It is an archipelago in the South Atlantic Ocean on the Patagonian Shelf. The principal islands are about 300 mi (480 km) east of South America's southern Patagonian coast and about 752 mi (1,210 km) from Cape Dubouzet at the northern tip of the Antarctic Peninsula, at a latitude of about 52°S. The archipelago, with an area of 4,700 sq mi (12,000 km2), comprises East Falkland, West Falkland, and 776 smaller islands. As a British overseas territory, the Falklands have internal self-governance
Economy: The unemployment rate was 1% in 2016, and inflation was calculated at 1.4% in 2014.[120] Based on 2010 data, the islands have a high Human Development Index of 0.874 and a moderate Gini coefficient for income inequality of 34.17. The local currency is the Falkland Islands pound, which is pegged to the British pound sterling. The development was advanced by ship resupplying and sheep farming for high-quality wool. The main sheep breeds in the Falkland Islands are Polwarth and Corriedale
falkland islands (uk)
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