Compare Faroe Islands (2008) - Faroe Islands (2005)

Compare Faroe Islands (2008) z Faroe Islands (2005)

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	Faroe Islands (2008)	Faroe Islands (2005)

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 34 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 49 municipalities
Age structure	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.)	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.)
Airports	1 (2007)	1 (2004 est.)
Airports - with paved runways	total: 1 914 to 1,523 m: 1 (2007)	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	14.12 births/1,000 population (2007 est.)	13.97 births/1,000 population (2005 est.)
Budget	revenues: $588 million expenditures: $623 million (2005)	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 0 (5 hours ahead of Washington, DC during Standard Time) daylight saving time: +1hr, begins last Sunday in March; ends last Sunday in October	Torshavn
Death rate	8.69 deaths/1,000 population (2007 est.)	8.69 deaths/1,000 population (2005 est.)
Disputes - international	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	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	$105 million; note - annual subsidy from Denmark (2005)	$135 million (annual subsidy from Denmark) (1998)
Economy - overview	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.	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.
Electricity - consumption	269.7 million kWh (2005)	204.6 million kWh (2002)
Electricity - exports	0 kWh (2005)	0 kWh (2002)
Electricity - imports	0 kWh (2005)	0 kWh (2002)
Electricity - production	290 million kWh (2005)	220 million kWh (2002)
Environment - international agreements	party to: Marine Dumping -associate member to the London Convention and Ship Pollution	-
Exchange rates	Danish kroner per US dollar - 5.4797 (2007), 5.9468 (2006), 5.9969 (2005), 5.9911 (2004), 6.5877 (2003)	Danish kroner per US dollar - 5.9911 (2004), 6.5877 (2003), 7.8947 (2002), 8.3228 (2001), 8.0831 (2000)
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	0 bbl/day (2004)	NA
Exports - partners	Denmark 31%, UK 27.4%, Norway 10.3%, Nigeria 9.5%, Netherlands 5.6% (2006)	Denmark 33.5%, UK 29.7%, Norway 8.4%, Nigeria 7.2% (2004)
GDP - per capita	-	purchasing power parity - $22,000 (2001 est.)
GDP - real growth rate	2.4% (2005 est.)	10% (2001 est.)
Highways	-	total: 463 km paved: 454 km unpaved: 9 km (1999)
Imports	4,580 bbl/day (2004)	NA
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 52.6%, Norway 20.7%, Iceland 6.1%, Sweden 4.3% (2006)	Denmark 52.8%, Norway 18.3%, Iceland 4.4%, Sweden 4.2% (2004)
Infant mortality rate	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.)	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.)
Inflation rate (consumer prices)	1.8% (2005)	5.1% (1999)
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% (October 2000)	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)
Legal system	the laws of Denmark, where applicable, apply	Danish
Legislative branch	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	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
Life expectancy at birth	total population: 79.49 years male: 76.06 years female: 82.93 years (2007 est.)	total population: 79.21 years male: 75.77 years female: 82.67 years (2005 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: 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)	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)
Military expenditures - dollar figure	-	$NA
Net migration rate	0 migrant(s)/1,000 population (2007 est.)	0.94 migrant(s)/1,000 population (2005 est.)
Political parties and leaders	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]	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]
Population	47,511 (July 2007 est.)	46,962 (July 2005 est.)
Population growth rate	0.543% (2007 est.)	0.62% (2005 est.)
Ports and harbors	-	Torshavn
Sex ratio	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.)	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.)
Telephones - main lines in use	23,000 (2006)	23,000 (2002)
Telephones - mobile cellular	50,000 (2006)	30,700 (2002)
Television broadcast stations	3 (plus 43 repeaters) (September 1995)	3 (plus 43 low-power repeaters) (September 1995)
Total fertility rate	2.15 children born/woman (2007 est.)	2.2 children born/woman (2005 est.)
Unemployment rate	2.1% (2006)	1% (October 2000)

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