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Compare British Virgin Islands (2008) - Faroe Islands (2001)

Compare British Virgin Islands (2008) z Faroe Islands (2001)

 British Virgin Islands (2008)Faroe Islands (2001)
 British Virgin IslandsFaroe Islands
Administrative divisions none (overseas territory of the UK) 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: 20.2% (male 2,410/female 2,337)


15-64 years: 74.5% (male 9,004/female 8,534)


65 years and over: 5.4% (male 665/female 602) (2007 est.)
0-14 years:
22.62% (male 5,193; female 5,136)

15-64 years:
63.64% (male 15,463; female 13,596)

65 years and over:
13.74% (male 2,802; female 3,471) (2001 est.)
Agriculture - products fruits, vegetables; livestock, poultry; fish milk, potatoes, vegetables; sheep; salmon, other fish
Airports 3 (2007) 1 (2000 est.)
Airports - with paved runways total: 2


914 to 1,523 m: 1


under 914 m: 1 (2007)
total:
1

914 to 1,523 m:
1 (2000 est.)
Airports - with unpaved runways total: 1


914 to 1,523 m: 1 (2007)
-
Area total: 153 sq km


land: 153 sq km


water: 0 sq km


note: comprised of 16 inhabited and more than 20 uninhabited islands; includes the islands of Tortola, Anegada, Virgin Gorda, Jost van Dyke
total:
1,399 sq km

land:
1,399 sq km

water:
0 sq km (some lakes and streams)
Area - comparative about 0.9 times the size of Washington, DC eight times the size of Washington, DC
Background First inhabited by Arawak and later by Carib Indians, the Virgin Islands were settled by the Dutch in 1648 and then annexed by the English in 1672. The islands were part of the British colony of the Leeward Islands from 1872-1960; they were granted autonomy in 1967. The economy is closely tied to the larger and more populous US Virgin Islands to the west; the US dollar is the legal currency. 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 14.82 births/1,000 population (2007 est.) 13.64 births/1,000 population (2001 est.)
Budget revenues: $204.7 million


expenditures: $180.4 million (2004)
revenues:
$488 million

expenditures:
$484 million, including capital expenditures of $21 million (1999)
Capital name: Road Town


geographic coordinates: 18 27 N, 64 37 W


time difference: UTC-4 (1 hour ahead of Washington, DC during Standard Time)
Torshavn
Climate subtropical; humid; temperatures moderated by trade winds mild winters, cool summers; usually overcast; foggy, windy
Coastline 80 km 1,117 km
Constitution 13 June 2007 5 June 1953 (Danish constitution)
Country name conventional long form: none


conventional short form: British Virgin Islands


abbreviation: BVI
conventional long form:
none

conventional short form:
Faroe Islands

local long form:
none

local short form:
Foroyar
Currency - Danish krone (DKK)
Death rate 4.42 deaths/1,000 population (2007 est.) 8.69 deaths/1,000 population (2001 est.)
Debt - external $36.1 million (1997) $64 million (1999)
Dependency status overseas territory of the UK; internal self-governing part of the Kingdom of Denmark; self-governing overseas administrative division of Denmark since 1948
Diplomatic representation from the US none (overseas territory of the UK) 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
Economic aid - recipient $NA $135 million (annual subsidy from Denmark) (1999)
Economy - overview The economy, one of the most stable and prosperous in the Caribbean, is highly dependent on tourism, generating an estimated 45% of the national income. An estimated 820,000 tourists, mainly from the US, visited the islands in 2005. In the mid-1980s, the government began offering offshore registration to companies wishing to incorporate in the islands, and incorporation fees now generate substantial revenues. Roughly 400,000 companies were on the offshore registry by yearend 2000. The adoption of a comprehensive insurance law in late 1994, which provides a blanket of confidentiality with regulated statutory gateways for investigation of criminal offenses, made the British Virgin Islands even more attractive to international business. Livestock raising is the most important agricultural activity; poor soils limit the islands' ability to meet domestic food requirements. Because of traditionally close links with the US Virgin Islands, the British Virgin Islands has used the US dollar as its currency since 1959. 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 required to ensure 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 less dependence on Denmark and 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 41.85 million kWh (2005) 158.1 million kWh (1999)
Electricity - exports 0 kWh (2005) 0 kWh (1999)
Electricity - imports 0 kWh (2005) 0 kWh (1999)
Electricity - production 45 million kWh (2005) 170 million kWh (1999)
Electricity - production by source - fossil fuel:
58.82%

hydro:
41.18%

nuclear:
0%

other:
0% (1999)
Elevation extremes lowest point: Caribbean Sea 0 m


highest point: Mount Sage 521 m
lowest point:
Atlantic Ocean 0 m

highest point:
Slaettaratindur 882 m
Environment - current issues limited natural fresh water resources (except for a few seasonal streams and springs on Tortola, most of the islands' water supply comes from wells and rainwater catchments) NA
Ethnic groups black 83%, other 17% (includes white, Indian, Asian and mixed) Scandinavian
Exchange rates the US dollar is used Danish kroner per US dollar - 7.951 (January 2001), 8.093 (2000), 6.976 (1999), 6.701 (1998), 6.604 (1997), 5.799 (1966)
Executive branch chief of state: Queen ELIZABETH II (since 6 February 1952); represented by Governor David PEAREY (since 18 April 2006)


head of government: Premier Ralph T. O'NEAL (since 23 August 2007)


cabinet: Executive Council appointed by the governor from members of the House of Assembly


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 Ms. Vibeke LARSEN, chief administrative officer (since NA)

head of government:
Prime Minister Anfinn KALLSBERG (since 15 May 1998)

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 party that wins the most seats is usually elected prime minister by the Faroese Parliament; election last held 30 April 1998 (next to be held no later than April 2002)

election results:
Anfinn KALLSBERG elected prime minister; percent of parliamentary vote - 52.8%

note:
coalition of People's Party, Republican Party and Home Rule Party
Exports 0 bbl/day (2004) $471 million (f.o.b., 1999)
Exports - commodities rum, fresh fish, fruits, animals; gravel, sand fish and fish products 94%, stamps, ships (1999)
Exports - partners Virgin Islands (US), Puerto Rico, US (2006) Denmark 32%, UK 21%, France 9%, Germany 7%, Iceland 5%, US 5% (1996)
Fiscal year 1 April - 31 March calendar year
Flag description blue, with the flag of the UK in the upper hoist-side quadrant and the Virgin Islander coat of arms centered in the outer half of the flag; the coat of arms depicts a woman flanked on either side by a vertical column of six oil lamps above a scroll bearing the Latin word VIGILATE (Be Watchful) white with a red cross outlined in blue 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 - $910 million (2000 est.)
GDP - composition by sector agriculture: 1.8%


industry: 6.2%


services: 92% (1996 est.)
agriculture:
27%

industry:
11%

services:
62% (1999)
GDP - per capita - purchasing power parity - $20,000 (2000 est.)
GDP - real growth rate 1% (2002 est.) 5% (2000 est.)
Geographic coordinates 18 30 N, 64 30 W 62 00 N, 7 00 W
Geography - note strong ties to nearby US Virgin Islands and Puerto Rico 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:
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%
Illicit drugs transshipment point for South American narcotics destined for the US and Europe; large offshore financial center makes it vulnerable to money laundering -
Imports 604.3 bbl/day (2004) $469 million (c.i.f., 1999)
Imports - commodities building materials, automobiles, foodstuffs, machinery machinery and transport equipment 29%, consumer goods 36%, raw materials and semi-manufactures 32%, fuels, fish and salt (1999)
Imports - partners Virgin Islands (US), Puerto Rico, US (2006) Denmark 28%, Norway 26%, Germany 7%, UK 6% Sweden 5%, Iceland 4%, US (1999)
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, light industry, construction, rum, concrete block, offshore financial center fishing, fish processing, shipbuilding, construction, handicrafts
Infant mortality rate total: 16.13 deaths/1,000 live births


male: 18.82 deaths/1,000 live births


female: 13.29 deaths/1,000 live births (2007 est.)
6.8 deaths/1,000 live births (2001 est.)
Inflation rate (consumer prices) 2% (2005) 5.1% (1999)
International organization participation Caricom (associate), CDB, Interpol (subbureau), IOC, OECS, UNESCO (associate), UPU NC, NIB
Internet Service Providers (ISPs) - 2 (2000)
Irrigated land NA 0 sq km
Judicial branch Eastern Caribbean Supreme Court, consisting of the High Court of Justice and the Court of Appeal (one judge of the Supreme Court is a resident of the islands and presides over the High Court); Magistrate's Court; Juvenile Court; Court of Summary Jurisdiction none
Labor force 12,770 (2004) 24,250 (October 2000)
Labor force - by occupation agriculture: 0.6%


industry: 40%


services: 59.4% (2005)
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: 6.67%


other: 73.33% (2005)
arable land:
6%

permanent crops:
0%

permanent pastures:
0%

forests and woodland:
0%

other:
94% (1996)
Languages English (official) Faroese (derived from Old Norse), Danish
Legal system English law Danish
Legislative branch unicameral House of Assembly (13 elected seats and 1 non-voting ex officio member in the attorney general; members are elected by direct popular vote, 1 member from each of nine electoral districts, 4 at-large members; to serve four-year terms)


elections: last held 20 August 2007 (next to be held in 2011)


election results: percent of vote by party - VIP 45.2%, NDP 39.6%, independent 15.2%; seats by party - VIP 10, NDP 2, independent 1
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 30 April 1998 (next to be held not later than April 2002)

election results:
percent of vote by party - Republican Party 23.8%, People's Party 21.3%, Social Democratic Party 21.9%, Union Party 18%, Home Rue Party 7.7%, Center Party 4.1%; seats by party - Republican Party 8, People's Party 8, Social Democratic Party 7, Union Party 6, Home Rule Party 2, Center Party 1

note:
election of 2 seats to the Danish Parliament was last held on 11 March 1998 (next to be held not later than March 2002); results - percent of vote by party - NA; seats by party - Social Democratic Party 1, People's Party 1
Life expectancy at birth total population: 76.86 years


male: 75.71 years


female: 78.07 years (2007 est.)
total population:
78.59 years

male:
75.12 years

female:
82.06 years
Literacy definition: age 15 and over can read and write


total population: 97.8% (1991 est.)


male: NA%


female: NA%
definition:
NA

total population:
NA%

male:
NA%

female:
NA%

note:
similar to Denmark proper
Location Caribbean, between the Caribbean Sea and the North Atlantic Ocean, east of Puerto Rico 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 Central America and the Caribbean Europe
Maritime claims territorial sea: 3 nm


exclusive fishing zone: 200 nm
continental shelf:
200 NM or agreed boundaries or median line

exclusive fishing zone:
200 NM or agreed boundaries or median line

territorial sea:
3 NM
Merchant marine - total:
6 ships (1,000 GRT or over) totaling 23,247 GRT/11,736 DWT

ships by type:
cargo 2, petroleum tanker 1, refrigerated cargo 1, roll on/roll off 1, short-sea passenger 1 (2000 est.)
Military - note defense is the responsibility of the UK defense is the responsibility of Denmark
Military branches - defense is the responsibility of Denmark; no organized native military forces; only a small Police Force and Coast Guard are maintained
Military expenditures - dollar figure - $NA
Military expenditures - percent of GDP - NA%
National holiday Territory Day, 1 July (1956) Olaifest, 29 July
Nationality noun: British Virgin Islander(s)


adjective: British Virgin Islander
noun:
Faroese (singular and plural)

adjective:
Faroese
Natural hazards hurricanes and tropical storms (July to October) NA
Natural resources NEGL fish, whales, hydropower
Net migration rate 8.83 migrant(s)/1,000 population (2007 est.) 2.89 migrant(s)/1,000 population (2001 est.)
Political parties and leaders Concerned Citizens Movement or CCM [Ethlyn SMITH]; National Democratic Party or NDP [Orlando SMITH]; United Party or UP [Gregory MADURO]; Virgin Islands Party or VIP [Ralph T. O'NEAL] Center Party [Jenis A. RANA]; Home Rule Party [Helena Dam a NEYSTABO]; People's Party [Oli BRECKMANN]; Republican Party [Hogni HOYDAL]; Social Democratic Party [Joannes EIDESGAARD]; Union Party [Edmund JOENSEN]
Political pressure groups and leaders NA NA
Population 23,552 (July 2007 est.) 45,661 (July 2001 est.)
Population below poverty line NA% NA%
Population growth rate 1.923% (2007 est.) 0.78% (2001 est.)
Ports and harbors - Torshavn, Klaksvik, Tvoroyri, Runavik, Fuglafjorour
Radio broadcast stations AM 1, FM 5, shortwave 0 (2004) AM 1, FM 13, shortwave 0 (1998)
Radios - 26,000 (1997)
Railways - 0 km
Religions Protestant 86% (Methodist 33%, Anglican 17%, Church of God 9%, Seventh-Day Adventist 6%, Baptist 4%, Jehovah's Witnesses 2%, other 15%), Roman Catholic 10%, other 2%, none 2% (1991) Evangelical Lutheran
Sex ratio at birth: 1.05 male(s)/female


under 15 years: 1.031 male(s)/female


15-64 years: 1.055 male(s)/female


65 years and over: 1.105 male(s)/female


total population: 1.053 male(s)/female (2007 est.)
at birth:
1 male(s)/female

under 15 years:
1.01 male(s)/female

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

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

total population:
1.06 male(s)/female (2001 est.)
Suffrage 18 years of age; universal 18 years of age; universal
Telephone system general assessment: worldwide telephone service


domestic: NA


international: country code - 1-284; connected via submarine cable to Bermuda; the East Caribbean Fiber System (ECFS) optic submarine cable provides connectivity to 13 other islands in the eastern Caribbean (2007)
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:
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 11,700 (2002) 24,851 (1999)
Telephones - mobile cellular 8,000 (2002) 10,761 (1999)
Television broadcast stations 1 (plus 1 cable company) (1997) 3 (plus 43 low-power repeaters) (September 1995)
Terrain coral islands relatively flat; volcanic islands steep, hilly rugged, rocky, some low peaks; cliffs along most of coast
Total fertility rate 1.72 children born/woman (2007 est.) 2.3 children born/woman (2001 est.)
Unemployment rate 3.6% (1997) 1% (October 2000)
Waterways - none
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