ually elected prime minister by the
Faroese Parliament; election last held 30 April 1998 (next to be held
NA 2002)
election results: Anfinn KALLSBERG elected prime minister; percent of
parliamentary vote - NA

Legislative branch: unicameral Faroese Parliament or Logting (32
seats; members are elected by popular vote on a proportional basis
from the seven constituencies to serve four-year terms)
elections: last held 30 April 1998 (next to be held by NA July 2002)
election results: percent of vote by party - Republican Party 23.8%,
People's Party 21.3%, Social Democratic Party 21.9%, Coalition Party
(Union Party, Labor Front, Home Rule Party) 18%; seats by party -
Republican Party 8, People's Party 8, Social Democratic Party 7,
Coalition Party 6, other parties 3
note: election of 2 seats to the Danish Parliament was last held on 11
March 1998 (next to be held by NA 2002); results - percent of vote by
party - NA; seats by party - Social Democratic Party 1, People's Party
1

Judicial branch: none

Political parties and leaders: Center Party ;
Christian People's Party ; Home Rule Party
; Labor Front ; People's Party [Oli
BRECKMANN]; Republican Party ; Social Democratic
Party ; The Faroese Party ;
Union Party

International organization participation: NC, NIB

Diplomatic representation in the US: none (self-governing overseas
administrative division of Denmark)

Diplomatic representation from the US: none (self-governing overseas
administrative division of Denmark)

Flag description: 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)

@Faroe Islands:Economy

Economy - overview: After the severe economic troubles of the early
1990s, brought on by a drop in the vital fish catch, the Faroe Islands
have come back in the last few years, with unemployment down to 5% in
mid-1998. Nevertheless, the almost total dependence on fishing means
the economy remains extremely vulnerable. The Faroese hope to broaden
their economic base by building new fish-processing plants. Oil finds
close to the Faroese area give hope for deposits in the immediate
area, which may lay the basis to sustained economic prosperity. The
Faroese are supported by a substantial annual subsidy from Denmark.

GDP: purchasing power parity - $700 million (1996 est.)

GDP - real growth rate: 6% (1996 est.)

GDP - per capi