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Faroe Islands Faroe Islands
Faroe Islands

Faroe Islands

The Faroe Islands (; Faroese: Føroyar, pronounced [ˈfœɹjaɹ]; Danish: Færøerne, pronounced [ˈfæɐ̯ˌøˀɐnə]), or the Faeroe Islands, is a North Atlantic archipelago located 320 kilometres (200 mi) north-northwest of Scotland, and about halfway between Norway and Iceland. It is an autonomous territory within the Kingdom of Denmark. The islands have a total area of about 1,400 square kilometres (540 sq mi) with a population of 51,783 as of June 2019.The terrain is rugged; the climate is subpolar oceanic climate (Cfc)—windy, wet, cloudy, and cool. Temperatures average above freezing throughout the year because of the Gulf Stream. As a result of the moderation and the northerly latitude, summers normally hover around 12 °C (54 °F). Average temperatures are 5 °C (41 °F) in winter. The northerly latitude location also results in perpetual civil twilight during summer nights and very short winter days. Between 1035 and 1814 the Faroes were part of the Kingdom of Norway, which was in a personal union with Denmark from 1450. In 1814 the Treaty of Kiel transferred Norway to the king of Sweden, on the winning side of the Napoleonic wars, whereas the king of Denmark, on the losing side, retained the Faroes, along with the... [More]
  • Last : 10,118.1
  • High : 10,215.5
  • Low : 10,051.4
  • Max Fluctuation : 71.1
  • Max Fluctuation % : 0.26%
  • Open : 10,118.9
  • Time : 04:56:11
  • Yesterday : 10,065.4
  • Change % : 0.52%
  • Change : 52.7
  • Last : 1,603.47
  • High : 1,604.81
  • Low : 1,599.61
  • Max Fluctuation : 0.65
  • Max Fluctuation % : 0%
  • Open : 1,602.31
  • Time : 04:57:23
  • Yesterday : 1,602.07
  • Change % : 0.09%
  • Change : 1.4
  • Last : 52.23
  • High : 52.45
  • Low : 52.19
  • Max Fluctuation : 0.09
  • Max Fluctuation % : 0.04%
  • Open : 52.31
  • Time : 04:57:12
  • Yesterday : 52.34
  • Change % : 0.21%
  • Change : 0.11
  • Last : 0.926
  • High : 0.927
  • Low : 0.9234
  • Max Fluctuation : -
  • Max Fluctuation % : -
  • Open : 0.9268
  • Time : 04:57:06
  • Yesterday : 0.9267
  • Change % : 0.08%
  • Change : 0.0007

Faroe Islands Economic Indicators + Forecasts

  • Actual

  • Forecast

Indicator Last Time Previous Range Frequency Metric

Balance of Trade

0 19 Nov 453838 -699736 : 453838 Monthly DKK Thousand

Business Confidence

0 19 Jun 7 -36 : 40 Quarterly points

Consumer Confidence

0 19 Jun 11 -29 : 19 Quarterly points

Consumer Price Index Cpi

0 19 Dec 121 99.3 : 194 Quarterly points

Economic Optimism Index

0 19 Jun 21 -29 : 47 Quarterly

Exports

0 19 Nov 1185981 117047 : 1185981 Monthly DKK Thousand

Fiscal Expenditure

0 18 Dec 8929 3948 : 9745 Yearly DKK Million

Food Inflation

0 19 Dec 1.7 -1.6 : 8.7 Quarterly %

Government Budget

5.10 17 Dec 2.6 -4.9 : 12.6 Yearly %

Government Budget Value

0 18 Dec 951 -592 : 1745 Yearly DKK Million

Government Revenues

0 18 Dec 9880 5104 : 10453 Yearly DKK Million

Government Spending To GDP

47.70 17 Dec 47.5 47.5 : 59.7 Yearly %

Imports

0 19 Nov 732142 94549 : 1111938 Monthly DKK Thousand

Inflation Rate

1.50 19 Dec 0.9 -3.1 : 7.9 Quarterly %

Inflation Rate Mom

0 19 Dec 0.1 -1.3 : 2.2 Quarterly %

Population

0.05 18 Dec 0.05 0.04 : 0.05 Yearly Million

Unemployed Persons

0 19 Oct 286 279 : 2924 Monthly

Unemployment Rate

1.00 19 Oct 1 1 : 14.3 Monthly %
Indicator Actual Q2/19 Q3/19 Q4/19 Q1/20 2020 Metric
Government Budget 5.10 3.2 3.2 3.2 3.2 2.5 %
Government Spending To GDP 47.70 44.6 44.6 44.6 44.6 44 %
Inflation Rate 1.50 2.1 2 2 2 2 %
Population 0.05 0.05 0.05 0.05 0.05 0.05 Million
Unemployment Rate 1.00 1.2 1.2 1.2 1.3 1.5 %