b. (2004 est.) |
Exports - commodities |
Definition (principally reexports) petroleum 51%, manufactured goods 41%, other 8% |
Exports - partners |
Definition UK 30.8%, Spain 22.7%, Germany 13.7%, Turkmenistan 10.4%, Switzerland 8.3%, Italy 6.7% (2006) |
Imports |
Definition - World rank and map $2.967 billion c.i.f. (2004 est.) |
Imports - commodities |
Definition fuels, manufactured goods, and foodstuffs |
Imports - partners |
Definition Spain 23.4%, Russia 12.3%, Italy 12%, UK 9%, France 8.9%, Netherlands 6.8%, US 4.7% (2006) |
Debt - external |
Definition - World rank and map $NA |
Economic aid - recipient |
Definition $NA |
Currency (code) |
Definition Gibraltar pound (GIP) |
Exchange rates |
Definition Gibraltar pounds per US dollar - 0.4993 (2007), 0.5434 (2006), 0.5504 (2005), 0.5462 (2004), 0.6125 (2003) note: the Gibraltar pound is at par with the British pound |
Fiscal year |
Definition 1 July - 30 June |
|
Copyright 2008 World Sites Atlas (sitesatlas.com) |