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Compare Bermuda (2004) - Faroe Islands (2004)
Compare Bermuda (2004) z Faroe Islands (2004)
| Bermuda (2004) | Faroe Islands (2004) | |
 |  | |
| Administrative divisions | 9 parishes and 2 municipalities*; Devonshire, Hamilton, Hamilton*, Paget, Pembroke, Saint George*, Saint George's, Sandys, Smith's, Southampton, Warwick | 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: 19.1% (male 6,192; female 6,186)
15-64 years: 69.3% (male 22,268; female 22,703) 65 years and over: 11.7% (male 3,295; female 4,291) (2004 est.) |
0-14 years: 21.6% (male 5,056; female 5,041)
15-64 years: 64.6% (male 15,975; female 14,187) 65 years and over: 13.7% (male 2,877; female 3,526) (2004 est.) |
| Agriculture - products | bananas, vegetables, citrus, flowers; dairy products | milk, potatoes, vegetables; sheep; salmon, other fish |
| Airports | 1 (2003 est.) | 1 (2003 est.) |
| Airports - with paved runways | total: 1
2,438 to 3,047 m: 1 (2004 est.) |
total: 1
914 to 1,523 m: 1 (2004 est.) |
| Area | total: 53.3 sq km
land: 53.3 sq km water: 0 sq km |
total: 1,399 sq km
land: 1,399 sq km water: 0 sq km (some lakes and streams) |
| Area - comparative | about one-third the size of Washington, DC | eight times the size of Washington, DC |
| 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. | 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 | 11.83 births/1,000 population (2004 est.) | 13.89 births/1,000 population (2004 est.) |
| Budget | revenues: $671.1 million
expenditures: $594.6 million, including capital expenditures of $55 million (FY03/04) |
revenues: $488 million
expenditures: $484 million, including capital expenditures of $21 million (1999) |
| Capital | Hamilton | Torshavn |
| Climate | subtropical; mild, humid; gales, strong winds common in winter | mild winters, cool summers; usually overcast; foggy, windy |
| Coastline | 103 km | 1,117 km |
| Constitution | 8 June 1968, amended 1989 and 2003 | 5 June 1953 (Danish constitution) |
| Country name | conventional long form: none
conventional short form: Bermuda former: Somers Islands |
conventional long form: none
conventional short form: Faroe Islands local long form: none local short form: Foroyar |
| Currency | Bermudian dollar (BMD) | Danish krone (DKK) |
| Death rate | 7.55 deaths/1,000 population (2004 est.) | 8.68 deaths/1,000 population (2004 est.) |
| Debt - external | $160 million (FY99/00) | $64 million (1999) |
| Dependency status | overseas territory of the UK | part of the Kingdom of Denmark; self-governing overseas administrative division of Denmark since 1948 |
| Diplomatic representation from the US | chief of mission: Deputy Chief of Mission Antoinette BOECKER
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 |
none (self-governing overseas administrative division of Denmark) |
| Diplomatic representation in the US | none (overseas territory of the UK) | none (self-governing overseas administrative division of Denmark) |
| Disputes - international | none | 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 the Faroe Islands claim extending its continental shelf boundary beyond 200 nm |
| Economic aid - recipient | NA | $135 million (annual subsidy from Denmark) (1998) |
| Economy - overview | Bermuda enjoys one of the highest per capita incomes in the world, equal to that of the US. Its economy is 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 - was severely hit as American tourists chose not to travel. Tourism rebounded somewhat in 2002-03. Most capital equipment and food must be imported. Bermuda's industrial sector is small, although construction continues to be important; the average cost of a house in June 2003 had risen to $976,000. Agriculture is limited, only 6% of the land being arable. | 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 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 | 598.6 million kWh (2001) | 149.1 million kWh (2001) |
| Electricity - exports | 0 kWh (2001) | 0 kWh (2001) |
| Electricity - imports | 0 kWh (2001) | 0 kWh (2001) |
| Electricity - production | 643.7 million kWh (2001) | 160.4 million kWh (2001) |
| Elevation extremes | lowest point: Atlantic Ocean 0 m
highest point: Town Hill 76 m |
lowest point: Atlantic Ocean 0 m
highest point: Slaettaratindur 882 m |
| Environment - current issues | asbestos disposal; water pollution; preservation of open space; sustainable development | NA |
| Ethnic groups | black 58%, white 36%, other 6% | Scandinavian |
| Exchange rates | Bermudian dollar per US dollar - 1.0000 (fixed rate pegged to the US dollar) | Danish kroner per US dollar - 6.5877 (2003), 7.89 (2002), 8.323 (2001), 8.083 (2000), 6.976 (1999) |
| 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); Deputy Premier Ewart BROWN 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: 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% note: coalition of Social Democrats, Union Party, and People's Party |
| Exports | NA (2001) | NA (2001) |
| Exports - commodities | reexports of pharmaceuticals | fish and fish products 94%, stamps, ships (1999) |
| Exports - partners | France 62%, Norway 13.8%, UK 7.5% (2003) | Denmark 36.7%, UK 32.1%, Netherlands 6.1%, Nigeria 5.6%, Norway 5.4% (2003) |
| 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 | 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 - $2.33 billion (2003 est.) | purchasing power parity - $1 billion (2001 est.) |
| GDP - composition by sector | agriculture: 1%
industry: 10% services: 89% (2002 est.) |
agriculture: 27%
industry: 11% services: 62% (1999) |
| GDP - per capita | purchasing power parity - $36,000 (2003 est.) | purchasing power parity - $22,000 (2001 est.) |
| GDP - real growth rate | 2% (2003 est.) | 10% (2001 est.) |
| Geographic coordinates | 32 20 N, 64 45 W | 62 00 N, 7 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 | 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 |
| Highways | total: 450 km
paved: 450 km unpaved: 0 km note: public roads - 209 km; private roads - 241 km (2002) |
total: 463 km
paved: 454 km unpaved: 9 km (1999) |
| Household income or consumption by percentage share | lowest 10%: NA
highest 10%: NA |
lowest 10%: NA
highest 10%: NA |
| Imports | NA (2001) | NA (2001) |
| Imports - commodities | machinery and transport equipment, construction materials, chemicals, 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 | Kazakhstan 46.7%, France 32.5%, US 8.5% (2003) | Denmark 52.7%, Norway 22.5%, Iceland 4.7%, Germany 4.2%, UK 4% (2003) |
| Independence | none (overseas territory of the 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, international business, light manufacturing | fishing, fish processing, shipbuilding, construction, handicrafts |
| Infant mortality rate | total: 8.79 deaths/1,000 live births
male: 10.45 deaths/1,000 live births female: 7.1 deaths/1,000 live births (2004 est.) |
total: 6.38 deaths/1,000 live births
male: 7.72 deaths/1,000 live births female: 5.03 deaths/1,000 live births (2004 est.) |
| Inflation rate (consumer prices) | 3.3% (mid-2003 est.) | 5.1% (1999) |
| International organization participation | Caricom (associate), ICFTU, Interpol (subbureau), IOC, UPU, WCO, Egmont Group, Caribbean Financial Action Task Force | IMO (associate), NC, NIB, UPU |
| Irrigated land | NA sq km | 0 sq km (1998 est.) |
| Judicial branch | Supreme Court; Court of Appeal; Magistrate Courts | none |
| Labor force | 37,470 (2000) | 24,250 (October 2000) |
| Labor force - by occupation | agriculture and fishing 3%, laborers 17%, clerical 22%, professional and technical 17%, administrative and managerial 13%, sales 8%, services 20% (2000 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: 20%
permanent crops: 0% other: 80% (55% developed, 45% rural/open space) (2001) |
arable land: 2.14%
permanent crops: 0% other: 97.86% (2001) |
| Languages | English (official), Portuguese | Faroese (derived from Old Norse), Danish |
| Legal system | English law | Danish |
| 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 up to 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 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 20 January 2004 (next to be held no later than January 2008) election results: percent of vote by party - Union Party 23.7%, Social Democrats 21.8%, Republican Party 21.7%, People's Party 20.6%, Center Party 5.2%, Independence Party 4.6%; seats by party - Union Party 7, Social Democrats 7, Republican Party 8, People's Party 7, Center Party 2, Independence Party 1 note: election of 2 seats to the Danish Parliament was last held on 20 November 2001 (next to be held 8 February 2005); results - percent of vote by party - NA; seats by party - Republican Party 1, Union Party 1 |
| Life expectancy at birth | total population: 77.6 years
male: 75.54 years female: 79.7 years (2004 est.) |
total population: 79.05 years
male: 75.6 years female: 82.51 years (2004 est.) |
| Literacy | definition: age 15 and over can read and write
total population: 98% male: 98% female: 99% (1970 est.) |
definition: NA
total population: NA male: NA female: NA note: probably the same as Denmark proper |
| Location | North America, group of islands in the North Atlantic Ocean, east of South Carolina (US) | 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 | North America | Europe |
| Maritime claims | territorial sea: 12 nm
exclusive fishing 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: 94 ships (1,000 GRT or over) 4,845,326 GRT/6,501,782 DWT
by type: bulk 25, cargo 4, container 17, liquefied gas 9, passenger 6, petroleum tanker 9, refrigerated cargo 11, roll on/roll off 10, short-sea/passenger 3 foreign-owned: Croatia 5, Germany 2, Greece 21, Hong Kong 9, Indonesia 1, Sweden 6, Switzerland 1, United Kingdom 33, United States 12 registered in other countries: 2 (2004 est.) |
total: 7 ships (1,000 GRT or over) 24,051 GRT/11,998 DWT
by type: cargo 3, container 1, petroleum tanker 1, roll on/roll off 1, short-sea/passenger 1 foreign-owned: Denmark 2, Norway 1, United Kingdom 1 registered in other countries: 1 (2004 est.) |
| Military - note | defense is the responsibility of the UK | defense is the responsibility of Denmark |
| Military branches | Bermuda Regiment | no regular military forces |
| Military expenditures - dollar figure | $4.03 million (2001) | NA |
| Military expenditures - percent of GDP | 0.11% (FY00/01) | NA |
| National holiday | Bermuda Day, 24 May | Olaifest, 29 July |
| Nationality | noun: Bermudian(s)
adjective: Bermudian |
noun: Faroese (singular and plural)
adjective: Faroese |
| Natural hazards | hurricanes (June to November) | NA |
| Natural resources | limestone, pleasant climate fostering tourism | fish, whales, hydropower, possible oil and gas |
| Net migration rate | 2.49 migrant(s)/1,000 population (2004 est.) | 1.41 migrant(s)/1,000 population (2004 est.) |
| Political parties and leaders | Gombey Liberation Party or GLP [Gavin Sundjata SMITH]; National Liberal Party or NLP [Dessaline WALDRON]; Progressive Labor Party or PLP [William Alexander SCOTT]; United Bermuda Party or UBP [Grant GIBBONS]; | Center Party [Jenis A. RANA]; Independence Party [Helena Dam a NEYSTABO]; People's Party [Anfinn KALLSBERG]; Republican Party [Hogni HOYDAL]; Social Democratic Party [Joannes EIDESGAARD]; Union Party [Lisbeth PETERSEN] |
| Political pressure groups and leaders | Bermuda Employer's Union [Eddie SAINTS]; Bermuda Industrial Union or BIU [Derrick BURGESS]; Bermuda Public Services Union or BPSU [Ed BALL]; Bermuda Union of Teachers [Michael CHARLES] | NA |
| Population | 64,935 (July 2004 est.) | 46,662 (July 2004 est.) |
| Population below poverty line | 19% (2000) | NA |
| Population growth rate | 0.68% (2004 est.) | 0.66% (2004 est.) |
| Ports and harbors | Hamilton, Saint George's, Dockyard | Torshavn, Klaksvik, Tvoroyri, Runavik, Fuglafjordhur |
| Radio broadcast stations | AM 5, FM 3, shortwave 0 (1998) | AM 1, FM 13, shortwave 0 (1998) |
| Religions | non-Anglican Protestant 39%, Anglican 27%, Roman Catholic 15%, other 19% | Evangelical Lutheran |
| 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 (2004 est.) |
at birth: 1 male(s)/female
under 15 years: 1 male(s)/female 15-64 years: 1.13 male(s)/female 65 years and over: 0.82 male(s)/female total population: 1.05 male(s)/female (2004 est.) |
| Suffrage | 18 years of age; universal | 18 years of age; universal |
| Telephone system | general assessment: good
domestic: modern, fully automatic telephone system international: country code - 1-441; 3 submarine cables; satellite earth stations - 3 Intelsat (Atlantic Ocean) |
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 | 56,000 (2002) | 23,000 (2002) |
| Telephones - mobile cellular | 37,873 (2003) | 30,700 (2002) |
| Television broadcast stations | 4 (2003) | 3 (plus 43 low-power repeaters) (September 1995) |
| Terrain | low hills separated by fertile depressions | rugged, rocky, some low peaks; cliffs along most of coast |
| Total fertility rate | 1.9 children born/woman (2004 est.) | 2.22 children born/woman (2004 est.) |
| Unemployment rate | 5% (2002 est.) | 1% (October 2000) |
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