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Self-sufficient 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.
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$1.106 billion (2006 est.)
country comparison to the world: 196
$1.066 billion (2005 est.)
$769 million (2000 est.)
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$1.106 billion (2006 est.)
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3.7% (2006)
country comparison to the world: 50
7% (2005 est.)
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$38,400 (2006 est.)
country comparison to the world: 26
$38,200 (2005 est.)
$27,900 (2000 est.)
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agriculture: NA%
industry:
NA%
services:
NA%
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12,690 (including non-Gibraltar laborers) (2001)
country comparison to the world: 212
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agriculture: negligible
industry:
40%
services:
60% (2001)
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3% (2005 est.)
country comparison to the world: 20
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NA%
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lowest 10%: NA%
highest 10%:
NA%
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revenues: $455.1 million
expenditures:
$423.6 million (2005 est.)
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15.5% of GDP (2006 est.)
country comparison to the world: 112
15.7% of GDP (2005 est.)
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2.6% (2005)
country comparison to the world: 92
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none
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tourism, banking and finance, ship repairing, tobacco
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NA%
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146 million kWh (2007 est.)
country comparison to the world: 182
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146 million kWh (2007 est.)
country comparison to the world: 184
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0 kWh (2008 est.)
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0 kWh (2008 est.)
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0 bbl/day (2009 est.)
country comparison to the world: 193
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21,000 bbl/day (2009 est.)
country comparison to the world: 123
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0 bbl/day (2007 est.)
country comparison to the world: 155
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25,610 bbl/day (2007 est.)
country comparison to the world: 105
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0 bbl (1 January 2009 est.)
country comparison to the world: 177
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0 cu m (2008 est.)
country comparison to the world: 108
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0 cu m (2008 est.)
country comparison to the world: 181
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0 cu m (2008 est.)
country comparison to the world: 75
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0 cu m (2008 est.)
country comparison to the world: 173
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0 cu m (1 January 2009 est.)
country comparison to the world: 174
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$271 million (2004 est.)
country comparison to the world: 176
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(principally reexports) petroleum 51%, manufactured goods
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$2.967 billion (2004 est.)
country comparison to the world: 138
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fuels, manufactured goods, and foodstuffs
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$NA
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Gibraltar pounds (GIP) per US dollar - 0.6494 (2009), 0.5302 (2008), 0.4993 (2007), 0.5418 (2006), 0.5493 (2005)
note:
the Gibraltar pound is at par with the British pound
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