Head of Government—Governor William Hugh FULLERTON (since NA 1988)
Political parties: NA
Suffrage: universal at age 18
Elections: Legislative Council—last held 3 October 1985 (next to be held October 1990); results—percent of vote by party NA; seats—(10 total, 8 elected) number of seats by party NA
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
- 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%