Antarctica Economy 2001

Economy - overview: Fishing off the coast and tourism, both based abroad, account for the limited economic activity. Antarctic fisheries in 1998-99 (1 July-30 June) reported landing 119,898 metric tons. Unregulated fishing landed five to six times more than the regulated fishery, and allegedly illegal fishing in antarctic waters in 1998 resulted in the seizure (by France and Australia) of at least eight fishing ships. Companies interested in commercial fishing activities in Antarctica have put forward proposals. The Convention on the Conservation of Antarctic Marine Living Resources determines the recommended catch limits for marine species. A total of 13,193 tourists visited in the 1999-2000 summer, up from the 10,013 who visited the previous year. Nearly all of them were passengers on 24 commercial (nongovernmental) ships and several yachts that made 143 trips during the summer. Most tourist trips lasted approximately two weeks.

NOTE: The information regarding Antarctica on this page is re-published from the 2001 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Antarctica Economy 2001 information contained here. All suggestions for corrections of any errors about Antarctica Economy 2001 should be addressed to the CIA.