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Compare Faroe Islands (2004) - Faroe Islands (2006)

Compare Faroe Islands (2004) z Faroe Islands (2006)

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 Faroe Islands (2004)Faroe Islands (2006)
 Faroe IslandsFaroe Islands
Age structure 0-14 years: 21.6% (male 5,056; female 5,041)


15-64 years: 64.6% (male 15,975; female 14,187)


65 years and over: 13.7% (male 2,877; female 3,526) (2004 est.)
0-14 years: 20.9% (male 4,940/female 4,952)


15-64 years: 65.1% (male 16,247/female 14,522)


65 years and over: 13.9% (male 2,976/female 3,609) (2006 est.)
Airports 1 (2003 est.) 1 (2006)
Airports - with paved runways total: 1


914 to 1,523 m: 1 (2004 est.)
total: 1


914 to 1,523 m: 1 (2006)
Background The population of the Faroe Islands is largely descended from Viking settlers who arrived in the 9th century. The islands have been connected politically to Denmark since the 14th century. A high degree of self-government was attained in 1948. The population of the Faroe Islands is largely descended from Viking settlers who arrived in the 9th century. The islands have been connected politically to Denmark since the 14th century. A high degree of self government was attained in 1948.
Birth rate 13.89 births/1,000 population (2004 est.) 14.05 births/1,000 population (2006 est.)
Budget revenues: $488 million


expenditures: $484 million, including capital expenditures of $21 million (1999)
revenues: $488 million


expenditures: $484 million; including capital expenditures of $21 million (1999)
Capital Torshavn name: Torshavn


geographic coordinates: 62 01 N, 6 46 W


time difference: UTC (5 hours ahead of Washington, DC during Standard Time)


daylight saving time: +1hr, begins last Sunday in March; ends last Sunday in October
Currency Danish krone (DKK) -
Death rate 8.68 deaths/1,000 population (2004 est.) 8.7 deaths/1,000 population (2006 est.)
Disputes - international Faroese are considering proposals for full independence; Denmark dispute with Iceland over the Faroe Islands fisheries median line boundary of 200 nm; Denmark disputes with Iceland, the UK, and Ireland the Faroe Islands claim extending its continental shelf boundary beyond 200 nm because anticipated offshore hydrocarbon resources have not been realized, earlier Faroese proposals for full independence have been deferred; Iceland disputes the Faroe Islands' fisheries median line boundary; Iceland, the UK, and Ireland dispute Denmark's claim that the Faroe Islands' continental shelf extends beyond 200 nm
Economy - overview The Faroese economy has had a strong performance since 1994, mostly as a result of increasing fish landings and high and stable export prices. Unemployment is falling and there are signs of labor shortages in several sectors. The positive economic development has helped the Faroese Home Rule Government produce increasing budget surpluses, which in turn help to reduce the large public debt, most of it owed to Denmark. However, the total dependence on fishing makes the Faroese economy extremely vulnerable, and the present fishing efforts appear in excess of what is a sustainable level of fishing in the long term. Oil finds close to the Faroese area give hope for deposits in the immediate Faroese area, which may eventually lay the basis for a more diversified economy and thus lessen dependence on Danish economic assistance. Aided by a substantial annual subsidy (15% of GDP) from Denmark, the Faroese have a standard of living not far below the Danes and other Scandinavians. The Faroese economy has had a strong performance since 1994, mostly as a result of increasing fish landings and high and stable export prices. Unemployment is minimal and there are signs of labor shortages in several sectors. The positive economic development has helped the Faroese Home Rule Government produce increasing budget surpluses, which in turn have helped reduce the large public debt, most of it owed to Denmark. However, the total dependence on fishing makes the Faroese economy extremely vulnerable, and the present fishing efforts appear in excess of what is a sustainable level of fishing in the long term. Oil finds close to the Faroese area give hope for deposits in the immediate Faroese area, which may eventually lay the basis for a more diversified economy and thus lessen dependence on Danish economic assistance. Aided by a substantial annual subsidy (about 15% of GDP) from Denmark, the Faroese have a standard of living not far below the Danes and other Scandinavians.
Electricity - consumption 149.1 million kWh (2001) 242 million kWh (2003)
Electricity - exports 0 kWh (2001) 0 kWh (2003)
Electricity - imports 0 kWh (2001) 0 kWh (2003)
Electricity - production 160.4 million kWh (2001) 260.2 million kWh (2003)
Exchange rates Danish kroner per US dollar - 6.5877 (2003), 7.89 (2002), 8.323 (2001), 8.083 (2000), 6.976 (1999) Danish kroner per US dollar - 5.9969 (2005), 5.9911 (2004), 6.5877 (2003), 7.8947 (2002), 8.3228 (2001)
Executive branch chief of state: Queen MARGRETHE II of Denmark (since 14 January 1972), represented by High Commissioner Birgit KLEIS, chief administrative officer (since 1 November 2001)


head of government: Prime Minister Joannes EIDESGAARD (since 3 February 2004)


cabinet: Landsstyri appointed by the prime minister


elections: the monarch is hereditary; high commissioner appointed by the monarch; following legislative elections, the leader of the majority party or the leader of the majority coalition is usually elected prime minister by the Faroese Parliament; election last held 20 January 2004 (next to be held no later than January 2008)


election results: Joannes EIDESGAARD elected prime minister; percent of parliamentary vote - NA%


note: coalition of Social Democrats, Union Party, and People's Party
chief of state: Queen MARGRETHE II of Denmark (since 14 January 1972), represented by High Commissioner Birgit KLEIS, chief administrative officer (since 1 November 2001)


head of government: Prime Minister Joannes EIDESGAARD (since 3 February 2004)


cabinet: Landsstyri appointed by the prime minister


elections: the monarch is hereditary; high commissioner appointed by the monarch; following legislative elections, the leader of the majority party or the leader of the majority coalition is usually elected prime minister by the Faroese Parliament; election last held 20 January 2004 (next to be held no later than January 2008)


election results: Joannes EIDESGAARD elected prime minister; percent of parliamentary vote - NA
Exports NA (2001) NA bbl/day
Exports - partners Denmark 36.7%, UK 32.1%, Netherlands 6.1%, Nigeria 5.6%, Norway 5.4% (2003) Denmark 38.2%, UK 29.6%, Nigeria 8.9%, Norway 6.1%, Netherlands 4.3% (2005)
GDP purchasing power parity - $1 billion (2001 est.) -
GDP - per capita purchasing power parity - $22,000 (2001 est.) -
Highways total: 463 km


paved: 454 km


unpaved: 9 km (1999)
-
Household income or consumption by percentage share lowest 10%: NA


highest 10%: NA
lowest 10%: NA%


highest 10%: NA%
Imports NA (2001) NA bbl/day
Imports - commodities machinery and transport equipment 29%, consumer goods 36%, raw materials and semi-manufactures 32%, fuels, fish and salt (1999) consumer goods 36%, raw materials and semi-manufactures 32%, machinery and transport equipment 29%, fuels, fish, salt (1999)
Imports - partners Denmark 52.7%, Norway 22.5%, Iceland 4.7%, Germany 4.2%, UK 4% (2003) Denmark 46.2%, Norway 18.2%, Germany 8.2%, Spain 7.5%, Iceland 4.8% (2005)
Industries fishing, fish processing, shipbuilding, construction, handicrafts fishing, fish processing, small ship repair and refurbishment, handicrafts
Infant mortality rate total: 6.38 deaths/1,000 live births


male: 7.72 deaths/1,000 live births


female: 5.03 deaths/1,000 live births (2004 est.)
total: 6.12 deaths/1,000 live births


male: 7.4 deaths/1,000 live births


female: 4.85 deaths/1,000 live births (2006 est.)
International organization participation IMO (associate), NC, NIB, UPU Arctic Council, IMO (associate), NC, NIB, UPU
Irrigated land 0 sq km (1998 est.) 0 sq km
Labor force - by occupation fishing, fish processing, and manufacturing 33%, construction and private services 33%, public services 34% agriculture: 33%


industry: 33%


services: 34%
Land use arable land: 2.14%


permanent crops: 0%


other: 97.86% (2001)
arable land: 2.14%


permanent crops: 0%


other: 97.86% (2005)
Legislative branch unicameral Faroese Parliament or Logting (32 seats; members are elected by popular vote on a proportional basis from the seven constituencies to serve four-year terms)


elections: last held 20 January 2004 (next to be held no later than January 2008)


election results: percent of vote by party - Union Party 23.7%, Social Democrats 21.8%, Republican Party 21.7%, People's Party 20.6%, Center Party 5.2%, Independence Party 4.6%; seats by party - Union Party 7, Social Democrats 7, Republican Party 8, People's Party 7, Center Party 2, Independence Party 1


note: election of 2 seats to the Danish Parliament was last held on 20 November 2001 (next to be held 8 February 2005); results - percent of vote by party - NA; seats by party - Republican Party 1, Union Party 1
unicameral Faroese Parliament or Logting (32 seats; members are elected by popular vote on a proportional basis from the seven constituencies to serve four-year terms)


elections: last held 20 January 2004 (next to be held no later than January 2008)


election results: percent of vote by party - Union Party 23.7%, Social Democratic Party 21.8%, Republican Party 21.7%, People's Party 20.6%, Center Party 5.2%, Independence Party 4.6%; seats by party - Union Party 7, Social Democratic Party 7, Republican Party 8, People's Party 7, Center Party 2, Independence Party 1


note: election of two seats to the Danish Parliament was last held on 8 February 2005 (next to be held February 2009); results - percent of vote by party - NA; seats by party - Republican Party 1, People's Party 1
Life expectancy at birth total population: 79.05 years


male: 75.6 years


female: 82.51 years (2004 est.)
total population: 79.35 years


male: 75.91 years


female: 82.8 years (2006 est.)
Literacy definition: NA


total population: NA


male: NA


female: NA


note: probably the same as Denmark proper
definition: NA


total population: NA%


male: NA%


female: NA%


note: probably 100%, the same as Denmark proper
Merchant marine total: 7 ships (1,000 GRT or over) 24,051 GRT/11,998 DWT


by type: cargo 3, container 1, petroleum tanker 1, roll on/roll off 1, short-sea/passenger 1


foreign-owned: Denmark 2, Norway 1, United Kingdom 1


registered in other countries: 1 (2004 est.)
total: 18 ships (1000 GRT or over) 19,265 GRT/9,171 DWT


by type: cargo 10, container 2, passenger/cargo 4, petroleum tanker 2


foreign-owned: 8 (Iceland 4, Norway 4) (2006)
National holiday Olaifest, 29 July Olaifest (Olavasoka), 29 July
Net migration rate 1.41 migrant(s)/1,000 population (2004 est.) 0.47 migrant(s)/1,000 population (2006 est.)
Political parties and leaders Center Party [Jenis A. RANA]; Independence Party [Helena Dam a NEYSTABO]; People's Party [Anfinn KALLSBERG]; Republican Party [Hogni HOYDAL]; Social Democratic Party [Joannes EIDESGAARD]; Union Party [Lisbeth PETERSEN] Center Party [Jenis A. RANA]; Independence Party [Kari P. HOJGAARD]; People's Party [Anfinn KALLSBERG]; Republican Party [Hogni HOYDAL]; Social Democratic Party [Joannes EIDESGAARD]; Union Party [Kaj Leo JOHANNESEN]
Population 46,662 (July 2004 est.) 47,246 (July 2006 est.)
Population below poverty line NA NA%
Population growth rate 0.66% (2004 est.) 0.58% (2006 est.)
Ports and harbors Torshavn, Klaksvik, Tvoroyri, Runavik, Fuglafjordhur -
Sex ratio at birth: 1 male(s)/female


under 15 years: 1 male(s)/female


15-64 years: 1.13 male(s)/female


65 years and over: 0.82 male(s)/female


total population: 1.05 male(s)/female (2004 est.)
at birth: 1 male(s)/female


under 15 years: 1 male(s)/female


15-64 years: 1.12 male(s)/female


65 years and over: 0.83 male(s)/female


total population: 1.05 male(s)/female (2006 est.)
Telephones - main lines in use 23,000 (2002) 23,800 (2005)
Telephones - mobile cellular 30,700 (2002) 42,500 (2005)
Total fertility rate 2.22 children born/woman (2004 est.) 2.17 children born/woman (2006 est.)
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