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Compare Faroe Islands (2004) - Faroe Islands (2008)

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 Faroe Islands (2004)Faroe Islands (2008)
 Faroe IslandsFaroe Islands
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: 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.)
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.)
Agriculture - products milk, potatoes, vegetables; sheep; salmon, other fish milk, potatoes, vegetables; sheep; salmon, other fish
Airports 1 (2003 est.) 1 (2007)
Airports - with paved runways total: 1


914 to 1,523 m: 1 (2004 est.)
total: 1


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


land: 1,399 sq km


water: 0 sq km (some lakes and streams)
total: 1,399 sq km


land: 1,399 sq km


water: 0 sq km (some lakes and streams)
Area - comparative eight times the size of Washington, DC eight times the size of Washington, DC
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 13.89 births/1,000 population (2004 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 Torshavn 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
Climate mild winters, cool summers; usually overcast; foggy, windy mild winters, cool summers; usually overcast; foggy, windy
Coastline 1,117 km 1,117 km
Constitution 5 June 1953 (Danish 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
conventional long form: none


conventional short form: Faroe Islands


local long form: none


local short form: Foroyar
Currency Danish krone (DKK) -
Death rate 8.68 deaths/1,000 population (2004 est.) 8.69 deaths/1,000 population (2007 est.)
Debt - external $64 million (1999) $64 million (1999)
Dependency status part of the Kingdom of Denmark; self-governing overseas administrative division of Denmark since 1948 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) none (self-governing overseas administrative division of Denmark)
Diplomatic representation in the US none (self-governing overseas administrative division of Denmark) none (self-governing overseas administrative division of Denmark)
Disputes - international 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 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 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. 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 149.1 million kWh (2001) 269.7 million kWh (2005)
Electricity - exports 0 kWh (2001) 0 kWh (2005)
Electricity - imports 0 kWh (2001) 0 kWh (2005)
Electricity - production 160.4 million kWh (2001) 290 million kWh (2005)
Elevation extremes lowest point: Atlantic Ocean 0 m


highest point: Slaettaratindur 882 m
lowest point: Atlantic Ocean 0 m


highest point: Slaettaratindur 882 m
Environment - current issues NA NA
Environment - international agreements - party to: Marine Dumping -associate member to the London Convention and Ship Pollution
Ethnic groups Scandinavian Scandinavian
Exchange rates Danish kroner per US dollar - 6.5877 (2003), 7.89 (2002), 8.323 (2001), 8.083 (2000), 6.976 (1999) 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%


note: coalition of Social Democrats, Union Party, and People's Party
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
Exports NA (2001) 0 bbl/day (2004)
Exports - commodities fish and fish products 94%, stamps, ships (1999) fish and fish products 94%, stamps, ships (1999)
Exports - partners Denmark 36.7%, UK 32.1%, Netherlands 6.1%, Nigeria 5.6%, Norway 5.4% (2003) Denmark 31%, UK 27.4%, Norway 10.3%, Nigeria 9.5%, Netherlands 5.6% (2006)
Fiscal year calendar 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) 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 purchasing power parity - $1 billion (2001 est.) -
GDP - composition by sector agriculture: 27%


industry: 11%


services: 62% (1999)
agriculture: 27%


industry: 11%


services: 62% (1999)
GDP - per capita purchasing power parity - $22,000 (2001 est.) -
GDP - real growth rate 10% (2001 est.) 2.4% (2005 est.)
Geographic coordinates 62 00 N, 7 00 W 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 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
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 (2001) 4,580 bbl/day (2004)
Imports - commodities machinery and transport equipment 29%, consumer goods 36%, raw materials and semi-manufactures 32%, fuels, fish and salt (1999) consumer goods 36%, raw materials and semi-manufactures 32%, machinery and transport equipment 29%, fuels, fish, salt (1999)
Imports - partners Denmark 52.7%, Norway 22.5%, Iceland 4.7%, Germany 4.2%, UK 4% (2003) 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) none (part of the Kingdom of Denmark; self-governing overseas administrative division of Denmark)
Industrial production growth rate 8% (1999 est.) 8% (1999 est.)
Industries fishing, fish processing, shipbuilding, construction, handicrafts fishing, fish processing, small ship repair and refurbishment, handicrafts
Infant mortality rate 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.)
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)
International organization participation IMO (associate), NC, NIB, UPU Arctic Council, IMO (associate), NC, NIB, UPU
Irrigated land 0 sq km (1998 est.) 0 sq km
Judicial branch none none
Labor force 24,250 (October 2000) 24,250 (October 2000)
Labor force - by occupation fishing, fish processing, and manufacturing 33%, construction and private services 33%, public services 34% agriculture: 33%


industry: 33%


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


permanent crops: 0%


other: 97.86% (2001)
arable land: 2.14%


permanent crops: 0%


other: 97.86% (2005)
Languages Faroese (derived from Old Norse), Danish Faroese (derived from Old Norse), Danish
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 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
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: 79.05 years


male: 75.6 years


female: 82.51 years (2004 est.)
total population: 79.49 years


male: 76.06 years


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


total population: NA


male: NA


female: NA


note: probably the same as Denmark proper
definition: NA


total population: NA%


male: NA%


female: NA%


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


adjective: Faroese
noun: Faroese (singular and plural)


adjective: Faroese
Natural hazards NA NA
Natural resources fish, whales, hydropower, possible oil and gas fish, whales, hydropower, possible oil and gas
Net migration rate 1.41 migrant(s)/1,000 population (2004 est.) 0 migrant(s)/1,000 population (2007 est.)
Political parties and leaders 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] 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 NA
Population 46,662 (July 2004 est.) 47,511 (July 2007 est.)
Population below poverty line NA NA%
Population growth rate 0.66% (2004 est.) 0.543% (2007 est.)
Ports and harbors Torshavn, Klaksvik, Tvoroyri, Runavik, Fuglafjordhur -
Radio broadcast stations AM 1, FM 13, shortwave 0 (1998) AM 1, FM 13, shortwave 0 (1998)
Religions Evangelical Lutheran Evangelical Lutheran
Sex ratio 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.)
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.)
Suffrage 18 years of age; universal 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: 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
Telephones - main lines in use 23,000 (2002) 23,000 (2006)
Telephones - mobile cellular 30,700 (2002) 50,000 (2006)
Television broadcast stations 3 (plus 43 low-power repeaters) (September 1995) 3 (plus 43 repeaters) (September 1995)
Terrain rugged, rocky, some low peaks; cliffs along most of coast rugged, rocky, some low peaks; cliffs along most of coast
Total fertility rate 2.22 children born/woman (2004 est.) 2.15 children born/woman (2007 est.)
Unemployment rate 1% (October 2000) 2.1% (2006)
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