Online Forum
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 located 320 kilometres (200 mi) north-northwest of Scotland, and about halfway between Norway and Iceland. Like Greenland, it is an autonomous territory of the Kingdom of Denmark. The islands have a total area of about 1,400 square kilometres (540 sq mi) with a population of 53,358 as of June 2021.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 1380. In 1814, the Treaty of Kiel transferred Norway to Sweden, whereas Denmark kept its Atlantic territories, which included the Faroe Islands, Greenland and Iceland. While part... [More]
  • Last : 56,995.05
  • High : 56,995.05
  • Low : 56,910.86
  • Max Fluctuation : 138.77
  • Max Fluctuation % : 0.35%
  • Open : 56,934.76
  • Time : 00:30:32
  • Yesterday : 57,015.63
  • Change % : 0.04%
  • Change : 20.58
  • Last : 1,768.62
  • High : 1,769.21
  • Low : 1,768.55
  • Max Fluctuation : 0.6
  • Max Fluctuation % : 0.02%
  • Open : 1,769.06
  • Time : 00:30:49
  • Yesterday : 1,768.96
  • Change % : 0.02%
  • Change : 0.34
  • Last : 66.86
  • High : 66.97
  • Low : 66.81
  • Max Fluctuation : 0.13
  • Max Fluctuation % : 0.84%
  • Open : 66.92
  • Time : 00:30:49
  • Yesterday : 66.97
  • Change % : 0.16%
  • Change : 0.11
  • Last : 0.885
  • High : 0.885
  • Low : 0.8848
  • Max Fluctuation : -
  • Max Fluctuation % : -
  • Open : 0.8848
  • Time : 00:30:26
  • Yesterday : 0.8848
  • Change % : 0.02%
  • Change : 0.0002

Economic Indicators + Forecasts

  • Actual

  • Forecast

Indicator Last Time Previous Range Frequency Metric
Balance of Trade
0 21 Jun -92185 -696547 : 432423 Monthly Jun/21
Business Confidence
0 21 Jun -19 -36 : 40 Quarterly
Consumer Confidence
0 21 Jun 7 -29 : 19 Quarterly
Consumer Price Index Cpi
0 21 Sep 125 99.3 : 194 Quarterly
Economic Optimism Index
0 21 Jun -9 -29 : 47 Quarterly
Exports
0 21 Jun 688287 117047 : 1167158 Monthly
Fiscal Expenditure
0 20 Dec 10904 3948 : 11868 Yearly Dec/20
Food Inflation
0 21 Sep 0.5 -1.6 : 8.7 Quarterly
Government Budget
-4.30 20 Dec 1.1 -4.6 : 23.5 Yearly
Government Budget Value
0 20 Dec 238 -859 : 1745 Yearly Dec/20
Government Revenues
0 20 Dec 11141 5104 : 11141 Yearly Dec/20
Government Spending To GDP
59.80 20 Dec 52.3 47 : 59.8 Yearly Dec/20
Imports
0 21 Jun 780472 94549 : 6948982 Monthly
Inflation Rate
3.10 21 Sep 3.1 -3.1 : 7.9 Quarterly
Inflation Rate Mom
0 21 Sep 1.1 -1.3 : 2.2 Quarterly
Population
0.05 20 Dec 0.05 0.04 : 0.05 Yearly
Unemployed Persons
0 21 Jul 345 290 : 2923 Monthly Jul/21
Unemployment Rate
1.20 21 Jul 1.2 0.9 : 14.9 Monthly
Indicator Actual Q2/19 Q3/19 Q4/19 Q1/20 2020 Metric
Government Budget -4.30 -3.8 -3.8 -3.8 -5.4 -3.8
Government Spending To GDP 59.80 44 44 44 44 44 Dec/20
Inflation Rate 3.10 1.6 1.6 1.6 1.5 1.8
Population 0.05 0.05 0.05 0.05 0.05 0.05
Unemployment Rate 1.20 1.1 1.1 1.1 1.1 1.1