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Antarctica: Economy

Economy Antarctica
Economy - overview:
Fishing off the coast and tourism, both based abroad, account for the limited economic activity. Antarctic fisheries in 2000-01 (1 July-30 June) reported landing 112,934 metric tons. Unregulated fishing, particularly of tooth fish, is a serious problem. Allegedly illegal fishing in antarctic waters in 1998 resulted in the seizure (by France and Australia) of at least eight fishing ships. The Convention on the Conservation of Antarctic Marine Living Resources determines the recommended catch limits for marine species. A total of 12,248 tourists visited in the 2000-01 antarctic summer, down from the 14,762 who visited the previous year. Nearly all of them were passengers on 21 commercial (nongovernmental) ships and several yachts that made trips during the summer. Most tourist trips lasted approximately two weeks.

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Source: The CIA World Fact Book 2003

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