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Compare Bahamas, The (2008) - Faroe Islands (2002)
Compare Bahamas, The (2008) z Faroe Islands (2002)
| Bahamas, The (2008) | Faroe Islands (2002) | |
 |  | |
| Administrative divisions | 21 districts; Acklins and Crooked Islands, Bimini, Cat Island, Exuma, Freeport, Fresh Creek, Governor's Harbour, Green Turtle Cay, Harbour Island, High Rock, Inagua, Kemps Bay, Long Island, Marsh Harbour, Mayaguana, New Providence, Nichollstown and Berry Islands, Ragged Island, Rock Sound, Sandy Point, San Salvador and Rum Cay | 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 49 municipalities |
| Age structure | 0-14 years: 27% (male 41,268/female 41,186)
15-64 years: 66.5% (male 99,961/female 103,230) 65 years and over: 6.5% (male 8,176/female 11,834) (2007 est.) |
0-14 years: 22.3% (male 5,149; female 5,110)
15-64 years: 64% (male 15,650; female 13,801) 65 years and over: 13.7% (male 2,818; female 3,483) (2002 est.) |
| Agriculture - products | citrus, vegetables; poultry | milk, potatoes, vegetables; sheep; salmon, other fish |
| Airports | 62 (2007) | 1 (2001) |
| Airports - with paved runways | total: 24
over 3,047 m: 2 2,438 to 3,047 m: 3 1,524 to 2,437 m: 12 914 to 1,523 m: 7 (2007) |
total: 1
914 to 1,523 m: 1 (2002) |
| Airports - with unpaved runways | total: 38
1,524 to 2,437 m: 5 914 to 1,523 m: 11 under 914 m: 22 (2007) |
- |
| Area | total: 13,940 sq km
land: 10,070 sq km water: 3,870 sq km |
total: 1,399 sq km
land: 1,399 sq km water: 0 sq km (some lakes and streams) |
| Area - comparative | slightly smaller than Connecticut | eight times the size of Washington, DC |
| Background | Lucayan Indians inhabited the islands when Christopher COLUMBUS first set foot in the New World on San Salvador in 1492. British settlement of the islands began in 1647; the islands became a colony in 1783. Since attaining independence from the UK in 1973, The Bahamas have prospered through tourism and international banking and investment management. Because of its geography, the country is a major transshipment point for illegal drugs, particularly shipments to the US and Europe, and its territory is used for smuggling illegal migrants into the US. | 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 attained in 1948. |
| Birth rate | 17.3 births/1,000 population (2007 est.) | 13.74 births/1,000 population (2002 est.) |
| Budget | revenues: $1.03 billion
expenditures: $1.03 billion (FY04/05) |
revenues: $488 million
expenditures: $484 million, including capital expenditures of $21 million (1999) |
| Capital | name: Nassau
geographic coordinates: 25 05 N, 77 21 W time difference: UTC-5 (same time as Washington, DC during Standard Time) daylight saving time: +1hr, begins second Sunday in March; ends first Sunday in November |
Torshavn |
| Climate | tropical marine; moderated by warm waters of Gulf Stream | mild winters, cool summers; usually overcast; foggy, windy |
| Coastline | 3,542 km | 1,117 km |
| Constitution | 10 July 1973 | 5 June 1953 (Danish constitution) |
| Country name | conventional long form: Commonwealth of The Bahamas
conventional short form: The Bahamas |
conventional long form: none
conventional short form: Faroe Islands local long form: none local short form: Foroyar |
| Currency | - | Danish krone (DKK) |
| Death rate | 9.13 deaths/1,000 population (2007 est.) | 8.69 deaths/1,000 population (2002 est.) |
| Debt - external | $342.6 million (2004 est.) | $64 million (1999) |
| Dependency status | - | part of the Kingdom of Denmark; self-governing overseas administrative division of Denmark since 1948 |
| Diplomatic representation from the US | chief of mission: Ambassador Ned L. SIEGEL
embassy: 42 Queen Street, Nassau mailing address: local or express mail address: P. O. Box N-8197, Nassau; US Department of State, 3370 Nassau Place, Washington, DC 20521-3370 telephone: [1] (242) 322-1181, 356-3229 (after hours) FAX: [1] (242) 356-0222 |
none (self-governing overseas administrative division of Denmark) |
| Diplomatic representation in the US | chief of mission: Ambassador Cornelius A. SMITH
chancery: 2220 Massachusetts Avenue NW, Washington, DC 20008 telephone: [1] (202) 319-2660 FAX: [1] (202) 319-2668 consulate(s) general: Miami, New York |
none (self-governing overseas administrative division of Denmark) |
| Disputes - international | disagrees with the US on the alignment of a potential maritime boundary; continues to monitor and interdict drug dealers and Haitian refugees in Bahamian waters | Faroese are considering proposals for full independence; Denmark dispute with Iceland over the Faroe Islands fisheries median line boundary of 200 NM; Denmark disputes with Iceland, the UK, and Ireland over the Faroe Islands continental shelf boundary outside 200 NM |
| Economic aid - recipient | $4.78 million (2004) | $135 million (annual subsidy from Denmark) (1999) |
| Economy - overview | The Bahamas is one of the wealthiest Caribbean countries with an economy heavily dependent on tourism and offshore banking. Tourism together with tourism-driven construction and manufacturing accounts for approximately 60% of GDP and directly or indirectly employs half of the archipelago's labor force. Steady growth in tourism receipts and a boom in construction of new hotels, resorts, and residences had led to solid GDP growth in recent years, but tourist arrivals have been on the decline since 2006. Financial services constitute the second-most important sector of the Bahamian economy and, when combined with business services, account for about 36% of GDP. However, since December 2000, when the government enacted new regulations on the financial sector, many international businesses have left The Bahamas. Manufacturing and agriculture combined contribute approximately a tenth of GDP and show little growth, despite government incentives aimed at those sectors. Overall growth prospects in the short run rest heavily on the fortunes of the tourism sector. Tourism, in turn, depends on growth in the US, the source of more than 80% of the visitors. | The Faroese economy has had a strong performance since 1994, mostly as a result of increasing fish landings and high and stable export prices. Unemployment is falling and there are signs of labor shortages in several sectors. The positive economic development has helped the Faroese Home Rule Government produce increasing budget surpluses which in turn help to reduce the large public debt, most of it owed to Denmark. However, the total dependence on fishing makes the Faroese economy extremely vulnerable, and the present fishing efforts appear in excess of what is a sustainable level of fishing in the long term. Oil finds close to the Faroese area give hope for deposits in the immediate Faroese area, which may eventually lay the basis for a more diversified economy and thus lessen dependence on Denmark and Danish economic assistance. Aided by a substantial annual subsidy (15% of GDP) from Denmark, the Faroese have a standard of living not far below the Danes and other Scandinavians. |
| Electricity - consumption | 1.762 billion kWh (2005) | 153.45 million kWh (2000) |
| Electricity - exports | 0 kWh (2005) | 0 kWh (2000) |
| Electricity - imports | 0 kWh (2005) | 0 kWh (2000) |
| Electricity - production | 1.894 billion kWh (2005) | 165 million kWh (2000) |
| Electricity - production by source | - | fossil fuel: 61%
hydro: 39% nuclear: 0% other: 0% (2000) |
| Elevation extremes | lowest point: Atlantic Ocean 0 m
highest point: Mount Alvernia, on Cat Island 63 m |
lowest point: Atlantic Ocean 0 m
highest point: Slaettaratindur 882 m |
| Environment - current issues | coral reef decay; solid waste disposal | NA |
| Environment - international agreements | party to: Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Desertification, Endangered Species, Hazardous Wastes, Law of the Sea, Ozone Layer Protection, Ship Pollution, Wetlands
signed, but not ratified: none of the selected agreements |
- |
| Ethnic groups | black 85%, white 12%, Asian and Hispanic 3% | Scandinavian |
| Exchange rates | Bahamian dollars per US dollar - 1 (2007), 1 (2006), 1 (2005), 1 (2004), 1 (2003) | Danish kroner per US dollar - 8.418 (January 2002), 8.323 (2001), 8.083 (2000), 6.976 (1999), 6.701 (1998), 6.604 (1997) |
| Executive branch | chief of state: Queen ELIZABETH II (since 6 February 1952); represented by Governor General Arthur D. HANNA (since 1 February 2006)
head of government: Prime Minister Hubert A. INGRAHAM (since 4 May 2007) cabinet: Cabinet appointed by the governor general on the prime minister's recommendation elections: none; the monarch is hereditary; governor general appointed by the monarch; following legislative elections, the leader of the majority party or the leader of the majority coalition is usually appointed prime minister by the governor general; the prime minister recommends the deputy prime minister |
chief of state: Queen MARGRETHE II of Denmark (since 14 January 1972), represented by High Commissioner Birgit KLEIS, chief administrative officer (since 1 November 2001)
head of government: Prime Minister Anfinn KALLSBERG (since 15 May 1998) cabinet: Landsstyri appointed by the prime minister elections: the monarch is hereditary; high commissioner appointed by the monarch; following legislative elections, the leader of the majority party or the leader of the majority coalition is usually elected prime minister by the Faroese Parliament; election last held 30 April 1998 (next to be held no later than April 2002) election results: Anfinn KALLSBERG elected prime minister; percent of parliamentary vote - 52.8% note: coalition of People's Party, Republican Party, and Home Rule Party |
| Exports | transshipments of 41,290 bbl/day (2004) | $471 million f.o.b. (1999) |
| Exports - commodities | mineral products and salt, animal products, rum, chemicals, fruit and vegetables | fish and fish products 94%, stamps, ships (1999) |
| Exports - partners | Spain 22.3%, US 19.8%, Poland 13.5%, Germany 13%, UK 5.7%, Guatemala 4.9% (2006) | Denmark 32%, UK 21%, France 9%, Germany 7%, Iceland 5%, US 5% (1996) |
| Fiscal year | 1 July - 30 June | calendar year |
| Flag description | three equal horizontal bands of aquamarine (top), gold, and aquamarine, with a black equilateral triangle based on the hoist side | 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) |
| GDP | - | purchasing power parity - $910 million (2000 est.) |
| GDP - composition by sector | agriculture: 3%
industry: 7% services: 90% (2001 est.) |
agriculture: 27%
industry: 11% services: 62% (1999) |
| GDP - per capita | - | purchasing power parity - $20,000 (2000 est.) |
| GDP - real growth rate | 2.8% (2007 est.) | 5% (2000 est.) |
| Geographic coordinates | 24 15 N, 76 00 W | 62 00 N, 7 00 W |
| Geography - note | strategic location adjacent to US and Cuba; extensive island chain of which 30 are inhabited | archipelago of 17 inhabited islands and one uninhabited island, and a few uninhabited islets; strategically located along important sea lanes in northeastern Atlantic; precipitous terrain limits habitation to small coastal lowlands |
| Heliports | 1 (2007) | - |
| Highways | - | total: 463 km
paved: 454 km unpaved: 9 km (1999) |
| Household income or consumption by percentage share | lowest 10%: NA%
highest 10%: 27% (2000) |
lowest 10%: NA%
highest 10%: NA% |
| Illicit drugs | transshipment point for cocaine and marijuana bound for US and Europe; offshore financial center | - |
| Imports | 68,250 bbl/day (2004) | $469 million c.i.f. (1999) |
| Imports - commodities | machinery and transport equipment, manufactures, chemicals, mineral fuels; food and live animals | machinery and transport equipment 29%, consumer goods 36%, raw materials and semi-manufactures 32%, fuels, fish and salt (1999) |
| Imports - partners | US 24.7%, Brazil 15.7%, Japan 13.1%, South Korea 7.8%, Spain 6.2% (2006) | Denmark 28%, Norway 26%, Germany 7%, UK 6% Sweden 5%, Iceland 4%, US (1999) |
| Independence | 10 July 1973 (from UK) | none (part of the Kingdom of Denmark; self-governing overseas administrative division of Denmark) |
| Industrial production growth rate | NA% | 8% (1999 est.) |
| Industries | tourism, banking, cement, oil transshipment, salt, rum, aragonite, pharmaceuticals, spiral-welded steel pipe | fishing, fish processing, shipbuilding, construction, handicrafts |
| Infant mortality rate | total: 24.17 deaths/1,000 live births
male: 29.58 deaths/1,000 live births female: 18.65 deaths/1,000 live births (2007 est.) |
6.66 deaths/1,000 live births (2002 est.) |
| Inflation rate (consumer prices) | 2.4% (2007 est.) | 5.1% (1999) |
| International organization participation | ACP, C, Caricom, CDB, FAO, G-77, IADB, IBRD, ICAO, ICCt (signatory), ICFTU, ICRM, IDA, IFC, IFRCS, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, ITSO, ITU, LAES, MIGA, NAM, OAS, OPANAL, OPCW (signatory), UN, UNCTAD, UNESCO, UNIDO, UNWTO, UPU, WCO, WHO, WIPO, WMO, WTO (observer) | NC, NIB |
| Internet Service Providers (ISPs) | - | 2 (2000) |
| Irrigated land | 10 sq km (2003) | 0 sq km (1998 est.) |
| Judicial branch | Privy Council (London); Courts of Appeal; Supreme (lower) Court; magistrates courts | none |
| Labor force | 181,900 (2006) | 24,250 (October 2000 ) |
| Labor force - by occupation | agriculture 5%, industry 5%, tourism 50%, other services 40% (2005 est.) | fishing, fish processing, and manufacturing 33%, construction and private services 33%, public services 34% |
| Land boundaries | 0 km | 0 km |
| Land use | arable land: 0.58%
permanent crops: 0.29% other: 99.13% (2005) |
arable land: 2.14%
permanent crops: 0% other: 97.86% (1998 est.) |
| Languages | English (official), Creole (among Haitian immigrants) | Faroese (derived from Old Norse), Danish |
| Legal system | based on English common law | Danish |
| Legislative branch | bicameral Parliament consists of the Senate (16 seats; members appointed by the governor general upon the advice of the prime minister and the opposition leader to serve five-year terms) and the House of Assembly (41 seats; members elected by direct popular vote to serve five-year terms); the government may dissolve the Parliament and call elections at any time
elections: last held 2 May 2007 (next to be called by May 2012) election results: percent of vote by party - FNM 49.86%, PLP 47.02%; seats by party - FNM 23, PLP 18 |
unicameral Faroese Parliament or Logting (32 seats; members are elected by popular vote on a proportional basis from the seven constituencies to serve four-year terms)
elections: last held 30 April 2002 (next to be held no later than April 2006) election results: percent of vote by party - Union Party 26%, Republican Party 23.7%, Social Democrats 20.9%, People's Party 20.8% Independence Party 4.4%, Center Party 4.2%; seats by party - Union Party 8, Republican Party 8, Social Democrats 7, People's Party 7, Independence Party 1, Center Party 1 note: election of 2 seats to the Danish Parliament was last held on 20 November 2001 (next to be held no later than November 2005); results - percent of vote by party - NA; seats by party - Republican Party 1, Union Party 1 |
| Life expectancy at birth | total population: 65.66 years
male: 62.37 years female: 69.02 years (2007 est.) |
total population: 78.74 years
male: 75.28 years female: 82.21 years (2002 est.) |
| Literacy | definition: age 15 and over can read and write
total population: 95.6% male: 94.7% female: 96.5% (2003 est.) |
definition: NA
total population: NA% male: NA% female: NA% note: similar to Denmark proper |
| Location | Caribbean, chain of islands in the North Atlantic Ocean, southeast of Florida, northeast of Cuba | Northern Europe, island group between the Norwegian Sea and the North Atlantic Ocean, about one-half of the way from Iceland to Norway |
| Map references | Central America and the Caribbean | Europe |
| Maritime claims | territorial sea: 12 nm
exclusive economic zone: 200 nm |
continental shelf: 200 NM or agreed boundaries or median line
exclusive fishing zone: 200 NM or agreed boundaries or median line territorial sea: 3 NM |
| Merchant marine | total: 1,213 ships (1000 GRT or over) 40,403,455 GRT/54,276,183 DWT
by type: barge carrier 1, bulk carrier 225, cargo 240, chemical tanker 84, combination ore/oil 13, container 72, liquefied gas 49, livestock carrier 2, passenger 117, passenger/cargo 34, petroleum tanker 196, refrigerated cargo 118, roll on/roll off 18, specialized tanker 4, specialized tanker 1, vehicle carrier 39 foreign-owned: 1,134 (Angola 6, Australia 3, Belgium 15, Bermuda 12, Brazil 1, Canada 13, China 9, Croatia 1, Cuba 1, Cyprus 20, Denmark 66, Finland 8, France 43, Germany 40, Greece 214, Hong Kong 3, Iceland 1, Indonesia 3, Ireland 2, Italy 1, Japan 62, Jordan 2, Kenya 1, Malaysia 11, Monaco 11, Montenegro 2, Netherlands 24, Nigeria 2, Norway 232, Philippines 1, Poland 15, Russia 5, Saudi Arabia 15, Singapore 9, Slovenia 1, South Africa 1, Spain 11, Sweden 5, Switzerland 2, Taiwan 1, Thailand 1, Trinidad and Tobago 1, Turkey 5, UAE 20, UK 68, US 162, Uruguay 1, Venezuela 1) registered in other countries: 3 (Barbados 1, Panama 2) (2007) |
total: 7 ships (1,000 GRT or over) totaling 100,951 GRT/139,396 DWT
ships by type: cargo 2, petroleum tanker 2, refrigerated cargo 1, roll on/roll off 1, short-sea passenger 1 note: includes some foreign-owned ships registered here as a flag of convenience: Denmark 3, Norway 1, United Kingdom 1 (2002 est.) |
| Military - note | - | defense is the responsibility of Denmark |
| Military branches | Royal Bahamian Defense Force: Land Force, Navy, Air Wing (2007) | no regular indigenous military forces; small Police Force and Coast Guard are maintained |
| Military expenditures - dollar figure | - | $NA |
| Military expenditures - percent of GDP | 0.5% (2006) | NA% |
| National holiday | Independence Day, 10 July (1973) | Olaifest, 29 July |
| Nationality | noun: Bahamian(s)
adjective: Bahamian |
noun: Faroese (singular and plural)
adjective: Faroese |
| Natural hazards | hurricanes and other tropical storms cause extensive flood and wind damage | NA |
| Natural resources | salt, aragonite, timber, arable land | fish, whales, hydropower |
| Net migration rate | -2.15 migrant(s)/1,000 population (2007 est.) | 2.39 migrant(s)/1,000 population (2002 est.) |
| Political parties and leaders | Free National Movement or FNM [Hubert INGRAHAM]; Progressive Liberal Party or PLP [Perry CHRISTIE] | Center Party [Tordur NICALSEN]; Home Rule Party [Helena Dam a NEYSTABO]; Independence Party [leader NA]; People's Party [Oli BRECKMANN]; Republican Party [Finnabogi ISAKSON]; Social Democratic Party [Joannes EIDESGAARD]; Union Party [Edmund JOENSEN] |
| Political pressure groups and leaders | NA | NA |
| Population | 305,655
note: estimates for this country explicitly take into account the effects of excess mortality due to AIDS; this can result in lower life expectancy, higher infant mortality and death rates, lower population and growth rates, and changes in the distribution of population by age and sex than would otherwise be expected (July 2007 est.) |
46,011 (July 2002 est.) |
| Population below poverty line | 9.3% (2004) | NA% |
| Population growth rate | 0.602% (2007 est.) | 0.74% (2002 est.) |
| Ports and harbors | - | Torshavn, Klaksvik, Tvoroyri, Runavik, Fuglafjordhur |
| Radio broadcast stations | AM 3, FM 5, shortwave 0 (2006) | AM 1, FM 13, shortwave 0 (1998) |
| Radios | - | 26,000 (1997) |
| Railways | - | 0 km |
| Religions | Baptist 35.4%, Anglican 15.1%, Roman Catholic 13.5%, Pentecostal 8.1%, Church of God 4.8%, Methodist 4.2%, other Christian 15.2%, none or unspecified 2.9%, other 0.8% (2000 census) | Evangelical Lutheran |
| Sex ratio | at birth: 1.02 male(s)/female
under 15 years: 1.002 male(s)/female 15-64 years: 0.968 male(s)/female 65 years and over: 0.691 male(s)/female total population: 0.956 male(s)/female (2007 est.) |
at birth: 1 male(s)/female
under 15 years: 1.01 male(s)/female 15-64 years: 1.13 male(s)/female 65 years and over: 0.81 male(s)/female total population: 1.06 male(s)/female (2002 est.) |
| Suffrage | 18 years of age; universal | 18 years of age; universal |
| Telephone system | general assessment: modern facilities
domestic: totally automatic system; highly developed; the Bahamas Domestic Submarine Network links 14 of the islands and is designed to satisfy increasing demand for voice and broadband internet services international: country code - 1-242; landing point for the Americas Region Caribbean Ring System (ARCOS-1) fiber-optic submarine cable that provides links to South and Central America, parts of the Caribbean, and the US; satellite earth station - 2 (2007) |
general assessment: good international communications; good domestic facilities
domestic: digitalization was completed in 1998; both NMT (analog) and GSM (digital) mobile telephone systems are installed international: satellite earth stations - 1 Orion; 1 fiber-optic submarine cable to the Shetland Islands, linking the Faroe Islands with Denmark and Iceland; fiber-optic submarine cable connection to Canada-Europe cable |
| Telephones - main lines in use | 133,100 (2005) | 24,851 (1999) |
| Telephones - mobile cellular | 227,800 (2005) | 10,761 (1999) |
| Television broadcast stations | 2 (2006) | 3 (plus 43 low-power repeaters) (September 1995) |
| Terrain | long, flat coral formations with some low rounded hills | rugged, rocky, some low peaks; cliffs along most of coast |
| Total fertility rate | 2.15 children born/woman (2007 est.) | 2.27 children born/woman (2002 est.) |
| Unemployment rate | 7.6% (2006 est.) | 1% (October 2000 ) |
| Waterways | - | none |
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