Online Forum
Faroe Islands Faroe Islands
Faroe Islands

Faroe Islands

The Faroe or Faeroe Islands (; 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. 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 2020The 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 Greenland and Iceland. The Faroe Islands have been a se... [More]
  • Last : 19,131.7
  • High : 19,165.1
  • Low : 18,517.6
  • Max Fluctuation : 74.9
  • Max Fluctuation % : 0.53%
  • Open : 18,924.9
  • Time : 18:40:58
  • Yesterday : 18,926.4
  • Change % : 1.08%
  • Change : 205.3
  • Last : 1,837.32
  • High : 1,839.27
  • Low : 1,835.69
  • Max Fluctuation : 1.54
  • Max Fluctuation % : 0%
  • Open : 1,837.12
  • Time : 01:30:14
  • Yesterday : 1,836.85
  • Change % : 0.03%
  • Change : 0.47
  • Last : 46.09
  • High : 46.14
  • Low : 46
  • Max Fluctuation : 0.04
  • Max Fluctuation % : 0.02%
  • Open : 46
  • Time : 01:29:53
  • Yesterday : 45.99
  • Change % : 0.22%
  • Change : 0.1
  • Last : 0.8252
  • High : 0.8258
  • Low : 0.8243
  • Max Fluctuation : -
  • Max Fluctuation % : -
  • Open : 0.8243
  • Time : 01:43:06
  • Yesterday : 0.8239
  • Change % : 0.16%
  • Change : 0.0013

Economic Indicators + Forecasts

  • Actual

  • Forecast

Indicator Last Time Previous Range Frequency Metric

Balance of Trade

0 20 Jul -36634 -696547 : 432423 Monthly Jul/20

Business Confidence

0 20 Jun 35 -36 : 40 Quarterly

Consumer Confidence

0 20 Jun 5 -29 : 19 Quarterly

Consumer Price Index Cpi

0 20 Sep 121 99.3 : 194 Quarterly

Economic Optimism Index

0 20 Jun 32 -29 : 47 Quarterly

Exports

0 20 Jul 602395 117047 : 1167158 Monthly

Fiscal Expenditure

0 18 Dec 8929 3948 : 9745 Yearly

Food Inflation

0 20 Sep 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

Government Revenues

0 18 Dec 9880 5104 : 10453 Yearly

Government Spending To GDP

47.70 17 Dec 47.5 47.5 : 59.7 Yearly

Imports

0 20 Jul 639029 94549 : 1126326 Monthly

Inflation Rate

0.20 20 Sep -0.1 -3.1 : 7.9 Quarterly Sep/20

Inflation Rate Mom

0 20 Sep -0.9 -1.3 : 2.2 Quarterly

Population

0.05 19 Dec 0.05 0.04 : 0.05 Yearly Dec/19

Unemployed Persons

0 20 Aug 441 300 : 2922 Monthly Aug/20

Unemployment Rate

1.50 20 Aug 1.6 1 : 14.3 Monthly Sep/20
Indicator Actual Q2/19 Q3/19 Q4/19 Q1/20 2020 Metric
Government Budget 5.10 -5.4 -5.4 -5.4 -4.2 -5.4
Government Spending To GDP 47.70 44.6 44.6 44.6 44.6 44
Inflation Rate 0.20 1.5 1.6 1.6 1.5 2 Sep/20
Population 0.05 0.05 0.05 0.05 0.05 0.05 Dec/19
Unemployment Rate 1.50 2.5 2.3 2.3 2.2 1.8 Sep/20