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: 5,041,000,000
Criminals: 551,005,950
Elderly, Disabled, & Retirees: 697,939,231
Military & Reserves: ? 245,985,214
Students and Youth: 846,888,000
Unemployed but Able: 787,401,784
Working Class: 1,911,779,821

Faroe Islands-0 Government Budget Details

Government Budget: $14,793,278,006,482.70
Government Expenditures: $14,201,546,886,223.39
Goverment Waste: $591,731,120,259.31
Goverment Efficiency: 96%

Faroe Islands-0 Government Spending Breakdown:

Administration: $1,420,154,688,622.34 10%
Social Welfare: $1,562,170,157,484.57 11%
Healthcare: $1,704,185,626,346.81 12%
Education: $1,420,154,688,622.34 10%
Religion & Spirituality: $284,030,937,724.47 2%
Defense: $2,698,293,908,382.44 19%
Law & Order: $1,988,216,564,071.28 14%
Commerce: $568,061,875,448.94 4%
Public Transport: $1,420,154,688,622.34 10%
The Environment: $568,061,875,448.94 4%
Social Equality: $710,077,344,311.17 5%
        Compare Faroe Islands-0 to another nation:

Faroe Islands-0 White Market Statistics ?

Gross Domestic Product: $12,596,400,000,000.00
GDP Per Capita: $2,498.79
Average Salary Per Employee: $4,543.13
Unemployment Rate: 23.56%
Consumption: $44,944,855,054,417.92
Exports: $7,355,424,866,304.00
Imports: $7,248,424,206,336.00
Trade Net: 107,000,659,968.00

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

Black & Grey Markets Combined: $13,527,316,798,592.42
Avg Annual Criminal's Income / Savings: ? $2,109.13
Recovered Product + Fines & Fees: $1,420,368,263,852.20

Black Market & Grey Market Statistics:

Guns & Weapons: $672,843,664,818.19
Drugs and Pharmaceuticals: $621,086,459,832.17
Extortion & Blackmail: $483,067,246,536.14
Counterfeit Goods: $948,882,091,410.27
Trafficking & Intl Sales: $448,562,443,212.13
Theft & Disappearance: $586,581,656,508.16
Counterfeit Currency & Instruments : $1,155,910,911,354.32
Illegal Mining, Logging, and Hunting : $310,543,229,916.09
Basic Necessitites : $638,338,861,494.18
School Loan Fraud : $414,057,639,888.12
Tax Evasion + Barter Trade : $5,816,746,223,394.74

Faroe Islands-0 Total Market Statistics ?

National Currency: lira
Exchange Rates: 1 lira = $0.25
  $1 = 4.02 liras
  Regional Exchange Rates
Gross Domestic Product: $12,596,400,000,000.00 - 48%
Black & Grey Markets Combined: $13,527,316,798,592.42 - 52%
Real Total Economy: $26,123,716,798,592.42          

Countries of the World Economic Statistics & Links

Gross Regional Product: $13,512,890,531,184,640
Region Wide Imports: $1,857,613,352,402,944
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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