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Compare British Virgin Islands (2008) - Faroe Islands (2007)
Compare British Virgin Islands (2008) z Faroe Islands (2007)
| British Virgin Islands (2008) | Faroe Islands (2007) | |
 |  | |
| 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 34 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: 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 | fruits, vegetables; livestock, poultry; fish | milk, potatoes, vegetables; sheep; salmon, other fish |
| Airports | 3 (2007) | 1 (2007) |
| 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 (2007) |
| 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.) | 14.12 births/1,000 population (2007 est.) |
| Budget | revenues: $204.7 million
expenditures: $180.4 million (2004) |
revenues: $588 million
expenditures: $623 million (2005) |
| 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) |
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; 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 |
| Death rate | 4.42 deaths/1,000 population (2007 est.) | 8.69 deaths/1,000 population (2007 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 | 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 | 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 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 | 41.85 million kWh (2005) | 269.7 million kWh (2005) |
| Electricity - exports | 0 kWh (2005) | 0 kWh (2005) |
| Electricity - imports | 0 kWh (2005) | 0 kWh (2005) |
| Electricity - production | 45 million kWh (2005) | 290 million kWh (2005) |
| 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 |
| Environment - international agreements | - | party to: Marine Dumping -associate member to the London Convention and Ship Pollution |
| 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 - 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 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 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 | 0 bbl/day (2004) | NA bbl/day |
| 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 27%, Norway 10.2%, Nigeria 9.3%, Netherlands 5.5% (2006) |
| 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 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: 1.8%
industry: 6.2% services: 92% (1996 est.) |
agriculture: 27%
industry: 11% services: 62% (1999) |
| GDP - real growth rate | 1% (2002 est.) | 2.4% (2005 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 |
| 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) | NA bbl/day |
| Imports - commodities | building materials, automobiles, foodstuffs, machinery | consumer goods 36%, raw materials and semi-manufactures 32%, machinery and transport equipment 29%, fuels, fish, salt (1999) |
| Imports - partners | Virgin Islands (US), Puerto Rico, US (2006) | 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, light industry, construction, rum, concrete block, offshore financial center | fishing, fish processing, small ship repair and refurbishment, 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.) |
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) | 2% (2005) | 1.8% (2005) |
| International organization participation | Caricom (associate), CDB, Interpol (subbureau), IOC, OECS, UNESCO (associate), UPU | Arctic Council, IMO (associate), NC, NIB, UPU |
| 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) |
agriculture: 33%
industry: 33% services: 34% (October 2000) |
| Land boundaries | 0 km | 0 km |
| Land use | arable land: 20%
permanent crops: 6.67% other: 73.33% (2005) |
arable land: 2.14%
permanent crops: 0% other: 97.86% (2005) |
| Languages | English (official) | Faroese (derived from Old Norse), Danish |
| Legal system | English law | the laws of Denmark, where applicable, apply |
| 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 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: 76.86 years
male: 75.71 years female: 78.07 years (2007 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: 97.8% (1991 est.) male: NA% female: NA% |
definition: NA
total population: NA% male: NA% female: NA% note: probably 100%, the same as 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 |
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: 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 | - | no regular military forces |
| Military expenditures - percent of GDP | - | NA |
| National holiday | Territory Day, 1 July (1956) | Olaifest (Olavasoka), 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, possible oil and gas |
| Net migration rate | 8.83 migrant(s)/1,000 population (2007 est.) | 0 migrant(s)/1,000 population (2007 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]; 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 | NA | NA |
| Population | 23,552 (July 2007 est.) | 47,511 (July 2007 est.) |
| Population below poverty line | NA% | NA% |
| Population growth rate | 1.923% (2007 est.) | 0.543% (2007 est.) |
| Radio broadcast stations | AM 1, FM 5, shortwave 0 (2004) | AM 1, FM 13, shortwave 0 (1998) |
| 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: 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: 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: 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 | 11,700 (2002) | 23,000 (2006) |
| Telephones - mobile cellular | 8,000 (2002) | 50,000 (2006) |
| Television broadcast stations | 1 (plus 1 cable company) (1997) | 3 (plus 43 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.) | 2.15 children born/woman (2007 est.) |
| Unemployment rate | 3.6% (1997) | 2.1% (2006) |
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