Fast Facts About Gibraltar
Key Information
(All figures relate to 2022 unless otherwise stated)
Population | 33,140 |
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Total land area | 6.5 sq km |
Natural resources | None |
Head of State | HRH Queen Elizabeth II |
Chief Minister | Hon Fabian Picardo, MP |
Legislature | Parliament (no upper house) |
Languages | English & Spanish |
Business hours | 9am - 5pm Monday to Friday |
Inflation rate | 7.9% per annum (year to January 2023) |
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Minimum wage | £8.10 per hour (£315.90 per week) |
Average earnings | £32,443 (2021) |
Registered employed | 30,403 (Oct 2021) |
GDP | £2.4bn (2020/21) |
Imports | UK: 60%, Spain: 30%, Other EU:10% |


Corporation Tax (from Ist January 2011) | Tax Payable |
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Resident Companies | 12.5% |
Utilities Companies | 20% |
Personal Income Tax (Allowance based system) | Tax Payable |
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The first £4000 of taxable income | 14% |
The next £12,000 of taxable income | 17% |
The remainder of taxable income | 39% |
No Inheritance tax/estate duty | No wealth, gift or capital taxes |
Special Status personal tax rates | Tax payable |
Qualifying individuals who are non-resident and derive no income from Gibraltar can apply for Category 2 resident status. Applications should be made to the Finance Centre Director, info@financecentre.gov.gi | Tax is levied on the first £105,000 of assessable income with a maximum payable of £37,310 and a minimum tax payable of £32,000 per annum (2021). |