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Compare Faroe Islands (2004) - World (2001)
Compare Faroe Islands (2004) z World (2001)
| Faroe Islands (2004) | World (2001) | |
 |  | |
| Administrative divisions | none (part of the Kingdom of Denmark; self-governing overseas administrative division of Denmark); there are no first-order administrative divisions as defined by the US Government, but there are 49 municipalities | 267 nations, dependent areas, other, and miscellaneous entries |
| 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:
29.6% (male 933,647,850; female 886,681,514) 15-64 years: 63.4% (male 1,975,418,386; female 1,931,021,694) 65 years and over: 7% (male 188,760,223; female 241,449,691) (2001 est.) |
| Agriculture - products | milk, potatoes, vegetables; sheep; salmon, other fish | - |
| Airports | 1 (2003 est.) | - |
| Airports - with paved runways | total: 1
914 to 1,523 m: 1 (2004 est.) |
- |
| Area | total: 1,399 sq km
land: 1,399 sq km water: 0 sq km (some lakes and streams) |
total:
510.072 million sq km land: 148.94 million sq km water: 361.132 million sq km note: 70.8% of the world's surface is water, 29.2% is land |
| Area - comparative | eight times the size of Washington, DC | land area about 16 times the size of the US |
| 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. | Globally, the 20th century was marked by: (a) two devastating world wars; (b) the Great Depression of the 1930s; (c) the end of vast colonial empires; (d) rapid advances in science and technology, from the first airplane flight at Kitty Hawk, North Carolina (US) to the landing on the moon; (e) the Cold War between the Western alliance and the Warsaw Pact nations; (f) a sharp rise in living standards in North America, Europe, and Japan; (g) increased concerns about the environment, including loss of forests, shortages of energy and water, the drop in biological diversity, and air pollution; (h) the onset of the AIDS epidemic; and (i) the ultimate emergence of the US as the only world superpower. The planet's population continues to explode: from 1 billion in 1820, to 2 billion in 1930, 3 billion in 1960, 4 billion in 1974, 5 billion in 1988, and 6 billion in 2000. For the 21st century, the continued exponential growth in science and technology raises both hopes (e.g., advances in medicine) and fears (e.g., development of even more lethal weapons of war). |
| Birth rate | 13.89 births/1,000 population (2004 est.) | 21.37 births/1,000 population (2001 est.) |
| Budget | revenues: $488 million
expenditures: $484 million, including capital expenditures of $21 million (1999) |
- |
| Capital | Torshavn | - |
| Climate | mild winters, cool summers; usually overcast; foggy, windy | two large areas of polar climates separated by two rather narrow temperate zones from a wide equatorial band of tropical to subtropical climates |
| Coastline | 1,117 km | 356,000 km |
| Constitution | 5 June 1953 (Danish constitution) | - |
| Country name | conventional long form: none
conventional short form: Faroe Islands local long form: none local short form: Foroyar |
- |
| Currency | Danish krone (DKK) | - |
| Death rate | 8.68 deaths/1,000 population (2004 est.) | 8.93 deaths/1,000 population (2001 est.) |
| Debt - external | $64 million (1999) | $2 trillion for less developed countries (2000 est.) |
| Dependency status | part of the Kingdom of Denmark; self-governing overseas administrative division of Denmark since 1948 | - |
| Diplomatic representation from the US | none (self-governing overseas administrative division of Denmark) | - |
| Diplomatic representation in the US | none (self-governing overseas administrative division of Denmark) | - |
| 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 | - |
| Economic aid - recipient | $135 million (annual subsidy from Denmark) (1998) | traditional worldwide foreign aid $50 billion (1997 est.) |
| 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. | Growth in global output (gross world product, GWP) rose to 4.8% in 2000 from 3.5% in 1999, despite continued low growth in Japan, severe financial difficulties in other East Asian countries, and widespread dislocations in several transition economies. The US economy continued its remarkable sustained prosperity, growing at 5% in 2000, although growth slowed in fourth quarter 2000; the US accounted for 23% of GWP. The EU economies grew at 3.3% and produced 20% of GWP. China, the second largest economy in the world, continued its strong growth and accounted for 10% of GWP. Japan grew at only 1.3% in 2000; its share in GWP is 7%. As usual, the 15 successor nations of the USSR and the other old Warsaw Pact nations experienced widely different rates of growth. The developing nations also varied in their growth results, with many countries facing population increases that eat up gains in output. Externally, the nation-state, as a bedrock economic-political institution, is steadily losing control over international flows of people, goods, funds, and technology. Internally, the central government often finds its control over resources slipping as separatist regional movements - typically based on ethnicity - gain momentum, e.g., in many of the successor states of the former Soviet Union, in the former Yugoslavia, in India, and in Canada. In Western Europe, governments face the difficult political problem of channeling resources away from welfare programs in order to increase investment and strengthen incentives to seek employment. The addition of 80 million people each year to an already overcrowded globe is exacerbating the problems of pollution, desertification, underemployment, epidemics, and famine. Because of their own internal problems and priorities, the industrialized countries devote insufficient resources to deal effectively with the poorer areas of the world, which, at least from the economic point of view, are becoming further marginalized. Continued financial difficulties in East Asia, Russia, and many African nations, as well as the slowdown in US economic growth, cast a shadow over short-term global economic prospects; GWP probably will grow at 3-4% in 2001. The introduction of the euro as the common currency of much of Western Europe in January 1999, while paving the way for an integrated economic powerhouse, poses serious economic risks because of varying levels of income and cultural and political differences among the participating nations. (For specific economic developments in each country of the world in 2000, see the individual country entries.) |
| Electricity - consumption | 149.1 million kWh (2001) | - |
| Electricity - exports | 0 kWh (2001) | - |
| Electricity - imports | 0 kWh (2001) | - |
| Electricity - production | 160.4 million kWh (2001) | - |
| Electricity - production by source | - | fossil fuel:
NA% hydro: NA% nuclear: NA% other: NA% |
| Elevation extremes | lowest point: Atlantic Ocean 0 m
highest point: Slaettaratindur 882 m |
lowest point:
Bentley Subglacial Trench -2,540 m highest point: Mount Everest 8,850 m (1999 est.) |
| Environment - current issues | NA | large areas subject to overpopulation, industrial disasters, pollution (air, water, acid rain, toxic substances), loss of vegetation (overgrazing, deforestation, desertification), loss of wildlife, soil degradation, soil depletion, erosion |
| Ethnic groups | Scandinavian | - |
| Exchange rates | Danish kroner per US dollar - 6.5877 (2003), 7.89 (2002), 8.323 (2001), 8.083 (2000), 6.976 (1999) | - |
| 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 |
- |
| Exports | NA (2001) | $6 trillion (f.o.b., 2000 est.) |
| Exports - commodities | fish and fish products 94%, stamps, ships (1999) | the whole range of industrial and agricultural goods and services |
| Exports - partners | Denmark 36.7%, UK 32.1%, Netherlands 6.1%, Nigeria 5.6%, Norway 5.4% (2003) | in value, about 75% of exports from the developed countries |
| Fiscal year | calendar year | - |
| Flag description | white with a red cross outlined in blue extending to the edges of the flag; the vertical part of the cross is shifted toward the hoist side in the style of the Dannebrog (Danish flag) | - |
| GDP | purchasing power parity - $1 billion (2001 est.) | GWP (gross world product) - purchasing power parity - $43.6 trillion (2000 est.) |
| GDP - composition by sector | agriculture: 27%
industry: 11% services: 62% (1999) |
agriculture:
4% industry: 32% services: 64% (1999 est.) |
| GDP - per capita | purchasing power parity - $22,000 (2001 est.) | purchasing power parity - $7,200 (2000 est.) |
| GDP - real growth rate | 10% (2001 est.) | 4.8% (2000 est.) |
| Geographic coordinates | 62 00 N, 7 00 W | - |
| Geography - note | archipelago of 17 inhabited islands and one uninhabited island, and a few uninhabited islets; strategically located along important sea lanes in northeastern Atlantic; precipitous terrain limits habitation to small coastal lowlands | - |
| Highways | total: 463 km
paved: 454 km unpaved: 9 km (1999) |
total:
NA km paved: NA km unpaved: NA km |
| Household income or consumption by percentage share | lowest 10%: NA
highest 10%: NA |
lowest 10%:
NA% highest 10%: NA% |
| Imports | NA (2001) | $6 trillion (f.o.b., 2000 est.) |
| Imports - commodities | machinery and transport equipment 29%, consumer goods 36%, raw materials and semi-manufactures 32%, fuels, fish and salt (1999) | the whole range of industrial and agricultural goods and services |
| Imports - partners | Denmark 52.7%, Norway 22.5%, Iceland 4.7%, Germany 4.2%, UK 4% (2003) | in value, about 75% of imports by the developed countries |
| Independence | none (part of the Kingdom of Denmark; self-governing overseas administrative division of Denmark) | - |
| Industrial production growth rate | 8% (1999 est.) | 6% (2000 est.) |
| Industries | fishing, fish processing, shipbuilding, construction, handicrafts | dominated by the onrush of technology, especially in computers, robotics, telecommunications, and medicines and medical equipment; most of these advances take place in OECD nations; only a small portion of non-OECD countries have succeeded in rapidly adjusting to these technological forces; the accelerated development of new industrial (and agricultural) technology is complicating already grim environmental problems |
| 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.) |
52.61 deaths/1,000 live births (2001 est.) |
| Inflation rate (consumer prices) | 5.1% (1999) | all countries 25%; developed countries 1% to 3% typically; developing countries 5% to 60% typically (2000 est.)
note: national inflation rates vary widely in individual cases, from stable prices in Japan to hyperinflation in a number of Third World countries |
| International organization participation | IMO (associate), NC, NIB, UPU | - |
| Internet Service Providers (ISPs) | - | 10,350 (2000 est.) |
| Irrigated land | 0 sq km (1998 est.) | 2,481,250 sq km (1993 est.) |
| Judicial branch | none | - |
| Labor force | 24,250 (October 2000) | NA |
| Labor force - by occupation | fishing, fish processing, and manufacturing 33%, construction and private services 33%, public services 34% | agricultue NA%, industry NA%, services NA% |
| Land boundaries | 0 km | the land boundaries in the world total 251,480.24 km (not counting shared boundaries twice) |
| Land use | arable land: 2.14%
permanent crops: 0% other: 97.86% (2001) |
arable land:
10% permanent crops: 1% permanent pastures: 26% forests and woodland: 32% other: 31% (1993 est.) |
| Languages | Faroese (derived from Old Norse), Danish | - |
| Legal system | Danish | all members of the UN plus Switzerland are parties to the statute that established the International Court of Justice (ICJ) or World Court |
| 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 |
- |
| Life expectancy at birth | total population: 79.05 years
male: 75.6 years female: 82.51 years (2004 est.) |
total population:
63.79 years male: 62.15 years female: 65.51 years (2001 est.) |
| Literacy | definition: NA
total population: NA male: NA female: NA note: probably the same as Denmark proper |
- |
| Location | Northern Europe, island group between the Norwegian Sea and the North Atlantic Ocean, about one-half of the way from Iceland to Norway | - |
| Map references | Europe | World, Time Zones |
| Maritime claims | territorial sea: 3 nm
continental shelf: 200 nm or agreed boundaries or median line exclusive fishing zone: 200 nm or agreed boundaries or median line |
contiguous zone:
24 NM claimed by most, but can vary continental shelf: 200-m depth claimed by most or to depth of exploitation; others claim 200 NM or to the edge of the continental margin exclusive fishing zone: 200 NM claimed by most, but can vary exclusive economic zone: 200 NM claimed by most, but can vary territorial sea: 12 NM claimed by most, but can vary note: boundary situations with neighboring states prevent many countries from extending their fishing or economic zones to a full 200 NM; 43 nations and other areas that are landlocked include Afghanistan, Andorra, Armenia, Austria, Azerbaijan, Belarus, Bhutan, Bolivia, Botswana, Burkina Faso, Burundi, Central African Republic, Chad, Czech Republic, Ethiopia, Holy See (Vatican City), Hungary, Kazakhstan, Kyrgyzstan, Laos, Lesotho, Liechtenstein, Luxembourg, Malawi, Mali, Moldova, Mongolia, Nepal, Niger, Paraguay, Rwanda, San Marino, Slovakia, Swaziland, Switzerland, Tajikistan, The Former Yugoslav Republic of Macedonia, Turkmenistan, Uganda, Uzbekistan, West Bank, Zambia, Zimbabwe |
| 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.) |
- |
| Military - note | defense is the responsibility of Denmark | - |
| Military branches | no regular military forces | - |
| Military expenditures - dollar figure | NA | aggregate real expenditure on arms worldwide in 1999 remained at approximately the 1998 level, about three-quarters of a trillion dollars (1999 est.) |
| Military expenditures - percent of GDP | NA | roughly 2% of gross world product (1999 est.) |
| National holiday | Olaifest, 29 July | - |
| Nationality | noun: Faroese (singular and plural)
adjective: Faroese |
- |
| Natural hazards | NA | large areas subject to severe weather (tropical cyclones), natural disasters (earthquakes, landslides, tsunamis, volcanic eruptions) |
| Natural resources | fish, whales, hydropower, possible oil and gas | the rapid using up of nonrenewable mineral resources, the depletion of forest areas and wetlands, the extinction of animal and plant species, and the deterioration in air and water quality (especially in Eastern Europe, the former USSR, and China) pose serious long-term problems that governments and peoples are only beginning to address |
| Net migration rate | 1.41 migrant(s)/1,000 population (2004 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] | - |
| Political pressure groups and leaders | NA | - |
| Population | 46,662 (July 2004 est.) | 6,157,400,560 (July 2001 est.) |
| Population below poverty line | NA | - |
| Population growth rate | 0.66% (2004 est.) | 1.25% (2001 est.) |
| Ports and harbors | Torshavn, Klaksvik, Tvoroyri, Runavik, Fuglafjordhur | Chiba, Houston, Kawasaki, Kobe, Marseille, Mina' al Ahmadi (Kuwait), New Orleans, New York, Rotterdam, Yokohama |
| Radio broadcast stations | AM 1, FM 13, shortwave 0 (1998) | AM NA, FM NA, shortwave NA |
| Radios | - | NA |
| Railways | - | total:
1,201,337 km includes about 190,000 to 195,000 km of electrified routes of which 147,760 km are in Europe, 24,509 km in the Far East, 11,050 km in Africa, 4,223 km in South America, and 4,160 km in North America; note - fastest speed in daily service is 300 km/hr attained by France's Societe Nationale des Chemins-de-Fer Francais (SNCF) Le Train a Grande Vitesse (TGV) - Atlantique line broad gauge: 251,153 km standard gauge: 710,754 km narrow gauge: 239,430 km |
| Religions | Evangelical Lutheran | - |
| 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:
1.05 male(s)/female under 15 years: 1.05 male(s)/female 15-64 years: 1.02 male(s)/female 65 years and over: 0.78 male(s)/female total population: 1.05 male(s)/female (2001 est.) |
| Suffrage | 18 years of age; universal | - |
| Telephone system | general assessment: good international communications; good domestic facilities
domestic: digitalization was completed in 1998; both NMT (analog) and GSM (digital) mobile telephone systems are installed international: country code - 298; satellite earth stations - 1 Orion; 1 fiber-optic submarine cable to the Shetland Islands, linking the Faroe Islands with Denmark and Iceland; fiber-optic submarine cable connection to Canada-Europe cable |
general assessment:
NA domestic: NA international: NA |
| Telephones - main lines in use | 23,000 (2002) | NA |
| Telephones - mobile cellular | 30,700 (2002) | NA |
| Television broadcast stations | 3 (plus 43 low-power repeaters) (September 1995) | NA |
| Terrain | rugged, rocky, some low peaks; cliffs along most of coast | the greatest ocean depth is the Mariana Trench at 10,924 m in the Pacific Ocean |
| Total fertility rate | 2.22 children born/woman (2004 est.) | 2.73 children born/woman (2001 est.) |
| Unemployment rate | 1% (October 2000) | 30% combined unemployment and underemployment in many non-industrialized countries; developed countries typically 4%-12% unemployment (2000 est.) |
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