Compare Bermuda (2005) - Faroe Islands (2004)

Compare Bermuda (2005) z Faroe Islands (2004)

	Bermuda (2005)	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: 18.9% (male 6,177/female 6,154) 15-64 years: 69.2% (male 22,422/female 22,828) 65 years and over: 11.9% (male 3,378/female 4,406) (2005 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 (2004 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	11.6 births/1,000 population (2005 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	-	Danish krone (DKK)
Death rate	7.63 deaths/1,000 population (2005 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, nearly 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 2002-04. 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 20% 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 million kWh (2002)	149.1 million kWh (2001)
Electricity - exports	0 kWh (2002)	0 kWh (2001)
Electricity - imports	0 kWh (2002)	0 kWh (2001)
Electricity - production	643 million kWh (2002)	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 54.8%, white 34.1%, mixed 6.4%, other races 4.3%, unspecified 0.4% (2000 census)	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 11 April 2002) head of government: Premier William Alexander 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	NA (2001)
Exports - commodities	reexports of pharmaceuticals	fish and fish products 94%, stamps, ships (1999)
Exports - partners	France 73.2%, UK 6.2%, Spain 2.4% (2004)	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 - $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	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 39.2%, France 16.2%, Japan 13.1%, Italy 9.2%, South Korea 8.8%, US 6.4% (2004)	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: 8.53 deaths/1,000 live births male: 10.14 deaths/1,000 live births female: 6.9 deaths/1,000 live births (2005 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	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 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: 77.79 years male: 75.7 years female: 79.91 years (2005 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: 108 ships (1,000 GRT or over) 4,845,326 GRT/6,501,782 DWT by type: bulk carrier 22, cargo 6, container 22, liquefied gas 13, passenger 13, passenger/cargo 6, petroleum tanker 8, refrigerated cargo 11, roll on/roll off 7 foreign-owned: 103 (Australia 2, Canada 20, Finland 2, Germany 1, Greece 1, Hong Kong 5, Indonesia 1, Nigeria 8, Norway 5, Sweden 9, Switzerland 2, United Kingdom 27, United States 20) registered in other countries: 1 (2005)	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	2.45 migrant(s)/1,000 population (2005 est.)	1.41 migrant(s)/1,000 population (2004 est.)
Political parties and leaders	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	65,365 (July 2005 est.)	46,662 (July 2004 est.)
Population below poverty line	19% (2000)	NA
Population growth rate	0.64% (2005 est.)	0.66% (2004 est.)
Ports and harbors	Hamilton, Saint George	Torshavn, Klaksvik, Tvoroyri, Runavik, Fuglafjordhur
Radio broadcast stations	AM 5, FM 3, shortwave 0 (2004)	AM 1, FM 13, shortwave 0 (1998)
Religions	Anglican 23%, Roman Catholic 15%, African Methodist Episcopal 11%, other Protestant 18%, other 12%, unaffiliated 6%, unspecified 1%, none 14% (2000 census)	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 (2005 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: fully automatic digital telephone system; fiber optic trunk lines international: country code - 1-441; 3 fiber optic 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 (2004)	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	1.89 children born/woman (2005 est.)	2.22 children born/woman (2004 est.)
Unemployment rate	5% (2002 est.)	1% (October 2000)

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