Falkland Islands - Economy
How is the economy of Falkland Islands? Based on the information we have, Falkland Islands has a British South American territorial economy; longstanding fishing industry; surging tourism prior to COVID-19 and Brexit; recent offshore hydrocarbon discoveries threaten ecotourism industries; no central bank and must have British approval on currency shifts. Key agricultural products in this country include: fodder and vegetable crops; venison, sheep, dairy products; fish, squid.
More about the economy of Falkland Islands
Labor force 1,850 (2016 est.)
Industrial production growth rate
Industries fish and wool processing; tourism
Population below poverty line
Taxes and other revenues
Fiscal year
Exchange rates
Currency Falkland pounds (FKP) per US dollar -
Exchange rates 2023 0.805 (2023 est.)
Exchange rates 2022 0.811 (2022 est.)
Exchange rates 2021 0.727 (2021)
Exchange rates 2020 0.78 (2020 est.)
Exchange rates 2019 0.783 (2019 est.)
Public debt
Public debt 2015 0% of GDP (2015 est.)
Budget surplus (+) or deficit (-)
Imports (partners) UK 73%, Spain 24%, Netherlands 1%, Ireland 0%, Switzerland 0% (2022)
Comodities Imports force refined petroleum, prefabricated buildings, aircraft, plastic products, iron structures (2022)
Exports (partners) Spain 70%, Morocco 9%, US 8%, Namibia 5%, Germany 2% (2022)
Comodities Exports force shellfish, fish, wool, sheep and goat meat, surveying equipment (2022)
Real GDP (purchasing power parity)
Real GDP (purchasing power parity) 2015 $206.4 million (2015 est.)
Real GDP (purchasing power parity) 2014 $164.5 million (2014 est.)
GDP (official exchange rate) $206.4 million (2015 est.)
Real GDP Per capita
Real GDP per capita 2015 $70,800 (2015 est.)
Real GDP per capita 2014 $63,000 (2014 est.)
GDP - composition, by sector of origin
Agriculture 41% (2015 est.)
Industry 20.6% (2015 est.)
Services 38.4% (2015 est.)
Unemployment rate
Unemployment rate 2016 1% (2016 est.)
All Important Facts about Falkland Islands

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Falkland Islands is found in South America