Compare Bahamas, The (2008) - Iceland (2004)

Compare Bahamas, The (2008) z Iceland (2004)

	Bahamas, The (2008)	Iceland (2004)

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	8 regions; Austurland, Hofudhborgarsvaedhi, Nordhurland Eystra, Nordhurland Vestra, Sudhurland, Sudhurnes, Vestfirdhir, Vesturland
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: 22.5% (male 33,522; female 32,489) 15-64 years: 65.8% (male 98,091; female 95,450) 65 years and over: 11.7% (male 15,552; female 18,862) (2004 est.)
Agriculture - products	citrus, vegetables; poultry	potatoes, green vegetables, mutton, dairy products, fish
Airports	62 (2007)	100 (2003 est.)
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: 5 over 3,047 m: 1 1,524 to 2,437 m: 3 914 to 1,523 m: 1 (2004 est.)
Airports - with unpaved runways	total: 38 1,524 to 2,437 m: 5 914 to 1,523 m: 11 under 914 m: 22 (2007)	total: 93 1,524 to 2,437 m: 3 914 to 1,523 m: 29 under 914 m: 61 (2004 est.)
Area	total: 13,940 sq km land: 10,070 sq km water: 3,870 sq km	total: 103,000 sq km land: 100,250 sq km water: 2,750 sq km
Area - comparative	slightly smaller than Connecticut	slightly smaller than Kentucky
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.	Settled by Norwegian and Celtic (Scottish and Irish) immigrants during the late 9th and 10th centuries A.D., Iceland boasts the world's oldest functioning legislative assembly, the Althing, established in 930. Independent for over 300 years, Iceland was subsequently ruled by Norway and Denmark. Fallout from the Askja volcano of 1875 devastated the Icelandic economy and caused widespread famine. Over the next quarter century, 20% of the island's population emigrated, mostly to Canada and the US. Limited home rule from Denmark was granted in 1874 and complete independence attained in 1944. Literacy, longevity, income, and social cohesion are first-rate by world standards.
Birth rate	17.3 births/1,000 population (2007 est.)	13.83 births/1,000 population (2004 est.)
Budget	revenues: $1.03 billion expenditures: $1.03 billion (FY04/05)	revenues: $4.205 billion expenditures: $4.405 billion, including capital expenditures of $467 million (2003)
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	Reykjavik
Climate	tropical marine; moderated by warm waters of Gulf Stream	temperate; moderated by North Atlantic Current; mild, windy winters; damp, cool summers
Coastline	3,542 km	4,988 km
Constitution	10 July 1973	16 June 1944, effective 17 June 1944
Country name	conventional long form: Commonwealth of The Bahamas conventional short form: The Bahamas	conventional long form: Republic of Iceland conventional short form: Iceland local long form: Lydhveldidh Island local short form: Island
Currency	-	Icelandic krona (ISK)
Death rate	9.13 deaths/1,000 population (2007 est.)	6.57 deaths/1,000 population (2004 est.)
Debt - external	$342.6 million (2004 est.)	$2.6 billion (1999)
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	chief of mission: Ambassador James I. GADSDEN embassy: Laufasvegur 21, 101 Reykjavik mailing address: US Embassy, PSC 1003, Box 40, FPO AE 09728-0340 telephone: [354] 562-9100 FAX: [354] 562-9118
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	chief of mission: Ambassador Helgi AGUSTSSON chancery: Suite 1200, 1156 15th Street NW, Washington, DC 20005-1704 telephone: [1] (202) 265-6653 FAX: [1] (202) 265-6656 consulate(s) general: New York
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	Rockall continental shelf dispute involving Denmark, Iceland, and the UK (Ireland and the UK have signed a boundary agreement in the Rockall area) remains dormant; dispute with Denmark over the Faroe Islands' fisheries median line boundary within 200 nm; disputes with Denmark, the UK, and Ireland over the Faroe Islands continental shelf boundary outside 200 nm
Economic aid - donor	-	NA
Economic aid - recipient	$4.78 million (2004)	-
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.	Iceland's Scandinavian-type economy is basically capitalistic, yet with an extensive welfare system (including generous housing subsidies), low unemployment, and remarkably even distribution of income. In the absence of other natural resources (except for abundant geothermal power), the economy depends heavily on the fishing industry, which provides 70% of export earnings and employs 12% of the work force. The economy remains sensitive to declining fish stocks as well as to fluctuations in world prices for its main exports: fish and fish products, aluminum, and ferrosilicon. Government policies include reducing the budget and current account deficits, limiting foreign borrowing, containing inflation, revising agricultural and fishing policies, diversifying the economy, and privatizing state-owned industries. The government remains opposed to EU membership, primarily because of Icelanders' concern about losing control over their fishing resources. Iceland's economy has been diversifying into manufacturing and service industries in the last decade, and new developments in software production, biotechnology, and financial services are taking place. The tourism sector is also expanding, with the recent trends in ecotourism and whale watching. Growth had been remarkably steady in 1996-2001 at 3%-5%, but could not be sustained in 2002 in an environment of global recession. Growth resumed in 2003, and inflation dropped back from 5% to 2%.
Electricity - consumption	1.762 billion kWh (2005)	7.341 billion kWh (2001)
Electricity - exports	0 kWh (2005)	0 kWh (2001)
Electricity - imports	0 kWh (2005)	0 kWh (2001)
Electricity - production	1.894 billion kWh (2005)	7.894 billion kWh (2001)
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: Hvannadalshnukur 2,119 m (at Vatnajokull glacier)
Environment - current issues	coral reef decay; solid waste disposal	water pollution from fertilizer runoff; inadequate wastewater treatment
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: Air Pollution, Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Desertification, Endangered Species, Hazardous Wastes, Kyoto Protocol, Law of the Sea, Marine Dumping, Ozone Layer Protection, Ship Pollution, Transboundary Air Pollution, Wetlands signed, but not ratified: Air Pollution-Persistent Organic Pollutants, Environmental Modification, Marine Life Conservation
Ethnic groups	black 85%, white 12%, Asian and Hispanic 3%	homogeneous mixture of descendants of Norse and Celts 94%, population of foreign origin 6%
Exchange rates	Bahamian dollars per US dollar - 1 (2007), 1 (2006), 1 (2005), 1 (2004), 1 (2003)	Icelandic kronur per US dollar - 76.709 (2003), 91.6617 (2002), 97.4246 (2001), 78.6159 (2000), 72.3353 (1999)
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: President Olafur Ragnar GRIMSSON (since 1 August 1996) head of government: Prime Minister Halldor ASGRIMSSON (since 15 September 2004); note - Former Prime Minister David ODDSSON switched positions with former Foreign Minister Halldor ASGRIMMSON cabinet: Cabinet appointed by the prime minister and approved by Parliament elections: president, which is largely a ceremonial post, elected by popular vote for a four-year term; election last held 26 June 2004 (next to be held June 2008); prime minister appointed by the president election results: Olafur Ragnar GRIMSSON wins with 85.6% of the vote, Baldur AGUSTSSON 12.5%, Astthor MAGNUSSON 1.9%
Exports	transshipments of 41,290 bbl/day (2004)	0 bbl/day (2001)
Exports - commodities	mineral products and salt, animal products, rum, chemicals, fruit and vegetables	fish and fish products 70%, animal products, aluminum, diatomite, ferrosilicon
Exports - partners	Spain 22.3%, US 19.8%, Poland 13.5%, Germany 13%, UK 5.7%, Guatemala 4.9% (2006)	Germany 17.4%, UK 17.4%, Netherlands 11.2%, US 9.8%, Spain 6.3%, Denmark 5%, Norway 4.5%, France 4% (2003)
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	blue with a red cross outlined in white extending to the edges of the flag; the vertical part of the cross is shifted to the hoist side in the style of the Dannebrog (Danish flag)
GDP	-	purchasing power parity - $8.678 billion (2003 est.)
GDP - composition by sector	agriculture: 3% industry: 7% services: 90% (2001 est.)	agriculture: 9.2% (includes fishing 12%) industry: 26.7% services: 64.2% (2003 est.)
GDP - per capita	-	purchasing power parity - $30,900 (2003 est.)
GDP - real growth rate	2.8% (2007 est.)	2.6% (2003 est.)
Geographic coordinates	24 15 N, 76 00 W	65 00 N, 18 00 W
Geography - note	strategic location adjacent to US and Cuba; extensive island chain of which 30 are inhabited	strategic location between Greenland and Europe; westernmost European country; Reykjavik is the northernmost national capital in the world; more land covered by glaciers than in all of continental Europe
Heliports	1 (2007)	-
Highways	-	total: 12,955 km paved/oiled gravel: 3,863 km unpaved: 9,092 km (2003)
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)	15,470 bbl/day (2001)
Imports - commodities	machinery and transport equipment, manufactures, chemicals, mineral fuels; food and live animals	machinery and equipment, petroleum products; foodstuffs, textiles
Imports - partners	US 24.7%, Brazil 15.7%, Japan 13.1%, South Korea 7.8%, Spain 6.2% (2006)	Germany 11.8%, Denmark 8%, US 7.5%, UK 7.5%, Norway 7%, Sweden 6.5%, Netherlands 6.2%, Italy 4.7% (2003)
Independence	10 July 1973 (from UK)	1 December 1918 (became a sovereign state under the Danish Crown); 17 June 1944 (from Denmark)
Industrial production growth rate	NA%	8.1% (2003 est.)
Industries	tourism, banking, cement, oil transshipment, salt, rum, aragonite, pharmaceuticals, spiral-welded steel pipe	fish processing; aluminum smelting, ferrosilicon production, geothermal power; tourism
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: 3.31 deaths/1,000 live births male: 3.44 deaths/1,000 live births female: 3.17 deaths/1,000 live births (2004 est.)
Inflation rate (consumer prices)	2.4% (2007 est.)	2.1% (2003 est.)
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)	Australia Group, BIS, CBSS, CE, EAPC, EBRD, EFTA, FAO, IAEA, IBRD, ICAO, ICC, ICCt, ICFTU, ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, Interpol, IOC, ISO, ITU, MIGA, NATO, NC, NEA, NIB, OECD, OPCW, OSCE, PCA, UN, UNCTAD, UNESCO, UPU, WCO, WEU (associate), WHO, WIPO, WMO, WTO
Irrigated land	10 sq km (2003)	NA sq km
Judicial branch	Privy Council (London); Courts of Appeal; Supreme (lower) Court; magistrates courts	Supreme Court or Haestirettur (justices are appointed for life by the Minister of Justice); eight district courts (justices are appointed for life by the Minister of Justice)
Labor force	181,900 (2006)	160,000 (2003)
Labor force - by occupation	agriculture 5%, industry 5%, tourism 50%, other services 40% (2005 est.)	agriculture 5.1%, fishing and fish processing 11.8%, manufacturing 12.9%, construction 10.7%, services 59.5% (1999)
Land boundaries	0 km	0 km
Land use	arable land: 0.58% permanent crops: 0.29% other: 99.13% (2005)	arable land: 0.07% permanent crops: 0% other: 99.93% (2001)
Languages	English (official), Creole (among Haitian immigrants)	Icelandic, English, Nordic languages, German widely spoken
Legal system	based on English common law	civil law system based on Danish law; has not accepted compulsory ICJ jurisdiction
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 Parliament or Althing (63 seats; members are elected by popular vote to serve four-year terms) elections: last held 10 May 2003 (next to be held by May 2007) election results: percent of vote by party - Independence Party 33.7%, Social Democratic Alliance 31.0%, Progressive Party 17.7%, Left-Green Alliance 8.8%, Liberal Party 7.4%; seats by party - Independence Party 22, Social Democratic Alliance 20, Progressive Party 12, Left-Green Alliance 5, Liberal Party 4
Life expectancy at birth	total population: 65.66 years male: 62.37 years female: 69.02 years (2007 est.)	total population: 80.18 years male: 78.18 years female: 82.27 years (2004 est.)
Literacy	definition: age 15 and over can read and write total population: 95.6% male: 94.7% female: 96.5% (2003 est.)	definition: age 15 and over can read and write total population: 99.9% (1997 est.) male: NA female: NA
Location	Caribbean, chain of islands in the North Atlantic Ocean, southeast of Florida, northeast of Cuba	Northern Europe, island between the Greenland Sea and the North Atlantic Ocean, northwest of the UK
Map references	Central America and the Caribbean	Arctic Region
Maritime claims	territorial sea: 12 nm exclusive economic zone: 200 nm	territorial sea: 12 nm exclusive economic zone: 200 nm continental shelf: 200 nm or to the edge of the continental margin
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: 1 ships (1,000 GRT or over) 4,341 GRT/6,019 DWT by type: petroleum tanker 1 registered in other countries: 26 (2004 est.)
Military - note	-	defense is provided by the US-manned Icelandic Defense Force (IDF) headquartered at Keflavik
Military branches	Royal Bahamian Defense Force: Land Force, Navy, Air Wing (2007)	no regular armed forces; Police, Coast Guard
Military expenditures - dollar figure	-	0
Military expenditures - percent of GDP	0.5% (2006)	-
Military manpower - availability	-	males age 15-49: 75,568 (2004 est.)
Military manpower - fit for military service	-	males age 15-49: 66,503 (2004 est.)
National holiday	Independence Day, 10 July (1973)	Independence Day, 17 June (1944)
Nationality	noun: Bahamian(s) adjective: Bahamian	noun: Icelander(s) adjective: Icelandic
Natural hazards	hurricanes and other tropical storms cause extensive flood and wind damage	earthquakes and volcanic activity
Natural resources	salt, aragonite, timber, arable land	fish, hydropower, geothermal power, diatomite
Net migration rate	-2.15 migrant(s)/1,000 population (2007 est.)	2.38 migrant(s)/1,000 population (2004 est.)
Political parties and leaders	Free National Movement or FNM [Hubert INGRAHAM]; Progressive Liberal Party or PLP [Perry CHRISTIE]	Independence Party or IP [David ODDSSON]; Left-Green Alliance or LGP [Steingrimur SIGFUSSON]; Liberal Party or LP [Gudjon KRISTJANSSON]; Progressive Party or PP [Halldor ASGRIMSSON]; Social Democratic Alliance (includes People's Alliance or PA, Social Democratic Party or SDP, Women's List) or SDA [Ossur SKARPHEDINSSON]
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.)	293,966 (July 2004 est.)
Population below poverty line	9.3% (2004)	NA
Population growth rate	0.602% (2007 est.)	0.97% (2004 est.)
Ports and harbors	-	Akureyri, Hornafjordhur, Isafjordhur, Keflavik, Raufarhofn, Reykjavik, Seydhisfjordhur, Straumsvik, Vesttmannaeyjar
Radio broadcast stations	AM 3, FM 5, shortwave 0 (2006)	AM 3, FM about 70 (including repeaters), shortwave 1 (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 87.1%, other Protestant 4.1%, Roman Catholic 1.7%, other 7.1% (2002)
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: 1.04 male(s)/female under 15 years: 1.03 male(s)/female 15-64 years: 1.03 male(s)/female 65 years and over: 0.83 male(s)/female total population: 1 male(s)/female (2004 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: extensive domestic service domestic: the trunk network consists of coaxial and fiber-optic cables and microwave radio relay links international: country code - 354; satellite earth stations - 2 Intelsat (Atlantic Ocean), 1 Inmarsat (Atlantic and Indian Ocean regions); note - Iceland shares the Inmarsat earth station with the other Nordic countries (Denmark, Finland, Norway, and Sweden)
Telephones - main lines in use	133,100 (2005)	190,700 (2003)
Telephones - mobile cellular	227,800 (2005)	279,100 (2003)
Television broadcast stations	2 (2006)	14 (plus 156 low-power repeaters) (1997)
Terrain	long, flat coral formations with some low rounded hills	mostly plateau interspersed with mountain peaks, icefields; coast deeply indented by bays and fiords
Total fertility rate	2.15 children born/woman (2007 est.)	1.93 children born/woman (2004 est.)
Unemployment rate	7.6% (2006 est.)	3.4% (2003 est.)

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