Comparisons / Comparison of Faroe Islands and Marshall Islands

Comparison of Faroe Islands and Marshall Islands [S]ave

Attribute
Faroe Islands
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Marshall Islands
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Geography
Area (km²)1,393181
ContinentEuropeAustralia
Land area (km²)1,393181
Water area (km²)00
Land boundaries (km)00
Coastline (km)1,117370.4
Mean elevation (m)-2
Lowest point (m)00
Highest point (m)88214
People
Population51,62877,917
Official languages
  • Faroese
  • Marshallese
ReligionChristianProtestant
Government
Long country name-Republic of the Marshall Islands
Short country nameFaroe IslandsMarshall Islands
Long local name-Republic of the Marshall Islands
Short local nameForoyarMarshall Islands
Former name-
  • Marshall Islands District
  • Trust Territory of the Pacific Islands
Government typeParliamentary democracyPresidential republic in free association with the US
CapitalTorshavnMajuro
Economy
GDP (PPP) (USD)2,001,000,000196,000,000
GDP (OER) (USD)2,765,000,000222,000,000
GDP (real growth rate) (%)5.92.5
GDP - per capita (PPP) (USD)40,0003,600
Gross national saving (% of GDP)25.7-
Labor force27,54010,670
Unemployment rate (%)2.236
Population below poverty line (%)10-
Budget revenues (USD)835,600,000116,700,000
Budget expenditures (USD)883,800,000113,900,000
Taxes and other revenues (% of GDP)30.252.6
Budget surplus or deficit (% of GDP)-1.71.3
Public debt (% of GDP)3525.5
Inflation rate (%)-0.30
Current account balance (USD)--1,000,000
Exports (USD)1,184,000,0000
Imports (USD)978,400,000103,800,000
External debt (USD)387,600,00097,960,000
National currencyDanish kronerUS Dollar
National currency (code)DKKUSD
National currency (symbol)kr$
National currency rate to USD6.586-



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