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About: Economy of Gibraltar     Goto   Sponge   NotDistinct   Permalink

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The economy of Gibraltar consists largely of the services sector. While part of the European Union until Brexit, the British overseas territory of Gibraltar has a separate legal jurisdiction from the United Kingdom and 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). As of 2020, Brexit represents a major uncertainty for the Gibraltar economy.