The Republic of Faroe Island

The Republic of Faroe Islands-0

Strength Through Compliance

Region: Countries of the World         Faroe Islands-0 Economic Stats           Faroe Islands-0 Mobile Stats         Calculation Explained

Faroe Islands-0 Domestic Statistics

Government Category: Republic
Government Priority: Defence
Economic Rating: Strong
Civil Rights Rating: Good
Political Freedoms: Good
Income Tax Rate: 16%
Consumer Confidence Rate: 102%
Worker Enthusiasm Rate: 104%
Major Industry: Woodchip Exports
National Animal: dolphin

Faroe Islands-0 Demographics

Total Population: 5,342,000,000
Criminals: 584,014,486
Elderly, Disabled, & Retirees: 739,610,272
Military & Reserves: ? 260,652,315
Students and Youth: 897,456,000
Unemployed but Able: 834,495,430
Working Class: 2,025,771,498

Faroe Islands-0 Government Budget Details

Government Budget: $15,676,589,441,663.63
Government Expenditures: $15,049,525,863,997.09
Goverment Waste: $627,063,577,666.55
Goverment Efficiency: 96%

Faroe Islands-0 Government Spending Breakdown:

Administration: $1,504,952,586,399.71 10%
Social Welfare: $1,655,447,845,039.68 11%
Healthcare: $1,805,943,103,679.65 12%
Education: $1,504,952,586,399.71 10%
Religion & Spirituality: $300,990,517,279.94 2%
Defense: $2,859,409,914,159.45 19%
Law & Order: $2,106,933,620,959.59 14%
Commerce: $601,981,034,559.88 4%
Public Transport: $1,504,952,586,399.71 10%
The Environment: $601,981,034,559.88 4%
Social Equality: $752,476,293,199.86 5%
        Compare Faroe Islands-0 to another nation:

Faroe Islands-0 White Market Statistics ?

Gross Domestic Product: $13,316,800,000,000.00
GDP Per Capita: $2,492.85
Average Salary Per Employee: $4,532.69
Unemployment Rate: 23.57%
Consumption: $47,628,526,949,498.88
Exports: $7,762,879,619,072.00
Imports: $7,681,230,241,792.00
Trade Net: 81,649,377,280.00

Faroe Islands-0 Grey and Black Market Statistics ?
Evasion, Black Market, Barter & Crime

Black & Grey Markets Combined: $14,335,037,278,818.34
Avg Annual Criminal's Income / Savings: ? $2,108.74
Recovered Product + Fines & Fees: $1,505,178,914,275.93

Black Market & Grey Market Statistics:

Guns & Weapons: $713,019,378,609.45
Drugs and Pharmaceuticals: $658,171,734,101.03
Extortion & Blackmail: $511,911,348,745.24
Counterfeit Goods: $1,005,540,149,321.01
Trafficking & Intl Sales: $475,346,252,406.30
Theft & Disappearance: $621,606,637,762.08
Counterfeit Currency & Instruments : $1,224,930,727,354.69
Illegal Mining, Logging, and Hunting : $329,085,867,050.51
Basic Necessitites : $676,454,282,270.50
School Loan Fraud : $438,781,156,067.35
Tax Evasion + Barter Trade : $6,164,066,029,891.89

Faroe Islands-0 Total Market Statistics ?

National Currency: lira
Exchange Rates: 1 lira = $0.25
  $1 = 4.03 liras
  Regional Exchange Rates
Gross Domestic Product: $13,316,800,000,000.00 - 48%
Black & Grey Markets Combined: $14,335,037,278,818.34 - 52%
Real Total Economy: $27,651,837,278,818.34          

Countries of the World Economic Statistics & Links

Gross Regional Product: $15,213,207,954,128,896
Region Wide Imports: $2,082,839,424,139,264
Largest Regional GDP: -For The Future
Largest Regional Importer: -For The Future
Regional Search Functions: All Countries of the World Nations.
Regional Nations by GDP | Regional Trading Leaders
Regional Exchange Rates | WA Members
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