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Compare Faroe Islands (2006) - World (2002)

Compare Faroe Islands (2006) z World (2002)

 Faroe Islands (2006)World (2002)
 Faroe IslandsWorld
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 268 nations, dependent areas, other, and miscellaneous entries
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: 29.2% (male 932,581,592; female 885,688,851)


15-64 years: 63.7% (male 2,009,997,089; female 1,964,938,201)


65 years and over: 7.1% (male 193,549,180; female 247,067,032) (2002 est.)
Agriculture - products milk, potatoes, vegetables; sheep; salmon, other fish -
Airports 1 (2006) -
Airports - with paved runways total: 1


914 to 1,523 m: 1 (2006)
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Area total: 1,399 sq km


land: 1,399 sq km


water: 0 sq km (some lakes and streams)
total: 510.072 million sq km


land: 148.94 million sq km


water: 361.132 million sq km


note: 70.8% of the world's surface is water, 29.2% is land
Area - comparative eight times the size of Washington, DC land area about 16 times the size of the US
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. Globally, the 20th century was marked by: (a) two devastating world wars; (b) the Great Depression of the 1930s; (c) the end of vast colonial empires; (d) rapid advances in science and technology, from the first airplane flight at Kitty Hawk, North Carolina (US) to the landing on the moon; (e) the Cold War between the Western alliance and the Warsaw Pact nations; (f) a sharp rise in living standards in North America, Europe, and Japan; (g) increased concerns about the environment, including loss of forests, shortages of energy and water, the decline in biological diversity, and air pollution; (h) the onset of the AIDS epidemic; and (i) the ultimate emergence of the US as the only world superpower. The planet's population continues to explode: from 1 billion in 1820, to 2 billion in 1930, 3 billion in 1960, 4 billion in 1974, 5 billion in 1988, and 6 billion in 2000. For the 21st century, the continued exponential growth in science and technology raises both hopes (e.g., advances in medicine) and fears (e.g., development of even more lethal weapons of war).
Birth rate 14.05 births/1,000 population (2006 est.) 21.16 births/1,000 population (2002 est.)
Budget revenues: $488 million


expenditures: $484 million; including capital expenditures of $21 million (1999)
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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
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Climate mild winters, cool summers; usually overcast; foggy, windy two large areas of polar climates separated by two rather narrow temperate zones form a wide equatorial band of tropical to subtropical climates
Coastline 1,117 km 356,000 km
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
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Death rate 8.7 deaths/1,000 population (2006 est.) 8.93 deaths/1,000 population (2002 est.)
Debt - external $64 million (1999) $2 trillion for less developed countries (2001 est.)
Dependency status 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) -
Diplomatic representation in the US 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 -
Economic aid - recipient $135 million (annual subsidy from Denmark) (1998) official development assistance (ODA) $50 billion (2001 est.)
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. Growth in global output (gross world product, GWP) fell from 4.8% in 2000 to 2.2% in 2001. The causes: slowdowns in the US economy (21% of GWP) and in the 15 EU economies (20% of GWP); continued stagnation in the Japanese economy (7.3% of GWP); and spillover effects in the less developed regions of the world. China, the second largest economy in the world (12% of GWP), proved an exception, continuing its rapid annual growth, officially announced as 7.3% but estimated by many observers as perhaps two percentage points lower. Russia (2.6% of GWP), with 5.2% growth, continued to make uneven progress, its GDP per capita still only one-third that of the leading industrial nations. The other 14 successor nations of the USSR and the other old Warsaw Pact nations again experienced widely divergent growth rates; the three Baltic nations were strong performers, in the 5% range of growth. The developing nations also varied in their growth results, with many countries facing population increases that eat up gains in output. Externally, the nation-state, as a bedrock economic-political institution, is steadily losing control over international flows of people, goods, funds, and technology. Internally, the central government often finds its control over resources slipping as separatist regional movements - typically based on ethnicity - gain momentum, e.g., in many of the successor states of the former Soviet Union, in the former Yugoslavia, in India, in Indonesia, and in Canada. In Western Europe, governments face the difficult political problem of channeling resources away from welfare programs in order to increase investment and strengthen incentives to seek employment. The addition of 80 million people each year to an already overcrowded globe is exacerbating the problems of pollution, desertification, underemployment, epidemics, and famine. Because of their own internal problems and priorities, the industrialized countries devote insufficient resources to deal effectively with the poorer areas of the world, which, at least from the economic point of view, are becoming further marginalized. The introduction of the euro as the common currency of much of Western Europe in January 1999, while paving the way for an integrated economic powerhouse, poses economic risks because of varying levels of income and cultural and political differences among the participating nations. The terrorist attacks on the US on 11 September 2001 accentuate a further growing risk to global prosperity, illustrated, for example, by the reallocation of resources away from investment to anti-terrorist programs. (For specific economic developments in each country of the world in 2001, see the individual country entries.)
Electricity - consumption 242 million kWh (2003) -
Electricity - exports 0 kWh (2003) -
Electricity - imports 0 kWh (2003) -
Electricity - production 260.2 million kWh (2003) -
Electricity - production by source - fossil fuel: NA%


hydro: NA%


nuclear: NA%


other: NA%
Elevation extremes lowest point: Atlantic Ocean 0 m


highest point: Slaettaratindur 882 m
lowest point: Bentley Subglacial Trench -2,540 m


note: in the oceanic realm, Challenger Deep in the Mariana Trench is the lowest point, lying -10,924 m below the surface of the Pacific Ocean


highest point: Mount Everest 8,850 m (1999 est.)
Environment - current issues NA large areas subject to overpopulation, industrial disasters, pollution (air, water, acid rain, toxic substances), loss of vegetation (overgrazing, deforestation, desertification), loss of wildlife, soil degradation, soil depletion, erosion
Ethnic groups Scandinavian -
Exchange rates Danish kroner per US dollar - 5.9969 (2005), 5.9911 (2004), 6.5877 (2003), 7.8947 (2002), 8.3228 (2001) -
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
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Exports NA bbl/day $6.3 trillion f.o.b. (2001 est.)
Exports - commodities fish and fish products 94%, stamps, ships (1999) the whole range of industrial and agricultural goods and services
Exports - partners Denmark 38.2%, UK 29.6%, Nigeria 8.9%, Norway 6.1%, Netherlands 4.3% (2005) in value, about 75% of exports from the developed countries
Fiscal 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) -
GDP - GWP (gross world product) - purchasing power parity - $47 trillion (2001 est.)
GDP - composition by sector agriculture: 27%


industry: 11%


services: 62% (1999)
agriculture: 4%


industry: 32%


services: 64% (2001 est.)
GDP - per capita - purchasing power parity - $7,600 (2001 est.)
GDP - real growth rate 10% (2001 est.) 2.2% (2001 est.)
Geographic coordinates 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 the world is now thought to be about 4.55 billion years old, just about one-third of the 13-billion-year age estimated for the universe
Highways - total: NA km


paved: NA km


unpaved: NA km
Household income or consumption by percentage share lowest 10%: NA%


highest 10%: NA%
lowest 10%: NA%


highest 10%: NA%
Imports NA bbl/day $6.3 trillion f.o.b. (2001 est.)
Imports - commodities consumer goods 36%, raw materials and semi-manufactures 32%, machinery and transport equipment 29%, fuels, fish, salt (1999) the whole range of industrial and agricultural goods and services
Imports - partners Denmark 46.2%, Norway 18.2%, Germany 8.2%, Spain 7.5%, Iceland 4.8% (2005) in value, about 75% of imports into the developed countries
Independence none (part of the Kingdom of Denmark; self-governing overseas administrative division of Denmark) -
Industrial production growth rate 8% (1999 est.) 6% (2000 est.)
Industries fishing, fish processing, small ship repair and refurbishment, handicrafts dominated by the onrush of technology, especially in computers, robotics, telecommunications, and medicines and medical equipment; most of these advances take place in OECD nations; only a small portion of non-OECD countries have succeeded in rapidly adjusting to these technological forces; the accelerated development of new industrial (and agricultural) technology is complicating already grim environmental problems
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.)
51.55 deaths/1,000 live births (2002 est.)
Inflation rate (consumer prices) 5.1% (1999) developed countries 1% to 4% typically; developing countries 5% to 60% typically (2001 est.); national inflation rates vary widely in individual cases, from declining prices in Japan to hyperinflation in several Third World countries
International organization participation Arctic Council, IMO (associate), NC, NIB, UPU -
Internet Service Providers (ISPs) - 10,350 (2000 est.)
Irrigated land 0 sq km 2,714,320 sq km (1998 est.)
Judicial branch none -
Labor force 24,250 (October 2000) NA
Labor force - by occupation agriculture: 33%


industry: 33%


services: 34%
agriculture NA%, industry NA%, services NA%
Land boundaries 0 km the land boundaries in the world total 250,472 km (not counting shared boundaries twice)
Land use arable land: 2.14%


permanent crops: 0%


other: 97.86% (2005)
arable land: 10.58%


permanent crops: 1%


other: 88.42% (1998 est.)
Languages Faroese (derived from Old Norse), Danish Chinese, Mandarin 14.37%, Hindi 6.02%, English 5.61%, Spanish 5.59%, Bengali 3.4%, Portuguese 2.63%, Russian 2.75%, Japanese 2.06%, German, Standard 1.64%, Korean 1.28%, French 1.27% (2000 est.)


note: percents are for "first language" speakers only
Legal system Danish all members of the UN plus Switzerland are parties to the statute that established the International Court of Justice (ICJ) or World Court
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
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Life expectancy at birth total population: 79.35 years


male: 75.91 years


female: 82.8 years (2006 est.)
total population: 63.94 years


male: 62.28 years


female: 65.67 years (2002 est.)
Literacy definition: NA


total population: NA%


male: NA%


female: NA%


note: probably 100%, the same as Denmark proper
definition: age 15 and over can read and write


total population: 77%


male: 83%


female: 71% (1995 est.)
Location 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 Physical Map of the World, Political Map of the World, Standard Time Zones of the World
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
a variety of situations exist, but in general, most countries make the following claims: contiguous zone - 24 NM; continental shelf - 200-m depth or to the depth of exploitation, or 200 NM or to the edge of the continental margin; exclusive fishing zone - 200 NM; exclusive economic zone - 200 NM; territorial sea - 12 NM; boundary situations with neighboring states prevent many countries from extending their fishing or economic zones to a full 200 NM; 43 nations and other areas that are landlocked include Afghanistan, Andorra, Armenia, Austria, Azerbaijan, Belarus, Bhutan, Bolivia, Botswana, Burkina Faso, Burundi, Central African Republic, Chad, Czech Republic, Ethiopia, Holy See (Vatican City), Hungary, Kazakhstan, Kyrgyzstan, Laos, Lesotho, Liechtenstein, Luxembourg, Malawi, Mali, Moldova, Mongolia, Nepal, Niger, Paraguay, Rwanda, San Marino, Slovakia, Swaziland, Switzerland, Tajikistan, The Former Yugoslav Republic of Macedonia, Turkmenistan, Uganda, Uzbekistan, West Bank, Zambia, Zimbabwe; two of these, Liechtenstein and Uzbekistan, are doubly landlocked
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)
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Military - note defense is the responsibility of Denmark -
Military branches no regular military forces -
Military expenditures - dollar figure NA aggregate real expenditure on arms worldwide in 1999 remained at approximately the 1998 level, about three-quarters of a trillion dollars (1999 est.)
Military expenditures - percent of GDP NA roughly 2% of gross world product (1999 est.)
National holiday Olaifest (Olavasoka), 29 July -
Nationality noun: Faroese (singular and plural)


adjective: Faroese
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Natural hazards NA large areas subject to severe weather (tropical cyclones), natural disasters (earthquakes, landslides, tsunamis, volcanic eruptions)
Natural resources fish, whales, hydropower, possible oil and gas the rapid depletion of nonrenewable mineral resources, the depletion of forest areas and wetlands, the extinction of animal and plant species, and the deterioration in air and water quality (especially in Eastern Europe, the former USSR, and China) pose serious long-term problems that governments and peoples are only beginning to address
Net migration rate 0.47 migrant(s)/1,000 population (2006 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] -
Political pressure groups and leaders NA -
Population 47,246 (July 2006 est.) 6,233,821,945 (July 2002 est.)
Population below poverty line NA% -
Population growth rate 0.58% (2006 est.) 1.23% (2002 est.)
Ports and harbors - Chiba, Houston, Kawasaki, Kobe, Marseille, Mina' al Ahmadi (Kuwait), New Orleans, New York, Rotterdam, Yokohama
Radio broadcast stations AM 1, FM 13, shortwave 0 (1998) AM NA, FM NA, shortwave NA
Radios - NA
Railways - total: 1,201,337 km includes about 190,000 to 195,000 km of electrified routes of which 147,760 km are in Europe, 24,509 km in the Far East, 11,050 km in Africa, 4,223 km in South America, and 4,160 km in North America; note - fastest speed in daily service is 300 km/hr attained by France's Societe Nationale des Chemins-de-Fer Francais (SNCF) Le Train a Grande Vitesse (TGV) - Atlantique line


broad gauge: 251,153 km


standard gauge: 710,754 km


narrow gauge: 239,430 km
Religions Evangelical Lutheran Christians 32.88% (of which Roman Catholics 17.39%, Protestants 5.62%, Orthodox 3.54%, Anglicans 1.31%), Muslims 19.54%, Hindus 13.34%, Buddhists 5.92%, Sikhs 0.38%, Jews 0.24%, other religions 12.6%, non-religious 12.63%, atheists 2.47% (2000 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: 1.05 male(s)/female


under 15 years: 1.05 male(s)/female


15-64 years: 1.02 male(s)/female


65 years and over: 0.78 male(s)/female


total population: 1.01 male(s)/female (2002 est.)
Suffrage 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: NA


domestic: NA


international: NA
Telephones - main lines in use 23,800 (2005) NA
Telephones - mobile cellular 42,500 (2005) NA
Television broadcast stations 3 (plus 43 low-power repeaters) (September 1995) NA
Terrain rugged, rocky, some low peaks; cliffs along most of coast the greatest ocean depth is the Mariana Trench at 10,924 m in the Pacific Ocean
Total fertility rate 2.17 children born/woman (2006 est.) 2.7 children born/woman (2002 est.)
Unemployment rate 1% (October 2000) 30% combined unemployment and underemployment in many non-industrialized countries; developed countries typically 4%-12% unemployment (2001 est.)
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