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Compare Cayman Islands (2002) - Iceland (2004)
Compare Cayman Islands (2002) z Iceland (2004)
| Cayman Islands (2002) | Iceland (2004) | |
 |  | |
| Administrative divisions | 8 districts; Creek, Eastern, Midland, South Town, Spot Bay, Stake Bay, West End, Western | 8 regions; Austurland, Hofudhborgarsvaedhi, Nordhurland Eystra, Nordhurland Vestra, Sudhurland, Sudhurnes, Vestfirdhir, Vesturland |
| Age structure | 0-14 years: 22% (male 3,836; female 4,156)
15-64 years: 69.7% (male 12,335; female 12,929) 65 years and over: 8.3% (male 1,399; female 1,618) (2002 est.) |
0-14 years: 22.5% (male 33,522; female 32,489)
15-64 years: 65.8% (male 98,091; female 95,450) 65 years and over: 11.7% (male 15,552; female 18,862) (2004 est.) |
| Agriculture - products | vegetables, fruit; livestock, turtle farming | potatoes, green vegetables, mutton, dairy products, fish |
| Airports | 3 (2001) | 100 (2003 est.) |
| Airports - with paved runways | total: 2
1,524 to 2,437 m: 2 (2002) |
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: 1
914 to 1,523 m: 1 (2002) |
total: 93
1,524 to 2,437 m: 3 914 to 1,523 m: 29 under 914 m: 61 (2004 est.) |
| Area | total: 262 sq km
land: 262 sq km water: 0 sq km |
total: 103,000 sq km
land: 100,250 sq km water: 2,750 sq km |
| Area - comparative | 1.5 times the size of Washington, DC | slightly smaller than Kentucky |
| Background | The Cayman Islands were colonized from Jamaica by the British during the 18th and 19th centuries. Administered by Jamaica from 1863, they remained a British dependency after 1962 when the former became independent. | 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 | 13.45 births/1,000 population (2002 est.) | 13.83 births/1,000 population (2004 est.) |
| Budget | revenues: $265.2 million
expenditures: $248.9 million, including capital expenditures of $NA (1997) |
revenues: $4.205 billion
expenditures: $4.405 billion, including capital expenditures of $467 million (2003) |
| Capital | George Town | Reykjavik |
| Climate | tropical marine; warm, rainy summers (May to October) and cool, relatively dry winters (November to April) | temperate; moderated by North Atlantic Current; mild, windy winters; damp, cool summers |
| Coastline | 160 km | 4,988 km |
| Constitution | 1959, revised 1972 and 1992 | 16 June 1944, effective 17 June 1944 |
| Country name | conventional long form: none
conventional short form: Cayman Islands |
conventional long form: Republic of Iceland
conventional short form: Iceland local long form: Lydhveldidh Island local short form: Island |
| Currency | Caymanian dollar (KYD) | Icelandic krona (ISK) |
| Death rate | 5.24 deaths/1,000 population (2002 est.) | 6.57 deaths/1,000 population (2004 est.) |
| Debt - external | $70 million (1996) | $2.6 billion (1999) |
| Dependency status | overseas territory of the UK | - |
| Diplomatic representation from the US | none (overseas territory of the UK) | 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 | Rockall continental shelf dispute involving Denmark, Iceland, and the UK (Ireland and the UK have signed a boundary agreement in the Rockall area) remains dormant; dispute with Denmark over the Faroe Islands' fisheries median line boundary within 200 nm; disputes with Denmark, the UK, and Ireland over the Faroe Islands continental shelf boundary outside 200 nm |
| Economic aid - donor | - | NA |
| Economic aid - recipient | $NA | - |
| Economy - overview | With no direct taxation, the islands are a thriving offshore financial center. More than 40,000 companies were registered in the Cayman Islands as of 1998, including almost 600 banks and trust companies; banking assets exceed $500 billion. A stock exchange was opened in 1997. Tourism is also a mainstay, accounting for about 70% of GDP and 75% of foreign currency earnings. The tourist industry is aimed at the luxury market and caters mainly to visitors from North America. Total tourist arrivals exceeded 1.2 million in 1997, with 600,000 from the US. About 90% of the islands' food and consumer goods must be imported. The Caymanians enjoy one of the highest outputs per capita and one of the highest standards of living in the world. | 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 12% 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 inflation dropped back from 5% to 2%. |
| Electricity - consumption | 330.15 million kWh (2000) | 7.341 billion kWh (2001) |
| Electricity - exports | 0 kWh (2000) | 0 kWh (2001) |
| Electricity - imports | 0 kWh (2000) | 0 kWh (2001) |
| Electricity - production | 355 million kWh (2000) | 7.894 billion kWh (2001) |
| Electricity - production by source | fossil fuel: 100%
hydro: 0% nuclear: 0% other: 0% (2000) |
- |
| Elevation extremes | lowest point: Caribbean Sea 0 m
highest point: The Bluff 43 m |
lowest point: Atlantic Ocean 0 m
highest point: Hvannadalshnukur 2,119 m (at Vatnajokull glacier) |
| Environment - current issues | no natural fresh water resources; drinking water supplies must be met by rainwater catchments | water pollution from fertilizer runoff; inadequate wastewater treatment |
| Environment - international agreements | - | party to: Air Pollution, 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: Air Pollution-Persistent Organic Pollutants, Environmental Modification, Marine Life Conservation |
| Ethnic groups | mixed 40%, white 20%, black 20%, expatriates of various ethnic groups 20% | homogeneous mixture of descendants of Norse and Celts 94%, population of foreign origin 6% |
| Exchange rates | Caymanian dollars per US dollar - 0.82 (29 October 2001), 0.83 (3 November 1995), 0.85 (22 November 1993) | Icelandic kronur per US dollar - 76.709 (2003), 91.6617 (2002), 97.4246 (2001), 78.6159 (2000), 72.3353 (1999) |
| Executive branch | chief of state: Queen ELIZABETH II (since 6 February 1952); Governor Bruce DINWIDDY (since 29 May 2002)
head of government: Chief Secretary W. McKeeva BUSH (since NA December 2001) cabinet: Executive Council (three members appointed by the governor, four members elected by the Legislative Assembly) elections: none; the monarch is hereditary; the governor is appointed by the monarch; the chief secretary is appointed 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); prime minister appointed by the president election results: Olafur Ragnar GRIMSSON wins with 85.6% of the vote, Baldur AGUSTSSON 12.5%, Astthor MAGNUSSON 1.9% |
| Exports | $1.2 million (1999) | 0 bbl/day (2001) |
| Exports - commodities | turtle products, manufactured consumer goods | fish and fish products 70%, animal products, aluminum, diatomite, ferrosilicon |
| Exports - partners | mostly US | Germany 17.4%, UK 17.4%, Netherlands 11.2%, US 9.8%, Spain 6.3%, Denmark 5%, Norway 4.5%, France 4% (2003) |
| 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 Caymanian coat of arms on a white disk centered on the outer half of the flag; the coat of arms includes a pineapple and turtle above a shield with three stars (representing the three islands) and a scroll at the bottom bearing the motto HE HATH FOUNDED IT UPON THE SEAS | 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 - $1.18 billion (1999 est.) | purchasing power parity - $8.678 billion (2003 est.) |
| GDP - composition by sector | agriculture: 1%
industry: 3% services: 95% (1994 est.) |
agriculture: 9.2% (includes fishing 12%)
industry: 26.7% services: 64.2% (2003 est.) |
| GDP - per capita | purchasing power parity - $30,000 (1999 est.) | purchasing power parity - $30,900 (2003 est.) |
| GDP - real growth rate | 4.5% (2000) | 2.6% (2003 est.) |
| Geographic coordinates | 19 30 N, 80 30 W | 65 00 N, 18 00 W |
| Geography - note | important location between Cuba and Central America | 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: 406 km
paved: 304 km unpaved: 102 km |
total: 12,955 km
paved/oiled gravel: 3,863 km unpaved: 9,092 km (2003) |
| Household income or consumption by percentage share | lowest 10%: NA%
highest 10%: NA% |
lowest 10%: NA
highest 10%: NA |
| Illicit drugs | offshore financial center; vulnerable to drug transshipment to the US and Europe | - |
| Imports | $457.4 million (1999) | 15,470 bbl/day (2001) |
| Imports - commodities | foodstuffs, manufactured goods | machinery and equipment, petroleum products; foodstuffs, textiles |
| Imports - partners | US, Trinidad and Tobago, UK, Netherlands Antilles, Japan | Germany 11.8%, Denmark 8%, US 7.5%, UK 7.5%, Norway 7%, Sweden 6.5%, Netherlands 6.2%, Italy 4.7% (2003) |
| 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% | 8.1% (2003 est.) |
| Industries | tourism, banking, insurance and finance, construction, construction materials, furniture | fish processing; aluminum smelting, ferrosilicon production, geothermal power; tourism |
| Infant mortality rate | 9.89 deaths/1,000 live births (2002 est.) | total: 3.31 deaths/1,000 live births
male: 3.44 deaths/1,000 live births female: 3.17 deaths/1,000 live births (2004 est.) |
| Inflation rate (consumer prices) | 2.3% (2000) (2000) | 2.1% (2003 est.) |
| International organization participation | Caricom (observer), CDB, Interpol (subbureau), IOC, UNESCO (associate) | 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 |
| Internet Service Providers (ISPs) | 16 (2000) | - |
| Irrigated land | NA sq km | NA sq km |
| Judicial branch | Summary Court; Grand Court; Cayman Islands Court of Appeal | 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 | 19,820 (1995) | 160,000 (2003) |
| Labor force - by occupation | agriculture 1%, industry 13%, services 86% (1995) | agriculture 5.1%, fishing and fish processing 11.8%, manufacturing 12.9%, construction 10.7%, services 59.5% (1999) |
| Land boundaries | 0 km | 0 km |
| Land use | arable land: 0%
permanent crops: 0% other: 100% (1998 est.) |
arable land: 0.07%
permanent crops: 0% other: 99.93% (2001) |
| Languages | English | Icelandic, English, Nordic languages, German widely spoken |
| Legal system | British common law and local statutes | civil law system based on Danish law; has not accepted compulsory ICJ jurisdiction |
| Legislative branch | unicameral Legislative Assembly (18 seats, three appointed members from the Executive Council and 15 elected by popular vote; members serve four-year terms)
elections: last held 8 November 2000 (next to be held NA November 2004) election results: percent of vote - NA%; seats - NA |
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: 79.18 years
male: 76.38 years female: 81.59 years (2002 est.) |
total population: 80.18 years
male: 78.18 years female: 82.27 years (2004 est.) |
| Literacy | definition: age 15 and over has ever attended school
total population: 98% male: 98% female: 98% (1970 est.) |
definition: age 15 and over can read and write
total population: 99.9% (1997 est.) male: NA female: NA |
| Location | Caribbean, island group in Caribbean Sea, nearly one-half of the way from Cuba to Honduras | Northern Europe, island between the Greenland Sea and the North Atlantic Ocean, northwest of the UK |
| Map references | Central America and the Caribbean | Arctic Region |
| Maritime claims | exclusive fishing zone: 200 NM
territorial sea: 12 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: 121 ships (1,000 GRT or over) totaling 2,034,181 GRT/3,191,597 DWT
ships by type: bulk 24, cargo 4, chemical tanker 34, container 1, liquefied gas 1, petroleum tanker 14, refrigerated cargo 40, roll on/roll off 2, specialized tanker 1 note: includes some foreign-owned ships registered here as a flag of convenience: Bahrain 2, China 1, Germany 4, Greece 27, Hong Kong 3, Italy 2, Japan 1, Norway 14, Sweden 13, United Kingdom 15, United States 35 (2002 est.) |
total: 1 ships (1,000 GRT or over) 4,341 GRT/6,019 DWT
by type: petroleum tanker 1 registered in other countries: 26 (2004 est.) |
| 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 | no regular indigenous military forces; Royal Cayman Islands Police Force (RCIPF) | no regular armed forces; Police, Coast Guard |
| Military expenditures - dollar figure | - | 0 |
| Military manpower - availability | - | males age 15-49: 75,568 (2004 est.) |
| Military manpower - fit for military service | - | males age 15-49: 66,503 (2004 est.) |
| National holiday | Constitution Day, first Monday in July | Independence Day, 17 June (1944) |
| Nationality | noun: Caymanian(s)
adjective: Caymanian |
noun: Icelander(s)
adjective: Icelandic |
| Natural hazards | hurricanes (July to November) | earthquakes and volcanic activity |
| Natural resources | fish, climate and beaches that foster tourism | fish, hydropower, geothermal power, diatomite |
| Net migration rate | 12.08 migrant(s)/1,000 population
note: major destination for Cubans trying to migrate to the US (2002 est.) |
2.38 migrant(s)/1,000 population (2004 est.) |
| Political parties and leaders | there are no formal political parties but the following loose groupings act as political organizations; National Team [leader NA]; Democratic Alliance [leader NA]; Team Cayman [leader NA]; United Democratic Party [leader NA] | 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 [Ossur SKARPHEDINSSON] |
| Political pressure groups and leaders | NA | NA |
| Population | 36,273 (July 2002 est.) | 293,966 (July 2004 est.) |
| Population below poverty line | NA% | NA |
| Population growth rate | 2.03% (2002 est.) | 0.97% (2004 est.) |
| Ports and harbors | Cayman Brac, George Town | Akureyri, Hornafjordhur, Isafjordhur, Keflavik, Raufarhofn, Reykjavik, Seydhisfjordhur, Straumsvik, Vesttmannaeyjar |
| Radio broadcast stations | AM 1, FM 5, shortwave 0 (1998) | AM 3, FM about 70 (including repeaters), shortwave 1 (1998) |
| Radios | 36,000 (1997) | - |
| Railways | 0 km | - |
| Religions | United Church (Presbyterian and Congregational), Anglican, Baptist, Church of God, other Protestant, Roman Catholic | Evangelical Lutheran 87.1%, other Protestant 4.1%, Roman Catholic 1.7%, other 7.1% (2002) |
| Sex ratio | at birth: 0.86 male(s)/female
under 15 years: 0.92 male(s)/female 15-64 years: 0.95 male(s)/female 65 years and over: 0.86 male(s)/female total population: 0.94 male(s)/female (2002 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: 0.83 male(s)/female total population: 1 male(s)/female (2004 est.) |
| Suffrage | 18 years of age; universal | 18 years of age; universal |
| Telephone system | general assessment: NA
domestic: NA international: 1 submarine coaxial cable; satellite earth station - 1 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 | 19,000 (1995) | 190,700 (2003) |
| Telephones - mobile cellular | 2,534 (1995) | 279,100 (2003) |
| Television broadcast stations | 1 with cable system | 14 (plus 156 low-power repeaters) (1997) |
| Terrain | low-lying limestone base surrounded by coral reefs | mostly plateau interspersed with mountain peaks, icefields; coast deeply indented by bays and fiords |
| Total fertility rate | 2.03 children born/woman (2002 est.) | 1.93 children born/woman (2004 est.) |
| Unemployment rate | 4.1% (1997) | 3.4% (2003 est.) |
| Waterways | none | - |
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