Located on the southern tip of the Iberian Peninsula, the British Overseas Territory of Gibraltar has long fascinated visitors with its rich history, stunning landscapes and vibrant cultural scene. From the towering Rock to its thriving economy, this unique, multidimensional destination has so much to offer.
With British, Spanish, and North African influences, Gibraltar’s culture is a remarkable melting pot at the gateway to the Mediterranean. This distinctive fusion has evolved over centuries, shaped by the many communities that have made Gibraltar their home.
And Gibraltar’s robust regulatory framework, favourable tax regime and proximity to key markets make it a premier destination for businesses and investors alike.
Whether you’re planning a trip, considering a move or simply want to discover more, Gibraltar-City.com is your go-to resource for in-depth information, fun facts, and practical advice!
Explore Gibraltar
Gibraltar, or Gib – as the locals call it – may have an area of just 2.6 square miles (6.8 sq. km) but it certainly packs a punch in terms of things to see and do, including a Nature Reserve, World War II and Great Siege Tunnels and a Moorish Castle. So what really makes Gibraltar so special? Let’s find out more about this intriguing, sought-after destination.
The Rock of Gibraltar
The Rock is undoubtedly the territory’s most famous landmark, and a must-see for any visitor. The monolithic limestone promontory dominates the western entrance to the Mediterranean Sea, and offers majestic views across to Morocco.
- Height: 1,398 feet (426m) above sea level
- Age: Over 200 million years old, formed during the Jurassic period
- Famous Residents: The Rock is home to about 300 Barbary apes, the only wild monkey population on the European continent
- Historical Significance: It has been fortified for centuries, with tunnels dating back to the Great Siege of 1779–1783.
Fun Fact: Did you know that the Great Siege of Gibraltar was one of the longest continuous sieges in history? It lasted over 3 years and is considered a pivotal moment in British military history.
The Strait of Gibraltar
The Strait of Gibraltar is the narrow waterway that connects the Atlantic Ocean to the Mediterranean Sea, separating Europe from Africa. It is a busy shipping lane and a fascinating place to explore.
- Width: At its narrowest point, the Strait is just 8.9 miles (14.2 kilometres) wide
- Historical Importance: Because of its strategic location between the Atlantic Ocean and the Mediterranean Sea, the Strait of Gibraltar has long been an important shipping and trade route
- Marine Life: An important migratory route for birds, and home to various species of fish, whales and dolphins
Fun Fact: The Bay of Gibraltar is a rich feeding and breeding ground for dolphins, and they regularly swim through the Strait. Join a dolphin-watching tour for a spectacular show!
History of Gibraltar
Gibraltar’s history dates back to antiquity, and it has been a site of great military importance for centuries. Below is a brief overview:
- First Inhabitants: The area was first inhabited over 30,000 years ago by Neanderthals
- Strategic Importance: Gibraltar has been militarily significant since the 8th century
- British Rule: It became a British Overseas Territory in 1713 under the Treaty of Utrecht
Read About Gibraltar’s History
Key Historical Dates:
- 1704: British forces take control during the War of Spanish Succession
- 1779-1783: The Great Siege of Gibraltar, one of the longest sieges in British military history
- 2002: Gibraltar votes overwhelmingly to remain a British Overseas Territory
Gibraltar’s Economy
Despite its small size, the territory boasts a robust and diverse economy, driven by leading sectors such as finance, shipping, tourism, and gaming.
Gibraltar is known as one of the most crypto-friendly jurisdictions in the world, and meets all the requirements when it comes to the regulation of crypto asses and cryptocurrencies. The territory has had a DLT framework in place since 2018.
- GDP per capita: Approximately £80,000 (one of the highest in the world)
- Main Industries:
- Finance: Financial services are a key sector for investment, and the territory has a well-structured regulatory framework.
- Maritime services: Gibraltar’s strategic location continues to be a major asset, establishing it as a centre of maritime excellence. According to the Gibraltar Port Authority, approximately 60,000 vessels transit the Strait of Gibraltar each year.
- Tourism: Contributes around 25% of the territory’s GDP.
- Gaming: One of the leading hubs for online gaming and betting, employing some 3,500 people in Gibraltar.
Did you know? Gibraltar has no capital gains tax and a corporate tax rate of 15%, making it an attractive base for businesses.
Tourism
Tourism is one of the most important economic pillars in Gibraltar, attracting visitors from all over the world.
- Annual Visitors: Over 10 million tourists visit each year
- Top Attractions:
- The Rock and its famous caves and tunnels
- Europa Point, offering stunning views of both Africa and Europe
- The Gibraltar Nature Reserve, home to hundreds of unique plant and animal species
Fun Fact: Gib is the only place in the world where you can see both Europe and Africa from the same spot!
Real Estate
The property market can be competitive here, driven by the tax advantages, limited land supply and proximity to Spain. However, there are plenty of opportunities, whether you’re looking to buy or rent.
- Property Prices:
- Average price for a 2-bedroom apartment: £300,000–£500,000
- Average rent for a 1-bedroom apartment: £1,100–£1,500 per month
- Top Areas to Live:
- Town Centre for easy access to shops and services
- The South District a quieter and predominantly residential area
The Border with Spain
The land border between Gibraltar and Spain is a busy external Schengen border, running east-west for a total of 0.75 miles (1.2 km).
- Crossing Time: Can take anywhere from 5 minutes to 1 hour, depending on traffic and arrivals
- Documents Required: Visitors must be in possession of a valid passport to enter Gibraltar
- Political Significance: Spain, Gibraltar and the UK have ongoing discussions about Gibraltar’s status, making the border a point of political interest.
Brexit and Gibraltar
Brexit has reshaped Gibraltar’s relationship with the European Union, but the territory has adapted with special agreements to maintain organised operations.
Key Points:
- Border and Travel:
Travel between Gibraltar and Spain requires documentation, but agreements allow for streamlined checks, particularly for cross-border workers from Spain. - Customs and Trade:
The territory is outside the EU Customs Union, meaning customs checks are necessary for goods, but the December 2020 framework agreement ensures smooth trade and movement of goods. - Status Post-Brexit:
Gibraltar remains a British Overseas Territory with a unique position in the post-Brexit era, maintaining strong ties with both the UK and Europe.
Learn More About Brexit and Gibraltar
Employment Opportunities
Gibraltar offers a variety of job opportunities, primarily in finance, tourism, and iGaming. The territory combines a career-friendly environment with an exceptional lifestyle, making it an ideal destination for career development
- Unemployment Rate: Around 1%, one of the lowest in the world
- Key Sectors for Employment:
- Finance: 10 international banks
- Tourism: Many jobs in hospitality and customer services
- Online Gaming: Gib is a hub for major online gaming companies
Weather
Gibraltar enjoys a Mediterranean climate with warm summers and mild winters, making it an appealing year-round destination.
- Average Annual Temperature: Around 20°C (68°F)
- Summer (June–August):
- Average Highs: 25°C–30°C (77°F–86°F)
- Sunshine: Up to 10 hours of sunshine per day
- Rainfall: Rare, but occasional light showers
- Winter (December–February):
- Average Highs: 14°C–18°C (57°F–64°F)
- Lows: Can drop to around 10°C (50°F)
- Rainfall: More frequent showers, but generally mild
Spring (March–May) & Autumn (September–November):
- Mild temperatures: Average highs 18°C–24°C (64°F–75°F)
- Ideal for outdoor activities: Hiking, exploring the Rock, and enjoying the area’s natural beauty
How to Get to Gibraltar
Gibraltar is well-connected to the rest of Europe and beyond, accessible by land, sea and air.
Flights:
- Gibraltar International Airport (GIB) serves as the primary gateway.
- Direct Flights: Available from the UK (e.g. London, Manchester)
- Airlines: British Airways and easyJet.
By Sea:
- Ferry to Spain: Regular ferry services run from Tangier and Ceuta to Algeciras (Spain), about 45 minutes away.
- Cruise Ships: Gibraltar is also a popular port of call for cruise ships and yachts.
By Land:
- From Spain:
- Road: You can drive into Gibraltar from the border town La Línea de la Concepción.
- On Foot: The border is open 24/7, and you can walk across in about 10 minutes from the Spanish side.
- Public Transport: Bus services run from nearby Spanish towns such as Algeciras and La Línea.
Learn More About Travelling to Gibraltar
Why Gibraltar?
Gibraltar offers a unique blend of British and Mediterranean cultures, low taxes, a dynamic job market and a high quality of life. From its stunning natural beauty to fascinating history, the territory provides plenty of opportunity and excitement.
Key Info:
- Population: Approx. 32,000 residents
- Area: 2.6 square miles (6.8 km²)
- Languages Spoken: English (official), Spanish (widely spoken)
- Currency: The official currency is the Gibraltar Pound. Pound Sterling is also accepted.
Gibraltar-City.com is your trusted source for in-depth information about this incredible destination. Whether you’re considering relocating, visiting, or simply want to discover more, we’ve got you covered!