KEBA, a manufacturer of parcel lockers, is collaborating with Posta, the national postal service of the Faroe Islands, to contribute to highly efficient logistics on the islands.

Children's Geographies; 02/01/2023
(AN 163249018); ISSN: 14733285
Academic Search Premier

A chronology of key events

An overview of the Faroe Islands including key facts, political leaders and notes on the media

Faroe Islands

It may not be the biggest in the world, but the Faroe Islands' Betri League will for once be in the spotlight when its season kicks off on Saturday.

Unemployment Rate in Faroe Islands increased to 1.10 percent in February from 1 percent in January of 2020. Unemployment Rate in Faroe Islands averaged 4.28 percent from 1995 until 2020, reaching an all time high of 14.30 percent in May of 1995 and a record low of 1 percent in September of 2019. This page provides - Faroe Islands Unemployment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Imports from Faroe Islands in Turkey increased to 1031.62 USD Million in March from 210.40 USD Million in February of 2020. Imports from Faroe Islands in Turkey averaged 329.80 USD Million from 2014 until 2020, reaching an all time high of 1206.98 USD Million in July of 2017 and a record low of 100.18 USD Million in June of 2019. This page includes a chart with historical data for Turkey Imports from Faroe Islands.

Business Confidence in Faroe Islands increased to 35 points in the first quarter of 2020 from 13 points in the second quarter of 2019. Business Confidence in Faroe Islands averaged 13.64 points from 2006 until 2020, reaching an all time high of 40 points in the second quarter of 2013 and a record low of -36 points in the first quarter of 2009. In Faroe Islands, the indicator and balances for the primary sector and other industries show development, current situation and expectations based on 15 questions asked twice a year in a survey of 35-40 companies. The questions refer to i.a. trends in production, possible limiting factors, expected employment, expected changes in prices, order books, production capacity and market trends home and abroad. The indicator is average of balances ranging from -100 to +100. Any single value only makes sense when compared to previous answers to the same question. This page provides - Faroe Islands Industrial Confidence- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The inflation rate in Faroe Islands was recorded at 1.60 percent in the first quarter of 2020. Inflation Rate in Faroe Islands averaged 1.09 percent from 2002 until 2020, reaching an all time high of 7.90 percent in the third quarter of 2008 and a record low of -3.10 percent in the third quarter of 2009. In Faroe Islands, the most important categories in the consumer price index are food and non-alcoholic beverages (20 percent of total weight), housing and utilities (18 percent), transport (14 percent), and recreation and culture (11 percent). Miscellaneous goods and services account for 8 percent; furnishing and household equipment for 8 percent; and clothing and footwear for 6 percent. The index also includes: communication (5 percent); alcoholic beverages and tobacco (5 percent); restaurants and hotels (3 percent); and health (2 percent). This page provides - Faroe Islands Inflation Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Consumer Price Index in Faroe Islands decreased 0.20 percent in March of 2020 over the previous month. Inflation Rate Mom in Faroe Islands averaged 0.26 percent from 2001 until 2020, reaching an all time high of 2.20 percent in the second quarter of 2008 and a record low of -1.30 percent in the first quarter of 2015. Inflation Rate MoM measures month over month change in the price of goods and services. This page provides - Faroe Islands Inflation Rate QoQ- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The number of unemployed persons in Faroe Islands increased to 293 in January of 2020 from 284 in December of 2019. Unemployed Persons in Faroe Islands averaged 1060.80 from 1995 until 2020, reaching an all time high of 2924 in May of 1995 and a record low of 284 in December of 2019. This page provides - Faroe Islands Unemployed Persons- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Economic Optimism Index in Faroe Islands increased to 32 points in the first quarter of 2020 from 22 points in the second quarter of 2019. Economic Optimism Index in Faroe Islands averaged 19.04 points from 2006 until 2020, reaching an all time high of 47 points in the first quarter of 2007 and a record low of -29 points in the first quarter of 2009. In Faroe Islands, the economic sentiment indicator is based on indicators from business and consumer surveys. The indicators of each survey are calculated as average of 'balances' between positive and negative replies of a selection of questions, e.g. The consumer index ''is an arithmetic mean of 4 of the 15 questions in the survey. The composite indicator and each of the indicators are in the range from plus 100 to minus 100. Any single value only makes sense when compared to previous answers to the same question. This page provides - Faroe Islands Economic Sentiment Indicator- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Consumer Price Index Cpi in Faroe Islands decreased to 121.90 points in the first quarter of 2020 from 122.10 points in the fourth quarter of 2019. Consumer Price Index Cpi in Faroe Islands averaged 128.64 points from 1988 until 2020, reaching an all time high of 193.80 points in the fourth quarter of 2000 and a record low of 99.30 points in the fourth quarter of 2001. In Faroe Islands, the most important categories in the consumer price index are food and non-alcoholic beverages (20 percent of total weight), housing and utilities (18 percent), transport (14 percent), and recreation and culture (11 percent). Miscellaneous goods and services account for 8 percent; furnishing and household equipment for 8 percent; and clothing and footwear for 6 percent. The index also includes: communication (5 percent); alcoholic beverages and tobacco (5 percent); restaurants and hotels (3 percent); and health (2 percent). This page provides - Faroe Islands Consumer Price Index Cpi- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Consumer Confidence in Faroe Islands decreased to 5 points in the first quarter of 2020 from 19 points in the second quarter of 2019. Consumer Confidence in Faroe Islands averaged 2.03 points from 2006 until 2020, reaching an all time high of 19 points in the second quarter of 2019 and a record low of -29 points in the second quarter of 2008. In Faroe Islands, the consumer confidence survey is based on 15 questions posed to 500-550 consumers twice a year. The balances that are calculated for each question on the basis of weighted averages (ranging from -100 to +100) show estimated own financial situation and economic situation of the country. The consumer index is average of the questions: 1) Expected financial situation of the household in 12 months compared to now (balance), 2) Expected general economic situation in Faroe Islands in 12 months compared to now (balance), 3) Expected number of unemployed people in 12 months (balance) and 4) Expected money savings of the household over the next 12 months (balance). This page provides - Faroe Islands Consumer Confidence- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The total population in Faroe Islands was estimated at 0.1 million people in 2019, according to the latest census figures and projections from Trading Economics. Looking back, in the year of 1985, Faroe Islands had a population of 0.1 million people. This page provides - Faroe Islands Population- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Government spending in Faroe Islands was last recorded at 47.7 percent of GDP in 2017 . Government Spending To GDP in Faroe Islands averaged 53.23 percent from 1998 until 2017, reaching an all time high of 59.70 percent in 2009 and a record low of 47.50 percent in 2016. This page provides - Faroe Islands Government Spending To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Government Revenues in Faroe Islands increased to 10453.10 DKK Million in 2018 from 9879.60 DKK Million in 2017. Government Revenues in Faroe Islands averaged 6980.41 DKK Million from 1998 until 2018, reaching an all time high of 10453.10 DKK Million in 2018 and a record low of 5103.90 DKK Million in 1999. This page provides - Faroe Islands Government Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Fiscal Expenditure in Faroe Islands increased to 9745 DKK Million in 2018 from 8928.90 DKK Million in 2017. Fiscal Expenditure in Faroe Islands averaged 6684.21 DKK Million from 1998 until 2018, reaching an all time high of 9745 DKK Million in 2018 and a record low of 3948.40 DKK Million in 1998. This page provides - Faroe Islands Fiscal Expenditure- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Cost of food in Faroe Islands increased 2.60 percent in March of 2020 over the same month in the previous year. Food Inflation in Faroe Islands averaged 1.44 percent from 2002 until 2020, reaching an all time high of 8.70 percent in the third quarter of 2008 and a record low of -1.60 percent in the fourth quarter of 2009. This page provides - Faroe Islands Food Inflation- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Spain homed in on Euro 2020 by easing past the Faroe Islands 4-0 for a sixth straight qualifying win that saw two goals each from Rodrigo and Paco Alcacer and moved them further clear in Group F.

Spain coach Roberto Moreno paid tribute to goalkeeper David De Gea after watching his side ease to a 4-0 victory over the Faroe Islands in Euro 2021 qualifying Group F.

Sergio Ramos equalled Iker Casillas' record of 167 caps for Spain as they thrashed the Faroe Islands 4-0 in a Euro 2020 qualifier on Sunday night.

Wearing helmet cameras, local guides provide commentary to web audiences across the world, guiding them across the Danish semi-autonomous territory in the North Atlantic.

It may not be the biggest in the world, but the Faroe Islands' Betri League will for once be in the spotlight when its season kicks off on Saturday.