It is a British Overseas Territory and city located at the southern tip of the Iberian Peninsula. It has an area of 6.7 km2 (2.6 sq mi) and is bordered to the north by Spain. The landscape is dominated by the Rock of Gibraltar, at the foot of which is a densely populated town area. The sovereignty of Gibraltar is a point of contention in Anglo-Spanish relations, as Spain asserts a claim to the territory. Gibraltarians overwhelmingly rejected proposals for Spanish sovereignty in a 1967 referendum
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Economy:
The British military traditionally dominated Gibraltar's economy, with the naval dockyard providing the bulk of economic activity. This, however, has diminished over the last 20 years and is estimated to account for only 7 per cent of the local economy, compared to over 60 per cent in 1984. Today, Its economy is dominated by four main sectors: financial services, online gambling, shipping, and tourism, which includes duty-free retail sales to visitors. The territory also has a small manufacturing sector
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