Econom�a - descripci�n: 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 11% to the local economy. The financial sector accounts for 20% of GDP; tourism (almost 6 million visitors in 1998), shipping services fees, and duties on consumer goods also generate revenue. 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.

Producto Bruto Interno (PBI): purchasing power parity - $500 million (1997 est.)

PBI - Indice de Incremento real: NA%

PBI - por capital: purchasing power parity - $17,500 (1997 est.)

PBI - Composici�n por Sector:
agriculture: NA%
industry: NA%
services: NA%

Poblaci�n bajo linea de pobertad: NA%

Ingreso en casa o porcentage de consumci�n:
lowest 10%: NA%
highest 10%: NA%

Indice de Inflaci�n (precios del consumidor): 1.5% (1998)

Fuerza Laboral: 14,800 (including non-Gibraltar laborers)

Fuerza Laboral - por ocupaci�n: services 60%, industry 40%, agriculture NEGL%

Indice de desempleo: 13.5% (1996)

Presupuesto:
revenues: $119.3 million
expenditures: $122.1 million, including capital expenditures of $NA (FY96/97)

Industrias: tourism, banking and finance, ship-building and repairing; support to large UK naval and air bases; tobacco, mineral water, beer, canned fish

Industrial production growth rate: NA%

Electricidad - Producci�n: 90 million kWh (1998)

Electricidad - producci�n por fuente:
fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (1998)

Electricidad - consumci�n: 84 million kWh (1998)

Electricidad - exportaciones: 0 kWh (1998)

Electricidad - importaciones: 0 kWh (1998)

Agricultura - productos: none

Exportaciones: $81.1 million (f.o.b., 1997)

Exporationes - comodidades: (principally reexports) petroleum 51%, manufactured goods 41%, other 8%

Exportaciones - socios: UK, Morocco, Portugal, Netherlands, Spain, US, Germany

Importaciones: $492 million (c.i.f., 1997)

Importaciones - comodidades: fuels, manufactured goods, and foodstuffs

Importaciones - socios: UK, Spain, Japan, Netherlands

Deuda - externa: $NA

Ayuda economica - recipiente: $NA

Moneda: 1 Gibraltar pound = 100 pence

Indice de intercambio: Gibraltar pounds per US$1 - 0.6092 (January 2000), 0.6180 (1999), 0.6037 (1998), 0.6106 (1997), 0.6403 (1996), 0.6335 (1995); note - the Gibraltar pound is at par with the British pound

A�o Fiscal: 1 July - 30 June