ands) with a scroll at the bottom bearing the motto DESIRE THE
RIGHT

- 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. Major sources of income are from the export
of high-grade wool to the UK and the sale of stamps and coins. Rich stocks of
fish in the surrounding waters are not presently exploited by the islanders, but
development plans called for the islands to have six trawlers by 1989.
In 1987 the government began to sell fishing licenses to foreign trawlers
operating within the Falklands exclusive fishing zone. These license
fees amount to more than $25 million per year. To encourage tourism, the
Falkland Islands Development Corporation has built three lodges for
visitors who are attracted by the abundant wildlife and trout fishing.

GNP: $NA, per capita $NA; real growth rate NA%

Inflation rate (consumer prices): NA%

Unemployment rate: 0%

Budget: revenues $11 million; expenditures $11.8 million,
including capital expenditures of $1.2 million (FY87)

Exports: at least $14.7 million;
commodities--wool, hides and skins, and other;
partners--UK, Netherlands, Japan (1987 est.)

Imports: at least $13.9 million;
commodities--food, clothing, fuels, and machinery;
partners--UK, Netherlands Antilles (Curacao), Japan (1987 est.)

External debt: $NA

Industrial production: growth rate NA%

Electricity: 9,200 kW capacity; 17 million kWh produced, 8,700 kWh per
capita (1989)

Industries: wool processing

Agriculture: predominantly sheep farming; small dairy herds and
fodder crops

Aid: Western (non-US) countries, ODA and OOF bilateral commitments
(1970-87), $102 million

Currency: Falkland pound (plural--pounds); 1 Falkland pound
(LF) = 100 pence

Exchange rates: Falkland pound (LF) per US$1--0.6055 (January 1990),
0.6099 (1989), 0.5614 (1988), 0.6102 (1987), 0.6817 (1986), 0.7714 (1985);
note--the Falkland pound is at par with the British pound

Fiscal year: 1 April-31 March

- Communications
Highways: 510 km total; 30 km paved, 80 km gravel, and 400 km unimproved
earth

Ports: Port Stanley

Civil air: no major transport aircraft

Airports: 5 total, 5 usable; 2 with permanent-surface runways;
none with runways over 3,659 m; 1 with runways 2,440-3,659 m;
none with runways 1,220 to