executive and the financial secretary), and
the governor
Legislative branch:
unicameral
Legislative Council:
elections last held 11 October 1989 (next to be held October 1994);
results - percent of vote by party NA; seats - (10 total, 8 elected)
number of seats by party NA
Judicial branch:
Supreme Court
Political parties and leaders:
NA
Member of:
ICFTU
Diplomatic representation in US:
none (dependent territory of the UK)
US diplomatic representation:
none (dependent territory of the UK)
Flag:
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

Overview:
The economy is based on sheep farming, which directly or indirectly
employs most of the work force. A few dairy herds are kept to meet
domestic consumption of milk and milk products, and crops grown are
primarily those for providing winter fodder. Exports feature shipments
of high-grade wool to the UK and the sale of postage stamps and coins.
Rich stocks of fish in the surrounding waters are not presently
exploited by the islanders. So far, efforts to establish a domestic
fishing industry have been unsuccessful. In 1987 the government began
selling fishing licenses to foreign trawlers operating within the
Falklands exclusive fishing zone. These license fees amount to more
than $40 million per year and are a primary source of income for the
government. To encourage tourism, the Falkland Islands Development
Corporation has built three lodges for visitors attracted by the
abundant wildlife and trout fishing.
National product:
GDP $NA
National product real growth rate:
NA%
National product per capita:
$NA
Inflation rate (consumer prices):
7.4% (1980-87 average)
Unemployment rate:
NA%; labor shortage
Budget:
revenues:
$62.7 million
expenditures:
$42.8 million, including capital expenditures of $NA (FY90)
Exports:
at least $14.7 million
commodities:
wool, hides and skins, and meat
partners:
UK, Netherlands, Japan (1987 est.)
Imports:
at least $13.9 million
commodities:
food, clothing, fuels, and machinery
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