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Compare Faroe Islands (2004) - Cayman Islands (2004)

Compare Faroe Islands (2004) z Cayman Islands (2004)

 Faroe Islands (2004)Cayman Islands (2004)
 Faroe IslandsCayman Islands
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 8 districts; Creek, Eastern, Midland, South Town, Spot Bay, Stake Bay, West End, Western
Age structure 0-14 years: 21.6% (male 5,056; female 5,041)


15-64 years: 64.6% (male 15,975; female 14,187)


65 years and over: 13.7% (male 2,877; female 3,526) (2004 est.)
0-14 years: 21.4% (male 4,608; female 4,616)


15-64 years: 70.6% (male 14,858; female 15,593)


65 years and over: 8% (male 1,607; female 1,821) (2004 est.)
Agriculture - products milk, potatoes, vegetables; sheep; salmon, other fish vegetables, fruit; livestock, turtle farming
Airports 1 (2003 est.) 3 (2003 est.)
Airports - with paved runways total: 1


914 to 1,523 m: 1 (2004 est.)
total: 2


1,524 to 2,437 m: 2 (2004 est.)
Airports - with unpaved runways - total: 1


914 to 1,523 m: 1 (2004 est.)
Area total: 1,399 sq km


land: 1,399 sq km


water: 0 sq km (some lakes and streams)
total: 262 sq km


land: 262 sq km


water: 0 sq km
Area - comparative eight times the size of Washington, DC 1.5 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. 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.
Birth rate 13.89 births/1,000 population (2004 est.) 13.11 births/1,000 population (2004 est.)
Budget revenues: $488 million


expenditures: $484 million, including capital expenditures of $21 million (1999)
revenues: $265.2 million


expenditures: $248.9 million, including capital expenditures of NA (1997)
Capital Torshavn George Town
Climate mild winters, cool summers; usually overcast; foggy, windy tropical marine; warm, rainy summers (May to October) and cool, relatively dry winters (November to April)
Coastline 1,117 km 160 km
Constitution 5 June 1953 (Danish constitution) 1959, revised 1972 and 1992
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: Cayman Islands
Currency Danish krone (DKK) Caymanian dollar (KYD)
Death rate 8.68 deaths/1,000 population (2004 est.) 4.76 deaths/1,000 population (2004 est.)
Debt - external $64 million (1999) $70 million (1996)
Dependency status part of the Kingdom of Denmark; self-governing overseas administrative division of Denmark since 1948 overseas territory of the UK
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 the Faroe Islands claim extending its continental shelf boundary beyond 200 nm none
Economic aid - recipient $135 million (annual subsidy from Denmark) (1998) NA (1999)
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 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. 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.
Electricity - consumption 149.1 million kWh (2001) 355.2 million kWh (2001)
Electricity - exports 0 kWh (2001) 0 kWh (2001)
Electricity - imports 0 kWh (2001) 0 kWh (2001)
Electricity - production 160.4 million kWh (2001) 381.9 million kWh (2001)
Elevation extremes lowest point: Atlantic Ocean 0 m


highest point: Slaettaratindur 882 m
lowest point: Caribbean Sea 0 m


highest point: The Bluff 43 m
Environment - current issues NA no natural fresh water resources; drinking water supplies must be met by rainwater catchments
Ethnic groups Scandinavian mixed 40%, white 20%, black 20%, expatriates of various ethnic groups 20%
Exchange rates Danish kroner per US dollar - 6.5877 (2003), 7.89 (2002), 8.323 (2001), 8.083 (2000), 6.976 (1999) Caymanian dollars per US dollar - 0.82 (29 October 2001), 0.83 (3 November 1995), 0.85 (22 November 1993)
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 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%


note: coalition of Social Democrats, Union Party, and People's Party
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
Exports NA (2001) NA (2001)
Exports - commodities fish and fish products 94%, stamps, ships (1999) turtle products, manufactured consumer goods
Exports - partners Denmark 36.7%, UK 32.1%, Netherlands 6.1%, Nigeria 5.6%, Norway 5.4% (2003) mostly US
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 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
GDP purchasing power parity - $1 billion (2001 est.) purchasing power parity - $1.27 billion (2002 est.)
GDP - composition by sector agriculture: 27%


industry: 11%


services: 62% (1999)
agriculture: 1.4%


industry: 3.2%


services: 95.4% (1994 est.)
GDP - per capita purchasing power parity - $22,000 (2001 est.) purchasing power parity - $35,000 (2002 est.)
GDP - real growth rate 10% (2001 est.) 1.7% (2002 est.)
Geographic coordinates 62 00 N, 7 00 W 19 30 N, 80 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 important location between Cuba and Central America
Highways total: 463 km


paved: 454 km


unpaved: 9 km (1999)
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 (2001)
Imports - commodities machinery and transport equipment 29%, consumer goods 36%, raw materials and semi-manufactures 32%, fuels, fish and salt (1999) foodstuffs, manufactured goods
Imports - partners Denmark 52.7%, Norway 22.5%, Iceland 4.7%, Germany 4.2%, UK 4% (2003) US, Trinidad and Tobago, UK, Netherlands Antilles, Japan
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, banking, insurance and finance, construction, construction materials, furniture
Infant mortality rate total: 6.38 deaths/1,000 live births


male: 7.72 deaths/1,000 live births


female: 5.03 deaths/1,000 live births (2004 est.)
total: 8.41 deaths/1,000 live births


male: 9.64 deaths/1,000 live births


female: 7.16 deaths/1,000 live births (2004 est.)
Inflation rate (consumer prices) 5.1% (1999) 2.8% (2002)
International organization participation IMO (associate), NC, NIB, UPU Caricom (associate), CDB, Interpol (subbureau), IOC, UNESCO (associate), UPU
Irrigated land 0 sq km (1998 est.) NA sq km
Judicial branch none Summary Court; Grand Court; Cayman Islands Court of Appeal
Labor force 24,250 (October 2000) 19,820 (1995)
Labor force - by occupation fishing, fish processing, and manufacturing 33%, construction and private services 33%, public services 34% agriculture 1.4%, industry 12.6%, services 86% (1995)
Land boundaries 0 km 0 km
Land use arable land: 2.14%


permanent crops: 0%


other: 97.86% (2001)
arable land: 3.85%


permanent crops: 0%


other: 96.15% (2001)
Languages Faroese (derived from Old Norse), Danish English
Legal system Danish British common law and local statutes
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 20 January 2004 (next to be held no later than January 2008)


election results: percent of vote by party - Union Party 23.7%, Social Democrats 21.8%, Republican Party 21.7%, People's Party 20.6%, Center Party 5.2%, Independence Party 4.6%; seats by party - Union Party 7, Social Democrats 7, Republican Party 8, People's Party 7, Center Party 2, Independence Party 1


note: election of 2 seats to the Danish Parliament was last held on 20 November 2001 (next to be held 8 February 2005); results - percent of vote by party - NA; seats by party - Republican Party 1, Union Party 1
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 17 November 2004)


election results: percent of vote - NA; seats - NA
Life expectancy at birth total population: 79.05 years


male: 75.6 years


female: 82.51 years (2004 est.)
total population: 79.81 years


male: 77.21 years


female: 82.45 years (2004 est.)
Literacy definition: NA


total population: NA


male: NA


female: NA


note: probably the same as Denmark proper
definition: age 15 and over has ever attended school


total population: 98%


male: 98%


female: 98% (1970 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, island group in Caribbean Sea, nearly one-half of the way from Cuba to Honduras
Map references Europe Central America and the Caribbean
Maritime claims 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
territorial sea: 12 nm


exclusive fishing zone: 200 nm
Merchant marine total: 7 ships (1,000 GRT or over) 24,051 GRT/11,998 DWT


by type: cargo 3, container 1, petroleum tanker 1, roll on/roll off 1, short-sea/passenger 1


foreign-owned: Denmark 2, Norway 1, United Kingdom 1


registered in other countries: 1 (2004 est.)
total: 137 ships (1,000 GRT or over) 2,827,837 GRT/4,555,974 DWT


by type: bulk 27, cargo 7, chemical tanker 36, container 2, liquefied gas 1, petroleum tanker 25, refrigerated cargo 33, roll on/roll off 4, short-sea/passenger 1, specialized tanker 1


foreign-owned: Germany 9, Greece 25, Hong Kong 3, Italy 14, Norway 4, Singapore 1, Spain 11, Sweden 13, Switzerland 1, United Kingdom 18, United States 43


registered in other countries: 2 (2004 est.)
Military - note defense is the responsibility of Denmark defense is the responsibility of the UK
Military branches no regular military forces no regular military forces; Royal Cayman Islands Police Force
Military expenditures - dollar figure NA -
Military expenditures - percent of GDP NA -
National holiday Olaifest, 29 July Constitution Day, first Monday in July
Nationality noun: Faroese (singular and plural)


adjective: Faroese
noun: Caymanian(s)


adjective: Caymanian
Natural hazards NA hurricanes (July to November)
Natural resources fish, whales, hydropower, possible oil and gas fish, climate and beaches that foster tourism
Net migration rate 1.41 migrant(s)/1,000 population (2004 est.) 18.75 migrant(s)/1,000 population


note: major destination for Cubans trying to migrate to the US (2004 est.)
Political parties and leaders Center Party [Jenis A. RANA]; Independence Party [Helena Dam a NEYSTABO]; People's Party [Anfinn KALLSBERG]; Republican Party [Hogni HOYDAL]; Social Democratic Party [Joannes EIDESGAARD]; Union Party [Lisbeth PETERSEN] no national teams (loose groupings of political organizations) were formed for the 2000 elections; United Democratic Party or UDP [leader McKeeva BUSH]; People's Progressive Movement or PPM [leader Kurt TIBBETTS]
Political pressure groups and leaders NA NA
Population 46,662 (July 2004 est.) 43,103 (July 2004 est.)
Population below poverty line NA NA (2002 est.)
Population growth rate 0.66% (2004 est.) 2.71% (2004 est.)
Ports and harbors Torshavn, Klaksvik, Tvoroyri, Runavik, Fuglafjordhur Cayman Brac, George Town
Radio broadcast stations AM 1, FM 13, shortwave 0 (1998) AM 1, FM 5, shortwave 0 (1998)
Religions Evangelical Lutheran United Church (Presbyterian and Congregational), Anglican, Baptist, Church of God, other Protestant, Roman Catholic
Sex ratio at birth: 1 male(s)/female


under 15 years: 1 male(s)/female


15-64 years: 1.13 male(s)/female


65 years and over: 0.82 male(s)/female


total population: 1.05 male(s)/female (2004 est.)
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: 0.88 male(s)/female


total population: 0.96 male(s)/female (2004 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: 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
general assessment: NA


domestic: NA


international: country code - 1-345; 1 submarine coaxial cable; satellite earth station - 1 Intelsat (Atlantic Ocean)
Telephones - main lines in use 23,000 (2002) 38,000 (2002)
Telephones - mobile cellular 30,700 (2002) 17,000 (2002)
Television broadcast stations 3 (plus 43 low-power repeaters) (September 1995) 1 with cable system
Terrain rugged, rocky, some low peaks; cliffs along most of coast low-lying limestone base surrounded by coral reefs
Total fertility rate 2.22 children born/woman (2004 est.) 1.9 children born/woman (2004 est.)
Unemployment rate 1% (October 2000) 4.1% (1997)
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