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| Government Type |
NA |
| Legal System |
English law |
| Currency |
Gibraltar pound (GIP) |
| Economic Overview |
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. |
| Natural Resources |
NEGL |
| Primary Industries |
tourism, banking and finance, ship repairing, tobacco |
| Agricultural Products |
none |
| Import Commodities |
fuels, manufactured goods, and foodstuffs |
| Export Commodities |
(principally reexports) petroleum 51%, manufactured goods 41%, other 8% |
| Export Partners |
UK, Morocco, Portugal, Netherlands, Spain, US, Germany |
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