Europe > Northern Europe > Faroe Islands

Faroe Islands

Capital: Torshavn

  • Higher earning Why a university degree is worth more in some countries than others

    A university education may expand your mind. It will as well fatten your wallet. Data from the OECD, a club of rich nations, show that graduates can expect far better lifetime earnings than those without a degree.

    The size of this premium varies. It is greatest in Ireland, which has a high GDP per chief and rising inequality. Since 2000 the unemployment rate for under-35s has swelled to 8% for those with degrees – but to additional than 20% for those without, and nearly 40% for secondary school drop-outs. The country’s wealth presently goes disproportionately to workers with letters next their names.

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  • Global growth will be disappointing in 2016: IMF's Lagarde

    World economic increase will be disappointing next year and the outlook for the medium-term has as well deteriorated, the chief of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday.


    IMF Managing Director Christine Lagarde said the prospect of rising interest rates in the United States and an economic slowdown in China were contributing to uncertainty and a higher risk of economic vulnerability worldwide.


    Added to that, increase in world trade has slowed considerably and a decline in raw material prices is posing problems for economies based on these, while the financial sector in a lot of nations still has weaknesses and financial risks are rising in emerging markets, she said.

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Key Facts

Territory: Faroe Islands
Status: Self-governing part of Denmark
Population: 47,700 (Danish government, 2003)
Area: 1,399 sq km (540 sq miles)
Major languages: Faroese, Danish
Major religion: Christianity
Life expectancy: 75 years (men), 81 years (women)
Monetary unit: 1 Danish krone = 100 ore
Main exports: Fish, fish products, marine vessels
GNI per capita: n/a
Internet domain: .fo

  • Climate change laws around the world

    2017/05/14

    There has been a 20-fold increase in the number of global climate change laws since 1997, according to the most comprehensive database of relevant policy and legislation.

    The database, produced by the Grantham Research Institute on Climate Change and the Environment and the Sabin Center on Climate Change Law, includes more than 1,200 relevant policies across 164 countries, which account for 95% of global greenhouse gas emissions.

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  • Brexit negotiations should treat energy as ‘special case’

    2017/05/14

    There are strong practical reasons why the UK and EU should treat energy as a appropriate case during Brexit negotiations, argues a new statement.

    The statement, jointly authored by Chatham Home, the University of Exeter and the UK Energy Research Centre (UKERC), says finding common ground on energy during the Brexit negotiations would benefit both the UK and remaining EU27, while compromise may be relatively easier to achieve than for other areas.

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