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Compare Faroe Islands (2005) - Monaco (2004)
Compare Faroe Islands (2005) z Monaco (2004)
| Faroe Islands (2005) | Monaco (2004) | |
 |  | |
| 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; there are no first-order administrative divisions as defined by the US Government, but there are four quarters (quartiers, singular - quartier); Fontvieille, La Condamine, Monaco-Ville, Monte-Carlo |
| 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: 15.5% (male 2,554; female 2,453)
15-64 years: 62.1% (male 9,860; female 10,165) 65 years and over: 22.4% (male 2,959; female 4,279) (2004 est.) |
| Agriculture - products | milk, potatoes, vegetables; sheep; salmon, other fish | none |
| Airports | 1 (2004 est.) | none; linked to the airport at Nice, France by helicopter service (2003) (2003 est.) |
| Airports - with paved 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: 1.95 sq km
land: 1.95 sq km water: 0 sq km |
| Area - comparative | eight times the size of Washington, DC | about three times the size of The Mall in 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. | Economic development was spurred in the late 19th century with a railroad linkup to France and the opening of a casino. Since then, the principality's mild climate, splendid scenery, and gambling facilities have made Monaco world famous as a tourist and recreation center. |
| Birth rate | 13.97 births/1,000 population (2005 est.) | 9.36 births/1,000 population (2004 est.) |
| Budget | revenues: $488 million
expenditures: $484 million, including capital expenditures of $21 million (1999) |
revenues: $518 million
expenditures: $531 million, including capital expenditures of NA (1995) |
| Capital | Torshavn | Monaco |
| Climate | mild winters, cool summers; usually overcast; foggy, windy | Mediterranean with mild, wet winters and hot, dry summers |
| Coastline | 1,117 km | 4.1 km |
| Constitution | 5 June 1953 (Danish constitution) | 17 December 1962 |
| Country name | conventional long form: none
conventional short form: Faroe Islands local long form: none local short form: Foroyar |
conventional long form: Principality of Monaco
conventional short form: Monaco local long form: Principaute de Monaco local short form: Monaco |
| Currency | - | euro (EUR) |
| Death rate | 8.69 deaths/1,000 population (2005 est.) | 12.74 deaths/1,000 population (2004 est.) |
| Debt - external | $64 million (1999) | NA (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) | the US does not have an embassy in Monaco; the US Consul General in Marseille (France) is accredited to Monaco |
| Diplomatic representation in the US | none (self-governing overseas administrative division of Denmark) | Monaco does not have an embassy in the US
consulate(s) general: 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) | 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 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. | Monaco, bordering France on the Mediterranean coast, is a popular resort, attracting tourists to its casino and pleasant climate. In 2001, a major construction project extended the pier used by cruise ships in the main harbor. The principality has successfully sought to diversify into services and small, high-value-added, nonpolluting industries. The state has no income tax and low business taxes and thrives as a tax haven both for individuals who have established residence and for foreign companies that have set up businesses and offices. The state retains monopolies in a number of sectors, including tobacco, the telephone network, and the postal service. Living standards are high, roughly comparable to those in prosperous French metropolitan areas. Monaco does not publish national income figures; the estimates below are extremely rough. |
| Electricity - consumption | 204.6 million kWh (2002) | NA kWh |
| Electricity - exports | 0 kWh (2002) | - |
| Electricity - imports | 0 kWh (2002) | NA kWh
note: electricity supplied by France |
| Electricity - production | 220 million kWh (2002) | - |
| Elevation extremes | lowest point: Atlantic Ocean 0 m
highest point: Slaettaratindur 882 m |
lowest point: Mediterranean Sea 0 m
highest point: Mont Agel 140 m |
| Environment - current issues | NA | NA |
| Environment - international agreements | - | party to: Air Pollution, Air Pollution-Volatile Organic Compounds, Biodiversity, Climate Change, Desertification, Endangered Species, Hazardous Wastes, Law of the Sea, Marine Dumping, Ozone Layer Protection, Ship Pollution, Wetlands, Whaling
signed, but not ratified: Climate Change-Kyoto Protocol |
| Ethnic groups | Scandinavian | French 47%, Monegasque 16%, Italian 16%, other 21% |
| Exchange rates | Danish kroner per US dollar - 5.9911 (2004), 6.5877 (2003), 7.8947 (2002), 8.3228 (2001), 8.0831 (2000) | euros per US dollar - 0.8860 (2003), 1.0626 (2002), 1.1175 (2001), 1.0854 (2000), 0.9386 (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: Prince RAINIER III (since 9 May 1949); Heir Apparent Prince ALBERT Alexandre Louis Pierre, son of the monarch (born 14 March 1958)
head of government: Minister of State Patrick LECLERCQ (since 5 January 2000) cabinet: Council of Government is under the authority of the monarch elections: none; the monarchy is hereditary; minister of state appointed by the monarch from a list of three French national candidates presented by the French Government |
| Exports | NA | $NA; full customs integration with France, which collects and rebates Monegasque trade duties; also participates in EU market system through customs union with France |
| Exports - commodities | fish and fish products 94%, stamps, ships (1999) | - |
| Exports - partners | Denmark 33.5%, UK 29.7%, Norway 8.4%, Nigeria 7.2% (2004) | - |
| 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) | two equal horizontal bands of red (top) and white; similar to the flag of Indonesia which is longer and the flag of Poland which is white (top) and red |
| GDP | - | purchasing power parity - $870 million (1999 est.) |
| GDP - composition by sector | agriculture: 27%
industry: 11% services: 62% (1999) |
agriculture: NA
industry: NA services: NA (2001 est.) |
| GDP - per capita | purchasing power parity - $22,000 (2001 est.) | purchasing power parity - $27,000 (1999 est.) |
| GDP - real growth rate | 10% (2001 est.) | NA (2000 est.) |
| Geographic coordinates | 62 00 N, 7 00 W | 43 44 N, 7 24 E |
| 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 | second-smallest independent state in the world (after Holy See); almost entirely urban |
| Heliports | - | 1 (shuttle service between the international airport at Nice, France, and Monaco's heliport at Fontvieille) (2003 est.) |
| Highways | total: 463 km
paved: 454 km unpaved: 9 km (1999) |
total: 50 km
paved: 50 km unpaved: 0 km (1999 est.) |
| Household income or consumption by percentage share | lowest 10%: NA%
highest 10%: NA% |
lowest 10%: NA
highest 10%: NA |
| Imports | NA | $NA; full customs integration with France, which collects and rebates Monegasque trade duties; also participates in EU market system through customs union with France |
| Imports - commodities | machinery and transport equipment 29%, consumer goods 36%, raw materials and semi-manufactures 32%, fuels, fish and salt (1999) | - |
| Imports - partners | Denmark 52.8%, Norway 18.3%, Iceland 4.4%, Sweden 4.2% (2004) | - |
| Independence | none (part of the Kingdom of Denmark; self-governing overseas administrative division of Denmark) | 1419 (beginning of the rule by the House of Grimaldi) |
| Industrial production growth rate | 8% (1999 est.) | NA |
| Industries | fishing, fish processing, small ship repair and refurbishment, handicrafts | tourism, construction, small-scale industrial and consumer products |
| 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.) |
total: 5.53 deaths/1,000 live births
male: 6.4 deaths/1,000 live births female: 4.61 deaths/1,000 live births (2004 est.) |
| Inflation rate (consumer prices) | 5.1% (1999) | NA (2000) |
| International organization participation | IMO (associate), NC, NIB, UPU | ACCT, CE, FAO, IAEA, ICAO, ICC, ICCt (signatory), ICRM, IFRCS, IHO, IMO, Interpol, IOC, ITU, OPCW, OSCE, UN, UNCTAD, UNESCO, UNIDO, UNITAR, UPU, WHO, WIPO, WMO, WToO |
| Irrigated land | 0 sq km (1998 est.) | NA sq km |
| Judicial branch | none | Supreme Court or Tribunal Supreme (judges appointed by the monarch on the basis of nominations by the National Council) |
| Labor force | 24,250 (October 2000) | 30,540 (January 1994) |
| Labor force - by occupation | fishing, fish processing, and manufacturing 33%, construction and private services 33%, public services 34% | - |
| Land boundaries | 0 km | total: 4.4 km
border countries: France 4.4 km |
| Land use | arable land: 2.14%
permanent crops: 0% other: 97.86% (2001) |
arable land: 0%
permanent crops: 0% other: 100% (urban area) (2001) |
| Languages | Faroese (derived from Old Norse), Danish | French (official), English, Italian, Monegasque |
| Legal system | Danish | based on French 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 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 |
unicameral National Council or Conseil National (24 seats; 16 members elected by list majority system, 8 by proportional representation; to serve five-year terms)
elections: last held 9 February 2003 (next to be held NA February 2008) election results: percent of vote by party - NA; seats by party - UNAM 21, UND 3 |
| Life expectancy at birth | total population: 79.21 years
male: 75.77 years female: 82.67 years (2005 est.) |
total population: 79.42 years
male: 75.53 years female: 83.5 years (2004 est.) |
| Literacy | definition: NA
total population: NA% male: NA% female: NA% note: probably the same as Denmark proper |
definition: NA
total population: 99% 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 | Western Europe, bordering the Mediterranean Sea on the southern coast of France, near the border with Italy |
| Map references | Europe | Europe |
| 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 |
| 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) |
none |
| Military - note | defense is the responsibility of Denmark | defense is the responsibility of France |
| Military branches | no regular military forces | - |
| Military expenditures - dollar figure | $NA | - |
| Military expenditures - percent of GDP | NA | - |
| National holiday | Olaifest (Olavasoka), 29 July | National Day (Prince of Monaco Holiday), 19 November |
| Nationality | noun: Faroese (singular and plural)
adjective: Faroese |
noun: Monegasque(s) or Monacan(s)
adjective: Monegasque or Monacan |
| Natural hazards | NA | NA |
| Natural resources | fish, whales, hydropower, possible oil and gas | none |
| Net migration rate | 0.94 migrant(s)/1,000 population (2005 est.) | 7.75 migrant(s)/1,000 population (2004 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] | National and Democratic Union or UND [Jean-Louis CAMPORA]; Union for Monaco or UPM (including National Union for the Future of Monaco or UNAM [leader NA] |
| Political pressure groups and leaders | NA | NA |
| Population | 46,962 (July 2005 est.) | 32,270 (July 2004 est.) |
| Population below poverty line | NA% | NA |
| Population growth rate | 0.62% (2005 est.) | 0.44% (2004 est.) |
| Ports and harbors | Torshavn | Monaco |
| Radio broadcast stations | AM 1, FM 13, shortwave 0 (1998) | AM 1, FM NA, shortwave 8 (1998) |
| Religions | Evangelical Lutheran | Roman Catholic 90% |
| 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: 1.05 male(s)/female
under 15 years: 1.04 male(s)/female 15-64 years: 0.97 male(s)/female 65 years and over: 0.69 male(s)/female total population: 0.91 male(s)/female (2004 est.) |
| Suffrage | 18 years of age; universal | 21 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 automatic telephone system
domestic: NA international: country code - 377; no satellite earth stations; connected by cable into the French communications system |
| Telephones - main lines in use | 23,000 (2002) | 33,700 (2002) |
| Telephones - mobile cellular | 30,700 (2002) | 19,300 (2002) |
| Television broadcast stations | 3 (plus 43 low-power repeaters) (September 1995) | 5 (1998) |
| Terrain | rugged, rocky, some low peaks; cliffs along most of coast | hilly, rugged, rocky |
| Total fertility rate | 2.2 children born/woman (2005 est.) | 1.76 children born/woman (2004 est.) |
| Unemployment rate | 1% (October 2000) | 3.1% (1998) |
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