embly (18 seats, 15
elected; members are elected by popular vote to serve four-year terms)
elections: last held 16 May 1996 (next to be held NA 2000)
election results : percent of vote by party - SD 53%, SL 42%, NP 3%;
seats by party - SD 8, SL 7

Judicial branch: Supreme Court; Court of Appeal

Political parties and leaders: Gibraltar Socialist Labor Party or SL
[Joe BOSSANO]; Gibraltar Labor Party/Association for the Advancement
of Civil Rights or GCL/AACR [Adolfo CANEPA]; Gibraltar Social
Democrats or SD [Peter CARUANA]; Gibraltar National Party or NP [Joe
GARCIA]

Political pressure groups and leaders: Housewives Association; Chamber
of Commerce; Gibraltar Representatives Organization

International organization participation: Interpol (subbureau)

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

Diplomatic representation from the US: none (dependent 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

Economy - overview: 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 11% to the local economy. The
financial sector accounts for 15% of GDP; tourism, shipping services
fees, and duties on consumer goods also generate revenue. Because more
than 70% of the economy is in the public sector, changes in government
spending have a major impact on the level of employment.

GDP: purchasing power parity - $205 million (1993 est.)

GDP - real growth rate: NA%

GDP - per capita: purchasing power parity - $6,600 (1993 est.)

GDP - composition by sector:
agriculture: NA%
industry: NA%
services : NA%

Inflation rate - consumer price index: NA%

Labor force:
total: 14,800 (including non-Gibraltar laborers)
by occupation : services 60%, industry 40%, agriculture NEGL

Unemployment rate: NA%

Budget:
revenues: $111.6 million
expenditures: $115.6 million, including capital expenditures of $NA
(1995-96)

Industries: tourism, banking and finance, construction, commerce;
support to large UK naval and air bases; tobacco, mineral waters,
beer, canned fish

Industrial production growth rate: NA%

Electricity - capacity: 33,000 kW (1993)

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