Bermuda (2003) | Iceland (2001) | |
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Administrative divisions | 9 parishes and 2 municipalities*; Devonshire, Hamilton, Hamilton*, Paget, Pembroke, Saint George*, Saint George's, Sandys, Smith's, Southampton, Warwick | 23 counties (syslar, singular - sysla) and 14 independent towns* (kaupstadhir, singular - kaupstadhur); Akranes*, Akureyri*, Arnessysla, Austur-Bardhastrandarsysla, Austur-Hunavatnssysla, Austur-Skaftafellssysla, Borgarfjardharsysla, Dalasysla, Eyjafjardharsysla, Gullbringusysla, Hafnarfjordhur*, Husavik*, Isafjordhur*, Keflavik*, Kjosarsysla, Kopavogur*, Myrasysla, Neskaupstadhur*, Nordhur-Isafjardharsysla, Nordhur-Mulasys-la, Nordhur-Thingeyjarsysla, Olafsfjordhur*, Rangarvallasysla, Reykjavik*, Saudharkrokur*, Seydhisfjordhur*, Siglufjordhur*, Skagafjardharsysla, Snaefellsnes-og Hnappadalssysla, Strandasysla, Sudhur-Mulasysla, Sudhur-Thingeyjarsysla, Vesttmannaeyjar*, Vestur-Bardhastrandarsysla, Vestur-Hunavatnssysla, Vestur-Isafjardharsysla, Vestur-Skaftafellssysla
note: there may be four other counties |
Age structure | 0-14 years: 19.2% (male 6,195; female 6,205)
15-64 years: 69.3% (male 22,110; female 22,574) 65 years and over: 11.5% (male 3,215; female 4,183) (2003 est.) |
0-14 years:
23.18% (male 33,238; female 31,191) 15-64 years: 65.01% (male 91,095; female 89,583) 65 years and over: 11.81% (male 14,681; female 18,118) (2001 est.) |
Agriculture - products | bananas, vegetables, citrus, flowers; dairy products | potatoes, turnips; cattle, sheep; fish |
Airports | 1 (2002) | 87 (2000 est.) |
Airports - with paved runways | total: 1
2,438 to 3,047 m: 1 (2002) |
total:
12 over 3,047 m: 1 1,524 to 2,437 m: 4 914 to 1,523 m: 7 (2000 est.) |
Airports - with unpaved runways | - | total:
75 1,524 to 2,437 m: 3 914 to 1,523 m: 20 under 914 m: 52 (2000 est.) |
Area | total: 53.3 sq km
land: 53.3 sq km water: 0 sq km |
total:
103,000 sq km land: 100,250 sq km water: 2,750 sq km |
Area - comparative | about one-third the size of Washington, DC | slightly smaller than Kentucky |
Background | Bermuda was first settled in 1609 by shipwrecked English colonists headed for Virginia. Tourism to the island to escape North American winters first developed in Victorian times. Tourism continues to be important to the island's economy, although international business has overtaken it in recent years. Bermuda has developed into a highly successful offshore financial center. A referendum on independence was soundly defeated in 1995. | 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 | 12.13 births/1,000 population (2003 est.) | 14.62 births/1,000 population (2001 est.) |
Budget | revenues: $609.5 million
expenditures: $574.6 million, including capital expenditures of $54.8 million (FY 00/01) |
revenues:
$3.5 billion expenditures: $3.3 billion, including capital expenditures of $467 million (1999) |
Capital | Hamilton | Reykjavik |
Climate | subtropical; mild, humid; gales, strong winds common in winter | temperate; moderated by North Atlantic Current; mild, windy winters; damp, cool summers |
Coastline | 103 km | 4,988 km |
Constitution | 8 June 1968, amended 1989 | 16 June 1944, effective 17 June 1944 |
Country name | conventional long form: none
conventional short form: Bermuda former: Somers Islands |
conventional long form:
Republic of Iceland conventional short form: Iceland local long form: Lyoveldio Island local short form: Island |
Currency | Bermudian dollar (BMD) | Icelandic krona (ISK) |
Death rate | 7.46 deaths/1,000 population (2003 est.) | 6.89 deaths/1,000 population (2001 est.) |
Debt - external | $145 million (FY 99/00) | $2.6 billion (1999) |
Dependency status | overseas territory of the UK | - |
Diplomatic representation from the US | chief of mission: Consul General Denis Patrick COLEMAN, Jr.
consulate(s) general: Crown Hill, 16 Middle Road, Devonshire DVO3 mailing address: P. O. Box HM325, Hamilton HMBX; American Consulate General Hamilton, Department of State, 5300 Hamilton Place, Washington, DC 20520-5300 telephone: [1] (441) 295-1342 FAX: [1] (441) 295-1592, [1] (441) 296-9233 |
chief of mission:
Ambassador Barbara J. GRIFFITHS embassy: Laufasvegur 21, Reykjavik mailing address: US Embassy, PSC 1003, Box 40, FPO AE 09728-0340 telephone: [354] 5629100 FAX: [354] 5629118 |
Diplomatic representation in the US | none (overseas territory of the UK) | chief of mission:
Ambassador Jon-Baldvin HANNIBALSSON chancery: Suite 1200, 1156 15th Street NW, Washington, DC 20005 telephone: [1] (202) 265-6653 FAX: [1] (202) 265-6656 consulate(s) general: New York |
Disputes - international | none | Rockall continental shelf dispute involving Denmark and the UK (Ireland and the UK have signed a boundary agreement in the Rockall area); 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 | $NA | - |
Economy - overview | Bermuda enjoys one of the highest per capita incomes in the world, with its economy primarily based on providing financial services for international business and luxury facilities for tourists. The effects of 11 September 2001 have had both positive and negative ramifications for Bermuda. On the positive side, a number of new reinsurance companies have located on the island, contributing to the expansion of an already robust international business sector. On the negative side, Bermuda's tourism industry - which derives over 80% of its visitors from the US - has been severely hit as American tourists have chosen not to travel. Tourism rebounded somewhat in 2002, but remains below the pre-11 September level. Most capital equipment and food must be imported. Bermuda's industrial sector is small, although construction continues to be important. Agriculture is limited, only 6% of the land being arable. | Iceland's Scandinavian-type economy is basically capitalistic, yet with an extensive welfare system, low unemployment, and remarkably even distribution of income. In the absence of other natural resources (except for abundant hydrothermal and 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 drops in world prices for its main exports: fish and fish products, aluminum, and ferrosilicon. The center-right government plans to continue its policies of 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 has been remarkably steady over the past five years at 4%-5%. |
Electricity - consumption | 598.6 million kWh (2001) | 6.574 billion kWh (1999) |
Electricity - exports | 0 kWh (2001) | 0 kWh (1999) |
Electricity - imports | 0 kWh (2001) | 0 kWh (1999) |
Electricity - production | 643.7 million kWh (2001) | 7.069 billion kWh (1999) |
Electricity - production by source | fossil fuel: 100%
hydro: 0% nuclear: 0% other: 0% (2001) |
fossil fuel:
0.07% hydro: 84.64% nuclear: 0% other: 15.29% (1999) |
Elevation extremes | lowest point: Atlantic Ocean 0 m
highest point: Town Hill 76 m |
lowest point:
Atlantic Ocean 0 m highest point: Hvannadalshnukur 2,119 m |
Environment - current issues | asbestos disposal; water pollution; preservation of open space; sustainable development | water pollution from fertilizer runoff; inadequate wastewater treatment |
Environment - international agreements | - | party to:
Air Pollution, Biodiversity, Climate Change, Desertification, Endangered Species, Environmental Modification, Hazardous Wastes, Law of the Sea, Marine Dumping, Nuclear Test Ban, Ozone Layer Protection, Ship Pollution, Wetlands signed, but not ratified: Air Pollution-Persistent Organic Pollutants, Marine Life Conservation |
Ethnic groups | black 58%, white 36%, other 6% | homogeneous mixture of descendants of Norse and Celts |
Exchange rates | Bermudian dollar per US dollar - 1.0000 (fixed rate pegged to the US dollar) | Icelandic kronur per US dollar - 84.810 (January 2001), 78.676 (2000), 72.335 (1999), 70.958 (1998), 70.904 (1997), 66.500 (1996) |
Executive branch | chief of state: Queen ELIZABETH II (since 6 February 1952), represented by Governor Sir John VEREKER (since NA April 2002)
head of government: Premier Alex SCOTT (since 24 July 2003) cabinet: Cabinet nominated by the premier, appointed by the governor elections: none; the monarch is hereditary; governor appointed by the monarch; following legislative elections, the leader of the majority party or the leader of the majority coalition is usually appointed premier by the governor |
chief of state:
President Olafur Ragnar GRIMSSON (since 1 August 1996) head of government: Prime Minister David ODDSSON (since 30 April 1991) cabinet: Cabinet appointed by the prime minister and approved by Parliament elections: president elected by popular vote for a four-year term; election last held 29 June 1996 (next to be held NA June 2004); President GRIMSSON ran unopposed in June 2000 so there were no elections; prime minister appointed by the president election results: Olafur Ragnar GRIMSSON elected president; President GRIMSSON ran unopposed |
Exports | NA (2001) | $2 billion (f.o.b., 2000) |
Exports - commodities | reexports of pharmaceuticals | fish and fish products 70%, animal products, aluminum, diatomite, ferrosilicon |
Exports - partners | France 77.4%, UK 2.8%, US 2.4% (2002) | EU 64% (UK 20%, Germany 13%, France 5%, Denmark 5%), US 15%, Japan 5% (1999) |
Fiscal year | 1 April - 31 March | calendar year |
Flag description | red, with the flag of the UK in the upper hoist-side quadrant and the Bermudian coat of arms (white and green shield with a red lion holding a scrolled shield showing the sinking of the ship Sea Venture off Bermuda in 1609) centered on the outer half of the flag | blue with a red cross outlined in white that extends 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 - $2.25 billion (2002 est.) | purchasing power parity - $6.85 billion (2000 est.) |
GDP - composition by sector | agriculture: 1%
industry: 10% services: 89% (2002 est.) |
agriculture:
15% (includes fishing 13%) industry: 21% services: 64% (1999 est.) |
GDP - per capita | purchasing power parity - $35,200 (2002 est.) | purchasing power parity - $24,800 (2000 est.) |
GDP - real growth rate | 0.5% (2002 est.) | 4.3% (2000 est.) |
Geographic coordinates | 32 20 N, 64 45 W | 65 00 N, 18 00 W |
Geography - note | consists of about 138 coral islands and islets with ample rainfall, but no rivers or freshwater lakes; some land was leased by US Government from 1941 to 1995 | 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 |
Highways | total: 450 km
paved: 450 km unpaved: 0 km note: public roads - 209 km; private roads - 241 km (2002) |
total:
12,691 km paved: 3,262 km unpaved: 9,429 km (1999) |
Household income or consumption by percentage share | lowest 10%: NA%
highest 10%: NA% |
lowest 10%:
NA% highest 10%: NA% |
Imports | NA (2001) | $2.2 billion (f.o.b., 2000) |
Imports - commodities | machinery and transport equipment, construction materials, chemicals, food and live animals | machinery and equipment, petroleum products; foodstuffs, textiles |
Imports - partners | Kazakhstan 30.9%, France 24.7%, Italy 10.5%, US 9.7%, South Korea 8.4%, Mexico 4.3% (2002) | EU 56% (Germany 12%, UK 9%, Denmark 8%, Sweden 6%), US 11%, Norway 10% (1999) |
Independence | none (overseas territory of the UK) | 17 June 1944 (from Denmark) |
Industrial production growth rate | NA% | 1.5% (2000 est.) |
Industries | tourism, international business, light manufacturing | fish processing; aluminum smelting, ferrosilicon production, geothermal power; tourism |
Infant mortality rate | total: 9.05 deaths/1,000 live births
male: 10.77 deaths/1,000 live births female: 7.3 deaths/1,000 live births (2003 est.) |
3.56 deaths/1,000 live births (2001 est.) |
Inflation rate (consumer prices) | 2.3% (July 2002) | 3.5% (2000 est.) |
International organization participation | Caricom (observer), ICFTU, Interpol (subbureau), IOC, WCO | Australia Group, BIS, CBSS, CCC, CE, EAPC, EBRD, ECE, EFTA, FAO, IAEA, IBRD, ICAO, ICC, ICFTU, ICRM, IDA, IEA (observer), IFC, IFRCS, IHO, ILO, IMF, IMO, Inmarsat, Intelsat, Interpol, IOC, ISO, ITU, NATO, NC, NEA, NIB, OECD, OPCW, OSCE, UN, UNCTAD, UNESCO, UNHCR, UNMIBH, UNMIK, UNU, UPU, WEU (associate), WHO, WIPO, WMO, WTrO |
Internet Service Providers (ISPs) | 20 (2000) | 7 (2000) |
Irrigated land | NA sq km | NA sq km |
Judicial branch | Supreme Court; Court of Appeal; Magistrate Courts | Supreme Court or Haestirettur (justices are appointed for life by the president) |
Labor force | 37,472 (2000) | 159,000 (2000) |
Labor force - by occupation | clerical 22%, services 20%, laborers 17%, professional and technical 17%, administrative and managerial 13%, sales 8%, agriculture and fishing 3% (2000 est.) | agriculture 5.1%, fishing and fish processing 11.8%, manufacturing 12.9%, construction 10.7%, other services 59.5% (1999) |
Land boundaries | 0 km | 0 km |
Land use | arable land: 6%
permanent crops: 0% other: 94% (55% developed, 45% rural/open space) (1998 est.) |
arable land:
0% permanent crops: 0% permanent pastures: 23% forests and woodland: 1% other: 76% (1993 est.) |
Languages | English (official), Portuguese | Icelandic |
Legal system | English law | civil law system based on Danish law; has not accepted compulsory ICJ jurisdiction |
Legislative branch | bicameral Parliament consists of the Senate (an 11-member body appointed by the governor, the premier, and the opposition) and the House of Assembly (36 seats; members are elected by popular vote to serve five-year terms)
elections: last general election held 24 July 2003 (next to be held NA July 2008) election results: percent of vote by party - PLP 51.7%, UBP 48%; seats by party - PLP 22, UBP 14 |
unicameral Parliament or Althing (63 seats; members are elected by popular vote to serve four-year terms)
elections: last held on 8 May 1999 (next to be held by April 2003) election results: percent of vote by party - Independence Party 40.7%, The Alliance (PA, People's Party, Women's List) 26.8%, Progressive Party 18.4%, Left-Green Alliance 9.1%, Liberal Party 4.2%; seats by party - Independence Party 26, The Alliance 17, Progressive Party 12, Left-Green Alliance 6, Liberal Party 2 |
Life expectancy at birth | total population: 77.41 years
male: 75.38 years female: 79.49 years (2003 est.) |
total population:
79.52 years male: 77.31 years female: 81.92 years (2001 est.) |
Literacy | definition: age 15 and over can read and write
total population: 98% male: 98% female: 99% (1970 est.) |
definition:
age 15 and over can read and write total population: 99.9% (1997 est.) male: NA% female: NA% |
Location | North America, group of islands in the North Atlantic Ocean, east of North Carolina (US) | Northern Europe, island between the Greenland Sea and the North Atlantic Ocean, northwest of the UK |
Map references | North America | Arctic Region |
Maritime claims | exclusive fishing zone: 200 NM
territorial sea: 12 NM |
continental shelf:
200 NM or to the edge of the continental margin exclusive economic zone: 200 NM territorial sea: 12 NM |
Merchant marine | total: 93 ships (1,000 GRT or over) 4,993,227 GRT/7,089,760 DWT
ships by type: bulk 25, cargo 4, chemical tanker 1, container 14, liquefied gas 9, passenger 5, petroleum tanker 11, refrigerated cargo 13, roll on/roll off 7, short-sea passenger 4 note: includes some foreign-owned ships registered here as a flag of convenience: Croatia 5, Denmark 2, Germany 1, Greece 1, Hong Kong 9, Indonesia 1, Norway 2, Sweden 11, United Kingdom 52, United States 13 (2002 est.) |
total:
2 ships (1,000 GRT or over) totaling 3,435 GRT/4,538 DWT ships by type: chemical tanker 1, petroleum tanker 1 (2000 est.) |
Military - note | defense is the responsibility of the UK | defense is provided by the US-manned Icelandic Defense Force (IDF) headquartered at Keflavik |
Military branches | no regular indigenous military forces; Bermuda Regiment, Bermuda Police Force, Bermuda Reserve Constabulary | no regular armed forces; Police, Coast Guard; note - Iceland's defense is provided by the US-manned Icelandic Defense Force (IDF) headquartered at Keflavik |
Military expenditures - dollar figure | $4.028 million (January 2002) | $0 |
Military expenditures - percent of GDP | 0.11% (FY00/01) | - |
Military manpower - availability | - | males age 15-49:
71,241 (2001 est.) |
Military manpower - fit for military service | - | males age 15-49:
62,704 (2001 est.) |
National holiday | Bermuda Day, 24 May | Independence Day, 17 June (1944) |
Nationality | noun: Bermudian(s)
adjective: Bermudian |
noun:
Icelander(s) adjective: Icelandic |
Natural hazards | hurricanes (June to November) | earthquakes and volcanic activity |
Natural resources | limestone, pleasant climate fostering tourism | fish, hydropower, geothermal power, diatomite |
Net migration rate | 2.56 migrant(s)/1,000 population (2003 est.) | -2.28 migrant(s)/1,000 population (2001 est.) |
Political parties and leaders | National Liberal Party or NLP [Dessaline WALDRON]; Progressive Labor Party or PLP [Jennifer SMITH]; United Bermuda Party or UBP [Chairman Wayne FURBERT] | Independence Party (conservative) or IP [David ODDSSON]; Left-Green Alliance [Steinsvimur SIGFUSSON]; Liberal Party [Sverrir HERMANNSSON]; People's Party (Social Democratic Party) or SDP [Sighvatyr BJORGIVINSSON]; Progressive Party (liberal) or PP [Halldor ASGRIMSSON]; The Alliance (includes People's Alliance or PA, Social Democratic Party or SVP, People's Movement, Women's List) [Ossur SKARPHEDINSSON]; Women's List or WL [Kristin ASTGEIRSDOTTIR] |
Political pressure groups and leaders | Bermuda Employer's Union [Eddie SAINTS]; Bermuda Industrial Union or BIU [Derrick BURGESS]; Bermuda Public Services Association or BPSA [leader NA]; Bermuda Union of Teachers [Michael CHARLES] | NA |
Population | 64,482 (July 2003 est.) | 277,906 (July 2001 est.) |
Population below poverty line | NA% | NA% |
Population growth rate | 0.72% (2003 est.) | 0.54% (2001 est.) |
Ports and harbors | Hamilton, Saint George's, Dockyard | Akureyri, Hornafjordur, Isafjordhur, Keflavik, Raufarhofn, Reykjavik, Seydhisfjordhur, Straumsvik, Vestmannaeyjar |
Radio broadcast stations | AM 5, FM 3, shortwave 0 (1998) | AM 3, FM about 70 (including repeaters), shortwave 1 (1998) |
Radios | - | 260,000 (1997) |
Railways | 0 km | 0 km |
Religions | non-Anglican Protestant 39%, Anglican 27%, Roman Catholic 15%, other 19% | Evangelical Lutheran 93%, other Protestant and Roman Catholic, none (1997) |
Sex ratio | at birth: 1.02 male(s)/female
under 15 years: 1 male(s)/female 15-64 years: 0.98 male(s)/female 65 years and over: 0.77 male(s)/female total population: 0.96 male(s)/female (2003 est.) |
at birth:
1.08 male(s)/female under 15 years: 1.07 male(s)/female 15-64 years: 1.02 male(s)/female 65 years and over: 0.81 male(s)/female total population: 1 male(s)/female (2001 est.) |
Suffrage | 18 years of age; universal | 18 years of age; universal |
Telephone system | general assessment: NA
domestic: modern, fully automatic telephone system international: 3 submarine cables; satellite earth stations - 3 Intelsat (Atlantic Ocean) |
general assessment:
adequate domestic service domestic: the trunk network consists of coaxial and fiber-optic cables and microwave radio relay links international: 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 | 52,000 (1997) | 168,000 (1997) |
Telephones - mobile cellular | 7,980 (1996) | 65,746 (1997) |
Television broadcast stations | 3 (1997) | 14 (plus 156 low-power repeaters) (1997) |
Terrain | low hills separated by fertile depressions | mostly plateau interspersed with mountain peaks, icefields; coast deeply indented by bays and fiords |
Total fertility rate | 1.9 children born/woman (2003 est.) | 2.01 children born/woman (2001 est.) |
Unemployment rate | 4.5% (1993) | 2.7% (January 2001) |
Waterways | none | none |