of government: Chief Minister Joe BOSSANO (since 25 March 1988)
Gibraltar Council: advises the governor
cabinet: Council of Ministers; appointed from the elected members of
the Assembly by the governor in consultation with the chief minister

Legislative branch: unicameral
House of Assembly: elections last held on 16 January 1992 (next to be
held January 1996); results - SL 73.3%; seats - (18 total, 15 elected)
number of seats by party NA

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 NA; Gibraltar Social Democrats, Peter
CARUANA; Gibraltar National Party, Joe GARCIA

Other political or pressure groups: Housewives Association; Chamber of
Commerce; Gibraltar Representatives Organization

Member of: 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

@Gibraltar:Economy

Overview: Gibraltar benefits from an extensive shipping trade and
offshore banking. The British military presence has been severely
reduced and now only 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.

National product: GDP - purchasing power parity - $205 million (1993
est.)

National product real growth rate: NA%

National product per capita: $6,600 (1993 est.)

Inflation rate (consumer prices): 3.6% (1988)

Unemployment rate: NA%

Budget:
revenues: $116 million
expenditures: $124 million, including capital expenditures of $NA
(1992-93)

Exports: $57 million (f.o.b., 1992)
commodities: (principally re-exports) petroleum 51%, manufactured
goods 41%, other 8%
partners: UK, Morocco, Portugal, Netherlands, Spain, US, FRG

Imports: $420 million (c.i.f., 1992)
commodities: fuels, manufactured goods, and foodstuffs
partners: UK, Spain, Japan, Netherlands