Economy of Gibraltar

The economy of Gibraltar consists largely of the services sector. While being part of the European Union, the British overseas territory of Gibraltar has a separate legal jurisdiction from the United Kingdom and enjoys a different tax system. The role of the UK Ministry of Defence, which at one time was Gibraltar's main source of income, has declined, with today's economy mainly based on shipping, tourism, financial services, and the Internet (mostly gambling). In his June 2009, budget speech, Chief Minister Peter Caruana noted that Gibraltar's economy remains in good shape and Government finances remain healthy, solid, stable and robust, despite global economic and financial turmoil. Gibraltar has a functioning stock exchange, the Gibraltar Stock Exchange. In December 2008 in a landmark decision the European Court of Justice ruled that: the Court finds that the competent Gibraltar authorities which have devised the tax reform have, from a constitutional point of view, a political and administrative status separate from that of the central government of the United Kingdom. This allowed the implementation of a new low tax system which is took full effect by 2010.

Words

This table shows the example usage of word lists for keywords extraction from the text above.

WordWord FrequencyNumber of ArticlesRelevance
gibraltar727540.285
economy5177640.154
gibraltar's2970.117
tax3103480.101

This website uses cookies to ensure you get the best experience on our website. Learn more. Got it.