Compare Faroe Islands (2002) - British Virgin Islands (2007)

Compare Faroe Islands (2002) z British Virgin Islands (2007)

	Faroe Islands (2002)	British Virgin Islands (2007)

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	none (overseas territory of the UK)
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: 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.)
Agriculture - products	milk, potatoes, vegetables; sheep; salmon, other fish	fruits, vegetables; livestock, poultry; fish
Airports	1 (2001)	3 (2007)
Airports - with paved runways	total: 1 914 to 1,523 m: 1 (2002)	total: 2 914 to 1,523 m: 1 under 914 m: 1 (2007)
Airports - with unpaved runways	-	total: 1 914 to 1,523 m: 1 (2007)
Area	total: 1,399 sq km land: 1,399 sq km water: 0 sq km (some lakes and streams)	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
Area - comparative	eight times the size of Washington, DC	about 0.9 times the size of Washington, DC
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.	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.
Birth rate	13.74 births/1,000 population (2002 est.)	14.82 births/1,000 population (2007 est.)
Budget	revenues: $488 million expenditures: $484 million, including capital expenditures of $21 million (1999)	revenues: $204.7 million expenditures: $180.4 million (2004)
Capital	Torshavn	name: Road Town geographic coordinates: 18 27 N, 64 37 W time difference: UTC-4 (1 hour ahead of Washington, DC during Standard Time)
Climate	mild winters, cool summers; usually overcast; foggy, windy	subtropical; humid; temperatures moderated by trade winds
Coastline	1,117 km	80 km
Constitution	5 June 1953 (Danish constitution)	13 June 2007
Country name	conventional long form: none conventional short form: Faroe Islands local long form: none local short form: Foroyar	conventional long form: none conventional short form: British Virgin Islands abbreviation: BVI
Currency	Danish krone (DKK)	-
Death rate	8.69 deaths/1,000 population (2002 est.)	4.42 deaths/1,000 population (2007 est.)
Debt - external	$64 million (1999)	$36.1 million (1997)
Dependency status	part of the Kingdom of Denmark; self-governing overseas administrative division of Denmark since 1948	overseas territory of the UK; internal self-governing
Diplomatic representation from the US	none (self-governing overseas administrative division of Denmark)	none (overseas territory of the UK)
Diplomatic representation in the US	none (self-governing overseas administrative division of Denmark)	none (overseas territory of the UK)
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	none
Economic aid - recipient	$135 million (annual subsidy from Denmark) (1999)	$NA
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 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.
Electricity - consumption	153.45 million kWh (2000)	41.85 million kWh (2005)
Electricity - exports	0 kWh (2000)	0 kWh (2005)
Electricity - imports	0 kWh (2000)	0 kWh (2005)
Electricity - production	165 million kWh (2000)	45 million kWh (2005)
Electricity - production by source	fossil fuel: 61% hydro: 39% nuclear: 0% other: 0% (2000)	-
Elevation extremes	lowest point: Atlantic Ocean 0 m highest point: Slaettaratindur 882 m	lowest point: Caribbean Sea 0 m highest point: Mount Sage 521 m
Environment - current issues	NA	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)
Ethnic groups	Scandinavian	black 83%, other 17% (includes white, Indian, Asian and mixed)
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)	the US dollar is used
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 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
Exports	$471 million f.o.b. (1999)	NA bbl/day
Exports - commodities	fish and fish products 94%, stamps, ships (1999)	rum, fresh fish, fruits, animals; gravel, sand
Exports - partners	Denmark 32%, UK 21%, France 9%, Germany 7%, Iceland 5%, US 5% (1996)	Virgin Islands (US), Puerto Rico, US (2006)
Fiscal year	calendar year	1 April - 31 March
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)	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)
GDP	purchasing power parity - $910 million (2000 est.)	-
GDP - composition by sector	agriculture: 27% industry: 11% services: 62% (1999)	agriculture: 1.8% industry: 6.2% services: 92% (1996 est.)
GDP - per capita	purchasing power parity - $20,000 (2000 est.)	-
GDP - real growth rate	5% (2000 est.)	1% (2002 est.)
Geographic coordinates	62 00 N, 7 00 W	18 30 N, 64 30 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	strong ties to nearby US Virgin Islands and Puerto Rico
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	-	transshipment point for South American narcotics destined for the US and Europe; large offshore financial center makes it vulnerable to money laundering
Imports	$469 million c.i.f. (1999)	NA bbl/day
Imports - commodities	machinery and transport equipment 29%, consumer goods 36%, raw materials and semi-manufactures 32%, fuels, fish and salt (1999)	building materials, automobiles, foodstuffs, machinery
Imports - partners	Denmark 28%, Norway 26%, Germany 7%, UK 6% Sweden 5%, Iceland 4%, US (1999)	Virgin Islands (US), Puerto Rico, US (2006)
Independence	none (part of the Kingdom of Denmark; self-governing overseas administrative division of Denmark)	none (overseas territory of the UK)
Industrial production growth rate	8% (1999 est.)	NA%
Industries	fishing, fish processing, shipbuilding, construction, handicrafts	tourism, light industry, construction, rum, concrete block, offshore financial center
Infant mortality rate	6.66 deaths/1,000 live births (2002 est.)	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.)
Inflation rate (consumer prices)	5.1% (1999)	2% (2005)
International organization participation	NC, NIB	Caricom (associate), CDB, Interpol (subbureau), IOC, OECS (associate), UNESCO (associate), UPU
Internet Service Providers (ISPs)	2 (2000)	-
Irrigated land	0 sq km (1998 est.)	NA
Judicial branch	none	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
Labor force	24,250 (October 2000 )	12,770 (2004)
Labor force - by occupation	fishing, fish processing, and manufacturing 33%, construction and private services 33%, public services 34%	agriculture: 0.6% industry: 40% services: 59.4% (2005)
Land boundaries	0 km	0 km
Land use	arable land: 2.14% permanent crops: 0% other: 97.86% (1998 est.)	arable land: 20% permanent crops: 6.67% other: 73.33% (2005)
Languages	Faroese (derived from Old Norse), Danish	English (official)
Legal system	Danish	English 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	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
Life expectancy at birth	total population: 78.74 years male: 75.28 years female: 82.21 years (2002 est.)	total population: 76.86 years male: 75.71 years female: 78.07 years (2007 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: 97.8% (1991 est.) male: NA% female: NA%
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, between the Caribbean Sea and the North Atlantic Ocean, east of Puerto Rico
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	territorial sea: 3 nm exclusive fishing zone: 200 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.)	-
Military - note	defense is the responsibility of Denmark	defense is the responsibility of the UK
Military branches	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	Olaifest, 29 July	Territory Day, 1 July (1956)
Nationality	noun: Faroese (singular and plural) adjective: Faroese	noun: British Virgin Islander(s) adjective: British Virgin Islander
Natural hazards	NA	hurricanes and tropical storms (July to October)
Natural resources	fish, whales, hydropower	NEGL
Net migration rate	2.39 migrant(s)/1,000 population (2002 est.)	8.83 migrant(s)/1,000 population (2007 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]	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]
Political pressure groups and leaders	NA	NA
Population	46,011 (July 2002 est.)	23,552 (July 2007 est.)
Population below poverty line	NA%	NA%
Population growth rate	0.74% (2002 est.)	1.923% (2007 est.)
Ports and harbors	Torshavn, Klaksvik, Tvoroyri, Runavik, Fuglafjordhur	-
Radio broadcast stations	AM 1, FM 13, shortwave 0 (1998)	AM 1, FM 5, shortwave 0 (2004)
Radios	26,000 (1997)	-
Railways	0 km	-
Religions	Evangelical Lutheran	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)
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: 1.05 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.)
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: 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)
Telephones - main lines in use	24,851 (1999)	11,700 (2002)
Telephones - mobile cellular	10,761 (1999)	8,000 (2002)
Television broadcast stations	3 (plus 43 low-power repeaters) (September 1995)	1 (plus 1 cable company) (1997)
Terrain	rugged, rocky, some low peaks; cliffs along most of coast	coral islands relatively flat; volcanic islands steep, hilly
Total fertility rate	2.27 children born/woman (2002 est.)	1.72 children born/woman (2007 est.)
Unemployment rate	1% (October 2000 )	3.6% (1997)
Waterways	none	-

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