"text":"The population of the Faroe Islands, a self-governing dependency of Denmark, is largely descended from Viking settlers who arrived in the 9th century. The islands have been connected politically to Denmark since the 14th century. The Home Rule Act of 1948 granted a high degree of self-Government to the Faroese, who have autonomy over most internal affairs and external trade, while Denmark is responsible for justice, defense, and some foreign affairs. The Faroe Islands are not part of the European Union."
"text":"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"
},
"Natural hazards":{
"text":"strong winds and heavy rains can occur throughout the year"
},
"Geography - note":{
"text":"archipelago of 17 inhabited islands and one uninhabited island, and a few uninhabited islets; strategically located along important sea lanes in northeastern Atlantic; precipitous terrain limits habitation to small coastal lowlands"
"text":"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"
"text":"none (part of the Kingdom of Denmark; self-governing overseas administrative division of Denmark)"
},
"National holiday":{
"text":"Olaifest (Olavsoka) (commemorates the death in battle of King OLAF II of Norway, later St. OLAF), 29 July (1030)"
},
"Constitution":{
"history":{
"text":"5 June 1953 (Danish Constitution), 23 March 1948 (Home Rule Act), and 24 June 2005 (Takeover Act) serve as the Faroe Islands' constitutional position in the Unity of the Realm"
},
"amendments":{
"text":"see entry for Denmark"
}
},
"Legal system":{
"text":"the laws of Denmark apply where applicable"
"text":"Queen MARGRETHE II of Denmark (since 14 January 1972), represented by High Commissioner Lene Moyell JOHANSEN, chief administrative officer (since 15 May 2017)"
"text":"Landsstyri appointed by the prime minister"
},
"elections/appointments":{
"text":"the monarchy is hereditary; high commissioner appointed by the monarch; following legislative elections, the leader of the majority party or majority coalition usually elected prime minister by the Faroese Parliament; election last held on 31 August 2019 (next to be held in 2023)"
"text":"unicameral Faroese Parliament or Logting (33 seats; members directly elected in a single nationwide constituency by proportional representation vote; members serve 4-year terms)<br>the Faroe Islands elect 2 members to the Danish Parliament to serve 4-year terms"
},
"elections":{
"text":"Faroese Parliament -last held on 31 August 2019 (next to be held in 2023)<br>Faroese seats in the Danish Parliament last held on 5 June 2019 (next to be held no later than June 2023)"
"text":"Faroese Parliament percent of vote by party - People's Party 24.5%, JF 22.1%, Union Party 20.3%, Republic 18.1%, Center Party 5.4%, Progress Party 4.6%, Self-Government Party 3.4%, other 1.4%, seats by party - People's Party 8, JF 7, Union Party 7, Republic 6, Center Party 2, Progress Party 2, Self-Government Party 1, composition - men 25, women 8; percent of women 24.2% <br>Faroese seats in Danish Parliament - percent of vote by party - NA; seats by party - JF 1, Republic 1; composition - men 2"
"text":"Faroese Court or Raett (Rett - Danish) decides both civil and criminal cases; the Court is part of the Danish legal system"
},
"subordinate courts":{
"text":"Court of the First Instance or Tribunal de Premiere Instance; Court of Administrative Law or Tribunal Administratif; Mixed Commercial Court; Land Court"
"text":"Center Party (Midflokkurin) [Jenis av RANA]<br>People's Party (Folkaflokkurin) [Jorgen NICLASEN]<br>Progress Party (Framsokn) [Poul MICHELSEN]<br>Republic (Tjodveldi) [Hogni HOYDAL] (formerly the Republican Party)<br>Self-Government Party (Sjalvstyri or Sjalvstyrisflokkurin) [Jogvan SKORHEIM]<br>Social Democratic Party (Javnadarflokkurin) or JF [Aksel V. JOHANNESEN]<br>Union Party (Sambandsflokkurin) [Bardur A STEIG NIELSEN]"
"text":"white with a red cross outlined in blue extending to the edges of the flag; the vertical part of the cross is shifted toward the hoist side in the style of the Dannebrog (Danish flag); referred to as Merkid, meaning \"the banner\" or \"the mark,\" the flag resembles those of neighboring Iceland and Norway, and uses the same three colors - but in a different sequence; white represents the clear Faroese sky, as well as the foam of the waves; red and blue are traditional Faroese colors",
"note":"<strong>note:</strong> adopted 1948; the anthem is also known as \"Tu alfagra land mitt\" (Thou Fairest Land of Mine); as a self-governing overseas administrative division of Denmark, the Faroe Islands are permitted their own national anthem"
"text":"<p>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. Fishing has been the main source of income for the Faroe Islands since the late 19th century, but dependence on fishing makes the economy vulnerable to price fluctuations. Nominal GDP, measured in current prices, grew 5.6% in 2015 and 6.8% in 2016. GDP growth was forecast at 6.2% in 2017, slowing to 0.5% in 2018, due to lower fisheries quotas, higher oil prices and fewer farmed salmon combined with lower salmon prices. The fisheries sector accounts for about 97% of exports, and half of GDP. Unemployment is low, estimated at 2.1% in early 2018. Aided by an annual subsidy from Denmark, which amounts to about 11% of Faroese GDP , Faroese have a standard of living equal to that of Denmark. The Faroe Islands have bilateral free trade agreements with the EU, Iceland, Norway, Switzerland, and Turkey.</p><p></p><p>For the first time in 8 years, the Faroe Islands managed to generate a public budget surplus in 2016, a trend which continued in 2017. The local government intends to use this to reduce public debt, which reached 38% of GDP in 2015. A fiscal sustainability analysis of the Faroese economy shows that a long-term tightening of fiscal policy of 5% of GDP is required for fiscal sustainability.</p><p></p><p>Increasing public infrastructure investments are likely to lead to continued growth in the short term, and the Faroese economy is becoming somewhat more diversified. Growing industries include financial services, petroleum-related businesses, shipping, maritime manufacturing services, civil aviation, IT, telecommunications, and tourism.</p>"
"text":"good international and domestic communications; telecommunications network of high standards with excellent coverage throughout most parts of the country and at competitive prices (2020)"
"text":"roughly 31 per 100 teledensity for fixed-line and nearly 121 per 100 for mobile-cellular; both NMT (analog) and GSM (digital) mobile telephone systems are installed (2020)"
"text":"country code - 298; landing points for the SHEFA-2, FARICE-1, and CANTAT-3 fiber-optic submarine cables from the Faroe Islands, to Denmark, Germany, UK and Iceland; satellite earth stations - 1 Orion; (2019)"
"note":"<strong>note:</strong> the COVID-19 pandemic continues to have a significant impact on production and supply chains globally; since 2020, some aspects of the telecom sector have experienced downturn, particularly in mobile device production; many network operators delayed upgrades to infrastructure; progress towards 5G implementation was postponed or slowed in some countries; consumer spending on telecom services and devices was affected by large-scale job losses and the consequent restriction on disposable incomes; the crucial nature of telecom services as a tool for work and school from home became evident, and received some support from governments"
"text":"1 publicly owned TV station; the Faroese telecommunications company distributes local and international channels through its digital terrestrial network; publicly owned radio station supplemented by 3 privately owned stations broadcasting over multiple frequencies"
"note":"<strong>note:</strong> those islands not connected by roads (bridges or tunnels) are connected by seven different ferry links operated by the nationally owned company SSL; 28 km of tunnels"
"text":"the Government of Denmark has responsibility for defense; as such, the Danish military’s Joint Arctic Command in Nuuk, Greenland is responsible for territorial defense of the Faroe Islands; the Joint Arctic Command has a contact element in the capital of Torshavn"
"text":"<p>because anticipated offshore hydrocarbon resources have not been realized, earlier Faroese proposals for full independence have been deferred; Iceland, the UK, and Ireland dispute Denmark's claim to UNCLOS that the Faroe Islands' continental shelf extends beyond 200 nm</p>"
