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Faroe Islands Faroe Islands
Faroe Islands

Faroe Islands

The Faroe Islands ( FAIR-oh), or simply the Faroes or Faeroes (Faroese: Føroyar [ˈfœɹjaɹ] (listen); Danish: Færøerne [ˈfeɐ̯ˌøˀɐnə]), are a North Atlantic archipelago and island country part of the Kingdom of Denmark. It is located 320 kilometres (200 mi) north-northwest of Scotland, and about halfway between Norway (580 kilometres (360 mi) away) and Iceland (430 kilometres (270 mi) away). The territory is one of the three constituent countries that form the Kingdom of Denmark along with Denmark and Greenland. The islands have a total area of about 1,400 square kilometres (540 sq mi) with a population of 53,882 as of April 2022.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, and 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 Norway to Sweden... [More]
  • Last : 24,381.93
  • High : 24,413.95
  • Low : 24,221.50
  • Max Fluctuation : 73.98
  • Max Fluctuation % : 0.03%
  • Open : 24,282.46
  • Time : 05:44:50
  • Yesterday : 24,282.46
  • Change % : 0.41%
  • Change : 99.47
  • Last : 1,798.55
  • High : 1,802.3
  • Low : 1,798.55
  • Max Fluctuation : 1.1
  • Max Fluctuation % : 0.14%
  • Open : 1,802.2
  • Time : 05:44:52
  • Yesterday : 1,803.64
  • Change % : 0.28%
  • Change : 5.09
  • Last : 91.36
  • High : 91.98
  • Low : 91.22
  • Max Fluctuation : 0.64
  • Max Fluctuation % : 0.15%
  • Open : 91.27
  • Time : 05:44:52
  • Yesterday : 91.88
  • Change % : 0.57%
  • Change : 0.52
  • Last : 0.9742
  • High : 0.9754
  • Low : 0.9741
  • Max Fluctuation : -
  • Max Fluctuation % : -
  • Open : 0.9748
  • Time : 05:44:41
  • Yesterday : 0.9747
  • Change % : 0.05%
  • Change : 0.0005

Economic Indicators + Forecasts

  • Actual

  • Forecast

Indicator Last Time Previous Metric
Balance of Trade
330466 21 Dec 197493 DKK Thousand
Business Confidence
22 22 Jan 15 points
Consumer Confidence
5 22 Jan 10 points
Consumer Price Index CPI
134 22 Jun 129 points
Economic Optimism Index
29 22 Jan 11 points
Exports
792831 22 Feb 914424 DKK Thousand
Fiscal Expenditure
11868 20 Dec 10904 DKK Million
Food Inflation
6.2 22 Jun 2.6 percent
Government Budget
-4.3 20 Dec 1.1 percent of GDP
Government Budget Value
-859 20 Dec 238 DKK Million
Government Revenues
11009 20 Dec 11141 DKK Million
Government Spending To GDP
59.8 20 Dec 52.3 percent of GDP
Imports
719471 22 Feb 866715 DKK Thousand
Inflation Rate
7.3 22 Jun 4.4 percent
Inflation Rate Mom
3.8 22 Jun 2.3 percent
Population
0.05 21 Dec 0.05 Million
Unemployed Persons
295 21 Nov 304
Unemployment Rate
1 21 Nov 1 percent
Indicator Actual Q1 Q2 Q3 Q4 Metric
Government Budget -4.3 -3.8 -3.8 -3.8 -3.8 percent of GDP
Government Spending To GDP 59.8 44 44 44 percent of GDP
Inflation Rate 7.3 6.5 4.8 3 2 percent
Population 0.05 0.05 0.05 0.05 Million Million
Unemployment Rate 1 1.1 1.1 1.1 1.1 percent