Faroe islands

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Introduction - Faroe Islands:

Country

Faroe Islands

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.

Location - Faroe Islands:

Location

Northern Europe, island group between the Norwegian Sea and the North Atlantic Ocean, about one-half of the way from Iceland to Norway

Geographic coordinates

62 00 N, 7 00 W

Map references

Europe

Area

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

Land boundaries

0 km

Coastline

1,117 km

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

Climate

mild winters, cool summers; usually overcast; foggy, windy

Terrain

rugged, rocky, some low peaks; cliffs along most of coast

Elevation extremes

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

Natural resources

fish, whales, hydropower, possible oil and gas

Land use

arable land: 2.14%
permanent crops: 0%
other: 97.86% (2005)

Irrigated land

0 sq km

Natural hazards

NA

Environment current issues

NA

Environment international agreements

party to: Marine Dumping -associate member to the London Convention and Ship Pollution

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

People - Faroe Islands:

Population

47,511 (July 2007 est.)

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.)

Dependency status

part of the Kingdom of Denmark; self-governing overseas administrative division of Denmark since 1948

Median age

total: 35 years
male: 34.8 years
female: 35.3 years (2007 est.)

Population growth rate

0.543% (2007 est.)

Birth rate

14.12 births/1,000 population (2007 est.)

Death rate

8.69 deaths/1,000 population (2007 est.)

Net migration rate

0 migrant(s)/1,000 population (2007 est.)

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.)

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.)

Life expectancy at birth

total population: 79.49 years
male: 76.06 years
female: 82.93 years (2007 est.)

Total fertility rate

2.15 children born/woman (2007 est.)

Hiv aids adult prevalence rate

NA

Hiv aids people living with hiv aids

NA

Hiv aids deaths

NA

Nationality

noun: Faroese (singular and plural)
adjective: Faroese

Ethnic groups

Scandinavian

Religions

Evangelical Lutheran

Languages

Faroese (derived from Old Norse), Danish

Literacy

definition: NA
total population: NA%
male: NA%
female: NA%
note: probably 100%, the same as Denmark proper

Government - Faroe Islands:

Country name

conventional long form: none
conventional short form: Faroe Islands
local long form: none
local short form: Foroyar

Government type

NA

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

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

Independence

none (part of the Kingdom of Denmark; self-governing overseas administrative division of Denmark)

National holiday

Olaifest (Olavasoka), 29 July

Constitution

5 June 1953 (Danish constitution)

Legal system

the laws of Denmark, where applicable, apply

Suffrage

18 years of age; universal

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

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 Democratic Party 21.8%, Republican Party 21.7%, Peoples Party 20.6%, Center Party 5.2%, Independence Party 4.6%, other 2.4%; seats by party - Republican Party 8, Union Party 7, Social Democratic Party 7, Peoples Party 7, Center Party 2, Independence Party 1
note: election of two seats to the Danish Parliament was last held on 8 February 2005 (next to be held in February 2009); results - percent of vote by party - NA; seats by party - Republican Party 1, Peoples Party 1

Judicial branch

none

Political parties and leaders

Center Party [Jenis A. RANA]; Independence Party [Kari P. HOJGAARD]; Peoples Party [Anfinn KALLSBERG]; Republican Party [Hogni HOYDAL]; Social Democratic Party [Joannes EIDESGAARD]; Union Party [Kaj Leo JOHANNESEN]

Political pressure groups and leaders

NA

International organization participation

Arctic Council, IMO (associate), NC, NIB, UPU

Diplomatic representation in the us

none (self-governing overseas administrative division of Denmark)

Diplomatic representation from the us

none (self-governing overseas administrative division of Denmark)

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)

Economy - Faroe Islands:

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.

Gdp purchasing power parity

$1 billion (2001 est.)

Gdp official exchange rate

$1.7 billion (2005 est.)

Gdp real growth rate

2.4% (2005 est.)

Gdp per capita ppp

$31,000 (2001 est.)

Gdp composition by sector

agriculture: 27%
industry: 11%
services: 62% (1999)

Labor force

24,250 (October 2000)

Labor force by occupation

agriculture: 33%
industry: 33%
services: 34%

Unemployment rate

2.1% (2006)

Population below poverty line

NA%

Household income or consumption by percentage share

lowest 10%: NA%
highest 10%: NA%

Inflation rate consumer prices

1.8% (2005)

Budget

revenues: $588 million
expenditures: $623 million; including capital expenditures of $34 million (2005)

Agriculture products

milk, potatoes, vegetables; sheep; salmon, other fish

Industries

fishing, fish processing, small ship repair and refurbishment, handicrafts

Industrial production growth rate

8% (1999 est.)

Electricity production

292.6 million kWh (2004)

Electricity consumption

272.1 million kWh (2004)

Electricity exports

0 kWh (2004)

Electricity imports

0 kWh (2004)

Oil production

0 bbl/day (2004 est.)

Oil consumption

4,550 bbl/day (2004 est.)

Oil exports

NA bbl/day

Oil imports

NA bbl/day

Oil proved reserves

0 bbl

Natural gas production

0 cu m (2004 est.)

Natural gas consumption

0 cu m (2004 est.)

Exports

$598 million f.o.b. (2005 est.)

Exports commodities

fish and fish products 94%, stamps, ships (1999)

Exports partners

Denmark 31.6%, UK 26.8%, Norway 10.1%, Nigeria 9.2%, Netherlands 5.4% (2006)

Imports

$639 million c.i.f. (2004 est.)

Imports commodities

consumer goods 36%, raw materials and semi-manufactures 32%, machinery and transport equipment 29%, fuels, fish, salt (1999)

Imports partners

Denmark 52.4%, Norway 20.4%, Iceland 5.9%, Sweden 4.2% (2006)

Debt external

$64 million (1999)

Economic aid recipient

$105 million; note - annual subsidy from Denmark (2005)

Currency code

Danish krone (DKK)

Exchange rates

Danish kroner per US dollar - 5.9468 (2006), 5.9969 (2005), 5.9911 (2004), 6.5877 (2003), 7.8947 (2002)

Communications - Faroe Islands:

Fiscal year

calendar year

Telephones main lines in use

23,000 (2006)

Telephones mobile cellular

50,000 (2006)

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

Radio broadcast stations

AM 1, FM 13, shortwave 0 (1998)

Television broadcast stations

3 (plus 43 repeaters) (September 1995)

Internet country code

.fo

Internet hosts

6,915 (2006)

Internet users

34,000 (2006)

Transportation - Faroe Islands:

Airports

1 (2006)

Airports with paved runways

total: 1
914 to 1,523 m: 1 (2006)

Roadways

total: 458 km
note: no roads between towns (2003)

Merchant marine

total: 18 ships (1000 GRT or over) 19,265 GRT/9,171 DWT
by type: cargo 10, container 2, passenger/cargo 4, petroleum tanker 2
foreign-owned: 8 (Iceland 4, Norway 4) (2006)

Ports and terminals

Torshavn

Military - Faroe Islands:

Military branches

no regular military forces

Manpower available for military service

males age 18-49: 10,695 (2005 est.)

Manpower fit for military service

males age 18-49: 8,852 (2005 est.)

Military note

defense is the responsibility of Denmark

Manpower reaching military service age annually

males age 18-49: 366 (2005 est.)

Military expenditures percent of gdp

NA

This page was last updated on 16 September, 2007
Source: CIA >>>


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