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Compare Bermuda (2005) - Faroe Islands (2007)

Compare Bermuda (2005) z Faroe Islands (2007)

 Bermuda (2005)Faroe Islands (2007)
 BermudaFaroe Islands
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 34 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: 20.6% (male 4,882/female 4,904)


15-64 years: 65.3% (male 16,353/female 14,668)


65 years and over: 14.1% (male 3,041/female 3,663) (2007 est.)
Agriculture - products bananas, vegetables, citrus, flowers; dairy products milk, potatoes, vegetables; sheep; salmon, other fish
Airports 1 (2004 est.) 1 (2007)
Airports - with paved runways total: 1


2,438 to 3,047 m: 1 (2004 est.)
total: 1


914 to 1,523 m: 1 (2007)
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.) 14.12 births/1,000 population (2007 est.)
Budget revenues: $671.1 million


expenditures: $594.6 million, including capital expenditures of $55 million (FY03/04)
revenues: $588 million


expenditures: $623 million (2005)
Capital Hamilton name: Torshavn


geographic coordinates: 62 01 N, 6 46 W


time difference: UTC 0 (5 hours ahead of Washington, DC during Standard Time)


daylight saving time: +1hr, begins last Sunday in March; ends last Sunday in October
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
Death rate 7.63 deaths/1,000 population (2005 est.) 8.69 deaths/1,000 population (2007 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 because anticipated offshore hydrocarbon resources have not been realized, earlier Faroese proposals for full independence have been deferred; Iceland, the UK, and Ireland dispute Denmark's claim that the Faroe Islands' continental shelf extends beyond 200 nm
Economic aid - recipient NA $105 million; note - annual subsidy from Denmark (2005)
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 is dependent on fishing, which makes the economy vulnerable to price swings. Since 2003 the Faroese economy has picked up as a result of higher prices for fish and for housing. Unemployment is minimal and government finances are relatively sound. Oil finds close to the Islands give hope for economically recoverable deposits, which could eventually lay the basis for a more diversified economy and lessen dependence on Danish economic assistance. Aided by a substantial annual subsidy (about 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) 269.7 million kWh (2005)
Electricity - exports 0 kWh (2002) 0 kWh (2005)
Electricity - imports 0 kWh (2002) 0 kWh (2005)
Electricity - production 643 million kWh (2002) 290 million kWh (2005)
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
Environment - international agreements - party to: Marine Dumping -associate member to the London Convention and Ship Pollution
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 - 5.9468 (2006), 5.9969 (2005), 5.9911 (2004), 6.5877 (2003), 7.8947 (2002)
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
Exports NA NA bbl/day
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 32%, UK 27%, Norway 10.2%, Nigeria 9.3%, Netherlands 5.5% (2006)
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 - 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.) -
GDP - real growth rate 2% (2003 est.) 2.4% (2005 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)
-
Household income or consumption by percentage share lowest 10%: NA


highest 10%: NA
lowest 10%: NA%


highest 10%: NA%
Imports NA NA bbl/day
Imports - commodities machinery and transport equipment, construction materials, chemicals, food and live animals consumer goods 36%, raw materials and semi-manufactures 32%, machinery and transport equipment 29%, fuels, fish, 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 53%, Norway 20.7%, Iceland 6%, Sweden 4.3% (2006)
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, small ship repair and refurbishment, 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: 6.01 deaths/1,000 live births


male: 7.25 deaths/1,000 live births


female: 4.76 deaths/1,000 live births (2007 est.)
Inflation rate (consumer prices) 3.3% (mid-2003 est.) 1.8% (2005)
International organization participation Caricom (associate), ICFTU, Interpol (subbureau), IOC, UPU, WCO, Egmont Group, Caribbean Financial Action Task Force Arctic Council, IMO (associate), NC, NIB, UPU
Irrigated land NA 0 sq km
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.) agriculture: 33%


industry: 33%


services: 34% (October 2000)
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% (2005)
Languages English (official), Portuguese Faroese (derived from Old Norse), Danish
Legal system English law the laws of Denmark, where applicable, apply
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 Democratic Party 21.8%, Republican Party 21.7%, People's Party 20.6%, Center Party 5.2%, Independence Party 4.6%, other 2.4%; seats by party - Republican Party 8, Union Party 7, Social Democratic Party 7, People's Party 7, Center Party 2, Independence Party 1


note: election of two seats to the Danish Parliament was last held on 8 February 2005 (next to be held in February 2009); results - percent of vote by party - NA; seats by party - Republican Party 1, People's Party 1
Life expectancy at birth total population: 77.79 years


male: 75.7 years


female: 79.91 years (2005 est.)
total population: 79.49 years


male: 76.06 years


female: 82.93 years (2007 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 100%, 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: 16 ships (1000 GRT or over) 92,454 GRT/63,291 DWT


by type: cargo 10, container 2, passenger/cargo 3, petroleum tanker 1


foreign-owned: 8 (Iceland 4, Norway 4) (2007)
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) -
Military expenditures - percent of GDP 0.11% (FY00/01) NA
National holiday Bermuda Day, 24 May Olaifest (Olavasoka), 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.) 0 migrant(s)/1,000 population (2007 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 [Kari P. HOJGAARD]; People's Party [Anfinn KALLSBERG]; Republican Party [Hogni HOYDAL]; Social Democratic Party [Joannes EIDESGAARD]; Union Party [Kaj Leo JOHANNESEN]
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.) 47,511 (July 2007 est.)
Population below poverty line 19% (2000) NA%
Population growth rate 0.64% (2005 est.) 0.543% (2007 est.)
Ports and harbors Hamilton, Saint George -
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: 0.996 male(s)/female


15-64 years: 1.115 male(s)/female


65 years and over: 0.83 male(s)/female


total population: 1.045 male(s)/female (2007 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 (2006)
Telephones - mobile cellular 37,873 (2003) 50,000 (2006)
Television broadcast stations 4 (2004) 3 (plus 43 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.) 2.15 children born/woman (2007 est.)
Unemployment rate 5% (2002 est.) 2.1% (2006)
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