Local Market Statistics

Fast Facts About Gibraltar: Key Information

(All figures relate to 2018 unless otherwise stated)

Population 33,140
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 2.4% per annum (year to July 2021)
Minimum wage £7.50 per hour (£292.50 per week) from 1st August 2021
Average earnings £32,625 (2020)
Registered employed 29,516 (October 2020)
Registered unemployed 1.0%
Imports UK: 50%, Spain: 40%, Other EU:10%

Corporation Tax (from Ist January 2011) Tax Payable
Resident Companies 12.5%
Utilities Companies 20%
Personal Income Tax (Allowance based system) Tax Payable
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).
Useful weblinks
General www.gibraltar.gov.gi
Airlines www.ba.com
Hotels www.sunborngibraltar.com
See more useful links