Faroe Islands (56.2%) have had their education in the Faroe Islands, 2,724 (31.9%) in Denmark, 543 in both the Faroe Islands and Denmark, 94 (1.1%) in Norway, 80 in the United Kingdom and the rest in other countries. Out of 1,719 holders of master's degrees or PhDs, 1,249 (72.7% have had their education in Denmark, 87 (5.1%) in the United Kingdom, 86 (5%) in both the Faroe Islands and Denmark, 64 (3.7%) in the Faroe Islands, 60 (3.5%) in Norway and the rest in other countries (mostly EU and Nordic). Since there is no medical school in the Faroe Islands, all medical
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