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- @node Header (Faroe Islands)
- @section Header (Faroe Islands)
-
- @display
-
- Affiliation:
- (part of the Danish realm)
-
-
-
- @end display
-
- @node Geography (Faroe Islands)
- @section Geography (Faroe Islands)
-
- @display
-
- Location:
- in the north Atlantic Ocean, located half way between Norway and Iceland
- Map references:
- Arctic Region
- Area:
- total area:
- 1,400 km2
- land area:
- 1,400 km2
- comparative area:
- slightly less than eight times the size of Washington, DC
- Land boundaries:
- 0 km
- Coastline:
- 764 km
- Maritime claims:
- exclusive fishing zone:
- 200 nm
- territorial sea:
- 3 nm
- International disputes:
- none
- Climate:
- mild winters, cool summers; usually overcast; foggy, windy
- Terrain:
- rugged, rocky, some low peaks; cliffs along most of coast
- Natural resources:
- fish
- Land use:
- arable land:
- 2%
- permanent crops:
- 0%
- meadows and pastures:
- 0%
- forest and woodland:
- 0%
- other:
- 98%
- Irrigated land:
- NA km2
- Environment:
- precipitous terrain limits habitation to small coastal lowlands; archipelago
- of 18 inhabited islands and a few uninhabited islets
- Note:
- strategically located along important sea lanes in northeastern Atlantic
-
-
-
- @end display
-
- @node People (Faroe Islands)
- @section People (Faroe Islands)
-
- @display
-
- Population:
- 48,065 (July 1993 est.)
- Population growth rate:
- 0.67% (1993 est.)
- Birth rate:
- 18.45 births/1,000 population (1993 est.)
- Death rate:
- 7.57 deaths/1,000 population (1993 est.)
- Net migration rate:
- -4.2 migrant(s)/1,000 population (1993 est.)
- Infant mortality rate:
- 8.3 deaths/1,000 live births (1993 est.)
- Life expectancy at birth:
- total population:
- 77.92 years
- male:
- 74.51 years
- female:
- 81.45 years (1993 est.)
- Total fertility rate:
- 2.52 children born/woman (1993 est.)
- Nationality:
- noun:
- Faroese (singular and plural)
- adjective:
- Faroese
- Ethnic divisions:
- Scandinavian
- Religions:
- Evangelical Lutheran
- Languages:
- Faroese (derived from Old Norse), Danish
- Literacy:
- total population:
- NA%
- male:
- NA%
- female:
- NA%
- Labor force:
- 17,585
- by occupation:
- largely engaged in fishing, manufacturing, transportation, and commerce
-
-
-
- @end display
-
- @node Government (Faroe Islands)
- @section Government (Faroe Islands)
-
- @display
-
- Names:
- conventional long form:
- none
- conventional short form:
- Faroe Islands local long form:
- none
- local short form:
- Foroyar
- Digraph:
- FO
- Type:
- part of the Danish realm; self-governing overseas administrative division of
- Denmark
- Capital:
- Torshavn
- Administrative divisions:
- none (self-governing overseas administrative division of Denmark)
- Independence:
- none (part of the Danish realm; self-governing overseas administrative
- division of Denmark)
- Constitution:
- Danish
- Legal system:
- Danish
- National holiday:
- Birthday of the Queen, 16 April (1940)
- Political parties and leaders:
- three-party ruling coalition:
- Social Democratic Party, Marita PETERSEN; Republican Party, Signer HANSEN;
- Home Rule Party, Hilmar KASS
- opposition:
- Cooperation Coalition Party, Pauli ELLEFSEN; Progressive and Fishing
- Industry Party-Christian People's Party (PFIP-CPP), leader NA; Progress
- Party, leader NA; People's Party, Jogvan SUND-STEIN
- Suffrage:
- 20 years of age; universal
- Elections:
- Danish Parliament:
- last held on 12 December 1990 (next to be held by December 1994); results -
- percent of vote by party NA; seats - (2 total) Social Democratic 1, People's
- Party 1; note - the Faroe Islands elects two representatives to the Danish
- Parliament
- Faroese Parliament:
- last held 17 November 1990 (next to be held November 1994); results - Social
- Democratic 27.4%, People's Party 21.9%, Cooperation Coalition Party 18.9%,
- Republican Party 14.7%, Home Rule 8.8%, PFIP-CPP 5.9%, other 2.4%; seats -
- (32 total) two-party coalition 17 (Social Democratic 10, People's Party 7),
- Cooperation Coalition Party 6, Republican Party 4, Home Rule 3, PFIP-CPP 2
- Executive branch:
- Danish monarch, high commissioner, prime minister, deputy prime minister,
- Cabinet (Landsstyri)
- Legislative branch:
- unicameral Parliament (Lgting)
- Judicial branch:
- none
-
-
-
- @end display
-
- @node Government (Faroe Islands 2. usage)
- @section Government (Faroe Islands 2. usage)
-
- @display
-
- Leaders:
- Chief of State:
- Queen MARGRETHE II (since 14 January 1972), represented by High Commissioner
- Bent KLINTE (since NA)
- Head of Government:
- Prime Minister Marita PETERSEN (since 18 January 1993)
- Member of:
- none
- Diplomatic representation in US:
- none (self-governing overseas administrative division of Denmark)
- US diplomatic representation:
- none (self-governing overseas administrative division of Denmark)
- Flag:
- white with a red cross outlined in blue that extends to the edges of the
- flag; the vertical part of the cross is shifted to the hoist side in the
- style of the DANNEBROG (Danish flag)
-
-
-
- @end display
-
- @node Economy (Faroe Islands)
- @section Economy (Faroe Islands)
-
- @display
-
- Overview:
- The Faroese, who have long enjoyed the affluent living standards of the
- Danes and other Scandinavians, now must cope with the decline of the
- all-important fishing industry and one of the world's heaviest per capita
- external debts of nearly $30,000. When the nations of the world extended
- their fishing zones to 200 nautical miles in the early 1970s, the Faroese no
- longer could continue their traditional long-distance fishing and
- subsequently depleted their own nearby fishing areas. The government's tight
- controls on fish stocks and its austerity measures have caused a recession,
- and subsidy cuts will force nationalization in the fishing industry, which
- has already been plagued with bankruptcies. Copenhagen has threatened to
- withhold its annual subsidy of $130 million - roughly one-third of the
- islands' budget revenues - unless the Faroese make significant efforts to
- balance their budget. To this extent the Faroe government is expected to
- continue its tough policies, including introducing a 20% VAT in 1993, and
- has agreed to an IMF economic-political stabilization plan. In addition to
- its annual subsidy, the Danish government has bailed out the second largest
- Faroe bank to the tune of $140 million since October 1992.
- National product:
- GDP - purchasing power equivalent - $662 million (1989 est.)
- National product real growth rate:
- 3% (1989 est.)
- National product per capita:
- $14,000 (1989 est.)
- Inflation rate (consumer prices):
- 2% (1988)
- Unemployment rate:
- 5%-6% (1991 est.)
- Budget:
- revenues $425 million; expenditures $480 million, including capital
- expenditures of $NA (1991 est.)
- Exports:
- $386 million (f.o.b., 1990 est.)
- commodities:
- fish and fish products 88%, animal feedstuffs, transport equipment (ships)
- (1989)
- partners:
- Denmark 20%, Germany 18.3%, UK 14.2%, France 11.2%, Spain 7.9%, US 4.5%
- Imports:
- $322 million (c.i.f., 1990 est.)
- commodities:
- machinery and transport equipment 24.4%, manufactures 24%, food and
- livestock 19%, fuels 12%, chemicals 6.5%
- partners:
- Denmark 43.8%, Norway 19.8%, Sweden 4.9%, Germany 4.2%, US 1.3%
- External debt:
- $1.3 billion (1991)
- Industrial production:
- growth rate NA%
- Electricity:
- 80,000 kW capacity; 280 million kWh produced, 5,760 kWh per capita (1992)
- Industries:
- fishing, shipbuilding, handicrafts
- Agriculture:
- accounts for 27% of GDP and employs 27% of labor force; principal crops -
- potatoes and vegetables; livestock - sheep; annual fish catch about 360,000
- metric tons
- Economic aid:
- receives an annual subsidy from Denmark of about $130 million
-
-
-
- @end display
-
- @node Economy (Faroe Islands 2. usage)
- @section Economy (Faroe Islands 2. usage)
-
- @display
-
- Currency:
- 1 Danish krone (DKr) = 100 ore
- Exchange rates:
- Danish kroner (DKr) per US$1 - 6.236 (January 1993), 6.036 (1992), 6.396
- (1991), 6.189 (1990), 7.310 (1989), 6.732 (1988)
- Fiscal year:
- 1 April - 31 March
-
-
-
- @end display
-
- @node Communications (Faroe Islands)
- @section Communications (Faroe Islands)
-
- @display
-
- Highways:
- 200 km
- Ports:
- Torshavn, Tvoroyri
- Merchant marine:
- 10 ships (1,000 GRT or over) totaling 22,015 GRT/24,007 DWT; includes 1
- short-sea passenger, 5 cargo, 2 roll-on/roll-off, 2 refrigerated cargo; note
- - a subset of the Danish register
- Airports:
- total:
- 1
- useable:
- 1
- with permanent-surface runways:
- 1 with runways over 3659 m:
- 0
- with runways 2440-3659 m:
- 0
- with runways 1220-2439 m:
- 1
- Telecommunications:
- good international communications; fair domestic facilities; 27,900
- telephones; broadcast stations - 1 AM, 3 (10 repeaters) FM, 3 (29 repeaters)
- TV; 3 coaxial submarine cables
-
-
-
- @end display
-
- @node Defense Forces (Faroe Islands)
- @section Defense Forces (Faroe Islands)
-
- @display
-
- Branches:
- small Police Force, no organized native military forces
- Note:
- defense is the responsibility of Denmark
-
-
-
- @end display
-