Antarctica/Economy

Economy - overview: No economic activity is conducted at present, except for fishing off the coast and small-scale tourism, both based abroad. 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. A total of 10,013 tourists visited in the 1998-99 summer, up from the 9,604 who visited the previous year. Nearly all of them were passengers on 16 commercial (nongovernmental) ships and several yachts that made 116 trips during the summer. Most tourist trips lasted approximately two weeks.