Faroe Islands
part of the Danish realmIndependence part of the Danish realm
Faroe Islands as the 1990 edition of the CIA World Factbook published it: 67 fields, one of 36 editions from 1990 to 2025.
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Geography
14 fieldsLand useshare of 1,400 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 about midway between Iceland and Shetland Islands
People
14 fieldsPer 1,000 population(1990)
Government
Part of the Danish realm
17 fieldsParliament, 32 seats, elected 8 November 1988one dot, one seat
Executive branch
Danish monarch, high commissioner, prime minister, deputy prime minister, Cabinet (Landsstyri)
Judicial branch
- none Chief of State--Queen MARGRETHE II (since 14 January 1972), represented by High Commissioner Bent KLINTE (since NA);
- Head of Government--Prime Minister Jogvan SUNDSTEIN (since 17 January 1989)
Political parties and leaders
- four-party ruling coalition--People's Party, Jogvan Sundstein;
- Republican Party, Signer Hansen;
- Progressive and Fishing Industry Party combined with the Christian People's Party (CPP-PFIP);
- Home Rule Party, Hilmar Kass;
- opposition--Social Democratic Party, Atli P. Dam;
- Cooperation Coalition Party, Pauli Ellefsen;
- Progress Party
Suffrage
- universal at age 20 Parliament--last held 8 November 1988 (next to be held November 1992);
- results--percent of vote by party NA;
- seats--(32 total) three-party coalition 21 (People's Party 8, Cooperation Coalition Party 7, Republican Party 6);
- Social Democrat 7, CPP-PFIP 2, Home Rule 2
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)
Economy
The Faroese enjoy the high standard of living characteristic of the Danish and other Scandinavian economies.
16 fieldsImports $363 million (c.i.f., 1986)commodities, where a share is given
Overview
The Faroese enjoy the high standard of living characteristic of the Danish and other Scandinavian economies. Fishing is the dominant economic activity. It employs over 25% of the labor force, accounts for about 25% of GDP, and contributes over 80% to export revenues. A handicraft industry employs about 20% of the labor force.
Because of cool summers agricultural activities are limited to raising sheep and to potato and vegetable cultivation. There is a labor shortage, and immigrant workers accounted for 5% of the work force in 1989. Denmark annually subsidizes the economy, perhaps on the order of 15% of GDP.
Exports
- $267 million (f.o.b., 1986);
- commodities--fish and fish products 86%, animal feedstuffs, transport equipment;
- partners--Denmark 18%, US 14%, FRG, France, UK, Canada
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
Exchange rates
Danish kroner (DKr) per US$1--6.560 (January 1990), 7.310 (1989), 6.732 (1988), 6.840 (1987), 8.091 (1986), 10.596 (1985)
Communications
5 fieldsMerchant marine, 7 ships by typeone square, one ship
Telecommunications
- good international communications;
- fair domestic facilities;
- 27,900 telephones;
- stations--1 AM, 3 (10 repeaters) FM, 3 (29 repeaters) TV;
- 3 coaxial submarine cables
Defense Forces
1 fieldCite this entry
Central Intelligence Agency. “Faroe Islands.” The World Factbook 1990. Archived by The Factbook, thefactbook.org/faroe-islands/1990.