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Compare Cayman Islands (2003) - Faroe Islands (2007)
Compare Cayman Islands (2003) z Faroe Islands (2007)
| Cayman Islands (2003) | Faroe Islands (2007) | |
 |  | |
| Administrative divisions | 8 districts; Creek, Eastern, Midland, South Town, Spot Bay, Stake Bay, West End, Western | 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: 21.6% (male 4,525; female 4,541)
15-64 years: 70.6% (male 14,463; female 15,157) 65 years and over: 7.7% (male 1,515; female 1,733) (2003 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 | vegetables, fruit; livestock, turtle farming | milk, potatoes, vegetables; sheep; salmon, other fish |
| Airports | 3 (2002) | 1 (2007) |
| Airports - with paved runways | total: 2
1,524 to 2,437 m: 2 (2002) |
total: 1
914 to 1,523 m: 1 (2007) |
| Airports - with unpaved runways | total: 1
914 to 1,523 m: 1 (2002) |
- |
| Area | total: 262 sq km
land: 262 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 | 1.5 times the size of Washington, DC | eight times the size of Washington, DC |
| Background | The Cayman Islands were colonized from Jamaica by the British during the 18th and 19th centuries. Administered by Jamaica since 1863, they remained a British dependency after 1962 when the former became independent. | 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 | 13.33 births/1,000 population (2003 est.) | 14.12 births/1,000 population (2007 est.) |
| Budget | revenues: $265.2 million
expenditures: $248.9 million, including capital expenditures of $NA (1997) |
revenues: $588 million
expenditures: $623 million (2005) |
| Capital | George Town | 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 | tropical marine; warm, rainy summers (May to October) and cool, relatively dry winters (November to April) | mild winters, cool summers; usually overcast; foggy, windy |
| Coastline | 160 km | 1,117 km |
| Constitution | 1959, revised 1972 and 1992 | 5 June 1953 (Danish constitution) |
| Country name | conventional long form: none
conventional short form: Cayman Islands |
conventional long form: none
conventional short form: Faroe Islands local long form: none local short form: Foroyar |
| Currency | Caymanian dollar (KYD) | - |
| Death rate | 4.7 deaths/1,000 population (2003 est.) | 8.69 deaths/1,000 population (2007 est.) |
| Debt - external | $70 million (1996) | $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 | 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 | 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. | 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 | 355.2 million kWh (2001) | 269.7 million kWh (2005) |
| Electricity - exports | 0 kWh (2001) | 0 kWh (2005) |
| Electricity - imports | 0 kWh (2001) | 0 kWh (2005) |
| Electricity - production | 381.9 million kWh (2001) | 290 million kWh (2005) |
| Electricity - production by source | fossil fuel: 100%
hydro: 0% nuclear: 0% other: 0% (2001) |
- |
| Elevation extremes | lowest point: Caribbean Sea 0 m
highest point: The Bluff 43 m |
lowest point: Atlantic Ocean 0 m
highest point: Slaettaratindur 882 m |
| Environment - current issues | no natural fresh water resources; drinking water supplies must be met by rainwater catchments | NA |
| Environment - international agreements | - | party to: Marine Dumping -associate member to the London Convention and Ship Pollution |
| Ethnic groups | mixed 40%, white 20%, black 20%, expatriates of various ethnic groups 20% | Scandinavian |
| Exchange rates | Caymanian dollars per US dollar - 0.82 (29 October 2001), 0.83 (3 November 1995), 0.85 (22 November 1993) | 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); 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: 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 (2001) | NA bbl/day |
| Exports - commodities | turtle products, manufactured consumer goods | fish and fish products 94%, stamps, ships (1999) |
| Exports - partners | mostly US | 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 Caymanian coat of arms 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 | 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 - $1.27 billion (2002 est.) | - |
| GDP - composition by sector | agriculture: 1.4%
industry: 3.2% services: 95.4% (1994 est.) |
agriculture: 27%
industry: 11% services: 62% (1999) |
| GDP - per capita | purchasing power parity - $35,000 (2002 est.) | - |
| GDP - real growth rate | 1.7% (2002 est.) | 2.4% (2005 est.) |
| Geographic coordinates | 19 30 N, 80 30 W | 62 00 N, 7 00 W |
| Geography - note | important location between Cuba and Central America | 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: 785 km
paved: 785 km (2000) |
- |
| 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 | NA (2001) | NA bbl/day |
| Imports - commodities | foodstuffs, manufactured goods | consumer goods 36%, raw materials and semi-manufactures 32%, machinery and transport equipment 29%, fuels, fish, salt (1999) |
| Imports - partners | US, Trinidad and Tobago, UK, Netherlands Antilles, Japan | 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, banking, insurance and finance, construction, construction materials, furniture | fishing, fish processing, small ship repair and refurbishment, handicrafts |
| Infant mortality rate | total: 8.64 deaths/1,000 live births
male: 9.9 deaths/1,000 live births female: 7.35 deaths/1,000 live births (2003 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) | 2.8% (2002) | 1.8% (2005) |
| International organization participation | Caricom (associate), CDB, Interpol (subbureau), IOC, UNESCO (associate) | Arctic Council, IMO (associate), NC, NIB, UPU |
| Internet Service Providers (ISPs) | 16 (2000) | - |
| Irrigated land | NA sq km | 0 sq km |
| Judicial branch | Summary Court; Grand Court; Cayman Islands Court of Appeal | none |
| Labor force | 19,820 (1995) | 24,250 (October 2000) |
| Labor force - by occupation | agriculture 1.4%, industry 12.6%, services 86% (1995) | agriculture: 33%
industry: 33% services: 34% (October 2000) |
| Land boundaries | 0 km | 0 km |
| Land use | arable land: 0%
permanent crops: 0% other: 100% (1998 est.) |
arable land: 2.14%
permanent crops: 0% other: 97.86% (2005) |
| Languages | English | Faroese (derived from Old Norse), Danish |
| Legal system | British common law and local statutes | the laws of Denmark, where applicable, apply |
| 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 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: 79.67 years
male: 77.08 years female: 82.3 years (2003 est.) |
total population: 79.49 years
male: 76.06 years female: 82.93 years (2007 est.) |
| Literacy | definition: age 15 and over has ever attended school
total population: 98% male: 98% female: 98% (1970 est.) |
definition: NA
total population: NA% male: NA% female: NA% note: probably 100%, the same as Denmark proper |
| Location | Caribbean, island group in Caribbean Sea, nearly one-half of the way from Cuba to Honduras | 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 | exclusive fishing zone: 200 NM
territorial sea: 12 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: 123 ships (1,000 GRT or over) 2,402,058 GRT/3,792,094 DWT
ships by type: bulk 22, cargo 5, chemical tanker 31, container 2, liquefied gas 1, petroleum tanker 21, refrigerated cargo 35, roll on/roll off 5, 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: 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 indigenous military forces; Royal Cayman Islands Police Force (RCIPF) | no regular military forces |
| Military expenditures - percent of GDP | - | NA |
| National holiday | Constitution Day, first Monday in July | Olaifest (Olavasoka), 29 July |
| Nationality | noun: Caymanian(s)
adjective: Caymanian |
noun: Faroese (singular and plural)
adjective: Faroese |
| Natural hazards | hurricanes (July to November) | NA |
| Natural resources | fish, climate and beaches that foster tourism | fish, whales, hydropower, possible oil and gas |
| Net migration rate | 19.27 migrant(s)/1,000 population
note: major destination for Cubans trying to migrate to the US (2003 est.) |
0 migrant(s)/1,000 population (2007 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] | 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 | 41,934 (July 2003 est.) | 47,511 (July 2007 est.) |
| Population below poverty line | NA% | NA% |
| Population growth rate | 2.79% (2003 est.) | 0.543% (2007 est.) |
| Ports and harbors | Cayman Brac, George Town | - |
| Radio broadcast stations | AM 1, FM 5, shortwave 0 (1998) | AM 1, FM 13, shortwave 0 (1998) |
| Railways | 0 km | - |
| Religions | United Church (Presbyterian and Congregational), Anglican, Baptist, Church of God, other Protestant, Roman Catholic | Evangelical Lutheran |
| Sex ratio | at birth: 1.02 male(s)/female
under 15 years: 1 male(s)/female 15-64 years: 0.95 male(s)/female 65 years and over: 0.87 male(s)/female total population: 0.96 male(s)/female (2003 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: NA
domestic: NA international: 1 submarine coaxial cable; satellite earth station - 1 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 | 19,000 (1995) | 23,000 (2006) |
| Telephones - mobile cellular | 2,534 (1995) | 50,000 (2006) |
| Television broadcast stations | 1 with cable system | 3 (plus 43 repeaters) (September 1995) |
| Terrain | low-lying limestone base surrounded by coral reefs | rugged, rocky, some low peaks; cliffs along most of coast |
| Total fertility rate | 1.91 children born/woman (2003 est.) | 2.15 children born/woman (2007 est.) |
| Unemployment rate | 4.1% (1997) | 2.1% (2006) |
| Waterways | none | - |
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