Economy of the Falkland Islands |
Currency |
1 Falkland pound = 100 pence; note - the Falkland pound is at par with the Pound Sterling |
Fiscal year |
1 April–31 March |
Trade organisations |
N/A |
Statistics [1] |
GDP ranking |
224 [2] |
GDP |
$75,000,000 (2002 est.) |
GDP growth |
N/A |
GDP per capita |
purchasing power parity - $25,000 (2002 est.) |
GDP by sector |
agriculture (NA%), Industry (NA%), Services (NA%) |
Inflation |
3.6% (1998) |
Pop below poverty line |
N/A |
Labour force |
1,100 (est.) |
Labour force by occupation |
agriculture 95% (mostly sheepherding and fishing) |
Unemployment |
full employment; labour shortage |
Main industries |
fish and wool processing; tourism |
Exports |
wool, hides, meat, squid $125 million (2004 est.) |
Main partners |
Spain 77.4%, UK 9.4%, US 4.9% (2004) |
Trading Partners [3] |
Imports |
fuel, food and drink, building materials, clothing; $90 million (2004 est.) |
Main Partners |
UK 63.2%, Spain 30.3%, France 3.6% (2004) |
Public finances [4] |
Public debt |
N/A |
Revenues |
$66.1 million |
Expenses |
$66.8 million (FY97/98 est.) |
Economic aid |
$0 (1997 est.) |
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