The 2001 CIA World Factbook. United States. Central Intelligence Agency
pressure groups and leaders: NA
International organization participation: NC, NIB
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 that extends to the edges of the flag; the vertical part of the cross is shifted to the hoist side in the style of the Dannebrog (Danish flag)
Faroe Islands Economy
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 falling 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 help to 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 required to ensure 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 less dependence on Denmark and Danish economic assistance. Aided by a substantial annual subsidy (15% of GDP) from Denmark, the Faroese have a standard of living not far below the Danes and other Scandinavians.
GDP: purchasing power parity - $910 million (2000 est.)
GDP - real growth rate: 5% (2000 est.)
GDP - per capita: purchasing power parity - $20,000 (2000 est.)
GDP - composition by sector: agriculture: 27%
industry: 11%
services: 62% (1999)
Population below poverty line: NA%
Household income or consumption by percentage share: lowest 10%: NA%
highest 10%: NA%
Inflation rate (consumer prices): 5.1% (1999)
Labor force: 24,250 (October 2000)
Labor force - by occupation: fishing, fish processing, and manufacturing 33%, construction and private services 33%, public services 34%
Unemployment rate: 1% (October 2000)
Budget: revenues: $488 million
expenditures: $484 million, including capital expenditures of $21 million (1999)
Industries: fishing, fish processing, shipbuilding, construction, handicrafts
Industrial production growth rate: 8% (1999 est.)
Electricity - production: 170 million kWh (1999)
Electricity - production by source: fossil fuel: 58.82%
hydro: 41.18%
nuclear: 0%
other: 0% (1999)
Electricity - consumption: 158.1 million kWh (1999)
Electricity - exports: 0 kWh (1999)
Electricity - imports: 0 kWh (1999)
Agriculture - products: milk, potatoes, vegetables; sheep; salmon, other fish
Exports: $471 million (f.o.b., 1999)
Exports - commodities: fish and fish products 94%, stamps, ships (1999)
Exports - partners: Denmark 32%, UK 21%, France 9%, Germany 7%,
Iceland 5%, US 5% (1996)
Imports: $469 million (c.i.f., 1999)
Imports - commodities: machinery and transport equipment 29%, consumer goods 36%, raw materials and semi-manufactures 32%, fuels, fish and salt (1999)
Imports - partners: Denmark 28%, Norway 26%, Germany 7%, UK 6%
Sweden 5%, Iceland 4%, US (1999)
Debt - external: $64 million (1999)
Economic aid - recipient: $135 million (annual subsidy from Denmark) (1999)
Currency: Danish krone (DKK)
Currency code: DKK
Exchange rates: Danish kroner per US dollar - 7.951 (January 2001), 8.093 (2000), 6.976 (1999), 6.701 (1998), 6.604 (1997), 5.799 (1966)
Fiscal year: calendar year
Faroe Islands Communications
Telephones - main lines in use: 24,851 (1999)
Telephones - mobile cellular: 10,761 (1999)
Telephone 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: 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
Radio broadcast stations: AM 1, FM 13, shortwave 0 (1998)
Radios: 26,000 (1997)
Television broadcast stations: 3 (plus 43 low-power repeaters)
(September 1995)
Televisions: 15,000 (1997)
Internet country code: .fo
Internet Service Providers (ISPs): 2 (2000)
Internet users: 3,000 (2000)
Faroe Islands Transportation
Railways: 0 km
Highways: total: 463 km
paved: 454 km
unpaved: 9 km (1999)
Waterways: none
Ports and harbors: Torshavn, Klaksvik, Tvoroyri, Runavik,
Fuglafjorour
Merchant marine: total: 6 ships (1,000 GRT or over) totaling 23,247
GRT/11,736 DWT
ships by type: cargo 2, petroleum tanker 1, refrigerated cargo 1, roll on/roll off 1, short-sea passenger 1 (2000 est.)
Airports: 1 (2000 est.)
Airports - with paved runways: total: 1
914 to 1,523 m: 1 (2000 est.)
Faroe Islands Military
Military branches: defense is the responsibility of Denmark; no organized native military forces; only a small Police Force and Coast Guard are maintained
Military expenditures - dollar figure: $NA
Military expenditures - percent of GDP: NA%
Military - note: defense is the responsibility of Denmark
Faroe Islands Transnational Issues
Disputes - international: Faroese are considering proposals for full independence
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@Fiji
Fiji Introduction
Background: Fiji became independent in 1970, after nearly a century as a British colony. Democratic rule was interrupted by two military coups in 1987, caused by concern over a government perceived as dominated by the Indian community (descendants of contract laborers brought to the islands by the British in the 19th century). A 1990 constitution favored native Melanesian control