The 2001 CIA World Factbook. United States. Central Intelligence Agency
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
Judicial branch: Supreme Court (chief justice is a nonresident); Magistrates Court (senior magistrate presides over civil and criminal divisions)
Political parties and leaders: none; all independents
Political pressure groups and leaders: none
International organization participation: ICFTU
Diplomatic representation in the US: none (overseas territory of the
UK; also claimed by Argentina)
Diplomatic representation from the US: none (overseas territory of the UK; also claimed by Argentina)
Flag description: 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
Falkland Islands (Islas Malvinas) Economy
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.
GDP: purchasing power parity - $52 million (FY95/96 est.)
GDP - real growth rate: 1% (FY95/96 est.)
GDP - per capita: purchasing power parity - $19,000 (FY95/96 est.)
GDP - composition by sector: agriculture: NA%
industry: NA%
services: NA%
Population below poverty line: NA%
Household income or consumption by percentage share: lowest 10%: NA%
highest 10%: NA%
Inflation rate (consumer prices): 3.6% (1998)
Labor force: 1,100 (est.)
Labor force - by occupation: agriculture 95% (mostly sheepherding and fishing)
Unemployment rate: full employment; labor shortage
Budget: revenues: $66.2 million
expenditures: $67.9 million, including capital expenditures of $23.2 million (FY98/99 est.)
Industries: wool and fish processing; sale of stamps and coins
Industrial production growth rate: NA%
Electricity - production: 12 million kWh (1999)
Electricity - production by source: fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (1999)
Electricity - consumption: 11.2 million kWh (1999)
Electricity - exports: 0 kWh (1999)
Electricity - imports: 0 kWh (1999)
Agriculture - products: fodder and vegetable crops; sheep, dairy products
Exports: $7.6 million (1995)
Exports - commodities: wool, hides, meat
Exports - partners: UK, Japan, Chile, NZ
Imports: $24.7 million (1995)
Imports - commodities: fuel, food and drink, building materials, clothing
Imports - partners: UK, Japan, Chile, NZ
Debt - external: $NA
Economic aid - recipient: $1.7 million (1995)
Currency: Falkland pound (FKP)
Currency code: FKP
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
Fiscal year: 1 April - 31 March
Falkland Islands (Islas Malvinas) Communications
Telephones - main lines in use: NA
Telephones - mobile cellular: NA
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
Radio broadcast stations: AM 1, FM 7, shortwave 0 (1998)
Radios: 1,000 (1997)
Television broadcast stations: 2 (operated by the British Forces
Broadcasting Service) (1997)
Televisions: 1,000 (1997)
Internet country code: .fk
Internet Service Providers (ISPs): 2 (2000)
Internet users: NA
Falkland Islands (Islas Malvinas) Transportation
Railways: 0 km
Highways: total: 440 km
paved: 50 km
unpaved: 390 km
Waterways: none
Ports and harbors: Stanley
Merchant marine: none (2000 est.)
Airports: 5 (2000 est.)
Airports - with paved runways: total: 2
2,438 to 3,047 m: 1
under 914 m: 1 (2000 est.)
Airports - with unpaved runways: total: 3
under 914 m: 3 (2000 est.)
Falkland Islands (Islas Malvinas) Military
Military branches: British Forces Falkland Islands (includes Army,
Royal Air Force, Royal Navy, and Royal Marines), Police Force
Military expenditures - dollar figure: $NA
Military expenditures - percent of GDP: NA%
Military - note: defense is the responsibility of the UK
Falkland Islands (Islas Malvinas) Transnational Issues
Disputes - international: claimed by Argentina
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