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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.

Localização

Northern Europe, island group between the Norwegian Sea and the North Atlantic Ocean, about halfway between Iceland and Norway

Recursos Naturais

fish, whales, hydropower, possible oil and gas

Distribuição da População

the island of Streymoy is by far the most populous with over 40% of the population; it has approximately twice as many inhabitants as Eysturoy, the second most populous island; seven of the inhabited islands have fewer than 100 people

Faroese 93.8% (derived from Old Norse), Danish 3.2%, other 3% (2011 est.)
TORSHAVN (capital) 21,000 (2014)
Designação longa convencional
none
Abreviatura
Faroe Islands
Forma longa local
none
Forma curto local
Foroyar
parliamentary democracy (Faroese Parliament); part of the Kingdom of Denmark
Nome
Torshavn
Coordenadas Geográficas
62 00 N, 6 46 W
Fuso horário
UTC 0 (5 hours ahead of Washington, DC, during Standard Time)
Horário de verão
+1hr, begins last Sunday in March; ends last Sunday in October
The Faroese economy has experienced a period of significant growth since 2011, due to higher fish prices and increased salmon farming and catches in the pelagic fisheries. Nominal GDP, measured in current prices, grew 8.0% in 2015 and 7.8% in 2016. The fisheries sector accounts for about 97% of exports and half of GDP. Dependence on fishing makes the economy vulnerable to price fluctuations. Unemployment is low, estimated at 2.5% in early 2017. Aided by an annual subsidy from Denmark, which amounts to about 4% of Faroese GDP, Faroese have a standard of living equal to that of Denmark.
Inflação
None%
Taxa de imposto total (% dos lucros empresa)
None%
Taxa de juro real
None%
Produção, valor acrescentado (% PIB)
None%
Saldo Corrente
US$
Força de trabalho, total
Emprego na Agricultura
%
Emprego na Industria
%
Emprego nos Serviços
%
Taxa de Desemprego
%
Importação de Produtos e Serviços
US$
Exportação de Produtos e Serviços
US$
Total Comércio de Mercadorias
%
IDE, entradas líquidas
US$
Exportações de serviços comerciais
US$
milk, potatoes, vegetables, sheep, salmon, herring, mackerel and other fish
fishing, fish processing, tourism, small ship repair and refurbishment, handicrafts
Mercadorias
fish and fish products (97%) (2017 est.)
Parceiros
Russia 25.9%, US 8.8%, UK 8.6%, Denmark 7.5%, Germany 5.3%, China 5.2%, Nigeria 5%, Norway 5%, Netherlands 4% (2015)
Mercadorias
goods for household consumption, machinery and transport equipment, fuels, raw materials and semi-manufactures, cars
Parceiros
Denmark 27.7%, Norway 15.3%, Germany 10%, Netherlands 6.2%, China 6%, Sweden 4.7%, Turkey 4% (2015)
Índice de Risco do País
Classificação de Clima de Negócios

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