Part 245

Budget: revenues: $407.2 million expenditures: $482.7 million, including capital expenditures of $NA (1993 est.)

Industries: fishing, shipbuilding, handicrafts

Industrial production growth rate: NA%

Electricity: capacity: 90,000 kW production: 200 million kWh consumption per capita: 3,953 kWh (1992)

Agriculture: potatoes, vegetables; sheep; annual fish catch about 360,000 metric tons

Exports: $345.3 million (f.o.b., 1993 est.) commodities: fish and fish products 88%, animal feedstuffs, transport equipment (ships) (1989) partners: Denmark 20%, Germany 18.3%, UK 14.2%, France 11.2%, Spain 7.9%, US 4.5%

Imports: $234.4 million (c.i.f., 1993 est.) commodities: machinery and transport equipment 24.4%, manufactures 24%, food and livestock 19%, fuels 12%, chemicals 6.5% partners: Denmark 43.8%, Norway 19.8%, Sweden 4.9%, Germany 4.2%, US 1.3%

External debt: $1.2 billion (1993 est.)

Economic aid: recipient: ODA, $NA note: receives an annual subsidy from Denmark of about $130 million

Currency: 1 Danish krone (DKr) = 100 oere

Exchange rates: Danish kroner (DKr) per US$1 - 5.652 (January 1996), 5.602 (1995), 6.361 (1994), 6.484 (1993), 6.036 (1992), 6.396 (1991)

Fiscal year: 1 April - 31 March

Transportation --------------

Railways: 0 km

Highways: total: 443 km paved: NA km unpaved: NA km

Ports: Klaksvick, Torshavn, Tvoroyri

Merchant marine: total: 7 ships (1,000 GRT or over) totaling 19,879 GRT/18,444 DWT ships by type: cargo 5, roll-on/roll-off cargo 1, short-sea passenger 1 (1995 est.)

Airports: total: 1 with paved runways 914 to 1 523 m: 1 (1995 est.)

Communications --------------

Telephones: 27,900 (1984 est.)

Telephone system: good international communications; fair domestic facilities domestic: NA international: 3 coaxial submarine cables

Radio broadcast stations: AM 1, FM 3 (repeaters 10), shortwave 0

Radios: 24,000 (1992 est.)

Television broadcast stations: 3 (repeaters 29)

Televisions: 14,000 (1992 est.)

Defense -------

Branches: no organized native military forces; only a small Police Force and Coast Guard are maintained

Defense expenditures: $NA, NA% of GDP