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Faroe Islands

Faroe Islands

The Faroe or Faeroe Islands ( FAIR-oh), or simply the Faroes (Faroese: Føroyar [ˈfœɹjaɹ] ; Danish: Færøerne [ˈfeɐ̯ˌøˀɐnə]), is a North Atlantic island group and an autonomous territory of the Kingdom of Denmark. They are located 320 kilometres (200 mi) north-northwest of the United Kingdom, and about halfway between Norway (580 kilometres (360 mi) away) and Iceland (430 kilometres (270 mi) away). The islands form part of the Kingdom of Denmark, along with mainland Denmark and Greenland. The islands have a total area of about 1,400 square kilometres (540 sq mi) with a population of 54,000 as of June 2022. The capital and largest city is Tórshavn. The terrain is rugged, and the subpolar oceanic climate (Cfc) is windy, wet, cloudy, and cool. Temperatures for such a northerly climate are moderated by the Gulf Stream, averaging above freezing throughout the year, hovering around 12 °C (54 °F) in summer and 5 °C (41 °F) in winter. The northerly latitude also results in perpetual civil twilight during summer nights and very short winter days. Between 1035 and 1814, the Faroe Islands were part of the Kingdom of Norway, which was in a personal union with Denmark from 1380. In 1814, the Treaty of Kiel transferred No... [More]
  • Last : 27,457.71
  • High : 27,873.78
  • Low : 27,347.79
  • Max Fluctuation : 217.11
  • Max Fluctuation % : 0.4%
  • Open : 27,843.21
  • Time : 04:49:13
  • Yesterday : 27,843.21
  • Change % : 1.4%
  • Change : 385.5
  • Last : 1,823.76
  • High : 1,829.2
  • Low : 1,821.29
  • Max Fluctuation : 3.78
  • Max Fluctuation % : 0.08%
  • Open : 1,827.62
  • Time : 04:48:58
  • Yesterday : 1,827.6
  • Change % : 0.21%
  • Change : 3.84
  • Last : 88.19
  • High : 88.72
  • Low : 88.14
  • Max Fluctuation : 0.07
  • Max Fluctuation % : 0.29%
  • Open : 88.72
  • Time : 04:49:59
  • Yesterday : 88.72
  • Change % : 0.6%
  • Change : 0.53
  • Last : 0.9551
  • High : 0.9554
  • Low : 0.9523
  • Max Fluctuation : -
  • Max Fluctuation % : -
  • Open : 0.9543
  • Time : 04:50:36
  • Yesterday : 0.9543
  • Change % : 0.08%
  • Change : 0.0008

Economic Indicators + Forecasts

  • Actual

  • Forecast

Indicator Last Time Previous Metric
Balance of Trade
63198 23 Jul 62942 DKK Thousand
Business Confidence
-15 23 Jun 8 points
Consumer Confidence
1 23 Jun 0 points
Consumer Price Index CPI
140 23 Jun 139 points
Economic Optimism Index
6 23 Jun 17 points
Exports
988388 23 Jul 797088 DKK Thousand
Fiscal Expenditure
11702 21 Dec 11961 DKK Million
Food Inflation
11.3 23 Jun 13.3 percent
Government Budget
0.6 21 Dec -4.4 percent of GDP
Government Budget Value
132 21 Dec -929 DKK Million
Government Revenues
11834 21 Dec 11032 DKK Million
Government Spending To GDP
51 21 Dec 56.4 percent of GDP
Imports
925190 23 Jul 734146 DKK Thousand
Inflation Rate
4.4 23 Jun 8.3 percent
Inflation Rate Mom
0.1 23 Jun 0.6 percent
Population
0.05 22 Dec 0.05 Million
Unemployed Persons
215 23 Jul 212
Unemployment Rate
0.7 23 Jul 0.6 percent
Indicator Actual Q1 Q2 Q3 Q4 Metric
Inflation Rate 4.4 2.5 2 2 2 percent
Population 0.05 0.1 0.1 0.1 Million Million
Unemployment Rate 0.7 1 1 1 1 percent