Gibraltar - Economy
How is the economy of Gibraltar? Based on the information we have, Gibraltar has a British territorial high-income economy; Brexit caused significant economic disruption to longstanding financial services, shipping, and tourism industries; ongoing negotiations to rejoin EU Schengen Area; independent taxation authority. Key agricultural products in this country include: none.
More about the economy of Gibraltar
| Labor force | 24,420 (2014 est.) |
|---|---|
| Industrial production growth rate | 4.3% (2014 est.) |
| Industries | tourism, banking and finance, ship repairing, tobacco |
| Population below poverty line | |
| Taxes and other revenues | |
| Fiscal year | |
| Exchange rates | |
| Currency | Gibraltar pounds (GIP) per US dollar - |
| Exchange rates 2023 | 0.805 (2023 est.) |
| Exchange rates 2022 | 0.811 (2022 est.) |
| Exchange rates 2021 | 0.727 (2021 est.) |
| Exchange rates 2020 | 0.78 (2020 est.) |
| Exchange rates 2019 | 0.783 (2019 est.) |
| Debt - external | |
| Budget | |
| Revenues | $475.8 million (2008 est.) |
| Expenditures | $452.3 million (2008 est.) |
| Budget surplus (+) or deficit (-) | |
| Imports (partners) | Spain 19%, Italy 17%, Greece 11%, Nigeria 10%, UK 6% (2022) |
| Comodities Imports force | refined petroleum, crude petroleum, coal tar oil, ships, cars (2022) |
| Exports (partners) | Ireland 20%, India 18%, Brazil 12%, Netherlands 10%, South Korea 8% (2022) |
| Comodities Exports force | refined petroleum, crude petroleum, ships, cars, natural gas (2022) |
| Real GDP (purchasing power parity) | |
| Real GDP (purchasing power parity) 2014 | $2.044 billion (2014 est.) |
| GDP (official exchange rate) | $2.044 billion (2014 est.) |
| Real GDP Per capita | |
| Real GDP per capita 2014 | $61,700 (2014 est.) |
| GDP - composition, by sector of origin | |
| Agriculture | 0% (2016 est.) |
| Industry | 0% (2008 est.) |
| Services | 100% (2016 est.) |
| Unemployment rate | |
| Unemployment rate 2016 | 1% (2016 est.) |
All Important Facts about Gibraltar
Want to know more about Gibraltar? Check all different factbooks for Gibraltar below.
