Three Gorges Dam
EnergyThe world's largest hydropower station by installed capacity, at 22.5 GW, and the main flood-control structure on the Yangtze.
Strategically important, Gibraltar was reluctantly ceded to Great Britain by Spain in the 1713 Treaty of Utrecht; the British garrison was formally declared a colony in 1830. In a referendum held in 1967, Gibraltarians voted overwhelmingly to remain a British dependency. The subsequent granting of autonomy in 1969 by the UK led to Spain closing the border and severing all communication links. Between 1997 and 2002, the UK and Spain held a series of talks on establishing temporary joint sovereignty over Gibraltar. In response to these talks, the Gibraltar Government called a referendum in late 2002 in which the majority of citizens voted overwhelmingly against any sharing of sovereignty with Spain. …
The National Infrastructure Index maps the physical assets national life runs on — power stations and grids, water systems, ports, railways and airports, data networks, payment systems and launch sites. Each asset is placed in a Strategic Infrastructure capability group, so it can be read against the ratings in the National Capability index above.
Assets are chosen for how much of the economy and state depends on them and how hard they would be to replace. Each card records what the asset is, the category it belongs to, what it does and where it is.
Example assets. These twenty cards are modelled on China's most critical infrastructure and show on every nation page until each nation's own assets are mapped.
The world's largest hydropower station by installed capacity, at 22.5 GW, and the main flood-control structure on the Yangtze.
A 16 GW dam on the Jinsha River, built around sixteen 1 GW turbines, the largest single units in service.
A ±1,100 kV direct-current line carrying 12 GW more than 3,000 km from Xinjiang's power bases to the eastern grid.
China's first large commercial nuclear plant, in service since 1994, with much of its output sold to Hong Kong.
A canal carrying Yangtze basin water more than 1,400 km north from the Danjiangkou Reservoir to Beijing and Tianjin.
The 1,318 km trunk line between the two largest cities, opened in 2011 and one of the busiest high-speed routes in the world.
The world's busiest container port since 2010, including the automated Yangshan deep-water terminals.
The world's largest port by cargo tonnage, handling iron ore, crude oil and coal for the eastern industrial belt.
The capital's second international hub, opened in 2019 around one of the largest single terminal buildings in the world.
A 55 km bridge and undersea tunnel system linking the western and eastern shores of the Pearl River Delta, opened in 2018.
The 1,956 km line from Xining to Lhasa, crossing the Tanggula Pass at 5,072 m, the highest railway in the world.
One of eight national data centre hubs under the East Data, West Computing programme, hosting major cloud providers.
A 2,000 km quantum key distribution trunk line through Jinan and Hefei, completed in 2017 for secure government and bank links.
CIPS clears and settles cross-border payments in renminbi, launched in 2015 to extend the currency's international reach.
The coastal launch site for Long March 5 heavy-lift rockets, used for the Tiangong station modules and lunar and Mars missions.
China's first launch site, founded in 1958 in the Gobi Desert, and the base for every crewed Shenzhou mission.
The national satellite navigation system, providing global positioning and timing since 2020 from its Beijing control segment.
The world's largest known rare-earth deposit and the core of China's rare-earth mining and refining supply chain.
A weir and channel system built around 256 BC that still irrigates much of the Chengdu Plain's farmland.
China's leading maker of 3D NAND flash memory, central to the drive for a domestic semiconductor supply.
The National Development Index tracks the events that move a nation's capability — policy decisions, technological milestones, economic turns and external shocks — and places each one on the record with the date it happened and what followed from it. It is the narrative counterpart to the indices: where a rating says where Gibraltar stands, the index says how it arrived there.
Recent developments cover the current cycle, close enough that their consequences are still unfolding. Historical developments are the inflection points behind the present position — the decisions and events a reader needs in order to read the ratings above in context.
Evidence of Neanderthal habitation from around 50,000 years ago has been found at Gorham's Cave. The caves continued to be used by Homo sapiens after the Neanderthals' final extinction, with stone tools, hearths and animal bones dated from about 40,000 to 5,000 years ago. This makes Gibraltar one of the key sites for the study of late Neanderthal survival.
The Phoenicians were present for several centuries from around 950 BC, apparently using Gorham's Cave as a shrine to the genius loci, as did the Carthaginians and Romans after them. They founded the town of Carteia near modern San Roque on the site of an earlier Turdetani settlement. Gibraltar itself, known as Mons Calpe, held religious and symbolic rather than settled importance.
The area of Gibraltar formed part of the Visigothic Kingdom of Hispania from 418 until 720 AD. This period of Christian Germanic rule ended with the Islamic conquest of the Iberian peninsula.
Following a raid in 710, a predominantly Berber army under Tariq ibn Ziyad crossed from North Africa in April 711 and landed in the vicinity of Gibraltar. The expedition led to the Islamic conquest of most of the Iberian peninsula. Mons Calpe was renamed Jabal Tariq, later corrupted into Gibraltar, giving the territory its enduring name.
In 1160 the Almohad Sultan Abd al-Mu'min ordered that a permanent settlement including a castle be built, named Medinat al-Fath, the City of Victory. This marked the foundation of Gibraltar as a permanent inhabited place rather than a symbolic landmark. The Tower of Homage of the Moorish Castle still stands.
From 1274 onwards the town was contested by the Nasrids of Granada, the Marinids of Fez and the kings of Castile, changing hands several times. After the Nasrid destruction and abandonment of Algeciras around 1375 and Nasrid acquisition of Gibraltar from the Marinids in that year, the Nasrids favoured Gibraltar as their military and urban outpost in the Strait. Its poorer harbour was offset by superior defensive capability, cementing its strategic role.
In 1462 Gibraltar was taken from the Emirate of Granada by the Duke of Medina Sidonia, returning it to Christian rule. Henry IV of Castile then assumed the additional title of King of Gibraltar and made it part of the comarca of the Campo Llano de Gibraltar. This began four and a half centuries of Spanish and later British Christian governance.
Six years after the conquest Gibraltar was restored to the Duke of Medina Sidonia, who in 1474 sold it to a group of 4,350 conversos from Cordova and Seville in return for maintaining the garrison for two years. After that period they were expelled, returning to their home towns or moving elsewhere in Spain. The episode illustrates Gibraltar's early role as a place of settlement bargaining and displacement.
In 1501 Gibraltar passed back to the Spanish Crown and Isabella I issued a Royal Warrant granting the town the coat of arms it still uses today. The armorial grant remains the oldest continuously used symbol of Gibraltarian identity.
In 1540 Gibraltar was captured and sacked by the Ottoman admiral Hayreddin Barbarossa. The raid on the small town eliminated nearly an entire generation of Gibraltarians, a demographic blow that shaped subsequent fortification efforts.
In 1704 a combined Anglo-Dutch fleet took the town on behalf of Archduke Charles of Austria in his campaign for the Spanish throne. The vast majority of the roughly 4,000 to 5,000 Spanish inhabitants left, with only about 70 people, mostly neutral Genoese traders, remaining, and many displaced residents settled nearby. This capture is the founding event of modern Gibraltar and the origin of its distinct population.
Strategically important at the mouth of the Mediterranean, Gibraltar was reluctantly ceded to Great Britain by Spain in the 1713 Treaty of Utrecht, agreed as the Grand Alliance campaign faltered and in order to secure Britain's withdrawal from the war. The treaty remains the legal foundation of British sovereignty and the central point of contention in Spanish claims ever since.
Spanish monarchs made repeated attempts to regain Gibraltar, with a siege in 1727 and the Great Siege of 1779 to 1783 during the American War of Independence. Both failed, confirming British possession. The destructive Great Siege led to the near-total rebuilding of the town afterwards.
Boschetti arrived in Gibraltar in 1784 from Milan and built the Victualling Yard, completed in 1812, along with many other buildings after the Great Siege. He is credited with defining the eclectic style of the old town, blending military ordnance arches, Italianate stucco, Genoese shutters, English Regency ironwork, Spanish stained glass and Georgian windows.
Gibraltar's strategic value increased with the opening of the Suez Canal, as it lay on the sea route between the UK and the British Empire east of Suez. In the later 19th century major investments were made to improve the fortifications and the port.
In the late 19th century a Sanitary Commission instigated major improvements to Gibraltar's water supply, including the introduction of large-scale desalination and giant catchments covering over 2.5 million square feet. This addressed the cholera and yellow fever outbreaks caused by an inadequate supply for a growing population.
An outbreak of yellow fever struck Gibraltar in 1804, later becoming the subject of Letitia Elizabeth Landon's 1836 poetical illustration. Cholera and yellow fever spread as the water supply proved increasingly inadequate for a growing population.
During the Napoleonic Wars Gibraltar became a key Royal Navy base and played an important role leading up to the Battle of Trafalgar on 21 October 1805. It was designated one of four Imperial fortresses alongside Bermuda, Halifax and Malta, and its strategic location made it central to British naval power in the Mediterranean.
Gibraltar was declared a crown colony on 25 June 1830. The Gibraltar police force was formed shortly after the creation of London's Metropolitan Police in 1829, making it the oldest police force of the former British Empire outside the United Kingdom. The force received the prefix Royal in 1992 and numbers over 220 officers.
Queen Victoria recognised Gibraltar as a city in 1842, a fact rediscovered in the National Archives after Gibraltar's 2022 bid for Platinum Jubilee city status was refused. The status came formally into force on 29 August 2022.
Gibraltar's strategic location made it a key British base during the Crimean War of 1854 to 1856. Its role as one of the Imperial fortresses underpinned British power projection into the Mediterranean and beyond.
Banco Galliano commenced operations in Gibraltar in 1855; Jyske Bank claims to be the oldest bank in the territory on the basis of its 1987 acquisition of Galliano. The Anglo-Egyptian Bank, an ancestor of Barclays, entered in 1888 and Credit Foncier, now Crédit Agricole, in 1920. These entries mark the beginnings of Gibraltar's long-standing financial sector.
The first half of the 19th century saw a significant increase in population to more than 17,000 by 1860 as Britons, Italians, Portuguese, Maltese, Jews and French took up residence. This mixed immigration formed the basis of the distinctive Gibraltarian identity.
The Gibraltar pound is issued by the Government of Gibraltar under the terms of the 1934 Currency Notes Act. This gave the territory its own distinct circulating currency alongside sterling.
During the Second World War most civilians were evacuated to London, Morocco, Madeira and Gibraltar Camp in Jamaica while the Rock was fortified. On 18 July 1940 the Vichy French air force attacked Gibraltar in retaliation for British bombing of the Vichy navy, and in August 1942 the critical Operation Pedestal convoy sailed from Gibraltar to resupply Malta. Franco's refusal to admit the German Army to Spanish soil frustrated Operation Felix, the German plan to seize the Rock.
Gibraltar was nominated for inclusion on the United Nations list of non-self-governing territories by the UK when the list was created in 1946 and has been listed ever since. The Gibraltar government has actively campaigned for removal, and in 2008 the British government declared its continued presence an anachronism.
In the 1950s Franco revived Spain's claim to sovereignty over Gibraltar and began restricting movement between Gibraltar and Spain. This opened the modern sovereignty dispute that has shaped Gibraltar's politics and economy ever since.
In a referendum held on 10 September 1967, Gibraltarians voted overwhelmingly to reject Spanish sovereignty and remain a British dependency - a date now celebrated as Gibraltar's National Day. The result led directly to the passing of the Gibraltar Constitution Order in 1969, entrenching self-government.
In 1967 Gibraltar legislated special tax treatment for international business. This laid the legal groundwork for the territory's later development as an offshore financial and gaming jurisdiction.
The granting of autonomy in 1969 led Spain to close the border and sever all communication links, a closure that lasted until the 1980s.
In response to the 1969 Gibraltar Constitution Order, Franco's Spain closed the land frontier completely and cut all air, ferry and telephone links. The ferry to Algeciras was halted. The closure isolated Gibraltar for over a decade and forced reliance on British and maritime connections.
Gibraltar entered the European Union through the UK's European Communities Act 1972 giving effect to the Treaty of Accession, as a dependent territory under article 227(4) of the EC Treaty. It was exempt from the customs union, Common Agricultural Policy and Schengen Area. Membership shaped its economy for over four decades.
On 14 July 2026 the four parties signed a treaty in Brussels removing routine border controls at the Gibraltar–Spain frontier and enabling Gibraltar's participation in the Schengen Area and the EU Customs Union. The land-border fence was removed and joint British-Spanish checks introduced at Gibraltar's airport and port. It marked the most significant change to Gibraltar's external relations since Brexit.
On 11 June 2025 a preliminary political agreement was signed establishing an open border and joint passport controls at Gibraltar International Airport to ease daily crossings. The UK reaffirmed that Gibraltar remains British sovereign territory despite the practical changes.
New roads and a tunnel ending the need to halt road traffic for aircraft, together with a new airport terminal originally due in 2009, finally opened officially on 31 March 2023. The works improved the territory's constrained transport infrastructure.
On 31 January 2020 the UK left the EU and Gibraltar consequently did the same. Its relationship with the EU remained unchanged during the transition until the end of 2020, when the EU–UK Trade and Cooperation Agreement took over. On 31 December 2020 the UK and Spain agreed in principle a framework for Gibraltar to participate in the Schengen Area and avoid a hard border.
On 18 October 2018 Spain's prime minister stated that Gibraltar would no longer be a problem in arriving at a Brexit deal and that Spain would hold no objection when Gibraltar left the EU with Britain. The statement removed a major Spanish veto threat over the withdrawal agreement.
In January 2018 Gibraltar established a bespoke regulatory framework for Distributed Ledger Technology, aiming for a flexible and adaptive approach to novel business models. This positioned the territory as an early mover in regulated blockchain and crypto business.
On 23 June 2016 Gibraltar voted alongside the United Kingdom in the EU membership referendum, with 96% backing Remain on an 84% turnout. The overall UK result of 51.9% for Leave meant Gibraltar would leave the EU against its clear preference, prompting renewed Spanish calls for joint control that were rebuffed by the Chief Minister.
A WHO report in May 2016 found Gibraltar to have the worst air quality of any British territory. Earlier, in 1991, MEP Graham Watson had highlighted conservationists' fears that urban development, tourism and invasive species threatened Gibraltar's plants, birds and bats.
On 31 March 2015 the government announced adoption of the University of Gibraltar Act, and the university opened in September 2015. It gave the territory its first higher education institution of its own.
The Gibraltar Stock Exchange was established in 2014, adding a capital markets institution to the territory's financial sector. It complemented an already dense banking and professional services base.
After its bid was declined in 2007, Gibraltar was confirmed as UEFA's 54th member on 24 May 2013 following Court of Arbitration for Sport arbitration, and played in Euro 2016 qualifying. On 2 May 2016 the CAS upheld a further appeal on FIFA membership. Sporting recognition reinforced Gibraltar's distinct international personality.
In 2013 the British reported a record number of entries by Spanish vessels into waters claimed by Gibraltar, following a dispute over Gibraltar's creation of an artificial reef in those waters.
The special corporate tax regime for non-resident controlled companies, which had attracted many bookmakers and online gaming operators in the early 2000s, was phased out by January 2011. It was replaced by a still favourable fixed corporate tax rate of ten per cent, retaining Gibraltar's competitive position as a regulated jurisdiction.
The ferry between Gibraltar and Algeciras, halted in 1969 when Franco severed communications, was reopened on 16 December 2009 and served by the Spanish company Transcoma. It restored a direct maritime link across the bay.
Throughout 2009 a dispute over Gibraltar's claim to territorial waters extending out three miles gave rise to periodic non-violent maritime confrontations between Spanish and UK naval patrols.
In December 2008 the court recognised Gibraltar's right to regulate its own tax regime.
Gibraltar was allocated the international access code +350 by the International Telecommunication Union, but Spain only accepted it from 10 February 2007 when the telecom dispute was resolved. The settlement ended a long-running practical obstacle to communications.
A new noncolonial constitution came into effect in 2007, though the UK retains responsibility for defence, foreign relations, internal security and financial stability.
Under an agreement signed in Córdoba on 18 September 2006, Spain agreed to relax frontier controls in return for increased British pensions for Spanish workers who lost jobs when Franco closed the border. Air links with Spain were restored in December 2006 and telecommunications restrictions lifted in February 2007. The tripartite process also addressed customs procedures and cultural exchange.
The PDP was founded in 2006 and fielded candidates in the 2007 election, but none were elected. It contested the 2011 election alongside the Gibraltar Social Democrats and the GSLP–Liberal alliance. Fabian Picardo became Chief Minister in December 2011.
A new Constitution Order was approved by referendum in 2006, updating Gibraltar's self-governing arrangements. The same year tripartite negotiations began between Spain, Gibraltar and the UK.
On 4 August 2004, Tercentenary Day, Gibraltar marked 300 years since its capture by granting the Royal Navy the Freedom of the City. A human chain of Gibraltarians dressed in red, white and blue encircled the Rock in a display of loyalty and identity.
Gibraltar is not a member of the Commonwealth of Nations in its own right and is represented by the United Kingdom, but was granted Associate Membership of the Commonwealth Foundation in 2004. It has competed in the Commonwealth Games since 1958.
After a ten-year campaign for the right to vote in European elections, Gibraltarians participated in European Parliament elections from 2004 to 2019 within the South West England constituency. This gave the territory direct representation in an EU institution for the first time.
Since late 2004 the three parties have held tripartite talks aimed at cooperatively resolving problems affecting the local population, with work continuing on cooperation agreements in areas such as taxation and financial services, communications and maritime security, policing, legal and customs services, environmental protection, and education and visa services.
Between 1997 and 2002 the UK and Spain held talks on establishing temporary joint sovereignty over Gibraltar. In response, the Gibraltar Government called a referendum in late 2002 in which 99% of voters rejected any sharing of sovereignty with Spain. In 2008 the British government committed to respecting Gibraltarians' wishes, effectively closing the joint sovereignty option.
Under the British Overseas Territories Act 2002, all British Overseas Territories citizens except those of the Cyprus Sovereign Base Areas became British citizens on 21 May 2002. This gave Gibraltarians full British citizenship and associated rights automatically.
The regiment, originally a part-time reserve force, was placed on a permanent footing by the British Army in 1990. This professionalised Gibraltar's own contribution to the garrison of the Rock.
The Financial Services Commission was created by an ordinance in 1989 which took effect in 1991, giving Gibraltar a dedicated regulator for its finance sector. In 1997 the Department of Trade and Industry added a Gibraltar Finance Centre Division to promote sector development. These bodies underpinned the territory's credibility as a regulated jurisdiction.
The land border with Spain was partially reopened in 1982 after thirteen years of closure. It was fully reopened in 1985 ahead of Spain's accession to the European Community, restoring cross-frontier movement and labour flows.
Under the British Nationality Act 1981 Gibraltarians became British Overseas Territories citizens by default, with an unrefusable entitlement to register as British citizens under section 5. This defined the legal status of Gibraltarians within the British state.
Strategically important, Gibraltar was reluctantly ceded to Great Britain by Spain in the 1713 Treaty of Utrecht; the British garrison was formally declared a colony in 1830. In a referendum held in 1967, Gibraltarians voted overwhelmingly to remain a British dependency. The subsequent granting of autonomy in 1969 by the UK led to Spain closing the border and severing all communication links. Between 1997 and 2002, the UK and Spain held a series of talks on establishing temporary joint sovereignty over Gibraltar. In response to these talks, the Gibraltar Government called a referendum in late 2002 in which the majority of citizens voted overwhelmingly against any sharing of sovereignty with Spain. Since late 2004, Spain, the UK, and Gibraltar have held tripartite talks with the aim of cooperatively resolving problems that affect the local population, and work continues on cooperation agreements in areas such as taxation and financial services; communications and maritime security; policy, legal and customs services; environmental protection; and education and visa services. Throughout 2009, a dispute over Gibraltar's claim to territorial waters extending out three miles gave rise to periodic non-violent maritime confrontations between Spanish and UK naval patrols and in 2013, the British reported a record number of entries by Spanish vessels into waters claimed by Gibraltar following a dispute over Gibraltar's creation of an artificial reef in those waters. A new noncolonial constitution came into effect in 2007, and the European Court of First Instance recognized Gibraltar's right to regulate its own tax regime in December 2008. The UK retains responsibility for defense, foreign relations, internal security, and financial stability.
none (overseas territory of the UK)
National Day, 10 September (1967); note - day of the national referendum to decide whether to remain with the UK or join Spain
Southwestern Europe, bordering the Strait of Gibraltar, which links the Mediterranean Sea and the North Atlantic Ocean, on the southern coast of Spain
36 08 N, 5 21 W
Europe
more than 10 times the size of The National Mall in Washington, D.C.
12 km
a narrow coastal lowland borders the Rock of Gibraltar
none
NA
NA
strategic location on Strait of Gibraltar that links the North Atlantic Ocean and Mediterranean Sea
limited natural freshwater resources: large concrete or natural rock water catchments collect rainwater (no longer used for drinking water) and adequate desalination plant
Mediterranean with mild winters and warm summers
Capability-group ratings for Critical Technology are part of the GINC National Capability Framework rather than the country factbook. They are published in the National Capability index, and the per-capability detail lives on the capability pages.
1 (2013)
34,750 (2012)
20,200 (2009)
.gi
166.4 million kWh (2010 est.)
154.7 million kWh (2010 est.)
0 kWh (2012 est.)
0 kWh (2012 est.)
43,000 kW (2010 est.)
100% of total installed capacity (2010 est.)
0% of total installed capacity (2010 est.)
0% of total installed capacity (2010 est.)
0% of total installed capacity (2010 est.)
0 bbl/day (2012 est.)
0 bbl/day (2010 est.)
0 bbl/day (2010 est.)
0 bbl (1 January 2013 est.)
0 bbl/day (2010 est.)
24,920 bbl/day (2011 est.)
0 bbl/day (2010 est.)
28,380 bbl/day (2008 est.)
0 cu m (2011 est.)
0 cu m (2010 est.)
0 cu m (2011 est.)
0 cu m (2011 est.)
0 cu m (1 January 2013 est.)
4.905 million Mt (2011 est.)
23,100 (2012)
3,509 (2012)
defense is the responsibility of the UK; the Royal Gibraltar Regiment replaced the last British regular infantry forces in 1992
Royal Gibraltar Regiment (2013)
29,185 (July 2014 est.)
0.25% (2014 est.)
14.15 births/1,000 population (2014 est.)
8.33 deaths/1,000 population (2014 est.)
1.92 children born/woman (2014 est.)
-3.29 migrant(s)/1,000 population (2014 est.)
NA%
NA
NA
NA
NA
in 2002, Gibraltar residents voted overwhelmingly by referendum to reject any "shared sovereignty" arrangement; the Government of Gibraltar insists on equal participation in talks between the UK and Spain; Spain disapproves of UK plans to grant Gibraltar even greater autonomy
NA
none (overseas territory of the UK)
previous 1969; latest passed by referendum 30 November 2006, entered into effect 14 December 2006, entered into force 2 January 2007; amended 2009 (2009)
18 years of age; universal; and British citizens with six months residence or more
the laws of the UK, where applicable, apply
unicameral Parliament (18 seats: 17 members elected by popular vote, 1 for the speaker appointed by Parliament; members serve four-year terms)
overseas territory of the UK
Gibraltar Liberal Party [Joseph GARCIA]//Gibraltar Social Democrats or GSD [Daniel FEETHAM]//Gibraltar Socialist Labor Party or GSLP [Fabian PICARDO]//Progressive Democratic Party [Nick CRUZ]
Chamber of Commerce//Gibraltar Representatives Organization//Women's Association
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; the design is that of Gibraltar's coat of arms granted on 10 July 1502 by King Ferdinand and Queen Isabella of Spain; the castle symbolizes Gibraltar as a fortress, while the key represents Gibraltar's strategic importance - the key to the Mediterranean
English (used in schools and for official purposes), Spanish, Italian, Portuguese
Roman Catholic 78.1%, Church of England 7%, other Christian 3.2%, Muslim 4%, Jewish 2.1%, Hindu 1.8%, other or unspecified 0.9%, none 2.9% (2001 census)
Spanish, Italian, English, Maltese, Portuguese, German, North Africans
Barbary macaque
Gibraltar Broadcasting Corporation (GBC) provides TV and radio broadcasting services via 1 TV station and 4 radio stations; British Forces Broadcasting Service (BFBS) operates 1 radio station; broadcasts from Spanish radio and TV stations are accessible (2008)
ICC (NGOs), Interpol (subbureau), UPU
none (overseas territory of the UK)
none (overseas territory of the UK)
43% of GDP (2008 est.)
2.1% of GDP (2008 est.)
7.5% of GDP (2008 est.)//13.5% of GDP (2006 est.)
2.8% (2008)//2.6% (2006)
$NA
Gibraltar pounds (GIP) per US dollar -//0.6307 (2014)//0.6391 (2013)//0.6472 (2010)//0.6175 (2009)//0.5302 (2008)
$1.106 billion (2006 est.)
tourism, banking and finance, ship repairing, tobacco
NA%
12,690 (2001) (2001)
3% (2005 est.)
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. The financial sector, tourism (over 11 million visitors in 2012), gaming revenues, shipping services fees, and duties on consumer goods also generate revenue. The financial sector, tourism, and the shipping sector contribute 30%, 30%, and 25%, respectively, of GDP. Telecommunications, e-commerce, and e-gaming account for the remaining 15%. 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.
$1.275 billion (2008 est.)//$1.203 billion (2007 est.)//$1.106 billion (2006 est.)
6% (2008 est.)//8.8% (2007 est.)//0% (2006 est.)
$43,000 (2008 est.)//$41,200 (2007 est.)//$38,400 (2006 est.)
none
1 July - 30 June
$271 million (2004 est.)
(principally reexports) petroleum 51%, manufactured goods
$2.967 billion (2004 est.)
fuels, manufactured goods, foodstuffs