es capable of producing 500,000 barrels per day. An agreement
between Argentina and the United Kingdom in 1995 seeks to defuse
licensing and sovereignty conflicts that would dampen foreign
interest in exploiting potential oil reserves.

GDP: purchasing power parity - $NA

GDP real growth rate: NA%

GDP per capita: $NA

GDP composition by sector:
agriculture: NA%
industry: NA%
services: NA%

Inflation rate (consumer prices): NA%

Labor force: 1,100 (est.)
by occupation: agriculture 95% (mostly sheepherding)

Unemployment rate: NA%; labor shortage

Budget:
revenues: $42.7 million
expenditures: $28.5 million, including capital expenditures of $NA
(1993-94 est.)

Industries: wool and fish processing

Industrial production growth rate: NA%

Electricity:
capacity: 9,200 kW
production: 17 million kWh
consumption per capita: 7,253 kWh (1993)

Agriculture: fodder and vegetable crops; sheep farming, small
dairy herds

Exports: $5.4 million
commodities: wool, hides, meat
partners: UK, Netherlands, Japan (1992)

Imports: $26.2 million
commodities: food, clothing, timber, and machinery
partners: UK, Netherlands Antilles (Curacao), Japan (1992)

External debt: $NA

Economic aid:
recipient: ODA, $NA
note: UK, ODA and OOF bilateral commitments totaled $18 million
(1993-94)

Currency: 1 Falkland pound (LF) = 100 pence

Exchange rates: Falkland pound (LF) per US$1 - 0.6535 (January
1996), 0.6335 (1995), 0.6529 (1994), 0.6658 (1993), 0.5664 (1992),
0.5652 (1991); note - the Falkland pound is at par with the British
pound

Fiscal year: 1 April - 31 March

Transportation
--------------

Railways: 0 km

Highways:
total: 510 km
paved: 30 km
unpaved: 480 km

Ports: Stanley

Merchant marine: none

Airports:
total: 5
with paved runways 2 438 to 3 047 m: 1
with paved runways under 914 m: 4 (1995 est.)

Communications
--------------

Telephones: 1,180 (1991 est.)

Telephone system:
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

Radio broadcast stations: AM 2, FM 3, shortwave 0

Radios: 1,000 (1992 est.)

Television broadcast stations: 1 (government operated)

Televisions: NA

Defense