Attribute | Value |
---|---|
Geography | |
Area | 1,393 km² |
Continent | Europe |
Land area | 1,393 km² |
Water area | 0 km² |
Land boundaries | 0 km |
Border countries | Add |
Coastline | 1,117 km |
Mean elevation | Add |
Lowest point | 0 m |
Highest point | 882 m |
People | |
Population | 51,628 |
Official languages |
|
Religion | Christian |
Government | |
Long country name | Add |
Short country name | Faroe Islands |
Long local name | Add |
Short local name | Foroyar |
Former name | Add |
Government type | Parliamentary democracy |
Capital | Torshavn |
Economy | |
GDP (PPP) | 2,001,000,000 USD |
GDP (OER) | 2,765,000,000 USD |
GDP (real growth rate) | 5.9 % |
GDP - per capita (PPP) | 40,000 USD |
Gross national saving | 25.7 % of GDP |
Labor force | 27,540 |
Unemployment rate | 2.2 % |
Population below poverty line | 10 % |
Budget revenues | 835,600,000 USD |
Budget expenditures | 883,800,000 USD |
Military expenditures | Add |
Taxes and other revenues | 30.2 % of GDP |
Budget surplus or deficit | -1.7 % of GDP |
Public debt | 35 % of GDP |
Inflation rate | -0.3 % |
Central bank discount rate | Add |
Commercial bank prime lending rate | Add |
Stock of narrow money | Add |
Stock of broad money | Add |
Stock of domestic credit | Add |
Market value of publicly traded shares | Add |
Current account balance | Add |
Exports | 1,184,000,000 USD |
Imports | 978,400,000 USD |
Reserves of foreign exchange and gold | Add |
External debt | 387,600,000 USD |
National currency | Danish kroner |
National currency (code) | DKK |
National currency (symbol) | kr |
National currency rate to USD | 6.586 |
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.