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Gibraltar economy is booming
05 July 2011 @ 00:13

While it's neighbour Spain is struggling with 21% unemployment, mountains of public and private sector debt and low/no growth, Gibraltar is booming.  According to the Gibraltar Chronicle:

-  GDP last year £954 million – grew 6.5% (growth in economy).

-  GDP 2010/11 provisionally estimated at £1 billion – growth of 5%

-  Jobs in economy as at October 2010: 20,975, a record high. 525 additional jobs in year. 546 up in private sector, 20 up in MOD and 41 down in public sector.

-  Gibraltarians in employment at record high of 10,706.

-  Government surplus 2010/11: £31 million

-  Capital expenditure 2010/11: £158 million

-  Net Government debt: £217 million. 23% of GDP.



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