emocratic 10, People's
Party 7), Cooperation Coalition Party 6, Republican Party 4,
Home Rule 3, PFIP-CPP 2;

Danish Parliament--last held on 12 December 1990 (next to be
held by December 1994);
results--percent of vote by party NA;
seats--(2 total) Social Democratic 1, People's Party 1; note--the
Faroe Islands elects two representatives to the Danish Parliament

_#_Communists: insignificant number

_#_Member of:

_#_Diplomatic representation: none (self-governing overseas
administrative division of Denmark)

_#_Flag: white with a red cross outlined in blue that extends to the
edges of the flag; the vertical part of the cross is shifted to the
hoist side in the style of the Dannebrog (Danish flag)

_*_Economy
_#_Overview: The Faroese, who have long been enjoying the affluent
living standards of the Danes and other Scandinavians,
now must cope with the decline of the all-important fishing
industry and with an external debt twice the size of annual
income. When the nations of the world extended their fishing
zones to 200 nautical miles in the early 1970s, the Faroese
no longer could continue their traditional long-distance fishing
and subsequently depleted their own nearby fishing areas; one
estimate foresaw a 25% drop in fish catch in 1990 alone. Half the
fishing fleet is for sale, and the 22 fish-processing plants work
at only half capacity. The government no longer can maintain its
high level of spending on roads and tunnels, hospitals, sports
facilities, and other social welfare programs.

_#_GDP: $662 million, per capita $14,000; real growth rate 3%
(1989 est.)

_#_Inflation rate (consumer prices): 2.0% (1988)

_#_Unemployment rate: NA%, but increasing

_#_Budget: revenues $442 million; expenditures $442 million, including
capital expenditures of NA (1989)

_#_Exports: $343 million (f.o.b., 1989 est.);

commodities--fish and fish products 88%, animal feedstuffs,
transport equipment;

partners--Denmark 16%, UK 14%, FRG 13.4%, US 10%, France 9%,
Japan 5%

_#_Imports: $344 million (c.i.f., 1989 est.);

commodities--machinery and transport equipment 30%,
manufactures 16%, food and livestock 15%, chemicals 6%, fuels 4%;

partners: Denmark 44%, Norway 16%, FRG 6%, Sweden 6%, US 3%

_#_External debt: $1.3 billion (1989)

_#_Industrial production: growth rate NA%

_#_Electricity: 80,000 kW capacity; 280 million kWh produced,
5,910 kWh per capita (1989)

_#_Industri