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

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

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	Faroe Islands (2006)	Faroe Islands (2004)

Age structure	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.)	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 (2006)	1 (2003 est.)
Airports - with paved runways	total: 1 914 to 1,523 m: 1 (2006)	total: 1 914 to 1,523 m: 1 (2004 est.)
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	14.05 births/1,000 population (2006 est.)	13.89 births/1,000 population (2004 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	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	Torshavn
Currency	-	Danish krone (DKK)
Death rate	8.7 deaths/1,000 population (2006 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 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.	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	242 million kWh (2003)	149.1 million kWh (2001)
Electricity - exports	0 kWh (2003)	0 kWh (2001)
Electricity - imports	0 kWh (2003)	0 kWh (2001)
Electricity - production	260.2 million kWh (2003)	160.4 million kWh (2001)
Exchange rates	Danish kroner per US dollar - 5.9969 (2005), 5.9911 (2004), 6.5877 (2003), 7.8947 (2002), 8.3228 (2001)	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	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 bbl/day	NA (2001)
Exports - partners	Denmark 38.2%, UK 29.6%, Nigeria 8.9%, Norway 6.1%, Netherlands 4.3% (2005)	Denmark 36.7%, UK 32.1%, Netherlands 6.1%, Nigeria 5.6%, Norway 5.4% (2003)
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 bbl/day	NA (2001)
Imports - commodities	consumer goods 36%, raw materials and semi-manufactures 32%, machinery and transport equipment 29%, fuels, fish, salt (1999)	machinery and transport equipment 29%, consumer goods 36%, raw materials and semi-manufactures 32%, fuels, fish and salt (1999)
Imports - partners	Denmark 46.2%, Norway 18.2%, Germany 8.2%, Spain 7.5%, Iceland 4.8% (2005)	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: 6.12 deaths/1,000 live births male: 7.4 deaths/1,000 live births female: 4.85 deaths/1,000 live births (2006 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.)
International organization participation	Arctic Council, IMO (associate), NC, NIB, UPU	IMO (associate), NC, NIB, UPU
Irrigated land	0 sq km	0 sq km (1998 est.)
Labor force - by occupation	agriculture: 33% industry: 33% services: 34%	fishing, fish processing, and manufacturing 33%, construction and private services 33%, public services 34%
Land use	arable land: 2.14% permanent crops: 0% other: 97.86% (2005)	arable land: 2.14% permanent crops: 0% other: 97.86% (2001)
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 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	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: 79.35 years male: 75.91 years female: 82.8 years (2006 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 100%, the same as Denmark proper	definition: NA total population: NA male: NA female: NA note: probably the same as Denmark proper
Merchant marine	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)	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.)
National holiday	Olaifest (Olavasoka), 29 July	Olaifest, 29 July
Net migration rate	0.47 migrant(s)/1,000 population (2006 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 Leo 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	47,246 (July 2006 est.)	46,662 (July 2004 est.)
Population below poverty line	NA%	NA
Population growth rate	0.58% (2006 est.)	0.66% (2004 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: 1.12 male(s)/female 65 years and over: 0.83 male(s)/female total population: 1.05 male(s)/female (2006 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.)
Telephones - main lines in use	23,800 (2005)	23,000 (2002)
Telephones - mobile cellular	42,500 (2005)	30,700 (2002)
Total fertility rate	2.17 children born/woman (2006 est.)	2.22 children born/woman (2004 est.)

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