Statistical information Faroe Islands 1992Faroe%20Islands

Map of Faroe Islands | Geography | People | Government | Economy | Energy | Communication
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Faroe Islands in the World
Faroe Islands in the World



Faroe Islands - Introduction 1992
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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.


Faroe Islands - Geography 1992
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Location

Geographic coordinates

Map reference

Area
Total: 1,400 km²
Land: 1,400 km²
Comparative:
slightly less than eight times the size of Washington,
DC


Land boundaries: none

Coastline: 764 km

Maritime claims
Exclusive fishing zone: 200 nm
Territorial sea: 3 nm
Disputes: none

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

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

Elevation

Natural resources: fish
Land use

Land use: arable land: 2%; permanent crops: 0%; meadows and pastures 0%; forest and woodland 0%; other 98%

Irrigated land

Major rivers

Major watersheds area km²

Total water withdrawal

Total renewable water resources

Natural hazards

Geography


Faroe Islands - People 1992
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Population: 48,588 (July 1992), growth rate 0.9% (1992)

Nationality: noun - Faroese (singular and plural; adjective - Faroese

Ethnic groups: homogeneous Scandinavian population

Languages: Faroese (derived from Old Norse), Danish

Religions: Evangelical Lutheran

Demographic profile
Age structure

Age structure

Dependency ratios

Median age

Population growth rate

Birth rate: 17 births/1000 population (1992)

Death rate: 8 deaths/1000 population (1992)

Net migration rate: 0 migrants/1000 population (1992)

Population distribution

Urbanization

Major urban areas

Environment
Current issues: precipitous terrain limits habitation to small coastal lowlands; archipelago of 18 inhabited islands and a few uninhabited islets
Current issues note:
strategically located along important sea lanes in northeastern
Atlantic about midway between Iceland and Shetland Islands


Air pollutants

Sex ratio

Mothers mean age at first birth

Maternal mortality ratio

Infant mortality rate: 7 deaths/1000 live births (1992)

Life expectancy at birth: 75 years male, 81 years female (1992)

Total fertility rate: 2.2 children born/woman (1992)

Contraceptive prevalence rate

Drinking water source

Current health expenditure

Physicians density

Hospital bed density

Sanitation facility access

Hiv/Aids

Major infectious diseases

Obesity adult prevalence rate

Alcohol consumption

Tobacco use

Children under the age of 5 years underweight

Education expenditures

Literacy: NA% (male NA%, female NA%)

School life expectancy primary to tertiary education

Youth unemployment


Faroe Islands - Government 1992
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Country name
Conventional long form: none

Government 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)

Dependent areas

Independence: part of the Danish realm; self-governing overseas administrative division of Denmark

National holiday: Birthday of the Queen, 16 April (1940)

Constitution: Danish

Legal system: Danish

International law organization participation

Citizenship

Suffrage: universal at age 20
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

Diplomatic representation: none (self-governing overseas administrative division of Denmark)

Executive branch: Danish monarch, high commissioner, prime minister, deputy prime minister, Cabinet (Landsstyri)

Legislative branch: unicameral Parliament (Lgting)

Judicial branch: none

Political parties and leaders

International organization participation

Diplomatic representation

Flag descriptionflag of Faroe%20Islands: 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)

National symbols

National anthem

National heritage


Faroe Islands - Economy 1992
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Economy overview: The Faroese, who have long been enjoying the affluent living standards of the Danes and other Scandinavians, now must cope with the decline of the all-important fishing industry and with an external debt twice the size of annual income. 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 further reductions in the fishing industry, which has already been plagued with bankrupcies. An annual Danish subsidy of 140 million continues to provide roughly one-third of the islands' budget revenues.
GDP: purchasing power equivalent - $662 million, per capita $14,000; real growth rate 3% (1989 est.)

Real gdp purchasing power parity

Real gdp growth rate

Real gdp per capita ppp

Gross national saving
Gdp composition by sector of origin

Gdp composition by end use

Gdp composition by sector of origin

Agriculture products: 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

Industries: fishing, shipbuilding, handicrafts

Industrial production growth rate: growth rate NA%

Labor force: 17,585; largely engaged in fishing, manufacturing, transportation, and commerce
Organized labor: NA
Labor force

Unemployment rate: 5-6% (1991 est.)

Youth unemployment

Population below poverty line

Gini index

Household income or consumption by percentage share

Distribution of family income gini index

Budget: revenues $425 million; expenditures $480 million, including capital expenditures of NA (1991 est.)

Public debt

Taxes and other revenues

Revenue

Fiscal year: 1 April - 31 March

Current account balance

Inflation rate consumer prices

Central bank discount rate

Commercial bank prime lending rate

Stock of narrow money

Stock of broad money

Stock of domestic credit

Market value of publicly traded shares

Current account balance

Exports: $386 million (f.o.b., 1990 est.)
Commodoties: fish and fish products 88%, animal feedstuffs, transport equipment (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.)
Commodoties: 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%

Reserves of foreign exchange and gold

Debt external

Stock of direct foreign investment at home

Stock of direct foreign investment abroad

Exchange rates: Danish kroner (DKr) per US$1 - 6.116 (January 1992), 6.396 (1991), 6.189 (1990), 7.310 (1989), 6.732 (1988), 6.840 (1987)


Faroe Islands - Energy 1992
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Electricity access

Electricity production: 80,000 kW capacity; 280 million kWh produced, 5,910 kWh per capita (1991)

Electricity consumption

Electricity exports

Electricity imports

Electricity installed generating capacity

Electricity transmission distribution losses

Electricity generation sources

Petroleum

Refined petroleum

Natural gas

Carbon dioxide emissions

Energy consumption per capita


Faroe Islands - Communication 1992
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Telephones fixed lines

Telephones mobile cellular

Telephone system

Broadcast media

Internet country code

Internet users

Broadband fixed subscriptions


Faroe Islands - Military 1992
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Military expenditures

Military and security forces

Military service age and obligation

Terrorist groups


Faroe Islands - Transportation 1992
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National air transport system

Civil aircraft registration country code prefix

Airports: 1 with permanent surface runways 1,220-2,439 m

Airports with paved runways

Airports with unpaved runways

Heliports

Pipelines

Railways

Roadways

Waterways

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


Ports and terminals


Faroe Islands - Transnational issues 1992
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Disputes international

Refugees and internally displaced persons

Illicit drugs


Economy Bookings


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