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Compare Faroe Islands (2008) - Atlantic Ocean (2008)

Compare Faroe Islands (2008) z Atlantic Ocean (2008)

 Faroe Islands (2008)Atlantic Ocean (2008)
 Faroe IslandsAtlantic 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: 76.762 million sq km


note: includes Baltic Sea, Black Sea, Caribbean Sea, Davis Strait, Denmark Strait, part of the Drake Passage, Gulf of Mexico, Labrador Sea, Mediterranean Sea, North Sea, Norwegian Sea, almost all of the Scotia Sea, and other tributary water bodies
Area - comparative eight times the size of Washington, DC slightly less than 6.5 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 Atlantic Ocean is the second largest of the world's five oceans (after the Pacific Ocean, but larger than the Indian Ocean, Southern Ocean, and Arctic Ocean). The Kiel Canal (Germany), Oresund (Denmark-Sweden), Bosporus (Turkey), Strait of Gibraltar (Morocco-Spain), and the Saint Lawrence Seaway (Canada-US) are important strategic access waterways. The decision by the International Hydrographic Organization in the spring of 2000 to delimit a fifth world ocean, the Southern Ocean, removed the portion of the Atlantic Ocean south of 60 degrees south latitude.
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 tropical cyclones (hurricanes) develop off the coast of Africa near Cape Verde and move westward into the Caribbean Sea; hurricanes can occur from May to December, but are most frequent from August to November
Coastline 1,117 km 111,866 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 Atlantic Ocean provides some of the world's most heavily trafficked sea routes, between and within the Eastern and Western Hemispheres. Other economic activity includes the exploitation of natural resources, e.g., fishing, dredging of aragonite sands (The Bahamas), and production of crude oil and natural gas (Caribbean Sea, Gulf of Mexico, and North Sea).
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: Milwaukee Deep in the Puerto Rico Trench -8,605 m


highest point: sea level 0 m
Environment - current issues NA endangered marine species include the manatee, seals, sea lions, turtles, and whales; drift net fishing is hastening the decline of fish stocks and contributing to international disputes; municipal sludge pollution off eastern US, southern Brazil, and eastern Argentina; oil pollution in Caribbean Sea, Gulf of Mexico, Lake Maracaibo, Mediterranean Sea, and North Sea; industrial waste and municipal sewage pollution in Baltic Sea, North Sea, and Mediterranean 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 0 00 N, 25 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 major chokepoints include the Dardanelles, Strait of Gibraltar, access to the Panama and Suez Canals; strategic straits include the Strait of Dover, Straits of Florida, Mona Passage, The Sound (Oresund), and Windward Passage; the Equator divides the Atlantic Ocean into the North Atlantic Ocean and South Atlantic Ocean
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, Europe, the Southern Ocean, and the Western Hemisphere
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 icebergs common in Davis Strait, Denmark Strait, and the northwestern Atlantic Ocean from February to August and have been spotted as far south as Bermuda and the Madeira Islands; ships subject to superstructure icing in extreme northern Atlantic from October to May; persistent fog can be a maritime hazard from May to September; hurricanes (May to December)
Natural resources fish, whales, hydropower, possible oil and gas oil and gas fields, fish, marine mammals (seals and whales), sand and gravel aggregates, placer deposits, polymetallic nodules, precious stones
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.) -
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 usually covered with sea ice in Labrador Sea, Denmark Strait, and coastal portions of the Baltic Sea from October to June; clockwise warm-water gyre (broad, circular system of currents) in the northern Atlantic, counterclockwise warm-water gyre in the southern Atlantic; the ocean floor is dominated by the Mid-Atlantic Ridge, a rugged north-south centerline for the entire Atlantic basin
Total fertility rate 2.15 children born/woman (2007 est.) -
Transportation - note - Kiel Canal and Saint Lawrence Seaway are two important waterways; significant domestic commercial and recreational use of Intracoastal Waterway on central and south Atlantic seaboard and Gulf of Mexico coast of US
Unemployment rate 2.1% (2006) -
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