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: 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: Inflation rate (consumer prices): Industries: Industrial production growth rate: Electricity - production: Electricity - consumption: Electricity - exports: Electricity - imports: Oil - production: Oil - consumption: Oil - exports: Oil - imports: Natural gas - production: Natural gas - consumption: Natural gas - exports: Natural gas - imports: Natural gas - proved reserves: Exports: Exports - commodities: Imports: Imports - commodities: Debt - external: Exchange rates:
NOTE: 1) The information regarding Gibraltar on this page is re-published from the 2012 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Gibraltar Economy 2012 information contained here. All suggestions for corrections of any errors about Gibraltar Economy 2012 should be addressed to the CIA.
$1.275 billion (2008)
country comparison to the world: 196
[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: 47
[see also: GDP - real growth rate country ranks ]
$43,000 (2006 est.)
country comparison to the world: 15
[see also: GDP - per capita country ranks ]
agriculture: 0%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 0%
[see also: GDP - composition by sector - industry country ranks ]
services: 100% (2008 est.)
[see also: GDP - composition by sector - services country ranks ]
12,690 (including non-Gibraltar laborers) (2001)
country comparison to the world: 213
[see also: Labor force country ranks ]
agriculture: negligible
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 40%
[see also: Labor force - by occupation - industry country ranks ]
services: 60% (2001)
[see also: Labor force - by occupation - services country ranks ]
3% (2005 est.)
country comparison to the world: 25
[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%
[see also: Household income or consumption by percentage share - highest 10% country ranks ]
revenues: $475.8 million
[see also: Budget revenues country ranks ]
expenditures: $452.3 million (2008 est.)
[see also: Budget expenditures country ranks ]
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: 23
[see also: Budget surplus (+) or deficit (-) country ranks ]
7.5% of GDP (2008 est.)
country comparison to the world: 127
[see also: Public debt country ranks ]
2.8% (2008)
country comparison to the world: 41
[see also: Inflation rate (consumer prices) country ranks ]
tourism, banking and finance, ship repairing, tobacco
NA%
[see also: Industrial production growth rate country ranks ]
156 million kWh (2008 est.)
country comparison to the world: 186
[see also: Electricity - production country ranks ]
156 million kWh (2008 est.)
country comparison to the world: 188
[see also: Electricity - consumption country ranks ]
0 kWh (2009 est.)
[see also: Electricity - exports country ranks ]
0 kWh (2009 est.)
[see also: Electricity - imports country ranks ]
0 bbl/day (2010 est.)
country comparison to the world: 175
[see also: Oil - production country ranks ]
25,000 bbl/day (2010 est.)
country comparison to the world: 120
[see also: Oil - consumption country ranks ]
0 bbl/day (2009 est.)
country comparison to the world: 174
[see also: Oil - exports country ranks ]
26,400 bbl/day (2009 est.)
country comparison to the world: 106
[see also: Oil - imports country ranks ]
0 cu m (2009 est.)
country comparison to the world: 188
[see also: Natural gas - production country ranks ]
0 cu m (2009 est.)
country comparison to the world: 182
[see also: Natural gas - consumption country ranks ]
0 cu m (2009 est.)
country comparison to the world: 105
[see also: Natural gas - exports country ranks ]
0 cu m (2009 est.)
country comparison to the world: 197
[see also: Natural gas - imports country ranks ]
0 cu m (1 January 2011 est.)
country comparison to the world: 141
[see also: Natural gas - proved reserves country ranks ]
$271 million (2004 est.)
country comparison to the world: 180
[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, and 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 07-Mar-12