Basic details about Falkland Islands (Islas Malvinas)
Population:
3,662 (2021 est.)
Area:
12,173 sq km
Currency:
Falkland pounds
Languages:
English 89, Spanish 7.7, other 3.3
Economic Overview
Key economic indicators for Falkland Islands (Islas Malvinas)
GDP:
$206.4 million
GDP per Capita:
$70,800
GDP Growth:
25.5%
Inflation:
1.4%
Unemployment:
1%
Public Debt:
0% of GDP
Political System
Governance structure of Falkland Islands (Islas Malvinas)
Government Type:
parliamentary democracy (Legislative Assembly); self-governing overseas territory of the UK
Head of State:
King CHARLES III (since 8 September 2022); represented by Governor Alison BLAKE (since 23 July 2022)
Head of Government:
Chief Executive Andy KEELING (since April 2021)
Judiciary:
Court of Appeal (consists of the court president, the chief justice as an ex officio non-resident member, and 2 justices of appeal); Supreme Court (consists of the chief justice); note - appeals beyond the Court of Appeal are referred to the Judicial Committee of the Privy Council (in London)
Administrative Divisions:
none (administered by the UK; claimed by Argentina)
Major Political Parties
Not specified
International Relations
Global position and alliances
UN Member:
No
EU Member:
No
Diplomatic Presence:
none (administered by the UK; claimed by Argentina)
Major Alliances and Organizations
Economic Sectors & Trade
Detailed economic breakdown
Major Economic Sectors
Agriculture
41% (2015 est.)
Industry
20.6% (2015 est.)
Services
38.4% (2015 est.)
Trade Volume
Exports:
$257.3 million
Major Trading Partners
Spain 68
Morocco 10
USA 8
Namibia 3
Germany 2
Economic Outlook
Falkland Islands (Islas Malvinas) has a 25.5% GDP growth rate with 1.4% inflation. The economy is characterized by a strong agriculture sector.