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nwealth Day (second Monday of March) Constitution: 30 May 1969 Legal system: English law Suffrage: 18 years of age; universal, plus other UK subjects resident six months or more Executive branch: chief of state: Queen ELIZABETH II (of the United Kingdom since 6 February 1952), a hereditary monarch, is represented by Governor and Commander in Chief Field Marshal Sir John CHAPPLE (since NA March 1993) head of government: Chief Minister Joe BOSSANO (since 25 March 1988) was appointed by the governor Gibraltar Council: advises the governor cabinet: Council of Ministers was appointed from the elected members of the House of Assembly by the governor in consultation with the chief minister Legislative branch: unicameral House of Assembly: elections last held 16 January 1992 (next to be held NA January 1996); results - SL 73.3%, SD 20.2%, NP 4.7%, independents 1.8%; seats - (18 total, 15 elected) SL 8, SD 7 Judicial branch: Supreme Court; Court of Appeal Political parties and leaders: Gibraltar Socialist Labor Party (SL), Joe BOSSANO; Gibraltar Labor Party/Association for the Advancement of Civil Rights (GCL/AACR), leader Adolfo CANEPA; Gibraltar Social Democrats (SD), Peter CARUANA; Gibraltar National Party (NP), Joe GARCIA Other political or pressure groups: Housewives Association; Chamber of Commerce; Gibraltar Representatives Organization International organization participation: Interpol (subbureau) Diplomatic representation in US: none (dependent territory of the UK) US diplomatic representation: none (dependent territory of the UK) Flag: 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 ------- Economic overview: Gibraltar benefits from an extensive shipping trade and offshore banking. The British military presence has been sharply reduced and now contributes about 11% to the local economy. The financial sector accounts for 15% of GDP; tourism, shipping services fees, and duties on consumer goods also generate revenue. 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. GDP: purchasing power parity - $205 million (1993 est.) GDP real growth rate: NA% GDP per capita: $6,600 (1993 es
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