Statistical information Faroe Islands 2016

Faroe Islands in the World
top of pageBackground: 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.
top of pageLocation: Northern Europe island group between the Norwegian Sea and the North Atlantic Ocean about halfway between Iceland and Norway
Geographic coordinates: 62 00 N 7 00 W
Map reference:
EuropeAreaTotal: 1393 km²
Land: 1393 km²
Water: 0 km²
Rank: 183
Comparative: eight times the size of Washington DC
Land boundaries: 0 km
Coastline: 1117 km
Maritime claimsTerritorial sea: 3 nm
Continental shelf: 200 nm or agreed boundaries or median line
Exclusive fishing zone: 200 nm or agreed boundaries or median line
Climate: mild winters cool summers; usually overcast; foggy windy
Terrain: rugged rocky some low peaks; cliffs along most of coast
ElevationMean elevation: NA
Elevation extremes: lowest point: Atlantic Ocean 0 m: highest point: Slaettaratindur 882 m
Natural resources: fish whales hydropower possible oil and gas
Land useAgricultural land: 2.1%
arable land: 2.1%
permanent crops: 0%
permanent pasture: 0%
Forest: 0.1%
Other: 97.8%
Irrigated landMajor riversMajor watersheds area km²Total water withdrawalTotal renewable water resourcesNatural hazards: NA
GeographyNote: 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 lowlands
top of pagePopulationDistribution: the island of Streymoy is by far the most populous with over 40% of the population; it has approximately twice as many inhabitants as Eysturoy the second most populous island; seven of the inhabited islands have less than 100 people: 50,456 (July 2016 est.)
Rank: 212
Growth rate: 0.53% (2016 est.)
Growth rate rank: 158
Below poverty line: NA%
NationalityNoun: Faroese
Adjective: Faroese
Ethnic groups: Faroese 89.2% (Scandinavian and Anglo-Saxon descent) Danish 7.1% other 3.7% (includes Icelander Norwegian Greenlander Filipino Thai British)
Note: data represent respondents by country of birth
Languages: Faroese 93.8% (derived from Old Norse) Danish 3.2% other 3% (2011 est.)
Religions: Christian 89.3% (predominantly Evangelical Lutheran) other 0.7% more than one religion 0.2% none 3.8% unspecified 6% (2011 est.)
Demographic profileAge structure0-14 years: 19.98%
15-24 years: 14.62%
25-54 years: 37.25%
55-64 years: 11.66%
65 years and over: 16.49% (2016 est.)
Dependency ratiosMedian ageTotal: 37.7 years
Male: 37.1 years
Female: 38.4 years
Rank: 64
Population growth rate: 0.53% (2016 est.)
Rank: 158
Birth rate: 14 births/1000 population (2016 est.)
Rank: 139
Death rate: 8.7 deaths/1000 population (2016 est.)
Rank: 73
Net migration rate: 0 migrant(s)/1000 population (2016 est.)
Rank: 82
Population distribution: the island of Streymoy is by far the most populous with over 40% of the population; it has approximately twice as many inhabitants as Eysturoy the second most populous island; seven of the inhabited islands have less than 100 people
UrbanizationUrban population: 42% of total population
Rate of urbanization: 0.47% annual rate of change
Major urban areasPopulation: TORSHAVN (capital) 21,000 (2014)
EnvironmentCurrent issues: NA
International agreements party to: Marine Dumping - associate member to the London Convention and Ship Pollution
Air pollutantsSex ratioAt birth: 1.07 male/female
0-14 years: 1.07 male/female
15-24 years: 1.05 male/female
25-54 years: 1.18 male/female
55-64 years: 1.06 male/female
65 years and over: 0.94 male/female
Total population: 1.08 male/female
Mothers mean age at first birthMaternal mortality ratioInfant mortality rateTotal: 5.5 deaths/1000 live births
Male: 5.8 deaths/1000 live births
Female: 5.2 deaths/1000 live births
Rank: 171
Life expectancy at birthTotal population: 80.4 years
Male: 77.8 years
Female: 83.1 years
Rank: 38
Total fertility rate: 2.36 children born/woman (2016 est.)
Rank: 83
Contraceptive prevalence rateDrinking water sourceCurrent health expenditurePhysicians densityHospital bed density: 4.7 beds/1000 population (2012)
Sanitation facility accessHiv/AidsAdult prevalence rate: NA
People living with hivaids: NA
Deaths: NA
Major infectious diseasesObesity adult prevalence rateAlcohol consumptionTobacco useChildren under the age of 5 years underweightEducation expendituresLiteracySchool life expectancy primary to tertiary educationYouth unemploymenttop of pageCountry nameConventional long form: none
Conventional short form: Faroe Islands
Local long form: none
Local short form: Foroyar
Etymology: the archipelgo's name may derive from the Old Norse word 'faer' meaning sheep
Government type: parliamentary democracy (Faroese Parliament); part of the Kingdom of Denmark
CapitalName: TorshavnGeographic coordinates: 62 00 N 6 46 W
Time difference: UTC 0
Daylight saving time: +1hr begins last Sunday in March; ends last Sunday in October
Administrative 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 30 municipalities
Dependent areasIndependence: none (part of the Kingdom of Denmark; self-governing overseas administrative division of Denmark)
National holiday: Olaifest (Olavsoka) 29 July
Constitution: 5 June 1953 (Danish Constitution) 23 March 1948 (Home Rule Act) and 24 June 2005 (Takeover Act) serve as the Faroe Islands constitutional position in the Unity of the Realm (2016)
Legal system: the laws of Denmark where applicable apply
International law organization participationCitizenship: see Denmark
Suffrage: 18 years of age; universal
Executive branchChief of state: Queen MARGRETHE II of Denmark represented by High Commissioner Dan Michael KNUDSEN chief administrative officer (since 1 January 2008)
Head of government: Prime Minister Aksel V. JOHANNESEN
Cabinet: Landsstyri appointed by the prime minister
Electionsappointments: the monarchy is hereditary; high commissioner appointed by the monarch; following legislative elections the leader of the majority party or majority coalition usually elected prime minister by the Faroese Parliament; election last held on 1 September 2015
Election results: Aksel V. JOHANNESEN elected prime minister; Parliament vote - NA
Legislative branchDescription: unicameral Faroese Parliament or Logting
Note: election of 2 seats to the Danish Parliament was last held on 18 June 2015 ; percent of vote by party - NA; seats by party - Social Democratic Party 1 Republic 1
Elections: last held on 1 September 2015
Election results: percent of vote by party - Social Democratic Party 25.1% Republic 20.7% People's Party 18.9% Union Party 18.7% Progressive Party 7.0% Center Party 5.5% Self-Government Party 4.1%; seats by party - Social Democratic Party 8 Republic 7 People's Party 6 Union Party 6 Center Party 2 Progressive Party 2 Self-Government Party 2
Judicial branchHighest court: Faroese Court or Raett decides both civil and criminal cases; the Court is part of the Danish legal system
Subordinate courts: Court of the First Instance or Tribunal de Premiere Instance; Court of Administrative Law or Tribunal Administratif; Mixed Commercial Court; Land Court - expected to begin in 2016
Political parties and leaders:
Center Party (Midflokkurin) [Jenis av RANA]
Independence (or Self-Govenment) Party (Sjalvstyrisflokkurin) [Jogvan SKORHEIM]
People's Party (Folkaflokkurin) [Jorgen NICLASEN]
Progressive Party (Framsokn) [Poul MICHELSEN]
Republic (Tjodveldi) (formerly the Republican Party) [Hogni HOYDAL]
Social Democratic Party (Javnadarflokkurin) [Aksel V. JOHANNESEN]
Union Party (Sambandsflokkurin) [Bardur a STEIG NIELSEN]
International organization participation: Arctic Council IMO (associate) NC NIB UNESCO (associate) UPU
Diplomatic representationIn the us: none (self-governing overseas administrative division of Denmark)
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 colors
National symbols: ram; national colors: red white blue
National anthemName: 'Mitt alfagra land'
Lyrics and music: Simun av SKAROI/Peter ALBERG
Note: adopted 1948; the anthem is also known as 'Tu alfagra land mitt' ; as a self-governing overseas administrative division of Denmark the Faroe Islands are permitted their own national anthem
National heritagetop of pageEconomy overview:
The Faroese economy has experienced a period of significant growth since 2011 due to increases in fish prices salmon farming and catches in the pelagic fisheries. Nominal GDP growth was an estimated 7.5% in 2013 and 5.9% in 2014. The fisheries sector accounts for about 95% of exports and half of GDP. Unemployment is low estimated at 2.9% in mid-2015.
The public budget has exhibited deficits since 2008 which were financed through increased borrowing. Public debt reached 38% of GDP in 2015. Aided by an annual subsidy from Denmark amounting to about 4% of Faroese GDP the Faroese have a standard of living equal to that of Denmark.
Dependence on fishing makes the economy vulnerable to price fluctuations. Projections for fish prices are favorable and increasing public infrastructure investments are likely to lead to continued growth in the short term.
Real gdp purchasing power parity:
$1.831 billion (2014 est.)
$1.729 billion (2013 est.)
$1.471 billion (2013 est.)
Rank: 198
Real gdp growth rate:
5.9% (2014 est.)
7.5% (2013 est.)
2.9% (2013 est.)
Rank: 32
Real gdp per capita: $36,600 (2014 est.)
Rank: 48
Gross national savingGdp composition by sector of origin
Gdp composition by end useGdp composition by sector of originAgriculture: 16%
Industry: 29%
Services: 55%
Agriculture products: milk potatoes vegetables; sheep; salmon herring mackerel and other fish
Industries: fishing fish processing tourism small ship repair and refurbishment handicrafts
Industrial production growth rate: 3.4% (2009 est.)
Rank: 64
Labor force: 25,000 (2015 est.)
Rank: 208
By occupation agriculture: 10.7%
By occupation industry: 18.9%
By occupation services: 70.3%
Unemployment rate:
2.9% (2015 est.)
3.1% (2014)
Rank: 20
Youth unemploymentPopulation below poverty line: NA%
Gini indexHousehold income or consumption by percentage shareLowest 10: NA%
Highest 10: NA%
Distribution of family income gini indexBudgetRevenues: $1.025 billion
Expenditures: $1.301 billion
Note: Denmark supplies the Faroe Islands with almost one-third of their public funds
Surplus or deficit: -11.9% of GDP (2010 est.)
Surplus or deficit rank: 205
Taxes and other revenues: 44.2% of GDP (2010 est.)
Rank: 23
Public debtRevenueFiscal year: calendar year
Inflation rate consumer prices:
2.3% (2011)
0.4% (2010)
Rank: 129
Central bank discount rateCommercial bank prime lending rateStock of narrow moneyStock of broad moneyStock of domestic creditMarket value of publicly traded sharesCurrent account balanceExports:
$824 million (2010)
$767 million (2009)
Rank: 163
Commodities: fish and fish products 95% ships (2009 est.)
Partners: Russia 20.2% UK 16.6% Denmark 16.3% Nigeria 11.6% China 9.3% US 7.2% Netherlands 5.6% Norway 4% (2015)
Imports:
$776 million (2010)
$786 million (2009)
Rank: 186
Commodities: goods for household consumption machinery and transport equipment fuels raw materials and semi-manufactures cars
Partners: Denmark 43.9% Turkey 12.3% Norway 10% China 6.2% Netherlands 4.9% Germany 4.4% (2015)
Reserves of foreign exchange and goldDebt external:
$888.8 million (2010)
$68.1 million (2006)
Rank: 167
Stock of direct foreign investment at homeStock of direct foreign investment abroadExchange rates:
Danish kroner (DKK) per US dollar -
5.79 (2012 est.)
5.3687 (2011 est.)
top of pageElectricityAccess electrification total population: 100%
Production: 300 million kWh (2014 est.)
Production rank: 181
Consumption: 300 million kWh (2014 est.)
Consumption rank: 185
Exports: 0 kWh (2013 est.)
Exports rank: 139
Imports: 0 kWh (2013 est.)
Imports rank: 150
Installed generating capacity: 100,000 kW (2014 est.)
Installed generating capacity rank: 172
Generation sources fossil fuels: 60.1% of total installed capacity (2012 est.)
Generation sources fossil fuels rank: 134
Generation sources nuclear: 0% of total installed capacity (2012 est.)
Generation sources nuclear rank: 93
Generation sources hydroelectricity: 36.1% of total installed capacity (2012 est.)
Generation sources hydroelectricity rank: 63
Generation sources other renewable sources: 3.8% of total installed capacity (2012 est.)
Generation sources other renewable sources rank: 64
CoalPetroleumPetroleum total petroleum production: 0 bbl/day (2015 est.)
Petroleum total petroleum production rank: 137
Crude oil exports: 0 bbl/day (2013 est.)
Crude oil exports rank: 126
Crude oil imports: 0 bbl/day (2013 est.)
Crude oil imports rank: 191
Crude oil proven reserves: 0 bbl (1 January 2016 es)
Crude oil proven reserves rank: 135
Crude oilRefined petroleumProducts production: 0 bbl/day (2013 est.)
Products production rank: 183
Products consumption: 4,400 bbl/day (2014 est.)
Products consumption rank: 170
Products exports: 0 bbl/day (2013 est.)
Products exports rank: 182
Products imports: 4,295 bbl/day (2013 est.)
Products imports rank: 162
Natural gasProduction: 0 m³ (2013 est.)
Production rank: 188
Consumption: 0 m³ (2013 est.)
Consumption rank: 144
Exports: 0 m³ (2013 est.)
Exports rank: 100
Imports: 0 m³ (2013 est.)
Imports rank: 197
Proven reserves: 0 m³ (1 January 2014 es)
Proven reserves rank: 140
Carbon dioxide emissionsFrom consumption of energy: 800,000 Mt (2013 est.)
From consumption of energy rank: 173
Energy consumption per capitatop of pageTelephonesFixed lines total subscriptions: 17,000
Fixed lines subscriptions per 100 inhabitants: 34
Fixed lines rank: 189
Mobile cellular total: 63,000
Mobile cellular subscriptions per 100 inhabitants: 126
Mobile cellular rank: 199
Telephone systemGeneral assessment: good international communications; good domestic facilities
Domestic: conversion to digital system completed in 1998; both NMT and GSM (digital) mobile telephone systems are installed
International: 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
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 3 privately owned stations broadcasting over multiple frequencies (2015)
InternetCountry code: .fo
Users total: 47,000
Users percent of population: 94.2%
Users rank: 188
Broadband fixed subscriptionstop of pageMilitary expendituresMilitary and security forcesMilitary service age and obligationSpace programTerrorist groupstop of pageNational air transport systemNumber of registered air carriers: 1
Inventory of registered aircraft operated by air carriers: 3 (2015)
Civil aircraft registration country code prefix: OY-H (2016)
Airports: 1 (2013)
Rank: 217
With paved runways total: 1
With paved runways 15-24 to 2437 m: 1
HeliportsPipelinesRailwaysRoadwaysTotal: 960 km
Rank: 197
WaterwaysMerchant marineTotal: 37
By type: cargo 20 chemical tanker 7 container 2 passenger/cargo 3 refrigerated cargo 3 roll on/roll off 2
Foreign owned: 28 (2010)
Rank: 79
Ports and terminalsMajor seaport: Fuglafjordur Torshavn Vagur
top of pageDisputes 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
Refugees and internally displaced personsIllicit drugs