,376
metric tons of Patagonian and Antarctic toothfish. In the 2006-07
Antarctic summer, 35,552 tourists visited the Southern Ocean,
compared to 29,799 in 2005-2006 (estimates provided to the Antarctic
Treaty by the International Association of Antarctica Tour Operators
(IAATO), and does not include passengers on overflights and those
flying directly in and out of Antarctica).

Spain
The Spanish economy boomed from 1986 to 1990 averaging 5%
annual growth. After a European-wide recession in the early 1990s,
the Spanish economy resumed moderate growth starting in 1994.
Spain's mixed capitalist economy supports a GDP that on a per capita
basis is equal to that of the leading West European economies. The
center-right government of former President Jose Maria AZNAR
successfully worked to gain admission to the first group of
countries launching the European single currency (the euro) on 1
January 1999. The AZNAR administration continued to advocate
liberalization, privatization, and deregulation of the economy and
introduced some tax reforms to that end. Unemployment fell steadily
under the AZNAR administration but remains high at 7.6%. Growth
averaging more than 3% annually during 2003-07 was satisfactory
given the background of a faltering European economy. The Socialist
president, Jose Luis Rodriguez ZAPATERO, has made mixed progress in
carrying out key structural reforms, which need to be accelerated
and deepened to sustain Spain's economic growth. Despite the
economy's relative solid footing significant downside risks remain
including Spain's continued loss of competitiveness, the potential
for a housing market collapse, the country's changing demographic
profile, and a decline in EU structural funds.

Spratly Islands
Economic activity is limited to commercial fishing.
The proximity to nearby oil- and gas-producing sedimentary basins
suggests the potential for oil and gas deposits, but the region is
largely unexplored. There are no reliable estimates of potential
reserves. Commercial exploitation has yet to be developed.

Sri Lanka
In 1977, Colombo abandoned statist economic policies and
its import substitution trade policy for more market-oriented
policies, export-oriented trade, and encouragement of foreign
investment. Recent changes in government, however, have brought some
policy reversals. Currently, the ruling Sri Lanka Freedom Party ha