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Compare Faroe Islands (2008) - Indian Ocean (2003)

Compare Faroe Islands (2008) z Indian Ocean (2003)

 Faroe Islands (2008)Indian Ocean (2003)
 Faroe IslandsIndian Ocean
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 -
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.)
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Agriculture - products milk, potatoes, vegetables; sheep; salmon, other fish -
Airports 1 (2007) -
Airports - with paved runways total: 1


914 to 1,523 m: 1 (2007)
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Area total: 1,399 sq km


land: 1,399 sq km


water: 0 sq km (some lakes and streams)
total: 68.556 million sq km


note: includes Andaman Sea, Arabian Sea, Bay of Bengal, Flores Sea, Great Australian Bight, Gulf of Aden, Gulf of Oman, Java Sea, Mozambique Channel, Persian Gulf, Red Sea, Savu Sea, Strait of Malacca, Timor Sea, and other tributary water bodies
Area - comparative eight times the size of Washington, DC about 5.5 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. The Indian Ocean is the third largest of the world's five oceans (after the Pacific Ocean and Atlantic Ocean, but larger than the Southern Ocean and Arctic Ocean). Four critically important access waterways are the Suez Canal (Egypt), Bab el Mandeb (Djibouti-Yemen), Strait of Hormuz (Iran-Oman), and Strait of Malacca (Indonesia-Malaysia). The decision by the International Hydrographic Organization in the spring of 2000 to delimit a fifth ocean, the Southern Ocean, removed the portion of the Indian Ocean south of 60 degrees south.
Birth rate 14.12 births/1,000 population (2007 est.) -
Budget revenues: $588 million


expenditures: $623 million (2005)
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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
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Climate mild winters, cool summers; usually overcast; foggy, windy northeast monsoon (December to April), southwest monsoon (June to October); tropical cyclones occur during May/June and October/November in the northern Indian Ocean and January/February in the southern Indian Ocean
Coastline 1,117 km 66,526 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 8.69 deaths/1,000 population (2007 est.) -
Debt - external $64 million (1999) -
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, the UK, and Ireland dispute Denmark's claim that the Faroe Islands' continental shelf extends beyond 200 nm some maritime disputes (see littoral states)
Economic aid - recipient $105 million; note - annual subsidy from Denmark (2005) -
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 Indian Ocean provides major sea routes connecting the Middle East, Africa, and East Asia with Europe and the Americas. It carries a particularly heavy traffic of petroleum and petroleum products from the oilfields of the Persian Gulf and Indonesia. Its fish are of great and growing importance to the bordering countries for domestic consumption and export. Fishing fleets from Russia, Japan, South Korea, and Taiwan also exploit the Indian Ocean, mainly for shrimp and tuna. Large reserves of hydrocarbons are being tapped in the offshore areas of Saudi Arabia, Iran, India, and western Australia. An estimated 40% of the world's offshore oil production comes from the Indian Ocean. Beach sands rich in heavy minerals and offshore placer deposits are actively exploited by bordering countries, particularly India, South Africa, Indonesia, Sri Lanka, and Thailand.
Electricity - consumption 269.7 million kWh (2005) -
Electricity - exports 0 kWh (2005) -
Electricity - imports 0 kWh (2005) -
Electricity - production 290 million kWh (2005) -
Elevation extremes lowest point: Atlantic Ocean 0 m


highest point: Slaettaratindur 882 m
lowest point: Java Trench -7,258 m


highest point: sea level 0 m
Environment - current issues NA endangered marine species include the dugong, seals, turtles, and whales; oil pollution in the Arabian Sea, Persian Gulf, and Red Sea
Environment - international agreements party to: Marine Dumping -associate member to the London Convention and Ship Pollution -
Ethnic groups Scandinavian -
Exchange rates 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
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Exports 0 bbl/day (2004) -
Exports - commodities fish and fish products 94%, stamps, ships (1999) -
Exports - partners Denmark 31%, UK 27.4%, Norway 10.3%, Nigeria 9.5%, Netherlands 5.6% (2006) -
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 - composition by sector agriculture: 27%


industry: 11%


services: 62% (1999)
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GDP - real growth rate 2.4% (2005 est.) -
Geographic coordinates 62 00 N, 7 00 W 20 00 S, 80 00 E
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 major chokepoints include Bab el Mandeb, Strait of Hormuz, Strait of Malacca, southern access to the Suez Canal, and the Lombok Strait
Household income or consumption by percentage share lowest 10%: NA%


highest 10%: NA%
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Imports 4,580 bbl/day (2004) -
Imports - commodities consumer goods 36%, raw materials and semi-manufactures 32%, machinery and transport equipment 29%, fuels, fish, salt (1999) -
Imports - partners 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) -
Industrial production growth rate 8% (1999 est.) -
Industries fishing, fish processing, small ship repair and refurbishment, handicrafts -
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.)
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Inflation rate (consumer prices) 1.8% (2005) -
International organization participation Arctic Council, IMO (associate), NC, NIB, UPU -
Irrigated land 0 sq km -
Judicial branch none -
Labor force 24,250 (October 2000) -
Labor force - by occupation agriculture: 33%


industry: 33%


services: 34% (October 2000)
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Land boundaries 0 km -
Land use arable land: 2.14%


permanent crops: 0%


other: 97.86% (2005)
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Languages Faroese (derived from Old Norse), Danish -
Legal system the laws of Denmark, where applicable, apply -
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
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Life expectancy at birth total population: 79.49 years


male: 76.06 years


female: 82.93 years (2007 est.)
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Literacy definition: NA


total population: NA%


male: NA%


female: NA%


note: probably 100%, the same as Denmark proper
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Location Northern Europe, island group between the Norwegian Sea and the North Atlantic Ocean, about one-half of the way from Iceland to Norway body of water between Africa, the Southern Ocean, Asia, and Australia
Map references Europe Political Map 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
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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)
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Military - note defense is the responsibility of Denmark -
Military branches no regular military forces -
Military expenditures - percent of GDP NA -
National holiday Olaifest (Olavasoka), 29 July -
Nationality noun: Faroese (singular and plural)


adjective: Faroese
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Natural hazards NA occasional icebergs pose navigational hazard in southern reaches
Natural resources fish, whales, hydropower, possible oil and gas oil and gas fields, fish, shrimp, sand and gravel aggregates, placer deposits, polymetallic nodules
Net migration rate 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 [Jorgen NICLASEN]; Republican Party [Hogni HOYDAL]; Social Democratic Party [Joannes EIDESGAARD]; Union Party [Kaj Leo JOHANNESEN] -
Political pressure groups and leaders NA -
Population 47,511 (July 2007 est.) -
Population below poverty line NA% -
Population growth rate 0.543% (2007 est.) -
Ports and harbors - Chennai (Madras; India), Colombo (Sri Lanka), Durban (South Africa), Jakarta (Indonesia), Kolkata (Calcutta; India) Melbourne (Australia), Mumbai (Bombay; India), Richards Bay (South Africa)
Radio broadcast stations AM 1, FM 13, shortwave 0 (1998) -
Religions Evangelical Lutheran -
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.)
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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
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Telephones - main lines in use 23,000 (2006) -
Telephones - mobile cellular 50,000 (2006) -
Television broadcast stations 3 (plus 43 repeaters) (September 1995) -
Terrain rugged, rocky, some low peaks; cliffs along most of coast surface dominated by counterclockwise gyre (broad, circular system of currents) in the southern Indian Ocean; unique reversal of surface currents in the northern Indian Ocean; low atmospheric pressure over southwest Asia from hot, rising, summer air results in the southwest monsoon and southwest-to-northeast winds and currents, while high pressure over northern Asia from cold, falling, winter air results in the northeast monsoon and northeast-to-southwest winds and currents; ocean floor is dominated by the Mid-Indian Ocean Ridge and subdivided by the Southeast Indian Ocean Ridge, Southwest Indian Ocean Ridge, and Ninetyeast Ridge
Total fertility rate 2.15 children born/woman (2007 est.) -
Unemployment rate 2.1% (2006) -
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