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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 granted the Faroese in 1948, who have autonomy over most internal affairs while Denmark is responsible for justice, defense, and foreign affairs. The Faroe Islands are not part of the European Union. Population 49,057 (July 2010 est.) Government type 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 34 municipalities Administrative divisions NA Independence Olaifest (Olavasoka), 29 July International organization participation white with a red cross outlined in blue extending to the edges of the flag; the vertical part of the cross is shifted toward the hoist side in the style of the Dannebrog (Danish flag); the flag resembles those of neighboring Iceland and Norway, and uses the same three colors - but in a different sequence Economy - overview Market value of publicly traded shares fishing, fish processing, small ship repair and refurbishment, handicrafts Agriculture - products 8% (2007 est.) Industries 275.8 million kWh (2008 est.) Industrial production growth rate 264.4 million kWh (2008 est.) Electricity - production 0 kWh (2008) Internet country code 37,500 (2008) WebCam