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
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