Economy - overview: 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.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): GDP - composition, by sector of origin: Industries: Industrial production growth rate: Labor force: Labor force - by occupation: Unemployment rate: Population below poverty line: Household income or consumption by percentage share: Budget: Taxes and other revenues: Budget surplus (+) or deficit (-): Public debt: Fiscal year: Inflation rate (consumer prices): Exports: Exports - commodities: Imports: Imports - commodities: Debt - external: Exchange rates:
NOTE: 1) The information regarding Gibraltar on this page is re-published from the 2014 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Gibraltar Economy 2014 information contained here. All suggestions for corrections of any errors about Gibraltar Economy 2014 should be addressed to the CIA.
$1.275 billion (2008 est.)
country comparison to the world: 201
[see also: GDP country ranks ]
$1.106 billion (2006 est.)
[see also: GDP (official exchange rate) country ranks ]
6% (2008)
country comparison to the world: 46
[see also: GDP - real growth rate country ranks ]
$43,000 (2006 est.)
country comparison to the world: 18
[see also: GDP - per capita country ranks ]
agriculture: 0%
[see also: GDP - composition, by sector of origin - agriculture country ranks ]
industry:
0%
services:
100% (2008 est.)
tourism, banking and finance, ship repairing, tobacco
NA%
[see also: Industrial production growth rate country ranks ]
12,690 (2001) (2001)
country comparison to the world: 215
[see also: Labor force country ranks ]
agriculture: negligible
[see also: Labor force - by occupation - agriculture country ranks ]
industry:
40%
services:
60% (2001)
3% (2005 est.)
country comparison to the world: 24
[see also: Unemployment rate country ranks ]
NA%
[see also: Population below poverty line country ranks ]
lowest 10%: NA%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%:
NA%
revenues: $475.8 million
[see also: Budget revenues country ranks ]
expenditures:
$452.3 million (2008 est.)
43% of GDP (2008 est.)
country comparison to the world: 31
[see also: Taxes and other revenues country ranks ]
2.1% of GDP (2008 est.)
country comparison to the world: 22
[see also: Budget surplus (+) or deficit (-) country ranks ]
7.5% of GDP (2008 est.)
country comparison to the world: 147
[see also: Public debt country ranks ]
1 July - 30 June
2.8% (2008)
country comparison to the world: 81
[see also: Inflation rate (consumer prices) country ranks ]
$271 million (2004 est.)
country comparison to the world: 181
[see also: Exports country ranks ]
(principally reexports) petroleum 51%, manufactured goods
$2.967 billion (2004 est.)
country comparison to the world: 146
[see also: Imports country ranks ]
fuels, manufactured goods, foodstuffs
$NA
[see also: Debt - external country ranks ]
Gibraltar pounds (GIP) per US dollar -
2) The rank that you see is the CIA reported rank, which may habe the following issues:
a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order
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This page was last modified 06-Nov-14