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gibraltar administrative divisions: none (overseas territory of the uk) independence: none (overseas territory of the uk) national holiday: national day. 10 september (1967); note - day of the national referendum to decide whether to remain with the uk or go with spain constitution: 30 may 1969 legal system: english law suffrage: 18 years of age; universal. plus other british citizens who have been residents six months or more executive branch: chief of state: queen elizabeth ii (since 6 february 1952). represented by governor and commander-in-chief sir francis richards (since 27 may 2003) head of government: chief minister peter caruana (since 17 may 1996) cabinet: council of ministers appointed from among the 15 elected members of the house of assembly by the governor in consultation with the chief minister elections: none; the monarch is hereditary; governor appointed by the monarch; following legislative elections. the leader of the majority party or the leader of the majority coalition is usually appointed chief minister by the governor legislative branch: unicameral house of assembly (18 seats - 15 elected by popular vote. one appointed for the speaker. and two ex officio members; members serve four-year terms) elections: last held 27 november 2003 (next to be held not later than february 2008) election results: percent of vote by party - gsd 58%. gslp 41%; seats by party - gsd 8. gslp 7 judicial branch: supreme court; court of appeal political parties and leaders: gibraltar liberal party [joseph garcia]; gibraltar social democrats or gsd [peter caruana]; gibraltar socialist labor party or gslp [joseph john bossano] political pressure groups and leaders: chamber of commerce; gibraltar representatives organization; women's association international organization participation: interpol (subbureau). upu diplomatic representation in the us: none (overseas territory of the uk) diplomatic representation from the us: none (overseas territory of the uk) flag description: 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 economy - overview: 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. gdp (purchasing power parity): $769 million (2000 est.) gdp (official exchange rate): na gdp - real growth rate: na% gdp - per capita: purchasing power parity - $27.900 (2000 est.) gdp - composition by sector: agriculture: na% industry: na% services: na% (2002 est.) labor force: 14.800 (including non-gibraltar laborers) (1999) labor force - by occupation: agriculture negligible. industry 40%. services 60% unemployment rate: 2% (2001 est.) population below poverty line: na household income or consumption by percentage share: lowest 10%: na% highest 10%: na% inflation rate (consumer prices): 1.5% (1998) budget: revenues: $307 million expenditures: $284 million. including capital expenditures of na (fy00/01 est.) agriculture - products: none industries: tourism. banking and finance. ship repairing. tobacco industrial production growth rate: na% electricity - production: 106.1 million kwh (2003) electricity - production by source: fossil fuel: 100% hydro: 0% nuclear: 0% other: 0% (2001) electricity - consumption: 98.69 million kwh (2003) electricity - exports: 0 kwh (2003) electricity - imports: 0 kwh (2003) oil - production: 0 bbl/day (2003 est.) oil - consumption: 23.500 bbl/day (2003 est.) oil - exports: na (2001) oil - imports: na (2001) exports: $271 million f.o.b. (2004 est.) exports - partners: france 19.4%. spain 14.1%. turkmenistan 12.1%. switzerland 11.7%. germany 10.1%. uk 9.1%. greece 6.8% (2004) imports: $2.967 billion c.i.f. (2004 est.) imports - partners: spain 19.9%. russia 18.4%. uk 10.8%. italy 8.8%. germany 7.5%. us 5.1%. sweden 4.7%. france 4.2% (2004) debt - external: $na (2000 est.) economic aid - recipient: $na currency (code): gibraltar pound (gip) currency code: gip exchange rates: gibraltar pounds per us dollar - 0.54 (2005). 0.5462 (2004). 0.6125 (2003). 0.6672 (2002). 0.6947 (2001) note: the gibraltar pound is at par with the british pound fiscal year: 1 july - 30 june telephones - main lines in use: 24.512 (2002) telephones - mobile cellular: 9.797 (2002) telephone system: general assessment: adequate. automatic domestic system and adequate international facilities domestic: automatic exchange facilities international: country code - 350; radiotelephone; microwave radio relay; satellite earth station - 1 intelsat (atlantic ocean) radio broadcast stations: am 1. fm 5. shortwave 0 (1998) radios: 37.000 (1997) television broadcast stations: 1 (plus three low-power repeaters) (1997) televisions: 10.000 (1997) internet country code: .gi internet service providers (isps): 2 (2000) internet users: 6.200 (2002) airports: 1 (2004 est.) airports - with paved runways: total: 1 1.524 to 2.437 m: 1 (2005 est.) roadways: total: 29 km paved: 29 km (2002) merchant marine: total: 161 ships (1.000 grt or over) 980.636 grt/1.254.661 dwt by type: barge carrier 3. bulk carrier 2. cargo 96. chemical tanker 21. container 22. passenger 3. passenger/cargo 1. petroleum tanker 11. roll on/roll off 2 foreign-owned: 142 (belgium 1. cyprus 1. finland 1. france 1. germany 105. greece 12. iceland 1. ireland 1. italy 1. latvia 1. norway 8. sweden 2. switzerland 1. taiwan 1. united kingdom 3. united states 2) (2005) ports and terminals: gibraltar military branches: royal gibraltar regiment military - note: defense is the responsibility of the uk; the last british regular infantry forces left gibraltar in 1992. replaced by the royal gibraltar regiment disputes - international: in 2003. gibraltar residents voted overwhelmingly by referendum to remain a british colony and against a "total shared sovereignty" arrangement while demanding participation in talks between the uk and spain; spain disapproves of uk plans to grant gibraltar even greater autonomy
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