Economy Of The Falkland Islands
The economy of the Falkland Islands, which first involved sealing, whaling and provisioning ships, became heavily dependent on sheep farming from the 1870s to 1980. It then diversified and now has income from tourism, commercial fishing, and servicing the fishing industry as well as agriculture. The Falkland Islands have the highest standard of living in South America. The islands use the Falkland pound, which is backed by sterling.
Read more about Economy Of The Falkland Islands: Historical Development, Economic Overview, Banking, Agriculture, Fishing, Tourism, Energy and Minerals, Philately and Numismatics
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