Support our Sponsor

. . Flags of the World Maps of All Countries

  • |Main Index|
  • 1991 INDEX
  • Country Ranks
  • Home PageCountry Index

    Gibraltar Economy - 1991

      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.

      GNP: $182 million, per capita $4,600; real growth rate 5% (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 (1988); commodities--(principally reexports) petroleum 51%, manufactured goods 41%, other 8%; partners--UK, Morocco, Portugal, Netherlands, Spain, US, FRG

      Imports: $258 million (1988); commodities--fuels, manufactured goods, and foodstuffs; partners--UK, Spain, Japan, Netherlands

      External debt: $318 million (1987)

      Industrial production: growth rate NA%

      Electricity: 47,000 kW capacity; 200 million kWh produced, 6,670 kWh per capita (1990)

      Industries: tourism, banking and finance, construction, commerce; support to large UK naval and air bases; transit trade and supply depot in the port; light manufacturing of tobacco, roasted coffee, ice, mineral waters, candy, beer, and canned fish

      Agriculture: NA

      Economic aid: US commitments, including Ex-Im (FY70-88), $0.8 million; Western (non-US) countries, ODA and OOF bilateral commitments (1970-88), $187 million

      Currency: Gibraltar pound (plural--pounds); 1 Gibraltar pound (5G) = 100 pence

      Exchange rates: Gibraltar pounds (5G) per US$1--0.5171 (January 1991), 0.5603 (1990), 0.6099 (1989), 0.5614 (1988), 0.6102 (1987), 0.6817 (1986), 0.7714 (1985); note--the Gibraltar pound is at par with the British pound

      Fiscal year: 1 July-30 June

      NOTE: The information regarding Gibraltar on this page is re-published from the 1991 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Gibraltar Economy 1991 information contained here. All suggestions for corrections of any errors about Gibraltar Economy 1991 should be addressed to the CIA.

    Support Our Sponsor

    Support Our Sponsor

    Please ADD this page to your FAVORITES - - - - -

    Revised 08-Feb-03
    Copyright © 2003 Photius Coutsoukis (all rights reserved)