Gibraltar Economy - 1986

GEOGRAPHICAL NAMES 

Economic activity in Gibraltar centers on commerce and large British naval and air bases; nearly all trade in the well developed port is transit trade and port serves also as important supply depot for fuel, water, and ships’ wares; recently built dockyards and machine shops provide maintenance and repair services to 3,500-4,000 vessels that call at Gibraltar each year; UK military establishments and the civil government em ploy nearly half the insured labor force, and a recently announced decision to close the Royal Navy dockyard will significantly add to unemployment; local industry is confined to manufacture of tobacco, roasted coffee, ice, mineral waters, candy, beer, and canned

fish; some factories for manufacture of cloth ing are being developed, a small segment of the local population makes its livelihood by fishing; in recent years tourism has increased in importance

Electric power-&Q.001) kW capacity (1985); 210 million kWh produced (1985), 7,000 kWh per capita

Exports: $47.8 million (.1983); principally reexports of tobacco, petroleum, and wine

Imports: $136.8 million (1983), principally manufactured goods, fuels, and foodstuffs; 65% from UK

Major trade partners- UK, Morocco, Portugal, Netherlands

Budget-(FY82)revenues, $*

Monetary conversion rate: .833 Gibraltar pound=.833 pound sterling=US$l (Decern berl984)

NOTE: The information regarding Gibraltar on this page is re-published from the 1986 World Fact Book of the United States Central Intelligence Agency and other sources. No claims are made regarding the accuracy of Gibraltar 1986 information contained here. All suggestions for corrections of any errors about Gibraltar 1986 should be addressed to the CIA or the source cited on each page.