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Faroe Islands

Faroe Islands
Standards
Road Traffic:right side
Electricity:
Voltage:
Frequency:
Plug types:
Geography
Bordering countries:

Location:
Northern Europe, island group between the Norwegian Sea and the North Atlantic Ocean, about one-half of the way from Iceland to Norway
Area:
total: 1,399 sq km
land: 1,399 sq km
water: 0 sq km (some lakes and streams)
Climate:
mild winters, cool summers; usually overcast; foggy, windy
Terrain:
rugged, rocky, some low peaks; cliffs along most of coast
Economy
GDP: $1 billion (2001 est.)
GDP growth rate: 10% (2001 est.)
GDP per capita: $31,000 (2001 est.)
Inflation rate: 5.1% (1999)
Currency: Danish krone (DKK)
Exchange rates:
Danish kroner per US dollar - 5.93667 (2006), 5.9969 (2005), 5.9911 (2004), 6.5877 (2003), 7.8947 (2002)
People
Population: 47,246 (July 2006 est.)
Growth rate: 0.58% (2006 est.)
Religions:
Evangelical Lutheran
Languages:
Faroese (derived from Old Norse), Danish
Government
Capital:
name: Torshavn
time difference: UTC (5 hours ahead of Washington, DC during Standard Time)
daylight saving time: +1hr, begins last Sunday in March; ends last Sunday in October
Independence:
none (part of the Kingdom of Denmark; self-governing overseas administrative division of Denmark)


Note: Information on Faroe Islands was mainly sourced from CIA's World Factbook and may represent an American point of view. To learn more about Faroe Islands, please visit one of the links below.


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Investments/Developments in Faroe Islands

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