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Compare Faroe Islands (2005) - Bahamas, The (2001)
Compare Faroe Islands (2005) z Bahamas, The (2001)
| Faroe Islands (2005) | Bahamas, The (2001) | |
 |  | |
| 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, Nicholls Town and Berry Islands, Ragged Island, Rock Sound, Sandy Point, San Salvador and Rum Cay |
| Age structure | 0-14 years: 21.3% (male 4,997/female 4,999)
15-64 years: 64.9% (male 16,120/female 14,360) 65 years and over: 13.8% (male 2,923/female 3,563) (2005 est.) |
0-14 years:
29.43% (male 44,179; female 43,486) 15-64 years: 64.46% (male 94,329; female 97,674) 65 years and over: 6.11% (male 7,618; female 10,566) (2001 est.) |
| Agriculture - products | milk, potatoes, vegetables; sheep; salmon, other fish | citrus, vegetables; poultry |
| Airports | 1 (2004 est.) | 65 (2000 est.) |
| Airports - with paved runways | total: 1
914 to 1,523 m: 1 (2004 est.) |
total:
36 over 3,047 m: 2 2,438 to 3,047 m: 2 1,524 to 2,437 m: 16 914 to 1,523 m: 13 under 914 m: 3 (2000 est.) |
| Airports - with unpaved runways | - | total:
29 914 to 1,523 m: 6 under 914 m: 23 (2000 est.) |
| 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. | 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 | 13.97 births/1,000 population (2005 est.) | 19.1 births/1,000 population (2001 est.) |
| Budget | revenues: $488 million
expenditures: $484 million, including capital expenditures of $21 million (1999) |
revenues:
$766 million expenditures: $845 million, including capital expenditures of $97 million (FY97/98) |
| 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 | - | Bahamian dollar (BSD) |
| Death rate | 8.69 deaths/1,000 population (2005 est.) | 7.14 deaths/1,000 population (2001 est.) |
| Debt - external | $64 million (1999) | $385.8 million (2000 est.) |
| 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-designate J. Richard BLANKENSHIP embassy: Queen Street, Nassau mailing address: local or express mail address: P. O. Box N-8197, Nassau; stateside address: American Embassy Nassau, P. O. Box 599009, Miami, FL 33159-9009; pouch address: Nassau, Department of State, Washington, DC 20521-3370 telephone: [1] (242) 322-1181, 328-2206 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 | because anticipated offshore hydrocarbon resources have not been realized, earlier Faroese proposals for full independence have been deferred; Iceland disputes the Faroe Islands' fisheries median line boundary; Iceland, the UK, and Ireland dispute Denmark's claim that the Faroe Islands' continental shelf extends beyond 200 nm | none |
| Economic aid - recipient | $135 million (annual subsidy from Denmark) (1998) | $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 minimal 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 has helped 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. | 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 40% of the archipelago's labor force. Moderate growth in tourism receipts and a boom in construction of new hotels, resorts, and residences led to an increase of the country's GDP by an estimated 3% in 1998, 6% in 1999, and 4.5% in 2000. Manufacturing and agriculture together contribute only 10% of GDP and show little growth, despite government incentives aimed at those sectors. Overall growth prospects in the short run will depend heavily on the fortunes of the tourism sector and continued sturdy growth in the US, which accounts for the majority of tourist visitors. |
| Electricity - consumption | 204.6 million kWh (2002) | 1.362 billion kWh (1999) |
| Electricity - exports | 0 kWh (2002) | 0 kWh (1999) |
| Electricity - imports | 0 kWh (2002) | 0 kWh (1999) |
| Electricity - production | 220 million kWh (2002) | 1.465 billion kWh (1999) |
| Electricity - production by source | - | fossil fuel:
100% hydro: 0% nuclear: 0% other: 0% (1999) |
| 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 - 5.9911 (2004), 6.5877 (2003), 7.8947 (2002), 8.3228 (2001), 8.0831 (2000) | Bahamian dollars per US dollar - 1.000 (fixed rate pegged to the dollar) |
| 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), represented by Governor General Sir Orville TURNQUEST (since 2 January 1995) head of government: Prime Minister Hubert Alexander INGRAHAM (since 19 August 1992) and Deputy Prime Minister Frank WATSON (since December 1994) 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; prime minister and deputy prime minister appointed by the governor general |
| Exports | NA | $376.8 million (2000 est.) |
| Exports - commodities | fish and fish products 94%, stamps, ships (1999) | pharmaceuticals, cement, rum, crawfish, refined petroleum products |
| Exports - partners | Denmark 33.5%, UK 29.7%, Norway 8.4%, Nigeria 7.2% (2004) | US 22.3%, Switzerland 15.6%, UK 15%, Denmark 7.4% (1998) |
| 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 - $4.5 billion (2000 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 - $22,000 (2001 est.) | purchasing power parity - $15,000 (2000 est.) |
| GDP - real growth rate | 10% (2001 est.) | 4.5% (2000 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 |
| Heliports | - | 1 (2000 est.) |
| Highways | total: 463 km
paved: 454 km unpaved: 9 km (1999) |
total:
2,693 km paved: 1,546 km unpaved: 1,147 km (1997) |
| 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; banking industry vulnerable to money laundering |
| Imports | NA | $1.73 billion (2000 est.) |
| Imports - commodities | machinery and transport equipment 29%, consumer goods 36%, raw materials and semi-manufactures 32%, fuels, fish and salt (1999) | foodstuffs, manufactured goods, crude oil, vehicles, electronics |
| Imports - partners | Denmark 52.8%, Norway 18.3%, Iceland 4.4%, Sweden 4.2% (2004) | US 27.3%, Italy 26.5%, Japan 10%, Denmark 4.2% (1998) |
| 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, small ship repair and refurbishment, handicrafts | tourism, banking, cement, oil refining and transshipment, salt, rum, aragonite, pharmaceuticals, spiral-welded steel pipe |
| Infant mortality rate | total: 6.24 deaths/1,000 live births
male: 7.54 deaths/1,000 live births female: 4.93 deaths/1,000 live births (2005 est.) |
17.03 deaths/1,000 live births (2001 est.) |
| Inflation rate (consumer prices) | 5.1% (1999) | 1.9% (2000 est.) |
| International organization participation | IMO (associate), NC, NIB, UPU | ACP, C, Caricom, CCC, CDB, ECLAC, FAO, G-77, IADB, IBRD, ICAO, ICFTU, ICRM, IFC, IFRCS, ILO, IMF, IMO, Inmarsat, Intelsat, Interpol, IOC, ITU, LAES, NAM, OAS, OPANAL, OPCW, UN, UNCTAD, UNESCO, UNIDO, UPU, WHO, WIPO, WMO, WTrO (observer) |
| Internet Service Providers (ISPs) | - | 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 40%, other services 50%, industry 5%, agriculture 5% (1995 est.) |
| Land boundaries | 0 km | 0 km |
| Land use | arable land: 2.14%
permanent crops: 0% other: 97.86% (2001) |
arable land:
1% permanent crops: 0% permanent pastures: 0% forests and woodland: 32% other: 67% (1993 est.) |
| Languages | Faroese (derived from Old Norse), Danish | English, 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 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 8 February 2005 (next to be held February 2009); results - percent of vote by party - NA; seats by party - Republican Party 1, People's 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 14 March 1997 (next to be held by March 2002) election results: percent of vote by party - NA%; seats by party - FNM 35, PLP 5 |
| Life expectancy at birth | total population: 79.21 years
male: 75.77 years female: 82.67 years (2005 est.) |
total population:
70.46 years male: 67.27 years female: 73.71 years (2001 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: 98.2% male: 98.5% female: 98% (1995 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 |
| 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 |
continental shelf:
200-m depth or to the depth of exploitation exclusive economic zone: 200 NM territorial sea: 12 NM |
| Merchant marine | total: 14 ships (1,000 GRT or over) 24,051 GRT/11,998 DWT
by type: cargo 6, container 1, passenger/cargo 5, petroleum tanker 2 foreign-owned: 8 (Denmark 2, Germany 1, Iceland 2, Norway 2, United Kingdom 1) (2005) |
total:
1,049 ships (1,000 GRT or over) totaling 30,000,221 GRT/44,601,471 DWT ships by type: bulk 185, cargo 214, chemical tanker 36, combination bulk 15, combination ore/oil 22, container 66, liquefied gas 33, livestock carrier 1, multi-functional large-load carrier 4, passenger 79, passenger/cargo 1, petroleum tanker 182, railcar carrier 1, refrigerated cargo 118, roll on/roll off 50, short-sea passenger 15, specialized tanker 3, vehicle carrier 24 note: includes some foreign-owned ships registered here as a flag of convenience: Algeria 2, Australia 1, Austria 1, Bermuda 6, Belgium 14, Canada 1, Cuba 1, Cyprus 2, Denmark 17, Finland 7, France 9, Germany 9, Greece 89, Hong Kong 7, Indonesia 2, India 1, Israel 4, Italy 8, Japan 23, Jamaica 1, Kenya 1, Lebanon 2, Luxembourg 2, Monaco 15, Malaysia 1, Netherlands 16, Norway 139, Poland 3, Portugal 2, Russia 2, Saudi Arabia 5, Singapore 12, Spain 7, Sweden 14, Syria 1, Switzerland 7, UAE 1, Trinidad and Tobago 2, UK 67, Ukraine 3, US 50, British Virgin Islands 1, British Virgin Islands 1 (2000 est.) |
| Military - note | defense is the responsibility of Denmark | - |
| Military branches | no regular military forces | 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 | NA% |
| National holiday | Olaifest (Olavasoka), 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 that cause extensive flood and wind damage |
| Natural resources | fish, whales, hydropower, possible oil and gas | salt, aragonite, timber, arable land |
| Net migration rate | 0.94 migrant(s)/1,000 population (2005 est.) | -2.65 migrant(s)/1,000 population (2001 est.) |
| Political parties and leaders | Center Party [Jenis A. RANA]; Independence Party [Kari P. HOJGAARD]; People's Party [Anfinn KALLSBERG]; Republican Party [Hogni HOYDAL]; Social Democratic Party [Joannes EIDESGAARD]; Union Party [Kaj Oeo JOHANNESEN] | Free National Movement or FNM [Hubert Alexander INGRAHAM]; Progressive Liberal Party or PLP [Perry CHRISTIE] |
| Political pressure groups and leaders | NA | NA |
| Population | 46,962 (July 2005 est.) | 297,852
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 2001 est.) |
| Population below poverty line | NA% | NA% |
| Population growth rate | 0.62% (2005 est.) | 0.93% (2001 est.) |
| Ports and harbors | Torshavn | Freeport, Matthew Town, Nassau |
| Radio broadcast stations | AM 1, FM 13, shortwave 0 (1998) | AM 3, FM 4, shortwave 0 (1998) |
| Radios | - | 215,000 (1997) |
| Railways | - | 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 male(s)/female 15-64 years: 1.12 male(s)/female 65 years and over: 0.82 male(s)/female total population: 1.05 male(s)/female (2005 est.) |
at birth:
1.02 male(s)/female under 15 years: 1.02 male(s)/female 15-64 years: 0.97 male(s)/female 65 years and over: 0.72 male(s)/female total population: 0.96 male(s)/female (2001 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 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 | 23,000 (2002) | 96,000 (1997) |
| Telephones - mobile cellular | 30,700 (2002) | 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 | 2.2 children born/woman (2005 est.) | 2.3 children born/woman (2001 est.) |
| Unemployment rate | 1% (October 2000) | 9% (1998 est.) |
| Waterways | - | none |
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