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Compare Bahamas, The (2008) - Faroe Islands (2008)
Compare Bahamas, The (2008) z Faroe Islands (2008)
| Bahamas, The (2008) | Faroe Islands (2008) | |
 |  | |
| 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 34 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: 20.6% (male 4,882/female 4,904)
15-64 years: 65.3% (male 16,353/female 14,668) 65 years and over: 14.1% (male 3,041/female 3,663) (2007 est.) |
| Agriculture - products | citrus, vegetables; poultry | milk, potatoes, vegetables; sheep; salmon, other fish |
| Airports | 62 (2007) | 1 (2007) |
| 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 (2007) |
| 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.) | 14.12 births/1,000 population (2007 est.) |
| Budget | revenues: $1.03 billion
expenditures: $1.03 billion (FY04/05) |
revenues: $588 million
expenditures: $623 million (2005) |
| 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 |
name: Torshavn
geographic coordinates: 62 01 N, 6 46 W time difference: UTC 0 (5 hours ahead of Washington, DC during Standard Time) daylight saving time: +1hr, begins last Sunday in March; ends last Sunday in October |
| 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 |
| Death rate | 9.13 deaths/1,000 population (2007 est.) | 8.69 deaths/1,000 population (2007 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 | because anticipated offshore hydrocarbon resources have not been realized, earlier Faroese proposals for full independence have been deferred; Iceland, the UK, and Ireland dispute Denmark's claim that the Faroe Islands' continental shelf extends beyond 200 nm |
| Economic aid - recipient | $4.78 million (2004) | $105 million; note - annual subsidy from Denmark (2005) |
| 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 is dependent on fishing, which makes the economy vulnerable to price swings. Since 2003 the Faroese economy has picked up as a result of higher prices for fish and for housing. Unemployment is minimal and government finances are relatively sound. Oil finds close to the Islands give hope for economically recoverable deposits, which could eventually lay the basis for a more diversified economy and lessen dependence on Danish economic assistance. Aided by a substantial annual subsidy (about 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) | 269.7 million kWh (2005) |
| Electricity - exports | 0 kWh (2005) | 0 kWh (2005) |
| Electricity - imports | 0 kWh (2005) | 0 kWh (2005) |
| Electricity - production | 1.894 billion kWh (2005) | 290 million kWh (2005) |
| 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 |
party to: Marine Dumping -associate member to the London Convention and Ship Pollution |
| 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 - 5.4797 (2007), 5.9468 (2006), 5.9969 (2005), 5.9911 (2004), 6.5877 (2003) |
| 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 Joannes EIDESGAARD (since 3 February 2004) 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 20 January 2004 (next to be held no later than January 2008) election results: Joannes EIDESGAARD elected prime minister; percent of parliamentary vote - NA |
| Exports | transshipments of 41,290 bbl/day (2004) | 0 bbl/day (2004) |
| 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 31%, UK 27.4%, Norway 10.3%, Nigeria 9.5%, Netherlands 5.6% (2006) |
| 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 - composition by sector | agriculture: 3%
industry: 7% services: 90% (2001 est.) |
agriculture: 27%
industry: 11% services: 62% (1999) |
| GDP - real growth rate | 2.8% (2007 est.) | 2.4% (2005 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) | - |
| 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) | 4,580 bbl/day (2004) |
| Imports - commodities | machinery and transport equipment, manufactures, chemicals, mineral fuels; food and live animals | consumer goods 36%, raw materials and semi-manufactures 32%, machinery and transport equipment 29%, fuels, fish, salt (1999) |
| Imports - partners | US 24.7%, Brazil 15.7%, Japan 13.1%, South Korea 7.8%, Spain 6.2% (2006) | Denmark 52.6%, Norway 20.7%, Iceland 6.1%, Sweden 4.3% (2006) |
| 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, small ship repair and refurbishment, 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.) |
total: 6.01 deaths/1,000 live births
male: 7.25 deaths/1,000 live births female: 4.76 deaths/1,000 live births (2007 est.) |
| Inflation rate (consumer prices) | 2.4% (2007 est.) | 1.8% (2005) |
| 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) | Arctic Council, IMO (associate), NC, NIB, UPU |
| Irrigated land | 10 sq km (2003) | 0 sq km |
| 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.) | agriculture: 33%
industry: 33% services: 34% (October 2000) |
| 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% (2005) |
| Languages | English (official), Creole (among Haitian immigrants) | Faroese (derived from Old Norse), Danish |
| Legal system | based on English common law | the laws of Denmark, where applicable, apply |
| 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 (33 seats; members are elected by popular vote on a proportional basis from the seven constituencies to serve four-year terms)
elections: last held 19 January 2008 (next to be held no later than January 2012) election results: percent of vote by party - Union Party 21%, Social Democratic Party 19.4%, Republican Party 23.3%, People's Party 20.1%, Center Party 8.4%, Self-Government Party 7.2%, other 0.6%; seats by party - Republican Party 8, Union Party 7, Social Democratic Party 6, People's Party 7, Center Party 3, Independence Party 2 note: election of two seats to the Danish Parliament was last held on 13 November 2007 (next to be held no later than November 2011); 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: 79.49 years
male: 76.06 years female: 82.93 years (2007 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: probably 100%, the same as 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 |
territorial sea: 3 nm
continental shelf: 200 nm or agreed boundaries or median line exclusive fishing zone: 200 nm or agreed boundaries or median line |
| 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: 16 ships (1000 GRT or over) 92,454 GRT/63,291 DWT
by type: cargo 10, container 2, passenger/cargo 3, petroleum tanker 1 foreign-owned: 8 (Iceland 4, Norway 4) (2007) |
| Military - note | - | defense is the responsibility of Denmark |
| Military branches | Royal Bahamian Defense Force: Land Force, Navy, Air Wing (2007) | no regular military forces |
| Military expenditures - percent of GDP | 0.5% (2006) | NA |
| National holiday | Independence Day, 10 July (1973) | Olaifest (Olavasoka), 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, possible oil and gas |
| Net migration rate | -2.15 migrant(s)/1,000 population (2007 est.) | 0 migrant(s)/1,000 population (2007 est.) |
| Political parties and leaders | Free National Movement or FNM [Hubert INGRAHAM]; Progressive Liberal Party or PLP [Perry CHRISTIE] | Center Party [Jenis A. RANA]; Independence Party [Kari P. HOJGAARD]; People's Party [Jorgen NICLASEN]; Republican Party [Hogni HOYDAL]; Social Democratic Party [Joannes EIDESGAARD]; Union Party [Kaj Leo JOHANNESEN] |
| 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.) |
47,511 (July 2007 est.) |
| Population below poverty line | 9.3% (2004) | NA% |
| Population growth rate | 0.602% (2007 est.) | 0.543% (2007 est.) |
| Radio broadcast stations | AM 3, FM 5, shortwave 0 (2006) | AM 1, FM 13, shortwave 0 (1998) |
| 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: 0.996 male(s)/female 15-64 years: 1.115 male(s)/female 65 years and over: 0.83 male(s)/female total population: 1.045 male(s)/female (2007 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: country code - 298; 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) | 23,000 (2006) |
| Telephones - mobile cellular | 227,800 (2005) | 50,000 (2006) |
| Television broadcast stations | 2 (2006) | 3 (plus 43 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.) | 2.15 children born/woman (2007 est.) |
| Unemployment rate | 7.6% (2006 est.) | 2.1% (2006) |
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