27884
English (used in schools and for official purposes), Spanish, Italian, Portuguese
GIBRALTAR (capital) 29,000 (2014)
- Conventional long form
- none
- Conventional short form
- Gibraltar
- Local long form
- Local short form
parliamentary democracy (Parliament); self-governing overseas territory of the UK
- Name
- Gibraltar
- Geographic coordinates
- 36 08 N, 5 21 W
- Time difference
- UTC+1 (6 hours ahead of Washington, DC, during Standard Time)
- Daylight saving time
- +1hr, begins last Sunday in March; ends last Sunday in October
Self-sufficient Gibraltar benefits from an extensive shipping trade, offshore banking, and its position as an international conference center. Tax rates are low to attract foreign investment. The British military presence has been sharply reduced and now contributes about 7% to the local economy, compared with 60% in 1984. 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.
- Inflation
- None%
- Total tax rate (% of commercial profits)
- None%
- Real Interest Rate
- None%
- Manufacturing, value added (% of GDP)
- None%
- Current Account Balance
- US$
- Labor Force, Total
- Employment in Agriculture
- %
- Employment in Industry
- %
- Employment in Services
- %
- Unemployment Rate
- %
- Imports of goods and services
- US$
- Exports of goods and services
- US$
- Total Merchandise Trade
- %
- FDI, net inflows
- US$
- Commercial Service Exports
- US$
none
tourism, banking and finance, ship repairing, tobacco
- Commodities
- (principally reexports) petroleum 51%, manufactured goods (2010 est.)
- Partners
- Commodities
- fuels, manufactured goods, foodstuffs
- Partners