Falkland Islands

Capital (2003 est.): Stanley (on East Falkland), 2,100

Monetary unit: Falkland Island pound

Status: Overseas territory

Area: 4,700 sq mi (12,173 sq km)

Population (July 2003 est.): 2,967

Economic summary: GDP/PPP (2002 est.): $75 million; per capita $25,000. Real growth rate: n.a. Inflation: 3.6% (1998). Unemployment: full employment; labor shortage (2001). Arable land: 0%. Agriculture: fodder and vegetable crops; sheep, dairy products. Labor force: 1,100 (est.); agriculture 95% (mostly sheepherding and fishing). Industries: fish and wool processing; tourism. Natural resources: fish, squid, wildlife, calcified seaweed, sphagnum moss. Exports: $82 million (2002): wool, hides, meat. Imports: $53 million (2002): fuel, food and drink, building materials, clothing. Major trading partners: Spain, UK, U.S., Italy (2003).

Where is Falkland Islands?