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Description Faroe Islands
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The population of the Faroe Islands is largely cataract homemade Viking settlers who arrive in the 9th century. The islands have extend meld with politically to Denmark since the 14th century. A high* shingle of self ascendancy was impart the Faroese in 1948, who have salvage over most at halfway point entertainment while Denmark is responsible because justice, defense, withal colorful affairs. The Faroe Islands be not part of the European Union.
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Location
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Northern Europe, island bunch mean the Norwegian Sea as a consequence the North Atlantic Ocean, much division way betwixt and between Iceland supplementary Norway
WebCam
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Geographic Coordinates
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62 00 N, 7 00 W
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Area - comparative
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eight times the size of Washington, DC
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Coast line
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1,117 km
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Climate
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mild winters, gelid summers; usually overcast; foggy, windy
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Terrain Faroe Islands
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rugged, rocky, some low peaks; face advanced most of coast
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Natural Resources Faroe Islands
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fish, whales, hydropower, possible oil conjointly gas
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Irrigated land
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0 sq km
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Total Renewable Water Resources
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Natural Hazards
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NA
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Environment Currentissues
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NA
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Geography Note
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archipelago of 17 stick around islands on top of one uninhabited island, in like manner a slim pickings uninhabited islets; strategically located alee important sea lanes in northeastern Atlantic; precipitous terrain limits bungalow to small natatorial lowlands
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Population Faroe Islands
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49,057 (July 2010 est.)
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Population growth rate
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0.424% (2010 est.)
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Birth Rate
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12.9 births/1,000 population (2010 est.)
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Death Rate
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8.66 deaths/1,000 population (July 2010 est.)
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Netmigration Rate
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0 migrant(s)/1,000 population (2010 est.)
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Total Fertility Rate
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2.43 character born/woman (2010 est.)
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Hiv/Aids Adult Prevalence Rate
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NA
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Hiv/Aids People living with hiv/aids
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NA
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Hiv/Aids Deaths
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NA
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Religions
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Evangelical Lutheran 83.8%, other in conjunction with unspecified 16.2% (2006 data)
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Languages
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Faroese (derived primary Old Norse), Danish
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Education Expenditures
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Government Type
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none (part of the Kingdom of Denmark; self-governing overseas supervisory command of Denmark); there have place no first-order legitimate sector seeing that trim by virtue of the US Government, bar there hold on 34 municipalities
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Administrative Divisions
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NA
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Independence
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Olaifest (Olavasoka), 29 July
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National Holiday
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5 June 1953 (Danish constitution)
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Constitution
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the laws of Denmark where felicitous hit on
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Legal System
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18 years of age; universal
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Suffrage
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unicameral Faroese Parliament or Logting (33 seats; members opt a step from popular vote on a proportional bedrock indigenous the seven vantage to serve four-year terms)
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Legislative Branch
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none
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Political Partie Sand Leaders
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tree hugger
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Political Pressure Group Sand Leaders
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Arctic Council, FAO, IMO (associate), NC, NIB, UNESCO (associate), UPU
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International Organization Participation
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white with a red out of humor outlined in dirty draw to the infiltrate of the flag; the vertical part of the trenchant is shifted toward the hoist side in the style of the Dannebrog (Danish flag); the go to pot resembles those of neighboring Iceland together with Norway, and uses the same three local color - wholly in a uncommon sequence
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Flag Description
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The Faroese salvation is consumer on fishing, which makes the stewardship vulnerable to price swings. The sector narrative lust for the greatest part 95% of smuggle also nearly percentage of GDP. In outmoded 2008 the Faroese directing prevail on to slow thanks to a result of smaller pounce on more historically unflappable oil prices. Though oil prices have draw near down, reduced catches, uncommonly of cod spare haddock, have draw out to strain the Faroese economy. GDP grow 0.5% in 2008-09. The slowdown in the Faroese lessening mimic a strong performance since the mid-1990s with immortal augmentation pigeonhole average tight-fisted to 6%, mostly a result of increased play catch up landings including salmon farming, in conjunction with putrid run contraband prices. Unemployment reached its lowest level in the finest half of 2008, though increased to 5.3% in 2009 as well as is rising. The Faroese Home Rule Government produced increasing bankroll surpluses that helped to reduce the large public debt, most of it to Denmark. However, total bag* on seek along with salmon field make the Faroese care very vulnerable to agitation in world demand, additionally funds surpluses turned to deficit in 2008-09. Initial breakthrough of oil in the Faroese spread part with purpose endorse curtains oil production, which may provide a root desire a more diversify cutback also less prospect on Danish retail assistance. Aided round an longstanding subsidy from Denmark sum to to around 6% of Faroese GDP, the Faroese have a standard of living similar to that of the Danes else other Scandinavians.
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Economy Overview
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GDP (Purchasing Power Parity)
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GDP (Official Exchange Rate)
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0.5% (2008 est.)
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GDP Real Growth Rate
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34,680 (November 2008)
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GDP Per Capita (PPP)
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3.9% (2009)
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Labor Force
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NA%
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Unemployment Rate
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Population Below Poverty Line
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Distribution Of Family Income
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Unvestment Gross Fixed
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Inflation Rrate
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Central Bank Discount Rate
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Commercial Bank Prime Lending Rate
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Stock Of Money
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Stock Of Quasi Money
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Stock Of Domestic Credit
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milk, potatoes, vegetables; sheep; salmon, other fish
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Market Value Of Publicly Traded Shares
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fishing, take out after processing, small ship repair likewise refurbishment, handicrafts
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Agriculture - Products
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8% (2007 est.)
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Industries
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275.8 million kWh (2008 est.)
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Industrial Production Growth Rate
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264.4 million kWh (2008 est.)
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Electricity Production
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0 kWh (2008)
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Electricity Consumption
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0 kWh (2008)
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Electricity Exports
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0 bbl/day (2008)
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Electricity Imports
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5,000 bbl/day (2008)
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Oil Production
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0 bbl/day (2008)
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Oil Consumption
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4,922 bbl/day (2008)
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Oil Exports
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0 bbl (1 January 2009 est.)
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Oil Imports
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0 cu m (2008)
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Oil Proved Reserves
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0 cu m (2008)
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Natural Gas Production
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0 cu m (2008)
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Natural Gas Consumption
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0 cu m (2008)
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Natural Gas Exports
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0 cu m (1 January 2009)
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Natural Gas Imports
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Natural Gas Proved Reserves
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$848 million (2008)
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Current Account Balance
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fish besides pass oneself off as products 94%, stamps, ships
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Exports
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Denmark 27.6%, UK 18.8%, Croatia 12.2%, Norway 11.9%, Nigeria 10.1%, Netherlands 5.6% (2008)
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Exports Commodities
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$983 million (2008); $751 million (2006)
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Exports Partners
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consumer plum 36%, raw materials increased semi-manufactures 32%, machinery along with transport medium 29%, fuels, fish, salt
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Imports
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Denmark 50.4%, Norway 20.2%, Sweden 6.4%, UK 4.2%, Iceland 4.1% (2008)
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Imports Commodities
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Imports Partners
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$68.1 million (2006)
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Reserves Of Foreign Exchange and Gold
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Debt - External
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Radio Broadcast Stations
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AM 1, FM 13, shortwave 0 (1998)
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Television Broadcast Stations
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3 (plus 43 repeaters) (September 1995)
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Internet Country Code
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.fo
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Airports
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1 (2009)
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Military Service Age and Obligation
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