Faroe Islands
NAIndependence none (part of the Kingdom of Denmark
Faroe Islands as the 2006 edition of the CIA World Factbook published it: 113 fields, one of 36 editions from 1990 to 2025.
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Introduction
1 fieldBackground
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.
Geography
Northern Europe, island group between the Norwegian Sea and the North Atlantic Ocean, about one-half of the way from Iceland to Norway
17 fieldsLand useshare of 1,399 sq km
Location
Northern Europe, island group between the Norwegian Sea and the North Atlantic Ocean, about one-half of the way from Iceland to Norway
Geography - note
- 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
People
19 fieldsAge structuremale left, female right · (2006 est.)
Per 1,000 population(2006 est.)
Male · female(2006 est.)
Government
NA; Queen MARGRETHE II of Denmark (since 14 January 1972), represented by High Commissioner Birgit KLEIS, chief administrative officer (since 1 November 2001); Prime Minister Joannes EIDESGAARD (since 3 February 2004)
19 fieldsPresidential electionpercent of vote
Faroese Parliament or Logting, 32 seats, elected 20 January 2004one dot, one seat
Percent of vote
Country name
- conventional long form:
- none
- conventional short form:
- Faroe Islands
- local long form:
- none
- local short form:
- Foroyar
Dependency status
part of the Kingdom of Denmark; self-governing overseas administrative division of Denmark since 1948
Capital
- name:
- Torshavn
- geographic coordinates:
- 62 01 N, 6 46 W
- time difference:
- UTC (5 hours ahead of Washington, DC during Standard Time)
- 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 49 municipalities
Independence
none (part of the Kingdom of Denmark; self-governing overseas administrative division of Denmark)
Executive branch
- chief of state:
- Queen MARGRETHE II of Denmark (since 14 January 1972), represented by High Commissioner Birgit KLEIS, chief administrative officer (since 1 November 2001)
- head of government:
- Prime Minister Joannes EIDESGAARD (since 3 February 2004)
- cabinet:
- Landsstyri appointed by the prime minister
- elections:
- the monarch is hereditary;
- high commissioner appointed by the monarch;
- following legislative elections, the leader of the majority party or the leader of the majority coalition is usually elected prime minister by the Faroese Parliament;
- election last held 20 January 2004 (next to be held no later than January 2008)
- election results:
- Joannes EIDESGAARD elected prime minister; percent of parliamentary vote - NA
Legislative branch
unicameral Faroese Parliament or Logting (32 seats; members are elected by popular vote on a proportional basis from the seven constituencies to serve four-year terms)
- elections:
- last held 20 January 2004 (next to be held no later than January 2008)
- election results:
- percent of vote by party - Union Party 23.7%, Social Democratic Party 21.8%, Republican Party 21.7%, People's Party 20.6%, Center Party 5.2%, Independence Party 4.6%;
- seats by party - Union Party 7, Social Democratic Party 7, Republican Party 8, People's Party 7, Center Party 2, Independence Party 1
note: election of two seats to the Danish Parliament was last held on 8 February 2005 (next to be held February 2009); results - percent of vote by party - NA; seats by party - Republican Party 1,
People's Party 1
Political parties and leaders
- Center Party [Jenis A. RANA];
- Independence Party [Kari P. HOJGAARD];
- People's Party [Anfinn KALLSBERG];
- Republican Party [Hogni HOYDAL];
- Social Democratic Party [Joannes EIDESGAARD];
- Union Party [Kaj Leo JOHANNESEN]
Diplomatic representation in the US
none (self-governing overseas administrative division of Denmark)
Diplomatic representation 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)
Economy
The Faroese economy has had a strong performance since 1994, mostly as a result of increasing fish landings and high and stable export prices.
37 fieldsGDP - composition by sector(1999)
Trading partnersexports left, imports right
Electricity
Economy - overview
The Faroese economy has had a strong performance since 1994, mostly as a result of increasing fish landings and high and stable export prices. Unemployment is minimal and there are signs of labor shortages in several sectors. The positive economic development has helped the Faroese Home Rule Government produce increasing budget surpluses, which in turn have helped reduce the large public debt, most of it owed to Denmark.
However, the total dependence on fishing makes the Faroese economy extremely vulnerable, and the present fishing efforts appear in excess of what is a sustainable level of fishing in the long term. Oil finds close to the Faroese area give hope for deposits in the immediate Faroese area, which may eventually lay the basis for a more diversified economy and thus lessen dependence on Danish economic assistance.
Aided by a substantial annual subsidy (about 15% of GDP) from Denmark, the Faroese have a standard of living not far below the Danes and other Scandinavians.
Imports - commodities
consumer goods 36%, raw materials and semi-manufactures 32%, machinery and transport equipment 29%, fuels, fish, salt (1999)
Exchange rates
Danish kroner per US dollar - 5.9969 (2005), 5.9911 (2004), 6.5877 (2003), 7.8947 (2002), 8.3228 (2001)
Communications
8 fieldsTelephone system
- general assessment:
- good international communications; good domestic facilities
- domestic:
- digitalization was completed in 1998; both NMT (analog) 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
Transportation
5 fieldsMerchant marine, 18 ships by typeone square, one ship · ships (1000 GRT or over) 19,265 GRT/9,171 DWT
Airports by runway lengthpaved only
Military
No regular military forces
6 fieldsTransnational Issues
1 fieldDisputes - international
- because anticipated offshore hydrocarbon resources have not been realized, earlier Faroese proposals for full independence have been deferred;
- Iceland disputes the Faroe Islands' fisheries median line boundary;
- Iceland, the UK, and Ireland dispute Denmark's claim that the Faroe Islands' continental shelf extends beyond 200 nm
Cite this entry
Central Intelligence Agency. “Faroe Islands.” The World Factbook 2006. Archived by The Factbook, thefactbook.org/faroe-islands/2006.