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Compare Faroe Islands (2005) - Faroe Islands (2008)
Compare Faroe Islands (2005) z Faroe Islands (2008)
Show only differences
Show only differences
| Faroe Islands (2005) | Faroe Islands (2008) | |
 |  | |
| 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 | 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 34 municipalities |
| 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: 20.6% (male 4,882/female 4,904)
15-64 years: 65.3% (male 16,353/female 14,668) 65 years and over: 14.1% (male 3,041/female 3,663) (2007 est.) |
| Agriculture - products | milk, potatoes, vegetables; sheep; salmon, other fish | milk, potatoes, vegetables; sheep; salmon, other fish |
| Airports | 1 (2004 est.) | 1 (2007) |
| Airports - with paved runways | total: 1
914 to 1,523 m: 1 (2004 est.) |
total: 1
914 to 1,523 m: 1 (2007) |
| Area | total: 1,399 sq km
land: 1,399 sq km water: 0 sq km (some lakes and streams) |
total: 1,399 sq km
land: 1,399 sq km water: 0 sq km (some lakes and streams) |
| Area - comparative | eight times the size of Washington, DC | eight times the size of Washington, DC |
| 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 | 13.97 births/1,000 population (2005 est.) | 14.12 births/1,000 population (2007 est.) |
| Budget | revenues: $488 million
expenditures: $484 million, including capital expenditures of $21 million (1999) |
revenues: $588 million
expenditures: $623 million (2005) |
| Capital | Torshavn | name: Torshavn
geographic coordinates: 62 01 N, 6 46 W time difference: UTC 0 (5 hours ahead of Washington, DC during Standard Time) daylight saving time: +1hr, begins last Sunday in March; ends last Sunday in October |
| Climate | mild winters, cool summers; usually overcast; foggy, windy | mild winters, cool summers; usually overcast; foggy, windy |
| Coastline | 1,117 km | 1,117 km |
| Constitution | 5 June 1953 (Danish 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 |
conventional long form: none
conventional short form: Faroe Islands local long form: none local short form: Foroyar |
| Death rate | 8.69 deaths/1,000 population (2005 est.) | 8.69 deaths/1,000 population (2007 est.) |
| Debt - external | $64 million (1999) | $64 million (1999) |
| Dependency status | part of the Kingdom of Denmark; self-governing overseas administrative division of Denmark since 1948 | 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) | none (self-governing overseas administrative division of Denmark) |
| Diplomatic representation in the US | none (self-governing overseas administrative division of Denmark) | none (self-governing overseas administrative division of Denmark) |
| 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 | because anticipated offshore hydrocarbon resources have not been realized, earlier Faroese proposals for full independence have been deferred; Iceland, the UK, and Ireland dispute Denmark's claim that the Faroe Islands' continental shelf extends beyond 200 nm |
| Economic aid - recipient | $135 million (annual subsidy from Denmark) (1998) | $105 million; note - annual subsidy from Denmark (2005) |
| 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 is dependent on fishing, which makes the economy vulnerable to price swings. Since 2003 the Faroese economy has picked up as a result of higher prices for fish and for housing. Unemployment is minimal and government finances are relatively sound. Oil finds close to the Islands give hope for economically recoverable deposits, which could eventually lay the basis for a more diversified economy and 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 | 204.6 million kWh (2002) | 269.7 million kWh (2005) |
| Electricity - exports | 0 kWh (2002) | 0 kWh (2005) |
| Electricity - imports | 0 kWh (2002) | 0 kWh (2005) |
| Electricity - production | 220 million kWh (2002) | 290 million kWh (2005) |
| Elevation extremes | lowest point: Atlantic Ocean 0 m
highest point: Slaettaratindur 882 m |
lowest point: Atlantic Ocean 0 m
highest point: Slaettaratindur 882 m |
| Environment - current issues | NA | NA |
| Environment - international agreements | - | party to: Marine Dumping -associate member to the London Convention and Ship Pollution |
| Ethnic groups | Scandinavian | Scandinavian |
| 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 - 5.4797 (2007), 5.9468 (2006), 5.9969 (2005), 5.9911 (2004), 6.5877 (2003) |
| 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 | 0 bbl/day (2004) |
| Exports - commodities | fish and fish products 94%, stamps, ships (1999) | fish and fish products 94%, stamps, ships (1999) |
| Exports - partners | Denmark 33.5%, UK 29.7%, Norway 8.4%, Nigeria 7.2% (2004) | Denmark 31%, UK 27.4%, Norway 10.3%, Nigeria 9.5%, Netherlands 5.6% (2006) |
| Fiscal year | calendar 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) | 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 - composition by sector | agriculture: 27%
industry: 11% services: 62% (1999) |
agriculture: 27%
industry: 11% services: 62% (1999) |
| GDP - per capita | purchasing power parity - $22,000 (2001 est.) | - |
| GDP - real growth rate | 10% (2001 est.) | 2.4% (2005 est.) |
| Geographic coordinates | 62 00 N, 7 00 W | 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 | 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) |
- |
| Household income or consumption by percentage share | lowest 10%: NA%
highest 10%: NA% |
lowest 10%: NA%
highest 10%: NA% |
| Imports | NA | 4,580 bbl/day (2004) |
| 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 52.8%, Norway 18.3%, Iceland 4.4%, Sweden 4.2% (2004) | Denmark 52.6%, Norway 20.7%, Iceland 6.1%, Sweden 4.3% (2006) |
| Independence | none (part of the Kingdom of Denmark; self-governing overseas administrative division of Denmark) | none (part of the Kingdom of Denmark; self-governing overseas administrative division of Denmark) |
| Industrial production growth rate | 8% (1999 est.) | 8% (1999 est.) |
| Industries | fishing, fish processing, small ship repair and refurbishment, handicrafts | fishing, fish processing, small ship repair and refurbishment, 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: 6.01 deaths/1,000 live births
male: 7.25 deaths/1,000 live births female: 4.76 deaths/1,000 live births (2007 est.) |
| Inflation rate (consumer prices) | 5.1% (1999) | 1.8% (2005) |
| 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 |
| Judicial branch | none | none |
| Labor force | 24,250 (October 2000) | 24,250 (October 2000) |
| Labor force - by occupation | fishing, fish processing, and manufacturing 33%, construction and private services 33%, public services 34% | agriculture: 33%
industry: 33% services: 34% (October 2000) |
| Land boundaries | 0 km | 0 km |
| Land use | arable land: 2.14%
permanent crops: 0% other: 97.86% (2001) |
arable land: 2.14%
permanent crops: 0% other: 97.86% (2005) |
| Languages | Faroese (derived from Old Norse), Danish | Faroese (derived from Old Norse), Danish |
| Legal system | Danish | the laws of Denmark, where applicable, apply |
| 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 (33 seats; members are elected by popular vote on a proportional basis from the seven constituencies to serve four-year terms)
elections: last held 19 January 2008 (next to be held no later than January 2012) election results: percent of vote by party - Union Party 21%, Social Democratic Party 19.4%, Republican Party 23.3%, People's Party 20.1%, Center Party 8.4%, Self-Government Party 7.2%, other 0.6%; seats by party - Republican Party 8, Union Party 7, Social Democratic Party 6, People's Party 7, Center Party 3, Independence Party 2 note: election of two seats to the Danish Parliament was last held on 13 November 2007 (next to be held no later than November 2011); 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: 79.49 years
male: 76.06 years female: 82.93 years (2007 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 |
| Location | Northern Europe, island group between the Norwegian Sea and the North Atlantic Ocean, about one-half of the way from Iceland to Norway | 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 | Europe |
| 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 |
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 |
| 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: 16 ships (1000 GRT or over) 92,454 GRT/63,291 DWT
by type: cargo 10, container 2, passenger/cargo 3, petroleum tanker 1 foreign-owned: 8 (Iceland 4, Norway 4) (2007) |
| Military - note | defense is the responsibility of Denmark | defense is the responsibility of Denmark |
| Military branches | no regular military forces | no regular military forces |
| Military expenditures - dollar figure | $NA | - |
| Military expenditures - percent of GDP | NA | NA |
| National holiday | Olaifest (Olavasoka), 29 July | Olaifest (Olavasoka), 29 July |
| Nationality | noun: Faroese (singular and plural)
adjective: Faroese |
noun: Faroese (singular and plural)
adjective: Faroese |
| Natural hazards | NA | NA |
| Natural resources | fish, whales, hydropower, possible oil and gas | fish, whales, hydropower, possible oil and gas |
| Net migration rate | 0.94 migrant(s)/1,000 population (2005 est.) | 0 migrant(s)/1,000 population (2007 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 [Kari P. HOJGAARD]; People's Party [Jorgen NICLASEN]; Republican Party [Hogni HOYDAL]; Social Democratic Party [Joannes EIDESGAARD]; Union Party [Kaj Leo JOHANNESEN] |
| Political pressure groups and leaders | NA | NA |
| Population | 46,962 (July 2005 est.) | 47,511 (July 2007 est.) |
| Population below poverty line | NA% | NA% |
| Population growth rate | 0.62% (2005 est.) | 0.543% (2007 est.) |
| Ports and harbors | Torshavn | - |
| Radio broadcast stations | AM 1, FM 13, shortwave 0 (1998) | AM 1, FM 13, shortwave 0 (1998) |
| Religions | Evangelical Lutheran | Evangelical Lutheran |
| 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: 0.996 male(s)/female 15-64 years: 1.115 male(s)/female 65 years and over: 0.83 male(s)/female total population: 1.045 male(s)/female (2007 est.) |
| Suffrage | 18 years of age; universal | 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: 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 |
| Telephones - main lines in use | 23,000 (2002) | 23,000 (2006) |
| Telephones - mobile cellular | 30,700 (2002) | 50,000 (2006) |
| Television broadcast stations | 3 (plus 43 low-power repeaters) (September 1995) | 3 (plus 43 repeaters) (September 1995) |
| Terrain | rugged, rocky, some low peaks; cliffs along most of coast | rugged, rocky, some low peaks; cliffs along most of coast |
| Total fertility rate | 2.2 children born/woman (2005 est.) | 2.15 children born/woman (2007 est.) |
| Unemployment rate | 1% (October 2000) | 2.1% (2006) |
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