United States. Central Intelligence Agency, CIA World Fact Book, 2004 — Faroe Islands (2004)
“ The positive economic development has helped the Faroese Home Rule Government produce increasing budget surpluses, which in turn help to reduce the large public debt, most of it owed to Denmark. However, the total dependence on fishing makes the Faroese economy extremely vulnerable, and the present fishing efforts appear in excess of what is a sustainable level of fishing in the long term. ”
United States. Central Intelligence Agency, CIA World Fact Book, 2004 — Faroe Islands (2004)
“ Oil finds close to the Faroese area give hope for deposits in the immediate Faroese area, which may eventually lay the basis for a more diversified economy and thus lessen dependence on Danish economic assistance. Aided by a substantial annual subsidy (15% of GDP) from Denmark, the Faroese have a standard of living not far below the Danes and other Scandinavians. GDP: purchasing power parity - $1 billion (2001 est.) GDP - real growth rate: 10% (2001 est.) ”
United States. Central Intelligence Agency, CIA World Fact Book, 2004 — Faroe Islands (2004)
“ The population of the Faroe Islands is largely descended from Viking settlers who arrived in the 9th century. The islands have been connected politically to Denmark since the 14th century. A high degree of self-government was attained in 1948. ”
