Читать книгу The 2001 CIA World Factbook - United States. Central Intelligence Agency - Страница 154

Flag description: three equal horizontal bands of green (top), yellow, and red with a yellow pentagram and single yellow rays emanating from the angles between the points on a light blue disk centered on the three bands; Ethiopia is the oldest independent country in Africa, and the colors of her flag were so often adopted by other African countries upon independence that they became known as the pan-African colors

Ethiopia Economy

Economy - overview: Ethiopia's economy is based on agriculture, which accounts for half of GDP, 90% of exports, and 80% of total employment. The agricultural sector suffers from frequent periods of drought and poor cultivation practices, and as many as 4.6 million people need food assistance annually. Coffee is critical to the Ethiopian economy, and Ethiopia earned $267 million in 1999 by exporting 105,000 metric tons. According to current estimates, coffee contributes 10% of Ethiopia's GDP. More than 15 million people (25% of the population) derive their livelihood from the coffee sector. Other exports include live animals, hides, gold, and qat. In December 1999, Ethiopia signed a $1.4 billion joint venture deal to develop a huge natural gas field in the Somali Regional State. The war with Eritrea forced the government to spend scarce resources on the military and to scale back ambitious development plans. Foreign investment has declined significantly. Government taxes imposed in late 1999 to raise money for the war depressed an already weak economy. The war forced the government to improve roads and other parts of the previously neglected infrastructure, but only certain regions of the nation benefited. Recovery from the war is mostly contingent on natural factors. A drought has continued into the end of 2000 and food relief is expected to be needed through mid-2001 at least. Ethiopia may receive Highly Indebted Poor Countries (HIPC) debt relief by the end of the year.

GDP: purchasing power parity - $39.2 billion (2000 est.)

GDP - real growth rate: 2% (2000 est.)

GDP - per capita: purchasing power parity - $600 (2000 est.)

GDP - composition by sector: agriculture: 45%

industry: 12%

services: 43% (1999 est.)

Population below poverty line: NA%

Household income or consumption by percentage share: lowest 10%: 3%

highest 10%: 33.7% (1995)

Inflation rate (consumer prices): 5% (2000 est.)

Labor force: NA

Labor force - by occupation: agriculture and animal husbandry 80%, government and services 12%, industry and construction 8% (1985)

Unemployment rate: NA%

Budget: revenues: $1 billion

expenditures: $1.48 billion, including capital expenditures of $415 million (FY96/97)

Industries: food processing, beverages, textiles, chemicals, metals processing, cement

Industrial production growth rate: NA%

Electricity - production: 1.625 billion kWh (1999)

Electricity - production by source: fossil fuel: 3.08%

hydro: 96.92%

nuclear: 0%

other: 0% (1999)

Electricity - consumption: 1.511 billion kWh (1999)

Electricity - exports: 0 kWh (1999)

Electricity - imports: 0 kWh (1999)

Agriculture - products: cereals, pulses, coffee, oilseed, sugarcane, potatoes, qat; hides, cattle, sheep, goats

Exports: $460 million (f.o.b., 1999)

Exports - commodities: coffee, gold, leather products, oilseeds, qat

Exports - partners: Germany 16%, Japan 13%, Djibouti 10%, Saudi

Arabia 7% (1999 est.)

Imports: $1.25 billion (f.o.b., 1999)

Imports - commodities: food and live animals, petroleum and petroleum products, chemicals, machinery, motor vehicles

Imports - partners: Saudi Arabia 28%, Italy 10%, Russia 7%, US 6% (1999 est.)

Debt - external: $10 billion (1999 est.)

Economic aid - recipient: $367 million (FY95/96)

Currency: birr (ETB)

Currency code: ETB

Exchange rates: birr per US dollar (end of period) - 8.3140 (December 2000), 8.3140 (2000), 8.1340 (1999), 7.5030 (1998), 6.8640 (1997), 6.4260 (1996)

note: since May 1993, the birr market rate has been determined in an interbank market supported by weekly wholesale auction

Fiscal year: 8 July - 7 July

Ethiopia Communications

Telephones - main lines in use: 157,000 (1997)

Telephones - mobile cellular: 4,000 (1999)

Telephone system: general assessment: open wire and microwave radio relay system adequate for government use

domestic: open wire; microwave radio relay; radio communication in the HF, VHF, and UHF frequencies; two domestic satellites provide the national trunk service

international: open wire to Sudan and Djibouti; microwave radio relay to Kenya and Djibouti; satellite earth stations - 3 Intelsat (1 Atlantic Ocean and 2 Pacific Ocean)

Radio broadcast stations: AM 5, FM 0, shortwave 2 (1999)

Radios: 11.75 million (1997)

Television broadcast stations: 25 (1999)

Televisions: 320,000 (1997)

Internet country code: .et

Internet Service Providers (ISPs): 1 (2000)

Internet users: 7,200 (1999)

Ethiopia Transportation

Railways: total: 681 km (Ethiopian segment of the Addis

Ababa-Djibouti railroad)

narrow gauge: 681 km 1.000-m gauge

note: in April 1998, Djibouti and Ethiopia announced plans to revitalize the century-old railroad that links their capitals; since May 1998 Ethiopia has expended considerable effort to repair and maintain the lines

Highways: total: 24,145 km

paved: 3,290 km

unpaved: 20,855 km (1998)

Waterways: none

Ports and harbors: none; Ethiopia is landlocked and was by agreement with Eritrea using the ports of Assab and Massawa; since the border dispute with Eritrea flared, Ethiopia has used the port of Djibouti for nearly all of its imports

Merchant marine: total: 11 ships (1,000 GRT or over) totaling 85,382 GRT/108,526 DWT

ships by type: cargo 6, container 1, petroleum tanker 1, roll on/roll off 3 (2000 est.)

Airports: 86 (2000 est.)

Airports - with paved runways: total: 12

over 3,047 m: 3

2,438 to 3,047 m: 5

1,524 to 2,437 m: 3

914 to 1,523 m: 1 (2000 est.)

Airports - with unpaved runways: total: 74

over 3,047 m: 2

2,438 to 3,047 m: 7

1,524 to 2,437 m: 10

914 to 1,523 m: 35

under 914 m: 20 (2000 est.)

Ethiopia Military

Military branches: Ground Forces, Air Force, Police, Militia

note: Ethiopia is landlocked and has no navy; following the independence of Eritrea, Ethiopian naval facilities remained in Eritrean possession and ships which belonged to the former Ethiopian Navy and based at Djibouti have been sold

Military manpower - military age: 18 years of age

Military manpower - availability: males age 15–49: 14,537,884 (2001 est.)

Military manpower - fit for military service: males age 15–49: 7,581,815 (2001 est.)

Military manpower - reaching military age annually: males: 703,625 (2001 est.)

Military expenditures - dollar figure: $138 million (FY98/99)

Military expenditures - percent of GDP: 2.5% (FY98/99)

Ethiopia Transnational Issues

Disputes - international: most of the southern half of the boundary with Somalia is a Provisional Administrative Line; as a result of the 12 December 2000 peace agreement ending a two year war with Eritrea, the UN will administer a 25-km wide temporary security zone within Eritrea until a joint boundary commission delimits and demarcates a final boundary; dispute over alignment of boundary with Eritrea led to armed conflict in 1998; a peace accord signed in December 2000 provides for UN-assisted arbitration and demarcation of the border

Illicit drugs: transit hub for heroin originating in Southwest and Southeast Asia and destined for Europe and North America as well as cocaine destined for markets in southern Africa; cultivates qat (khat) for local use and regional export, principally to Djibouti and Somalia

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@Europa Island

Europa Island Introduction

Background: A French possession since 1897, the island is heavily wooded; it is the site of a small military garrison that staffs a weather station.

Europa Island Geography

Location: Southern Africa, island in the Mozambique Channel, about one-half of the way from southern Madagascar to southern Mozambique

Geographic coordinates: 22 20 S, 40 22 E

Map references: Africa

Area: total: 28 sq km

land: 28 sq km

water: 0 sq km

Area - comparative: about 0.16 times the size of Washington, DC

Land boundaries: 0 km

Coastline: 22.2 km

Maritime claims: exclusive economic zone: 200 NM

territorial sea: 12 NM

Climate: tropical

Terrain: low and flat

Elevation extremes: lowest point: Indian Ocean 0 m

highest point: unnamed location 24 m

Natural resources: NEGL

Land use: arable land: 0%

permanent crops: 0%

permanent pastures: 0%

forests and woodland: 100%

other: 0%

Irrigated land: 0 sq km (1993)

Natural hazards: NA

Environment - current issues: NA

Geography - note: wildlife sanctuary

Europa Island People

Population: no indigenous inhabitants

note: there is a small French military garrison (July 2001 est.)

Europa Island Government

Country name: conventional long form: none

conventional short form: Europa Island

local long form: none

local short form: Ile Europa

Dependency status: possession of France; administered by a high commissioner of the Republic, resident in Reunion

Legal system: the laws of France, where applicable, apply

Flag description: the flag of France is used

Europa Island Economy

Economy - overview: no economic activity

Europa Island Communications

Communications - note: 1 meteorological station

Europa Island Transportation

Waterways: none

Ports and harbors: none; offshore anchorage only

Airports: 1 (2000 est.)

Airports - with unpaved runways: total: 1

914 to 1,523 m: 1 (2000 est.)

Europa Island Military

Military - note: defense is the responsibility of France

Europa Island Transnational Issues

Disputes - international: claimed by Madagascar

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@Falkland Islands (Islas Malvinas)

Falkland Islands (Islas Malvinas) Introduction

Background: Although first sighted by an English navigator in 1592, the first landing (English) did not occur until almost a century later in 1690, and the first settlement (French) was not established until 1764. The colony was turned over to Spain two years later and the islands have since been the subject of a territorial dispute, first between Britain and Spain, then between Britain and Argentina. The UK asserted its claim to the islands by establishing a naval garrison there in 1833. Argentina invaded the islands on 2 April 1982. The British responded with an expeditionary force that landed seven weeks later and after fierce fighting forced Argentine surrender on 14 June 1982.

Falkland Islands (Islas Malvinas) Geography

Location: Southern South America, islands in the South Atlantic

Ocean, east of southern Argentina

Geographic coordinates: 51 45 S, 59 00 W

Map references: South America

Area: total: 12,173 sq km

land: 12,173 sq km

water: 0 sq km

note: includes the two main islands of East and West Falkland and about 200 small islands

Area - comparative: slightly smaller than Connecticut

Land boundaries: 0 km

Coastline: 1,288 km

Maritime claims: continental shelf: 200 NM

exclusive fishing zone: 200 NM

territorial sea: 12 NM

Climate: cold marine; strong westerly winds, cloudy, humid; rain occurs on more than half of days in year; occasional snow all year, except in January and February, but does not accumulate

Terrain: rocky, hilly, mountainous with some boggy, undulating plains

Elevation extremes: lowest point: Atlantic Ocean 0 m

highest point: Mount Usborne 705 m

Natural resources: fish, wildlife

Land use: arable land: 0%

permanent crops: 0%

permanent pastures: 99%

forests and woodland: 0%

other: 1% (1993 est.)

Irrigated land: NA sq km

Natural hazards: strong winds persist throughout the year

Environment - current issues: NA

Geography - note: deeply indented coast provides good natural harbors; short growing season

Falkland Islands (Islas Malvinas) People

Population: 2,895 (July 2001 est.)

Age structure: 0–14 years: NA%

15–64 years: NA%

65 years and over: NA%

Population growth rate: 2.43% (2001 est.)

Birth rate: NA births/1,000 population

Death rate: NA deaths/1,000 population

Net migration rate: NA migrant(s)/1,000 population

Infant mortality rate: NA deaths/1,000 live births

Life expectancy at birth: total population: NA years

male: NA years

female: NA years

Total fertility rate: NA children born/woman

HIV/AIDS - adult prevalence rate: NA%

HIV/AIDS - people living with HIV/AIDS: NA

HIV/AIDS - deaths: NA

Nationality: noun: Falkland Islander(s)

adjective: Falkland Island

Ethnic groups: British

Religions: primarily Anglican, Roman Catholic, United Free Church,

Evangelist Church, Jehovah's Witnesses, Lutheran, Seventh-Day

Adventist

Languages: English

Falkland Islands (Islas Malvinas) Government

Country name: conventional long form: none

conventional short form: Falkland Islands (Islas Malvinas)

Dependency status: overseas territory of the UK; also claimed by

Argentina

Government type: NA

Capital: Stanley

Administrative divisions: none (overseas territory of the UK; also claimed by Argentina)

Independence: none (overseas territory of the UK; also claimed by

Argentina)

National holiday: Liberation Day, 14 June (1982)

Constitution: 3 October 1985; amended 1997 and 1998

Legal system: English common law

Suffrage: 18 years of age; universal

Executive branch: chief of state: Queen ELIZABETH II (since 6

February 1952)

head of government: Governor Donald LAMONT (since NA May 1999); Chief Executive A. M. GURR (since NA); Financial Secretary D. F. HOWATT (since NA)

cabinet: Executive Council; three members elected by the Legislative Council, two ex officio members (chief executive and the financial secretary), and the governor

elections: none; the monarch is hereditary; governor appointed by the monarch

Legislative branch: unicameral Legislative Council (10 seats - 2 ex officio, 8 elected by popular vote, members serve four-year terms) presided over by the governor

elections: last held 9 October 1997 (next to be held NA October 2001)

election results: percent of vote - NA%; seats - independents 8

Judicial branch: Supreme Court (chief justice is a nonresident); Magistrates Court (senior magistrate presides over civil and criminal divisions)

Political parties and leaders: none; all independents

Political pressure groups and leaders: none

International organization participation: ICFTU

Diplomatic representation in the US: none (overseas territory of the

UK; also claimed by Argentina)

Diplomatic representation from the US: none (overseas territory of the UK; also claimed by Argentina)

Flag description: blue with the flag of the UK in the upper hoist-side quadrant and the Falkland Island coat of arms in a white disk centered on the outer half of the flag; the coat of arms contains a white ram (sheep raising is the major economic activity) above the sailing ship Desire (whose crew discovered the islands) with a scroll at the bottom bearing the motto DESIRE THE RIGHT

Falkland Islands (Islas Malvinas) Economy

Economy - overview: The economy was formerly based on agriculture, mainly sheep farming, but today fishing contributes the bulk of economic activity. In 1987 the government began selling fishing licenses to foreign trawlers operating within the Falklands exclusive fishing zone. These license fees total more than $40 million per year, which goes to support the island's health, education, and welfare system. Squid accounts for 75% of the fish taken. Dairy farming supports domestic consumption; crops furnish winter fodder. Exports feature shipments of high-grade wool to the UK and the sale of postage stamps and coins. To encourage tourism, the Falkland Islands Development Corporation has built three lodges for visitors attracted by the abundant wildlife and trout fishing. The islands are now self-financing except for defense. The British Geological Survey announced a 200-mile oil exploration zone around the islands in 1993, and early seismic surveys suggest substantial reserves capable of producing 500,000 barrels per day; to date no exploitable site has been identified. An agreement between Argentina and the UK in 1995 seeks to defuse licensing and sovereignty conflicts that would dampen foreign interest in exploiting potential oil reserves.

GDP: purchasing power parity - $52 million (FY95/96 est.)

GDP - real growth rate: 1% (FY95/96 est.)

GDP - per capita: purchasing power parity - $19,000 (FY95/96 est.)

GDP - composition by sector: agriculture: NA%

industry: NA%

services: NA%

Population below poverty line: NA%

Household income or consumption by percentage share: lowest 10%: NA%

highest 10%: NA%

Inflation rate (consumer prices): 3.6% (1998)

Labor force: 1,100 (est.)

Labor force - by occupation: agriculture 95% (mostly sheepherding and fishing)

Unemployment rate: full employment; labor shortage

Budget: revenues: $66.2 million

expenditures: $67.9 million, including capital expenditures of $23.2 million (FY98/99 est.)

Industries: wool and fish processing; sale of stamps and coins

Industrial production growth rate: NA%

Electricity - production: 12 million kWh (1999)

Electricity - production by source: fossil fuel: 100%

hydro: 0%

nuclear: 0%

other: 0% (1999)

Electricity - consumption: 11.2 million kWh (1999)

Electricity - exports: 0 kWh (1999)

Electricity - imports: 0 kWh (1999)

Agriculture - products: fodder and vegetable crops; sheep, dairy products

Exports: $7.6 million (1995)

Exports - commodities: wool, hides, meat

Exports - partners: UK, Japan, Chile, NZ

Imports: $24.7 million (1995)

Imports - commodities: fuel, food and drink, building materials, clothing

Imports - partners: UK, Japan, Chile, NZ

Debt - external: $NA

Economic aid - recipient: $1.7 million (1995)

Currency: Falkland pound (FKP)

Currency code: FKP

Exchange rates: Falkland pounds per US dollar - 0.6764 (January 2001), 0.6596 (2000), 0.6180 (1999), 0.6037 (1998), 0.6106 (1997), 0.6403 (1996); note - the Falkland pound is at par with the British pound

Fiscal year: 1 April - 31 March

Falkland Islands (Islas Malvinas) Communications

Telephones - main lines in use: NA

Telephones - mobile cellular: NA

Telephone system: general assessment: NA

domestic: government-operated radiotelephone and private VHF/CB radiotelephone networks provide effective service to almost all points on both islands

international: satellite earth station - 1 Intelsat (Atlantic Ocean) with links through London to other countries

Radio broadcast stations: AM 1, FM 7, shortwave 0 (1998)

Radios: 1,000 (1997)

Television broadcast stations: 2 (operated by the British Forces

Broadcasting Service) (1997)

Televisions: 1,000 (1997)

Internet country code: .fk

Internet Service Providers (ISPs): 2 (2000)

Internet users: NA

Falkland Islands (Islas Malvinas) Transportation

Railways: 0 km

Highways: total: 440 km

paved: 50 km

unpaved: 390 km

Waterways: none

Ports and harbors: Stanley

Merchant marine: none (2000 est.)

Airports: 5 (2000 est.)

Airports - with paved runways: total: 2

2,438 to 3,047 m: 1

under 914 m: 1 (2000 est.)

Airports - with unpaved runways: total: 3

under 914 m: 3 (2000 est.)

Falkland Islands (Islas Malvinas) Military

Military branches: British Forces Falkland Islands (includes Army,

Royal Air Force, Royal Navy, and Royal Marines), Police Force

Military expenditures - dollar figure: $NA

Military expenditures - percent of GDP: NA%

Military - note: defense is the responsibility of the UK

Falkland Islands (Islas Malvinas) Transnational Issues

Disputes - international: claimed by Argentina

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@Faroe Islands

Faroe Islands Introduction

Background: 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.

Faroe Islands Geography

Location: Northern Europe, island group between the Norwegian Sea and the North Atlantic Ocean, about one-half of the way from Iceland to Norway

Geographic coordinates: 62 00 N, 7 00 W

Map references: Europe

Area: total: 1,399 sq km

land: 1,399 sq km

water: 0 sq km (some lakes and streams)

Area - comparative: eight times the size of Washington, DC

Land boundaries: 0 km

Coastline: 1,117 km

Maritime claims: continental shelf: 200 NM or agreed boundaries or median line

exclusive fishing zone: 200 NM or agreed boundaries or median line

territorial sea: 3 NM

Climate: mild winters, cool summers; usually overcast; foggy, windy

Terrain: rugged, rocky, some low peaks; cliffs along most of coast

Elevation extremes: lowest point: Atlantic Ocean 0 m

highest point: Slaettaratindur 882 m

Natural resources: fish, whales, hydropower

Land use: arable land: 6%

permanent crops: 0%

permanent pastures: 0%

forests and woodland: 0%

other: 94% (1996)

Irrigated land: 0 sq km

Natural hazards: NA

Environment - current issues: NA

Geography - note: archipelago of 17 inhabited islands and one uninhabited island, and a few uninhabited islets; strategically located along important sea lanes in northeastern Atlantic; precipitous terrain limits habitation to small coastal lowlands

Faroe Islands People

Population: 45,661 (July 2001 est.)

Age structure: 0–14 years: 22.62% (male 5,193; female 5,136)

15–64 years: 63.64% (male 15,463; female 13,596)

65 years and over: 13.74% (male 2,802; female 3,471) (2001 est.)

Population growth rate: 0.78% (2001 est.)

Birth rate: 13.64 births/1,000 population (2001 est.)

Death rate: 8.69 deaths/1,000 population (2001 est.)

Net migration rate: 2.89 migrant(s)/1,000 population (2001 est.)

Sex ratio: at birth: 1 male(s)/female

under 15 years: 1.01 male(s)/female

15–64 years: 1.14 male(s)/female

65 years and over: 0.81 male(s)/female

total population: 1.06 male(s)/female (2001 est.)

Infant mortality rate: 6.8 deaths/1,000 live births (2001 est.)

Life expectancy at birth: total population: 78.59 years

male: 75.12 years

female: 82.06 years

Total fertility rate: 2.3 children born/woman (2001 est.)

HIV/AIDS - adult prevalence rate: NA%

HIV/AIDS - people living with HIV/AIDS: NA

HIV/AIDS - deaths: NA

Nationality: noun: Faroese (singular and plural)

adjective: Faroese

Ethnic groups: Scandinavian

Religions: Evangelical Lutheran

Languages: Faroese (derived from Old Norse), Danish

Literacy: definition: NA

total population: NA%

male: NA%

female: NA%

note: similar to Denmark proper

Faroe Islands Government

Country name: conventional long form: none

conventional short form: Faroe Islands

local long form: none

local short form: Foroyar

Dependency status: part of the Kingdom of Denmark; self-governing overseas administrative division of Denmark since 1948

Government type: NA

Capital: Torshavn

Administrative divisions: none (part of the Kingdom of Denmark; self-governing overseas administrative division of Denmark); there are no first-order administrative divisions as defined by the US Government, but there are 49 municipalities

Independence: none (part of the Kingdom of Denmark; self-governing overseas administrative division of Denmark)

National holiday: Olaifest, 29 July

Constitution: 5 June 1953 (Danish constitution)

Legal system: Danish

Suffrage: 18 years of age; universal

Executive branch: chief of state: Queen MARGRETHE II of Denmark (since 14 January 1972), represented by High Commissioner Ms. Vibeke LARSEN, chief administrative officer (since NA)

head of government: Prime Minister Anfinn KALLSBERG (since 15 May 1998)

cabinet: Landsstyri appointed by the prime minister

elections: the monarch is hereditary; high commissioner appointed by the monarch; following legislative elections, the leader of the party that wins the most seats is usually elected prime minister by the Faroese Parliament; election last held 30 April 1998 (next to be held no later than April 2002)

election results: Anfinn KALLSBERG elected prime minister; percent of parliamentary vote - 52.8%

note: coalition of People's Party, Republican Party and Home Rule Party

Legislative branch: unicameral Faroese Parliament or Logting (32 seats; members are elected by popular vote on a proportional basis from the seven constituencies to serve four-year terms)

elections: last held 30 April 1998 (next to be held not later than April 2002)

election results: percent of vote by party - Republican Party 23.8%, People's Party 21.3%, Social Democratic Party 21.9%, Union Party 18%, Home Rue Party 7.7%, Center Party 4.1%; seats by party - Republican Party 8, People's Party 8, Social Democratic Party 7, Union Party 6, Home Rule Party 2, Center Party 1

note: election of 2 seats to the Danish Parliament was last held on 11 March 1998 (next to be held not later than March 2002); results - percent of vote by party - NA; seats by party - Social Democratic Party 1, People's Party 1

Judicial branch: none

Political parties and leaders: Center Party [Jenis A. RANA]; Home

Rule Party [Helena Dam a NEYSTABO]; People's Party [Oli BRECKMANN];

Republican Party [Hogni HOYDAL]; Social Democratic Party [Joannes

EIDESGAARD]; Union Party [Edmund JOENSEN]

Political pressure groups and leaders: NA

International organization participation: NC, NIB

Diplomatic representation in the US: none (self-governing overseas administrative division of Denmark)

Diplomatic representation from the US: none (self-governing overseas administrative division of Denmark)

Flag description: white with a red cross outlined in blue that extends to the edges of the flag; the vertical part of the cross is shifted to the hoist side in the style of the Dannebrog (Danish flag)

Faroe Islands Economy

Economy - overview: The Faroese economy has had a strong performance since 1994, mostly as a result of increasing fish landings and high and stable export prices. Unemployment is falling and there are signs of labor shortages in several sectors. 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 required to ensure a sustainable level of fishing in the long term. 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 less dependence on Denmark and 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.