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: 5,001,000,000
Criminals: 546,623,393
Elderly, Disabled, & Retirees: 692,401,434
Military & Reserves: ? 244,035,335
Students and Youth: 840,168,000
Unemployed but Able: 781,146,343
Working Class: 1,896,625,495

Faroe Islands-0 Government Budget Details

Government Budget: $14,675,894,488,698.72
Government Expenditures: $14,088,858,709,150.77
Goverment Waste: $587,035,779,547.95
Goverment Efficiency: 96%

Faroe Islands-0 Government Spending Breakdown:

Administration: $1,408,885,870,915.08 10%
Social Welfare: $1,549,774,458,006.58 11%
Healthcare: $1,690,663,045,098.09 12%
Education: $1,408,885,870,915.08 10%
Religion & Spirituality: $281,777,174,183.02 2%
Defense: $2,676,883,154,738.65 19%
Law & Order: $1,972,440,219,281.11 14%
Commerce: $563,554,348,366.03 4%
Public Transport: $1,408,885,870,915.08 10%
The Environment: $563,554,348,366.03 4%
Social Equality: $704,442,935,457.54 5%
        Compare Faroe Islands-0 to another nation:

Faroe Islands-0 White Market Statistics ?

Gross Domestic Product: $12,499,500,000,000.00
GDP Per Capita: $2,499.40
Average Salary Per Employee: $4,544.21
Unemployment Rate: 23.56%
Consumption: $44,588,221,102,817.28
Exports: $7,300,194,222,080.00
Imports: $7,190,908,239,872.00
Trade Net: 109,285,982,208.00

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

Black & Grey Markets Combined: $13,419,978,585,161.88
Avg Annual Criminal's Income / Savings: ? $2,109.17
Recovered Product + Fines & Fees: $1,409,097,751,442.00

Black Market & Grey Market Statistics:

Guns & Weapons: $667,504,702,333.98
Drugs and Pharmaceuticals: $616,158,186,769.83
Extortion & Blackmail: $479,234,145,265.42
Counterfeit Goods: $941,352,785,342.80
Trafficking & Intl Sales: $445,003,134,889.32
Theft & Disappearance: $581,927,176,393.73
Counterfeit Currency & Instruments : $1,146,738,847,599.41
Illegal Mining, Logging, and Hunting : $308,079,093,384.92
Basic Necessitites : $633,273,691,957.88
School Loan Fraud : $410,772,124,513.22
Tax Evasion + Barter Trade : $5,770,590,791,619.61

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: $12,499,500,000,000.00 - 48%
Black & Grey Markets Combined: $13,419,978,585,161.88 - 52%
Real Total Economy: $25,919,478,585,161.88          

Countries of the World Economic Statistics & Links

Gross Regional Product: $13,213,400,314,150,912
Region Wide Imports: $1,817,222,674,644,992
Largest Regional GDP: -For The Future
Largest Regional Importer: -For The Future
Regional Search Functions: All Countries of the World Nations.
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Regional Exchange Rates | WA Members
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