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Faroe Islands Faroe Islands
Faroe Islands

Faroe Islands

The Faroe Islands, or the Faroes (also written Faeroes; pronounced ; Faroese: Føroyar, pronounced [ˈfœɹjaɹ]; Danish: Færøerne), are a North Atlantic archipelago located 320 kilometres (200 mi) north-northwest of Scotland, and about halfway between Norway and Iceland. Like Greenland, 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 52,703 as of September 2020.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 Faroe Islands 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 Denmark retained the Faroe Islands, along with... [More]
  • Last : 40,574.8
  • High : 43,489.6
  • Low : 40,171.4
  • Max Fluctuation : 650.7
  • Max Fluctuation % : 6.63%
  • Open : 43,279.9
  • Time : 07:49:19
  • Yesterday : 42,946.8
  • Change % : 5.85%
  • Change : 2,372
  • Last : 1,867.99
  • High : 1,871.31
  • Low : 1,865.06
  • Max Fluctuation : 1.02
  • Max Fluctuation % : 0.03%
  • Open : 1,869.88
  • Time : 07:49:53
  • Yesterday : 1,869.82
  • Change % : 0.1%
  • Change : 1.83
  • Last : 64.56
  • High : 65.61
  • Low : 64.56
  • Max Fluctuation : 0.13
  • Max Fluctuation % : 0.9%
  • Open : 65.61
  • Time : 07:49:53
  • Yesterday : 65.64
  • Change % : 1.67%
  • Change : 1.08
  • Last : 0.818
  • High : 0.8185
  • Low : 0.8177
  • Max Fluctuation : -
  • Max Fluctuation % : -
  • Open : 0.818
  • Time : 07:50:11
  • Yesterday : 0.818
  • Change % : 0%
  • Change : 0

Economic Indicators + Forecasts

  • Actual

  • Forecast

Indicator Last Time Previous Range Frequency Metric

Balance of Trade

0 21 Feb -7198 -696547 : 432423 Monthly Feb/21

Business Confidence

0 21 Jan -28 -36 : 40 Quarterly

Consumer Confidence

0 21 Jan 0 -29 : 19 Quarterly

Consumer Price Index Cpi

0 21 Mar 122 99.3 : 194 Quarterly

Economic Optimism Index

0 21 Jan -16 -29 : 47 Quarterly

Exports

0 21 Feb 687272 117047 : 1167158 Monthly

Fiscal Expenditure

0 19 Dec 9745 3948 : 10336 Yearly

Food Inflation

0 21 Mar 0.8 -1.6 : 8.7 Quarterly

Government Budget

4.00 19 Dec 3.7 -4.9 : 23.5 Yearly

Government Budget Value

0 19 Dec 705 -592 : 1745 Yearly

Government Revenues

0 19 Dec 10450 5104 : 11164 Yearly

Government Spending To GDP

49.60 19 Dec 50.6 46.6 : 59.7 Yearly

Imports

0 21 Feb 694470 94549 : 1126326 Monthly

Inflation Rate

1.10 21 Mar -0.4 -3.1 : 7.9 Quarterly Mar/21

Inflation Rate Mom

0 21 Mar 0.4 -1.3 : 2.2 Quarterly

Population

0.05 20 Dec 0.05 0.04 : 0.05 Yearly Dec/20

Unemployed Persons

0 21 Feb 442 290 : 2923 Monthly Feb/21

Unemployment Rate

1.60 21 Feb 1.5 1 : 14.3 Monthly Feb/21
Indicator Actual Q2/19 Q3/19 Q4/19 Q1/20 2020 Metric
Government Budget 4.00 -5.4 -5.4 -3.8 -5.4 -3.8
Government Spending To GDP 49.60 44.6 44 44 44.6 44
Inflation Rate 1.10 1.4 1.5 1.6 1.5 1.8 Mar/21
Population 0.05 0.05 0.05 0.05 0.05 0.05 Dec/20
Unemployment Rate 1.60 2 1.8 1.6 2 1.8 Feb/21