_#_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. 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.
_#_GDP: $NA, per capita $NA; real growth rate NA%
_#_Inflation rate (consumer prices): 7.4% (1980-87 average)
_#_Unemployment rate: NA%; labor shortage
_#_Budget: revenues $62.7 million; expenditures $41.8 million, excluding capital expenditures of $NA (FY90)
_#_Exports: at least $14.7 million;
commodities—wool, hides and skins, and other;
partners—UK, Netherlands, Japan (1987 est.)