Compare Faroe Islands (2006) - Faroe Islands (2008)

Compare Faroe Islands (2006) z Faroe Islands (2008)

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	Faroe Islands (2006)	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: 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: 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.)
Airports	1 (2006)	1 (2007)
Airports - with paved runways	total: 1 914 to 1,523 m: 1 (2006)	total: 1 914 to 1,523 m: 1 (2007)
Birth rate	14.05 births/1,000 population (2006 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	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	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
Death rate	8.7 deaths/1,000 population (2006 est.)	8.69 deaths/1,000 population (2007 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	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 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 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	242 million kWh (2003)	269.7 million kWh (2005)
Electricity - exports	0 kWh (2003)	0 kWh (2005)
Electricity - imports	0 kWh (2003)	0 kWh (2005)
Electricity - production	260.2 million kWh (2003)	290 million kWh (2005)
Environment - international agreements	-	party to: Marine Dumping -associate member to the London Convention and Ship Pollution
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 - 5.4797 (2007), 5.9468 (2006), 5.9969 (2005), 5.9911 (2004), 6.5877 (2003)
Exports	NA bbl/day	0 bbl/day (2004)
Exports - partners	Denmark 38.2%, UK 29.6%, Nigeria 8.9%, Norway 6.1%, Netherlands 4.3% (2005)	Denmark 31%, UK 27.4%, Norway 10.3%, Nigeria 9.5%, Netherlands 5.6% (2006)
GDP - real growth rate	10% (2001 est.)	2.4% (2005 est.)
Imports	NA bbl/day	4,580 bbl/day (2004)
Imports - partners	Denmark 46.2%, Norway 18.2%, Germany 8.2%, Spain 7.5%, Iceland 4.8% (2005)	Denmark 52.6%, Norway 20.7%, Iceland 6.1%, Sweden 4.3% (2006)
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: 6.01 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)
Labor force - by occupation	agriculture: 33% industry: 33% services: 34%	agriculture: 33% industry: 33% services: 34% (October 2000)
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 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 (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: 79.35 years male: 75.91 years female: 82.8 years (2006 est.)	total population: 79.49 years male: 76.06 years female: 82.93 years (2007 est.)
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: 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 expenditures - dollar figure	NA	-
Net migration rate	0.47 migrant(s)/1,000 population (2006 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 Leo 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]
Population	47,246 (July 2006 est.)	47,511 (July 2007 est.)
Population growth rate	0.58% (2006 est.)	0.543% (2007 est.)
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: 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.)
Telephones - main lines in use	23,800 (2005)	23,000 (2006)
Telephones - mobile cellular	42,500 (2005)	50,000 (2006)
Television broadcast stations	3 (plus 43 low-power repeaters) (September 1995)	3 (plus 43 repeaters) (September 1995)
Total fertility rate	2.17 children born/woman (2006 est.)	2.15 children born/woman (2007 est.)
Unemployment rate	1% (October 2000)	2.1% (2006)

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