Faroe Islands
| Official Name: | The Faroe Islands |
| Sovereign Status: | Danish Dependency |
| Government Type: | Parliamentary Democracy |
| Official Name (Local Language): | Foroyar |
| ISO Country Codes: | FO : FRO |
| Internet Domain: | .fo |
| Government Web Site: | https://www.government.fo/ |
| Capital: | Torshavn | Main Airports: | Vágar Airport |
| Language(s): | Danish; Faroese | Population: | 51,943 |
| Currency: | Danish Krone | ISO Currency Code: | DKK |
| Telephone Dial In: | +298 | ID Prefix: | 00 |
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Faroe Islands
| Government Website: | https://www.government.fo/ |
| Central Bank: | Landsbanki Føroya |
| Currency USD Exchange Rate: | 6.586 Danish kroner (DKK) per US dollar (2017 est.) |
| Unemployment Rate: | 2.2% (2017 est.) |
| Population below poverty line: | 10% (2015 est.) |
| Inflation Rate: | -0.3% (2016) |
| Prime Lending Rate: | N\A |
| GDP: | $2.765 billion (2014 est.) |
| GDP Pro Capita (PPP): | $40,000 (2014 est.) |
| Currency Name: | Danish Krone |
| Currency Code: | DKK |
| World Bank Classification: | High Income |
GDP Composition:
| Agriculture: | 18% | milk, potatoes, vegetables, sheep, salmon, herring, mackerel and other fish |
| Industry: | 39% | fishing, fish processing, tourism, small ship repair and refurbishment, handicrafts |
| Services: | 43% |
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Faroe Islands
Subject to Country Specific Sanctions? NO
The World Bank’s World Integrated Trade Solution
| Business Language(s): | Danish; English; Faroese |
| Customs & Excise: | Taks |
| Competitive Ind’l Performance: N/A | Corruption Perceptions Index: N/A |
| Ease of Doing Business: N/A | Enabling Trade Index: N/A |
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