ARUANA; Gibraltar National Party, Joe GARCIA
Other political or pressure groups:
Housewives Association; Chamber of Commerce; Gibraltar Representatives
Organization
Suffrage:
18 years of age; universal, plus other UK subjects resident six months or
more
Elections:
House of Assembly:
last held on 16 January 1992 (next to be held January 1996); results - SL
73.3%; seats - (18 total, 15 elected) number of seats by party NA
Executive branch:
British monarch, governor, chief minister, Gibraltar Council, Council of
Ministers (cabinet)
Legislative branch:
unicameral House of Assembly
Judicial branch:
Supreme Court, Court of Appeal
Leaders:
Chief of State:
Queen ELIZABETH II (since 6 February 1952), represented by Governor and
Commander in Chief Adm. Sir Derek REFFELL (since NA 1989)
Head of Government:
Chief Minister Joe BOSSANO (since 25 March 1988)
Member of:
INTERPOL (subbureau)
Diplomatic representation in US:
none (dependent territory of the UK)
US diplomatic representation:
none (dependent territory of the UK)
Flag:
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

Overview:
The economy depends heavily on British defense expenditures, revenue from
tourists, fees for services to shipping, and revenues from banking and
finance activities. 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. Construction workers are particularly affected when government
expenditures are cut.
National product:
GNP - exchange rate conversion - $182 million (FY87)
National product real growth rate:
5% (FY87)
National product per capita:
$4,600 (FY87)
Inflation rate (consumer prices):
3.6% (1988)
Unemployment rate:
NA%
Budget:
revenues $136 million; expenditures $139 million, including capital
expenditures of $NA (FY88)
Exports:
$82 million (f.o.b., 1988)
commodities:
(principally reexports) petroleum 51%, manufactured goods 41%, other 8%
partners:
UK, Morocco, Portugal, Netherlands, Spain, US, FRG
Imports:
$258 million (c.i.f., 1988)
commodities:
fuels, manufactured goods, and foodstuffs
partners:
UK, Spain, Japan, Netherlands
External debt:
$318 million (1987)
Industrial producti