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#CARD:Faroe Islands:Geography
#IMAGE 49 66 TWPCX \maps\Faroe_Is.PCX
THE WORLD FACTBOOK Click Here for MAP
Faroe Islands
Geography
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
#ENDCARD
#CARD:Faroe Islands:People
THE WORLD FACTBOOK
Faroe Islands
People
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
#ENDCARD
#CARD:Faroe Islands:Government
THE WORLD FACTBOOK
Faroe Islands
Government
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
#ENDCARD
#CARD:Faroe Islands:Government
THE WORLD FACTBOOK
Faroe Islands
Government
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)
#ENDCARD
#CARD:Faroe Islands:Economy
THE WORLD FACTBOOK
Faroe Islands
Economy
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
#ENDCARD
#CARD:Faroe Islands:Economy
THE WORLD FACTBOOK
Faroe Islands
Economy
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
#ENDCARD
#CARD:Faroe Islands:Communications
THE WORLD FACTBOOK
Faroe Islands
Communications
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
#ENDCARD
#CARD:Faroe Islands:Defense Forces
THE WORLD FACTBOOK
Faroe Islands
Defense Forces
Branches:
small Police Force, no organized native military forces
Note:
defense is the responsibility of Denmark
#ENDCARD