Faroe Islands Faroe Islands The Faroe Islands (; , ; , ), or the Faeroe Islandsa North Atlantic archipelago located north-northwest of Scotland and about halfway between Norway and Icelandare an autonomous country of the Kingdom of Denmark. Total area is about with a population of 50,322 in October 2017. The terrain is rugged; the climate is subpolar oceanic climate (Cfc)windy, wet, cloudy, and cool. Temperatures average above freezing throughout the year because of the Gulf Stream. Between 1035 and 1814, the Faroes were part of the Hereditary Kingdom of Norway. In 1814, the Treaty of Kiel granted Denmark control over the
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