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    Las Islas Feroe Econom�a 2000

      Econom�a - descripci�n: 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.

      Producto Bruto Interno (PBI): purchasing power parity - $700 million (1996 est.)

      PBI - Indice de Incremento real: 6% (1996 est.)

      PBI - por capital: purchasing power parity - $16,000 (1996 est.)

      PBI - Composici�n por Sector:
      agriculture: 20%
      industry: 16%
      services: 64% (1996 est.)

      Poblaci�n bajo linea de pobertad: NA%

      Ingreso en casa o porcentage de consumci�n:
      lowest 10%: NA%
      highest 10%: NA%

      Indice de Inflaci�n (precios del consumidor): 2.8% (1996 est.)

      Fuerza Laboral: 20,500 (1996 est.)

      Fuerza Laboral - por ocupaci�n: largely engaged in fishing, manufacturing, transportation, commerce

      Indice de desempleo: 5% (1998 est.)

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

      Industrias: fishing, shipbuilding, construction, handicrafts

      Industrial production growth rate: NA%

      Electricidad - Producci�n: 186 million kWh (1998)

      Electricidad - producci�n por fuente:
      fossil fuel: 53.76%
      hydro: 45.7%
      nuclear: 0%
      other: 0.54% (1998)

      Electricidad - consumci�n: 173 million kWh (1998)

      Electricidad - exportaciones: 0 kWh (1998)

      Electricidad - importaciones: 0 kWh (1998)

      Agricultura - productos: milk, potatoes, vegetables; sheep; salmon, other fish

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

      Exporationes - comodidades: fish and fish products 92%, animal feedstuffs, transport equipment (ships)

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

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

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

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

      Deuda - externa: $767 million (1995 est.)

      Ayuda economica - recipiente: $150 million (annual subsidy from Denmark) (1995)

      Moneda: 1 Danish krone (DKr) = 100 oere

      Indice de intercambio: 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)

      A�o Fiscal: calendar year

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