Economy - overview:
Self-sufficient 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 7% to the local economy, compared with 60% in 1984. The financial sector, tourism (almost 5 million visitors in 1998), shipping services fees, and duties on consumer goods also generate revenue. The financial sector, the shipping sector, and tourism each contribute 25%-30% of GDP. Telecommunications accounts for another 10%. 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): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): GDP - composition by sector: Labor force: Labor force - by occupation: Unemployment rate: Population below poverty line: Household income or consumption by percentage share: Budget: Public debt: Inflation rate (consumer prices): Industries: Industrial production growth rate: Electricity - production: Electricity - consumption: Electricity - exports: Electricity - imports: Oil - production: Oil - consumption: Oil - exports: Oil - imports: Oil - proved reserves: Natural gas - production: Natural gas - consumption: Natural gas - exports: Natural gas - imports: Natural gas - proved reserves: Exports: Exports - commodities: Imports: Imports - commodities: Debt - external: Exchange rates:
NOTE: The information regarding Gibraltar on this page is re-published from the 2011 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Gibraltar Economy 2011 information contained here. All suggestions for corrections of any errors about Gibraltar Economy 2011 should be addressed to the CIA.
$1.106 billion (2006 est.)
country comparison to the world: 200
[see also: GDP (purchasing power parity) country ranks ]
$1.106 billion (2006 est.)
[see also: GDP (official exchange rate) country ranks ]
3.7% (2006)
country comparison to the world: 91
[see also: GDP - real growth rate country ranks ]
$38,400 (2006 est.)
country comparison to the world: 26
[see also: GDP - per capita country ranks ]
agriculture: NA%
[see also: GDP - composition by sector - agriculture country ranks ]
industry:
NA%
[see also: GDP - composition by sector - industry country ranks ]
services:
NA%
[see also: GDP - composition by sector - services country ranks ]
12,690 (including non-Gibraltar laborers) (2001)
country comparison to the world: 215
[see also: Labor force country ranks ]
agriculture: negligible
[see also: Labor force - by occupation - agriculture country ranks ]
industry:
40%
[see also: Labor force - by occupation - industry country ranks ]
services:
60% (2001)
[see also: Labor force - by occupation - services country ranks ]
3% (2005 est.)
country comparison to the world: 23
[see also: Unemployment rate country ranks ]
NA%
[see also: Population below poverty line country ranks ]
lowest 10%: NA%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%:
NA%
[see also: Household income or consumption by percentage share - highest 10% country ranks ]
revenues: $455.1 million
[see also: Budget - revenues country ranks ]
expenditures:
$423.6 million (2005 est.)
[see also: Budget - expenditures country ranks ]
15.5% of GDP (2006)
country comparison to the world: 119
[see also: Public debt country ranks ]
2.6% (2006)
country comparison to the world: 79
[see also: Inflation rate (consumer prices) country ranks ]
tourism, banking and finance, ship repairing, tobacco
NA%
[see also: Industrial production growth rate country ranks ]
146 million kWh (2007 est.)
country comparison to the world: 183
[see also: Electricity - production country ranks ]
146 million kWh (2007 est.)
country comparison to the world: 184
[see also: Electricity - consumption country ranks ]
0 kWh (2008 est.)
[see also: Electricity - exports country ranks ]
0 kWh (2008 est.)
[see also: Electricity - imports country ranks ]
0 bbl/day (2009 est.)
country comparison to the world: 193
[see also: Oil - production country ranks ]
21,000 bbl/day (2009 est.)
country comparison to the world: 123
[see also: Oil - consumption country ranks ]
0 bbl/day (2007 est.)
country comparison to the world: 154
[see also: Oil - exports country ranks ]
25,610 bbl/day (2007 est.)
country comparison to the world: 105
[see also: Oil - imports country ranks ]
0 bbl (1 January 2010 est.)
country comparison to the world: 177
[see also: Oil - proved reserves country ranks ]
0 cu m (2008 est.)
country comparison to the world: 108
[see also: Natural gas - production country ranks ]
0 cu m (2008 est.)
country comparison to the world: 181
[see also: Natural gas - consumption country ranks ]
0 cu m (2008 est.)
country comparison to the world: 75
[see also: Natural gas - exports country ranks ]
0 cu m (2008 est.)
country comparison to the world: 173
[see also: Natural gas - imports country ranks ]
0 cu m (1 January 2010 est.)
country comparison to the world: 176
[see also: Natural gas - proved reserves country ranks ]
$271 million (2004 est.)
country comparison to the world: 177
[see also: Exports country ranks ]
(principally reexports) petroleum 51%, manufactured goods
$2.967 billion (2004 est.)
country comparison to the world: 142
[see also: Imports country ranks ]
fuels, manufactured goods, and foodstuffs
$NA
[see also: Debt - external country ranks ]
Gibraltar pounds (GIP) per US dollar - 0.6494 (2009), 0.5302 (2008), 0.4993 (2007), 0.5418 (2006)
note:
the Gibraltar pound is at par with the British pound
This page was last modified 09-Feb-11