ers:

Gibraltar Liberal Party [Joseph GARCIA]; 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), UPU

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:

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):

$1.066 billion (2005 est.)

GDP (official exchange rate):

$1.066 billion (2005 est.)

GDP - real growth rate:

7% (2005 est.)

GDP - per capita (PPP):

$38,200 (2005 est.)

GDP - composition by sector:

agriculture: NA%
industry: NA%
services: NA%

Labor force:

12,690 (including non-Gibraltar laborers) (2001)

Labor force - by occupation:

agriculture: negligible
industry: 40%
services: 60% (2001)

Unemployment rate:

3% (2005 est.)

Population below poverty line:

NA%

Household income or consumption by percentage share:

lowest 10%: NA%
highest 10%: NA%

Budget:

revenues: $455.1 million
expenditures: $423.6 million (2005 est.)

Fiscal year:

1 July - 30 June

Public debt:

15.7% of GDP (2005 est.)

Inflation rate (consumer prices):

2.9% (2005)

Agriculture - products:

none

Industries: