Appeal

Political parties and leaders:
Gibraltar Liberal Party [Joseph GARCIA]; Gibraltar Social Democrats
or GSD [Peter CARUANA]; Gibraltar Socialist Labor Party or GSLP
[Joseph John BOSSANO]

Political pressure groups and leaders:
Chamber of Commerce; Gibraltar Representatives Organization;
Women's Association

International organization participation:
Interpol (subbureau), UPU

Diplomatic representation in the US:
none (overseas territory of the UK)

Diplomatic representation from the US:
none (overseas territory of the UK)

Flag description:
two horizontal bands of white (top, double width) and red with a
three-towered red castle in the center of the white band; hanging
from the castle gate is a gold key centered in the red band

Economy Gibraltar

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.

GDP (purchasing power parity):
$769 million (2000 est.)

GDP - real growth rate:
NA%

GDP - per capita:
purchasing power parity - $27,900 (2000 est.)

GDP - composition by sector:
agriculture: NA%
industry: NA%
services: NA% (2002 est.)

Labor force:
14,800 (including non-Gibraltar laborers) (1999)

Labor force - by occupation:
agriculture negligible, industry 40%, services 60%

Unemployment rate:
2% (2001 est.)

Population below poverty line:
NA%

Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%

Inflation rate (consumer prices):
1.5% (1998)

Budget:
revenues: $307 million
expenditures: $284 million, including capital expenditures of NA
(FY00/01 est.)

Agriculture - products:
none

Industries:
tourism, banking and finance, ship repairing, tobacco

Industri