Background: Although first sighted by an English navigator in 1592 the first landing (English) did not occur until almost a century later in 1690 and the first settlement (French) was not established until 1764. The colony was turned over to Spain two years later and the islands have since been the subject of a territorial dispute first between Britain and Spain then between Britain and Argentina. The UK asserted its claim to the islands by establishing a naval garrison there in 1833. Argentina invaded the islands on 2 April 1982. The British responded with an expeditionary force that landed seven weeks later and after fierce fighting forced Argentine surrender on 14 June 1982.
Area Total: 12,173 km² Note: includes the two main islands of East and West Falkland and about 200 small islands Water: 0 km² Land: 12,173 km² Comparative: slightly smaller than Connecticut
Climate: cold marine; strong westerly winds cloudy humid; rain occurs on more than half of days in year; occasional snow all year except in January and February but does not accumulate
Terrain: rocky hilly mountainous with some boggy undulating plains
Environment Current issues: overfishing by unlicensed vessels is a problem; reindeer were introduced to the islands in 2000 for commercial reasons; this is the only commercial reindeer herd in the world unaffected by the Chornobyl disaster
Executive branch Chief of state: Queen ELIZABETH II (since 6 February 1952) Elections: none; the monarchy is hereditary; governor appointed by the monarch Head of government: Governor Howard PEARCE (since 3 December 2000); Chief Executive A. M. GURR (since NA); Financial Secretary D. F. HOWATT (since NA) Cabinet: Executive Council; three members elected by the Legislative Council, two ex officio members (chief executive and the financial secretary), and the governor
Legislative branch Elections: last held 22 November 2000 (next to be held NA November 2005) Election results: percent of vote - NA%; seats - independents 8; note - 71% voter turnout
Judicial branch: Supreme Court (chief justice is a nonresident); Magistrates Court (senior magistrate presides over civil and criminal divisions); Court of Summary Jurisdiction
Flag description: 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 was formerly based on agriculture mainly sheep farming but today fishing contributes the bulk of economic activity. In 1987 the government began selling fishing licenses to foreign trawlers operating within the Falklands exclusive fishing zone. These license fees total more than $40 million per year which goes to support the island's health education and welfare system. Squid accounts for 75% of the fish taken. Dairy farming supports domestic consumption; crops furnish winter fodder. Exports feature shipments of high-grade wool to the UK and the sale of postage stamps and coins. The islands are now self-financing except for defense. The British Geological Survey announced a 200-mile oil exploration zone around the islands in 1993 and early seismic surveys suggest substantial reserves capable of producing 500,000 barrels per day; to date no exploitable site has been identified. An agreement between Argentina and the UK in 1995 seeks to defuse licensing and sovereignty conflicts that would dampen foreign interest in exploiting potential oil reserves. Tourism is increasing rapidly with about 30,000 visitors in 2000. The second largest source of income is interest paid on money the government has in the bank. The British military presence also provides a sizeable economic boost.
Exchange rates: Falkland pounds per US dollar - 0.6981 (January 2000) 0.6944 (2000) 0.6596 (2000) 0.6180 (1999) 0.6037 (1998) 0.6106 (1997); note - the Falkland pound is at par with the British pound
Telephone system General assessment: NA Domestic: government-operated radiotelephone and private VHF/CB radiotelephone networks provide effective service to almost all points on both islands International: satellite earth station - 1 Intelsat (Atlantic Ocean) with links through London to other countries