Politics of the Faroe Islands Politics of the Faroe Islands The politics of the Faroe Islands a "constituent country" () of the Kingdom of Denmark, function within the framework of a parliamentary representative democratic dependency, whereby the Prime Minister of the Faroe Islands is the head of government, and of a multi-party system. The Faroe Islands are politically associated with the Kingdom of Denmark, but have been self-governing since 1948. Executive power is exercised by the government. Legislative power is vested in both the government and the Løgting. The judiciary is independent of the executive and the legislature and the responsibility of Denmark. As of
Economy of the Faroe Islands other areas, and thus operate in island condition. Some islands are also not connected to the other islands, and must maintain their own electric system. Agriculture - products: milk, potatoes, vegetables; sheep; salmon, other fish Currency: 1 Danish krone (DKr) = 100 ører Exchange rates: Danish kroner (DKr) per US$1 – 5.560 (2008), 7.336 (January 2000), 6.976 (1999), 6.701 (1998), 6.604 (1997), 5.799 (1996), 5.602 (1995) Economy of the Faroe Islands The economy of the Faroe Islands was the 166th largest in the world in 2014, having a nominal gross domestic product (GDP) of $2.613 billion per annum. High dependence