also
generate income. 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 re-exports) 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 production:
growth rate NA%
Electricity:
capacity:
47,000 kW
production:
200 million kWh
consumption per capita:
6,740 kWh (1992)
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:
none
Economic aid:
recipient:
US commitments, including Ex-Im (FY70-88), $800,000; Western (non-US)
countries and ODA bilateral commitments (1992-93), $2.5 million
Currency:
1 Gibraltar pound (#G) = 100 pence
Exchange rates:
Gibraltar pounds (#G) per US$1 - 0.6699 (January 1994), 0.6658 (1993),
0.5664 (1992), 0.5652 (1991), 0.5603 (1990), 0.6099 (1989); note - the
Gibraltar pound is at par with the British pound
Fiscal year:
1 July - 30 June

@Gibraltar, Communications

Railroads:
1.000-meter-gauge system in dockyard area only
Highways:
total:
50 km
paved:
50 km
Pipelines:
none
Ports:
Gibraltar
Merchant marine:
29 ships (1,000 GRT or over) totaling 496,898 GRT/857,140 DWT, bulk 5,
cargo 4, chemical tanker 2, container 1, oil tanker 16, refrigerated
cargo 1
note:
a flag of convenience registry
Airports:
total:
1
usable:
1
with permanent surface runways:
1
with runways over 3,659 m:
0
with runways 2,440-3,659 m:
0
with runways 1,220-2,439 m:
1
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