page_title: Antarctica
section_title: Economy
hierarchical_section_title: Antarctica / Economy
caption_attribution_description: English: Camp Academia, Livingston Island in Antarctica.
context_page_description: Antarctica is Earth's southernmost continent. It contains the geographic South Pole and is situated in the Antarctic region of the Southern Hemisphere, almost entirely south of the Antarctic Circle, and is surrounded by the Southern Ocean. At 14,200,000 square kilometres, it is the fifth-largest continent and nearly twice the size of Australia. At 0.00008 people per square kilometre, it is by far the least densely populated continent. About 98% of Antarctica is covered by ice that averages 1.9 km in thickness, which extends to all but the northernmost reaches of the Antarctic Peninsula.
  Antarctica, on average, is the coldest, driest, and windiest continent, and has the highest average elevation of all the continents. Most of Antarctica is a polar desert, with annual precipitation of 200 mm along the coast and far less inland; there has been no rain there for almost 2 million years, yet 80% of the world freshwater reserves are stored there, enough to raise global sea levels by about 60 metres if all of it were to melt. The temperature in Antarctica has reached −89.2 °C, though the average for the third quarter is −63 °C.
context_section_description: There is no economic activity in Antarctica at present, except for fishing off the coast and small-scale tourism, both based outside Antarctica.
  Although coal, hydrocarbons, iron ore, platinum, copper, chromium, nickel, gold and other minerals have been found, they have not been in large enough quantities to exploit. The 1991 Protocol on Environmental Protection to the Antarctic Treaty also restricts a struggle for resources. In 1998, a compromise agreement was reached to place an indefinite ban on mining, to be reviewed in 2048, further limiting economic development and exploitation. The primary economic activity is the capture and offshore trading of fish. Antarctic fisheries in 2000–01 reported landing 112,934 tonnes.
  Small-scale "expedition tourism" has existed since 1957 and is currently subject to Antarctic Treaty and Environmental Protocol provisions, but in effect self-regulated by the International Association of Antarctica Tour Operators (IAATO). Not all vessels associated with Antarctic tourism are members of IAATO, but IAATO members account for 95% of the tourist activity. Travel is largely by small or medium ship, focusing on specific scenic locations with accessible concentrations of iconic wildlife. A total of 37,506 tourists visited during the 2006–07 Austral summer with nearly all of them coming from commercial ships; 38,478 were recorded in 2015–16. As of 2015, there are two Wells Fargo ATMs in Antarctica.
  There has been some concern over the potential adverse environmental and ecosystem effects caused by the influx of visitors. Some environmentalists and scientists have made a call for stricter regulations for ships and a tourism quota. The primary response by Antarctic Treaty Parties has been to develop, through their Committee for Environmental Protection and in partnership with IAATO, "site use guidelines" setting landing limits and closed or restricted zones on the more frequently visited sites. Antarctic sightseeing flights (which did not land) operated out of Australia and New Zealand until the fatal crash of Air New Zealand Flight 901 in 1979 on Mount Erebus, which killed all 257 aboard. Qantas resumed commercial overflights to Antarctica from Australia in the mid-1990s.
  Antarctic fisheries in 1998–99 (1 July – 30 June) reported landing 119,898 tonnes legally.
  About thirty countries maintain about seventy research stations (40-year-round or permanent, and 30 summer-only) in Antarctica, with an approximate population of 4000 in summer and 1000 in winter.
  The ISO 3166-1 alpha-2 "AQ" is assigned to the entire continent regardless of jurisdiction.  Different country calling codes and currencies are used for different settlements, depending on the administrating country.  The Antarctican dollar, a souvenir item sold in the United States and Canada, is not legal tender.
caption: Post office Tangra 1091 Antarctic postal services of the Bulgarian scientific station
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