An impependent study commissioned by the Gibraltar Chamber of Commerce

1. The impact of the economy of Gibraltar on the Campo de Gibraltar - an independent study commissioned by the Gibraltar Chamber of Commerce September 2009

5. Gibraltar employment by sector Sector Employment (FTE) % of Total Manufacturing 438 2.3 Electricity & Water 295 1.6 Construction 2,087 11.2 Wholesale, Retail and Importers 2,484 13.3 Hotels, Restaurants & Bars 911 4.9 Transport & Communication 989 5.3 Finance Sector 1,621 8.7 Business, Real Est. & Professional Services 1,701 9.1 Government 3,735 20.0 Other Services 3,396 18.2 M.o.D. 1,032 5.5 Total 18,688 100.0

6. Gibraltar GDP by sector Sector GDP £m GDP per Employee £ Manufacturing 12.74 29,082 Electricity & Water 15.04 50,989 Construction 55.68 26,678 Wholesale, Retail and Importers 104.85 42,210 Hotels, Restaurants & Bars 19.05 20,909 Transport & Communication 48.18 48,716 Finance Sector 141.07 87,028 Business, Real Est. & Professional Services 66.48 39,081 Government 123.38 33,034 Other Services 112.50 30,120 M.o.D. 22.37 21674 Total 721.33 38,599

8. Expenditure by type of visitor Source : Derived from Gibraltar Tourist Survey, 2007 Visitor Type Expenditure £m Staying Visitors (hotels) 26.88 Excursionists (cruise ships) 10.74 Visitors (yachts) 0.68 Visitors in Supplementary Accommodation 14.85 In-Transit Visitors 1.02 Excursionists from Spain 176.41 Total 230.58

9. Expenditure by v isitors to Gibraltar from the Campo Visitor Type Expenditure £m Land Visitors 109.37 Air Visitors 3.05 Sea Visitors 0 Total 112.42

10. Business imports to Gibraltar directly from Spain Business Imports £m Goods 149.85 Services 24.40 Total 174.25

11. Earnings of registered Spanish frontier workers in Gibraltar Sector £'s FTEs Construction 11,864,433 671.0 Distribution 8,181,376 605.0 Education 114,539 1.5 Electricity & Water 328,392 6.0 Finance 1,713,892 63.5 Health & Soc Services 3,260,895 168.5 Hotels & Rest 3,704,725 312.5 Manufacturing 943,337 64.5 Other Services 3,504,260 193.5 Public Administration 31,080 1.5 Real Estate & Bus Services 4,509,331 273.0 Shipbuilding 1,820,861 48.5 Transport & Communications 2,990,871 137.0 Total 42,967,992 2,546.0

12. Registered Spanish f rontier workers: spending within Andalucía £'s Distributive Trade, Restaurants, Housing Services, etc. 24,660,661 Raw Materials 12,860 Manufacturing 625,514 Other Goods 332,239 Adv & Prom 11,076 Insurance 302,706 Transport 698,743 Telecomm 605,872 Government 150,907 Total 27,400,578

13. Spending by frontier workers of other nationalities in the economy of Andalucía £'s Distributive Trade, Restaurants, Housing Services, etc. 33,065,853 Raw Materials 17,243 Manufacturing 838,711 Other Goods 439,737 Adv & Prom 14,851 Insurance 405,879 Transport 936,898 Telecomm 812,374 Government 202,341 Total 36,733,887

14. Gibraltar residents’ expenditure in Spain £'s Distributive Trade, Restaurants, Housing Services, etc. 26,072,293 Raw Materials 29,404 Manufacturing 1,430,208 Other Goods 759,649 Adv & Prom 9,741 Insurance 266,208 Transport 614,495 Telecomm 532,821 Government 132,712 Total 29,847,531

15. Spending by Gibraltar residents with second homes in Spain £'s Distributive Trade, Restaurants, Housing Services, etc. 30,168,171 Raw Materials 15,732 Manufacturing 765,211 Other Goods 406,439 Adv & Prom 13,550 Insurance 370,310 Transport 854,795 Telecomm 741,182 Government 184,610 Total 33,520,000

16. Gibraltar Spain Net Direct Effect £168M Spanish Frontier Workers £27M Spanish Visitor Spend £134M Gib 2 nd Homes Spend £33M Gib Resident Spend £30M Business Imports £174M Other Frontier Workers £37M

17. Total economic effect of Gibraltar on the Campo economy Direct Indirect Induced Total Source GDP £m GDP £m GDP £m GDP £m Gibraltar Business Imports 69.37 43.56 46.88 159.80 Spanish Frontier Workers 42.97 19.19 27.15 89.30 Other Frontier Workers 57.39 25.62 36.26 119.27 Gibraltar Resident Spending 10.69 5.07 6.39 22.14 Gibraltarians with 2 nd homes in Spain 14.84 6.63 8.62 30.09 Total GDP effect 195.26 100.06 125.28 420.60