r 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

@Gibraltar: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 (more than 5 million visitors in
1995), 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-$500 million (1997 est.)

GDP-real growth rate: NA%

GDP-per capita: purchasing power parity-$17,500 (1997 est.)

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

Inflation rate-consumer price index: 2.1% (1996)

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

Unemployment rate: 13.5% (1996)

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

Industries: tourism, banking and finance, ship-building and repairing;
support to large UK naval and air bases; tobacco, mineral waters,
beer, canned fish

Industrial production growth rate: NA%

Electricity-capacity: 30,000 kW (1995)

Electricity-production: 85 million kWh (1995)

Electricity-consumption per capita: 2,667 kWh (1995)

Agriculture-products: none

Exports:
total value: $83.7 million (f.o.b., 1995)
commodities: (principally reexports) petroleum 51%, manufactured goods
41%, other 8%
partners: UK, Morocco, Portugal, Netherlands, Spain, US, FRG

Imports:
total value: $778 million (c.i.f., 1995)
commodities: fuels, manufactured goods, and foodstuffs
partners: UK, Spain, Japan, N