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Compare Faroe Islands (2002) - Bahamas, The (2003)

Compare Faroe Islands (2002) z Bahamas, The (2003)

 Faroe Islands (2002)Bahamas, The (2003)
 Faroe IslandsBahamas, The
Administrative divisions 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 21 districts; Acklins and Crooked Islands, Bimini, Cat Island, Exuma, Freeport, Fresh Creek, Governor's Harbour, Green Turtle Cay, Harbour Island, High Rock, Inagua, Kemps Bay, Long Island, Marsh Harbour, Mayaguana, New Providence, Nichollstown and Berry Islands, Ragged Island, Rock Sound, Sandy Point, San Salvador and Rum Cay
Age structure 0-14 years: 22.3% (male 5,149; female 5,110)


15-64 years: 64% (male 15,650; female 13,801)


65 years and over: 13.7% (male 2,818; female 3,483) (2002 est.)
0-14 years: 28.8% (male 42,799; female 42,730)


15-64 years: 65.4% (male 95,718; female 98,875)


65 years and over: 5.8% (male 7,092; female 10,263) (2003 est.)
Agriculture - products milk, potatoes, vegetables; sheep; salmon, other fish citrus, vegetables; poultry
Airports 1 (2001) 64 (2002)
Airports - with paved runways total: 1


914 to 1,523 m: 1 (2002)
total: 30


over 3,047 m: 2


2,438 to 3,047 m: 3


1,524 to 2,437 m: 12


914 to 1,523 m: 11


under 914 m: 2 (2002)
Airports - with unpaved runways - total: 34


1,524 to 2,437 m: 3


914 to 1,523 m: 9


under 914 m: 22 (2002)
Area total: 1,399 sq km


land: 1,399 sq km


water: 0 sq km (some lakes and streams)
total: 13,940 sq km


land: 10,070 sq km


water: 3,870 sq km
Area - comparative eight times the size of Washington, DC slightly smaller than Connecticut
Background 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. Arawak Indians inhabited the islands when Christopher Columbus first set foot in the New World on San Salvador in 1492. British settlement of the islands began in 1647; the islands became a colony in 1783. Since attaining independence from the UK in 1973, The Bahamas have prospered through tourism and international banking and investment management. Because of its geography, the country is a major transshipment point for illegal drugs, particularly shipments to the US, and its territory is used for smuggling illegal migrants into the US.
Birth rate 13.74 births/1,000 population (2002 est.) 18.57 births/1,000 population (2003 est.)
Budget revenues: $488 million


expenditures: $484 million, including capital expenditures of $21 million (1999)
revenues: $918.5 million


expenditures: $956.5 million, including capital expenditures of $106.7 million (FY 99/00)
Capital Torshavn Nassau
Climate mild winters, cool summers; usually overcast; foggy, windy tropical marine; moderated by warm waters of Gulf Stream
Coastline 1,117 km 3,542 km
Constitution 5 June 1953 (Danish constitution) 10 July 1973
Country name conventional long form: none


conventional short form: Faroe Islands


local long form: none


local short form: Foroyar
conventional long form: Commonwealth of The Bahamas


conventional short form: The Bahamas
Currency Danish krone (DKK) Bahamian dollar (BSD)
Death rate 8.69 deaths/1,000 population (2002 est.) 8.68 deaths/1,000 population (2003 est.)
Debt - external $64 million (1999) $371.6 million (2001)
Dependency status part of the Kingdom of Denmark; self-governing overseas administrative division of Denmark since 1948 -
Diplomatic representation from the US none (self-governing overseas administrative division of Denmark) chief of mission: Ambassador (vacant); Charge d'Affairs Robert M. WITAJEWSKI


embassy: 42 Queen Street, Nassau


mailing address: local or express mail address: P. O. Box N-8197, Nassau; Department of State, 3370 Nassau Place, Washington, DC 20521-3370


telephone: [1] (242) 322-1181, 328-2206 (after hours)


FAX: [1] (242) 356-0222
Diplomatic representation in the US none (self-governing overseas administrative division of Denmark) chief of mission: Ambassador Joshua SEARS


chancery: 2220 Massachusetts Avenue NW, Washington, DC 20008


telephone: [1] (202) 319-2660


FAX: [1] (202) 319-2668


consulate(s) general: Miami and New York
Disputes - international 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 have not been able to agree on a maritime boundary with the US
Economic aid - recipient $135 million (annual subsidy from Denmark) (1999) $9.8 million (1995)
Economy - overview 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 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. The Bahamas is a stable, developing nation with an economy heavily dependent on tourism and offshore banking. Tourism alone accounts for more than 60% of GDP and directly or indirectly employs half of the archipelago's labor force. Steady growth in tourism receipts and a boom in construction of new hotels, resorts, and residences had led to solid GDP growth in recent years, but the slowdown in the US economy and the attacks of 11 September 2001 held back growth in these sectors in 2002. Manufacturing and agriculture together contribute approximately a tenth of GDP and show little growth, despite government incentives aimed at those sectors. Overall growth prospects in the short run rest heavily on the fortunes of the tourism sector, which depends on growth in the US, the source of most of the visitors.
Electricity - consumption 153.45 million kWh (2000) 1.451 billion kWh (2001)
Electricity - exports 0 kWh (2000) 0 kWh (2001)
Electricity - imports 0 kWh (2000) 0 kWh (2001)
Electricity - production 165 million kWh (2000) 1.56 billion kWh (2001)
Electricity - production by source fossil fuel: 61%


hydro: 39%


nuclear: 0%


other: 0% (2000)
fossil fuel: 100%


hydro: 0%


nuclear: 0%


other: 0% (2001)
Elevation extremes lowest point: Atlantic Ocean 0 m


highest point: Slaettaratindur 882 m
lowest point: Atlantic Ocean 0 m


highest point: Mount Alvernia, on Cat Island 63 m
Environment - current issues NA coral reef decay; solid waste disposal
Environment - international agreements - party to: Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Desertification, Endangered Species, Hazardous Wastes, Law of the Sea, Nuclear Test Ban, Ozone Layer Protection, Ship Pollution, Wetlands


signed, but not ratified: none of the selected agreements
Ethnic groups Scandinavian black 85%, white 12%, Asian and Hispanic 3%
Exchange rates Danish kroner per US dollar - 8.418 (January 2002), 8.323 (2001), 8.083 (2000), 6.976 (1999), 6.701 (1998), 6.604 (1997) Bahamian dollars per US dollar - 1 (2002), 1 (2001), 1 (2000), 1 (1999), 1 (1998)
Executive branch 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 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
chief of state: Queen ELIZABETH II (since 6 February 1952), represented by Governor General Ivy DUMONT (since NA May 2002)


head of government: Prime Minister Perry CHRISTIE (since 3 May 2002) and Deputy Prime Minister Cynthia PRATT (since 7 May 2002)


cabinet: Cabinet appointed by the governor general on the prime minister's recommendation


elections: none; the monarch is hereditary; governor general appointed by the monarch; following legislative elections, the leader of the majority party or the leader of the majority coalition is usually appointed prime minister by the governor general; the prime minister recommends the deputy prime minister
Exports $471 million f.o.b. (1999) NA (2001)
Exports - commodities fish and fish products 94%, stamps, ships (1999) fish and crawfish; rum, salt, chemicals; fruit and vegetables
Exports - partners Denmark 32%, UK 21%, France 9%, Germany 7%, Iceland 5%, US 5% (1996) US 39.1%, Germany 15.4%, Spain 10.8%, France 7.4%, Poland 4.6%, Switzerland 4.3% (2002)
Fiscal year calendar year 1 July - 30 June
Flag description 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) three equal horizontal bands of aquamarine (top), gold, and aquamarine, with a black equilateral triangle based on the hoist side
GDP purchasing power parity - $910 million (2000 est.) purchasing power parity - $4.59 billion (2002 est.)
GDP - composition by sector agriculture: 27%


industry: 11%


services: 62% (1999)
agriculture: 3%


industry: 7%


services: 90% (1999 est.)
GDP - per capita purchasing power parity - $20,000 (2000 est.) purchasing power parity - $15,300 (2002 est.)
GDP - real growth rate 5% (2000 est.) 0.1% (2002 est.)
Geographic coordinates 62 00 N, 7 00 W 24 15 N, 76 00 W
Geography - note 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 strategic location adjacent to US and Cuba; extensive island chain of which 30 are inhabited
Heliports - 1 (2002)
Highways total: 463 km


paved: 454 km


unpaved: 9 km (1999)
total: 2,693 km


paved: 1,546 km


unpaved: 1,147 km (1999 est.)
Household income or consumption by percentage share lowest 10%: NA%


highest 10%: NA%
lowest 10%: NA%


highest 10%: NA%
Illicit drugs - transshipment point for cocaine and marijuana bound for US and Europe; offshore financial center
Imports $469 million c.i.f. (1999) NA (2001)
Imports - commodities machinery and transport equipment 29%, consumer goods 36%, raw materials and semi-manufactures 32%, fuels, fish and salt (1999) machinery and transport equipment, manufactures, chemicals, mineral fuels; food and live animals
Imports - partners Denmark 28%, Norway 26%, Germany 7%, UK 6% Sweden 5%, Iceland 4%, US (1999) US 20.3%, South Korea 20.1%, Germany 11.5%, Norway 11.5%, Japan 10%, Italy 7.2% (2002)
Independence none (part of the Kingdom of Denmark; self-governing overseas administrative division of Denmark) 10 July 1973 (from UK)
Industrial production growth rate 8% (1999 est.) NA%
Industries fishing, fish processing, shipbuilding, construction, handicrafts tourism, banking, e-commerce, cement, oil refining and transshipment, salt, rum, aragonite, pharmaceuticals, spiral-welded steel pipe
Infant mortality rate 6.66 deaths/1,000 live births (2002 est.) total: 26.21 deaths/1,000 live births


male: 32.45 deaths/1,000 live births


female: 19.83 deaths/1,000 live births (2003 est.)
Inflation rate (consumer prices) 5.1% (1999) 1.8% (2001 est.)
International organization participation NC, NIB ACP, C, Caricom, CDB, ECLAC, FAO, G-77, IADB, IBRD, ICAO, ICCt (signatory), ICFTU, ICRM, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, ITU, LAES, NAM, OAS, OPANAL, OPCW (signatory), UN, UNCTAD, UNESCO, UNIDO, UPU, WCO, WHO, WIPO, WMO, WTrO (observer)
Internet Service Providers (ISPs) 2 (2000) 19 (2000)
Irrigated land 0 sq km (1998 est.) NA sq km
Judicial branch none Supreme Court; Court of Appeal; magistrates courts
Labor force 24,250 (October 2000 ) 156,000 (1999)
Labor force - by occupation fishing, fish processing, and manufacturing 33%, construction and private services 33%, public services 34% tourism 50%, other services 40%, industry 5%, agriculture 5% (1999 est.)
Land boundaries 0 km 0 km
Land use arable land: 2.14%


permanent crops: 0%


other: 97.86% (1998 est.)
arable land: 0.6%


permanent crops: 0.4%


other: 99% (1998 est.)
Languages Faroese (derived from Old Norse), Danish English (official), Creole (among Haitian immigrants)
Legal system Danish based on English common law
Legislative branch 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% Independence Party 4.4%, Center Party 4.2%; seats by party - Union Party 8, Republican Party 8, Social Democrats 7, People's Party 7, Independence 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
bicameral Parliament consists of the Senate (16-member body appointed by the governor general upon the advice of the prime minister and the opposition leader for five-year terms) and the House of Assembly (40 seats; members elected by direct popular vote to serve five-year terms)


elections: last held 1 May 2002 (next to be held by May 2007)


election results: percent of vote by party - PLP 50.8%, FNM 41.1%, independents 5.2%; seats by party - PLP 29, FNM 7, independents 4
Life expectancy at birth total population: 78.74 years


male: 75.28 years


female: 82.21 years (2002 est.)
total population: 65.71 years


male: 62.3 years


female: 69.18 years (2003 est.)
Literacy definition: NA


total population: NA%


male: NA%


female: NA%


note: similar to Denmark proper
definition: age 15 and over can read and write


total population: 95.6%


male: 94.7%


female: 96.5% (2003 est.)
Location Northern Europe, island group between the Norwegian Sea and the North Atlantic Ocean, about one-half of the way from Iceland to Norway Caribbean, chain of islands in the North Atlantic Ocean, southeast of Florida, northeast of Cuba
Map references Europe Central America and the Caribbean
Maritime claims 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
exclusive economic zone: 200 NM


territorial sea: 12 NM
Merchant marine total: 7 ships (1,000 GRT or over) totaling 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.)
total: 1,090 ships (1,000 GRT or over) 33,065,778 GRT/46,202,085 DWT


ships by type: bulk 150, cargo 223, chemical tanker 45, combination bulk 12, combination ore/oil 18, container 108, liquefied gas 26, livestock carrier 2, multi-functional large-load carrier 8, passenger 102, passenger/cargo 1, petroleum tanker 178, refrigerated cargo 135, roll on/roll off 40, short-sea passenger 17, specialized tanker 2, vehicle carrier 23


note: includes some foreign-owned ships registered here as a flag of convenience: Angola 1, Argentina 1, Australia 4, Belgium 18, Bermuda 1, Canada 5, Chile 1, China 3, Croatia 2, Cuba 3, Cyprus 2, Denmark 27, Ecuador 1, Estonia 2, Finland 9, France 15, Germany 26, Greece 173, Hong Kong 6, India 2, Indonesia 2, Ireland 1, Israel 3, Italy 9, Jamaica 1, Japan 32, Kenya 3, Malaysia 10, Malta 2, Monaco 67, Netherlands 32, New Zealand 2, Norway 237, Panama 2, Philippines 3, Poland 13, Reunion 1, Russia 6, Saudi Arabia 9, Singapore 13, Slovenia 1, South Korea 2, Spain 7, Sweden 12, Switzerland 8, Thailand 1, Trinidad and Tobago 2, Turkey 2, Ukraine 2, United Arab Emirates 10, United Kingdom 107, United States 159, Uruguay 1 (2002 est.)
Military - note defense is the responsibility of Denmark -
Military branches no regular indigenous military forces; small Police Force and Coast Guard are maintained Royal Bahamas Defense Force (Coast Guard only), Royal Bahamas Police Force
Military expenditures - dollar figure $NA $20 million (FY95/96)
Military expenditures - percent of GDP NA% 0.7% (FY99)
National holiday Olaifest, 29 July Independence Day, 10 July (1973)
Nationality noun: Faroese (singular and plural)


adjective: Faroese
noun: Bahamian(s)


adjective: Bahamian
Natural hazards NA hurricanes and other tropical storms cause extensive flood and wind damage
Natural resources fish, whales, hydropower salt, aragonite, timber, arable land
Net migration rate 2.39 migrant(s)/1,000 population (2002 est.) -2.21 migrant(s)/1,000 population (2003 est.)
Political parties and leaders Center Party [Tordur NICALSEN]; Home Rule Party [Helena Dam a NEYSTABO]; Independence Party [leader NA]; People's Party [Oli BRECKMANN]; Republican Party [Finnabogi ISAKSON]; Social Democratic Party [Joannes EIDESGAARD]; Union Party [Edmund JOENSEN] Free National Movement or FNM [Tommy TURNQUEST]; Progressive Liberal Party or PLP [Perry CHRISTIE]
Political pressure groups and leaders NA NA
Population 46,011 (July 2002 est.) 297,477


note: estimates for this country explicitly take into account the effects of excess mortality due to AIDS; this can result in lower life expectancy, higher infant mortality and death rates, lower population and growth rates, and changes in the distribution of population by age and sex than would otherwise be expected (July 2003 est.)
Population below poverty line NA% NA%
Population growth rate 0.74% (2002 est.) 0.77% (2003 est.)
Ports and harbors Torshavn, Klaksvik, Tvoroyri, Runavik, Fuglafjordhur Freeport, Matthew Town, Nassau
Radio broadcast stations AM 1, FM 13, shortwave 0 (1998) AM 3, FM 4, shortwave 0 (1998)
Radios 26,000 (1997) -
Railways 0 km 0 km
Religions Evangelical Lutheran Baptist 32%, Anglican 20%, Roman Catholic 19%, Methodist 6%, Church of God 6%, other Protestant 12%, none or unknown 3%, other 2%
Sex ratio 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: 1.06 male(s)/female (2002 est.)
at birth: 1.02 male(s)/female


under 15 years: 1 male(s)/female


15-64 years: 0.97 male(s)/female


65 years and over: 0.69 male(s)/female


total population: 0.96 male(s)/female (2003 est.)
Suffrage 18 years of age; universal 18 years of age; universal
Telephone system 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
general assessment: modern facilities


domestic: totally automatic system; highly developed


international: tropospheric scatter and submarine cable to Florida; 3 coaxial submarine cables; satellite earth station - 1 Intelsat (Atlantic Ocean) (1997)
Telephones - main lines in use 24,851 (1999) 96,000 (1997)
Telephones - mobile cellular 10,761 (1999) 6,152 (1997)
Television broadcast stations 3 (plus 43 low-power repeaters) (September 1995) 1 (1997)
Terrain rugged, rocky, some low peaks; cliffs along most of coast long, flat coral formations with some low rounded hills
Total fertility rate 2.27 children born/woman (2002 est.) 2.25 children born/woman (2003 est.)
Unemployment rate 1% (October 2000 ) 6.9% (2001 est.)
Waterways none none
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