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Compare Bermuda (2004) - Iceland (2005)
Compare Bermuda (2004) z Iceland (2005)
| Bermuda (2004) | Iceland (2005) | |
 |  | |
| Administrative divisions | 9 parishes and 2 municipalities*; Devonshire, Hamilton, Hamilton*, Paget, Pembroke, Saint George*, Saint George's, Sandys, Smith's, Southampton, Warwick | 8 regions; Austurland, Hofudhborgarsvaedhi, Nordhurland Eystra, Nordhurland Vestra, Sudhurland, Sudhurnes, Vestfirdhir, Vesturland |
| 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: 22.1% (male 33,302/female 32,257)
15-64 years: 66.2% (male 99,513/female 96,886) 65 years and over: 11.7% (male 15,723/female 19,056) (2005 est.) |
| Agriculture - products | bananas, vegetables, citrus, flowers; dairy products | potatoes, green vegetables, mutton, dairy products, fish |
| Airports | 1 (2003 est.) | 98 (2004 est.) |
| Airports - with paved runways | total: 1
2,438 to 3,047 m: 1 (2004 est.) |
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: 93
1,524 to 2,437 m: 3 914 to 1,523 m: 29 under 914 m: 61 (2004 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 | 11.83 births/1,000 population (2004 est.) | 13.73 births/1,000 population (2005 est.) |
| Budget | revenues: $671.1 million
expenditures: $594.6 million, including capital expenditures of $55 million (FY03/04) |
revenues: $4.154 billion
expenditures: $4.058 billion, including capital expenditures of $467 million (2004 est.) |
| 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 and 2003 | 16 June 1944, effective 17 June 1944; amended many times |
| 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: Lydhveldidh Island local short form: Island |
| Currency | Bermudian dollar (BMD) | - |
| Death rate | 7.55 deaths/1,000 population (2004 est.) | 6.68 deaths/1,000 population (2005 est.) |
| Debt - external | $160 million (FY99/00) | $3.073 billion (2002) |
| Dependency status | overseas territory of the UK | - |
| 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 |
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 | none (overseas territory of the UK) | 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 | none | Iceland disputes Denmark's alignment of the Faroe Islands' fisheries median line; Iceland, the UK, and Ireland dispute Denmark's claim that the Faroe Islands' continental shelf extends beyond 200 nm |
| Economic aid - donor | - | $NA |
| Economic aid - recipient | NA | - |
| 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. | 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 8% 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 estimates call for strong growth until 2007, slowly dropping until the end of the decade. |
| Electricity - consumption | 598.6 million kWh (2001) | 7.692 billion kWh (2002) |
| Electricity - exports | 0 kWh (2001) | 0 kWh (2002) |
| Electricity - imports | 0 kWh (2001) | 0 kWh (2002) |
| Electricity - production | 643.7 million kWh (2001) | 8.271 billion kWh (2002) |
| 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 (at Vatnajokull glacier) |
| 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, Air Pollution-Persistent Organic Pollutants, 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: Environmental Modification, Marine Life Conservation |
| Ethnic groups | black 58%, white 36%, other 6% | homogeneous mixture of descendants of Norse and Celts 94%, population of foreign origin 6% |
| Exchange rates | Bermudian dollar per US dollar - 1.0000 (fixed rate pegged to the US dollar) | Icelandic kronur per US dollar - 70.192 (2004), 76.709 (2003), 91.662 (2002), 97.425 (2001), 78.616 (2000) |
| 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: 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); following legislative elections, the leader of the majority party or the leader of the majority coalition is usually the prime minister election results: Olafur Ragnar GRIMSSON wins with 85.6% of the vote, Baldur AGUSTSSON 12.5%, Astthor MAGNUSSON 1.9% |
| Exports | NA (2001) | 0 bbl/day (2001) |
| Exports - commodities | reexports of pharmaceuticals | fish and fish products 70%, aluminum, animal products, ferrosilicon, diatomite |
| Exports - partners | France 62%, Norway 13.8%, UK 7.5% (2003) | UK 19.1%, Germany 17.2%, Netherlands 11.5%, US 9.8%, Spain 6.8%, Denmark 4.6% (2004) |
| 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 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 - $2.33 billion (2003 est.) | - |
| GDP - composition by sector | agriculture: 1%
industry: 10% services: 89% (2002 est.) |
agriculture: 11.2%
industry: 9.6% services: 79.2% (2004 est.) |
| GDP - per capita | purchasing power parity - $36,000 (2003 est.) | purchasing power parity - $31,900 (2004 est.) |
| GDP - real growth rate | 2% (2003 est.) | 1.8% (2004 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: 13,004 km
paved/oiled gravel: 4,331 km unpaved: 8,673 km (2004) |
| Household income or consumption by percentage share | lowest 10%: NA
highest 10%: NA |
lowest 10%: NA%
highest 10%: NA% |
| Imports | NA (2001) | 15,470 bbl/day (2001) |
| Imports - commodities | machinery and transport equipment, construction materials, chemicals, food and live animals | machinery and equipment, petroleum products; foodstuffs, textiles |
| Imports - partners | Kazakhstan 46.7%, France 32.5%, US 8.5% (2003) | Germany 12.3%, US 9.9%, Norway 9.7%, Denmark 7.9%, UK 7.2%, Sweden 6.7%, Netherlands 6% (2004) |
| Independence | none (overseas territory of the UK) | 1 December 1918 (became a sovereign state under the Danish Crown); 17 June 1944 (from Denmark) |
| Industrial production growth rate | NA | 8.8% (2004 est.) |
| Industries | tourism, international business, light manufacturing | fish processing; aluminum smelting, ferrosilicon production, geothermal power; tourism |
| 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: 3.31 deaths/1,000 live births
male: 3.45 deaths/1,000 live births female: 3.16 deaths/1,000 live births (2005 est.) |
| Inflation rate (consumer prices) | 3.3% (mid-2003 est.) | 4% (2004 est.) |
| International organization participation | Caricom (associate), ICFTU, Interpol (subbureau), IOC, UPU, WCO, Egmont Group, Caribbean Financial Action Task Force | 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 | 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 Minister of Justice); eight district courts (justices are appointed for life by the Minister of Justice) |
| Labor force | 37,470 (2000) | 158,100 (2004 est.) |
| 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.) | agriculture, fishing and fish processing 10.3%, industry 18.3%, services 71.4% (2003) |
| 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: 0.07%
permanent crops: 0% other: 99.93% (2001) |
| Languages | English (official), Portuguese | Icelandic, English, Nordic languages, German widely spoken |
| 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 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 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: 77.6 years
male: 75.54 years female: 79.7 years (2004 est.) |
total population: 80.19 years
male: 78.13 years female: 82.34 years (2005 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 South 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 | territorial sea: 12 nm
exclusive fishing 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: 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: 3 ships (1,000 GRT or over) 4,341 GRT/6,019 DWT
by type: cargo 2, passenger/cargo 1 registered in other countries: 30 (2005) |
| 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 | Bermuda Regiment | no regular armed forces; Icelandic National Police, Icelandic Coast Guard (Islenska Landhelgisgaeslan) |
| Military expenditures - dollar figure | $4.03 million (2001) | 0 |
| Military expenditures - percent of GDP | 0.11% (FY00/01) | - |
| 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 | 2.49 migrant(s)/1,000 population (2004 est.) | 2.06 migrant(s)/1,000 population (2005 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]; | 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 [Ingibjorg Solrun GISLADOTTIR] |
| 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.) | 296,737 (July 2005 est.) |
| Population below poverty line | 19% (2000) | NA% |
| Population growth rate | 0.68% (2004 est.) | 0.91% (2005 est.) |
| Ports and harbors | Hamilton, Saint George's, Dockyard | Grundartangi, Hafnarfjordur, Hornafjordhur, Reykjavik, Seydhisfjordhur |
| Radio broadcast stations | AM 5, FM 3, shortwave 0 (1998) | AM 3, FM about 70 (including repeaters), shortwave 1 (1998) |
| Religions | non-Anglican Protestant 39%, Anglican 27%, Roman Catholic 15%, other 19% | Lutheran Church of Iceland 85.5%, Reykjavik Free Church 2.1%, Roman Catholic Church 2%, Hafnarfjorour Free Church 1.5%, other Christian 2.7%, other or unspecified 3.8%, unaffiliated 2.4% (2004) |
| 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: 1.04 male(s)/female
under 15 years: 1.03 male(s)/female 15-64 years: 1.03 male(s)/female 65 years and over: 0.82 male(s)/female total population: 1 male(s)/female (2005 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: 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 | 56,000 (2002) | 190,700 (2003) |
| Telephones - mobile cellular | 37,873 (2003) | 279,100 (2003) |
| Television broadcast stations | 4 (2003) | 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 (2004 est.) | 1.92 children born/woman (2005 est.) |
| Unemployment rate | 5% (2002 est.) | 3.1% (2004 est.) |
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