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rity coalition is usually appointed chief minister by the governor Legislative branch: unicameral House of Assembly (18 seats - 15 elected by popular vote, 1 appointed for the Speaker, and 2 ex officio members; members serve four-year terms) elections: last held 27 November 2003 (next to be held not later than February 2008) election results: percent of vote by party - GSD 58%, GSLP 41%; seats by party - GSD 8, GSLP 7 Judicial branch: Supreme Court; Court of Appeal Political parties and leaders: 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): $769 million (2000 est.) GDP (official exchange rate): NA GDP - real growth rate: NA% GDP - per capita (PPP): $27,900 (2000 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: negl
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