Compare Falkland Islands (Islas Malvinas) (2003) - Falkland Islands (Islas Malvinas) (2002)

Compare Falkland Islands (Islas Malvinas) (2003) z Falkland Islands (Islas Malvinas) (2002)

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	Falkland Islands (Islas Malvinas) (2003)	Falkland Islands (Islas Malvinas) (2002)

Airports	5 (2002)	5 (2001)
Airports - with paved runways	total: 2 2,438 to 3,047 m: 1 under 914 m: 1 (2002)	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 (2002)	total: 3 3 under 914 m: 3 (2002)
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
Climate	cold marine; strong westerly winds, cloudy, humid; rain occurs on more than half of days in year; average annual rainfall is 24 inches in Stanley; occasional snow all year, except in January and February, but does not accumulate	cold marine; strong westerly winds, cloudy, humid; rain occurs on more than half of days in year; occasional snow all year, except in January and February, but does not accumulate
Disputes - international	claimed by Argentina whose forces briefly occupied it in 1982, but now declares it will no longer seek settlement by force	claimed by Argentina
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. 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, especially eco-tourism, is increasing rapidly, with about 30,000 visitors in 2001. Another large source of income is interest paid on money the government has in the bank. The British military presence also provides a sizeable economic boost.	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 - consumption	15.19 million kWh (2001)	11.2 million kWh (1999)
Electricity - exports	0 kWh (2001)	0 kWh (1999)
Electricity - imports	0 kWh (2001)	0 kWh (1999)
Electricity - production	16.33 million kWh (2001)	12 million kWh (1999)
Electricity - production by source	fossil fuel: 100% hydro: 0% nuclear: 0% other: 0% (2001)	fossil fuel: 100% hydro: 0% nuclear: 0% other: 0% (1999)
Exchange rates	Falkland pounds per US dollar - 0.67 (2002), 0.69 (2001), 0.66 (2000), 0.62 (1999), 0.6 (1998); 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 Howard PEARCE (since 3 December 2002); Chief Executive Chris SIMPKINS (since NA March 2003); Financial Secretary Derek 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	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
Exports	NA (2001)	$7.6 million (1995)
Exports - partners	Spain 76.2%, UK 9.2%, US 7.1% (2002)	UK, Japan, Chile, NZ
Flag description	blue with the flag of the UK in the upper hoist-side quadrant and the Falkland Island coat of arms centered on the outer half of the flag; the coat of arms contains a white ram (sheep raising is the major economic activity) above the sailing ship Desire (whose crew discovered the islands) with a scroll at the bottom bearing the motto DESIRE THE RIGHT	blue with the flag of the UK in the upper hoist-side quadrant and the Falkland Island coat of arms in a white disk centered on the outer half of the flag; the coat of arms contains a white ram (sheep raising is the major economic activity) above the sailing ship Desire (whose crew discovered the islands) with a scroll at the bottom bearing the motto DESIRE THE RIGHT
GDP	purchasing power parity - $75 million (2002 est.)	purchasing power parity - $52 million (1996 est.)
GDP - per capita	purchasing power parity - $25,000 (2002 est.)	purchasing power parity - $19,000
GDP - real growth rate	NA%	1%
Highways	total: 440 km paved: 50 km unpaved: 390 km (2002)	total: 550 km paved: at least 50 km unpaved: NA (2002)
Imports	NA (2001)	$24.7 million (1995)
Imports - partners	UK 57.9%, Spain 19.8%, Italy 16.7% (2002)	UK, Japan, Chile, NZ
Industries	fish and wool processing; tourism	wool and fish processing; sale of stamps and coins; tourism
Infant mortality rate	total: NA% male: NA% female: NA%	NA deaths/1,000 live births
Inflation rate (consumer prices)	3.6% (1998)	3.6% (1998) (1998)
Natural resources	fish, squid, wildlife, calcified seaweed, sphagnum moss	fish, wildlife
Population	2,967 (July 2003 est.)	2,967 (July 2002 est.)
Population growth rate	2.44% (2003 est.)	2.44% (2002 est.)
Ports and harbors	Stanley note: the primary port is located in Stanley Harbour and known locally as FIPASS (Falkland Interim Port and Storage System); the facility consists of seven permanently moored barges providing 300 meters of berthing space; it was installed by the military after 1982 and handed over to the Falkland Islands Government in 1988	Stanley
Radios	-	1,000 (1997)

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