Economic Overview
The Falkland Islands have a GDP of $105 million, and a per capita GDP of $35,400 (2002 estimate) placing the islands on a par with the United Kingdom (GDP per capita of $35,200 – 2009 estimate). The contributors to the GDP by sector (2010 forecast) are:
- Fisheries – 52.5%
- Government (including health and education) – 14.0%
- Communications, Finance and Business services – 11.4%
- Hospitality & Transport – 7.7%
- Construction – 6.6%
- Housing and other services – 3.2%
- Mining. Quarrying & Manufacturing – 2.1%
- Agriculture – 1.6%
- Utilities – 0.9%
In the 2009/10 financial year, the government revenue was £42.4 million of which £14.5 million came from fishery licences and services and £10.5 million from taxes. During the same period the government expenditure was £47.6 million.
Other economic indicators include:
Electricity - production: (2003) 22.23 million kWh
Electricity - production by source: (1998)
- fossil fuel: 70%
- wind: 30%
Electricity - consumption: (2003) 20.68 million kWh
Read more about this topic: Economy Of The Falkland Islands
Famous quotes containing the word economic:
“Motherhood is the second oldest profession in the world. It never questions age, height, religious preference, health, political affiliation, citizenship, morality, ethnic background, marital status, economic level, convenience, or previous experience.”
—Erma Bombeck (20th century)