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Compare Faroe Islands (2004) - Venezuela (2004)

Compare Faroe Islands (2004) z Venezuela (2004)

 Faroe Islands (2004)Venezuela (2004)
 Faroe IslandsVenezuela
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 23 states (estados, singular - estado), 1 federal district* (distrito federal), and 1 federal dependency** (dependencia federal); Amazonas, Anzoategui, Apure, Aragua, Barinas, Bolivar, Carabobo, Cojedes, Delta Amacuro, Dependencias Federales**, Distrito Federal*, Falcon, Guarico, Lara, Merida, Miranda, Monagas, Nueva Esparta, Portuguesa, Sucre, Tachira, Trujillo, Vargas, Yaracuy, Zulia


note: the federal dependency consists of 11 federally controlled island groups with a total of 72 individual islands
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: 30.5% (male 3,930,413; female 3,687,744)


15-64 years: 64.5% (male 8,107,382; female 8,034,905)


65 years and over: 5% (male 571,289; female 685,654) (2004 est.)
Agriculture - products milk, potatoes, vegetables; sheep; salmon, other fish corn, sorghum, sugarcane, rice, bananas, vegetables, coffee; beef, pork, milk, eggs; fish
Airports 1 (2003 est.) 368 (2003 est.)
Airports - with paved runways total: 1


914 to 1,523 m: 1 (2004 est.)
total: 127


over 3,047 m: 5


2,438 to 3,047 m: 11


1,524 to 2,437 m: 31


914 to 1,523 m: 61


under 914 m: 19 (2004 est.)
Airports - with unpaved runways - total: 242


1,524 to 2,437 m: 10


914 to 1,523 m: 88


under 914 m: 144 (2004 est.)
Area total: 1,399 sq km


land: 1,399 sq km


water: 0 sq km (some lakes and streams)
total: 912,050 sq km


land: 882,050 sq km


water: 30,000 sq km
Area - comparative eight times the size of Washington, DC slightly more than twice the size of California
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. Venezuela was one of three countries that emerged from the collapse of Gran Colombia in 1830 (the others being Colombia and Ecuador). For most of the first half of the 20th century, Venezuela was ruled by generally benevolent military strongmen, who promoted the oil industry and allowed for some social reforms. Democratically elected governments have held sway since 1959. Current concerns include: a polarized political environment, a divided military, drug-related conflicts along the Colombian border, increasing internal drug consumption, overdependence on the petroleum industry with its price fluctuations, and irresponsible mining operations that are endangering the rain forest and indigenous peoples.
Birth rate 13.89 births/1,000 population (2004 est.) 19.34 births/1,000 population (2004 est.)
Budget revenues: $488 million


expenditures: $484 million, including capital expenditures of $21 million (1999)
revenues: $19.33 billion


expenditures: $24.34 billion, including capital expenditures of $2.6 billion (2003)
Capital Torshavn Caracas
Climate mild winters, cool summers; usually overcast; foggy, windy tropical; hot, humid; more moderate in highlands
Coastline 1,117 km 2,800 km
Constitution 5 June 1953 (Danish constitution) 30 December 1999
Country name conventional long form: none


conventional short form: Faroe Islands


local long form: none


local short form: Foroyar
conventional long form: Bolivarian Republic of Venezuela


conventional short form: Venezuela


local long form: Republica Bolivariana de Venezuela


local short form: Venezuela
Currency Danish krone (DKK) bolivar (VEB)
Death rate 8.68 deaths/1,000 population (2004 est.) 4.9 deaths/1,000 population (2004 est.)
Debt - external $64 million (1999) $32.51 billion (2003)
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 William R. BROWNFIELD


embassy: Calle F con Calle Suapure, Urbanizacion Colinas de Valle Arriba, Caracas 1080


mailing address: P. O. Box 62291, Caracas 1060-A; APO AA 34037


telephone: [58] (212) 975-9234, 975-6411


FAX: [58] (212) 975-8991
Diplomatic representation in the US none (self-governing overseas administrative division of Denmark) chief of mission: Ambassador Bernardo ALVAREZ


chancery: 1099 30th Street NW, Washington, DC 20007


telephone: [1] (202) 342-2214


FAX: [1] (202) 342-6820


consulate(s) general: Boston, Chicago, Houston, Miami, New Orleans, New York, San Francisco, and San Juan (Puerto Rico)
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 claims all of the area west of the Essequibo River, preventing any discussion of a maritime boundary; Guyana has expressed its intention to join Barbados in asserting claims before UNCLOS that the Trinidad and Tobago's maritime boundary with Venezuela extends into their waters; maritime boundary dispute with Colombia in the Gulf of Venezuela and the Caribbean Sea; US, France and the Netherlands recognize Venezuela's claim to give full effect to Aves Island, which creates a Venezuelan EEZ/continental shelf extending over a large portion of the Caribbean Sea; Dominica, Saint Kitts and Nevis, Saint Lucia, and Saint Vincent and the Grenadines protest Venezuela's claim that Aves Island sustains human habitation and other states' recognition of it
Economic aid - recipient $135 million (annual subsidy from Denmark) (1998) $74 million (2000)
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. Venezuela continues to be highly dependent on the petroleum sector, which accounts for roughly one-third of GDP, around 80% of export earnings, and more than half of government operating revenues. Despite higher oil prices at the end of 2002 and into 2003, domestic political instability, culminating in a disastrous two-month national oil strike from December 2002 to February 2003, temporarily halted economic activity. The economy remained in depression in 2003, declining by 9.2% after an 8.9% fall in 2002. In late 2003, President CHAVEZ committed himself to $1 billion in new social programs, money the government does not have.
Electricity - consumption 149.1 million kWh (2001) 81.47 billion 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) 87.6 billion kWh (2001)
Elevation extremes lowest point: Atlantic Ocean 0 m


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


highest point: Pico Bolivar (La Columna) 5,007 m
Environment - current issues NA sewage pollution of Lago de Valencia; oil and urban pollution of Lago de Maracaibo; deforestation; soil degradation; urban and industrial pollution, especially along the Caribbean coast; threat to the rainforest ecosystem from irresponsible mining operations
Environment - international agreements - party to: Antarctic Treaty, Biodiversity, Climate Change, Desertification, Endangered Species, Hazardous Wastes, Marine Life Conservation, Ozone Layer Protection, Ship Pollution, Tropical Timber 83, Tropical Timber 94, Wetlands
Ethnic groups Scandinavian Spanish, Italian, Portuguese, Arab, German, African, indigenous people
Exchange rates Danish kroner per US dollar - 6.5877 (2003), 7.89 (2002), 8.323 (2001), 8.083 (2000), 6.976 (1999) bolivares per US dollar - 1,607.79 (2003), 1,160.95 (2002), 723.666 (2001), 679.96 (2000), 605.717 (1999)
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 Hugo CHAVEZ Frias (since 3 February 1999); Vice President Jose Vicente RANGEL (since 28 April 2002); note - the president is both the chief of state and head of government


head of government: President Hugo CHAVEZ Frias (since 3 February 1999); Vice President Jose Vicente RANGEL (since 28 April 2002); note - the president is both the chief of state and head of government


cabinet: Council of Ministers appointed by the president


elections: president elected by popular vote for a six-year term; election last held 30 July 2000 (next to be held NA 2006)


election results: Hugo CHAVEZ Frias reelected president; percent of vote - 60%


note: a special presidential recall vote on 15 August 2004 resulted in a victory for CHAVEZ; percent of vote - 58% in favor of CHAVEZ fulfilling the remaining two years of his term, 42% in favor of terminating his presidency immediately
Exports NA (2001) NA (2001)
Exports - commodities fish and fish products 94%, stamps, ships (1999) petroleum, bauxite and aluminum, steel, chemicals, agricultural products, basic manufactures
Exports - partners Denmark 36.7%, UK 32.1%, Netherlands 6.1%, Nigeria 5.6%, Norway 5.4% (2003) US 52.9%, Netherlands Antilles 5%, Dominican Republic 3% (2003)
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) three equal horizontal bands of yellow (top), blue, and red with the coat of arms on the hoist side of the yellow band and an arc of seven white five-pointed stars centered in the blue band
GDP purchasing power parity - $1 billion (2001 est.) purchasing power parity - $117.9 billion (2003 est.)
GDP - composition by sector agriculture: 27%


industry: 11%


services: 62% (1999)
agriculture: 5%


industry: 50%


services: 45% (2004 est.)
GDP - per capita purchasing power parity - $22,000 (2001 est.) purchasing power parity - $4,800 (2003 est.)
GDP - real growth rate 10% (2001 est.) -9.2% (2003 est.)
Geographic coordinates 62 00 N, 7 00 W 8 00 N, 66 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 on major sea and air routes linking North and South America; Angel Falls in the Guiana Highlands is the world's highest waterfall
Highways total: 463 km


paved: 454 km


unpaved: 9 km (1999)
total: 96,155 km


paved: 32,308 km


unpaved: 63,847 km (1999 est.)
Household income or consumption by percentage share lowest 10%: NA


highest 10%: NA
lowest 10%: 0.8%


highest 10%: 36.5% (1998)
Illicit drugs - small-scale illicit producer of opium and coca for the processing of opiates and coca derivatives; however, large quantities of cocaine, heroin, and marijuana transit the country from Colombia bound for US and Europe; significant narcotics-related money-laundering activity, especially along the border with Colombia and on Margarita Island; active eradication program primarily targeting opium; increasing signs of drug-related activities by Colombian insurgents on border
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) raw materials, machinery and equipment, transport equipment, construction materials
Imports - partners Denmark 52.7%, Norway 22.5%, Iceland 4.7%, Germany 4.2%, UK 4% (2003) US 28.8%, Colombia 7%, Brazil 6.6%, Mexico 4.3% (2003)
Independence none (part of the Kingdom of Denmark; self-governing overseas administrative division of Denmark) 5 July 1811 (from Spain)
Industrial production growth rate 8% (1999 est.) -15.4% (2003 est.)
Industries fishing, fish processing, shipbuilding, construction, handicrafts petroleum, iron ore mining, construction materials, food processing, textiles, steel, aluminum, motor vehicle assembly
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: 22.99 deaths/1,000 live births


male: 26.18 deaths/1,000 live births


female: 19.57 deaths/1,000 live births (2004 est.)
Inflation rate (consumer prices) 5.1% (1999) 31.1% (2003 est.)
International organization participation IMO (associate), NC, NIB, UPU CAN, CDB, FAO, G-3, G-15, G-24, G-77, IADB, IAEA, IBRD, ICAO, ICC, ICCt, ICFTU, ICRM, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, Interpol, IOC, IOM, ISO, ITU, LAES, LAIA, Mercosur (associate), MIGA, NAM, OAS, OPANAL, OPCW, OPEC, PCA, RG, UN, UNCTAD, UNESCO, UNHCR, UNIDO, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WToO, WTO
Irrigated land 0 sq km (1998 est.) 540 sq km (1998 est.)
Judicial branch none Supreme Tribunal of Justice or Tribuna Suprema de Justicia (magistrates are elected by the National Assembly for a single 12-year term)
Labor force 24,250 (October 2000) 11.38 million (2003)
Labor force - by occupation fishing, fish processing, and manufacturing 33%, construction and private services 33%, public services 34% agriculture 13%, industry 23%, services 64% (1997 est.)
Land boundaries 0 km total: 4,993 km


border countries: Brazil 2,200 km, Colombia 2,050 km, Guyana 743 km
Land use arable land: 2.14%


permanent crops: 0%


other: 97.86% (2001)
arable land: 2.95%


permanent crops: 0.92%


other: 96.13% (2001)
Languages Faroese (derived from Old Norse), Danish Spanish (official), numerous indigenous dialects
Legal system Danish based on organic laws as of July 1999; open, adversarial court system; 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 National Assembly or Asamblea Nacional (165 seats; members elected by popular vote to serve five-year terms; three seats reserved for the indigenous peoples of Venezuela)


elections: last held 30 July 2000 (next to be held July 2005)


election results: percent of vote by party - NA%; seats by party - pro-government 108 (MVR 92, MAS 6, indigenous 3, other 7), opposition 57 (AD 33, COPEI 6, Justice First 5, other 13)
Life expectancy at birth total population: 79.05 years


male: 75.6 years


female: 82.51 years (2004 est.)
total population: 74.06 years


male: 71.02 years


female: 77.32 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 can read and write


total population: 93.4%


male: 93.8%


female: 93.1% (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 South America, bordering the Caribbean Sea and the North Atlantic Ocean, between Colombia and Guyana
Map references Europe South America
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


contiguous zone: 15 nm


exclusive economic zone: 200 nm


continental shelf: 200-m depth or to the depth of exploitation
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: 48 ships (1,000 GRT or over) 740,919 GRT/1,191,483 DWT


by type: bulk 6, cargo 7, container 2, liquefied gas 5, multi-functional large load carrier 1, passenger 1, passenger/cargo 1, petroleum tanker 16, roll on/roll off 8, short-sea/passenger 1


foreign-owned: Belgium 1, Denmark 2, Greece 2, Spain 1, United States 2


registered in other countries: 4 (2004 est.)
Military - note defense is the responsibility of Denmark -
Military branches no regular military forces National Armed Forces (Fuerzas Armadas Nacionales or FAN) includes Ground Forces or Army (Fuerzas Terrestres or Ejercito), Naval Forces (Fuerzas Navales or Armada - including marines and Coast Guard), Air Force (Fuerzas Aereas or Aviacion), Armed Forces of Cooperation or National Guard (Fuerzas Armadas de Cooperacion or Guardia Nacional)
Military expenditures - dollar figure NA $1,125.6 million (2003)
Military expenditures - percent of GDP NA 1.3% (2003)
Military manpower - availability - males age 15-49: 6,886,775 (2004 est.)
Military manpower - fit for military service - males age 15-49: 4,953,803 (2004 est.)
Military manpower - reaching military age annually - males: 250,730 (2004 est.)
National holiday Olaifest, 29 July Independence Day, 5 July (1811)
Nationality noun: Faroese (singular and plural)


adjective: Faroese
noun: Venezuelan(s)


adjective: Venezuelan
Natural hazards NA subject to floods, rockslides, mudslides; periodic droughts
Natural resources fish, whales, hydropower, possible oil and gas petroleum, natural gas, iron ore, gold, bauxite, other minerals, hydropower, diamonds
Net migration rate 1.41 migrant(s)/1,000 population (2004 est.) -0.04 migrant(s)/1,000 population (2004 est.)
Pipelines - extra heavy crude 992 km; gas 5,262 km; oil 7,360 km; refined products 1,681 km; unknown (oil/water) 141 km (2004)
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] Democratic Action or AD [Henry RAMOS Allup]; Fifth Republic Movement or MVR [Hugo CHAVEZ]; Homeland for All or PPT [Jose ALBORNOZ]; Justice First [Julio BORGES]; Movement Toward Socialism or MAS [Hector MUJICA]; National Convergence or Convergencia [Juan Jose CALDERA]; Radical Cause or La Causa R [Andres VELASQUEZ]; Social Christian Party or COPEI [Eduardo FERNANDEZ]; Venezuela Project or PV [Henrique SALAS Romer]
Political pressure groups and leaders NA FEDECAMARAS, a conservative business group; VECINOS groups; Venezuelan Confederation of Workers or CTV (labor organization dominated by the Democratic Action)
Population 46,662 (July 2004 est.) 25,017,387 (July 2004 est.)
Population below poverty line NA 47% (1998 est.)
Population growth rate 0.66% (2004 est.) 1.44% (2004 est.)
Ports and harbors Torshavn, Klaksvik, Tvoroyri, Runavik, Fuglafjordhur Amuay, Bajo Grande, El Tablazo, La Guaira, La Salina, Maracaibo, Matanzas, Palua, Puerto Cabello, Puerto la Cruz, Puerto Ordaz, Puerto Sucre, Punta Cardon
Radio broadcast stations AM 1, FM 13, shortwave 0 (1998) AM 201, FM NA (20 in Caracas), shortwave 11 (1998)
Railways - total: 682 km


standard gauge: 682 km 1.435-m gauge (2003)
Religions Evangelical Lutheran nominally Roman Catholic 96%, Protestant 2%, other 2%
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: 1.08 male(s)/female


under 15 years: 1.07 male(s)/female


15-64 years: 1.01 male(s)/female


65 years and over: 0.83 male(s)/female


total population: 1.02 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: modern and expanding


domestic: domestic satellite system with 3 earth stations; recent substantial improvement in telephone service in rural areas; substantial increase in digitalization of exchanges and trunk lines; installation of a national interurban fiber-optic network capable of digital multimedia services


international: country code - 58; 3 submarine coaxial cables; satellite earth stations - 1 Intelsat (Atlantic Ocean) and 1 PanAmSat; participating with Colombia, Ecuador, Peru, and Bolivia in the construction of an international fiber-optic network
Telephones - main lines in use 23,000 (2002) 2,841,800 (2002)
Telephones - mobile cellular 30,700 (2002) 6,463,600 (2002)
Television broadcast stations 3 (plus 43 low-power repeaters) (September 1995) 66 (plus 45 repeaters) (1997)
Terrain rugged, rocky, some low peaks; cliffs along most of coast Andes Mountains and Maracaibo Lowlands in northwest; central plains (llanos); Guiana Highlands in southeast
Total fertility rate 2.22 children born/woman (2004 est.) 2.31 children born/woman (2004 est.)
Unemployment rate 1% (October 2000) 18% (2003 est.)
Waterways - 7,100 km


note: Orinoco River and Lake de Maracaibo navigable by oceangoing vessels, Orinoco for 400 km (2004)
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