Compare Faroe Islands (2005) - Faroe Islands (2002)

Compare Faroe Islands (2005) z Faroe Islands (2002)

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	Faroe Islands (2005)	Faroe Islands (2002)

Age structure	0-14 years: 21.3% (male 4,997/female 4,999) 15-64 years: 64.9% (male 16,120/female 14,360) 65 years and over: 13.8% (male 2,923/female 3,563) (2005 est.)	0-14 years: 22.3% (male 5,149; female 5,110) 15-64 years: 64% (male 15,650; female 13,801) 65 years and over: 13.7% (male 2,818; female 3,483) (2002 est.)
Airports	1 (2004 est.)	1 (2001)
Airports - with paved runways	total: 1 914 to 1,523 m: 1 (2004 est.)	total: 1 914 to 1,523 m: 1 (2002)
Birth rate	13.97 births/1,000 population (2005 est.)	13.74 births/1,000 population (2002 est.)
Currency	-	Danish krone (DKK)
Death rate	8.69 deaths/1,000 population (2005 est.)	8.69 deaths/1,000 population (2002 est.)
Disputes - international	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	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 over the Faroe Islands continental shelf boundary outside 200 NM
Economic aid - recipient	$135 million (annual subsidy from Denmark) (1998)	$135 million (annual subsidy from Denmark) (1999)
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 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 has helped 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 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 Denmark and 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.
Electricity - consumption	204.6 million kWh (2002)	153.45 million kWh (2000)
Electricity - exports	0 kWh (2002)	0 kWh (2000)
Electricity - imports	0 kWh (2002)	0 kWh (2000)
Electricity - production	220 million kWh (2002)	165 million kWh (2000)
Electricity - production by source	-	fossil fuel: 61% hydro: 39% nuclear: 0% other: 0% (2000)
Exchange rates	Danish kroner per US dollar - 5.9911 (2004), 6.5877 (2003), 7.8947 (2002), 8.3228 (2001), 8.0831 (2000)	Danish kroner per US dollar - 8.418 (January 2002), 8.323 (2001), 8.083 (2000), 6.976 (1999), 6.701 (1998), 6.604 (1997)
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 Anfinn KALLSBERG (since 15 May 1998) 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 30 April 1998 (next to be held no later than April 2002) election results: Anfinn KALLSBERG elected prime minister; percent of parliamentary vote - 52.8% note: coalition of People's Party, Republican Party, and Home Rule Party
Exports	NA	$471 million f.o.b. (1999)
Exports - partners	Denmark 33.5%, UK 29.7%, Norway 8.4%, Nigeria 7.2% (2004)	Denmark 32%, UK 21%, France 9%, Germany 7%, Iceland 5%, US 5% (1996)
GDP	-	purchasing power parity - $910 million (2000 est.)
GDP - per capita	purchasing power parity - $22,000 (2001 est.)	purchasing power parity - $20,000 (2000 est.)
GDP - real growth rate	10% (2001 est.)	5% (2000 est.)
Imports	NA	$469 million c.i.f. (1999)
Imports - partners	Denmark 52.8%, Norway 18.3%, Iceland 4.4%, Sweden 4.2% (2004)	Denmark 28%, Norway 26%, Germany 7%, UK 6% Sweden 5%, Iceland 4%, US (1999)
Industries	fishing, fish processing, small ship repair and refurbishment, handicrafts	fishing, fish processing, shipbuilding, construction, handicrafts
Infant mortality rate	total: 6.24 deaths/1,000 live births male: 7.54 deaths/1,000 live births female: 4.93 deaths/1,000 live births (2005 est.)	6.66 deaths/1,000 live births (2002 est.)
International organization participation	IMO (associate), NC, NIB, UPU	NC, NIB
Internet Service Providers (ISPs)	-	2 (2000)
Labor force	24,250 (October 2000)	24,250 (October 2000 )
Land use	arable land: 2.14% permanent crops: 0% other: 97.86% (2001)	arable land: 2.14% permanent crops: 0% other: 97.86% (1998 est.)
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 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	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 30 April 2002 (next to be held no later than April 2006) election results: percent of vote by party - Union Party 26%, Republican Party 23.7%, Social Democrats 20.9%, People's Party 20.8% Independence Party 4.4%, Center Party 4.2%; seats by party - Union Party 8, Republican Party 8, Social Democrats 7, People's Party 7, Independence Party 1, Center Party 1 note: election of 2 seats to the Danish Parliament was last held on 20 November 2001 (next to be held no later than November 2005); results - percent of vote by party - NA; seats by party - Republican Party 1, Union Party 1
Life expectancy at birth	total population: 79.21 years male: 75.77 years female: 82.67 years (2005 est.)	total population: 78.74 years male: 75.28 years female: 82.21 years (2002 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: similar to Denmark proper
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	continental shelf: 200 NM or agreed boundaries or median line exclusive fishing zone: 200 NM or agreed boundaries or median line territorial sea: 3 NM
Merchant marine	total: 14 ships (1,000 GRT or over) 24,051 GRT/11,998 DWT by type: cargo 6, container 1, passenger/cargo 5, petroleum tanker 2 foreign-owned: 8 (Denmark 2, Germany 1, Iceland 2, Norway 2, United Kingdom 1) (2005)	total: 7 ships (1,000 GRT or over) totaling 100,951 GRT/139,396 DWT ships by type: cargo 2, petroleum tanker 2, refrigerated cargo 1, roll on/roll off 1, short-sea passenger 1 note: includes some foreign-owned ships registered here as a flag of convenience: Denmark 3, Norway 1, United Kingdom 1 (2002 est.)
Military branches	no regular military forces	no regular indigenous military forces; small Police Force and Coast Guard are maintained
Military expenditures - percent of GDP	NA	NA%
National holiday	Olaifest (Olavasoka), 29 July	Olaifest, 29 July
Natural resources	fish, whales, hydropower, possible oil and gas	fish, whales, hydropower
Net migration rate	0.94 migrant(s)/1,000 population (2005 est.)	2.39 migrant(s)/1,000 population (2002 est.)
Political parties and leaders	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 Oeo JOHANNESEN]	Center Party [Tordur NICALSEN]; Home Rule Party [Helena Dam a NEYSTABO]; Independence Party [leader NA]; People's Party [Oli BRECKMANN]; Republican Party [Finnabogi ISAKSON]; Social Democratic Party [Joannes EIDESGAARD]; Union Party [Edmund JOENSEN]
Population	46,962 (July 2005 est.)	46,011 (July 2002 est.)
Population growth rate	0.62% (2005 est.)	0.74% (2002 est.)
Ports and harbors	Torshavn	Torshavn, Klaksvik, Tvoroyri, Runavik, Fuglafjordhur
Radios	-	26,000 (1997)
Railways	-	0 km
Sex ratio	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: 0.82 male(s)/female total population: 1.05 male(s)/female (2005 est.)	at birth: 1 male(s)/female under 15 years: 1.01 male(s)/female 15-64 years: 1.13 male(s)/female 65 years and over: 0.81 male(s)/female total population: 1.06 male(s)/female (2002 est.)
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: good international communications; good domestic facilities domestic: digitalization was completed in 1998; both NMT (analog) and GSM (digital) mobile telephone systems are installed international: 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
Telephones - main lines in use	23,000 (2002)	24,851 (1999)
Telephones - mobile cellular	30,700 (2002)	10,761 (1999)
Total fertility rate	2.2 children born/woman (2005 est.)	2.27 children born/woman (2002 est.)
Unemployment rate	1% (October 2000)	1% (October 2000 )
Waterways	-	none

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