anch: unicameral House of Assembly (18 seats - 15
elected by popular vote, one appointed for the Speaker, and two ex
officio members; members serve four-year terms) elections: last held
10 February 2000 (next to be held NA 2004) election results: percent of
vote by party - GSD 58%, GSLP 41%; seats by party - GSD 8, GSLP 7

Judicial branch: Supreme Court; Court of Appeal

Political parties and leaders: 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)

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: 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 20% of GDP; tourism (almost 6 million visitors in 1998),
shipping services fees, and duties on consumer goods also generate
revenue. 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 - $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%

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)

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

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

Unemployment rate: 13.5% (1996)

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

Industries: tourism, banking and finance, shi