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- Economy_of_the_Faroe_Islands abstract "After the severe economic troubles of the early 1990s, brought on by a drop in the vital fish catch and poor management of the economy, the Faroe Islands have come back in the last few years, with unemployment down to 5% in mid-1998, and holding below 3% since 2006, one of the lowest rates in Europe. 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. Petroleum found close to the Faroese area gives hope for deposits in the immediate area, which may lay the basis to sustained economic prosperity. Also important are the annual subsidy from Denmark, which amounts to about 6% of the GDP.Since 2000, new information technology and business projects have been fostered in the Faroe Islands to attract new investment. The result from these projects is not yet known but is hoped to bring a better market economy to the Faroe Islands.The Faroes have one of the lowest unemployment rates in Europe, but this is not necessarily a sign of a recovering economy, as many young students move to Denmark and other countries once they are finished with high school. This leaves a largely middle-aged and elderly population that may lack the skills and knowledge to take IT positions on the Faroes.".
- Economy_of_the_Faroe_Islands thumbnail Vestaravag_torshavn,_faroe_islands,_feb_2005.jpg?width=300.
- Economy_of_the_Faroe_Islands wikiPageExternalLink Faroe%20Islands%20in%20figures%202008.pdf.
- Economy_of_the_Faroe_Islands wikiPageExternalLink The_new_Faroese_banknote_series?OpenDocument.
- Economy_of_the_Faroe_Islands wikiPageID "10702".
- Economy_of_the_Faroe_Islands wikiPageRevisionID "606784555".
- Economy_of_the_Faroe_Islands aid "recipient: $100 million".
- Economy_of_the_Faroe_Islands caption "Tórshavn is the capital and largest town of the Faroe Islands".
- Economy_of_the_Faroe_Islands cianame "fo".
- Economy_of_the_Faroe_Islands country "Faroe Islands".
- Economy_of_the_Faroe_Islands currency "Faroese króna".
- Economy_of_the_Faroe_Islands debt "8.888E8".
- Economy_of_the_Faroe_Islands expenses "1.301E9".
- Economy_of_the_Faroe_Islands exportGoods "fish and fish products 94%, stamps, ships".
- Economy_of_the_Faroe_Islands exportPartners "Denmark 27.1%, UK 22.5%, US 12.2%, Nigeria 12%, Netherlands 7.8%, Norway 4.5%".
- Economy_of_the_Faroe_Islands exports "$824 million f.o.b.".
- Economy_of_the_Faroe_Islands gdp "2.22E9".
- Economy_of_the_Faroe_Islands growth "2.9".
- Economy_of_the_Faroe_Islands hasPhotoCollection Economy_of_the_Faroe_Islands.
- Economy_of_the_Faroe_Islands importGoods "consumer goods 24%, machinery and transport equipment 23.5%, fuels 21.4%, raw materials and semi-manufactures, fish, salt".
- Economy_of_the_Faroe_Islands importPartners "Denmark 49.6%, Norway 29%, Iceland 4.1%".
- Economy_of_the_Faroe_Islands imports "$776 million c.i.f.".
- Economy_of_the_Faroe_Islands industries "fishing, fish processing, small ship repair and refurbishment, handicrafts".
- Economy_of_the_Faroe_Islands inflation "2.3".
- Economy_of_the_Faroe_Islands labor "34710".
- Economy_of_the_Faroe_Islands occupations "agriculture: 10.7%, industry: 18.9%, services: 70.3%".
- Economy_of_the_Faroe_Islands organs "none".
- Economy_of_the_Faroe_Islands perCapita "$45,555559".
- Economy_of_the_Faroe_Islands poverty "no data".
- Economy_of_the_Faroe_Islands rank "175".
- Economy_of_the_Faroe_Islands revenue "1.22E9".
- Economy_of_the_Faroe_Islands sectors "agriculture: 16%, industry: 29%, services: 55%".
- Economy_of_the_Faroe_Islands unemployment "5.5".
- Economy_of_the_Faroe_Islands year "calendar year".
- Economy_of_the_Faroe_Islands subject Category:Economies_by_country.
- Economy_of_the_Faroe_Islands subject Category:Economies_of_Europe.
- Economy_of_the_Faroe_Islands subject Category:Economy_of_the_Faroe_Islands.
- Economy_of_the_Faroe_Islands comment "After the severe economic troubles of the early 1990s, brought on by a drop in the vital fish catch and poor management of the economy, the Faroe Islands have come back in the last few years, with unemployment down to 5% in mid-1998, and holding below 3% since 2006, one of the lowest rates in Europe. 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.".
- Economy_of_the_Faroe_Islands label "Economy of the Faroe Islands".
- Economy_of_the_Faroe_Islands label "Economía de las Islas Feroe".
- Economy_of_the_Faroe_Islands label "Économie des îles Féroé".
- Economy_of_the_Faroe_Islands label "Экономика Фарерских островов".
- Economy_of_the_Faroe_Islands sameAs Economía_de_las_Islas_Feroe.
- Economy_of_the_Faroe_Islands sameAs Économie_des_îles_Féroé.
- Economy_of_the_Faroe_Islands sameAs m.01177417.
- Economy_of_the_Faroe_Islands sameAs Q1000849.
- Economy_of_the_Faroe_Islands sameAs Q1000849.
- Economy_of_the_Faroe_Islands wasDerivedFrom Economy_of_the_Faroe_Islands?oldid=606784555.
- Economy_of_the_Faroe_Islands depiction Vestaravag_torshavn,_faroe_islands,_feb_2005.jpg.
- Economy_of_the_Faroe_Islands isPrimaryTopicOf Economy_of_the_Faroe_Islands.