Compare Cayman Islands (2007) - Faroe Islands (2003)

Compare Cayman Islands (2007) z Faroe Islands (2003)

	Cayman Islands (2007)	Faroe Islands (2003)

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 49 municipalities
Age structure	0-14 years: 20.3% (male 4,746/female 4,730) 15-64 years: 71% (male 16,135/female 16,964) 65 years and over: 8.6% (male 1,892/female 2,133) (2007 est.)	0-14 years: 22% (male 5,103; female 5,077) 15-64 years: 64.4% (male 15,822; female 14,002) 65 years and over: 13.7% (male 2,842; female 3,499) (2003 est.)
Agriculture - products	vegetables, fruit; livestock; turtle farming	milk, potatoes, vegetables; sheep; salmon, other fish
Airports	3 (2007)	1 (2002)
Airports - with paved runways	total: 2 1,524 to 2,437 m: 2 (2007)	total: 1 914 to 1,523 m: 1 (2002)
Airports - with unpaved runways	total: 1 914 to 1,523 m: 1 (2007)	-
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, and were administered by Jamaica after 1863. In 1959, the islands became a territory within the Federation of the West Indies, but when the Federation dissolved in 1962, the Cayman Islands chose to remain a British dependency.	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	12.6 births/1,000 population (2007 est.)	13.81 births/1,000 population (2003 est.)
Budget	revenues: $423.8 million expenditures: $392.6 million (2004)	revenues: $488 million expenditures: $484 million, including capital expenditures of $21 million (1999)
Capital	name: George Town (on Grand Cayman) geographic coordinates: 19 18 N, 81 23 W time difference: UTC-5 (same time as Washington, DC during Standard Time)	Torshavn
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 1962, 1972, and 1994	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	-	Danish krone (DKK)
Death rate	4.98 deaths/1,000 population (2007 est.)	8.7 deaths/1,000 population (2003 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	Faroese are considering proposals for full independence; Denmark dispute with Iceland over the Faroe Islands fisheries median line boundary of 200 NM; Denmark disputes with Iceland, the UK, and Ireland over the Faroe Islands continental shelf boundary outside 200 NM
Economic aid - recipient	$390,000 (2004)	$55 million (annual subsidy from Denmark)
Economy - overview	With no direct taxation, the islands are a thriving offshore financial center. More than 68,000 companies were registered in the Cayman Islands as of 2003, including almost 500 banks, 800 insurers, and 5,000 mutual funds. 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 2.1 million in 2003, with about half 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 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 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 lessen dependence on 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	372 million kWh (2005)	149.1 million kWh (2001)
Electricity - exports	0 kWh (2005)	0 kWh (2001)
Electricity - imports	0 kWh (2005)	0 kWh (2001)
Electricity - production	400 million kWh (2005)	160.4 million kWh (2001)
Electricity - production by source	-	fossil fuel: 62.4% hydro: 37.6% nuclear: 0% other: 0% (2001)
Elevation extremes	lowest point: Caribbean Sea 0 m highest point: The Bluff (Cayman Brac) 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
Ethnic groups	mixed 40%, white 20%, black 20%, expatriates of various ethnic groups 20%	Scandinavian
Exchange rates	Caymanian dollars per US dollar - 0.8496 (2006)	Danish kroner per US dollar - 7.89 (2002), 8.32 (2001), 8.08 (2000), 6.98 (1999), 6.7 (1998)
Executive branch	chief of state: Queen ELIZABETH II (since 6 February 1952); represented by Governor Stuart JACK (since 23 November 2005) head of government: Leader of Government Business Kurt TIBBETTS (since 18 May 2005) 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; following legislative elections, the leader of the majority party or coalition is appointed by the governor Leader of Government Business	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 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 majority party or the leader of the majority coalition is usually elected prime minister by the Faroese Parliament; election last held 30 April 2002 (next to be held no later than April 2006) election results: Anfinn KALLSBERG elected prime minister; percent of parliamentary vote - 52.8% note: coalition of People's Party, Republican Party, Home Rule Party, and Center Party
Exports	NA bbl/day	NA (2001)
Exports - commodities	turtle products, manufactured consumer goods	fish and fish products 94%, stamps, ships (1999)
Exports - partners	mostly US (2006)	Denmark 39.9%, UK 32.1%, Norway 7.4%, Netherlands 6.1% (2002)
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 billion (2001 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 - $22,000 (2001 est.)
GDP - real growth rate	0.9% (2004 est.)	10% (2001 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: 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	offshore financial center; vulnerable to drug transshipment to the US and Europe	-
Imports	NA bbl/day	NA (2001)
Imports - commodities	foodstuffs, manufactured goods	machinery and transport equipment 29%, consumer goods 36%, raw materials and semi-manufactures 32%, fuels, fish and salt (1999)
Imports - partners	US, Netherlands Antilles, Japan (2006)	Denmark 53.8%, Norway 24.2%, Iceland 5.7% (2002)
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, shipbuilding, construction, handicrafts
Infant mortality rate	total: 7.8 deaths/1,000 live births male: 8.94 deaths/1,000 live births female: 6.65 deaths/1,000 live births (2007 est.)	total: 6.52 deaths/1,000 live births male: 7.9 deaths/1,000 live births female: 5.13 deaths/1,000 live births (2003 est.)
Inflation rate (consumer prices)	4.4% (2004)	5.1% (1999)
International organization participation	Caricom (associate), CDB, Interpol (subbureau), IOC, UNESCO (associate), UPU	IMO (associate), NC, NIB
Internet Service Providers (ISPs)	-	2 (2000)
Irrigated land	NA	0 sq km (1998 est.)
Judicial branch	Summary Court; Grand Court; Cayman Islands Court of Appeal	none
Labor force	23,450 (2004)	24,250 (October 2000)
Labor force - by occupation	agriculture: 1.4% industry: 12.6% services: 86% (1995)	fishing, fish processing, and manufacturing 33%, construction and private services 33%, public services 34%
Land boundaries	0 km	0 km
Land use	arable land: 3.85% permanent crops: 0% other: 96.15% (2005)	arable land: 2.14% permanent crops: 0% other: 97.86% (1998 est.)
Languages	English	Faroese (derived from Old Norse), Danish
Legal system	British common law and local statutes	Danish
Legislative branch	unicameral Legislative Assembly (18 seats; 3 appointed members from the Executive Council and 15 elected by popular vote; to serve four-year terms) elections: last held 11 May 2005 (next to be held in 2009) election results: percent of vote by party - NA; seats by party - PPM 9, UDP 5, 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 2002 (next to be held no later than April 2006) election results: percent of vote by party - Union Party 26%, Republican Party 23.7%, Social Democrats 20.9%, People's Party 20.8% Home Rule Party 4.4%, Center Party 4.2%; seats by party - Union Party 8, Republican Party 8, Social Democrats 7, People's Party 7, Home Rule Party 1, Center Party 1 note: election of 2 seats to the Danish Parliament was last held on 20 November 2001 (next to be held no later than November 2005); results - percent of vote by party - NA; seats by party - Republican Party 1, Union Party 1
Life expectancy at birth	total population: 80.2 years male: 77.57 years female: 82.87 years (2007 est.)	total population: 78.9 years male: 75.44 years female: 82.36 years (2003 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: similar to Denmark proper
Location	Caribbean, three island (Grand Cayman, Cayman Brac, Little Cayman) group in Caribbean Sea, 240 km south of Cuba and 268 km northwest of Jamaica	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: 12 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: 124 ships (1000 GRT or over) 2,953,923 GRT/4,597,716 DWT by type: bulk carrier 33, cargo 11, chemical tanker 41, liquefied gas 1, passenger 1, petroleum tanker 17, refrigerated cargo 13, roll on/roll off 3, vehicle carrier 4 foreign-owned: 122 (Denmark 3, Germany 17, Greece 23, Italy 10, Japan 6, Norway 2, Singapore 10, Sweden 1, UK 9, US 41) (2007)	total: 7 ships (1,000 GRT or over) 100,951 GRT/139,396 DWT ships by type: cargo 2, petroleum tanker 2, refrigerated cargo 1, roll on/roll off 1, short-sea passenger 1 note: includes some foreign-owned ships registered here as a flag of convenience: Denmark 3, Norway 1, United Kingdom 1 (2002 est.)
Military - note	defense is the responsibility of the UK	defense is the responsibility of Denmark
Military branches	no regular military forces; Royal Cayman Islands Police Force	no regular indigenous military forces; small Police Force and Coast Guard are maintained
Military expenditures - dollar figure	-	$NA
Military expenditures - percent of GDP	-	NA%
National holiday	Constitution Day, first Monday in July	Olaifest, 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
Net migration rate	17.34 migrant(s)/1,000 population note: major destination for Cubans trying to migrate to the US (2007 est.)	1.9 migrant(s)/1,000 population (2003 est.)
Political parties and leaders	United Democratic Party or UDP [McKeeva BUSH]; People's Progressive Movement or PPM [Kurt TIBBETTS]; note - no national teams (loose groupings of political organizations) were formed for the 2000 elections	Center Party [Tordur NICLASEN]; Home Rule Party [Helena Dam a NEYSTABO]; People's Party [Oli BRECKMANN]; Republican Party [Finnabogi ISAKSON]; Social Democratic Party [Joannes EIDESGAARD]; Union Party [Edmund JOENSEN]
Political pressure groups and leaders	NA	NA
Population	46,600 note: most of the population lives on Grand Cayman (July 2007 est.)	46,345 (July 2003 est.)
Population below poverty line	NA%	NA%
Population growth rate	2.496% (2007 est.)	0.7% (2003 est.)
Ports and harbors	-	Torshavn, Klaksvik, Tvoroyri, Runavik, Fuglafjordhur
Radio broadcast stations	AM 1, FM 4, shortwave 0 (2004)	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: 1.003 male(s)/female 15-64 years: 0.951 male(s)/female 65 years and over: 0.887 male(s)/female total population: 0.956 male(s)/female (2007 est.)	at birth: 1 male(s)/female under 15 years: 1.01 male(s)/female 15-64 years: 1.13 male(s)/female 65 years and over: 0.81 male(s)/female total population: 1.05 male(s)/female (2003 est.)
Suffrage	18 years of age; universal	18 years of age; universal
Telephone system	general assessment: reasonably good system domestic: liberalization of telecom market in 2003; introduction of competition in the mobile-cellular market in 2004 international: country code - 1-345; landing point for the MAYA-1 submarine telephone cable network that provides links to the US and parts of Central and South America; submarine cable provides connectivity to Jamaica; satellite earth station - 1 Intelsat (Atlantic Ocean) (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	38,000 (2002)	24,851 (1999)
Telephones - mobile cellular	17,000 (2002)	10,761 (1999)
Television broadcast stations	4 with cable system (2004)	3 (plus 43 low-power 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	1.89 children born/woman (2007 est.)	2.24 children born/woman (2003 est.)
Unemployment rate	4.4% (2004)	1% (October 2000)
Waterways	-	none

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