Faroe Islands
NAIndependence none (part of the Kingdom of Denmark
Faroe Islands as the 2009 edition of the CIA World Factbook published it: 116 fields, one of 36 editions from 1990 to 2025.
field in that editiontext changed from the edition beforenot in that editionthe open editionEach field below ends in its editions, 1990 to 2025. Point at a year above to follow it down.
No fields match. Try a shorter word.
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 half way between Iceland and Norway
18 fieldsLand useshare of 1,393 sq km
Location
Northern Europe, island group between the Norwegian Sea and the North Atlantic Ocean, about half way between Iceland and Norway
Environment - international agreements
party to: Marine Dumping - associate member to the London Convention and Ship Pollution
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
20 fieldsAge structuremale left, female right · (2009 est.)
Per 1,000 population
Male · female(2009 est.)
Sex ratio
- at birth:
- 1.07 male(s)/female
- under 15 years:
- 1.07 male(s)/female
- 15-64 years:
- 1.15 male(s)/female
- 65 years and over:
- 0.89 male(s)/female
- total population:
- 1.09 male(s)/female (2009 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 Kaj Leo JOHANNESSEN (since 26 September 2008)
19 fieldsPresidential electionpercent of vote
Faroese Parliament or Logting, 33 seats, elected 19 January 2008one 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 0 (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 34 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 Kaj Leo JOHANNESSEN (since 26 September 2008)
- 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 19 January 2008 (next to be held no later than January 2012)
- election results:
- Joannes EIDESGAARD elected prime minister; governing coalition collapses in September 2008, Kaj Leo JOHANNESSEN becomes Prime Minister
Legislative branch
unicameral Faroese Parliament or Logting (33 seats; members are elected by popular vote on a proportional basis from the seven constituencies to serve four-year terms)
- elections:
- last held 19 January 2008 (next to be held no later than January 2012)
- election results:
- percent of vote by party - Union Party 21%, Social Democratic Party 19.4%, Republican Party 23.3%, People's Party 20.1%, Center Party 8.4%, Self-Government Party 7.2%, other 0.6%;
- seats by party - Republican Party 8, Union Party 7, Social Democratic Party 6, People's Party 7, Center Party 3, Independence Party 2
note: election of two seats to the Danish Parliament was last held on 13 November 2007 (next to be held no later than November 2011); results - percent of vote by party - NA; seats by party - Republican Party 1,
Union Party 1
Political parties and leaders
- Center Party [Jenis A. RANA];
- Independence Party [Kari P. HOJGAARD];
- People's Party [Jorgen NICLASEN];
- Republican Party [Hogni HOYDAL];
- Social Democratic Party [Joannes EIDESGAARD];
- Self-Government Party [Kari P. HOJGAARD];
- Union Party [Kaj Leo JOHANNESEN]
Political pressure groups and leaders
Sea Shepard [Paul WATSON] (preservation of small whales); other: conservationists
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);
- the flag resembles those of neighboring Iceland and Norway, and uses the same three colors - but in a different sequence
Economy
The Faroese economy is dependent on fishing, which makes the economy vulnerable to price swings.
38 fieldsGDP - composition by sector(1999)
Trading partnersexports left, imports right
Electricity
Economy - overview
The Faroese economy is dependent on fishing, which makes the economy vulnerable to price swings. The sector accounts for 95% of exports and nearly half of GDP. Since 2003 the Faroese economy has picked up as a result of higher prices for fish and for housing. Unemployment is minimal and government finances are relatively sound.
Oil finds close to the Islands give hope for economically recoverable deposits, which could eventually lay the basis for a more diversified economy and 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 (DKK) per US dollar - 5.0236 (2008 est.), 5.4797 (2007), 5.9468 (2006), 5.9969 (2005), 5.9911 (2004)
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, 12 ships by typeone square, one ship
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, 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 2009. Archived by The Factbook, thefactbook.org/faroe-islands/2009.