Compare Faroe Islands (2005) - Faroe Islands (2004)

Compare Faroe Islands (2005) z Faroe Islands (2004)

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	Faroe Islands (2005)	Faroe Islands (2004)

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: 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.)
Airports	1 (2004 est.)	1 (2003 est.)
Birth rate	13.97 births/1,000 population (2005 est.)	13.89 births/1,000 population (2004 est.)
Currency	-	Danish krone (DKK)
Death rate	8.69 deaths/1,000 population (2005 est.)	8.68 deaths/1,000 population (2004 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 the Faroe Islands claim extending its continental shelf boundary 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 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 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)	149.1 million kWh (2001)
Electricity - exports	0 kWh (2002)	0 kWh (2001)
Electricity - imports	0 kWh (2002)	0 kWh (2001)
Electricity - production	220 million kWh (2002)	160.4 million kWh (2001)
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 - 6.5877 (2003), 7.89 (2002), 8.323 (2001), 8.083 (2000), 6.976 (1999)
Exports	NA	NA (2001)
Exports - partners	Denmark 33.5%, UK 29.7%, Norway 8.4%, Nigeria 7.2% (2004)	Denmark 36.7%, UK 32.1%, Netherlands 6.1%, Nigeria 5.6%, Norway 5.4% (2003)
GDP	-	purchasing power parity - $1 billion (2001 est.)
Household income or consumption by percentage share	lowest 10%: NA% highest 10%: NA%	lowest 10%: NA highest 10%: NA
Imports	NA	NA (2001)
Imports - partners	Denmark 52.8%, Norway 18.3%, Iceland 4.4%, Sweden 4.2% (2004)	Denmark 52.7%, Norway 22.5%, Iceland 4.7%, Germany 4.2%, UK 4% (2003)
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.)	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.)
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 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: 79.21 years male: 75.77 years female: 82.67 years (2005 est.)	total population: 79.05 years male: 75.6 years female: 82.51 years (2004 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 the same as Denmark proper
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) 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 expenditures - dollar figure	$NA	NA
National holiday	Olaifest (Olavasoka), 29 July	Olaifest, 29 July
Net migration rate	0.94 migrant(s)/1,000 population (2005 est.)	1.41 migrant(s)/1,000 population (2004 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 [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]
Population	46,962 (July 2005 est.)	46,662 (July 2004 est.)
Population below poverty line	NA%	NA
Population growth rate	0.62% (2005 est.)	0.66% (2004 est.)
Ports and harbors	Torshavn	Torshavn, Klaksvik, Tvoroyri, Runavik, Fuglafjordhur
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 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.)
Total fertility rate	2.2 children born/woman (2005 est.)	2.22 children born/woman (2004 est.)

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