Fast Facts About Gibraltar
Key Information
(All figures relate to 2025 unless otherwise stated)
| Population | 37,936 (2022) |
|---|---|
| Total land area | 6.5 sq km |
| Natural resources | None |
| Head of State | HRH King Charles III |
| Chief Minister | Hon Fabian Picardo, MP, KC |
| Legislature | Parliament (no upper house) |
| Languages | English & Spanish |
| Business hours | 9am - 5pm Monday to Friday |
| Inflation rate | 2.4% per annum (year to January 2026) |
|---|---|
| Minimum wage | £10.00 per hour (£390.00 per week) |
| Average earnings | £39,511 (Oct 2025) |
| Registered employed | 32,206 (Oct 2025) |
| GDP | £3.25 bn (2025/26 FORECAST) |
| Imports | UK: 60%, Spain: 30%, Other EU:10% |
| Corporation Tax | Tax Payable |
|---|---|
| Resident Companies | 15% (from 01/07/2024) |
| Utilities Companies | 20% |
| Personal Income Tax (Allowance based system) | Tax Payable |
|---|---|
| The first £4000 of taxable income | 16% |
| The next £12,000 of taxable income | 19% |
| The remainder of taxable income | 41% |
| 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 £118,000 of assessable assessable income only and the amount of tax due and payable in any year of assessment shall be not less than £37,000 (2024). |
