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Compare Faroe Islands (2004) - Iceland (2008)
Compare Faroe Islands (2004) z Iceland (2008)
| Faroe Islands (2004) | Iceland (2008) | |
 |  | |
| 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 regions; Austurland, Hofudhborgarsvaedhi, Nordhurland Eystra, Nordhurland Vestra, Sudhurland, Sudhurnes, Vestfirdhir, Vesturland |
| 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 32,759/female 31,845)
15-64 years: 66.8% (male 102,161/female 99,411) 65 years and over: 11.8% (male 16,162/female 19,593) (2007 est.) |
| Agriculture - products | milk, potatoes, vegetables; sheep; salmon, other fish | potatoes, green vegetables; mutton, dairy products; fish |
| Airports | 1 (2003 est.) | 99 (2007) |
| Airports - with paved runways | total: 1
914 to 1,523 m: 1 (2004 est.) |
total: 5
over 3,047 m: 1 1,524 to 2,437 m: 3 914 to 1,523 m: 1 (2007) |
| Airports - with unpaved runways | - | total: 94
1,524 to 2,437 m: 3 914 to 1,523 m: 28 under 914 m: 63 (2007) |
| Area | total: 1,399 sq km
land: 1,399 sq km water: 0 sq km (some lakes and streams) |
total: 103,000 sq km
land: 100,250 sq km water: 2,750 sq km |
| Area - comparative | eight times the size of Washington, DC | slightly smaller than Kentucky |
| 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. | Settled by Norwegian and Celtic (Scottish and Irish) immigrants during the late 9th and 10th centuries A.D., Iceland boasts the world's oldest functioning legislative assembly, the Althing, established in 930. Independent for over 300 years, Iceland was subsequently ruled by Norway and Denmark. Fallout from the Askja volcano of 1875 devastated the Icelandic economy and caused widespread famine. Over the next quarter century, 20% of the island's population emigrated, mostly to Canada and the US. Limited home rule from Denmark was granted in 1874 and complete independence attained in 1944. Literacy, longevity, income, and social cohesion are first-rate by world standards. |
| Birth rate | 13.89 births/1,000 population (2004 est.) | 13.57 births/1,000 population (2007 est.) |
| Budget | revenues: $488 million
expenditures: $484 million, including capital expenditures of $21 million (1999) |
revenues: $9.495 billion
expenditures: $8.432 billion (2007 est.) |
| Capital | Torshavn | name: Reykjavik
geographic coordinates: 64 09 N, 21 57 W time difference: UTC (5 hours ahead of Washington, DC during Standard Time) |
| Climate | mild winters, cool summers; usually overcast; foggy, windy | temperate; moderated by North Atlantic Current; mild, windy winters; damp, cool summers |
| Coastline | 1,117 km | 4,970 km |
| Constitution | 5 June 1953 (Danish constitution) | 16 June 1944, effective 17 June 1944; amended many times |
| Country name | conventional long form: none
conventional short form: Faroe Islands local long form: none local short form: Foroyar |
conventional long form: Republic of Iceland
conventional short form: Iceland local long form: Lydveldid Island local short form: Island |
| Currency | Danish krone (DKK) | - |
| Death rate | 8.68 deaths/1,000 population (2004 est.) | 6.77 deaths/1,000 population (2007 est.) |
| Debt - external | $64 million (1999) | $3.073 billion (2002) |
| 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 Carol VAN VOORST
embassy: Laufasvegur 21, 101 Reykjavik mailing address: US Department of State, 5640 Reykjavik Place, Washington, D.C. 20521-5640 telephone: [354] 562-9100 FAX: [354] 562-9118 |
| Diplomatic representation in the US | none (self-governing overseas administrative division of Denmark) | chief of mission: Ambassador Albert JONSSON
chancery: Suite 1200, 1156 15th Street NW, Washington, DC 20005-1704 telephone: [1] (202) 265-6653 FAX: [1] (202) 265-6656 consulate(s) general: 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 the Faroe Islands claim extending its continental shelf boundary beyond 200 nm | Iceland, the UK, and Ireland dispute Denmark's claim that the Faroe Islands' continental shelf extends beyond 200 nm |
| Economic aid - donor | - | $6.7 million (2004) |
| Economic aid - recipient | $135 million (annual subsidy from Denmark) (1998) | - |
| 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. | Iceland's Scandinavian-type economy is basically capitalistic, yet with an extensive welfare system (including generous housing subsidies), low unemployment, and remarkably even distribution of income. In the absence of other natural resources (except for abundant geothermal power), the economy depends heavily on the fishing industry, which provides nearly 70% of export earnings and employs 6% of the work force. The economy remains sensitive to declining fish stocks as well as to fluctuations in world prices for its main exports: fish and fish products, aluminum, and ferrosilicon. Substantial foreign investment in the aluminum and hydropower sectors has boosted economic growth which, nevertheless, has been volatile and characterized by recurrent imbalances. Government policies include reducing the current account deficit, limiting foreign borrowing, containing inflation, revising agricultural and fishing policies, and diversifying the economy. The government remains opposed to EU membership, primarily because of Icelanders' concern about losing control over their fishing resources. Iceland's economy has been diversifying into manufacturing and service industries in the last decade, and new developments in software production, biotechnology, and financial services are taking place. The tourism sector is also expanding, with the recent trends in ecotourism and whale watching. The 2006 closure of the US military base at Keflavik had very little impact on the national economy; Iceland's low unemployment rate aided former base employees in finding alternate employment. |
| Electricity - consumption | 149.1 million kWh (2001) | 8.152 billion kWh (2005) |
| Electricity - exports | 0 kWh (2001) | 0 kWh (2005) |
| Electricity - imports | 0 kWh (2001) | 0 kWh (2005) |
| Electricity - production | 160.4 million kWh (2001) | 8.533 billion kWh (2005) |
| Elevation extremes | lowest point: Atlantic Ocean 0 m
highest point: Slaettaratindur 882 m |
lowest point: Atlantic Ocean 0 m
highest point: Hvannadalshnukur 2,110 m (at Vatnajokull glacier) |
| Environment - current issues | NA | water pollution from fertilizer runoff; inadequate wastewater treatment |
| Environment - international agreements | - | party to: Air Pollution, Air Pollution-Persistent Organic Pollutants, Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Desertification, Endangered Species, Hazardous Wastes, Kyoto Protocol, Law of the Sea, Marine Dumping, Ozone Layer Protection, Ship Pollution, Transboundary Air Pollution, Wetlands, Whaling
signed, but not ratified: Environmental Modification, Marine Life Conservation |
| Ethnic groups | Scandinavian | homogeneous mixture of descendants of Norse and Celts 94%, population of foreign origin 6% |
| Exchange rates | Danish kroner per US dollar - 6.5877 (2003), 7.89 (2002), 8.323 (2001), 8.083 (2000), 6.976 (1999) | Icelandic kronur per US dollar - 63.391 (2007), 70.195 (2006), 62.982 (2005), 70.192 (2004), 76.709 (2003) |
| 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: President Olafur Ragnar GRIMSSON (since 1 August 1996)
head of government: Prime Minister Geir H. HAARDE (since 7 June 2006) cabinet: Cabinet appointed by the prime minister elections: president, largely a ceremonial post, is elected by popular vote for a four-year term (no term limits); election last held 26 June 2004 (next to be held in June 2008); following legislative elections, the leader of the majority party or the leader of the majority coalition is usually the prime minister election results: Olafur Ragnar GRIMSSON 85.6%, Baldur AGUSTSSON 12.5%, Astthor MAGNUSSON 1.9% |
| Exports | NA (2001) | 0 bbl/day (2004) |
| Exports - commodities | fish and fish products 94%, stamps, ships (1999) | fish and fish products 70%, aluminum, animal products, ferrosilicon, diatomite |
| Exports - partners | Denmark 36.7%, UK 32.1%, Netherlands 6.1%, Nigeria 5.6%, Norway 5.4% (2003) | Netherlands 16.5%, UK 15.7%, Germany 15%, US 10.8%, Spain 6.4% (2006) |
| Fiscal year | calendar year | calendar year |
| 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 a red cross outlined in white extending to the edges of the flag; the vertical part of the cross is shifted to the hoist side in the style of the Dannebrog (Danish flag) |
| GDP | purchasing power parity - $1 billion (2001 est.) | - |
| GDP - composition by sector | agriculture: 27%
industry: 11% services: 62% (1999) |
agriculture: 5.3%
industry: 26.3% services: 68.4% (2007 est.) |
| GDP - per capita | purchasing power parity - $22,000 (2001 est.) | - |
| GDP - real growth rate | 10% (2001 est.) | 1.8% (2007 est.) |
| Geographic coordinates | 62 00 N, 7 00 W | 65 00 N, 18 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 between Greenland and Europe; westernmost European country; Reykjavik is the northernmost national capital in the world; more land covered by glaciers than in all of continental Europe |
| 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% |
| Imports | NA (2001) | 17,450 bbl/day (2004) |
| Imports - commodities | machinery and transport equipment 29%, consumer goods 36%, raw materials and semi-manufactures 32%, fuels, fish and salt (1999) | machinery and equipment, petroleum products, foodstuffs, textiles |
| Imports - partners | Denmark 52.7%, Norway 22.5%, Iceland 4.7%, Germany 4.2%, UK 4% (2003) | US 12.8%, Germany 12.3%, Norway 7.1%, Sweden 6.9%, Denmark 6.1%, UK 5.3%, China 5.3%, Netherlands 4.8%, Japan 4.1% (2006) |
| Independence | none (part of the Kingdom of Denmark; self-governing overseas administrative division of Denmark) | 1 December 1918 (became a sovereign state under the Danish Crown); 17 June 1944 (from Denmark) |
| Industrial production growth rate | 8% (1999 est.) | 9% (2007 est.) |
| Industries | fishing, fish processing, shipbuilding, construction, handicrafts | fish processing; aluminum smelting, ferrosilicon production; geothermal power, tourism |
| 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: 3.27 deaths/1,000 live births
male: 3.41 deaths/1,000 live births female: 3.12 deaths/1,000 live births (2007 est.) |
| Inflation rate (consumer prices) | 5.1% (1999) | 4.9% (2007 est.) |
| International organization participation | IMO (associate), NC, NIB, UPU | Arctic Council, Australia Group, BIS, CBSS, CE, EAPC, EBRD, EFTA, FAO, IAEA, IBRD, ICAO, ICC, ICCt, ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IPU, ISO, ITSO, ITU, ITUC, MIGA, NATO, NC, NEA, NIB, OECD, OPCW, OSCE, PCA, Schengen Convention, UN, UNCTAD, UNESCO, UPU, WCO, WEU (associate), WHO, WIPO, WMO, WTO |
| Irrigated land | 0 sq km (1998 est.) | NA |
| Judicial branch | none | Supreme Court or Haestirettur (justices are appointed for life by the Minister of Justice); eight district courts (justices are appointed for life by the Minister of Justice) |
| Labor force | 24,250 (October 2000) | 180,000 (2007 est.) |
| Labor force - by occupation | fishing, fish processing, and manufacturing 33%, construction and private services 33%, public services 34% | agriculture: 5.1%
industry: 23% services: 71.4% (2005) |
| Land boundaries | 0 km | 0 km |
| Land use | arable land: 2.14%
permanent crops: 0% other: 97.86% (2001) |
arable land: 0.07%
permanent crops: 0% other: 99.93% (2005) |
| Languages | Faroese (derived from Old Norse), Danish | Icelandic, English, Nordic languages, German widely spoken |
| Legal system | Danish | civil law system based on Danish law; has not accepted compulsory ICJ jurisdiction |
| 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 Parliament or Althing (63 seats; members are elected by popular vote to serve four-year terms)
elections: last held 12 May 2007 (next to be held by May 2011) election results: percent of vote by party - Independence Party 36.6%, Social Democratic Alliance 26.8%, Progressive Party 11.7%, Left-Green Movement 14.3%, Liberal Party 7.3%, other 3.3%; seats by party - Independence Party 25, Social Democratic Alliance 18, Progressive Party 7, Left-Green Alliance 9, Liberal Party 4 |
| Life expectancy at birth | total population: 79.05 years
male: 75.6 years female: 82.51 years (2004 est.) |
total population: 80.43 years
male: 78.33 years female: 82.62 years (2007 est.) |
| Literacy | definition: NA
total population: NA male: NA female: NA note: probably the same as Denmark proper |
definition: age 15 and over can read and write
total population: 99% male: 99% female: 99% (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 | Northern Europe, island between the Greenland Sea and the North Atlantic Ocean, northwest of the UK |
| Map references | Europe | Arctic Region |
| 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 economic zone: 200 nm continental shelf: 200 nm or to the edge of the continental margin |
| 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: 2 ships (1000 GRT or over) 4,704 GRT/729 DWT
by type: passenger/cargo 2 registered in other countries: 41 (Antigua and Barbuda 9, Bahamas 1, Belize 1, Faroe Islands 4, Gibraltar 1, Malta 7, Norway 3, St Vincent and The Grenadines 15) (2007) |
| Military - note | defense is the responsibility of Denmark | under a 1951 bilateral agreement, Iceland's defense was provided by a US-manned Icelandic Defense Force (IDF) headquartered in Keflavik; in October 2006, all US military forces in Iceland were withdrawn; nonetheless, the US and Iceland signed a Joint Understanding to strengthen their bilateral defense relationship, including regular security consultations, military communications in the event of national emergencies, annual bilateral exercises on Icelandic territory, and future bilateral and NATO support to four Iceland Air Defense System (IADS) radar sites |
| Military branches | no regular military forces | no regular military forces; Icelandic National Police (2006) |
| Military expenditures - dollar figure | NA | - |
| Military expenditures - percent of GDP | NA | 0% (2005 est.) |
| National holiday | Olaifest, 29 July | Independence Day, 17 June (1944) |
| Nationality | noun: Faroese (singular and plural)
adjective: Faroese |
noun: Icelander(s)
adjective: Icelandic |
| Natural hazards | NA | earthquakes and volcanic activity |
| Natural resources | fish, whales, hydropower, possible oil and gas | fish, hydropower, geothermal power, diatomite |
| Net migration rate | 1.41 migrant(s)/1,000 population (2004 est.) | 1.43 migrant(s)/1,000 population (2007 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] | Independence Party or IP [Geir H. HAARDE]; Left-Green Movement or LGM [Steingrimur SIGFUSSON]; Liberal Party or LP [Gudjon KRISTJANSSON]; Progressive Party or PP [Gudni AGUSTSSON]; Social Democratic Alliance or SDA [Ingibjorg Solrun GISLADOTTIR] (includes People's Alliance or PA, Social Democratic Party or SDP, Women's List) |
| Political pressure groups and leaders | NA | NA |
| Population | 46,662 (July 2004 est.) | 301,931 (July 2007 est.) |
| Population below poverty line | NA | NA% |
| Population growth rate | 0.66% (2004 est.) | 0.824% (2007 est.) |
| Ports and harbors | Torshavn, Klaksvik, Tvoroyri, Runavik, Fuglafjordhur | - |
| Radio broadcast stations | AM 1, FM 13, shortwave 0 (1998) | AM 3, FM about 70 (including repeaters), shortwave 1 (1998) |
| Religions | Evangelical Lutheran | Lutheran Church of Iceland 85.5%, Reykjavik Free Church 2.1%, Roman Catholic Church 2%, Hafnarfjorour Free Church 1.5%, other Christian 2.7%, other or unspecified 3.8%, unaffiliated 2.4% (2004) |
| 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: 1.04 male(s)/female
under 15 years: 1.029 male(s)/female 15-64 years: 1.028 male(s)/female 65 years and over: 0.825 male(s)/female total population: 1.002 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: 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: telecommunications infrastructure is modern and fully digitized, with satellite-earth stations, fiber-optic cables, and an extensive broadband network
domestic: liberalization of the telecommunications sector beginning in the late 1990s has led to increased competition especially in the mobile services segment of the market international: country code - 354; the CANTAT-3 and FARICE-1 submarine cable systems provide connectivity to Canada, the Faroe Islands, UK, Denmark, and Germany; a planned new section of the Hibernia-Atlantic submarine cable will provide additional connectivity to Canada, US, and Ireland; satellite earth stations - 2 Intelsat (Atlantic Ocean), 1 Inmarsat (Atlantic and Indian Ocean regions); note - Iceland shares the Inmarsat earth station with the other Nordic countries (Denmark, Finland, Norway, and Sweden) |
| Telephones - main lines in use | 23,000 (2002) | 193,700 (2006) |
| Telephones - mobile cellular | 30,700 (2002) | 328,500 (2006) |
| Television broadcast stations | 3 (plus 43 low-power repeaters) (September 1995) | 14 (plus 156 repeaters) (1997) |
| Terrain | rugged, rocky, some low peaks; cliffs along most of coast | mostly plateau interspersed with mountain peaks, icefields; coast deeply indented by bays and fiords |
| Total fertility rate | 2.22 children born/woman (2004 est.) | 1.91 children born/woman (2007 est.) |
| Unemployment rate | 1% (October 2000) | 1% (2007 est.) |
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