top of pageBackground: 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.
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
top of pageReligions:
primarily Anglican, Roman Catholic, United Free Church,
Evangelist Church, Jehovah's Witnesses, Lutheran, Seventh-Day Adventist
top of pageFlag 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
top of pageEconomy 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.
Agriculture products: predominantly sheep farming; small dairy herds; some fodder and vegetable crops
Budget: revenues $62.7 million; expenditures $41.8 million, including capital expenditures of $NA (FY90)
Exports: at least $14.7 million
Commodoties: wool, hides and skins, and meat
Partners: UK, Netherlands Antilles (Curacao), Japan (1987 est.)
Exchange rates: Falkland pound (#F) per US$1 - 0.6527 (January 1993), 0.5664 (1992), 0.5652 (1991), 0.5604 (1990), 0.6099 (1989), 0.5614 (1988; note - the Falkland pound is at par with the British pound
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