- Introduction ::Faroe IslandsBackground: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 granted the Faroese in 1948, who have autonomy over most internal affairs while Denmark is responsible for justice, defense, and foreign affairs. The Faroe Islands are not part of the European Union.Geography ::Faroe IslandsLocation:Northern Europe, island group between the Norwegian Sea and the North Atlantic Ocean, about half way between Iceland and NorwayGeographic coordinates:62 00 N, 7 00 WArea:total: 1,393 sq kmcountry comparison to the world: 183land: 1,393 sq kmwater: 0 sq km (some lakes and streams)Area - comparative:eight times the size of Washington, DCLand boundaries:0 kmCoastline:1,117 kmMaritime claims:territorial sea: 3 nmcontinental shelf: 200 nm or agreed boundaries or median lineexclusive fishing zone: 200 nm or agreed boundaries or median lineClimate:mild winters, cool summers; usually overcast; foggy, windyTerrain:rugged, rocky, some low peaks; cliffs along most of coastElevation extremes:lowest point: Atlantic Ocean 0 mhighest point: Slaettaratindur 882 mNatural resources:fish, whales, hydropower, possible oil and gasLand use:arable land: 2.15%permanent crops: 0%other: 97.85% (2011)Irrigated land:0 sq km (2011)Natural hazards:NAEnvironment - current issues:NAEnvironment - international agreements:party to: Marine Dumping - associate member to the London Convention and Ship PollutionGeography - 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 lowlandsPeople and Society ::Faroe IslandsNationality:noun: Faroese (singular and plural)adjective: FaroeseEthnic groups:ScandinavianLanguages:Faroese (derived from Old Norse), DanishReligions:Evangelical Lutheran 83.8%, other and unspecified 16.2% (2006 census)Population:49,709 (July 2013 est.)country comparison to the world: 210Age structure:0-14 years: 20.4% (male 5,269/female 4,882)15-24 years: 15.6% (male 4,003/female 3,738)25-54 years: 36.8% (male 9,892/female 8,414)55-64 years: 11.8% (male 3,018/female 2,832)65 years and over: 15.4% (male 3,712/female 3,949) (2013 est.)Median age:total: 37.6 yearsmale: 37 yearsfemale: 38.3 years (2013 est.)Population growth rate:0.47% (2013 est.)country comparison to the world: 154Birth rate:13.36 births/1,000 population (2013 est.)country comparison to the world: 150Death rate:8.67 deaths/1,000 population (2013 est.)country comparison to the world: 75Net migration rate:0 migrant(s)/1,000 population (2013 est.)country comparison to the world: 86Urbanization:urban population: 40% of total population (2010)rate of urbanization: 0.9% annual rate of change (2010-15 est.)Sex ratio:at birth: 1.07 male(s)/female0-14 years: 1.08 male(s)/female15-24 years: 1.07 male(s)/female25-54 years: 1.18 male(s)/female55-64 years: 1.08 male(s)/female65 years and over: 0.93 male(s)/femaletotal population: 1.09 male(s)/female (2013 est.)Infant mortality rate:total: 5.82 deaths/1,000 live birthscountry comparison to the world: 175male: 6.08 deaths/1,000 live birthsfemale: 5.55 deaths/1,000 live births (2013 est.)Life expectancy at birth:total population: 79.98 yearscountry comparison to the world: 35male: 77.49 yearsfemale: 82.64 years (2013 est.)Total fertility rate:2.39 children born/woman (2013 est.)country comparison to the world: 87HIV/AIDS - adult prevalence rate:NAHIV/AIDS - people living with HIV/AIDS:NAHIV/AIDS - deaths:NALiteracy:NA; note - probably 99%, the same as Denmark properUnemployment, youth ages 15-24:total: 9.4%country comparison to the world: 111male: 6.9%female: 12.5% (2005)Government ::Faroe IslandsCountry name:conventional long form: noneconventional short form: Faroe Islandslocal long form: nonelocal short form: ForoyarDependency status:part of the Kingdom of Denmark; self-governing overseas administrative division of Denmark since 1948Government type:NACapital:name: Torshavngeographic coordinates: 62 00 N, 6 46 Wtime 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 OctoberAdministrative 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 municipalitiesIndependence:none (part of the Kingdom of Denmark; self-governing overseas administrative division of Denmark)National holiday:Olaifest (Olavsoka), 29 JulyConstitution:5 June 1953 (Danish Constitution)Legal system:the laws of Denmark, where applicable, applySuffrage:18 years of age; universalExecutive branch:chief of state: Queen MARGRETHE II of Denmark (since 14 January 1972), represented by High Commissioner Dan Michael KNUDSEN, chief administrative officer (since 2008)head of government: Prime Minister Kaj Leo JOHANNESSEN (since 26 September 2008)cabinet: Landsstyri appointed by the prime minister(For more information visit the World Leaders website )elections: the monarchy 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 on 14 November 2011 (next to be held no later than November 2015)election results: Kaj Leo JOHANNESSEN reelected prime minister in 2011Legislative branch:unicameral Faroese Parliament or Logting (33 seats; members elected by popular vote on a proportional basis from the seven constituencies to serve four-year terms)elections: last held on 29 October 2011 (next to be held no later than October 2015)election results: percent of vote by party - Union Party 24.7%, People's Party 22.5%, Republican Party 18.3%, Social Democratic Party 17.7%, Progressive Party 6.3%, Center Party 6.2%, Independence Party 4.2%, other 0.1%; seats by party - Union Party 8, People's Party 8, Republican Party 6, Social Democratic Party 6, Progressive Party 2, Center Party 2, Independence Party 1note: election of two seats to the Danish Parliament was last held on 15 September 2011 (next to be held no later than September 2015); results - percent of vote by party - NA; seats by party - Social Democratic Party 1, Union Party 1Judicial branch:the Faroese Court or Raett (Rett - Danish) decides both civil and criminal cases; the Court is part of the Danish legal systemPolitical parties and leaders:Center Party (Midflokkurin) [Jenis av RANA]Independence Party (Sjalvstyrisflokkurin) [Kari P. HOJGAARD]People's Party (Folkaflokkurin) [Jorgen NICLASEN]Progressive Party (Framsokn) [Poul MICHELSEN]Republican Party (Tjodveldi) [Hogni HOYDAL]Social Democratic Party (Javnadarflokkurin) [Aksel JOHANNESEN]Union Party (Sambandsflokkurin) [Kaj Leo JOHANNESEN]Political pressure groups and leaders:conservationistsInternational organization participation:Arctic Council, IMO (associate), NC, NIB, UNESCO (associate), UPUDiplomatic 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); referred to as Merkid, meaning ""the banner"" or ""the mark,"" the flag resembles those of neighboring Iceland and Norway, and uses the same three colors - but in a different sequence; white represents the clear Faroese sky as well as the foam of the waves; red and blue are traditional Faroese colorsNational symbol(s):ramNational anthem:name: ""Mitt alfagra land"" (My Fairest Land)lyrics/music: Simun av SKAROI/Peter ALBERGnote: adopted 1948; the anthem is also known as ""Tu alfagra land mitt"" (Thou Fairest Land of Mine); as an autonomous overseas division of Denmark, the Faroe Islands are permitted their own national anthemEconomy ::Faroe IslandsEconomy - overview:The Faroese economy is dependent on fishing, which makes the economy vulnerable to price fluctuations. The sector normally accounts for about 95% of exports and nearly half of GDP. In early 2008 the Faroese economy began to slow as a result of smaller catches and historically high oil prices. The slowdown in the Faroese economy followed a strong performance since the mid-1990s with annual growth rates averaging close to 6%, mostly a result of increased fish landings and salmon farming, and high export prices. Unemployment reached its lowest level in June 2008 at 1.1%. The Faroese Home Rule Government produced increasing budget surpluses in that period, which helped to reduce the large public debt, most of it to Denmark. However, total dependence on fishing and salmon farming make the Faroese economy vulnerable to fluctuations in world demand. Initial discoveries of oil in the Faroese area give hope for eventual oil production, which may provide a foundation for a more diversified economy and less dependence on Danish economic assistance. Aided by an annual subsidy from Denmark amounting to about 3% of Faroese GDP, the Faroese have a standard of living almost equal to that of Denmark and Greenland. The Faroese Government ran relatively large deficits from 2008 to 2010 and budget deficits are forecast for several years ahead. At year-end 2010 the gross debt had reached approximately US$900 million.GDP (purchasing power parity):$1.471 billion (2010 est.)country comparison to the world: 197$1.389 billion (2008 est.)GDP (official exchange rate):$2.32 billion (2010 est.)GDP - real growth rate:2.9% (2010 est.)country comparison to the world: 1120.5% (2008 est.)GDP - per capita (PPP):$30,500 (2008 est.)country comparison to the world: 49GDP - composition, by sector of origin:agriculture: 16%industry: 29%services: 55% (2007 est.)Agriculture - products:milk, potatoes, vegetables; sheep; salmon, other fishIndustries:fishing, fish processing, small ship repair and refurbishment, handicraftsIndustrial production growth rate:3.4% (2009 est.)country comparison to the world: 81Labor force:34,710 (November 2010)country comparison to the world: 203Labor force - by occupation:agriculture: 10.7%industry: 18.9%services: 70.3% (November 2010)Unemployment rate:6.8% (2011)country comparison to the world: 695.7% (2010)Population below poverty line:NA%Household income or consumption by percentage share:lowest 10%: NA%highest 10%: NA%Budget:revenues: $1.025 billionexpenditures: $1.301 billionnote: Denmark supplies the Faroe Islands with almost one-third of their public funds (2010 est.)Taxes and other revenues:44.2% of GDP (2010 est.)country comparison to the world: 28Budget surplus (+) or deficit (-):-11.9% of GDP (2010 est.)country comparison to the world: 208Fiscal year:calendar yearInflation rate (consumer prices):2.3% (2011)country comparison to the world: 530.4% (2010)Exports:$824 million (2010)country comparison to the world: 163$767 million (2009)Exports - commodities:fish and fish products 94%, stamps, shipsExports - partners:Denmark 23.3%, UK 20.9%, Nigeria 13.7%, US 8.8%, Netherlands 8.4%, Russia 6.9%, China 4.4% (2012)Imports:$776 million (2010)country comparison to the world: 186$786 million (2009)Imports - commodities:goods for household consumption 24%, machinery and transport equipment 23.5%, fuels 21.4%, raw materials and semi-manufactures, saltImports - partners:Denmark 41.9%, Norway 31.9%, Germany 8.7%, Iceland 5.3% (2012)Debt - external:$888.8 million (2010)country comparison to the world: 165$68.1 million (2006)Exchange rates:Danish kroner (DKK) per US dollar -5.7925 (2012 est.)5.3687 (2011 est.)5.6241 (2010 est.)5.361 (2009)5.0236 (2008)Energy ::Faroe IslandsElectricity - production:280.3 million kWh (2010 est.)country comparison to the world: 171Electricity - consumption:268.8 million kWh (2010 est.)country comparison to the world: 177Electricity - exports:0 kWh (2010 est.)country comparison to the world: 195Electricity - imports:0 kWh (2010 est.)country comparison to the world: 187Electricity - installed generating capacity:100,100 kW (2009 est.)country comparison to the world: 168Electricity - from fossil fuels:64.9% of total installed capacity (2009 est.)country comparison to the world: 128Electricity - from nuclear fuels:0% of total installed capacity (2009 est.)country comparison to the world: 89Electricity - from hydroelectric plants:31% of total installed capacity (2009 est.)country comparison to the world: 74Electricity - from other renewable sources:4.1% of total installed capacity (2009 est.)country comparison to the world: 42Crude oil - production:0 bbl/day (2011 est.)country comparison to the world: 135Crude oil - exports:0 bbl/day (2009 est.)country comparison to the world: 112Crude oil - imports:0 bbl/day (2009 est.)country comparison to the world: 184Crude oil - proved reserves:0 bbl (1 January 2012 est.)country comparison to the world: 133Refined petroleum products - production:0 bbl/day (2008 est.)country comparison to the world: 178Refined petroleum products - consumption:4,871 bbl/day (2011 est.)country comparison to the world: 170Refined petroleum products - exports:0 bbl/day (2008 est.)country comparison to the world: 177Refined petroleum products - imports:4,859 bbl/day (2008 est.)country comparison to the world: 157Natural gas - production:0 cu m (2010 est.)country comparison to the world: 130Natural gas - consumption:0 cu m (2010 est.)country comparison to the world: 143Natural gas - exports:0 cu m (2010 est.)country comparison to the world: 99Natural gas - imports:0 cu m (2010 est.)country comparison to the world: 193Natural gas - proved reserves:0 cu m (1 January 2012 est.)country comparison to the world: 137Carbon dioxide emissions from consumption of energy:744,400 Mt (2010 est.)country comparison to the world: 173Communications ::Faroe IslandsTelephones - main lines in use:20,200 (2009)country comparison to the world: 189Telephones - mobile cellular:59,400 (2009)country comparison to the world: 198Telephone system:general assessment: good international communications; good domestic facilitiesdomestic: conversion to digital system completed in 1998; both NMT (analog) and GSM (digital) mobile telephone systems are installedinternational: 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 (2011)Broadcast media:1 publicly owned TV station; the Faroese telecommunications company distributes local and international channels through its digital terrestrial network; publicly owned radio station supplemented by 2 privately owned stations broadcasting over multiple frequencies (2008)Internet country code:.foInternet hosts:7,575 (2012)country comparison to the world: 140Internet users:37,500 (2009)country comparison to the world: 176Transportation ::Faroe IslandsAirports:1 (2013)country comparison to the world: 215Airports - with paved runways:total: 11,524 to 2,437 m: 1 (2013)Roadways:total: 463 km (2006)country comparison to the world: 196Merchant marine:total: 37country comparison to the world: 79by type: cargo 20, chemical tanker 7, container 2, passenger/cargo 3, refrigerated cargo 3, roll on/roll off 2foreign-owned: 28 (Iceland 4, Norway 13, Sweden 11) (2010)Ports and terminals:major seaport(s): Fuglafjordur, Torshavn, VagurMilitary ::Faroe IslandsMilitary branches:no regular military forces (2012)Manpower available for military service:males age 16-49: 11,831 (2010 est.)Manpower fit for military service:males age 16-49: 9,827females age 16-49: 8,418 (2010 est.)Manpower reaching militarily significant age annually:male: 372female: 373 (2010 est.)Military expenditures:NAMilitary - note:defense is the responsibility of DenmarkTransnational Issues ::Faroe IslandsDisputes - 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"
The World Factbook. 2014.
Look at other dictionaries:
Faroe Islands — • A group of Danish islands rising from the sea some four hundred miles west of Norway and almost as far south of Iceland Catholic Encyclopedia. Kevin Knight. 2006. Faroe Islands Faroe Islands … Catholic encyclopedia
Faroe Islands — Faroe Islands, the the Faroes another spelling of Faeroe Islands … Dictionary of contemporary English
Faroe Islands — [fer′ō] alt. sp. of FAEROE ISLANDS … English World dictionary
Faroe Islands — Not to be confused with Fair Isle. Coordinates: 62°00′N 06°47′W / 62°N 6.783°W / 62; 6.783 … Wikipedia
Faroe Islands — /fair oh/. See Faeroe Islands. Also, Faroes. * * * Faroe Islands Introduction 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… … Universalium
Faroe Islands — noun 1. a self governing colony that is a possession of Denmark in the Faroe Islands • Syn: ↑Faeroe Islands, ↑Faroes, ↑Faeroes • Instance Hypernyms: ↑possession 2. a group of 21 volcanic islands in the North Atlantic between Iceland and the… … Useful english dictionary
Faroe Islands — n. Faeroe Islands, group of islands located in the northern Atlantic Ocean between Great Britain and Iceland which are a Danish territory; self governing colony possession of Denmark in the Faroe Islands … English contemporary dictionary
Faroe Islands — geographical name see Faeroe Islands … New Collegiate Dictionary
Faroe Islands — noun Group of islands in the north Atlantic Ocean between Scotland and Iceland; a self governing territory of Denmark … Wiktionary
FAROE ISLANDS — (13), a group of 22 islands of basaltic formation, about 200 m. NW. of the Shetlands; originally Norwegian, they now belong to Denmark; agriculture is limited, and fishing and sheep farming chiefly engage the natives; there is an export trade… … The Nuttall Encyclopaedia