ta: purchasing power parity - $16,000 (1996 est.)

GDP - composition by sector:
agriculture: 20%
industry: 16%
services: 64% (1996 est.)

Population below poverty line: NA%

Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%

Inflation rate (consumer prices): 2.8% (1996 est.)

Labor force: 20,500 (1996 est.)

Labor force - by occupation: largely engaged in fishing,
manufacturing, transportation, commerce

Unemployment rate: 5% (1998 est.)

Budget:
revenues: $467 million
expenditures: $468 million, including capital expenditures of $11
million (1996 est.)

Industries: fishing, shipbuilding, construction, handicrafts

Industrial production growth rate: NA%

Electricity - production: 186 million kWh (1998)

Electricity - production by source:
fossil fuel: 53.76%
hydro: 45.7%
nuclear: 0%
other: 0.54% (1998)

Electricity - consumption: 173 million kWh (1998)

Electricity - exports: 0 kWh (1998)

Electricity - imports: 0 kWh (1998)

Agriculture - products: milk, potatoes, vegetables; sheep; salmon,
other fish

Exports: $362 million (f.o.b., 1995)

Exports - commodities: fish and fish products 92%, animal feedstuffs,
transport equipment (ships)

Exports - partners: Denmark 31%, UK 25%, Germany 9%, France 7%, Spain
6%, US 2% (1996)

Imports: $315.6 million (c.i.f., 1995)

Imports - commodities: machinery and transport equipment 17.0%,
consumer goods 33%, raw materials and semi-manufactures 26.9%, fuels
11.4%, fish and salt 6.7%

Imports - partners: Denmark 33%, Norway 18%, UK 8% Germany 9%, Sweden
5%, US 2% (1996)

Debt - external: $767 million (1995 est.)

Economic aid - recipient: $150 million (annual subsidy from Denmark)
(1995)

Currency: 1 Danish krone (DKr) = 100 oere

Exchange rates: Danish kroner (DKr) per US$1 - 7.336 (January 2000),
6.976 (1999), 6.701 (1998), 6.604 (1997), 5.799 (1966), 5.602 (1995)

Fiscal year: calendar year

@Faroe Islands:Communications

Telephones - main lines in use: 22,000 (1995)

Telephones - mobile cellular: 2,558 (1995)

Telephone system: good international communications; good domestic
facilities
domestic: digitalization was to have been completed in 1998
international: satellite earth stations - 1 Orion; 1 fiber-optic
submarine cable linking the Faroe Islands with Denmark and Iceland

Radio broadcast stations: AM 1, FM 13, shortwave 0 (1998)

Radios: 26,000 (1997)

Television broadcast stations: 7 (