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{bitmap= 26,50,"flags\Faroe.bmp"}
{bigtext=150,120,"Faroe Islands"}
{4}(part of the Danish realm)
{1}Geography{4}
{4}To see a map of the Faroe Islands, click {z,"-25.406569,55.714656,3.723941,77.921795",here}{4}!
{2}Location:{4} Northern Europe, island group between the Norwegian Sea and the north Atlantic
Ocean, about one-half of the way from Iceland to Norway
{2}Area:{4}
{3}total area:{4} 1,400 sq km
{3}land area:{4} 1,400 sq km
{3}comparative area:{4} eight times the size of Washington, DC
{2}Land boundaries:{4} 0 km
{2}Coastline:{4} 764 km
{2}Maritime claims:{4}
exclusive fishing zone: 200 nm
{3}territorial sea:{4} 3 nm
{2}International disputes:{4} none
{2}Climate:{4} mild winters, cool summers; usually overcast; foggy, windy
{2}Terrain:{4} rugged, rocky, some low peaks; cliffs along most of coast
{3}lowest point:{4} Atlantic Ocean 0 m
{3}highest point:{4} Slaettaratindur 882 m
{2}Natural resources:{4} fish
{2}Land use:{4}
{3}arable land:{4} 2%
{3}permanent crops:{4} 0%
{3}meadows and pastures:{4} 0%
{3}forest and woodland:{4} 0%
{3}other:{4} 98%
{2}Irrigated land:{4} NA sq km
{2}Environment:{4}
{3}current issues:{4} NA
{2}natural hazards:{4} NA
{2}international agreements:{4} NA
{2}Geographic note:{4} archipelago of 18 inhabited islands and a few uninhabited islets; strategically
located along important sea lanes in northeastern Atlantic; precipitous terrain limits habitation to
small coastal lowlands
{1}People{4}
{2}Population:{4} 43,857 (July 1996 est.)
{2}Age structure:{4}
{3}0-14 years:{4} 24% (male 5,461; female 5,280)
{3}15-64 years:{4} 62% (male 14,488; female 12,617)
{3}65 years and over:{4} 14% (male 2,661; female 3,350) (July 1996 est.)
{2}Population growth rate:{4} -1.8% (1996 est.)
{2}Birth rate:{4} 13.91 births/1,000 population (1996 est.)
{2}Death rate:{4} 8.69 deaths/1,000 population (1996 est.)
{2}Net migration rate:{4} -23.19 migrant(s)/1,000 population (1996 est.)
{2}Sex ratio:{4}
{3}at birth:{4} 0.99 male(s)/female
{3}under 15 years:{4} 1.03 male(s)/female
{3}15-64 years:{4} 1.15 male(s)/female
{3}65 years and over:{4} 0.79 male(s)/female
{3}all ages:{4} 1.06 male(s)/female (1996 est.)
{2}Infant mortality rate:{4} 7.2 deaths/1,000 live births (1996 est.)
{2}Life expectancy at birth:{4}
{3}total population:{4} 77.83 years
{3}male:{4} 74.75 years
{3}female:{4} 80.88 years (1996 est.)
{2}Total fertility rate:{4} 2.38 children born/woman (1996 est.)
{2}Nationality:{4}
{3}noun:{4} Faroese (singular and plural)
{3}adjective:{4} Faroese
{2}Ethnic divisions:{4} Scandinavian
{2}Religions:{4} Evangelical Lutheran
{2}Languages:{4} Faroese (derived from Old Norse), Danish
{2}Literacy:{4} NA
{1}Government{4}
{2}Name of country:{4}
{3}conventional long form:{4} none
{3}conventional short form:{4} Faroe Islands
{3}local long form:{4} none
{3}local short form:{4} Foroyar
{2}Type of government:{4} part of the Danish realm; self-governing overseas administrative division of
Denmark
{2}Capital:{4} Torshavn
{2}Administrative divisions:{4} none (self-governing overseas administrative division of Denmark)
{2}Independence:{4} none (part of the Danish realm; self-governing overseas administrative division of
Denmark)
{2}National holiday:{4} Birthday of the Queen, 16 April (1940)
{2}Constitution:{4} 5 June 1953 (Danish constitution)
{2}Legal system:{4} Danish
{2}Suffrage:{4} 18 years of age; universal
{2}Executive branch:{4}
{3}chief of state:{4} Queen MARGRETHE II (of Denmark since 14 January 1972), who is a
constitutional monarch, is represented by High Commissioner Bent KLINTE, chief administrative
officer (since NA)
{3}head of government:{4} Prime Minister Edmund JOENSEN (since 15 September 1994) was elected
by the Logting
{3}cabinet:{4} Landsstyri was elected by the Logting
{2}Legislative branch:{4} unicameral
Faroese Parliament (Logting): elections last held 8 July 1994 (next to be held by July 1998);
results - percent of vote by party NA; seats - (32 total) Liberal Party 8, People's Party 6, Social
Democrats 5, Republicans 4, Workers' Party 3, Christian Democrats 2, Center Party 2, Home
Rule Party 2
Danish Parliament: elections last held on 21 September 1994 (next to be held by September
1998); results - percent of vote by party NA; seats - (2 total) Liberals 2
{2}Judicial branch:{4} none
{2}Political parties and leaders:{4} Social Democratic Party, Marita PETERSEN; Workers Front, Oli
JACOBSEN; Home Rule Party, Helena Dam A NEYSTABO; The "Coalition Party," Edmund
JOENSEN; Republican Party, Finnbogi ISAKSON; Centrist Party, Tordur NICLASEN; Christian
People's Party, Niels Pauli DANIELSEN; People's Party, Arnfinn KALLSBERG; Liberal Party,
Jorgen ESTRUP; Christian Democratic Party
{2}International organization participation:{4} none
{2}Diplomatic representation in US:{4} none (self-governing overseas administrative division of
Denmark)
{2}US diplomatic representation:{4} none (self-governing overseas administrative division of Denmark)
{2}Flag:{4} 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)
{1}Economy{4}
{2}Economic overview:{4} The Faroese economy is experiencing a moderate upturn after several years
of decline brought on by over-fishing and declining fish prices, large budget deficits by the Faroese
Home Rule Government (FHRG), plummeting property values, and a bail-out merger of the two
largest Faroese banks. Near-term forecasts suggest continued economic recovery, and oil finds
close to the Faroese area may lay the basis for an eventual economic rebound. Aided by a
substantial annual subsidy from Denmark, the Faroese have enjoyed a standard of living
comparable to the Danes and other Scandinavians.
{2}GDP:{4} purchasing power parity - $733 million (1995 est.)
{2}GDP real growth rate:{4} NA%
{2}GDP per capita:{4} $15,000 (1995 est.)
{2}GDP composition by sector:{4}
{3}agriculture:{4} NA%
{3}industry:{4} NA%
{3}services:{4} NA%
{2}Inflation rate (consumer prices):{4} 6.8% (1993 est.)
{2}Labor force:{4} 17,585
{3}by occupation:{4} largely engaged in fishing, manufacturing, transportation, and commerce
{2}Unemployment rate:{4} 23% (1993)
{2}Budget:{4}
{3}revenues:{4} $407.2 million
{3}expenditures:{4} $482.7 million, including capital expenditures of $NA (1993 est.)
{2}Industries:{4} fishing, shipbuilding, handicrafts
{2}Industrial production growth rate:{4} NA%
{2}Electricity:{4}
{3}capacity:{4} 90,000 kW
{3}production:{4} 200 million kWh
{3}consumption per capita:{4} 3,953 kWh (1992)
{2}Agriculture:{4} potatoes, vegetables; sheep; annual fish catch about 360,000 metric tons
{2}Exports:{4} $345.3 million (f.o.b., 1993 est.)
{3}commodities:{4} fish and fish products 88%, animal feedstuffs, transport equipment (ships) (1989)
{3}partners:{4} Denmark 20%, Germany 18.3%, UK 14.2%, France 11.2%, Spain 7.9%, US 4.5%
{2}Imports:{4} $234.4 million (c.i.f., 1993 est.)
{3}commodities:{4} machinery and transport equipment 24.4%, manufactures 24%, food and livestock
19%, fuels 12%, chemicals 6.5%
{3}partners:{4} Denmark 43.8%, Norway 19.8%, Sweden 4.9%, Germany 4.2%, US 1.3%
{2}External debt:{4} $1.2 billion (1993 est.)
{2}Economic aid:{4}
{3}recipient:{4} ODA, $NA
{3}note:{4} receives an annual subsidy from Denmark of about $130 million
{2}Currency:{4} 1 Danish krone (DKr) = 100 oere
{2}Exchange rates:{4} Danish kroner (DKr) per US$1 - 5.652 (January 1996), 5.602 (1995), 6.361
(1994), 6.484 (1993), 6.036 (1992), 6.396 (1991)
{2}Fiscal year:{4} 1 April - 31 March
{1}Transportation{4}
{2}Railways:{4} 0 km
{2}Highways:{4}
{3}total:{4} 443 km
{3}paved:{4} NA km
{3}unpaved:{4} NA km
{2}Ports:{4} Klaksvick, Torshavn, Tvoroyri
{2}Merchant marine:{4}
{3}total:{4} 7 ships (1,000 GRT or over) totaling 19,879 GRT/18,444 DWT
{3}ships by type:{4} cargo 5, roll-on/roll-off cargo 1, short-sea passenger 1 (1995 est.)
{2}Airports:{4}
{3}total:{4} 1
{3}with paved runways 914 to 1,523 m:{4} 1 (1995 est.)
{1}Communications{4}
{2}Telephones:{4} 27,900 (1984 est.)
{2}Telephone system:{4} good international communications; fair domestic facilities
{3}domestic:{4} NA
{3}international:{4} 3 coaxial submarine cables
{2}Radio broadcast stations:{4} AM 1, FM 3 (repeaters 10), shortwave 0
{2}Radios:{4} 24,000 (1992 est.)
{2}Television broadcast stations:{4} 3 (repeaters 29)
{2}Televisions:{4} 14,000 (1992 est.)
{1}Defense{4}
{2}Branches:{4} no organized native military forces; only a small Police Force and Coast Guard are
maintained
{2}Defense expenditures:{4} $NA, NA% of GDP
Defense note: defense is the responsibility of Denmark