unbekannter Gast

Gibraltar: Economy#

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. 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.

The financial sector, tourism (over 11 million visitors in 2012), 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%.

Economic Facts#

GDP (purchasing power parity)$1.85 billion (2013 est.)
$2 billion (2012 est.)
$1.106 billion (2006 est.)
GDP (official exchange rate)$1.85 billion (2013 est.)
GDP - real growth rate6% (2008 est.)
8.8% (2007 est.)
0% (2006 est.)
GDP - per capita (PPP)$43,000 (2008 est.)
$41,200 (2007 est.)
$38,400 (2006 est.)
GDP - composition, by sector of originagriculture: 0%
industry: 0%
services: 100% (2008 est.)
Agriculture - productsnone
Industriestourism, banking and finance, ship repairing, tobacco
Industrial production growth rateNA%
Labor force22,910 (2013 est.)
Labor force - by occupationagriculture: NEGL
industry: 40%
services: 60% (2001)
Unemployment rate3% (2005 est.)
Population below poverty lineNA%
Household income or consumption by percentage sharelowest 10%: NA%
highest 10%: NA%
Budgetrevenues: $475.8 million
expenditures: $452.3 million (2008 est.)
Taxes and other revenues25.7% of GDP (2008 est.)
Budget surplus (+) or deficit (-)1.3% of GDP (2008 est.)
Public debt7.5% of GDP (2008 est.)
9.3% of GDP (2006 est.)
Fiscal year1 July - 30 June
Inflation rate (consumer prices)2.5% (2013 est.)
2.2% (2012 est.)
Exports$271 million (2004 est.)
Exports - commodities(principally reexports) petroleum 51%, manufactured goods (2010 est.)
Imports$2.967 billion (2004 est.)
Imports - commoditiesfuels, manufactured goods, foodstuffs
Debt - external$NA
Exchange ratesGibraltar pounds (GIP) per US dollar -
0.9214 (2016 est.)
0.885 (2015 est.)
0.885 (2014 est.)
0.7634 (2013 est.)
0.64 (2012)