Status: Autonomous part of
Denmark Chief of State: Queen
Margrethe II (1972) High
Commissioner: Birgit Kleis (2001) Prime Minister: Jóannes Eidesgaard
(2004) Total area: 540 sq mi (1,399 sq
km) Population (2007 est.): 47,511
(growth rate: 0.5%); birth rate: 14.1/1000; infant mortality rate:
6.0/1000; life expectancy: 79.5; density per sq mi: 88 Capital and largest city (2003 est.): Tórshavn,
17,300 Monetary unit: Faroese
krone Languages: Faroese, Danish (both
official) Ethnicity/race:
Scandinavian Religion: Evangelical
Lutheran Literacy rate: n.a. Economic summary: GDP/PPP (2001 est.):
$1 billion; $31,000 per capita. Real growth rate: 2.4% (2005
est.). Inflation: 1.8% (2005). Unemployment: 2.1% (Oct.
2000) . Arable land: 2%. Agriculture: milk, potatoes,
vegetables; sheep; salmon, other fish. Labor force: 24,250
(2006): fishing, fish processing, and manufacturing 33%, construction
and private services 33%, public services 34%. Industries:
fishing, fish processing, small ship repair and refurbishment,
handicrafts. Exports: $634 million f.o.b. (2006 est.): fish and
fish products 94%, stamps, ships (1999). Imports: $751 million
c.i.f. (2006): machinery and transport equipment 29%, consumer goods
36%, raw materials and semi-manufactures 32%, fuels, fish and salt
(1999). Major trading partners: Denmark, UK, Norway, Iceland,
Sweden, Nigeria, Netherlands (2006). Major sources and definitions |
