Facts about the Faroe Islands:

Location & size:

Situated in the heart of the Gulf Stream in the North Atlantic at 62°00'N, the Faroe Islands lie northwest of Scotland and halfway between Iceland and Norway.

The archipelago is composed of 18 islands covering 1399 km2 (545.3 sq.miles) and is 113 km (70 miles) long and 75 km (47 miles) wide, roughly in the shape of an arrowhead.
There are 1100 km (687 miles) of coastline and at no time is one more than 5 km (3 miles) away from the ocean. The highest mountain is 882 m (2883 ft) above sea level and the average height above sea level for the country is 300 m (982 ft).

Population:

The population in the Faroe Islands is 48.290 (March 2005).

The capital area Tórshavn has a population of 19.300. Klaksvík, the second largest town in the Faroes, has a population of 6.000.

Climate:

The weather is maritime and quite changeable, from moments of brilliant sunshine to misty hill fog, to showers. The Gulf Stream encircling the islands tempers the climate.
The harbours never freeze and the temperature in winter time is very moderate considering the high latitude. Snowfall occurs, but is shortlived.
The average temperature ranges from 3°C in winter to 11°C in the summer. In sheltered areas, the temperature can be much higher, but the air is always fresh and clean no matter what the season

Language:

Faroese is the national language and is rooted in Old Norse.
Nordic languages are readily understood by most Faroese, and English is also widely spoken, especially among the younger people.

Religion:

Religion plays an important part in Faroese culture. 
80% of the population belong to the established church, the Evangelical-Lutheran.10% of the population belong to the Christian Brethren (Plymouth Brethren).

Industry:

The fishing industry is the most important source of income for the Faroes.
Fish products account for over 97% of the export volume.
Tourism is the second largest industry, followed by woollen and other manufactured products.

Form of Government:

Since 1948, the Faroe Islands have been a self-governing region of the Kingdom of Denmark.
It has its own parlament and its own flag.
It is not, however, a member of the European Union and all trade is governed by special treaties.

Source: visit-faroeislands.com