United States. Central Intelligence Agency

“ 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. ”

“ Introduction Gibraltar Background: Strategically important, Gibraltar was ceded to Great Britain by Spain in the 1713 Treaty of Utrecht; the British garrison was formally declared a colony in 1830. In referendums held in 1967 and 2002, Gibraltarians ignored Spanish pressure and voted overwhelmingly to remain a British dependency. ”

“ GDP: purchasing power parity - $500 million (1997 est.) GDP - real growth rate: NA GDP - per capita: purchasing power parity - $17,500 (1997 est.) GDP - composition by sector: agriculture: NA
industry: NA
services: NA (2002 est.) Population below poverty line: NA Household income or consumption by percentage share: lowest 10%: NA
highest 10%: NA Inflation rate (consumer prices) : 1.5% (1998) Labor force: 14,800 (including non-Gibraltar laborers) (1999) Labor force - by occupation: agriculture negligible, industry 40%, services 60% Unemployment rate: 2% (2001 est.) ”