Falkland Islands (Islas Malvinas) (2001) | Falkland Islands (Islas Malvinas) (2002) | |
Age structure | 0-14 years:
NA% 15-64 years: NA% 65 years and over: NA% |
0-14 years: NA%
15-64 years: NA% 65 years and over: NA% |
Airports | 5 (2000 est.) | 5 (2001) |
Airports - with paved runways | total:
2 2,438 to 3,047 m: 1 under 914 m: 1 (2000 est.) |
total: 2 2
2,438 to 3,047 m: 1 under 914 m: 1 1 (2002) |
Airports - with unpaved runways | total:
3 under 914 m: 3 (2000 est.) |
total: 3 3
under 914 m: 3 (2002) |
Area | total:
12,173 sq km land: 12,173 sq km water: 0 sq km note: includes the two main islands of East and West Falkland and about 200 small islands |
total: 12,173 sq km
land: 12,173 sq km water: 0 sq km note: includes the two main islands of East and West Falkland and about 200 small islands |
Budget | revenues:
$66.2 million expenditures: $67.9 million, including capital expenditures of $23.2 million (FY98/99 est.) |
revenues: $66.2 million
expenditures: $67.9 million, including capital expenditures of $23.2 million |
Country name | conventional long form:
none conventional short form: Falkland Islands (Islas Malvinas) |
conventional long form: none
conventional short form: Falkland Islands (Islas Malvinas) |
Economic aid - recipient | $1.7 million (1995) | none |
Economy - overview | The economy was formerly based on agriculture, mainly sheep farming, but today fishing contributes the bulk of economic activity. In 1987 the government began selling fishing licenses to foreign trawlers operating within the Falklands exclusive fishing zone. These license fees total more than $40 million per year, which goes to support the island's health, education, and welfare system. Squid accounts for 75% of the fish taken. Dairy farming supports domestic consumption; crops furnish winter fodder. Exports feature shipments of high-grade wool to the UK and the sale of postage stamps and coins. To encourage tourism, the Falkland Islands Development Corporation has built three lodges for visitors attracted by the abundant wildlife and trout fishing. The islands are now self-financing except for defense. The British Geological Survey announced a 200-mile oil exploration zone around the islands in 1993, and early seismic surveys suggest substantial reserves capable of producing 500,000 barrels per day; to date no exploitable site has been identified. An agreement between Argentina and the UK in 1995 seeks to defuse licensing and sovereignty conflicts that would dampen foreign interest in exploiting potential oil reserves. | The economy was formerly based on agriculture, mainly sheep farming, but today fishing contributes the bulk of economic activity. In 1987 the government began selling fishing licenses to foreign trawlers operating within the Falklands exclusive fishing zone. These license fees total more than $40 million per year, which goes to support the island's health, education, and welfare system. Squid accounts for 75% of the fish taken. Dairy farming supports domestic consumption; crops furnish winter fodder. Exports feature shipments of high-grade wool to the UK and the sale of postage stamps and coins. The islands are now self-financing except for defense. The British Geological Survey announced a 200-mile oil exploration zone around the islands in 1993, and early seismic surveys suggest substantial reserves capable of producing 500,000 barrels per day; to date no exploitable site has been identified. An agreement between Argentina and the UK in 1995 seeks to defuse licensing and sovereignty conflicts that would dampen foreign interest in exploiting potential oil reserves. Tourism is increasing rapidly, with about 30,000 visitors in 2001. The second largest source of income is interest paid on money the government has in the bank. The British military presence also provides a sizeable economic boost. |
Electricity - production by source | fossil fuel:
100% hydro: 0% nuclear: 0% other: 0% (1999) |
fossil fuel: 100%
hydro: 0% nuclear: 0% other: 0% (1999) |
Elevation extremes | lowest point:
Atlantic Ocean 0 m highest point: Mount Usborne 705 m |
lowest point: Atlantic Ocean 0 m
highest point: Mount Usborne 705 m |
Environment - current issues | NA | overfishing by unlicensed vessels is a problem; reindeer were introduced to the islands in 2001 for commercial reasons; this is the only commercial reindeer herd in the world unaffected by the Chornobyl disaster |
Exchange rates | Falkland pounds per US dollar - 0.6764 (January 2001), 0.6596 (2000), 0.6180 (1999), 0.6037 (1998), 0.6106 (1997), 0.6403 (1996); note - the Falkland pound is at par with the British pound | Falkland pounds per US dollar - 0.6981 (January 2002), 0.6944 (2001), 0.6596 (2000), 0.6180 (1999), 0.6037 (1998), 0.6106 (1997); note - the Falkland pound is at par with the British pound |
Executive branch | chief of state:
Queen ELIZABETH II (since 6 February 1952) head of government: Governor Donald LAMONT (since NA May 1999); Chief Executive A. M. GURR (since NA); Financial Secretary D. F. HOWATT (since NA) cabinet: Executive Council; three members elected by the Legislative Council, two ex officio members (chief executive and the financial secretary), and the governor elections: none; the monarch is hereditary; governor appointed by the monarch |
chief of state: Queen ELIZABETH II (since 6 February 1952)
head of government: Governor Howard PEARCE (since 3 December 2002); Chief Executive A. M. GURR (since NA); Financial Secretary D. F. HOWATT (since NA) cabinet: Executive Council; three members elected by the Legislative Council, two ex officio members (chief executive and the financial secretary), and the governor elections: none; the monarchy is hereditary; governor appointed by the monarch |
GDP | purchasing power parity - $52 million (FY95/96 est.) | purchasing power parity - $52 million (1996 est.) |
GDP - composition by sector | agriculture:
NA% industry: NA% services: NA% |
agriculture: NA%
industry: NA% services: NA% |
GDP - per capita | purchasing power parity - $19,000 (FY95/96 est.) | purchasing power parity - $19,000 |
GDP - real growth rate | 1% (FY95/96 est.) | 1% |
Highways | total:
440 km paved: 50 km unpaved: 390 km |
total: 550 km
paved: at least 50 km unpaved: NA (2002) |
Household income or consumption by percentage share | lowest 10%:
NA% highest 10%: NA% |
lowest 10%: NA%
highest 10%: NA% |
Industries | wool and fish processing; sale of stamps and coins | wool and fish processing; sale of stamps and coins; tourism |
Inflation rate (consumer prices) | 3.6% (1998) | 3.6% (1998) (1998) |
Judicial branch | Supreme Court (chief justice is a nonresident); Magistrates Court (senior magistrate presides over civil and criminal divisions) | Supreme Court (chief justice is a nonresident); Magistrates Court (senior magistrate presides over civil and criminal divisions); Court of Summary Jurisdiction |
Land use | arable land:
0% permanent crops: 0% permanent pastures: 99% forests and woodland: 0% other: 1% (1993 est.) |
arable land: 0%
permanent crops: 0% other: 100% (99% permanent pastures, 1% other) (1998 est.) |
Legislative branch | unicameral Legislative Council (10 seats - 2 ex officio, 8 elected by popular vote, members serve four-year terms) presided over by the governor
elections: last held 9 October 1997 (next to be held NA October 2001) election results: percent of vote - NA%; seats - independents 8 |
unicameral Legislative Council (10 seats - 2 ex officio, 8 elected by popular vote, members serve four-year terms); presided over by the governor
elections: last held 22 November 2001 (next to be held NA November 2005) election results: percent of vote - NA%; seats - independents 8; note - 71% voter turnout |
Life expectancy at birth | total population:
NA years male: NA years female: NA years |
total population: NA years
male: NA years female: NA years |
Maritime claims | continental shelf:
200 NM exclusive fishing zone: 200 NM territorial sea: 12 NM |
continental shelf: 200 NM
exclusive fishing zone: 200 NM territorial sea: 12 NM |
Merchant marine | none (2000 est.) | none (2002 est.) |
Military branches | British Forces Falkland Islands (includes Army, Royal Air Force, Royal Navy, and Royal Marines), Police Force | British Forces Falkland Islands no regular indigenous military forces; (includes Army, Royal Air Force, and Royal Navy), Police Force |
Nationality | noun:
Falkland Islander(s) adjective: Falkland Island |
noun: Falkland Islander(s)
adjective: Falkland Island |
Population | 2,895 (July 2001 est.) | 2,967 (July 2002 est.) |
Population growth rate | 2.43% (2001 est.) | 2.44% (2002 est.) |
Telephone system | general assessment:
NA domestic: government-operated radiotelephone and private VHF/CB radiotelephone networks provide effective service to almost all points on both islands international: satellite earth station - 1 Intelsat (Atlantic Ocean) with links through London to other countries |
general assessment: NA
domestic: government-operated radiotelephone and private VHF/CB radiotelephone networks provide effective service to almost all points on both islands international: satellite earth station - 1 Intelsat (Atlantic Ocean) with links through London to other countries |
Television broadcast stations | 2 (operated by the British Forces Broadcasting Service) (1997) | 2 (operated by the British Forces Broadcasting Service)
note: cable television is available in Stanley (2002) |